Crypto Box Shilling - Memecoin

2023-10-26 11:16:13 Altcoins Join the Bitcoin Party, Ethereum (ETH) Moves Close to $2,000

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2023-10-25 01:14:16 ​Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry

Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should they recur.

According to Taiwanese government officials, the country’s financial sector regulator — the Financial Supervisory Commission (FSC) — is set to become the body overseeing and regulating the country’s virtual currency industry. As per a CNA report, an announcement to this effect is set to be made in late March or early April. Open / Comment

2023-10-22 16:28:14 Binance onboards fiat partners for Euro withdrawals and deposits following Paysafe separation

Binance penned new partnerships with fiat providers to enable Euro transactions, a month after Binance's original Euro banking partner Paysafe stopped working with the firm. "We have signed agreements with a number of new regulated and authorized fiat partners to provide a variety of fiat services to our community. Users have already started being migrated to the new services," Binance wrote in a Thursday release. Services stemming from the partnership includes EUR transactions via Open Banking.

"Being able to easily convert fiat to crypto, and back to fiat again, is a crucial part of advancing the adoption of digital assets globally. Without an easy way to buy or sell crypto, users who are new to the space can find the process of buying or selling crypto unintuitive and intimidating. Offering fiat services provides essential ease of use to all participants in the crypto ecosystem," Binance added. Binance's new partnerships come after the firm experienced another major setback in the summer, when the German financial regulator BaFin rejected Binance's custody license application. "SEPA," or Single Euro Payments Area, includes 36 countries that enable cashless Euro payments in the European Union. Open / Comment

2023-10-20 15:35:22 Gecko Terminal Integrates With FlokiFi Locker, Signifying Increasing Adoption for Floki

GeckoTerminal, the renowned Decentralized Exchange (DEX) tracker tool offered by Coingecko, has made a significant move by integrating with Floki's crypto locker protocol, FlokiFi Locker. This collaboration highlights the growing acceptance and adoption of Floki in the cryptocurrency industry.

GeckoTerminal, with its massive user base of over 50 million annual visitors, serves as the largest independent aggregator of cryptocurrency data worldwide. Its platform currently tracks an impressive number of tokens, exceeding 1.5M, across over 100 networks.

The integration of FlokiFi Locker into GeckoTerminal provides users with seamless access to lock details for projects that utilize FlokiFi Locker to secure their liquidity pools. This integration brings convenience and efficiency to the fingertips of GeckoTerminal's users.

For Floki, this integration represents a significant triumph, as it signifies the increasing adoption of their utility products by the most prominent and respected brands in the crypto realm. Moreover, it opens doors to introduce FlokiFi Locker potentially, and consequently Floki itself, to millions of new users. This partnership begins a fruitful and mutually beneficial collaboration between two exceptional crypto brands.

As GeckoTerminal and Floki join forces, the crypto community can expect enhanced accessibility and visibility for FlokiFi Locker, further solidifying Floki's position as an influential player in the cryptocurrency landscape. Open / Comment

2023-10-20 11:15:33 FTX Founder’s Vulgar Messages Exposed in Fraud Trial

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2023-10-18 03:18:03 opBNB-based AI platform MyShell raises funds at $57 million valuation

MyShell, an opBNB-based platform that offers AI tools, has raised $5.6 million in a seed funding round. The round was led by INCE Capital, with participation from Hashkey Capital, Folius Ventures, SevenX Ventures, OP Crypto and others, MyShell said Monday. This was an equity with token warrants round and brought MyShell's valuation to $57 million, co-founder Ethan Sun told The Block in an interview. MyShell also raised a small $200,000 pre-seed round earlier this year from friends and the crypto community, Sun said.

