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15 May 2024 19:14

⚪️ Worldcoin seeks to set 'new standard' in data protection, says it deleted users' iris codes

Worldcoin Foundation has released an open-source system that it claims can improve the protection of sensitive information, including the data generated when people sign up for the Worldcoin project. "The system, available now in a Github repository for any organization to use, aims to set a new standard for data protection, including the protection of biometric data," according to a statement. Worldcoin said the new open-sourced system is based on secure multi-party computation.

Source

@TradeCryptoNow

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14 May 2024 07:29

🇭🇰 Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors

The Hong Kong-listed spot bitcoin and ether exchange-traded funds (ETFs) saw heavy outflows on Monday following bitcoin’s drop below $61,000 on Friday. The spot bitcoin ETFs from issuers ChinaAMC, Harvest Global, as well as Bosera and Hashkey, saw a combined $32.7 million outflows on Monday, according to data from Farside Investors. This number is significantly higher than previous outflows, which hovered around the $6 million mark.

Source

@TradeCryptoNow

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13 May 2024 15:13

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11 May 2024 19:29

🇺🇸 SEC Rebuts 🏦 Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question

U.S. regulators said an appeals court shouldn't heed Coinbase's request to review how – or if – conventional securities rules apply to cryptocurrencies. Coinbase, the largest U.S. crypto exchange, filed for permission to ask the Second Circuit Court of Appeals if the Howey Test, a longstanding Supreme Court assessment for securities, should apply to digital assets. Coinbase hopes it doesn't. Coinbase hasn't successfully argued this is needed, the U.S. Securities and Exchange Commission said Friday.

Source

@TradeCryptoNow

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10 May 2024 20:07

🏦 Kraken makes another push to dismiss 🇺🇸 SEC lawsuit ahead of June hearing

Crypto exchange Kraken's lawyers argue in their latest court filing that the Securities and Exchange Commission's arguments don't hold weight as both sides are gearing up for a hearing in June. Kraken also argued that the agency failed to satisfy elements of the Howey Test, a 1946 U.S. Supreme Court case frequently cited by the SEC, to determine if an asset qualifies as an investment contract and, therefore, a security.

Source

@TradeCryptoNow

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09 May 2024 20:12

🔻 Optimism’s Superchain now supports Layer 3 chains via OP Stack

Optimism noted that Layer 3 chains can now join the Superchain by building on the OP Stack and sharing sequencer revenue with its governance body — Optimism Collective. Layer 3 builders who join the Superchain will have access to retroactive funding, airdrops, and growth campaigns, along with a broad network of developers, Optimism said. A Layer 3 chain is a network that settles on one of Optimism’s Layer 2 chains: OP Mainnet, Base, Mode, and others.

Source

@TradeCryptoNow

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08 May 2024 17:57

🇮🇩 Indonesia Regulator Forms Crypto Committee to Monitor Industry's Operation, Compliance

The Commodity Futures Trading Regulatory Agency, the Indonesian government agency known as Bappebti whose responsibilities include overseeing cryptocurrencies, formed a dedicated committee to monitor the industry. The Crypto Asset Committee was established under regulations enacted in January. Crypto falls under Bappebti's jurisdiction because crypto is considered a commodity in Indonesia.

Source

@TradeCryptoNow

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07 May 2024 18:28

🇭🇰 Hong Kong’s spot 💰 bitcoin ETFs see first outflows, solely from ChinaAMC

Hong Kong’s spot bitcoin exchange-traded funds recorded their first cumulative daily bitcoin outflows on Monday — solely from China Asset Management’s ETF — after debuting on the Hong Kong Stock Exchange on April 30. ChinaAMC’s spot bitcoin ETF saw 75.36 leave the product yesterday, while the other two ETFs recorded zero inflows. That came after the three funds logged an inflow of 3,910 BTC on their first trading day, according to SosoValue data.

Source

@TradeCryptoNow

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06 May 2024 20:29

🇰🇪 Kenyan President Requests 💰 Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime

Kenyan President William Ruto recently announced that his government has requested Bitcoin miner Marathon Digital to review the country’s cryptocurrency regime. Ruto stated that the U.S.-based Bitcoin miner will also discuss electricity usage in cryptocurrency mining with the Kenyan Energy Ministry. The apparent acceptance of crypto and Bitcoin mining by the Ruto-led Kenyan government seems to be a shift from the stringent approach previously adopted by the Central Bank of Kenya (CBK) and other government entities.

