Month: July 2023

5 peer-to-peer (P2P) lending platforms for borrowers and lenders

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Peer-to-peer (P2P) lending, which links borrowers and investors directly, has become a well-liked substitute for traditional banking. P2P lending networks enable decentralized lending, in which people can borrow money from other people or institutions directly without the use of intermediaries, such as banks. Both borrowers, who can receive loans with flexible terms, and investors, who can earn competitive returns on their investments, can profit from this lending arrangement. This article will look at five decentralized P2P lending services that let lenders and borrowers become involved in this expanding market. Aave…

Binance lays off over 1,000 employees amid regulatory hurdle

Binance is reportedly laying off over 1,000 employees as part of a restructuring effort that could result in a reduction of more than a third. Wall Street Journal shared an insight on June 14. According to an unnamed Binance spokesperson, 1,000 people have already been laid off. They added that up to 3,500 people will lose their positions in Binance by the end of 2023. A week earlier, several senior executives, including chief strategy officer Patrick Hillmann and general counsel Hong Ng, also shared their departure from the company. Moreover,…

SEC accepts BlackRock’s Bitcoin ETF application, signaling regulatory review

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The United States Securities and Exchange Commission (SEC) has accepted https://www.sec.gov/rules/sro/nasdaq.htm application for a spot Bitcoin (BTC) exchange-traded fund (ETF) following its acknowledgment of a similar application by Bitwise the day before. The SEC’s acknowledgment indicates the commencement of the official review process for BlackRock’s ETF proposal. While it is an initial step in a lengthy regulatory journey, it holds great importance for the Bitcoin community. The SEC’s readiness to explore the idea of a Bitcoin ETF and assess its potential market effects is evident from this acknowledgment. ETFs are…

DigiToads features helped litecoin, XRP, and bitcoin cash survive multiple bear runs

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Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH) are established cryptocurrencies that were also not immune to challenging market conditions marked by extended price dumps and slumping interest in the recent past. However, DigiToads, a new crypto project, plans to roll out distinctive features that leave an impression on the broader industry. DigiToads investors can benefit by holding TOADS, its native token. The platform will introduce a non-fungible token (NFT) marketplace for collectors to buy popular NFTs.  Additionally, it organizes trading contests, one of the multiple reasons investors are flocking…

The Flash goes Web3, Yuga Labs still working hard on ‘audacious’ Otherside project and more

Warner’s The Flash goes Web3, to a lack of applause… Warner Bros.’ nonfungible token (NFT) unit has unveiled a new Web3 experience for the recently released DC Comics superhero movie, The Flash, which reportedly flopped at the box office. According to an announcement from Warner Bros. Digital Collectibles, The Flash Web3 Movie Experience will launch on July 18 and include NFT collections, augmented reality experiences, access to behind-the-scenes content and the entire film in 4K ultra HD, to name a few. The Flash Web3 experience. Source: Warner Bros. Digital Collectibles. The…

The Flash goes Web3, Yuga Labs still working hard on ‘audacious’ Otherside project and more…

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Warner’s The Flash goes web3, to a lack of applause…. Warner Bros.’ NFT unit has unveiled a new Web3 experience for the recently released DC Comics superhero more The Flash, which reportedly flopped at the box office. According to an announcement from Warner Bros. Digital Collectibles, The Flash Web3 Movie Experience will launch on July 18 and will include NFT collections, AR experiences, access to behind-the-scenes content and the full film in 4K Ultra HD, to name a few. The Flash Web3 experience. Source: Warner Bros. Digital Collectibles. The project…

Twitter is closer to integrating crypto, dogecoin and digitoads likely to rally

Elon Musk, a known advocate of cryptocurrencies, has previously expressed his intention to incorporate crypto payments into Twitter, and recent developments suggest that this vision is inching closer to reality.  Twitter recently obtained three official licenses to operate as a Money Transmitter in three US states, indicating a significant step towards integrating payment features within its app. If crypto payments are added on Twitter, Musk’s favorite meme coins, Dogecoin and DigiToads, might be the first two payment options on the app. Therefore, expecting a price rally of these assets is pretty logical.…

Polygon to replace MATIC with POL token 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Polygon has announced plans to replace its native MATIC token with POL as part of the Polygon 2.0 upgrade. POL will serve as an instrument of coordination and growth of the Polygon 2.0 ecosystem and the main driver of the project’s vision to become the value layer of the Internet. Polygon unveils POL  Having recently announced the gradual rollout of its network upgrade dubbed Polygon 2.0, the Sandeep Nailwal-led Ethereum layer-2 scaling network is now set…

Former FTX CEO wants to exempt friends from security checks

Former FTX CEO Sam Bankman-Fried wants his close friends to visit him at his parents’ home without undergoing security checks.  On July 13 Bankman-Fried’s lawyers submitted a letter to New York District Court Judge Lewis Kaplan, seeking an exemption for court-approved visitors from the security measures mandated in his bail conditions. The current bail conditions mandate the presence of a security guard at the residence to screen visitors for electronic devices and the requirement for visitors to sign an electronic visitor log. However, Bankman-Fried’s legal team argued that only his…

Allowing Coinbase to go public was not a ‘blessing’ of the business: SEC

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The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm’s S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant. In the interest of transparency, here is the transcript from our hearing yesterday in the SDNY case brought against us by the SEC. We appreciate the Court’s careful consideration. https://t.co/NEEsr05fos — paulgrewal.eth (@iampaulgrewal) July 14, 2023 As per July 13 court documents from the pre-motion hearing of the SEC vs Coinbase case,…