The Stripe-hosted onramp was created with Web3 companies in mind. It is designed to cater to their varied use cases. Stripe, a financial infrastructure provider for businesses, has launched a fiat-to-crypto onramp to make it easier for Web3 companies to help their US-based clients to buy cryptocurrency. According to a Thursday release by the firm, it is also making the onramp to all Web3 users, including those on the waitlist. Businesses that provide crypto and blockchain-enabled products...
Read More »Nigeria’s National Blockchain Policy Greenlighted by the Government
Nigeria’s Federal Ministry of Communications and Digital Economy (FMCDE) has approved the National Blockchain Policy as the country doubles down on creating a blockchain-powered economy. The adoption of the policy by the government will pave the way for the formal utilization of the technology in the country, which has seen significant crypto adoption in recent years. The FMCDE believes its implementation will have a positive effect on both the public and private sectors in...
Read More »CFTC Sues Binance Alleging Financial Violations
The U.S. Commodity Futures Trading Commission (CFTC) is suing Binance and its founder Changpeng Zhao after the crypto exchange allegedly violated the Commodity Exchange Act and other regulations. The CFTC Is Going After Binance The agency claims Binance has had no regard for current financial laws and has been violating them for the past several years. Heads of the CFTC are now seeking financial penalties and a permanent ban in the United States. CFTC chair Rostin Behnam...
Read More »FTX Officials Seek to Recover Over $3.88B from DCG-backed Genesis Global
The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection. The bankrupt FTX and Alameda Research officials are stopping at nothing to recover lost funds by the former administration led by Sam Bankman-Fried (SBF). The crypto exchange under John J. Ray III, Chief Executive Officer and Chief Restructuring Officer, has sued several entities including soliciting...
Read More »Tenet Blockchain Opens Testnet as It Seeks to Boost LSD Functionalities
Just like most of the most advanced blockchain protocols in the industry, the Tenet Blockchain grants users the flexibility they need to thrive on the L1 outfit. Tenet, a brand-new layer-1 blockchain protocol has announced the launch of its testnet, creating a conduit to build on the potential of Liquid Staking Derivatives (LSD) protocols. As contained in a press release shared with Coinspeaker, the Tenet protocol is emerging from its stealth mode, making it possible for developers to...
Read More »PEPE Coin Price May Spiral Further Down, Here’s Why
Despite regaining much of its losses, there are reasons to believe that the coast is not yet clear for PEPE. The new meme token PEPE coin recently enjoyed a spell of fortune after its price surged by more than 2000% shortly after launching a few weeks ago. However, it appears that it has now lost momentum and risks losing large portions of those earlier gains. On Wednesday, PEPE entered a sharp correction that saw it lose over 35% of its record high value of $0.00000138, which it attained...
Read More »Coinbase to Stop Issuing New Bitcoin-Backed Loans via Its Borrow Service
The reason behind the exchange’s decision is not clear. According to those familiar with the matter, closing the service is not linked to the scrutiny from SEC which has alleged that Coinbase was offering and trading unregistered securities, thereby violating federal securities laws. Crypto exchange Coinbase Inc (NASDAQ: COIN) has announced its decision to stop issuing loans through its Coinbase Borrow service where Bitcoin (BTC) has been serving as collateral. Starting from May 10,...
Read More »Ex Ankr and Blockdaemon Execs Launch Tenet, A Layer-1 Ecosystem to Maximize LSD Utility
[PRESS RELEASE – Mahe, Seychelles, May 3rd, 2023] Former executives from Ankr and Blockdaemon have joined their expertise to create Tenet, the first Layer 1 blockchain built to create a hub for Liquid Staking Derivatives (LSDs). Tenet is emerging from stealth mode and unveiling its Testnet today, enabling developers to interact and experiment with the platform. Tenet is an EVM-compatible L1 protocol, designed to bring additional liquidity and yield opportunities to LSDs by...
Read More »Symmetry Launches Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana
[PRESS RELEASE – Paris, France, May 3rd, 2023] Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/. The platform aims to revolutionize the way users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for creating, managing, buying, and selling funds. Symmetry is a decentralized Crypto Indices...
Read More »Sicherheitsbehörden lancieren nationale Sensibilisierungskampagne zur Passwortsicherheit
Am 4. Mai ist Welt-Passwort-Tag – für jeden Zugang ein eigenes, starkes Passwort! Gestohlene Benutzerdaten stehen häufig am Anfang eines Cyberangriffs. Mit starken Passwörtern kann viel Schaden verhindert werden. Das Nationale Zentrum für Cybersicherheit (NCSC), die Schweizerische Kriminalprävention (SKP) und die kantonalen und städtischen Polizeikorps führen im Mai mit Unterstützung der Plattform für Internetsicherheit iBarry und «eBanking – aber...
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