TL;DR Breakdown Coinbase has launched a crypto lending service aimed at U.S.-based institutional investors, already attracting over $57 million in investments through its Coinbase Prime service. The announcement coincides with an expansion of Coinbase’s bond buyback program to $180 million, signalling the company’s confidence despite a challenging market and regulatory landscape. Description Coinbase Global, the popular cryptocurrency exchange, is seizing a significant opportunity in the volatile crypto lending market. With several major players like BlockFi and Genesis Global exiting the market following financial distress, Coinbase has announced its entry into the lending space for institutional investors in the United States. Contents hide 1 A new service for … Read more Coinbase Global, the popular cryptocurrency exchange, is seizing a significant opportunity in the volatile crypto lending market. With several major players like BlockFi and Genesis Global exiting the market following financial distress, Coinbase has announced its entry into the lending space for institutional investors in the United States. Contents hide 1 A new service for institutional lending 2 Why previous lenders failed 3 Regulatory hurdles and bond buyback programs 4…

TL;DR Breakdown Grayscale Investments formally requests the SEC to approve the conversion of its GBTC into a spot Bitcoin ETF following a U.S. Appeals Court ruling that overturned the SEC’s previous denial. The asset manager highlights undue regulatory delays and argues that the court ruling leaves no legal ground for the SEC to differentiate between Bitcoin futures ETPs and spot Bitcoin ETPs. Description In a significant move that could reshape the cryptocurrency landscape, Grayscale Investments, the world’s largest digital asset manager, has formally submitted a letter to the U.S. Securities and Exchange Commission (SEC), urging the regulatory body to greenlight its proposal to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin Exchange-Traded Fund (ETF). This formal … Read more In a significant move that could reshape the cryptocurrency landscape, Grayscale Investments, the world’s largest digital asset manager, has formally submitted a letter to the U.S. Securities and Exchange Commission (SEC), urging the regulatory body to greenlight its proposal to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin Exchange-Traded Fund (ETF). This formal request comes from a…

TL;DR Breakdown USD Coin (USDC) has expanded its ecosystem by launching natively on both the Base and Optimism networks, a strategic move by Circle to regain market share lost to competitors like Tether (USDT). The native launch allows for seamless transactions, enabling Circle and Coinbase account holders to directly send USDC to either network. Circle is also working on a system to swap old, bridged versions of USDC for the new, official versions. The move comes amid increasing competition in the stablecoin market, with Circle facing new entrants like First Digital USD and PayPal USD. The native launch is part of a broader strategy to improve user experience and regain footing in the competitive landscape. Description In a strategic move to bolster its market presence, USD Coin (USDC) has launched natively on both the Base and Optimism networks. The announcement came on September 5, marking a significant milestone for Circle, the company behind USDC, seeking to regain market share lost to competitors like Tether (USDT). A leap toward seamless transactions The … Read more In a strategic move to bolster…

Description Unleashing creativity and engaging audiences has never been easier, thanks to ICP’s groundbreaking platform, Kontribute. In today’s digital age, storytelling transcends mere words on a page; it’s about immersing readers in vibrant narratives that resonate deeply.  Whether you’re an aspiring writer or an established author, Kontribute empowers you to breathe life into your stories like … Read more Unleashing creativity and engaging audiences has never been easier, thanks to ICP’s groundbreaking platform, Kontribute. In today’s digital age, storytelling transcends mere words on a page; it’s about immersing readers in vibrant narratives that resonate deeply.  Whether you’re an aspiring writer or an established author, Kontribute empowers you to breathe life into your stories like never before. This article explores the innovative features and unparalleled potential of ICP’s Kontribute, demonstrating how it paves the way for a new era of captivating and interactive storytelling. Contents hide 1 What is Kontribute? 2 Kontribute features 2.1 Storytelling 2.2 Kontribute NFTs 2.3 Kontribute launchpad 3 How to use Kontribute to tell your story 4 Examples of Stories on Kontribute 5 Conclusion What is Kontribute?…

