Tag: Supporting

CBOE to launch BTC, ETH margin futures trading in January with 11 firms supporting

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Cboe Digital has announced the launch date of Bitcoin (BTC) and Ether (ETH) margin futures trading – Jan. 11, 2024. The regulated crypto-native exchange and clearinghouse will become the first in the United States to offer both spot and leveraged derivatives trading on a single platform, it said in a statement. Margin trading increases capital efficiency by allowing customers to trade futures without posting full collateral. The ability to carry out spot and derivative trading on the same platform will also increase efficiency. Cboe Digital president John Palmer said: “We…

Coinbase to stop supporting Bitcoin SV by 2024

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Coinbase plans to liquidate the remaining BSV holdings in its wallets by January 2024. Cryptocurrency exchange Coinbase is set to completely remove Bitcoin’s (BTC) hard fork, Bitcoin SV (BSV), from its platform following its delisting back in 2021. In an email letter to its customers, Coinbase said it will stop supporting BSV on Jan. 9, 2024, at or around 12 p.m. ET. The U.S.-based trading platform added those who fail to withdraw their BSV coins until the deadline will be liquidated. “Upon liquidation, your BSV will be converted to the…

A pro-crypto president will catalyze innovation, supporting projects like Borroe

The upcoming presidential elections in the US will likely influence the crypto landscape. The viewpoints of candidates regarding the industry could, looking at what’s been mentioned, play a role in shaping regulations and steering the trajectory of the digital asset market. As notable figures in the race vocalize their crypto positions, the ramifications for the broader blockchain sector are being carefully monitored. As it is, the convergence of politics and technology introduces opportunities and challenges for the cryptocurrency industry. Subsequently, a pro-crypto president could stimulate the adoption of inventive initiatives…

US Senator Files Amicus Brief Supporting Coinbase, Says Court Should Dismiss SEC Lawsuit Against Exchange

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A pro-crypto US Senator is filing an amicus brief in favor of Coinbase, saying that the court should discard the U.S. Securities and Exchange’s (SEC) lawsuit against the crypto exchange. In a new court filing, Republican Senator Cynthia Lummis of Wyoming asks the court to toss out the SEC’s lawsuit against Coinbase, which alleges that the top US crypto exchange sold unregistered securities. According to Lummis, the SEC’s enforcement actions are “out of step” with the efforts of lawmakers to create a clear regulatory framework for the crypto industry. “Crypto…

Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC

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Crypto-friendly Senator Cynthia Lummis has filed an Amicus Brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission’s lawsuit against the firm. An Amicus Brief is a document filed in court by a party that is not directly involved with the related case. They are generally used to add supporting arguments to one side of the lawsuit, and emphasize how the case will have a broader impact beyond the involved parties. As per the Aug. 11 filing with the U.S. District Court for the Southern District of New…

U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts

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Bitcoin Ordinal Inscriptions Surge Past 100,000 Mark, Spurring Development of Supporting Infrastructure – Bitcoin News

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According to the latest statistics, more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow individuals to inscribe without a full node. Additionally, a decentralized Ordinal exchange is reportedly in the works. 100,000 Inscriptions and Growing: Increased Ordinal Inscriptions Lead to Record Bitcoin Metrics Roughly nine days ago, there were fewer than 10,000 Ordinal inscriptions on the Bitcoin (BTC) blockchain. Since then, inscriptions have increased by 1,434%, surpassing the…

Former CCP official apologies for ‘grave losses’ as a result of supporting crypto miner: Report

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Xiao Yi, the former Chinese Communist Party secretary of Fuzhou, has confessed to “acting recklessly” in support of crypto mining during a state-run television broadcast.  In an interview released by state-run media on Jan. 8, Xiao seemed to speak with a very subdued voice from what appeared to be prison, apologizing for being a “sinner” and causing “grave losses” to Fuzhou. The former CCP official pled guilty to corruption charges in December related to accepting more than $18 million in bribes for construction programs and illicitly promoting projects — including…

Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’

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Coinbase Wallet will no longer support four major tokens as of Dec. 5. In a Nov. 29 notice on its help pages, Coinbase said the wallet will no longer support Bitcoin Cash (BCH), XRP (XRP), Ethereum Classic (ETC) and Stellar Lumen (XLM), as well as their associated networks. The crypto firm cited “low usage” of the four tokens in its decision. “This does not mean your assets will be lost,” said the announcement. “Any unsupported asset that you hold will still be tied to your address(es) and accessible through your…