Day: March 1, 2023

Coinbase CEO reiterates that ‘staking’ products aren’t securities

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Coinbase CEO Brian Armstrong has attempted to quell speculation that his exchange’s staking products should be classified as securities — upping the ante in the ongoing debate around crypto regulations with the United States Securities and Exchange Commission, or SEC. In a televised interview with Bloomberg on March 1, Armstrong said, “Our staking product is not a security,” referring to cryptocurrencies that can be staked directly on the exchange to generate yields. He continued: “Customers never turn their assets to Coinbase for instance. And we really just are providing a…

Price analysis 3/1: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin started March on a positive note, but historically the month has recorded mediocre gains, which could be an early warning sign for crypto investors. Bitcoin (BTC) was marginally positive in February even though the S&P 500 index (SPX) fell by 2.61%. On the first day of March, Bitcoin has started on a positive note while the United States equities markets are struggling. This shows that Bitcoin is trying to decouple from the U.S. equities markets. A positive sign is that retail traders seem to have made the most of…

Polygon Rolls Out Zero-Knowledge Privacy-Enhanced Identification Product

Polygon specializes in scaling solutions for the Ethereum blockchain, including the popular Polygon PoS sidechain. According to the company, the new Polygon ID “toolset can be used by developers to unlock features such as an enhanced signup user interface, assist in regulatory compliance, help verify user identities and restrict access control to certain areas or features via token-gating.” Source

Top US Treasury Official Says Leaders ‘Actively Evaluating’ Digital Dollar Question

Setting up a digital dollar, she said, “could help preserve the dollar’s global role” and possibly reduce frictions in cross-border transactions. But even if the U.S. doesn’t issue one, she said, government officials are exerting influence with U.S. allies toward “responsible development of CBDCs” in other places, noting that 11 jurisdictions have already moved ahead with their virtual currencies. Source

The Simple Way to Profit From Crypto Betting – Sponsored Bitcoin News

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sponsored Logium, an ambitious newcomer to the world of crypto betting, has recently undergone a noteworthy refresh to better serve its users. What is Logium? Logium is a peer-to-peer platform that allows traders to bet with each other on whether the price of an asset will go up or down in value. Every trade on Logium is executed in P2P, with up to 5x leverage. The platform has no access to users’ funds and only withholds a small (up to 5%) fee from the winning side of the bet, adhering…

Chainlink’s New Platform Will Help Connect Web2 With Smart Contracts

“Chainlink technology is an ideal way to provide smart contract developers anywhere in the world with direct, on-demand access to AP’s (Associated Press) trusted economic, sports, and election race call data.” Michael Fabiano, Vice President of Americas Media and Head of Global Business Development, told CoinDesk in a statement. “With the launch of Chainlink Functions, it will be easier-than-ever for AP licensed developers to integrate AP data with innovative smart contracts and deploy new use cases across leading blockchain networks.” Source

Binance Can’t Keep Its Story Straight on Misplaced $1.8B USDC

In the course of its investigation, Forbes interviewed Patrick Hillmann, Binance’s chief strategy officer. Hillmann’s explanation, included in the original story, seemed to be simply that the on-chain wallets understood to contain backing for Binance’s stablecoins are effectively meaningless. “There was no commingling” of customer funds, Hillman told Forbes, because “there’s wallets and then there is a ledger.” According to Hillman, this off-chain, internal ledger is what really tracks assets owned, or custodied, by Binance, with on-chain wallets acting as, in his words, mere “containers.” Source