Source

@TradeCryptoNow

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05 May 2024 08:05

💰 Sui creator says crypto’s “ChatGPT moment” coming as protocol celebrates mainnet's first year

After a busy 12 months that included launching on mainnet and the announcement of fresh partnerships with TikTok parent ByteDance and Google, Mysten Labs, creator of the Layer 1 Sui protocol, is confident that blockchain tech is about turn the proverbial corner. “The killer app for web3 is coming. The ChatGPT moment is coming soon,” Evan Cheng, CEO and co-founder of Mysten Labs told The Block, adding the current bull run is coinciding with web2 tech giants expressing more interest in blockchain than before.

Source

@TradeCryptoNow

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03 May 2024 20:02

💰 Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC

Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, down to 1,364.

Source

@TradeCryptoNow

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03 May 2024 06:40

🏦 Coinbase's Q1 earnings jump to $1.6 billion as transaction revenue soars

Coinbase had a bumper first quarter, reporting $1.6 billion in revenue, an increase of 72% from the previous quarter, the company said after today's closing bell. The company also reported a huge swing in net income, registering of $1.18 billion for the quarter, compared to a loss of $79 million in the same period of last year. Coinbase also generated $1.01 billion in EBITDA. Earnings of $4.04 per share beat the consensus estimate of $1.15 per share, according to MarketWatch data.

Source

@TradeCryptoNow

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02 May 2024 07:00

🔵 Aave Labs debuts V4 roadmap in series of governance proposal

Aave Labs unveiled a trio of governance proposals on Wednesday to guide its development of Aave V4. The Aave V4 roadmap, which is in the advanced research stage, proposes several improvements to Aave’s lending platform, such as improved support for its native GHO stablecoin and lower transaction fees, the protocol said Wednesday in a post on its governance forum.

Source

@TradeCryptoNow

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01 May 2024 08:09

🇷🇺 Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges

Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will be allowed to circulate.

Source

@TradeCryptoNow

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30 Apr 2024 07:40

🪙 Consensys vs. SEC litigation over whether ether is a security 'will take years': TD Cowen

Ethereum developer Consensys brought the U.S. Securities and Exchange Commission to court, seeking a declaration that ether is not a security. This legal battle will be a prolonged affair, according to investment bank TD Cowen. As a result, the bank reiterated that spot Ethereum exchange-traded funds are unlikely to gain approval before 2025. SEC Chairman Gary Gensler is "okay" with the court deciding whether ETH is a security or commodity, according to TD Cowen.

Source

@TradeCryptoNow

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14 May 2024 19:54

⬜️ OKX officially launches crypto exchange in Australia

OKX has officially launched its spot and derivatives crypto trading platform in Australia, the company announced on Tuesday. OKX said in a statement that it will offer spot trading services to all Australian users, while derivatives trading will only be available for verified wholesale clients. Its users in Australia can also deposit and withdraw AUD through most Australian banks to gain access to a total of 85 crypto tokens, or 170 crypto spot pairs.

Source

@TradeCryptoNow

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13 May 2024 20:50

🇸🇻 El Salvador reveals Bitcoin treasury holdings, totaling over 5,700 BTC worth roughly $360 million

El Salvador has taken a significant step towards transparency in its Bitcoin adoption journey. The National Bitcoin Office (ONBTC) of El Salvador has unveiled its Bitcoin treasury holdings. This milestone in proof of reserves reveals that El Salvador’s Bitcoin treasury holdings currently stand at 5,748.76 BTC, which translates to a staggering $360,021,592 in US dollar value. The data further shows that in the past seven days, El Salvador has purchased 7 BTC, and in the past 30 days, it has acquired 30 BTC.

Source

@TradeCryptoNow

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12 May 2024 19:28

📣 Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain

Jenny Johnson, the president and CEO of Franklin Templeton, a financial firm with $1.6 trillion in assets under management, recently reiterated her pro-blockchain stance during an interview with Bloomberg anchor David Westland during the 27th Annual Milken Institute Global Conference in California. Among the hot topics discussed by the two, Johnson had plenty to say on tokenization and generative artificial intelligence.

Source

@TradeCryptoNow

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11 May 2024 08:36

🪙 ARK Invest and 21 Shares cut staking component from latest spot Ethereum ETF filing

A spot ether exchange-traded fund proposal from Cathie Wood's ARK Invest and 21Shares will not include staking. In a previous filing, ArkInvest/21 Shares included a staking component that said that the "sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers." That specific language was not included in the updated filing on Friday.

Source

@TradeCryptoNow

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10 May 2024 06:31

🇳🇬 Nigeria claims 🟠 Binance’s bribery allegations are ‘blackmail’

The Nigerian government has refuted bribery allegations made by crypto exchange Binance, which were described as baseless and an attempt to distract from the company’s legal challenges in the country, according to a press statement released on May 8. Binance CEO Richard Teng recently alleged that Nigerian officials demanded $150 million in crypto to settle an ongoing criminal investigation against the company.

