Intain’s digital marketplace is intended to automate and integrate functions such as verification agent, underwriting, rating agency, servicer, trustee and the investor, according to the company. “Rather than replacing trust intermediaries, [IntainMARKETS] integrates them onto a singular platform and process to enable digital issuance and investment on-chain,” the company added. Source
A partnership between Poundtoken and BitcoinPoint will make the country’s first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a “crypto hub” and is in line with the government’s push to use stablecoins for wholesale settlements. Bitcoin Point is a Lightning Network-enabled Bitcoin (BTC), and cryptocurrency exchange, licensed and registered in the U.K. Poundtoken is the sole issuer of the GBPT ($GBPT) stablecoin. Poundtoken states that its stablecoin GBPT is…
According to a filing with the United States Securities and Exchange Commission on Jan. 31, electric vehicle manufacturer Tesla disclosed that it recorded a $204 million gross impairment loss during 2022 on its Bitcoin (BTC) holdings. Simultaneously, Tesla recorded a gain of $64 million from converting BTC into fiat currency at various points during the year, resulting in a net loss of $140 million from its cryptocurrency trading activities. The filing further explained the impact of volatile crypto prices on Tesla’s bottom line: “Digital assets are considered indefinite-lived intangible assets…
Place/Date: New York, United States – January 31st, 2023 at 2:57 pm UTC · 3 min read Contact: Marketing Biswap, Source: Biswap BNB Chain decentralized exchange Biswap has published its 2023 roadmap which includes a number of proposed improvements and upgrades. It includes details of a new AMM, route optimization, and perpetual trading. Take a look at the main Biswap benefits. A new AMM protocol with concentrated liquidity will allow Liquidity Providers to accumulate their capital to smaller price intervals than from 0 to infinity, increasing capital use efficiency and…
Cointelegraph Markets Pro gives members access to multiple strategies for finding weekly crypto winners. This article outlines how to use two overlooked indicators that, based on historical data, have been able to alert traders to massive potential price increases. These indicators can also be indispensable tools for asset discovery. When these indicators are abnormally high, they warrant a closer look at the featured assets to investigate the reasons behind the abnormal volume dynamics. Before diving in, it’s important to understand this point: Cointelegraph Markets Pro is made up of multiple,…
ICOs do not deserve their bad reputation – and can be a viable way for retail investors to take part in the growth of early stage startups and expand capital access for U.S. firms, if regulation is reconsidered. Source
Place/Date: Mahe, Seychelles – January 31st, 2023 at 2:54 pm UTC · 3 min read Contact: Juli, Source: TrainCraft Experienced blockchain development studio RedPill has been hard at work developing their newest release – an NFT-based P2E game, TrainCraft. Earlier RedPill created a mobile NFT-based game Chimeras Metaverse, collaborated with industry-leading companies and top crypto funds and became the grantee of the BNB Grant in the Metaverse category. TrainCraft is a mobile game set in an underground post-apocalyptic world that combines easy-to-access gameplay mechanics with NFTs and GameFi. Red Pill’s…
The Hong Kong regulator HKNA noted that algorithmic stablecoins like TerraUSD won’t be entertained as part of the region’s new stablecoin legislation. Over the last few months, Hong Kong has been working to revive its cryptocurrency market and has been looking to establish itself as a major crypto hub in Asia. As part of this development, Hong Kong is all set to introduce mandatory licensing for stablecoin issuers said its top financial regulator earlier today, January 31. Stablecoin Licensing This means that all those regulated crypto entities operating in Hong…
Beleaguered crypto trading firm Alameda recently filed a lawsuit against defunct crypto broker Voyager over repaid loans. Defunct crypto trading firm and FTX sister Alameda Research has hit bankrupt crypto broker Voyager Digital with a $446 million lawsuit. As it stands, Alameda seeks to recover the mammoth sum in repaid loans to the troubled digital asset manager. Alameda filed the lawsuit relating to loans against Voyager this month at the US Bankruptcy Court for the District of Delaware. According to the FTX sister firm, Voyager made these loans before its bankruptcy in…
In a letter sent to Silvergate on Monday that was viewed by Bloomberg, the senators asked Silvergate about its connections to the collapsed crypto exchange, saying the firm’s previous responses to similar questions in December were “evasive and incomplete.” Source BankBloombergCryptoFTXPressSenatorsSilvergateTies CryptoX Portal