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“# Following SEC notice, Coinbase abandons plan for crypto lending program ” U.S.-based cryptocurrency exchange Coinbase has announced it will not be pursuing its Lend crypto lending program. In a Sept. 17 update to a blog announcing the program in June, Coinbase hinted at difficulties in regulatory clarity across the crypto industry in its decision…
“# FTX crypto exchange expands to Bahamas with new registration ” FTX, one of the world’s largest cryptocurrency exchanges, continues expanding operations by inking major regulatory approval in The Bahamas. The Securities Commission of The Bahamas has registered FTX Digital Markets, the Bahamian subsidiary of the global FTX crypto exchange, as an official digital asset…
“# Fortune launches philanthropic fund for journalism on Ethereum ” American business magazine Fortune has launched a new decentralized donations fund alongside nonfungible token (NFT) artist Pplpleasr, with proceeds earmarked for independent journalists and programs that foster journalistic integrity. The new Fortune Journalism PleasrFund was launched on the Ethereum blockchain through Endaoment, a charity-focused decentralized…
“# Crypto.com expands insurance program to cover $750M ” Digital currency exchange Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s 10 million users. The new policy, effective since Sept. 6, is backed by Arch Underwriting, a division with…
“# Coinbase signs new $1.36M contract with US Customs enforcement agency ” Leading U.S. cryptocurrency exchange Coinbase has secured a contract to develop tech for the Department of Homeland Security worth as much as $1.36 million. Under the agreement, Coinbase has been contracted to deliver “application development software as a service” for the U.S. Immigration…
“#Eric Adams talks nice on business, tough on crime” As he awaits the November general election that’ll likely make him the city’s 110th mayor, Eric Adams continues to sound the right notes on New York’s future and economic recovery. Last week, the Brooklyn Democrat promised a new, pro-business era at City Hall, telling a group…
“#Statue of anonymous Bitcoin creator Satoshi Nakamoto unveiled in Hungary” A group of crypto enthusiasts in Hungary built a bronze bust of the anonymous creator of bitcoin — but had to pay the sculptors in regular currency. The statue, dedicated to the mysterious founder of bitcoin known by the pseudonym Satoshi Nakamoto, was unveiled Thursday…
“# PayPal completes crypto trading rollout for UK customers ” PayPal officially announced on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts. Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As announced previously, crypto trading will…
“# NFT gaming company Animoca Brands acquires majority stake in Bondly ” Animoca Brands, an NFT game developer has announced a substantial investment in the NFT platform Bondly. According to a release issued on Friday, Animoca will own a majority stake in Bondly following the investment. Commenting on the rationale behind its investment in Bondly,…
“# DCG-backed Korean exchange faces closure if it can’t find banking partner ” South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for platforms to submit their requests for an official operating license. To be eligible for a license, all crypto exchanges…