Month: September 2023

Bitcoin lender Ledn to roll out ETH, USDT interest accounts

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Despite its roots embedded in Bitcoin (BTC) lending, lending platform Ledn has announced the launch of an Ether (ETH) yield offering following user requests for a shielded alternative to manually staking Ether. The Cayman Islands firm has added an ETH offering to its Growth Accounts products, which currently offers users ring-fenced facilities to earn interest on Bitcoin and USD Coin (USDC) deposits. An announcement shared with Cointelegraph highlighted user calls for a means to earn interest from ETH holdings without having to manually stake and manage Ether through liquid staking…

Coinbase campaign for sensible crypto policies hits coffee cans to ‘wake up’ regulators

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The Coinbase “Stand with Crypto” campaign has reached coffee cans as the exchange and industry stakeholders convened in Washington, D.C.  Coinbase handing out cold brew on Cap Hill pic.twitter.com/4vXWXB7zRJ — Eli Tan (@elitanjourno) September 27, 2023 On Sept. 27, Coinbase CEO Brian Armstrong and crypto entrepreneurs based in the United States went to Washington D.C. to persuade lawmakers to support a new set of rules for digital currencies.  These rules were approved by the Republican-led House Financial Services Committee and House Committee on Agriculture earlier in summer 2023. If the…

Coinbase campaign for sensible crypto policies hits coffee cans to ‘wake up’ regulators

The Coinbase “Stand with Crypto” campaign has reached coffee cans as the exchange and industry stakeholders marched to Washington D.C. to convince the country’s lawmakers to provide regulatory certainty to crypto.  Coinbase handing out cold brew on Cap Hill pic.twitter.com/4vXWXB7zRJ — Eli Tan (@elitanjourno) September 27, 2023 On Sept. 27, Coinbase CEO Brian Armstrong and crypto entrepreneurs based in the United States went to Washington D.C. to persuade lawmakers to support a new set of rules for digital currencies.  These rules were approved by the Republican-led House Financial Services Committee…

Bitcoin Price (BTC) Observers Warn of Risk Aversion as Oil Prices Top $93

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Higher oil prices are often transmitted to retail fuel prices, raising key inflation metrics like the Consumer Price Index (CPI). That, in turn, weighs over households’ disposable income. Less disposable income means weak consumption, economic growth, and less inclination to invest in high-risk, high-reward assets like bitcoin and technology stocks. It’s notable that Bitcoin’s positive correlation with stocks has recently made a comeback. Original

Tottenham Hotspur taps Chiliz blockchain for Web3 fan token

Tottenham Hotspur will become the latest Premier League team to tap into blockchain technology to issue and manage its own Web3 fan token to drive supporter engagement and rewards. Spurs will issue the fan token through Socios.com, the fan engagement platform built on the Chiliz blockchain that has attracted over 80 major sporting teams from different codes around the world. The platform enables teams to issue and manage fan tokens, digital collectibles and real world rewards, while users can participate in DAO-like decisions involving their favourite teams. Related: From cricket to…

Dogecoin Price Revival: How Increasing Demand At $0.060 Matters

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Dogecoin (DOGE) has recently displayed resilience as it found substantial buying support at the $0.059 level, a zone that has remained unbreached on a daily candle close for nearly a year.  This newfound buying activity hints at a potential challenge to the overhead resistance, marking a crucial juncture for the popular meme coin’s price trajectory. The cryptocurrency market often witnesses sideways trends, characterized by a lack of significant upward or downward movement. DOGE appears to be embracing this sideways movement, oscillating between the overhead trendline and the $0.059 mark. This…

Coinbase International launches perpetual futures trading for retail customers

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Coinbase International Exchange, a class F license holder from the Bermuda Monetary Authority (BMA), announced that it has received additional regulatory approval, allowing the platform to offer perpetual futures trading to non-US retail customers. Launched in May 2023, Coinbase International already offered crypto derivates services to institutional clients. With the latest regulatory approval, the crypto platform will begin to offer eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform in the coming weeks. The exchange notified that the Perpetual Futures accounts are maintained by Coinbase Bermuda Limited regulated…

Binance CEO CZ Denies Any Links to Mystery Company CommEX

CZ confirmed that Binance did encourage CommEX to have a similar design and technical features to Binance. Changpeng Zhao (CZ) has denied claims that he may be the owner of CommEX, a company whose identity continues to raise suspicion. CZ issued the disclaimer on Thursday in line with the growing speculations around the ownership of the mysterious company. Recall that earlier this week, CZ announced that Binance was leaving Russia. In the announcement, he stated that the decision has to do with an ongoing investigation of the company that’s being…

France Tests CBDC Cross-Border Payments with Singapore and Switzerland

As part of Project Marina, the three banks have collaborated with the Bank of International Settlements (BIS), for conducting CBDC cross-border settlements. The central banks of France, Switzerland, and Singapore collaborated with the Bank of International Settlements (BIS) to conduct a joint test for cross-border payments with central bank digital currencies (CBDCs). On Thursday, September 28, the central bank – Banque de France – issued a report. Payments in CBDCs Project Mariana, a collaborative effort involving the Banque de France, the Monetary Authority of Singapore, and the Swiss National Bank,…