CoinGape https://coingape.com/ CoinGape - 24*7 Crypto Updates Fri, 08 Sep 2023 08:02:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.3 https://cdn.coingape.com/wp-content/uploads/2017/09/14183030/cropped-CoinGape_logo-32x32.png CoinGape https://coingape.com/ 32 32 XRP Community Backs LBRY As It Decides To Appeal Against US SEC https://coingape.com/xrp-community-backs-lbry-as-it-decides-to-appeal-against-us-sec/ Fri, 08 Sep 2023 07:45:42 +0000 https://coingape.com/?p=158745 The XRP community came in support of blockchain-based file-sharing and payment network LBRY after it filed a notice of appeal against the U.S. Securities and Exchange Commission (SEC). LBRY suddenly decided to appeal against the final judgment in favor of the U.S. SEC in July, sparking excitement in the crypto community. LBRY Files Notice of

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The XRP community came in support of blockchain-based file-sharing and payment network LBRY after it filed a notice of appeal against the U.S. Securities and Exchange Commission (SEC). LBRY suddenly decided to appeal against the final judgment in favor of the U.S. SEC in July, sparking excitement in the crypto community. LBRY Files Notice of

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Nomura’s Crypto Unit Sees Delay In Turning Profitable Amid Major Market Rout https://coingape.com/nomuras-crypto-unit-sees-delay-in-turning-profitable-amid-major-market-rout/ Fri, 08 Sep 2023 07:33:31 +0000 https://coingape.com/?p=158750 Banking giant Nomura Holdings Inc. recently stated that its cryptocurrency unit, Laser Digital, could take longer than expected to turn profitable amid the recent rout in the crypto market. Nomura started its crypto unit last year in September 2022 with the goal of turning it profitable by 2024. Laser Digital Chief Executive Officer Jez Mohideen

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Banking giant Nomura Holdings Inc. recently stated that its cryptocurrency unit, Laser Digital, could take longer than expected to turn profitable amid the recent rout in the crypto market. Nomura started its crypto unit last year in September 2022 with the goal of turning it profitable by 2024. Laser Digital Chief Executive Officer Jez Mohideen

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Beware: BTC Price Jumps 2% But Bitcoin Exchange Deposits Increase https://coingape.com/beware-btc-price-jumps-2-but-bitcoin-exchange-deposits-increase/ Fri, 08 Sep 2023 06:13:42 +0000 https://coingape.com/?p=158741 The world’s largest cryptocurrency Bitcoin (BTC) has registered a 2% jump in the last 24 hours with the BTC price trading at $26,332 and a market cap of $512 billion. This is quite a breather as the asset continued to face massive selling pressure over the last few weeks. However, this price jump could turn

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The world’s largest cryptocurrency Bitcoin (BTC) has registered a 2% jump in the last 24 hours with the BTC price trading at $26,332 and a market cap of $512 billion. This is quite a breather as the asset continued to face massive selling pressure over the last few weeks. However, this price jump could turn

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CFTC Cracks Down on DeFi Platforms for Illegal Trading of Crypto Derivatives https://coingape.com/cftc-cracks-down-on-defi-platforms-for-illegal-trading-of-crypto-derivatives/ Fri, 08 Sep 2023 05:35:52 +0000 https://coingape.com/?p=158739 In its latest crackdown, the U.S. Commodities and Futures Trading Commission (CFTC) has recently taken enforcement actions against three decentralized finance (DeFi) firms over the alleged illegal trading of digital asset derivatives. On Thursday, September 7, the CFTC named three DeFi firms – Opyn Inc., ZeroEx Inc. and Deridex Inc. – for breaking agency rules

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In its latest crackdown, the U.S. Commodities and Futures Trading Commission (CFTC) has recently taken enforcement actions against three decentralized finance (DeFi) firms over the alleged illegal trading of digital asset derivatives. On Thursday, September 7, the CFTC named three DeFi firms – Opyn Inc., ZeroEx Inc. and Deridex Inc. – for breaking agency rules

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Breaking: JPMorgan Forges Ahead with Blockchain Deposit Tokens for Settlements https://coingape.com/breaking-jpmorgan-forges-ahead-with-blockchain-deposit-tokens-for-settlements/ Fri, 08 Sep 2023 01:02:41 +0000 https://coingape.com/?p=158738 JPMorgan is inching closer to a new era in digital finance, according to a recent report on September 8th. Additionally, a deposit token built on the blockchain is in the final development phases despite the rollout being contingent on U.S. regulatory approval. Significantly, this new product will initially target corporate clients, aiming to expedite settlements

