Month: September 2023

Coinbase Secures License to List Crypto Perpetual Futures for Retail Users

By securing the latest regulatory approval, Coinbase would be able to offer its eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform. Coinbase International Exchange, holding a class F license granted by the Bermuda Monetary Authority (BMA), has disclosed that it has secured further regulatory clearance. This authorization now permits Coinbase to provide perpetual futures trading services to retail customers outside of the United States. This is a clear indication of Coinbase’s willingness to expand its footprint in the international market. Earlier this year in May…

Planetarium Labs goes Omnichain, launches BNB Chronicles

Planetarium Labs is a gaming company known for its immersive gaming experiences, web3 development, and mobility. One of its games, Nine Chronicles, was launched in 2020 and is the world’s first fully on-chain, open-source fantasy RPG game. Over 200,000 community members and gamers worldwide have come together to enjoy this game. As part of its omnichain vision, Planetarium Labs launched BNB Chronicles earlier this week – a web-based game that runs on the BNB Chain. The game was launched to celebrate Nine Chronicles’ omnichain expansion journey and its upcoming mobile release. Planetarium Labs…

Gemini Withdrew $282M Worth of Earn Users’ Funds before Genesis Collapse

Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users. In August of the previous year, cryptocurrency exchange Gemini transferred $282 million from its Earn users’ funds to its liquidity reserve, as stated by the company in response to a New York Post article published on Thursday, September 28. The article had claimed that the Winklevoss founders, Cameron and Tyler Winklevoss, withdrew over $280 million, whether from corporate or personal funds, as…

Ripple Walks Away from Deal to Acquire Fortress Trust Only a Few Weeks after Announcement

For reasons best known to Ripple and CEO Garlinghouse, the deal to acquire Fortress Trust is now off despite enthusiasm shown weeks ago. Barely three weeks after announcing its decision to acquire regulatory and tech infrastructure company Fortress Trust, Ripple is no longer interested in the deal. Ripple CEO Brad Garlinghouse made the announcement on X (formerly Twitter), specifying that the company will remain an investor in Fortress Trust. A few weeks ago, we signed a letter of intent to acquire Fortress Trust – we’ve since made the decision not to move…

Ray Dalio Says US Will Experience Debt Crisis and Possible Growth Plunge to Zero

According to Ray Dalio, the debt crisis could crash US growth, and happen happen as quickly or as delayed as supply and demand dictate. American hedge fund manager and billionaire investor Ray Dalio believes that the US is in a precarious fiscal situation. According to Dalio, a debt crisis is looming. Speaking to CNBC’s Sara Eisen, Dalio said: “We’re going to have a debt crisis in this country. How fast it transpires, I think, is going to be a function of that supply-demand issue, so I’m watching that very closely.”…

PayPal Files Patent Application for NFT Purchase and Transfer

According to PayPal, its system could use any currency. The company has already added numerous blockchain-related features to its platform, including the MetaMask Wallet, PayPal USD, and Ethereum. Online payments giant PayPal Holdings Inc (NASDAQ: PYPL) has applied for a non-fungible token (NFT) marketplace to purchase and transfer NFTs, both on- and off-chain. Filed back in March and published last week, the application describes a means of carrying out transactions with NFTs. It is still pending approval at the United States Patent Office. According to PayPal, its own NFT marketplace would…

Maker Inks 20% Price Advance, Leads Top 50 Coins Today

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Maker (MKR) is currently making waves in the cryptocurrency market with an impressive surge in value. Over the past month, MKR has exhibited remarkable growth, experiencing a substantial 40% increase in price. Today, the crypto flexes its muscle and leads the roster of top 50 coins. One noteworthy development amidst this rally is the strategic maneuver executed by a prominent crypto whale. This entity recently deposited 3,527 MKR tokens on the Binance exchange, capitalizing on the upward trajectory of MKR’s price.  This shrewd move has boosted the whale’s total MKR…

Russia building blockchain system for international settlements

Russian Prime Minister Mikhail Mishustin announced on Sep. 28 that the country is developing a blockchain-based system for international settlements using digital financial assets (DFA), which are tokenized versions of traditional financial instruments. Speaking at the Moscow Financial Forum, the Prime Minister said that the Russian government alongside the Bank of Russia has prepared the law framework for the system, according to a report from TASS, Russia’s state news service. “We are currently working on launching cross-border payments based on blockchain technology using digital financial assets and utilitarian digital rights.”…

Circle Intervenes in Binance’s SEC Case, Argues Stablecoins BUSD and USDC Aren’t Securities

“Payment stablecoins, on their own, do not have the essential features of an investment contract,” meaning they fall outside of SEC jurisdiction, Circle’s filing said. “Decades of case law support the view that an asset sale — decoupled from any post-sale promises or obligations by the seller — is not sufficient to establish an investment contract.” Source