Coinbase recently took a stand against the US Commodities Futures Trading Commission’s (CFTC) proposal that could potentially impact prediction markets like Polymarket. In a letter dated August 8, Paul Grewal, Coinbase’s Chief Legal Officer, criticized the proposal for its vague definition of “gaming” and its assertion that “gaming” contracts are not in the public interest.
Bitcoin has been on a rollercoaster ride recently, with its price recovering from the market-wide crash that occurred at the end of last week. The asset’s price tumbled from over $66,000 to a 6-month low of $49,500 within a few days. However, it quickly started to bounce back, reaching $53,000 on Tuesday and climbing to
Samuel Edyme, also known as HIM-buktu, has carved a unique path in the world of web3 content writing, journalism, and trading. His journey into the crypto universe did not begin with success, but rather with a harsh lesson learned from falling victim to a Ponzi scheme. However, instead of giving up, Edyme used this experience
Metaplanet, a Japanese investment firm, recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures. The loan, denominated in Japanese yen, is intended to bolster Metaplanet’s Bitcoin holdings. This move comes on the heels of the firm’s decision to raise $70 million through a stock rights offering, with a significant portion of
Immutable, a key player in the NFT and blockchain gaming space, recently announced the closure of its NFT marketplace. This strategic decision is in line with the company’s focus on bolstering its network by supporting other marketplaces within its ecosystem. The shutdown of Immutable Marketplace is scheduled to take effect on August 13, 2024, with
There is speculation that Bitcoin exchange-traded funds (ETFs) in the US may soon include options features, with the potential for such additions to come as early as the third quarter or in the fourth quarter of this year. Bloomberg ETF analyst James Seyffart has mentioned that the final decision from the US Securities and Exchange
In the realm of cryptocurrency, a new advocacy group called “Crypto for Harris” has emerged to counter the industry appeal of rival Donald Trump. This group is gearing up to host a virtual town hall meeting in support of the Harris campaign and to boost fundraising efforts. With notable figures such as crypto advocate Mark
Brazil’s Securities and Exchange Commission (CVM) has recently approved the country’s first Solana-based exchange-traded fund (ETF), positioning Brazil ahead of other countries in the crypto investment landscape. This approval marks a significant advancement in Brazil’s regulated investments in crypto assets and has sparked interest in the market regarding potential Solana ETF approvals in the United
BTSE Dex 2.0 has set a new standard in the world of decentralized exchanges with its cross-compatibility for Ethereum Virtual Machine-based chains. This means that traders now have access to over 50 perpetual futures on various networks like Base, Optimism, and Arbitrum. By tapping into Orderly Network’s decentralized exchange protocol, BTSE Dex is able to
After the recent Bitcoin price crash below $60,000, many have lost hope of the cryptocurrency reaching a new all-time high in the short term. However, analysts like CryptoQuant CEO Ki Young still believe that Bitcoin has the potential to rebound from this setback. In a recent X post, Ki Young expressed optimism about the future