Day: September 6, 2023

Bitop Exchange Launches Enhanced Crypto, Stocks, Commodities and Binary Solutions

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September 6, 2023 – Toronto, Canada Bitop, the regulated cryptocurrency exchange, has unveiled enhancements to its core products to better meet the needs of retail and institutional clients and position itself as a primary hub for crypto, commodities, binary and stocks trading. The exchange is aiming to attract traders exploring investment options in commodities, stocks, spot and derivatives via a user-friendly platform. As traders increasingly demand access to diverse investment products, Bitop has debuted a wide range of solutions that enable its users to enjoy low fees while managing a…

Google will allow ads for NFT games starting September 15

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Google has updated its cryptocurrency advertising policy to allow for blockchain-based NFT gaming advertisements as long as they don’t promote gambling or gambling services.  According to a blog post from Google, the new changes will go into effect starting Sep. 15 and will be restricted only to games that meet certain criteria: “NFT games that allow players to purchase in-game items, like virtual apparel for a player’s characters, weaponry, or armor with better stats, consumed or used in a game to enhance a user’s experience or aid users in advancing…

Bitcoin MVRV At Critical Support Line, Will Retest Be Successful?

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On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) ratio is nearing a retest that could be crucial for the asset. Bitcoin MVRV Ratio Is Nearing In On The 1.2 Level As an analyst in a CryptoQuant Quicktake post explained, the 1.2 level of the MVRV ratio has historically been a support line for the cryptocurrency. The “MVRV ratio” is an indicator that measures the ratio between the Bitcoin market cap and the realized cap. The “realized cap” here refers to a capitalization model for BTC that assumes…

DeFi’s Zero Credit Risk Model & Transparency Boost for Structured Products – A Game-Changer for Global Adoption

Credit risk is part of just about every financial asset in traditional markets, but not so in DeFi. Everything from mortgages to CME corn futures, German bunds and Amazon gift cards has an embedded credit component (and cost). In DeFi, however, your credit record is entirely irrelevant. Your borrowing power in AAVE, for example, is determined only by the value of the collateral you put in. If it falls beyond the threshold and the smart contract functions correctly, your position is liquidated. There is no recourse, no one to call,…

Wealth Managers Embrace Tax-Optimized Separately Managed Accounts for Direct Ownership and Professional Management

Separately managed accounts have been growing rapidly over the past 10 years, with assets under management growing from $550 billion in 2011 to $1.7 trillion in 2021. Wealth managers chose SMAs due to the key advantages of tax optimization, direct ownership, professional management and customization. For those same reasons, the wealth management market is steadily adopting crypto SMAs as the vehicle of choice to invest in this emerging asset class. Below are some of the benefits: Source

Binance Russia execs leave amid ongoing rumors of market exit

Two Binance executives announced they were leaving the company amid the rumors of the major exchange possibly exiting Russia. Binance’s head of Eastern Europe and CIS, including Russia, Gleb Kostarev, announced in a Sept. 6 LinkedIn post that it was his last day at the company. “Friends, today is my last day at Binance. I am stepping down from my role as VP, Head of Eastern Europe, CIS, Turkey, and ANZ (a few months ago, I also stopped covering APAC).” Gleb Kostarev Similarly, Binance General Manager for Russia and CIS…

D3 Raises $5M to Drive Web3 Adoption through Digital Domains

D3 Global, an emerging domain name company, closed a $5 million seed funding round led by Shima Capital. D3 aims to transform domain names into the foundational layer of the internet and bridge Web2 and Web3 with secure digital identities. On September 5th, the emerging domain name company D3 Global announced the successful closure of a $5 million seed funding round. This round was led by Shima Capital, along with several other financing companies and funds such as Maelstrom by Arthur Hayes, Lightshift, Dispersion Capital, VentureSouq, Infinite Capital, among many…