FTX US, the sources said, would pay an additional $25 million if, by Dec. 31, BlockFi wins an important regulatory clearance from the U.S. Securities and Exchange Commission for BlockFi Yield, a product that would generate interest on depositors’ crypto by lending the crypto out at a higher rate. Source
Changpeng Zhao (CZ), CEO of Binance, says that there is a crypto exchange that may be employing poor standards in its trading platform. CZ tells his 6.8 million Twitter followers that he recently learned the term “jitters,” which refers to a lag on trading platforms between when an order is placed and when it is executed. Sometimes, while an order is delayed, other orders are able to jump the queue and front-run them, though it’s not clear whether this is intentional or not. “Just learned a new word, jitters. On…
The Federal Deposit Insurance Corporation (FDIC) is hitting crypto exchange giant FTX.US with a cease-and-desist order over allegedly making false statements. According to a new press release issued by the financial regulator, FTX.US has supposedly made statements that make it appear as if the products they offer are FDIC-insured. The FDIC says that FTX.US president Brett Harrison made the misleading statements in July over his Twitter account when he said that “direct deposits from employers to FTX.US are stored in individual FDIC-insured bank accounts in the users’ names” and “stocks…
Singapore-based digital assets exchange Crypto.com is continuing its listing spree and adding support for two more low-cap altcoins. Earlier this week, the exchange listed HIGH, the native asset of open-world metaverse game Highstreet. The game offers virtual real estate and an online shop, and can be played via virtual reality on standard computers as well as on smartphones. HIGH is trading for $1.82 at time of writing and is down nearly 2% in the past day and nearly 9% in the past week, according to CoinGecko. The crypto asset is…
Crypto exchange platform Gemini is rolling out staking services for blockchain scaling solution Polygon (MATIC). The exchange is making Polygon staking available to customers in the United States (excluding New York), Hong Kong and Singapore, per a new announcement. Gemini also plans to roll out staking for other prominent altcoins, such as Ethereum (ETH), Solana (SOL), Polkadot (DOT) and Audius (AUDIO) soon. Says the New York-based exchange of the new feature, “At Gemini, we simplify and secure the staking process, allowing you to stake your assets with more confidence in just…
The pressure on crypto is growing swiftly in the Philippines. After a recent series of controversial moves from the state regulators and local think tanks, the country’s central bank published a warning to the citizens, discouraging them from engaging in any operations with unregistered or foreign crypto exchanges. The announcement itself doesn’t sound menacing but taken in the context of accompanying developments, it makes a 112-million nation a restive region for crypto. On Aug.17, The Bangko Sentral ng Pilipinas (BSP) published a warning note to the country’s citizens, “strongly urging”…
The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is directed to “real world” use cases. Among these activities are remittances, stablecoin-based yield generating investment options, and also payments, with Bitso and Mercado Bitcoin being the leaders in volumes traded in the area. Latam Focuses on Crypto Differently, According to Kaiko Much has been said about the uses that Latam countries are giving to crypto assets, many mentioning…
Kraken CEO Jesse Powell says that the US government’s decision to sanction Tornado Cash leaves the crypto exchange with no option but to block funds coming in from the coin mixing service. Earlier this month, the U.S. Treasury Department banned Americans from using of Tornado Cash, citing national security concerns as the agency claims the protocol has been used to launder $7 billion worth of crypto assets since 2019. In a new interview with Bloomberg, the head of the crypto exchange says that there are still a lot of people…
An interoperability protocol focused on ease of use just joined the leading US-based crypto exchange’s trading roster. In a new post, Coinbase says that Celer Network (CELR) is now live across its entire platform, including on the iOS and Android apps. The Celer Network scaling platform was built on Ethereum (ETH) and is designed to enable off-chain transactions in a secure manner. The project aims to be a “multi-blockchain operating system” that offers a one-click user experience for a variety of niches, including decentralized finance (DeFi), non-fungible tokens (NFTs), gaming,…
In a tweet, Brian Armstrong expressed his preference not to censor transactions to and from sanctioned addresses after Ethereum’s transition to proof-of-stake. Source