SushiSwap Head Chef Drama Reaches New Heights
SushiSwap was hoping for a period of stability after the election of Jared Grey as head chef. However, the decentralized exchange found itself in the eye of a storm after extraordinary allegations were made against its new head chef.
Jared Grey has been accused of scamming multiple crypto investors, an allegation he describes as 100% untrue.
SushiSwap was hoping for a period of stability after the election of Jared Grey as head chef. However, the decentralized exchange found itself in the eye of a storm after extraordinary allegations were made against its new head chef.
Jared Grey has been accused of scamming multiple crypto investors, an allegation he describes as 100% untrue.
Avalanche Officially Listed on Gemini; Inbound Transfer Opens
The listing will make Avalanche more accessible to a broader range of users. On or after October 11 at 9 AM EST for deposits and October 12 at 10 AM EST for trading, the markets for #AVAX on Gemini are anticipated to open on a rolling basis for the AVAX/USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.
The listing will make Avalanche more accessible to a broader range of users. On or after October 11 at 9 AM EST for deposits and October 12 at 10 AM EST for trading, the markets for #AVAX on Gemini are anticipated to open on a rolling basis for the AVAX/USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.
CoinDigest
Avalanche Officially Listed on Gemini; Inbound Transfer Opens The listing will make Avalanche more accessible to a broader range of users. On or after October 11 at 9 AM EST for deposits and October 12 at 10 AM EST for trading, the markets for #AVAX on Gemini…
Winklevoss twins launch crypto asset trading platform in Ireland
Gemini Payments, a popular cryptoasset trading platform founded by Cameron and Tyler Winklevoss, officially launched in Ireland on Wednesday after becoming the first company to receive secure virtual asset service provider registration from the Central Bank of Ireland during the summer.
Gemini, which also holds a European e-money licence, allows customers to buy, sell and hold cryptoassets such as Bitcoin and Ether and digital non-fungible tokens (NFTs).
Gemini Payments, a popular cryptoasset trading platform founded by Cameron and Tyler Winklevoss, officially launched in Ireland on Wednesday after becoming the first company to receive secure virtual asset service provider registration from the Central Bank of Ireland during the summer.
Gemini, which also holds a European e-money licence, allows customers to buy, sell and hold cryptoassets such as Bitcoin and Ether and digital non-fungible tokens (NFTs).
Google Cloud and Coinbase partner to “better serve the growing Web3 ecosystem”
Google Cloud and cryptocurrency exchange Coinbase have announced a long-term partnership that aims to use one another’s services to bolster their #Web3 ambitions.[...]
Google Cloud will use Coinbase Commerce – which allows merchants to accept cryptocurrency payments in a decentralised approach – to offer a new benefit to its customers by diversifying the payment experience and increasing the optionality of its cloud services.
Google Cloud and cryptocurrency exchange Coinbase have announced a long-term partnership that aims to use one another’s services to bolster their #Web3 ambitions.[...]
Google Cloud will use Coinbase Commerce – which allows merchants to accept cryptocurrency payments in a decentralised approach – to offer a new benefit to its customers by diversifying the payment experience and increasing the optionality of its cloud services.
Stellar Network Launches $100M Fund To Support Smart Contracts
Stellar Development Foundation, the organization supporting the development of the Stellar Network, has announced a new funding initiative, encouraging developers to build on the Soroban smart contract platform.
The Soroban Adoption Fund will incentivize developers to build products on the new native smart contract platform.
Stellar Development Foundation, the organization supporting the development of the Stellar Network, has announced a new funding initiative, encouraging developers to build on the Soroban smart contract platform.
The Soroban Adoption Fund will incentivize developers to build products on the new native smart contract platform.
Leading Luxury Fashion Metaverse Group, ALTAVA, Announces Three New Features & Two Tier 1 Listings, Further Strengthening its TAVA Token
Metaverse fashion brand, ALTAVA Group has announced its successful listing on two tier 1 exchanges, Huobi Global and Bithumb. The listing positions the TAVA token at $1 billion USD in diluted market cap according to the top two listing trackers; Coinmarketcap and Coin Gecko.
