The Reddit community has been rocked by ongoing protests against this move, which Reddit CEO Steve Huffman billed as a business decision designed to force profit-making companies that feed off Reddit data to fund the API. Continue Reading on Coin Telegraph More
Asset transfers are currently carried out through messaging along the chain of the parties involved. Messaging takes place almost instantly, but settlement does not, Tony McLaughlin, head of emerging payments and business development at Citi Treasury and Trade Solutions, said in a webinar introducing the project results.Continue Reading on Coin Telegraph More
A money transmitter license allows a company to provide transfer services or payment instruments. This differs from a license to conduct sales in that it’s meant to provide consumer protections for businesses that facilitate the transmission of money from one party to another, not just the purchase of products and services. Continue Reading on Coin Telegraph More
Data shared with Cointelegraph highlights the low point for NFT royalties before the impact of a recent drop in the floor price of Bored Ape Yacht Club (BAYC) NFTs, as well as the controversy surrounding the launch of the Azuki Elementals collection.Continue Reading on Coin Telegraph More
Crypto data platform RootData highlighted that the second quarter of 2023 delivered one of the worst performances in terms of crypto fundraising. Compared with the first quarter of 2022, where $12.62 billion were raised across 559 funding rounds, Q1 2023 saw around $2.1 billion across 292 rounds — an 83% decrease in VC investments flowing into the space. Continue Reading on Coin Telegraph More
During the ask-me-anything session on July 5, CZ addressed various topics, including BlackRock’s entry into the cryptocurrency market, regulatory actions against Binance, and his forecast for the upcoming bull run.He noted that bitcoin tends to follow four-year cycles and highlighted the significance of the next Bitcoin halving event in 2024. While CZ acknowledged that he couldn’t predict the future with certainty, he anticipated that the next bull market would start around 2025.CZ also commented on BlackRock’s entry into the spot Bitcoin exchange-traded fund (ETF) space. He viewed this development as highly beneficial for the crypto industry. Despite concerns about the compatibility of traditional finance companies with Bitcoin’s decentralized nature, CZ downplayed the risk of customer poaching, stating that there was minimal overlap between Binance’s user base and potential BlackRock (NYSE:BLK) customers.The Binance CEO expressed preparedness for increased trading volumes in the coming months, driven by growing institutional interest and the upcoming Bitcoin halving. He also mentioned positive remarks by BlackRock CEO Larry Fink, who emphasized Bitcoin’s potential as an international asset and a hedge against inflation and currency depreciation.Addressing regulatory actions against Binance, CZ assured participants that he and the Binance team were working towards a prompt and mutually agreeable resolution. Although he couldn’t provide specific details, he committed to finding a good solution through discussions and collaborations with regulatory bodies.CZ’s optimistic outlook on the next Bitcoin bull run aligns with his belief in Bitcoin’s cyclical behavior. As the cryptocurrency market evolves and institutional interest grows, Binance is prepared to handle higher trading volumes in the coming months. The exchange actively engages in discussions and collaborations with regulators, aiming to ensure compliance and maintain a thriving ecosystem for cryptocurrency traders and investors.This article was originally published on Crypto.news More
While Dogecoin (DOGE) holds the reins as the pioneer in this pack, other dog-themed coins have also emerged as formidable contenders boasting impressive market capitalization and dedicated communities. It’s a testament to the power of cute, lighthearted memes to bring people together within the dynamic and ever-evolving crypto landscape.Continue Reading on Coin Telegraph More
The jump in the world’s largest cryptocurrency comes amid reports that fund managers are looking to create a U.S.-listed spot bitcoin exchange-traded fund, or ETF.Major financial firms, including BlackRock (NYSE:BLK), Invesco (NYSE:IVZ), and Fidelity have filed applications to U.S. regulators to sell the ETFs, which would be backed by actual Bitcoin.According to news reports, BlackRock’s application has been seen by investors as a sign that the U.S. Securities and Exchange Commission may be on the verge of dropping its opposition to these types of products.The SEC has previously rejected similar instruments due to concerns over volatility and possible fraud or manipulation. Currently, the only cryptocurrency-linked ETFs that U.S. regulators have approved are tied to Bitcoin futures contracts, which are listed and monitored by the Chicago Mercantile Exchange.Shares in cryptocurrency-exposed companies, such as digital coin exchange Coinbase (NASDAQ:COIN) and crypto miners Riot Platforms (NASDAQ:RIOT) and Marathon Digital (NASDAQ:MARA), also gained in premarket trading on Thursday. More