Source

@TradeCryptoNow

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09 May 2024 08:41

🪙 Ethereum's Dencun upgrade is making ETH inflationary again: CryptoQuant

The Dencun upgrade has made ether inflationary again, potentially killing its characteristic as “ultra-sound” money, analysts at data firm CryptoQuant said. A report released Wednesday by CryptoQuant said that due to decreased transaction fees on the Ethereum network because of the Dencun upgrade, the amount of ether burned has dropped to one of its lowest levels since the Merge.

Source

@TradeCryptoNow

Trade Crypto Now

08 May 2024 08:06

⚪️ Robinhood Would Likely Win Crypto Court Case With the SEC: KBW

Robinhood (HOOD) being issued a Wells Notice by the Securities and Exchange Commission (SEC) is surprising given the company’s very conservative approach to digital asset listings, KBW said in a research report on Monday. KBW notes that Robinhood only offers fifteen cryptocurrencies on its U.S. platform, while some of its peers offer more than two hundred digital assets.

Source

@TradeCryptoNow

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07 May 2024 06:35

📊 Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report

Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported. Out of about $2.2 trillion in total transactions in April, just $149 billion originated from “organic payments activity,” the report said. The analysis removed transactions done by bots and large-scale traders to “isolate those made by real people.”.

Source

@TradeCryptoNow

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05 May 2024 19:12

📣 Vodafone's PairPoint trying to turn mobile device sim cards into crypto wallets

Vodafone will use SIM card technology to meet an anticipated surge in demand for cryptocurrency on mobile phones. "Within each mobile phone is a SIM card and we have focused on linking the mobile phone SIM card to digital wallets, identity and blockchains, using the cryptography we have in those SIM cards for that blockchain integration," Palmer told Yahoo Finance.

Source

@TradeCryptoNow

Trade Crypto Now

04 May 2024 18:52

📊 Crypto firms raised $2.5 billion in Q1, representing 29% quarterly increase

Galaxy reported an assortment of VC investment data, including nearly $2.5 billion invested in the first quarter, on May 3. Crypto firms attracted funding across 603 deals during the period, representing 29% growth in dollar value and 68% growth in deal count quarter-over-quarter. The growth represents the first increase by both measures in three quarters, though Galaxy emphasized that future quarters will show whether the trend can continue.

Source

@TradeCryptoNow

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03 May 2024 11:21

Tectum team showcases instant #Bitcoin payments using SoftNote. Mass Adoption is already here! Time to buy $TET
Tg Group is here!

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02 May 2024 17:52

💰 Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow

Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, totaling over $191 million. Grayscale’s Bitcoin Trust (GBTC) followed closely with withdrawals exceeding $167 million, while Blackrock’s IBIT reported its first negative outflow, nearing close to $37 million.

Source

@TradeCryptoNow

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01 May 2024 21:14

🟠 Binance co-founder Changpeng Zhao says crypto industry has 'entered a new phase'

Binance co-founder Changpeng Zhao, commonly known as CZ, expressed his thanks to his supporters following his sentencing to four months in prison over breaking compliance rules. Zhao was sentenced in Seattle on Tuesday after pleading guilty to anti-money laundering violations. He has also agreed to pay a $50 million fine. The former Binance CEO said that he plans to spend the next chapter of his life on education, where he has started a project called Giggle Academy.

Source

@TradeCryptoNow

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30 Apr 2024 19:34

🇭🇰 Hong Kong’s Bitcoin and Ethereum ETFs launch with lower than expected trading volumes

Hong Kong’s debut of Bitcoin and Ethereum exchange-traded funds (ETFs) commenced with modest trading volumes, tallying up to 87.58 million HKD, equivalent to $11.19 million, based on Hong Kong Stock Exchange data. This trading volume falls significantly short of the issuers’ initial expectations, which anticipated volumes surpassing $100 million. Moreover, the trading volume pales compared to the US debut, where the 11-listed spot Bitcoin ETF products saw $4.6 billion in trading volume.

Source

@TradeCryptoNow

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29 Apr 2024 18:07

🟠 Binance's CZ Will Spend Less Than a Year in Prison, Polymarket Traders Bet

Binance's founder and former CEO, Changpeng "CZ" Zhao, will be sentenced in a U.S. court in Seattle Tuesday. The Department of Justice said in a recent sentencing memo that he should spend three years in prison, citing the scale of his misconduct. "Yes" shares for the "less than six months" contract on the crypto-based prediction market platform were trading at about 42 cents Monday, indicating a 42% chance CZ will be out in less than six months.

Source

@TradeCryptoNow