Despite the current bear market, the #TAVA token and its Second Skin #NFT continue to perform relatively well, while the Second Skin NFT sees its current floor price on Open Seas at double that of its initial floor price. In a bid to further strengthen the value of its TAVA token, ALTAVA plans to launch 3 key features: ALTAVA Market, ALTAVA C2E, and ALTAVA DeFi.
Metaverse fashion brand, ALTAVA Group has announced its successful listing on two tier 1 exchanges, Huobi Global and Bithumb. The listing positions the TAVA token at $1 billion USD in diluted market cap according to the top two listing trackers; Coinmarketcap and Coin Gecko.
Despite the current bear market, the #TAVA token and its Second Skin #NFT continue to perform relatively well, while the Second Skin NFT sees its current floor price on Open Seas at double that of its initial floor price. In a bid to further strengthen the value of its TAVA token, ALTAVA plans to launch 3 key features: ALTAVA Market, ALTAVA C2E, and ALTAVA DeFi.
China's digital currency passes 100 bln yuan in spending - PBOC
Transactions using China's digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China's central bank said on Wednesday, as the country continues its roll-out of a central bank digital currency.
The spending involved 360 million transactions in pilot areas in 15 provinces and municipalities, the People's Bank of China (#PBOC) said, adding that more than 5.6 million merchants could now accept payments with the digital currency.
Transactions using China's digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China's central bank said on Wednesday, as the country continues its roll-out of a central bank digital currency.
The spending involved 360 million transactions in pilot areas in 15 provinces and municipalities, the People's Bank of China (#PBOC) said, adding that more than 5.6 million merchants could now accept payments with the digital currency.
Former NYDFS Regulator Matthew Homer Joins Standard Custody & Trust Co. Board of Directors
Digital asset custodian, Standard Custody & Trust Co., a subsidiary of PolySign, today announced the appointment of Matthew Homer to its board of directors. Homer joins a distinguished group of leaders from both traditional and decentralized finance who are supporting Standard Custody in building out the infrastructure required for the future of institutional digital assets.
Homer was the inaugural Executive Deputy Superintendent for the Research and Innovation Division at the New York Department of Financial Services (#NYDFS), where his responsibilities included cryptocurrency and digital assets.
Digital asset custodian, Standard Custody & Trust Co., a subsidiary of PolySign, today announced the appointment of Matthew Homer to its board of directors. Homer joins a distinguished group of leaders from both traditional and decentralized finance who are supporting Standard Custody in building out the infrastructure required for the future of institutional digital assets.
Homer was the inaugural Executive Deputy Superintendent for the Research and Innovation Division at the New York Department of Financial Services (#NYDFS), where his responsibilities included cryptocurrency and digital assets.
Offchain Labs acquires Ethereum core dev team Prysmatic Labs
Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations.
One of the core development teams behind the Ethereum (ETH) Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of Ethereum layer-2 network Arbitrum.
Announced in an Oct. 13 blog post by Offchain Labs, the deal's financial terms were not disclosed, but it was noted Prysmatic Labs chose to join Offchain Labs "for many reasons," but mainly because of the two companies' alignment in their core beliefs.
Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations.
One of the core development teams behind the Ethereum (ETH) Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of Ethereum layer-2 network Arbitrum.
Announced in an Oct. 13 blog post by Offchain Labs, the deal's financial terms were not disclosed, but it was noted Prysmatic Labs chose to join Offchain Labs "for many reasons," but mainly because of the two companies' alignment in their core beliefs.
New crypto accounting guidelines could ‘smooth the way’ for adoption
Another step has been taken on the path to use fair-value accounting for the reporting of crypto assets in the United States.
