Crypto news

Nexo’s new onboarding process follows FCA requirements, improving user risk awareness. The platform’s 10-month halt allowed for a full modify to meet UK regulatory standards. Nexo, a centralized cryptocurrency lender, has restarted client registrations in the United Kingdom after a 10-month halt. The delay was first triggered in December 2023 owing to changes in regulatory requirements. Nexo has now improved its operations to satisfy Financial Conduct Authority (FCA) compliance standards,...

In a post on X on Sept. 4, the American billionaire businessman said that Bitcoin has been an outsider to the TradFi community over the past five years, and it’s only now “dipping its toe into global finance.” He added that his firm, Cantor Fitzgerald, will help the traditional finance sector onboard Bitcoin as it wants new asset classes. “Cantor will help tradfi bring Bitcoin all the way in. Tradfi wants new asset classes, and BTC is here to stay.” TradFi Companies Want...

The SunPump community changed its mind about an LP burning mechanism, instead opting for an on-chain buyback and burn mechanism, which Justin Sun agreed to. After hearing the SunPump community out, Justin Sun has decided to implement a 100% on-chain buyback and burn mechanism for the SUN token, memecoin generator SunPump’s native asset. While the initial decision was to integrate an LP token burn mechanism, the community decided against it for various reasons, pushing Sun to choose the...

[PRESS RELEASE – WILLEMSTAD, Curacao, September 4th, 2024] BC.GAMEBC.GAME, the global iGaming leader, has announced a significant evolution in its brand journey with the launch of a comprehensive upgrade. The initiative features a revitalized visual identity, an enhanced user interface, and innovative product offerings, all designed to elevate its brand presence on the global stage. BC.GAME’s brand transformation extends beyond a mere logo update, representing a significant...

[PRESS RELEASE – Miami, Florida, September 4th, 2024] Floki is thrilled to announce a new partnership with OG Esports, aligning with Valhalla, an innovative play-to-earn metaverse game built on blockchain technology, designed to offer players a unique and rewarding gaming experience. Valhalla is an MMORPG that combines open-world exploration with strategic turn-based combat. Players can earn rewards through gameplay and unlock in-game advantages through their skills and...

Bitcoin’s price is back above $58K, registering an increase of around 3% in the past 4 hours alone. As CryptoPotato reported earlier today, the market had shed some $100 billion off its total market capitalization as the BTC price dropped to a monthly low of under $56,000. Most of the altcoins followed suit, trading deep into red territory. ETH plunged to $2,400, while BNB bears were able to push the price toward $510. Fortunately, the bulls woke up and are now erasing much...

TL;DR Binance will temporarily halt BNB Smart Chain deposits and withdrawals due to maintenance, but trading will not be affected. BNB’s price is down amid a market slump, with a potential rally expected following the release of former CEO Changpeng Zhao from prison. The Upcoming Effort The world’s largest crypto exchange will conduct wallet maintenance for BNB Smart Chain (BEP20) on September 5. To support the process, it will temporarily halt deposits and withdrawals on...

TL;DR Ethereum (ETH) dropped under $2,400 but may see a rebound, with predictions ranging from a short-term rise to $3,000 to a new high of $6,000 sometime in 2025. Metrics like exchange netflow and RSI point to reduced selling pressure and potential buying opportunities for the asset. What Could be Next? Despite not reaching a new all-time high, Ethereum (ETH) witnessed a positive start to 2024, with its price surpassing $4,000 in mid-March. However, it experienced enhanced...

John Deaton, a former Marine and prominent advocate for Ripple’s XRP, has emerged victorious in the Massachusetts Republican primary, securing his position as the GOP nominee for the U.S. Senate race. Following his victory, he will now face off against Democratic Senator Elizabeth Warren in the November elections. GOP Nomination According to a September 4 report from the Associated Press, Deaton defeated fellow Republican candidates Bob Antonellis, an industrial engineer, and...

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