We’re thrilled to announce that Kraken now supports deposits and withdrawals of USD Coin (USDC) on Optimism! Funding USDC funding via Optimism is already live. You can transfer USD Coin (USDC) to your Kraken account by navigating to Funding and selecting USDC. From there, use the drop-down box to select the desired deposit method (network): Optimism. Note: Kraken currently supports…
Bitcoin infrastructure developer Nostr Assets has paused deposits following record-high user activity. According to a Dec. 5 announcement posted on Telegram, Nostr Assets developers warned, “Please await further announcements and do not attempt to deposit into NostrAssets for the time being.” The service, which allows users to transact Satoshis, or or 1/100 millionth of a Bitcoin (BTC), through the Lightning…
PayPal’s introduction of its native stablecoin, PayPal USD (PYUSD), has sparked heated debates within the crypto industry regarding its possible sway on payments and wider crypto adoption. While this step seems to be a big jump toward accepting cryptocurrencies in regular finance, some industry observers advise caution. They underline the hurdles and limitations that could slow down broader adoption. What…
The former president of FTX US dishes the dirt on his falling out with former Jane Street colleague Sam Bankman-Fried and predicts the spot Bitcoin ETF will far outshine the record-breaking success of the Bitcoin Futures ETF. Who is this guy anyway? The ex-president of FTX US, Brett Harrison, tells Magazine that he didn’t say a single word to Sam…
The Swiss city of Lugano is enhancing the local adoption of Bitcoin (BTC) by enabling citizens and companies to pay for municipal services and taxes with cryptocurrency. The city of Lugano officially announced on Dec. 5 that the local administration now accepts cryptocurrency payments for taxes and all other community fees. Starting immediately, Lugano will accept Bitcoin and the major…
Pension funds are in a perpetual crisis worldwide, with low demographic rates in many countries foreshadowing a dim future for such investments, combined with young people’s lack of faith in the continued existence of social security models. In order to stay afloat, many pension funds have strived to remain apprised of new investment opportunities, including cryptocurrencies. According to a 2022…
The Bank of Italy announced on Dec. 5 through its official channels that it has entered into a memorandum of understanding with the Bank of Korea – South Korea’s central bank- regarding IT and payment systems. According to the Italian central bank, this memorandum of understanding will entail the “mutual sharing of knowledge and information” when it comes to information…
A bill defining crypto assets as securities and featuring the capital gains tax on them made it through the Parliamentary Committee. It will be introduced to the lower chamber of Parliament as a next step. As the Kenyan newspaper Business Daily reported on Dec. 4, the Capital Markets (Amendment) Bill, 2023, has been approved by the National Assembly’s Finance and…
The world of digital art and collectibles has been revolutionized by the introduction of non-fungible tokens (NFTs). There are hundreds of promising NFTs startups on the crypto market these days. If you are an artist, collector, or investor, the NFT landscape provides you with numerous opportunities to generate income. If you’ve been wondering how to make money with NFTs, you’ve…
Generative AI image tools like Runway, Stable Diffusion, and Midjourney have redefined what it means to be an artist in 2023. While some creators may be wary of artificial intelligence, Los Angeles-based Lore Machine says its new platform can be a powerful ally for Hollywood writers. ”We initially built the system for screenwriters to visualize their scripts—that was certainly the…