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JPMorgan is inching closer to a new era in digital finance, according to a recent report on September 8th. Additionally, a deposit token built on the blockchain is in the final development phases despite the rollout being contingent on U.S. regulatory approval. Significantly, this new product will initially target corporate clients, aiming to expedite settlements

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Coinbase and Aave Unite to Drive Tokenized Asset Adoption https://coingape.com/coinbase-and-aave-unite-to-drive-tokenized-asset-adoption/ Thu, 07 Sep 2023 20:38:36 +0000 https://coingape.com/?p=158729 Coinbase, Aave, and other key players in the crypto space have banded together to launch the Tokenized Asset Coalition. Besides revolutionizing financial inclusion, this Coalition aims to bring traditional finance (TradFi) investors on board by tokenizing real-world assets (RWAs). Additionally, it is opening a gateway for massive investments, estimated to be in the trillion-dollar range,

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Coinbase, Aave, and other key players in the crypto space have banded together to launch the Tokenized Asset Coalition. Besides revolutionizing financial inclusion, this Coalition aims to bring traditional finance (TradFi) investors on board by tokenizing real-world assets (RWAs). Additionally, it is opening a gateway for massive investments, estimated to be in the trillion-dollar range,

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Breaking: North Korean Hackers Behind $41M Crypto Robbery, FBI Warns https://coingape.com/north-korean-hackers-41m-crypto-fbi-warns/ Thu, 07 Sep 2023 20:37:50 +0000 https://coingape.com/?p=158732 The U.S. FBI has pointed at the notorious Lazarus hacker group, with ties to North Korea, as the mastermind behind a $41 million theft from Stake[.]com. The heist, which sent shockwaves through the world of digital currency, unfolded on or around September 4, 2023, according to an official statement released by the FBI on a

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The U.S. FBI has pointed at the notorious Lazarus hacker group, with ties to North Korea, as the mastermind behind a $41 million theft from Stake[.]com. The heist, which sent shockwaves through the world of digital currency, unfolded on or around September 4, 2023, according to an official statement released by the FBI on a

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US FDIC Chair Warns Of Banking Crisis Risk; Will Bitcoin Benefit? https://coingape.com/us-banking-crisis-bitcoin-btc-price/ Thu, 07 Sep 2023 19:33:27 +0000 https://coingape.com/?p=158730 In what could be a sign of the possibility of yet another spell of US banking crisis, the Federal Deposit Insurance Corporation (FDIC) Chair warned of more downside risks from inflation and high interest rates. Earlier in March 2023, the Bitcoin price saw the much needed spike thanks to the fear, uncertainty and doubt around

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In what could be a sign of the possibility of yet another spell of US banking crisis, the Federal Deposit Insurance Corporation (FDIC) Chair warned of more downside risks from inflation and high interest rates. Earlier in March 2023, the Bitcoin price saw the much needed spike thanks to the fear, uncertainty and doubt around

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Just In: Asia’s Largest Rideshare Grab Integrates Crypto Wallet https://coingape.com/just-in-asias-largest-rideshare-grab-integrates-crypto-wallet/ Thu, 07 Sep 2023 19:26:26 +0000 https://coingape.com/?p=158725 Grab, Asia’s largest ride-hailing platform, has announced the integration of a crypto wallet into its platform. With a user base of a staggering 180 million people, this move could have far-reaching implications for the adoption of digital assets in the region and beyond. Grab Web3 Wallet Integration: Crucial Development for Southeast Asia Grab, often referred

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Grab, Asia’s largest ride-hailing platform, has announced the integration of a crypto wallet into its platform. With a user base of a staggering 180 million people, this move could have far-reaching implications for the adoption of digital assets in the region and beyond. Grab Web3 Wallet Integration: Crucial Development for Southeast Asia Grab, often referred

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Breaking: US CFTC Settles Largest Bitcoin Forex Fraud Case in History https://coingape.com/breaking-us-cftc-settles-largest-bitcoin-forex-fraud-case-in-history/ Thu, 07 Sep 2023 18:05:36 +0000 https://coingape.com/?p=158720 In a recent development, the United States Commodity Futures Trading Commission (CFTC) has announced that it has settled what can be described as the largest Bitcoin (BTC) forex fraud case in history. Consent Order Issued Against MTI On September 6, 2023, Judge David A. Ezra of the U.S. District Court for the Western District of