Launched in May, MyShell is a web3-enabled AI platform that lets users create personalized chatbots called "Shells." The platform is for both content creators and consumers — creators can generate AI content bots, and consumers can find and use those bots. Since its launch in May, MyShell claims to have already gained over 30,000 creators and over 400,000 users. It aims to bring a creator ecosystem to blockchain. "The AI landscape today is grappling with pressing challenges, including a lack of transparency, centralization, and misaligned incentives," said Sun. "Our goal is to cultivate an ecosystem where users genuinely own their creations and receive fair compensation for their work." Open / Comment

2023-10-16 01:53:05 Frax Finance's Fed Yield-Matching Staking Vault Attracts $30M, FXS Steady

Frax's governance token FXS is in stasis as the decentralized finance protocol's nascent high-yielding staking product draws millions in investor money. Early Thursday, Frax unveiled sFRAX, an ERC4626 staking vault allowing holders of the protocol's partially collateralized fractional-algorithmic stablecoin FRAX to earn yields matching the U.S. Federal Reserve's (Fed) interest rate on reserve balances (IORB), currently around 5.4%. The product debuted with an APY of 10%, eventually converging with the Fed's 5.4% IORB rate.

FXS' price rose 7% to $5.66 on Thursday, but has since pulled back to $5.49 to indicate a 0.5% gain on a 24-hour basis, CoinDesk data show. The steady price action is consistent with the continued low-volume range play among market leaders bitcoin and ether. The new offering comes as lending protocol MakerDAO enjoys a first-mover advantage in capitalizing on high interest in the U.S. According to Parsec Finance, MakerDAO has invested over $2 billion in short-term bonds via offchain structures since February 2022, offering a 5% savings rate on DAI and buy back its MKR token. On a year-to-date basis, MKR has gained over 168%, outshining bitcoin's 62% rise by a big margin. FXS, meanwhile, has gained only 32% this year. Some in the crypto community expect FXS to catch up with MKR. Open / Comment

2023-10-13 03:27:13 ​​Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets

Just recently the developers behind the Bitcoin Cash-centric project Anyhedge released the alpha version of the Anyhedge Whitelabel and since then, 284 smart contracts were created onchain, and more than $32,900 in funds hedged using the alpha protocol.

Furthermore, this month, General Protocols, the engineers behind Anyhedge, revealed the team plans to launch a decentralized application (dapp) on the Bitcoin Cash blockchain that allows anyone to long bitcoin cash against a myriad of tradeable assets.

General Protocols to Launch a Decentralized Application That Allows Users to Hedge or Long Bitcoin Cash, Anyhedge Alpha Whitelabel Recently Released
In recent times, there’s been a few different projects building within the Bitcoin Cash (BCH) ecosystem. One protocol called Anyhedge just released the protocol’s alpha version, which allows users to create smart contracts onchain.

Furthermore, the team behind Anyhedge, General Protocols, recently summarized the Anyhedge Extension, which was made possible after the new ruleset changes were applied to the BCH network last May. Open / Comment

2023-10-11 18:41:34 Ripple CFO Kristina Campbell exits company

Ripple's Chief Financial Officer Kristina Campbell has left the company after about two and a half years. Campbell's LinkedIn profile shows that she no longer works at Ripple and instead, as of this month, started working as CFO at Maven Clinic, a digital health care provider. The Harvard-educated executive previously worked several years in financial services before joining Ripple in April 2021. Ripple has been engaged in a battle with the Securities and Exchange Commission, with the regulatory agency suing the company. A trial is slated for next year.

Ripple’s Chief Financial Officer of roughly two and a half years has departed the crypto company and started working in the health care industry. Campbell's LinkedIn profile shows that she no longer works at Ripple and instead, as of this month, started working as CFO at Maven Clinic, a digital health care provider. The Harvard-educated executive previously worked several years in financial services before joining Ripple in April 2021. The crypto market has been exceedingly volatile thanks in large part to a prolonged bear market, and layoffs have been common. Ripple, meanwhile, has been making inroads in markets outside the U.S., including the Asia Pacific region. Ripple did not immediately respond to a request for comment from The Block. Open / Comment

2023-10-11 14:57:00 Binance’s Ambitious $1 Billion Crypto Industry Recovery Initiative Has Failed: Bloomberg

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