Tag: Platform

Tether to start bitcoin mining in Uruguay; Tradecurve, a DeFi platform, will be available globally

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The issuer of Tether (USDT), the world’s most popular stablecoin, is setting up an operation to mine bitcoin (BTC) in Uruguay. This marks the first significant move by Tether into mining and is part of a larger push to provide broader access to crypto services.  This comes when Tradecurve, a decentralized finance (DeFi) project in its presale phase, announced that its anonymous trading platform would soon be available globally. >>Buy TCRV tokens now<< Tether to start…

Binance.US clarifies CoinDesk claim about user funds and platform security

In a recent CryptoX article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy of the allegations. Journalistic uncertainty In a June 8 article from CryptoX, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng ‘CZ’ Zhao and Guangying ‘Helina’ Chen received billions of dollars in customer funds through their holding company.  According to the SEC, the funds were transferred to firms controlled by Zhao…

EU Commission Partners With Blockchain Platform Protokol For Digital Educational Credential Project

The European Commission is making strides towards adopting blockchain technology to transform the verification process of educational and professional credentials across countries. In an effort to achieve this goal, the EU-funded EBSI Vector project has partnered with Protokol, a blockchain solutions provider. The collaboration aims to leverage blockchain technology in developing a credential verification solution. The goal is to simplify the process for EU citizens to have their educational and professional credentials recognized and accepted in different countries. According to Protokol CEO Lars Rensing, the objective of the collaboration with…

MetaMask Institutional to integrate with Fireblocks MPC platform

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Web3 wallet MetaMask will integrate with Fireblocks’ multi-party computation (MPC) platform, allowing Fireblocks users to access the wallet’s portfolio dashboard, according to a June 6 announcement. The integration will be part of the MetaMask Institutional product aimed at institutional investors. It will go live on June 12. Map of prior MetaMask Institutional custody provider integrations. Source: MetaMask MetaMask Institutional is wallet software that offers institutions a variety of features, including the ability to stake and lend crypto. It does not custody funds for institutions. Instead, it allows institutions to choose…

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

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Nonfungible-token (NFT) protocol Enjin has announced its transition into a new mainnet called “Enjin Blockchain” with the aim of furthering Web3 adoption. Following the transition, its Polkadot parachain called Efinity has also been forked into the new blockchain.  In an announcement sent to Cointelegraph, the Enjin team highlighted that the Enjin Blockchain will differ from other blockchain solutions that rely on smart contracts. According to Enjin, functions like creating and transferring NFTs will be integrated into the blockchain’s foundational code. Apart from these, the blockchain also presented new features. This…

US federal court dismisses lawsuit against DeFi platform PoolTogether

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A United States federal judge has recently dismissed the lawsuit against the decentralized finance (DeFi) platform PoolTogether. According to the ruling, the federal court system is not the correct place to air out concerns against the DeFi startup.  CASE DISMISSED!!!! https://t.co/HDApQZe3Sx pic.twitter.com/SjcDnMnLIV — Leighton (@lay2000lbs) June 7, 2023 U.S. Judge Frederic Block said that despite having genuine concerns about the startup, a lawsuit in a federal court is not “an appropriate way to address them.” The judge also said that the plaintiff Joseph Kent does not have the standing to…

US SEC Indicts Coinbase over Unregistered Exchange and Broker Platform

The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules. American publicly listed crypto trading platform Coinbase Global Inc (NASDAQ: COIN) has come under the radar of the United States Securities and Exchange Commission (SEC) once again. This time around, Coinbase was indicted in a New York Federal Court earlier today for operating as an unregistered national securities exchange and broker according to the regulator. The lawsuit stated that Coinbase has been operating in this manner…

MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

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Megabank Mitsubishi UFJ Financial Group (MUFG) has announced that its stablecoin issuance platform “Progmat Coin” will soon be used by Japanese banks to launch Yen-pegged stablecoins on several public blockchains. Japanese banks have recently outlined intentions to either look into or launch stablecoins following new regulations that came into effect this month. In mid-2022, the Japanese government passed a bill that prohibited the issuance of stablecoins by non-banking institutions. The bill officially came into effect on June 1, 2023. In a June 2 announcement, MUFG outlined the Progmat Coin will…