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SEC Rules Are Preventing Major Banks From Offering Crypto Custody Services – Here’s How
The market capitalization of the virtual currency industry has surpassed the $1 trillion mark. Still, leading U.S. banks are barred from getting any skin in the game by the country’s securities watchdog.
Stiff rules from the U.S. Securities and Exchange Commission (SEC) have continued to affect the ability of top banks in the country to offer crypto custody services. According to Matt Walsh, an executive at Castle Island Venture Capital, the chief stumbling block against banks offering custodial services lies with the SEC’s Staff Accounting Bulletin No. 121 (SAB 121).
The market capitalization of the virtual currency industry has surpassed the $1 trillion mark. Still, leading U.S. banks are barred from getting any skin in the game by the country’s securities watchdog.
Stiff rules from the U.S. Securities and Exchange Commission (SEC) have continued to affect the ability of top banks in the country to offer crypto custody services. According to Matt Walsh, an executive at Castle Island Venture Capital, the chief stumbling block against banks offering custodial services lies with the SEC’s Staff Accounting Bulletin No. 121 (SAB 121).
Elon Musk Has “Secretly” Been Funding Dogecoin Development, Report Reveals
Reports have emerged that the world’s richest man, Elon Musk, could be secretly funding the development of Dogecoin (DOGE).
On August 31, The Wall Street Journal reported that Elon Musk has been secretly funding Dogecoin’s development. This revelation adds an intriguing layer to his prominent relationship with the canine-themed cryptocurrency.
Reports have emerged that the world’s richest man, Elon Musk, could be secretly funding the development of Dogecoin (DOGE).
On August 31, The Wall Street Journal reported that Elon Musk has been secretly funding Dogecoin’s development. This revelation adds an intriguing layer to his prominent relationship with the canine-themed cryptocurrency.
Enterprise-Focused Blockchain Network Gains Warm Welcome in Regulatory and Corporate Circles
In the rapidly evolving world of blockchain technology, the XDC Network has emerged as a promising player, gaining widespread recognition and support from regulatory bodies and corporations alike. This wave of endorsement comes on the heels of a significant partnership between Fluent Finance, a leading blockchain and fintech development firm, and Impel, a company specializing in financial messaging and blockchain integration. The collaboration has set the stage for a new era of enterprise-focused blockchain solutions.
In the rapidly evolving world of blockchain technology, the XDC Network has emerged as a promising player, gaining widespread recognition and support from regulatory bodies and corporations alike. This wave of endorsement comes on the heels of a significant partnership between Fluent Finance, a leading blockchain and fintech development firm, and Impel, a company specializing in financial messaging and blockchain integration. The collaboration has set the stage for a new era of enterprise-focused blockchain solutions.
Over $100,000,000 in Ethereum, Shiba Inu, Chainlink and Other Crypto Assets Drained From Justin Sun-Linked Firms
New data reveals that hundreds of millions of dollars worth of altcoins have been drained from firms linked to Tron (TRX) founder Justin Sun.
According to data from blockchain tracker Lookonchain, during the past 20 days, five major hacks have occurred, totaling $290 million worth of stolen funds.
New data reveals that hundreds of millions of dollars worth of altcoins have been drained from firms linked to Tron (TRX) founder Justin Sun.
According to data from blockchain tracker Lookonchain, during the past 20 days, five major hacks have occurred, totaling $290 million worth of stolen funds.
Founder of Crypto Wallet Says He Lost $125,000 Worth of Coins After Falling for Fake Airdrop Scam
The co-founder of a crypto wallet says he has been “devastated” by accidentally clicking on a fake airdrop scam.
Nest Wallet co-founder Bill Lou says he recently lost over $123,000 in staked Ethereum (stETH) while trying to participate in an airdrop.
The co-founder of a crypto wallet says he has been “devastated” by accidentally clicking on a fake airdrop scam.
Nest Wallet co-founder Bill Lou says he recently lost over $123,000 in staked Ethereum (stETH) while trying to participate in an airdrop.
Reunit Wallet Launches Reward Program – Trade To Earn
February 5, 2024 – London, United Kingdom
Reunit Wallet, an omnichain wallet built on technology developed by LayerZero and Stargate Finance, is launching a volume-based reward program.In an effort to stimulate trading activity on its integrated platform and attract new users, Reunit Wallet is implementing a reward system for traders.
Starting now, for every $100 in generated volume, users will receive one REUNI. Additionally, if a referral code is used, a 25% bonus will be applied.
February 5, 2024 – London, United Kingdom
Reunit Wallet, an omnichain wallet built on technology developed by LayerZero and Stargate Finance, is launching a volume-based reward program.In an effort to stimulate trading activity on its integrated platform and attract new users, Reunit Wallet is implementing a reward system for traders.
Starting now, for every $100 in generated volume, users will receive one REUNI. Additionally, if a referral code is used, a 25% bonus will be applied.
ICC Camp S1 Officially Launched, First Batch of Signed Projects Announced
Outlook: Web3 Games — Breaking into the Mainstream Market
As the Web3 industry moves into mainstream markets, the development of Web3 games continues to captivate the public’s attention, bringing in a significant influx of non-industry players and user traffic to the Web3 sector. The progress of Web3 games is a sector consistently followed and researched by Web3 native professionals and also considered a breakthrough eagerly anticipated by many traditional game entrepreneurs.
Outlook: Web3 Games — Breaking into the Mainstream Market
As the Web3 industry moves into mainstream markets, the development of Web3 games continues to captivate the public’s attention, bringing in a significant influx of non-industry players and user traffic to the Web3 sector. The progress of Web3 games is a sector consistently followed and researched by Web3 native professionals and also considered a breakthrough eagerly anticipated by many traditional game entrepreneurs.
