Day: August 16, 2023

Ledger partners with PayPal to enhance Bitcoin, crypto purchase

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ledger, the manufacturer of hardware wallets, has unveiled a strategic on-ramp integration with PayPal, a payment processor. With Ledger Live, users can purchase crypto using fiat and transfer them directly to their Ledger cold wallets. A new featured payment solution In a blog post on Aug. 16, Ledger highlighted their joint intention of offering the broader crypto community with a secure and convenient platform to buy various crypto assets, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash…

Toncoin Investors Load Up Bags As Majority Of Crypto Nosedive

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Toncoin (TON) has showcased healthy market status since the end of last week. According to historical data from TradingView, it witnessed a consecutive bullish trajectory from August 11, 2023, until today, August 16. The upward movement drew the attention of investors, resulting in a price increment of over 12% gain in the past seven days. Notably, the latest developments within Toncoin’s ecosystem could be the reason for the market uptick in the past few days.  However, TON’s market value today, August 16, is $1.44, representing a price drop of over…

Coinbase gets approval to offer crypto futures in US

Crypto exchange Coinbase has received the green light from the National Futures Association (NFA) to offer crypto futures to eligible customers in the US.  The company’s subsidiary, Coinbase Financial Markets Inc., will operate as a futures commission merchant (FCM) and offer access to crypto futures from its platforms.  The approval, described as a “critical milestone” by Greg Tusar, Coinbase’s vice president of institutional product, allows the exchange to directly offer traditional spot crypto trading alongside regulated and leveraged crypto futures for verified customers. Tusar also emphasized that the global crypto…

How PayPal Upended the Crypto Debate in Washington D.C.

Had it succeeded, Diem would have presented two challenges, which were discussed publicly at the time, for the federal government to wrestle with. Libra’s stablecoin would have launched when the U.S. lacked a comprehensive regulatory framework for stablecoins, meaning it would exist in a legal and regulatory gray space. And, while that reality would pose a challenge to the federal government, other stablecoin projects have and will exist in the same regulatory gray space. What was different about Diem was that its regulatory challenge would have been turbocharged by the…

SwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reported

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Base, Coinbase’s new layer 2, has been fully operational for a week and has already seen an influx of bad actors. In the latest incident, crypto lender SwirlLend, formerly active on Base and Linea, has apparently carried out an exit scam, otherwise known as a rug pull.  PeckShield reported in a post on X (former Twitter) on Aug. 16 that SwirlLend transferred around $289,500 worth of cryptocurrency from Base. It later transferred 94 Ether (ETH) from Linea as well, bridging the crypto to Ethereum. It then created a new token…

Binance.US request for protective order against SEC goes to magistrate judge

A federal judge overseeing the civil case between the United States Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ) has ordered a motion for a protective order to go to a magistrate judge. In an Aug. 16 filing in U.S. District Court for the District of Columbia, Judge Amy Berman Jackson said she would be referring a motion for a protective order against the SEC filed by lawyers for Binance.US to Magistrate Judge Faruqui for a resolution. Binance.US’ legal team filed the…

Are Bitcoin Whales Selling? This Metric May Suggest So

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On-chain data shows the Bitcoin exchange whale ratio has spiked, a sign that the whales may be selling now. Bitcoin Exchange Whale Ratio Has Gone Up In Recent Days An analyst in a CryptoQuant post explained that the whale inflows have been higher than usual recently. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top 10 inflows to exchanges and the total exchange inflows. Generally, the ten most significant transactions going to exchanges are coming from the whales, so this ratio’s value…

Fantom DEX rescued at eleventh hour following planned shutdown

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SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain. In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power, a fellow nonfungible token platform and DEX that is also based on Fantom. In consideration, Power will deploy 200,000 USD Coin (USDC) into the SpiritSwap treasury. “Initially, I had requested a deposit of 20-30K to the treasury to cover the essential costs of SpiritSwap. However, the Power team…

Shiba Inu DAO Gets Serious With New Advisory And Investment Firm

Shiba Inu, an Ethereum-based cryptocurrency, is bolstering its commitment to driving its ambitious goals in the crypto industry by appointing a new tech advisor. The move will see Alpha Transform Holdings (ATH) providing expertise and advice to the Shiba Inu DAO Foundation.  Strategic Partnership with Alpha Transform Holdings In a Twitter post released by Lucie, a Content Marketer for the Shiba ecosystem, it was revealed that Alpha Transform Holdings, a leading cryptocurrency advisory venture capital firm would be entering a counseling role for the foundation behind Shiba Inu DAO.  The…