The C-chain is home to Avalancheโs DeFi community, as thatโs the chain that hosts smart contracts and is used with MetaMask. The X-chain is the exchange chain, and is used to send funds back and forth, while the P-chain is the platform chain and is used for staking AVAX and serving as a validator. Source link
Metamask users in Nigeria can now directly and instantly buy crypto assets within the mobile app, Consensys and its Web3 infrastructure partner Moonpay have said. According to a Consensys executive, rolling out this feature helps to reduce friction while bringing down barriers that block or stop Nigerians from embracing Web3. Purchasing Crypto via Instant Bank Transfers Consensys, one of the leading Web3 firms, has said users of the Metamask wallet in Nigeria can now directly purchase crypto assets within the mobile app. To help it make this possible, Consensys partnered…
CryptoX – Cryptocurrency Analysis and News Portal Social media stars wouldnโt be allowed to shill unlicensed crypto under anti-scam plans voted on by the National Assemblyโs Economics Committee Wednesday Source The post French Lawmakers Agree to Effectively Ban Crypto Influencer Promotions appeared first on CryptoX. CryptoX Portal
Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub.ย Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20 in line with its ambitions to become Asiaโs next crypto hub. Independent Reserve co-founder and CEO, Adrian Przelozny told Cointelegraph the โfriendlyโ licensing regime makes Hong Kong a worthy destination to set up a new base, something his firm…
Brian Armstrong, the CEO and co-founder of crypto exchange Coinbase has compared the Securities and Exchange Commission (SEC) to โsoccer refsโ in a game of pickleball, criticizing U.S. regulators for not being able to โagree on the rulesโ of โthis new game.โ The comments came after Armstrong revealed that his firm had been issued a Wells Notice on March 22 โ which he had noted โtypically precedes an enforcement action.” 1/ Today Coinbase received a Wells notice from the SEC focused on staking and asset listings. A Wells notice typically…
The United States commodities regulator has gotten a crash course on decentralized finance (DeFi) today, with crypto executives briefing the regulator on key issues affecting the space, including exploits, decentralization and digital identities. As part of a scheduled first meeting of the CFTCโs Technology Advisory Committee (TAC) in Washington D.C., members from the crypto space gave presentations to the regular with the aim of covering key issues currently impacting DeFi. CFTC commissioner Christy Goldsmith Romero opened the meeting with prepared remarks, saying โunderstanding how DeFi worksโ is โimportantโ as โpolicy…
On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from the crypto derivatives platform Bitget. Bitkeep now has an overall valuation of $300 million, with goals aimed at strengthening the links between decentralized finance (defi) and centralized finance (cefi). Bitget Invests $30 Million in Bitkeep; Wallet Firm Is Now Valued at $300M Crypto derivatives exchange Bitget has announced that it has invested $30 million in the multichain wallet company Bitkeep, making it the startupโs controlling stakeholder. Bitget detailed on Wednesday that the wallet will gain access to the…
CryptoX – Cryptocurrency Analysis and News Portal Banking enforcement targeting legal crypto businesses appears to violate the FDIC’s mandate. It may also be amplifying financial contagion. Source The post The Reality Behind the Crypto Banking Crackdown: โOperation Choke Point 2.0โ Is Here appeared first on CryptoX. CryptoX Portal
U.S. Senator Ted Cruz has introduced โlegislation to prohibit the Federal Reserve from developing a direct-to-consumerโ central bank digital currency (CBDC). The lawmaker warned that it โcould be used as a financial surveillance tool by the federal government.โ Another senator stressed: โThe American people ought to be able to spend their money how they choose without the possibility that every transaction could be tracked by the government.โ Senator Ted Cruzโs CBDC Bill U.S. Senator Ted Cruz (R-TX) announced Tuesday that he has reintroduced โlegislation to prohibit the Federal Reserve from…
The CTO of cryptocurrency exchange Bitfinex expects the much-awaited El Salvador bitcoin volcano bonds to be on the market between June and September this year after the countryโs congress voted in favor of legislation that will provide the legal framework for the issuance of the bitcoin (BTC) backed bond. Bitcoin volcano bonds set to go on the market Speaking at the Paris Blockchain Week 2023, the chief technology officer of crypto exchange Bitfinex, Paolo Ardoino, hinted that El Salvadorโs bitcoin-powered bonds known as volcano bonds will launch between June and…