Crypto Calendar News

2023-04-08 10:47:02 Avalanche Activated Cortina Upgrade On Fuji Testnet, AVAX Up Nearly 2%

According to a tweet by Patrick O’Grady, technical director of Ava Labs, Avalanche successfully enabled the Cortina upgrade on the Fuji testnet at 3 pm UTC on Thursday, April 6th, 2023. Cortina makes it easier for exchanges that support Avalanche’s X-Chain, the protocol it uses to send and receive funds. According to Avalanche, the upgrade will also allow for faster development, among other benefits.

The Cortina upgrade includes protocol optimizations incompatible with AvalancheGo v1.10.0 versions. If you run a node on Fuji, you must upgrade your software to AvalancheGo v1.10.0 before activation on Fuji. If you are a Mainnet node operator, you only need to take action once the official [email protected] code is published. The latest version of AvalancheGo will migrate the X-Chain to run the Snowman++ consensus engine, meaning the entire network has been migrated to a single consensus engine, reducing the size of the trusted computing base and leveraging existing R&D efforts.

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2023-04-07 07:48:02 RACA Raised $16 Million From DWF Labs To Create The Web3 Game Ecosystem

According to the information, DWF Labs’ agreement to engage in RACA involves a commitment to purchase back a number of RACA tokens. The DWF Labs money will assist RACA in its aim of becoming a larger Web3 gameplay environment. Web3 gaming is a new business that uses blockchain technology to deliver a decentralized gaming experience to consumers. Web3 games, as opposed to conventional gaming platforms.

The firm has reached a major milestone with the investment from DWF Labs, showing that the company’s idea for the future of Web3 gaming is getting momentum in the investment community. It is also a clear sign of Web3 gaming’s potential, as investors increasingly recognize the worth of open gaming platforms. We can anticipate even more invention and development in this exciting new sector as the business continues to develop its platform and extend its products. The platform is positioned to become a significant participant in the Web3 gaming environment, with an emphasis on building realistic and compelling gaming experiences.

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2023-04-06 09:53:02 Trust Wallet Partners With MoonPay and Ramp for Off-Ramp Integration

Trust Wallet, a non-custodial crypto wallet with over 60 million users, has partnered with crypto payments services Moonpay, and Ramp Network to allow users to convert their crypto into fiat currencies within its app, enabling a smoother off-ramp experience. The aim is to allow users to move in and out of crypto solely through their self-custody wallet having full ownership of their assets.

Trust Wallet said it will offer discounts to users who have above 100 Trust Wallet Tokens (TWT), in an attempt to reduce off-ramp fees. At the time of writing, TWT was trading at $1.19. “Before our partnership, Trust Wallet users had to choose between the risk of simple, centralized custodial solutions, and the more demanding journeys of more secure, non-custodial solutions,” said Said Szymon Sypniewicz, chief executive officer at Ramp. The wallet will offer discounts to users who own over 100 Trust Wallet Tokens to reduce off-ramp fees.

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2023-04-05 08:44:02 Binance US Branch Shares Rise 24% Despite CFTC Targeting The Exchange

According to a recent estimate, Binance lost 16% of its market dominance in the first quarter of 2023. According to the story, the drop was caused by the CFTC lawsuit and the firm’s choice to discontinue its free trading program. While Coinbase’s shares have dropped nearly 49%, Binance US shares have increased 24%. The top cryptocurrency exchange has lost nearly 16% of its market share of transaction activity in the two weeks following the CFTC’s case against the exchange.

The US Commodity Futures Trading Commission (CFTC) accused this platform and its CEO Changpeng Zhao of engaging in financial operations without appropriate registration since 2019. The platform also stated that, while Binance remains one of the biggest platforms in the world, with a 54% market share, it experienced a significant drop in market share in the first quarter of 2023. Chinese reporter Collin Wu posted a message on his official Twitter page Wu blockchain mentioning the exchange’s loss: According to Kaiko, after the CFTC launched a lawsuit and the firm discontinued most zero-fee operations, Binance lost 16% of its spot market share to 54%, but only lost about 2% of its perpetual contract market share.

