Grayscale recently won a legal battle against the U.S. Securities and Exchange Commission (SEC) that could open the door for the digital asset management firm to transform its GBTC fund into a spot Bitcoin ETF. The court ruled that the SEC must reconsider Grayscale’s application, overturning the SEC’s initial denial on grounds that the decision […]
Binance, the leading crypto exchange, has launched ColLabs, an invite-only Web3 investment and financing community. The program is designed to bring together founders, builders and investors, and to become the knowledge exchange hub for the Web3 venture capital community. Members will have access to exclusive content, select curricula from Binance Labs’ incubation programs, and deal-sourcing […]
Robinhood, a US-based investing and trading platform giant, has been identified as the owner of the fifth largest Ethereum (ETH) wallet address. Data from Arkham Intelligence shows that the company’s cold wallet address holds 1,493,000 ETH worth $2.54 billion. This makes Robinhood the fifth largest holder of the token behind major crypto exchanges Kraken and […]
Coinbase announced on Aug. 30 that it will soon add support for PayPal’s stablecoin, PYUSD, on the Ethereum network as an ERC-20 token. Trading is expected to begin on or after 9:00 AM PST on Aug. 31, assuming liquidity conditions are met. PYUSD was initially launched by PayPal on Aug. 7 and is now supported […]
Coinbase announced on Aug. 30 that it will soon add support for PayPal’s stablecoin, PYUSD, on the Ethereum network as an ERC-20 token. Trading is expected to begin on or after 9:00 AM PST on Aug. 31, assuming liquidity conditions are met. PYUSD was initially announced by PayPal on Aug. 7 and has since been […]
US Bitcoin Corp (USBTC) has announced that it will host 8,500 Bitcoin miners with an estimated hashrate of 820 petahash belonging to bankrupt crypto lender Celsius at its Alpha Site. This is part of an arrangement that could see it manage up to 310,000 Bitcoin miners from Celsius and other clients. In May, USBTC, as […]
Robinhood, the commission-free trading app with 23 million users, has recently introduced in-app swaps for Ethereum and Polygon, as well as allowing users to hold, send, and accept Bitcoin and Dogecoin. The platform is aiming to bridge the gap between traditional financial services and decentralized finance (DeFi) by offering users access to decentralized apps and […]
Binance Japan, a subsidiary of the world’s largest crypto exchange, Binance, has announced plans to increase the number of cryptocurrencies listed on its platform to 100. The exchange is also collaborating with local cryptocurrency exchanges to provide better liquidity to its users. Binance Japan previously offered access to 34 tokens for spot trading.The exchange is […]
Nexo, a crypto lender, and Mastercard, a global payments company, have partnered to create the world’s first dual-mode cryptocurrency card. This card allows users to switch between debit and credit modes to meet their transactional needs and can be used at over 100 million merchants worldwide. The card also allows users to spend their available […]
Mercedes-Benz is set to launch its innovative NFT collection, Mercedes-Benz NXT Icons, on September 5th. The collection will feature historical car models with various custom traits. Mercedes has identified the potential in the Web3 space and is partnering with Omnicom to tap into it. The collection will be split into 7 eras, with a total […]
