Such rewards have been made possible as the platform was the biggest recipient of Arbitrum’s arb (ARB) token grant following a community vote in October. Source
SOL, XRP, DOGE Yields on GMX Jump up to 75% as Arbitrum Incentives Go Live
Day: November 8, 2023
Stablecoin Issuer Circle Considers Going for IPO in 2024
A Circle spokesperson confirmed that a public listing is not exactly far from the firm’s aspirations. Circle, the issuer of the USD Coin (USDC) stablecoin, is reportedly in talks with its advisers over an initial public offering (IPO) for early 2024. According to Bloomberg, which cited sources with inside knowledge about Circle, the deliberations may or may not end up in a public listing. If it does go public, however, sources did not share what valuation Circle is expected to hit. But the valuation likely remains around the $9 billion…
An in-depth look at the regulatory landscape of privacy coins
As the crypto space continues to evolve, regulatory scrutiny is shifting towards privacy coins, with authorities wary of their misuse in activities such as money laundering. Unlike mainstream digital currencies such as Bitcoin (BTC) or Ethereum (ETH), privacy coins are specifically created to offer users greater anonymity and privacy for their transactions. This article delves into the complex regulatory environment surrounding such coins and explores their impact on the world of crypto. What is a privacy coin? Contrary to popular belief, cryptocurrencies are not wholly anonymous; instead, they mostly offer…
Blockchain’s positive impact on sustainable development: Solana Breakpoint
Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources. Cointelegraph delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating a panel featuring three speakers that are intimately involved in projects leveraging blockchain technology to work towards meeting sustainable development goals (SDGs) around the world. The Smith School of Enterprise and the Environment defines a regenerative economy as a…
Cloud firm Datadog Beats Street Q3 2023 Estimates, DDOG Stock Price Shoots 28%
Datadog has further given an optimistic outlook for the entire year of 2023 while forecasting Q4 revenue between $564 million and $568 million. On Tuesday, November 7, cloud monitoring software firm Datadog Inc (NASDAQ: DDOG) reported stronger-than-expected results for Q3 2023 following which its stock price shot up by 28%, thereby registering the highest-ever single-day gains. Datadog Performance in Q3 2023 The company reported Q3 2023 revenue of $547.5 million, marking a 25% year-over-year increase and surpassing estimates. This growth rate aligns with Q2 results. Analysts, surveyed by LSEG (formerly…
Swiss crypto bank SEBA gets Hong Kong SFC license
Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC). SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region. According to the data available on the SFC website, SEBA received the license on 3rd Nov. SEBA SFC license details. Source: SFC The license makes way for SEBA in dealing and distribution of all securities, including virtual assets-related products such as over-the-counter (OTC) derivatives. The…
Rockstar Games to Unveil GTA 6 Soon amid Rumors about Crypto Reward System
Leaks suggest that players may earn and trade in-game cryptocurrency as part of their gameplay experience, potentially including Bitcoin (BTC) as a payment method and reward token. Fans and investors are buzzing with excitement as Rockstar Games, a division of Take-Two Interactive Software Inc, is rumored to be gearing up for the announcement of the highly anticipated Grand Theft Auto VI (GTA 6) as early as this week. Anticipation of GTA 6 The news comes from inside sources, and while Rockstar has not officially confirmed the announcement, the gaming community…
Ninety Eight Unveils $25M Arche Fund Focused on Web3 Startups in Asia
Ninety Eight, recently rebranded from Coin98 Finance, intends to offer web3 developers with tools and funds to build on its new layer blockchain Viction and utilize its native token $C98. In a bid to mark a new milestone of rebranding from Coin98 Finance to Ninety Eight ($C98) and to empower a new generation of Web3 developers, an ecosystem fund dubbed Arche Fund with $25 million up for grabs has been unveiled. According to the announcement, the Arche Fund will only focus on Web3 projects in Asia, with applications open for…
CBDCs ‘Central’ to Innovating Financial Systems: BIS Chief Agustín Carstens
“Whether in wholesale form – as a type of digital central bank reserve – or retail form – as a digital banknote – it is increasingly clear, at least to me, that these new forms of money will sit at the core of the future financial system,” Carstens said in a speech at a conference on CBDCs in Basel, Switzerland on Wednesday. Source
Bitcoin price surpasses $35k again despite whale activity drop
Bitcoin (BTC) whale activity has dropped while the asset’s price surged to $35,000, with short positions still dominating. According to data from the market intelligence platform Santiment, whale transactions of at least $100,000 worth of BTC declined by 7.8% over the past 24 hours — dropping from 5,506 transactions to 5,077. BTC price, Binance funding rate, open interest and whale activity – Nov. 8 | Source: Santiment The decline comes as the top 13 Bitcoin miners sold 5,492 coins — more than the number of BTCs mined in October, per…