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In a recent development, the United States Commodity Futures Trading Commission (CFTC) has announced that it has settled what can be described as the largest Bitcoin (BTC) forex fraud case in history. Consent Order Issued Against MTI On September 6, 2023, Judge David A. Ezra of the U.S. District Court for the Western District of

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BTC Price: Bloomberg Strategist Predicts Key Level For Recovery Strength https://coingape.com/bitcoin-btc-price-prediction-crypto-news-2/ Thu, 07 Sep 2023 17:54:22 +0000 https://coingape.com/?p=158717 At a time when the spot Bitcoin ETF mania is gripping the crypto market, the Bitcoin (BTC) price continues to remain in the relatively weaker zone. However, analysts predict that a show of strength around certain price points could mean the cryptocurrency has underlying recovery strength. Also Read: Binance Executives Exodus Creates Opportunity For Law

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At a time when the spot Bitcoin ETF mania is gripping the crypto market, the Bitcoin (BTC) price continues to remain in the relatively weaker zone. However, analysts predict that a show of strength around certain price points could mean the cryptocurrency has underlying recovery strength. Also Read: Binance Executives Exodus Creates Opportunity For Law

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Taiwan Targets Offshore Platforms In Crypto Regulations Draft https://coingape.com/taiwan-targets-offshore-platforms-in-crypto-regulations-draft/ Thu, 07 Sep 2023 17:34:42 +0000 https://coingape.com/?p=158721 The Financial Supervisory Commission in Taiwan has introduced new guidelines to tighten regulations surrounding cryptocurrencies and virtual assets. According to a Central News Agency report, the main focus is restricting offshore platforms from operating in Taiwan without proper registration and compliance. Overseas Platforms Must Register to Operate in Taiwan The Commission has finalized 10 principles

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The Financial Supervisory Commission in Taiwan has introduced new guidelines to tighten regulations surrounding cryptocurrencies and virtual assets. According to a Central News Agency report, the main focus is restricting offshore platforms from operating in Taiwan without proper registration and compliance. Overseas Platforms Must Register to Operate in Taiwan The Commission has finalized 10 principles

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Breaking: Former FTX Executive Ryan Salame to Plead Guilty https://coingape.com/ryan-salame-to-plead-guilty-to-charges/ Thu, 07 Sep 2023 16:18:23 +0000 https://coingape.com/?p=158719 Ryan Salame, the ex-co-CEO of FTX’s Bahamian subsidiary, is reportedly preparing to file a guilty plea in federal court in Manhattan. This Thursday’s presentation is a part of the continuing inquiry into the collapsed digital currency exchange. This development comes just over a month before FTX co-founder Sam Bankman-Fried’s trial. Ryan Salame Under Scrutiny Salame’s

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Ryan Salame, the ex-co-CEO of FTX’s Bahamian subsidiary, is reportedly preparing to file a guilty plea in federal court in Manhattan. This Thursday’s presentation is a part of the continuing inquiry into the collapsed digital currency exchange. This development comes just over a month before FTX co-founder Sam Bankman-Fried’s trial. Ryan Salame Under Scrutiny Salame’s

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XRP Ranks as Most Traded Altcoin in August: Data https://coingape.com/xrp-ranks-as-most-traded-altcoin-in-august-data/ Thu, 07 Sep 2023 16:04:22 +0000 https://coingape.com/?p=158718 Recent data has shown that Ripple-associated digital currency XRP emerged as the most traded altcoin during the month of August, signifying its resurgence in the crypto market. XRP Demonstrates Trading Volume Dominance Kaiko, a reputable digital asset market data provider, gave the update on the X platform, highlighting that XRP exhibited astonishing trading strength despite

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Recent data has shown that Ripple-associated digital currency XRP emerged as the most traded altcoin during the month of August, signifying its resurgence in the crypto market. XRP Demonstrates Trading Volume Dominance Kaiko, a reputable digital asset market data provider, gave the update on the X platform, highlighting that XRP exhibited astonishing trading strength despite

The post XRP Ranks as Most Traded Altcoin in August: Data appeared first on CoinGape.

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