The United States Financial Accounting Standards Board’s (FASB) decision to allow companies to use “fair value” to account for their crypto holdings could be seen as another step toward the wider institutional adoption of cryptocurrency.
During a meeting on Oct. 12, the FASB board made the decision to require entities to measure crypto assets at “fair value.”
Another step has been taken on the path to use fair-value accounting for the reporting of crypto assets in the United States.
The United States Financial Accounting Standards Board’s (FASB) decision to allow companies to use “fair value” to account for their crypto holdings could be seen as another step toward the wider institutional adoption of cryptocurrency.
During a meeting on Oct. 12, the FASB board made the decision to require entities to measure crypto assets at “fair value.”
Uniswap Labs Raises $165M Amid Lessened VC Crypto Funding
Uniswap Labs, the firm behind popular decentralized exchange Uniswap, has raised $165 million in a Series B funding round led by Polychain Capital.
The latest financing event valued #Uniswap Labs at $1.66 billion, the company said, and saw participation from long-term investors in the firm such as a16z crypto, Paradigm, SV Angel, and Variant.
Uniswap is the largest DEX protocol in terms of trade volume, registering more than 45% of the market total, according to data from DefiLlama. Furthermore the protocol’s native #UNI token holds a market cap of $4.4 billion at the time of writing, according to CoinMarketCap.
Uniswap Labs, the firm behind popular decentralized exchange Uniswap, has raised $165 million in a Series B funding round led by Polychain Capital.
The latest financing event valued #Uniswap Labs at $1.66 billion, the company said, and saw participation from long-term investors in the firm such as a16z crypto, Paradigm, SV Angel, and Variant.
Uniswap is the largest DEX protocol in terms of trade volume, registering more than 45% of the market total, according to data from DefiLlama. Furthermore the protocol’s native #UNI token holds a market cap of $4.4 billion at the time of writing, according to CoinMarketCap.
Join the Philippine Fintech Festival—where SE Asian fintech giants map the region’s digital payments revolution
Home to over 600 million people and with an economy valued at $3 trillion, Southeast Asia has become one of the world’s fastest-growing fintech hubs. The upcoming Philippine Fintech Festival will shine a spotlight on the region’s rapid digital payments revolution, with many of the region’s industry leaders set to take to the stage to chart the future of digital payments in the Association of Southeast Asian Nations (ASEAN) region.
The event will be held on October 17-21 in Makati City, Philippines, with the theme centered on designing an anti-fragile world powered by digital payments.
Home to over 600 million people and with an economy valued at $3 trillion, Southeast Asia has become one of the world’s fastest-growing fintech hubs. The upcoming Philippine Fintech Festival will shine a spotlight on the region’s rapid digital payments revolution, with many of the region’s industry leaders set to take to the stage to chart the future of digital payments in the Association of Southeast Asian Nations (ASEAN) region.
The event will be held on October 17-21 in Makati City, Philippines, with the theme centered on designing an anti-fragile world powered by digital payments.
Binance Burns as Many BNB Tokens as Hacker Minted From Thin Air
Binance today completed its 21st quarterly burn of BNB tokens, effectively compensating for the losses incurred from its bridge hack last week.
BNB is the native cryptocurrency of the BNB Chain, formerly known as the Binance Smart Chain, which is a competitor to Ethereum. A “burn” is when tokens are permanently removed from a cryptocurrency’s supply, and is generally used as a measure against inflation. Today’s burn took 2,065,152.42 BNB, worth over $549 million at current prices, off the market.
Binance today completed its 21st quarterly burn of BNB tokens, effectively compensating for the losses incurred from its bridge hack last week.
BNB is the native cryptocurrency of the BNB Chain, formerly known as the Binance Smart Chain, which is a competitor to Ethereum. A “burn” is when tokens are permanently removed from a cryptocurrency’s supply, and is generally used as a measure against inflation. Today’s burn took 2,065,152.42 BNB, worth over $549 million at current prices, off the market.