Talks about a Ripple listing, Coinbase & PayPal, Tether's Assets & Liabilities, and More


Coinbase & PayPal, Tether's Assets & Liabilities

Get your regular, bite-sized digest of crypto asset and blockchain-related news, focusing on stories that are flying under the radar in today's crypto360.

News about investments

  • Ripple co-founder Chris Larsen is eyeing a Coinbase-style stock market listing, according to SBI, a Japanese financial giant and long-time Ripple affiliate. Larsen is also looking past Ripple's current legal battles with the Securities and Exchange Commission. In a recent conference call with investors – the audio of which was posted on the SBI website –“Ripple will go public after the latest lawsuit,” an SBI executive said. That is exactly what the currency needs to do. That's what Chris would like to do.”

  • After a seemingly promising application from Hanwha Asset Management, one of the country's three largest asset managers – and the investment affiliate of the Hanwha Group – the Financial Supervisory Service in South Korea is expected to approve an application for a "digital asset" fund.a set of items According to Chosun, an unidentified “financial investment industry” insider reported that the fund will be approved “on or around May 2.”

  • Globe Derivative Exchange (GlobeDX), a new global crypto derivatives exchange, has raised USD 18 million in a funding round led by blockchain investors, according to a press release. Combinator, Pantera Capital, Draper Dragon, Republic Crypto, OKEx, CMT Digital, and Wave Financial all participated in the round.

  • WisdomTree, a sponsor of exchange-traded funds and exchange-traded products (ETPs), has announced the addition of a physically-backed ethereum (ETH) ETP to its digital asset offering. Börse Xetra and the Swiss Stock Exchange both listed the WisdomTree Ethereum ETP (ETHW) today.

News is exchanged.

  • Coinbase has announced that debit cards and bank accounts connected to PayPal will now be used to purchase crypto assets on the site. "With your PayPal account, you will make purchases up to USD 25,000 per day," the company said, adding that it would extend this new capability to more countries in the coming months.

News about stablecoins 

  • Another study from an independent accountant was released by the operators of tether (USDT), the dollar-pegged stablecoin. Moore Cayman filed the report, which stated that on March 31, Tether's combined total assets "amounted to at least USD 41,017,565,708," while its liabilities were lower, with "USD 40,855,204,950 relating to digital tokens given."

Breaking Science Fiction News

  • After the confirmed exploit of Uranium Finance, a decentralized finance (DeFi) project on Binance Smart Chain (BSC), it was announced that the project would be shut down and that no attempts would be made to restart it. According to the paper, the latest v2.1 code was pushed hours before any other changes were made.Even before the announcements, the exploiter had already laid the groundwork, including creating a wallet that would later deploy contracts that would enable them to exploit the system. "We're not sure if this was a direct result of a leak about the exploit from one of our team members.""The bug may have been discovered by an approved third party who checked our codebase, or even by a random developer who just happened to find it," they said. Although the two wallets containing USD 41 million in BNB, BUSD, and USDT are still on BSC and under surveillance, the main objective is to recover the funds.

  • Polygon (MATIC), formerly known as Matic, has introduced a USD 100 million fund aimed at making DeFi more available to end-users. The #DeFiforAll fund aims to scale Ethereum while also attracting new users to the numerous decentralized products and platforms available.

News on mining

  • Beijing is inspecting cryptocurrency mining data centers to better understand their effect on energy usage, according to Reuters, citing unnamed sources and a paper. It also stated that cryptocurrency miners must report the amount and share of power consumed by cryptocurrency mining.

  • Genesis Digital Assets, an industrial-scale Bitcoin (BTC) mining company, has announced a long-term strategic alliance with Canaan, a provider of supercomputing solutions. Genesis Digital Assets has signed contracts for Canaan's next-generation A1246 AvalonMiner mining machines worth up to USD 93.63 million in the first and second quarters of 2021 through the collaboration.

News on adoption

  • According to Bloomberg, Social Finance Inc. is moving further into cryptoassets by enabling consumers to redeem incentives received via the company's app for bitcoin or ethereum. Clients will apply their 2% cash-back rewards on the SoFi credit card against the two coins starting Thursday, according to CEO Anthony Noto.

  • Opera has added native support for Unstoppable Domains, a blockchain-based Internet domain name provider. Unstoppable Domains' users can now access decentralized websites hosted via InterPlanetary File System (IPFS) without having to download a browser extension. According to the announcement, users can access it. crypto non-fungible token (NFT) addresses from Opera on any device, including iOS, Android, Windows, Mac, and Linux. Users can also create their own decentralized websites and own their digital identity by registering an a.crypto domain name, which they can use to create websites, share content, and more. Unstoppable Domains has registered over 700,000 blockchain domain names to date.

News on regulations

  • The German Federal Financial Supervisory Authority (BaFin) has issued a warning to investors, claiming that the crypto exchange Binance could have broken European securities laws by launching its stock tokens. According to BaFin, the Binance stock tokens monitor the movement of Tesla, Coinbase, and MicroStrategy shares.have been deemed "suspicious," necessitating the release of a prospectus that was not released prior to trading. Violations of the prospectus will result in fines of up to EUR 5 million (USD 6.06 million) or 3% of Binance's annual revenue. This comes after the UK Financial Conduct Authority (FCA) announced that it was investigating whether the exchange complied with securities regulations when it launched stock token trading.

News about the Blockchain

  • In partnership with Goldman Sachs, Santander, and the European Investment Bank (EIB), the European Union's lending institution operated by its Member States, the EIB launched the first-ever digital bond issuance on the Ethereum blockchain on April 27, deploying this distributed ledger technology for the registration and settlement of digital well as Societe Generale. According to the press release, the payment of the issue monies from the underwriters to the EIB has been reflected on the blockchain in the form of a central bank digital currency in collaboration with Banque de France (CBDC). The European Investment Bank (EIB) is a financial institution that It assumes that "in the coming years, the digitalization of capital markets will bring benefits to market participants," such as a reduction in intermediaries and fixed costs, increased transparency, and faster settlements.

News on tokenization

  • The Deutsche Börse and Commerzbank have announced a strategic alliance with fintech 360X to create new blockchain-based digital marketplaces and ecosystems for established real asset classes including art and real estate. They said in an emailed press release that tokenization and fractionalization would make the assets investable and tradable.

Post a Comment

Previous Post Next Post