Month: June 2023

Pro-Bitcoin Miami Mayor Files Paperwork for US Presidential Bid

While the Bitcoin community may support the Miami Mayor and cast their vote for him, his acknowledgment about not voting for Trump in the 2016 or 2020 elections could affect their decision. The Mayor of Miami and Bitcoin advocate Francis Suarez has signaled his intention to run for the US presidential position. As he joins the Republican race for the seat of president, Suarez has become the first Hispanic in the group. As the son of the city’s first Cuban-born Mayor, Miami voters have elected the Bitcoin bull twice. Currently,…

Banks’ Crypto Limits Yield Costly Side Effects, Blockchain Australia Warns

Crypto trade body Blockchain Australia, a prominent organization in the Oceanic country, has expressed concerns regarding the potential ramifications of imposing stringent regulations on the industry. In response to the Commonwealth Bank of Australia’s (CBA) recent decision to impose banking limits on crypto payments, Blockchain Australia warns of the possible adverse effects that such blanket restrictions could have. The trade body asserts that these measures could lead to “costly side effects,” urging for a more balanced approach to regulating the burgeoning bitcoin market.  As the debate surrounding digital currencies intensifies,…

Exchange Floats New Product for Mining BTC

Binance also disclosed that the BTC mining subscription service will only be active for 180 days or thereabout. The weight of regulatory pressure from the US Securities and Exchange Commission (SEC) appears to have little or no effect on the activities of crypto exchange Binance. This follows after the exchange recently announced the Binance cloud mining product and services. According to the announcement, the service goes live on Thursday, June 15th, and access to it will be subscription-based. That is, from Thursday, Binance users who would love to mine Bitcoin…

OKX to Add Dubai Staff After Winning MVP Preparatory License From VARA

“For OKX, we have always blocked U.S. customers and so we are not active in the U.S.,” Byun said. “We will make a decision about the U.S., when and if to enter that market, in an appropriate and compliant manner. But we think that outside of the U.S. there are huge opportunities. That’s what we love about Dubai, as well as the Bahamas and other territories such as Gibraltar, France, and the entire EU, as they come out with MiCA in 2024.” MiCA is the European Union’s Markets in Crypto…

Exchanges pledged $2.5B to user protection funds amid FTX’s collapse: Report

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According to a new report published by blockchain analytics firm Nansen on June 14, most reputable cryptocurrency exchanges adopted user protection funds amid the collapse of FTX. Together, exchanges such as Binance, OKX and Bitget have more than $2 billion combined in nominal fiat protection funds. Meanwhile, Huobi’s insurance fund is collateralized by 20,000 Bitcoin (BTC), while Coinbase grants up to 150,000 British pounds ($189,140) worth of insurance to U.K. customers’ accounts. The Nansen researchers wrote: “Proof of Reserves should become the minimum standard in the exchange industry, However, as…

ByBit plugs into ChatGPT for AI-powered trading tools

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ToolsGPT marries ByBit’s market data with ChatGPT’s AI to generate technical analysis, price data and trading metrics. Cryptocurrency exchange ByBit will look to leverage artificial intelligence (AI) to provide a host of new trading tools and metrics for users through an integration with ChatGPT. OpenAI’s highly acclaimed large language model chatbot has been used by a myriad of industries to provide innovative solutions and services. The cryptocurrency trading space could stand to benefit from the service as ByBit unveils its own AI-powered offering to cryptocurrency traders using the Dubai-based exchange.…

Cryptocurrency safe havens: digitoads, ethereum, and bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The long-term potential of most cryptocurrencies is difficult to assess. However, early investors in bitcoin (BTC) have benefited significantly from its growth. DigiToads is a newer cryptocurrency similar to bitcoin, including its meme appeal, play-to-earn (P2E), and non-fungible token (NFT) staking features. These could help DigiToads grow in popularity and value over time. DigiToads DigiToads has raised over $4.8 million in its presale, which indicates investor interest. The presale has been divided into several stages, with early investors…