Day: October 15, 2023

Maker tokens worth over $8m transferred to unknown wallet

A transfer of 6,000 Maker (MKR) tokens, valued at more than $8.4 million, has been moved from the Binance cryptocurrency exchange to an unknown wallet.ย  Crypto whales accumulate MakerDAO On Oct. 15, a transfer of 6,000 Maker tokens โ€” equivalent to $8,486,455 โ€” occurred, according to Whale Alertas. The tokens were moved from Binance, one of the leading cryptocurrency exchanges, to an unidentified wallet shrouded in mystery. In recent months, data regarding Maker has shown a series of notable deposits, swaps, and accumulations conducted by prominent players in the cryptocurrency…

Australian Treasury proposes to regulate crypto exchanges, not tokens

The Australian federal government is charging forward with plans to regulate the digital asset sector at the exchange level, and may soon require cryptocurrency exchanges to hold a financial services license issued by the local financial regulator. In the newly-unveiled โ€œRegulating digital asset platformsโ€ consultation paper, released on Oct. 16, the Australian Treasury said that the new regulatory framework aims to address consumer harms while still supporting innovation in the digital asset sector. Regulating digital asset platforms proposal. Source: The Australian Government Treasury The core theme of the new regulatory…

Crypto exchanges to fall under TradFi licensing โ€” Australian Treasury proposal

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The Australian federal government may soon require cryptocurrency exchanges to hold a financial services license issued by the local financial regulator, the Australian Securities and Investment Commission (ASIC).ย  In the newly-unveiled โ€œRegulating digital asset platformsโ€ consultation paper, released on Oct. 16, the Australian Treasury said that the new regulatory framework aims to address consumer harms while still supporting innovation in the digital asset sector. Regulating digital asset platforms proposal. Source: The Australian Government Treasury The core theme of the new regulatory framework is that it aims to regulate cryptocurrency exchanges…

Best Time to Buy Ethereum Could Be Soon: Last Cycle Suggests

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Ethereum has been in a descending channel against Bitcoin since August of last year, meaning Bitcoin has been the better investment over this time. However, historical trends show the tides could be changing soon, with Ethereum possibly on the brink of entering an accumulation phase. Ethereum Price Action Ethereum is trading at $1600, marking a 22% decrease from its price last August. Bitcoin, on the other hand, is 8% up over the same period. This is a common trend that happens during bear markets. Coins with larger market capitalizations tend…

Decentralized finance is changing our everyday lives

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.newsโ€™ editorial. Decentralized finance (defi) is no longer confined to the digital world. As we look around at some of the most important present-day issues, from buying a house to fighting climate change, defi is increasingly playing a crucial role. Some may be skeptical, given how overhyped defi has been in the past. This is understandable. But it only takes a simple look around to see defi making a…

Latin America crypto wave helps offset economic instability

In the face of economic turbulence, Latin American countries are increasingly turning to cryptocurrency as a perceived lifeline. South American nations are leading the charge in crypto adoption per capita, leaving behind many larger developed economies like the U.S. and the European Union (EU). Regulatory responses to crypto adoption in the region vary, from El Salvador rolling out a regulatory framework to Bolivia, where crypto has been banned. Despite these challenges, Latin America contributed 9.1% of the global crypto value received in 2022, marking a 40% growth between July 2021…

ApeCoin (APE) Set For Upcoming Token Unlock, Bearish Pressure To Worsen?

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ApeCoin (APE) will undergo a token unlock valued at $16.69 million. This development comes amidst the tokenโ€™s bearish price action, which has led to it losing half its market value in Q3 2023.ย  15.60 Million ApeCoin (APE) Set To Flood The Market Next Week According to data from TokenUnlocks, ApeCoinโ€™s next token unlock is set to occur on October 17, during which the ApeCoin DAO will release 15.60 million new APE tokens into circulation.ย  This will mark the tenth APE token unlock in 2023, as this event occurs on the…

Coinbase Pushes SEC To Respond to Crypto Exchangeโ€™s Petition for Rulemaking Within 30 Days

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Top US crypto exchange Coinbase is attempting to force the U.S. Securities and Exchange Commission (SEC) to respond to a rulemaking petition created by the firm last year. Coinbase chief legal officer Paul Grewal tells his 50,100 followers on the social media platform X that the crypto company is asking the SEC to clarify exactly how securities laws apply to digital assets. According to Grewal, the SECโ€™s previous update on the matter wasnโ€™t good enough and Coinbase wants a proper response within 30 days. โ€œWeโ€™ve filed our response with the…

Bitcoin signals potential range expansionโ€” Will SOL, LDO, ICP and VET follow?

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The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However, the Bitcoin (BTC) bulls did not have any such luck as Bitcoin is on track to end the week down more than 3%. Bitcoinโ€™s weakness and the regulatory overhang have kept crypto investors away from altcoins.…

SEGA, double jump.tokyo hyped about blockchain gaming

SEGAโ€™s co-COO Shuji Utsumi and Double Jump Tokyo CEO Hironobu Ueno expect a future where blockchain technology is prevalent across the gaming industry. In a recent interview with Japanese publication Dengeki Online, Utsumi and Ueno gave their collective insights into the progress of the highly anticipated game, Battle of Three Kingdoms, which integrates non-fungible tokens (NFTs) into its gameplay. Both Utsumi and Ueno acknowledged the potential for blockchain technology to revolutionize the gaming industry. While Ueno detailed how the complexity of blockchain technology has made early adoption a challenge, he…