“If the crypto community and crypto investors like me want to fit into the existing global financial services system, we have to tuck under the regulator,” he said. “I no longer have any interest in going to war with regulators, litigating regulators and suing regulators. That is not the future of crypto.” Source
Masa Finance’s soulbound tokens will soon be available on Coinbase’s Base network, according to an April 4 announcement from Masa Finance. The new tokens will allow users to link identifying and reputational characteristics to their wallet addresses, making credit underwriting possible on the blockchain, the company said. @getmasafi to Launch Soulbound Token Protocol & Developer Toolkit on @Build0nBase Blockchain With the Base SBT Developer Toolkit Masa will support the seamless deployment and interaction with SBTs on Basehttps://t.co/MA9RDWYBAA#SBT #web3 #Masa #Soulbound #nft #identity pic.twitter.com/bGRxTXxYqb — Wartask (,) (, ) (@Wartask1) April…
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Tether, the firm behind the largest stablecoin by market capitalization, reportedly allowed its clients to send funds through Signature Bank’s payments platform — granting the firm access to United States banks. According to an April 4 Bloomberg report, Tether had a pathway to the U.S. banking system by instructing its users to send dollars though Signature’s Signet to its Bahamian partner Capital Union Bank. The report cited “people with knowledge of the situation,” who added this system was in place at the time regulators took control of Signature in March.…
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time. Challenges Cited by Paxful CEO Ray Youssef Explain Why the P2P Bitcoin Exchange Is Suspending Its Marketplace On April 4, 2023, Paxful released a blog post stating that the peer-to-peer Bitcoin (P2P) exchange is suspending…
The two largest gold stablecoins – by far – are pax gold (PAXG), issued by the New York-based fintech firm Paxos Trust Company, and tether gold (XAUT), issued by Tether, the same company behind the $80 billion dollar-pegged stablecoin USDT. At the time of publication time, the market cap of PAXG and XAUT was standing at $518 million and $499 million, respectively, per CoinGecko data. Source
Fund managers have added about 4,000 bitcoins in recent weeks. Original
NFT marketplace OpenSea has unveiled OpenSea Pro, its new non-fungible token (NFT) marketplace aggregator aimed at serving the needs of professional users. OpenSea’s acquisition of NFT aggregator Gem in April 2022 enabled it to develop and refine Gem’s platform to create the new OpenSea Pro. Allow us to reintroduce ourselves Starting today, Gem V2, the best-in-class NFT aggregator, is now OpenSea Pro! ➡️⛵️ OpenSea Pro will still be run by the same Gem team you know & love, but with unified brands we are able to offer users MUCH more…
“This store will be an opportunity for us as a brand to gather key insights as we continue to explore the space,” Ralph Lauren’s chief innovation and branding officer David Lauren said in an interview with WWD. “We are in the early stages of our roadmap, but we see an exciting opportunity ahead across digital goods and virtual experiences to build upon our past touchpoints in the metaverse.” Original Source AcceptCryptoLaurenMiamiPaymentsRalphStore CryptoX Portal
A recent blog post from cryptocurrency exchange Coinbase indicates the vast majority of U.S. remittance fees for international transfers wouldn’t apply to similar transactions conducted using cryptocurrency. According to the exchange’s research, “The US average fee rate of 6.18%, means Americans’ average yearly spend is likely close to $12 billion on remittance fees.” The post goes on to state that the average transaction time for such remittances ranges from one to 10 days, while similar cryptocurrency transactions usually take around 10 minutes. Remittance payments represent a sort of ‘double whammy’…