Day: January 16, 2023

SHIB Token Sees Rise Ahead of Shibarium Beta Launch – Bitcoin News

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The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin’s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the L2 platform, “Shibarium beta,” is about to be launched on top of the Ethereum blockchain to provide better scalability, faster transaction times, and lower fees. SHIB Token Market Reacts Positively to Upcoming Shibarium Launch The shiba inu (SHIB) meme token community, also known as the “SHIB Army,” has…

Flare Network (FLR) Now Available for Instant Swaps on ChangeNOW

Place/Date: – January 16th, 2023 at 8:17 pm UTC · 3 min read Source: ChangeNOW Flare Network (FLR) has joined the list of 850+ digital assets available for instant cryptocurrency swaps on ChangeNOW. ChangeNOW customers are welcomed to exchange FLR to the cryptocurrency of their choice at a minimum transaction amount as low as $2. The listing of the Flare Network token demonstrates commitment of the ChangeNOW team to providing the Flare Network community with a smooth and secure way of managing their assets. The recent listing of FLR follows…

Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program. The Commodity Futures Trading Commission started the process of getting a default judgment in its case against Ooki DAO after the decentralized autonomous organization missed the deadline to respond to the lawsuit. It also filed suit against digital artist Avraham Eisenberg and charged him with two counts of market manipulation in connection with an exploit of the decentralized finance platform, Mango Markets. In South…

MANA Soared 75% This Week, Entering The Top 100

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According to CoinMarketCap’s data, Decentraland’s native token, MANA, has gained 17.59% in the last 24 hours, following the stellar performance of metaverse tokens since the start of the new year. MANA is one of the top 100 cryptocurrencies and has grown by 95% in the last month. In addition, it has been in the green for 14 of the previous 16 days. What Pushed MANA To The Sky? At the time of writing, MANA is trading at $0.6887. Since last week, the token’s price has increased by approximately 70%, bringing…

Binance Introduces Off-Exchange Settlement to Institutional Investors

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Binance Custody, the institutional digital asset custody arm of leading cryptocurrency exchange, Binance, officially launched Binance Mirror, its off-exchange crypto settlement solution, on Monday. The new service provides Binance’s institutional investors with access to the crypto exchange’s trading and investment products while their collaterals are kept in the company’s cold storage. Binance Custody also noted that institutional investors can get access to the exchange’s VIP loans through the new service. “Through Binance Mirror, institutions lock a specified amount of their asset balance available in their Qualified Wallet, Binance Custody’s cold…

2023 is a BUIDL year for crypto gaming

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2022 was a huge year for the play-to-earn (P2E) gaming scene. An influx of capital and users was followed by a sharp downturn in blockchain game token prices and a decrease in players — and the market is still reeling. And, with fallout from the FTX disaster reaching into every corner of the industry, play-to-earn’s prospects seem bleak on the surface. But peeking under the hood, the numbers tell a different story: Strong funding this year has set the stage for serious “buidling” in 2023.  A consistent flow of strong…

Nexo sues Cayman Islands financial regulator over VASP license

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The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands. In a document dated Jan. 12, Nexo filed a lawsuit against the Cayman Islands Monetary Authority, or CIMA, for denying its registration as a virtual asset service provider (VASP) in the island nation. The crypto lender asked the court to overturn the financial regulator’s decision as it was “suitable” to provide crypto services to Cayman Islands residents. According to court documents,…

Crypto.com Decides To Let Go 20% Of Its Current Workforce

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The crypto industry continues to stagger under a massive wave of layoffs that have been occurring in recent times. Among the recent companies from the sector, Crypto.com has planned on axing 20% of its workforce. The Singapore-based company, Crypto.com, has confirmed its decision via a blog post. According to Co-Founder and CEO Kris Marszalek, the platform must let go of 20% of its current employees. Crypto.com has faced significant criticism after attempting to reassure investors that the crypto exchange is in good financial health and has nothing to worry about.…