Nexo joins sanctions association as regulatory scrutiny increases

Nexo looks to keep pace with regulatory requirements by implementing new certification requirements for its compliance team.

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Veteran Trader Peter Brandt Labels BTC a Legacy Coin to Outlast ‘Make-Believe Cryptos Wannabees’

Veteran trader Peter Brandt recently branded BTC as a legacy coin that will ultimately outlast and outperform all “make-believe cryptos wannabees.” Some non-bitcoin maximalists have said the veteran trader’s remarks about bitcoin are misguided and called on him to remain flexible. Maximalist Ideology Veteran trader Peter Brandt recently riled altcoiners after he suggested that bitcoin [...]

The post Veteran Trader Peter Brandt Labels BTC a Legacy Coin to Outlast ‘Make-Believe Cryptos Wannabees’ appeared first on Crypto Breaking News.

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Bank of England halts Silicon Valley Bank UK branch operations

The Bank of England has ordered the Silicon Valley Bank's UK branch to halt its operations as it has limited presence and no critical functions supporting the financial system. The bank will be placed into a Bank Insolvency Procedure, and eligible depositors will be paid out by the Financial Services Compensation Scheme up to the protected limit of £85,000, with the remaining assets and liabilities being managed by bank liquidators. UK venture capitalists and a nonprofit organization have expressed concern as several startups and investors have significant exposure to the SVB UK, including prominent blockchain VCs who have over $6 billion in assets at the bank. (Read More)

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Investors Rally to Support Silicon Valley Bank Amidst Possible Closure

Over 125 venture capitalists and investors, including Sequoia Capital and General Catalyst, have pledged their support for Silicon Valley Bank (SVB) as the 40-year-old banking institution winds down its operations. The investors signed a statement in an effort to cushion the impact of the bank's possible closure and limit the fallout on tech companies that rely on SVB for funding and banking services. (Read More)

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Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on [...]

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‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others [...]

The post ‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion appeared first on Crypto Breaking News.

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Gate.io lists DeFiChain’s DFI token

Crypto exchange Gate.io has listed the native token in the decentralised finance ecosystem DeFiChain.

As noted in a press release sent to Invezz, the listing and trading of DFI on Gate.io went live on 26 September 26 10 am UTC. The cryptocurrency exchange will initially offer a USDT trading pair, with the DFI-BTC pair set for support later.

Support for DFI on Gate.io is another milestone for DFI as it becomes available on more cryptocurrency exchanges. Top crypto exchanges and trading platforms that offer DFI trading pairs, include Huobi (support added in July), KuCoin and Bybit.

DeFiChain is a unique project, a pioneering blockchain in the quest to offer seamless access to decentralised assets on the world’s largest Proof of Work blockchain Bitcoin.

On DeFiChain, users can enjoy all the benefits of decentralised finance, which includes minting new decentralised tokens, dTokens, and trading within the growing DeFi ecosystem. ( Find more about dTokens here and here.)

Once a user buys DFI on Gate.io, they can transfer them to any compatible wallet, and continue to benefit from its use across the ecosystem.

Although mainly used for transaction fees and governance mechanisms, crypto traders can also leverage the DFI token to mint or lend stock tokens among other functionality such as liquidity pools and staking.

Notably, users can use dTokens to access price exposure of assets such as equities and exchange-traded funds (ETFs). Fractional purchases of dTokens is also available on the DeFiChain DEX.

The DeFiChain project launched its mainnet in May 2020.

The post Gate.io lists DeFiChain’s DFI token appeared first on Invezz.

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Binance US lists Astar Network’s ASTR

Cryptocurrency exchnage Binance US has listed Astar Network (ASTR), with trading for the smart contracts platform’s native token going live today, 14 September 2022.

Deposits for the ASTR token opened at 8:00 EDT on 13 September, the platforms noted in a press release to Invezz on Wednesday.

Astar Network founder and CEO Sota Watanabe commented on the listing:

“We are very excited to officially enter the American market through Binance US. Since closing our last funding round, led by US investors like Polychain and Coinbase, entering the US market has been a top priority. Astar already has a strong presence in Asia, especially Japan, and now we have an opportunity to follow suit in the US with our localized team.”

With the listing, ASTR is now available to US traders, and the exposure will help drive greater liquidity for the token across the markets. As per the announcement, Binance US will offer USD and USDT pairs when trading begins.

Binance US, the regulated affiliate of global cryptocurrency exchange Binance, adheres to a strict regulatory and assessment approach to listing via its Digital Asset Risk Assessment Framework. So far, the exchange has listed just over 100 digital assets, with ASTR the first crypto asset from Polkadot and the Kusama ecosystems to be listed on the platform.

