Tag: Support

Top US Crypto Exchange Coinbase Rolls Out Official Trading Support for Ethereum-Based Cross-Chain Bridge Altcoin

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Top US crypto exchange Coinbase is rolling out trading support for an under-the-radar cross-chain bridge altcoin built on Ethereum (ETH). The exchange’s customers can now trade Multichain (MULTI), a cross-chain protocol that aims to be “the ultimate router for Web 3.0.” Formerly known as Anyswap, the project launched in July 2020 and has processed $103.45 billion in total volume. It currently supports 92 different chains. Multichain currently ranks third among all cross-chain bridge projects in terms of total value locked (TVL), with $1.8 billion at time of writing, according to…

Blockchain Developer Platform Alchemy Launches Public Support for ZK Rollup StarkNet

“Native AA unlocks a ton of flexibility and room for innovation for wallet UX,” Alex Miao, a software engineer at Alchemy, told CoinDesk in an email. (“UX” is short for user interface.) “Developers can incorporate customizable account permissions, build in safeguards to run at the wallet level, and create simple transaction flows. This empowers developers to build for a world where end users and businesses are always represented by a smart-contract wallet.” Source

Anti-CBDC Bill Receives Overwhelming Support in House and Senate – Bitcoin News

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In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its use as a “digital medium of exchange” will be strictly forbidden in Florida. Florida Aims to Protect Privacy with Ban on Central Bank Digital Currencies On Wednesday, the Florida House of Representatives endorsed the anti-CBDC…

MATIC Rebounds, as SOL Falls Back Towards Support – Market Updates Bitcoin News

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Polygon climbed higher in today’s session, as cryptocurrency markets marginally rebounded on Wednesday. The global crypto market cap was up by nearly 1% earlier in the day, as Tuesday’s losses eased. Solana, on the other hand, remained lower, as it fell towards a key price floor. Polygon (MATIC) Polygon (MATIC) edged higher on Wednesday, as the token moved away from a recent point of support. Following a low at $0.954 on Tuesday, MATIC/USD jumped to a peak of $0.9925 earlier in today’s session. As a result of the move, polygon…

Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar

Bitcoin (BTC) headed toward $28,000 support after the May 1 Wall Street open as markets digested fresh United States banking jitters. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Suspicions mount over First Republic contagion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to multi-day lows at the time of writing. The pair continued a comedown that began after the weekly and monthly candle close, shedding over $1,000 since that time. The start of the week saw a potential volatility catalyst during Asia trading as First Republic Bank was…

Hong Kong Monetary Authority Advises Banks to Offer Support to Crypto Firms

The push to support crypto is gaining traction in Hong Kong as some banks are already pledging support to the industry. The Hong Kong Monetary Authority (HKMA) is truly doubling down on its efforts to provide full support to the digital currency ecosystem with its recent circular to banks operating on the island. In the circular, the HKMA said banks should support exchanges or crypto platforms that have received the right license to operate in the country. The support will notably be extended to outfits with a “legitimate need for…

Brazil’s President Lula Voices Support for BRICS Currency – Economics Bitcoin News

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Brazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group. Brazilian President Lula Supports BRICS Currency Creation Brazilian President Luiz Inacio Lula da Silva reiterated Wednesday that he supported creating a currency for trading between BRICS countries, Reuters reported. The BRICS nations comprise Brazil, Russia, India, China, and South Africa. In a speech during a trip to Spain, he said without providing…

Bitget Becomes The First To Support Liquid Staking Derivatives As Collateral For Futures – Press release Bitcoin News

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press release PRESS RELEASE. Victoria, Seychelles, April 26th, 2023 — Bitget, top crypto derivatives and copy trading platform, has announced the addition of Liquid Staking Derivatives (LSDs) as a margin option for Bitget Coin-margined Futures, making it the first centralized exchange to provide such products on the market. This new feature will allow traders to continue earning staking rewards while also utilizing their staked assets for trading purposes. Bitget Coin-margined Futures is a unique product designed for crypto-enthusiasts, supporting multiple currencies as a margin for various futures trading pairs. With…

Ether price struggles to maintain support as regulatory challenges and network issues weigh

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The Ether (ETH) price has struggled to sustain the $1,850 support since April 21, the same level it held before the rally toward $2,100 initiated on April 13. Investors have reason to question whether there are buyers, considering the 13.5% price correction in six days and the $548 million in leveraged futures longs liquidated between April 19 and April 21. Firstly, the regulatory environment seems to have gotten stricter for centralized exchanges. Dubai-based Bybit, for instance, announced that all users must complete Know Your Customer (KYC) identity verification for order execution…

FIX Protocol Adds Support for Digital Token Identifier (DTI) ISO Standard

“Adding the DTI standard to the FIX Protocol was an easy decision as the DTI extends the existing functionality to the world of digital assets, which helps the market evolve to work with this asset class,” Jim Kaye, executive director at FIX, said in the press release. “We can see many benefits of adding the DTI, including making it easier for the industry to audit their transactions and increase transparency, thereby bringing more efficiencies to the market.” Source