Retail Users Are Ignoring Ether and Bitcoin to Prioritize Solana — Report
Solana topped the ranks in the first quarter of 2024, propelled by increased activities in Decentralized Exchange (DEX) and (DeFi). The platform’s increased scalability, minimal transaction costs, and solid technological framework were other catalysts of this surge.
According to the latest report, “State of Solana Q1 2024,” by blockchain analytics firm Messari, Solana’s DEX volume hit impressive numbers, aligning with the rising trading volume within the SOL ecosystem. Furthermore, this report shows that Solana’s average daily spot DEX volume soared by over 300% to $1.5 billion. Per Messari, “Solana has become the top choice for retail Users.”
Solana topped the ranks in the first quarter of 2024, propelled by increased activities in Decentralized Exchange (DEX) and (DeFi). The platform’s increased scalability, minimal transaction costs, and solid technological framework were other catalysts of this surge.
According to the latest report, “State of Solana Q1 2024,” by blockchain analytics firm Messari, Solana’s DEX volume hit impressive numbers, aligning with the rising trading volume within the SOL ecosystem. Furthermore, this report shows that Solana’s average daily spot DEX volume soared by over 300% to $1.5 billion. Per Messari, “Solana has become the top choice for retail Users.”
Bitcoin Indicator Flips Bullish As Potential US Banking Crisis Looms, According to Analyst Jamie Coutts
Real Vision analyst Jamie Coutts says a key Bitcoin (BTC) indicator is suddenly flashing bullish amid fears of another US banking crisis.
The former Bloomberg analyst tells his 18,200 followers on the social media platform X that macro conditions could soon send Bitcoin soaring.
Real Vision analyst Jamie Coutts says a key Bitcoin (BTC) indicator is suddenly flashing bullish amid fears of another US banking crisis.
The former Bloomberg analyst tells his 18,200 followers on the social media platform X that macro conditions could soon send Bitcoin soaring.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Binance Coin (BNB) and Polkadot (DOT) Drop as Political Uncertainty Grows, While Analysts Tip Clandeno (CLD) for Explosive Growth; Initial Coin Offering Available
The cryptocurrency market has been experiencing mixed signals in recent times. Similarly, Binance Coin (BNB) and Polkadot (DOT) are witnessing price declines potentially triggered by broader political uncertainties. Conversely, analysts are voicing optimism for Clandeno (CLD), a project currently conducting its Initial Coin Offering (ICO) which is garnering investors’ attention because of its promising decentralized e-commerce offering. Let’s find out more.
Binance Coin (BNB) Price Struggles For MomentumThroughout this bull run, the Binance Coin (BNB) price has seen significant swings as buyers and sellers compete for dominance. For nearly the whole of last month, Binance Coin (BNB) fluctuated between $460 and $635. Moreover, the Binance Coin (BNB) price chart reveals that the coin dropped by over 10% after retesting the $600 zone after attaining an ATH.
Given that the bears were able to breach the $560 and $550 levels, Binance Coin (BNB) successfully dropped below $500 before beginning to reverse. If the market sustains a rebound, it could indicate strong demand, even at reduced prices. But to indicate that the correction is complete, bulls will need to push Binance Coin (BNB) above the $560 and $600 thresholds. Meanwhile, Binance Coin (BNB) investors are looking for reliable alternatives to diversify and Clandeno (CLD) makes the cut.
The cryptocurrency market has been experiencing mixed signals in recent times. Similarly, Binance Coin (BNB) and Polkadot (DOT) are witnessing price declines potentially triggered by broader political uncertainties. Conversely, analysts are voicing optimism for Clandeno (CLD), a project currently conducting its Initial Coin Offering (ICO) which is garnering investors’ attention because of its promising decentralized e-commerce offering. Let’s find out more.
Binance Coin (BNB) Price Struggles For MomentumThroughout this bull run, the Binance Coin (BNB) price has seen significant swings as buyers and sellers compete for dominance. For nearly the whole of last month, Binance Coin (BNB) fluctuated between $460 and $635. Moreover, the Binance Coin (BNB) price chart reveals that the coin dropped by over 10% after retesting the $600 zone after attaining an ATH.
Given that the bears were able to breach the $560 and $550 levels, Binance Coin (BNB) successfully dropped below $500 before beginning to reverse. If the market sustains a rebound, it could indicate strong demand, even at reduced prices. But to indicate that the correction is complete, bulls will need to push Binance Coin (BNB) above the $560 and $600 thresholds. Meanwhile, Binance Coin (BNB) investors are looking for reliable alternatives to diversify and Clandeno (CLD) makes the cut.
Trader earned $650,000 on Memecoins in just 12 minutes with Gotbit DEX Manager
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
Gotbit has opened up free access to its DEX Manager
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
rWintermute develops an analog of Gotbit DEX Manager
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
Goldman Sachs Raises US Recession Odds As Total Bankruptcy Filings Surge by Almost 25%: Report
Economists at Goldman Sachs are increasing the odds that the US economy will enter a period of an economic downturn by the end of the year.
Analysts at the banking behemoth have raised the odds of a recession occurring in the coming months from 15% to 25%, citing the last month’s jump in unemployment data, reports the Straits Times.
Economists at Goldman Sachs are increasing the odds that the US economy will enter a period of an economic downturn by the end of the year.
Analysts at the banking behemoth have raised the odds of a recession occurring in the coming months from 15% to 25%, citing the last month’s jump in unemployment data, reports the Straits Times.