The Astar Network supports dApps and is compatible with the Ethereum Virtual Machine (EVM) and WASM smart contracts. The network offers a Build2Earn ecosystem, with interoperability, for cross-consensus messaging (XCM).

The post Binance US lists Astar Network’s ASTR appeared first on Invezz.

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Blockchain.com lists TRON token TRX in its wallet and exchange

Blockchain.com, one of the pioneer crypto platforms to launch a crypto exchange and wallet, has today listed TRON (TRX).

With the listing, TRON’s native token is now available to Blockchain.com Wallet and Blockchain.com Exchange users – where customers can accomplish various transactional activities that include send, receive, buy and sell of crypto.

Customers can also swap TRX as well as earn rewards on their holdings. According to details shared with Invezz on Tuesday, annual rewards of up to 8% will be available to customers who hodl TRX in their Blockchain.com Rewards Account. 

The TRX token is a TRC-20 utility token used on the TRON protocol and within the blockchain’s decentralised applications (dApps) ecosystem for transactions, payment of network fees and to power smart contracts. 

Its listing on Blockchain.com adds to its growing adoption across the blockchain ecosystem and decentralised web, with TRON’s high throughput and scalability key to users.

The TRON mainnet went live in 2018 and its network’s speed offers 2,000 transactions per second (TPS). Growth across the ecosystem sees it currently command more than 110 million accounts, with over 3.8 billion transactions. As of August 2022, total value locked (TVL) on the TRON network stood at over $13.2 billion.

Recently, TRON’s delegated proof-of-stake consensus was highlighted as a factor behind the blockchain’s extremely low carbon footprint, making it one of the most eco-friendly blockchains..

The post Blockchain.com lists TRON token TRX in its wallet and exchange appeared first on Invezz.

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The Bitcoin Customer Service Department

In order to orange-pill the world, Bitcoiners must foster connection and trust, rather than create frustration and division for those who are curious.

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How To Keep Bitcoin From Driving You Crazy

Bitcoin is a financial revolution with a uniquely passionate community. So protecting your mental health as you engage can be challenging.

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Register and Get an $8 Bonus, One of the Best Cloud Mining of 2022

Meet – hashlists.com – New generation of cloud mining systems. Mining cryptocurrencies is one of the best ways to make money in the cryptocurrency industry. An innovation in simplicity, a specially simplified cloud mining platform provides exceptional service and cryptocurrency mining for clients without skill or equipment. You don’t need any special hardware or software […]

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Fintech Specialists Predict Ethereum Price Hitting $6,500 This Year Before Rising to $26,338 by 2030 – Markets and Prices Bitcoin News

A panel of fintech specialists has predicted that the price of ethereum will reach $6,500 by year-end. It will then rise to $10,810 by 2025 before more than doubling to $26,338 by 2030. Fintech Specialists Share Ether Forecasts Price comparison portal Finder updated its price predictions for ether (ETH) Tuesday. The company detailed: Ethereum (ETH) […]

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The Fight For Bitcoin: Water’s Warm Maximalism

Bitcoin isn’t on the same playing field as anything else — so it doesn’t make sense to waste time lashing out.

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Why “Smart Contracts For Bitcoin” Really Means “Buy My Altcoin”

Navigating the duality of Bitcoin development in 2022 is going to be a major challenge for the community.

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CRU 2021 Crypto Year End List Compilation

For your convenience, we’ve compiled all of our year-end lists into this one post. Catch up on all your favorite protocol news, rug pulls, and Sam Bankman-Fried moments all while recovering from New Year’s eve right here in this one post. Protocol Year-End Lists Top Five Algorand Stories of 2021 Top Five Avalanche Stories of […]

The post CRU 2021 Crypto Year End List Compilation appeared first on CryptosRus.

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The World Needs Bitcoiners’ Relentless Optimism

While the majority seem not to question society’s prescribed way of life, Bitcoiners cannot be tamed.

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Discussing Bitcoin, Bitcoiners, and Citadels with Aleks Svetski

A group of convicted Bitcoiners discuss the future of the Bitcoin community

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Discussing Bitcoin versus Slavecoins

A group of Bitcoiners discuss the fundamental differences between Bitcoin and the rest of the cryptocurrency ecosystem

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Bitcoin, Bitcoiners And Citadels

So-called “toxic Bitcoin maximalism” is inspired by a desire for Bitcoiners to hold themselves accountable to the ideals of the network itself.

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