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2023-04-04 09:03:02 Bybit Promotes Expansion Of Operations At New Crypto Hub Hong Kong

Bybit, one of the largest cryptocurrency derivatives exchanges based in Dubai, said it is working on setting up its core Asian business in Hong Kong and plans to set up a division of the research, development, and marketing team in Hong Kong, reported the WSJ. The exchange, founded in 2018, also intends to apply for a license in Hong Kong under the proposed rules that come into effect in June.

According to previous information, on March 31, Bybit was warned by the Japan Financial Services Agency for offering cryptocurrency trading without registration based on the same administrative principles as with three other crypto exchanges outside of Japan. Currently, Hong Kong is considered a golden land for the development of cryptocurrency companies around the world. Global crypto dominance plans for Hong Kong are underway. According to the report, Hong Kong’s Securities and Futures Commission proposed a new licensing framework focusing on investor protection in February.

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2023-04-03 06:20:02 Thousands of Coins Listed During the Crypto Boom Have Died

The heyday is over for crypto makers. At least, that’s what it seems as crypto coins and tokens continue dropping like flies.Data aggregator CoinGecko is commonly used to track cryptocurrencies. It defines a “dead coin” as one that has seen no trading activity within the last two months, has been outed as a scam or has requested removal from the CoinGecko database. As of mid-March, CoinGecko reports that 1,866 of the 6,300 cryptos it listed in 2022.

Despite the huge number of cryptos that have disappeared, 2021 was a boom time for the market. Speculative investments like meme stocks took off in early 2021, thanks partly to a massive increase in government spending and lax interest rates. Cryptocurrency was one of the biggest beneficiaries of this trend. During that year the market capitalization of the industry rose from $965 billion to as much as $2.6 trillion, according to a Morningstar analysis of data from CoinGecko. Driving much of this growth was the money flowing into coins like Dogecoin and other trendy, questionable crypto investments like the Omicron token.

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2023-04-02 06:42:02 U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says

The U.S. government has a “substantial case on the merits” in its bid to quash a $1 billion deal by Binance.US to buy the assets of bankrupt crypto lender Voyager, a New York judge said Friday. District Judge Jennifer Rearden said she’d try and move quickly to settle a dispute, given that delays could cost as much as $10 million per month for the estate.

Earlier in March, U.S. Bankruptcy Judge Michael Wiles approved the sale, but this week Rearden said she would put that on hold while she considered objections from the U.S. Attorney that the contract effectively rendered Voyager immune by exculpating it from breaches of tax or securities law. Government arguments have “gone entirely unrebutted” by Voyager and its creditors, “neither of which has provided any authority for the proposition that a bankruptcy court can release criminal liability,” Rearden said. Binance's U.S. arm bid for Voyager last year after FTX, the previous bidder, itself collapsed.

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2023-04-01 07:04:02 UK economic crime plan looks to tighten grip on crypto kleptocrats and fraudsters

The UK Treasury and Home Office plan to tighten their grip on crypto money launderers and kleptocrats, according to the latest three-year Economic Crime Plan published on Thursday. As part of this, the UK expects criminals will use less-regulated crypto exchanges and services in the future, requiring more coordinated law enforcement action between countries.

"The government will set out ambitious plans to protect consumers and grow the economy by robustly regulating cryptoasset activities – providing confidence and clarity to consumers and businesses alike," the policy paper reads, adding that this is in order to make the UK "an attractive destination for cryptoassets and cryptoasset innovation in the world.". The plan points to goals such as cutting fraud, reducing money laundering, recovering criminal assets, combatting kleptocracy and driving down sanctions evasion.

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2023-03-31 10:14:02 Gemini Want To Launch Overseas Crypto Derivatives Exchange

The Information reported Wednesday that the US-based cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, is aiming to start an international cryptocurrency derivatives exchange, citing two individuals familiar with the situation. The exchange would particularly provide perpetual futures, a sort of derivative that is prohibited in the United States for regular traders since it would not have an expiry date.

Nevertheless, international crypto derivatives exchanges have gotten a lot of attention in the days after the Commodities Futures Trading Commission (CFTC) filed a lawsuit against Binance, the world’s biggest crypto exchange, by trading volume. Binance was accused of violating US futures trading regulations and operating unlawfully in the US, according to the regulator. Gemini’s move follows the demise of the multinational crypto exchange FTX, which created greater opportunities for other trading platforms to gain market share in derivatives trading. Coinbase, a cryptocurrency exchange located in the United States, is allegedly considering a similar deployment.

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