Another cryptocurrency platform has frozen user withdrawals in response to the bear market. Crypto derivatives exchange CoinFLEX today announced that it is discontinuing account withdrawals on its platform, citing trouble with a counterparty. “Due to extreme market conditions last week & continued uncertainty involving a counterparty, today we are announcing that we are pausing all withdrawals,” CEO Mark Lamb wrote…
TL;DR: Over the next month, eligible Coinbase customers will be able to send and receive ETH, MATIC, and USDC on Polygon, and USDC on Solana. The Polygon integration marks the first time Coinbase has enabled the ability to send and receive these assets on an L2. By Nemil Dalal, Director, Product Management and Justin Blumenthal, Product Manager Sending crypto on…
In a new blog post published Thursday, Coinbase says that starting June 27, all of its customers in the Netherlands will need to complete new know-your-customer, or KYC, requirements when transferring digital assets to wallet addresses that are not based on the exchange. This includes providing the recipient’s full name, the purpose of transfer, and the recipient’s complete residential address.…
The e-commerce and online auction giant Ebay has announced the company has acquired the non-fungible token (NFT) marketplace Knownorigin. Ebay declared that the acquisition is an “important step in Ebay’s tech-led reimagination.” Ebay Purchases NFT Marketplace in Order to Make E-Commerce Site the World’s Top Destination for Collectibles Ebay revealed on Wednesday that the company has purchased the NFT marketplace…
Aave (AAVE) founder and CEO Stani Kulechov said the firm was continuing to develop its decentralized social media platform, with Web3 potentially changing the way many view ownership. Speaking to Cointelegraph at the Collision conference in Toronto on Thursday, Kulechov said Web3 — a buzzword often thrown around, which generally describes the next evolution of an internet based on blockchain technology…
The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet its financial obligations on June 15 and this caused severe impairments among centralized lending and staking providers like Celsius and Babel Finance. On June 22, Voyager Digital, a New York-based digital assets lending and yield company listed on the Toronto Stock exchange, saw its shares drop nearly 60%…
In brief Solana Labs has announced an Android-based software kit for developing mobile Web3 apps. The firm will also release its own smartphone called Saga, which will be released in 2023. Solana Labs’ next big bet for Web3? Mobile apps—and a smartphone to match. Today in New York City, Solana Labs—which represents the founders and core contributors of the Solana…
According to reports, the TSX-listed Voyager Digital is another company that has been negatively affected by financial issues tied to the crypto hedge fund Three Arrows Capital (3AC). In a letter to investors, Voyager’s management explained that 3AC potentially defaulted on a $655 million loan and it hopes to obtain some of the funds by the end of this month.…
Bitcoin (BTC) preserved $20,000 for another day on June 23 with calls for another 20% drop still surfacing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin under $10,000 not impossible Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging just above the $20,000 mark over the 24 hours to the time of writing. As ever, the behavior reflected moves in…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Voyager’s Loan Book Exposure Early on June 22, 2022, Voyager Digital, a crypto company which enabled users to deposit on their…
