Day: July 7, 2022

Opera Crypto Browser integrates Coin98 to bolster Web3 accessibility in Southeast Asia

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Opera Crypto Browser, a Web3-focused project for facilitating navigation across decentralized applications (DApps), games and metaverse platforms, has announced a partnership with Coin98, a Southeast Asia-based decentralized finance (DeFi) platform, to bolster Web3 accessibility.  Following the integration of Coin98, users of Opera’s Crypto Browser will be able to tap into the platform’s range of multichain nonfungible tokens (NFTs), decentralized exchanges (DEXs), cross-chain bridges and asset swaps as well as the ability to stake and lend their cryptocurrency portfolios, as per a Thursday announcement. With Southeast Asia’s reputation as an online…

Shiba Inu planea lanzar una stablecoin, un token de recompensa y un juego de cartas coleccionables

Como parte del plan, los desarrolladores están trabajando en el propio protocolo de segunda capa (layer 2) del ecosistema, llamado Shibarium, que admitiría la implementación y el desarrollo de aplicaciones nativas, además del uso del token BONE. El equipo está construyendo por separado un proyecto de metaverso con 100.000 terrenos para bienes raíces virtuales. El juego de cartas coleccionables de Shiba Inu, que se encuentra en fase de desarrollo, vivirá en el metaverso de Shiba, según la publicación del blog. Source

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Celsius Network Pays Off Maker Loan, Freeing Up $440M of Collateral

On-chain data shows that a wallet linked to Celsius repaid the remaining $41.2 million of the loan in DAI, the Maker protocol’s stablecoin. That prompted the Maker protocol to release 21,962 wrapped bitcoins (WBTC), a bitcoin equivalent token of the Ethereum blockchain, which was pledged as collateral of the loan. That works out to about $448 million, since WBTC was recently trading at about $20,400. Source

How the Metaverse can revolutionize the fashion industry

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The idea underlying digital fashion can be difficult for many to grasp since buying/trying out clothes that only exist in a virtual world can seem quite strange at first. However, with this niche market continuing to gain a lot of traction recently, many experts are beginning to view the idea of the Metaverse reshaping the future of fashion a lot more seriously. For example, as per a recent study, clothing existing solely in the digital world was found to be way more environmentally friendly than its physical counterpart, with the…

Powers On… Summer musings after two particularly bad months in cryptoland – Cointelegraph Magazine

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This column’s goal has never been to provide investment advice on cryptocurrencies or other digital assets, nor has it been to provide individualized legal advice. It has mostly been about my desire to freely set forth in writing my thoughts on the state of the crypto market and the legal affairs surrounding it. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an…

Binance.US Names ex-PayPal Executive as New CFO

“Jasmine is a rare talent who possesses more than 20 years of deep knowledge in both fintech and high growth startup environments,” said Binance.US CEO Brian Shroder in a statement. “Her experience at Paypal, a public Fortune 500 company, in particular, will be invaluable as we chart our path to an IPO in the coming years.” Original Source BinanceUSCFOExecutiveExPayPalNames CryptoX Portal

Solflare to let users manage Solana CeFi and DeFi accounts in one app with FTX integration

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On Thursday, Solana-native wallet Solflare released a new integration with cryptocurrency exchange FTX.com and FTX.us to simply portfolio management for Solana users. As told by Solflare, it would make transfers between one’s custodial and non-custodial balances trivial by enabling users to manage FTX funds directly from their Solflare web extension and later via the mobile wallet. Of course, FTX know-your-customer rules would still apply to link one’s exchange accounts with Solflare. In addition, token swap on FTX accounts within the Solflare wallet would not be affected by Solana’s infamous network…

Crypto Winter Has Arrived. Here’s How Advisors Can Help

Singapore-based Three Arrows Capital, a crypto-focused hedge fund, was ordered to liquidate after several weeks of difficulties. Ahead of the liquidation, crypto exchanges BlockFi and Voyager Digital took on huge lines of credit to help survive the crunch, as both had participated in financing Three Arrows. Their creditor, FTX founder Sam Bankman-Fried, went on to say that he believes many crypto exchanges and firms are already “secretly insolvent.” Source

Bitstamp cancels ‘inactivity fee’ plans after huge backlash

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Luxembourg-based cryptocurrency exchange Bitstamp has scrapped plans to implement an inactivity fee after widespread outcries from users online. The exchange had previously announced at the end of June that it would enforce a €10 ($1fee on inactive users on its platform with account balances valued at €200 ($204.08) or less from the beginning of August. The inactivity fee was due to be applied to users of Bitstamp Limited and Bitstamp Global Ltd from  Aug. 1 and for customers of Bitstamp Europe S.A. from Aug. 6. Bitstamp users based in the…