Month: September 2023

What is Gala Games and how to buy GALA coin?

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Echoing the momentum of GameFi (gaming and finance) and the great success of Axie Infinity, Gala Games was launched in 2019 to pursue technology development and innovation in play-to-earn (P2E) blockchain gaming. The global market size of blockchain gaming exceeded $4.6 billion in 2022 and is expected to reach around $65.7 billion by 2027, establishing itself as one of the most promising sectors revolutionized by blockchain technology. Gala Games offers players a plethora of blockchain games that encourage players to gain in-game rewards and earn cryptocurrency and nonfungible tokens (NFTs).…

U.S. SEC Rips Into Binance.US Over ‘Shaky’ Client Asset Custody, Ties to Ceffu

In June, the watchdog sued Binance.US, the exchange’s global parent Binance Holdings and founder Changpeng “CZ” Zhao, alleging they ran an unlicensed securities exchange. The SEC’s findings in the case so far demonstrate “the urgent need for an inspection,” Monday’s filing said, as the regulator restated its worries about Binance’s use of custody platform Ceffu. Source

Coinbase’s BASE Shows Teeth As TVL Nears Solana

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Ethereum-based Layer 2 network “Base” has put on an impressive performance yet again, with its Total Value Locked (TVL) coming close to one of the most notable blockchains. Coinbase’s BASE Has Outperformed Solana Coinbase’s layer 2 blockchain network, Base, has seen an upward trajectory movement since it was introduced to the public, outperforming some of the notable blockchains in the crypto market. The network is now drawing close to Solana in terms of TVL, indicating remarkable growth within the network. Data from DeFiLlama shows that the blockchain network now sits…

Tether launches testing phase for Bitcoin mining platform

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Paolo Ardoino, chief technology officer of Tether, announced the launch of the testing phase for Moria, the company’s Bitcoin mining platform. In a posting on X (formerly Twitter), Ardoino declared the platform has achieved a significant milestone during this phase by deploying its initial batch of containers and miners, including extended control over PDU management and miner interaction. A commitment to security Testing @Tether_to Moria #bitcoin mining platform with first containers and miners.All PDU management, interaction with miners (set frequency, power, etc) is now fully controlled by the software.All write…

Senator Elizabeth Warren’s Crypto Money Laundering Bill Gains Momentum as More Sign On

The wide-ranging bill, introduced in July, would – among other things – extend anti-money-laundering requirements from the Bank Secrecy Act to providers of digital assets wallets, crypto miners, validators and other network participants. One of its original co-sponsors was Sen. Joe Manchin (D-W.V.), who has often occupied a middle ground between the parties on important legislative issues, and two Republicans also supported it from the start: Roger Marshall (R-Kan.) and Lindsey Graham (R-S.C.). Source

Decentralized finance needs alternatives to blockchain

One of the laziest and most frustrating criticisms of digital currencies — particularly Bitcoin (BTC) — is when pundits liken it to a pyramid scheme dependent on the “greater fool” joining to make a quick buck. While some people do indeed purchase digital assets purely for speculative purposes, it’s unfair to ignore many of the great services and achievements that are being made by developers in areas such as remittances, logistics, financial inclusion and intellectual property. A fairer criticism of blockchains is that, for all proponents say about decentralization, blockchains…

Malta Begins Public Consultation to Align Crypto Rulebook to MiCA

Aside from the EU, Hong Kong and the United Kingdom have also made progress with crypto regulation. Malta’s Financial Services Authority (MFSA) has begun a public consultation on the proposed changes to its crypto rulebook. The regulator circulated a draft document representing the revised version of its crypto regulation on Monday. Malta issued the rulebook for the first time in February 2019. Since then, the document has passed through five revisions to align it with best practices globally. The current attempt seeks to align the rulebook with the Markets in…

Why Is Bitcoin Price Up Today? BTC Climbs Above $27,000

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The Bitcoin price is sustaining its bullish momentum from the previous day. Today, it surpassed the $27,000 threshold, a level not seen since August 31. Notably, BTC recorded its first green weekly closing candle in five weeks yesterday. As of press time, the Bitcoin price has reached an intra-day high of $27,267. Why Is Bitcoin Price Up Today? One major indicator that has captured analysts’ attention is the rapid increase in Open Interest. DaanCrypto, a noted figure in the crypto space, commented on the Open Interest of Bitcoin: “Bitcoin Open…