Meta continues to incrementally roll out NFT features for its properties, adding the ability to cross-post NFTs across Facebook and Instagram for select U.S. users Monday. The billion-dollar tech company wants to make it easier for users to share their NFTs—which they refer to as digital collectibles—by only requiring a one-time wallet connection on either Facebook or Instagram. After that,…
The South Korean central bank has indicated that initial coin offerings (ICOs) will be allowed under the Digital Assets Framework Act, according to a local news report. That comprehensive legislation is expected to be introduced in 2023 and implemented the following year. The Bank of Korea (BOK) discussed ICOs in comments to a Korean translation of the European Union’s Markets…
Trading volume among institutional investors for crypto funds fell to $1 billion last week, the second-lowest all year, according to a report from crypto asset manager CoinShares. Trading activity has been low for a while now. Volumes have hovered at just above $1 billion for each of the last three weeks. That’s a 55% drop from the average trading volume…
The United States equities markets are attempting to stabilize after the carnage on Aug. 26. On similar lines, Bitcoin (BTC) is also witnessing a see-saw battle near the psychological level of $20,000 with both the bulls and the bears vying for supremacy. Although several analysts are bearish on Bitcoin in the near term, it has not stopped the whales from…
FTX founder and CEO Sam Bankman-Fried said today that his cryptocurrency exchange is not planning to acquire Huobi Global. Huobi Global is a popular cryptocurrency exchange, with a 24-hour trading volume of $624 million, according to CoinGecko data, making it one of the world’s largest. Earlier this month, a Bloomberg report claimed Huobi Group founder Leon Li was in talks…
Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as part of LIFT Lab, an annual initiative focused on financial innovation.…
According to a recent blog post, 0xfanfaron, CEO of nonfungible tokens (NFTs) gaming project Ragnarok, apologized publicly for his missteps in leading the company. Ragnark is a crypto startup that brought in $15.5 million worth of Ether for gaming development in April through its first-ever NFT sale. However, a0xfanfaron disclosed: “We exchanged the ETH from the mint for 15.5 million…
tl;dr How we protect personal information while complying with existing laws and regulations. Recently, we’ve received questions about why we occasionally review specific accounts and ask for more detailed personal information about the owners of those accounts. In short, we do this to meet our regulatory obligations. Here’s a more detailed explanation: At Coinbase, we strive to be the most…
Surfin’ Bitcoin Conference, Casino Barrière Biarritz, France. Josselin Tonnellier Josselin Tonnellier organized the first Surfin’ Bitcoin Conference to educate people about Bitcoin and his French startup StackinSat, through which Europeans can accumulate Bitcoin via dollar cost averaging. “Bitcoin is quite niche in France. We have a lot of blockchain and shitcoining,” Tonnellier remarked. There aren’t many Bitcoin-only businesses in France.…
Global crypto exchange FTX will not be acquiring a majority stake in Huobi, according to CEO Sam Bankman-Fried, Or SBF. In a Monday tweet, SBF explicitly denied a Bloomberg report that claimed FTX was planning to purchase crypto exchange Huobi. Cointelegraph reported on Aug. 12 that Huobi co-founder Leon Li was considering selling his majority stake, valued at more than $1…