TL;DR Breakdown Stake has announced that it has reopened deposits and withdrawals after the platform’s hack. Security concerns in the crypto industry mount. Description In a remarkable turn of events, the crypto betting platform Stake managed to reopen its deposit and withdrawal services just five hours after suffering a significant security breach that resulted in estimated losses of $41.3 million, according to blockchain security firms. Stake resumed all its services on September 4 at 9:28 pm UTC after confirming … Read more In a remarkable turn of events, the crypto betting platform Stake managed to reopen its deposit and withdrawal services just five hours after suffering a significant security breach that resulted in estimated losses of $41.3 million, according to blockchain security firms. Stake resumed all its services on September 4 at 9:28 pm UTC after confirming unauthorized transactions on its ETH/BSC hot wallets. Stake loses $41.3 million after a security breach While the extent and details of the exploit are yet to be fully disclosed, Stake reported that its Bitcoin, Litecoin, and XRP wallets remained unaffected. Crucially, the platform…

TL;DR Breakdown Japan’s Financial Services Agency has proposed a new initiative for crypto tax in the country. Simplifying taxation and encouraging crypto trading. Description Japan’s Financial Services Agency (FSA) is taking the initiative to regulate cryptocurrencies and has proposed significant changes to the country’s tax code related to digital assets. The proposal, submitted on August 31st, outlines several key revisions aimed at fostering a more favorable environment for the promotion of Web3 technology and supporting blockchain-based startups. One of … Read more Japan’s Financial Services Agency (FSA) is taking the initiative to regulate cryptocurrencies and has proposed significant changes to the country’s tax code related to digital assets. The proposal, submitted on August 31st, outlines several key revisions aimed at fostering a more favorable environment for the promotion of Web3 technology and supporting blockchain-based startups. One of the most noteworthy proposals in the 16-page document is the elimination of the year-end “unrealized gains” tax on crypto for domestic firms. Japan’s FSA wants to remove unrealized gains tax Under the current taxation framework in Japan, legal entities are subject to taxes…

TL;DR Breakdown MetaMask Portfolio has introduced a new “Sell” feature that allows users to easily convert their cryptocurrencies into fiat currencies such as USD, EUR, and GBP, enhancing the platform’s existing “Buy” feature for a seamless web3 experience. The feature aggregates multiple vetted providers to offer real-time conversion rates, initially supporting ETH on the Ethereum Mainnet with plans to expand to other tokens and layer 2 networks. Initially available in the US, UK, and parts of Europe, MetaMask aims to extend this feature globally, making web3 technology more accessible by providing easy entry and exit points to the crypto market. Description In a significant update, MetaMask Portfolio has rolled out a new Sell feature that enables users to easily convert their cryptocurrencies into fiat currencies like USD, EUR, and GBP. This addition aims to provide a more self-sufficient Web3 experience by reducing the number of intermediaries involved in the conversion process. A diverse array of vetted … Read more In a significant update, MetaMask Portfolio has rolled out a new Sell feature that enables users to easily convert their cryptocurrencies…

TL;DR Breakdown MetaMask has made a significant announcement revealing the launch of a new feature that enables users to easily sell their Ether (ETH) holdings for fiat currency.  While the initial launch is focused on Ether, the Company has expressed plans to expand this capability to include “native gas tokens on layer 2 networks” in the future, potentially broadening its utility to a wider range of cryptocurrencies and blockchain networks. Description MetaMask, a popular cryptocurrency wallet, made a significant announcement on September 5th, revealing the launch of a new feature that enables users to easily sell their Ether (ETH) holdings for fiat currency. This move represents a notable development in the cryptocurrency space, as it simplifies the process of converting digital assets into traditional money. The … Read more MetaMask, a popular cryptocurrency wallet, made a significant announcement on September 5th, revealing the launch of a new feature that enables users to easily sell their Ether (ETH) holdings for fiat currency. This move represents a notable development in the cryptocurrency space, as it simplifies the process of converting digital assets…

TL;DR Breakdown Genesis Global Trading (GGT) has announced the impending closure of its spot crypto trading operations later this month.  All ongoing trades must be finalized by September 21st, failing which, all open accounts will be terminated by the end of the day on September 30th.  Genesis Global Trading is part of the Digital Currency Group (DCG), a prominent venture capital firm deeply entrenched in the cryptocurrency industry. Description In a recent email communication sent out to its clients, Genesis Global Trading (GGT), a well-known player in the cryptocurrency trading space, has announced the impending closure of its spot crypto trading operations later this month. This decision is expected to have notable implications for the crypto trading landscape and for Genesis as a whole. … Read more In a recent email communication sent out to its clients, Genesis Global Trading (GGT), a well-known player in the cryptocurrency trading space, has announced the impending closure of its spot crypto trading operations later this month. This decision is expected to have notable implications for the crypto trading landscape and for Genesis as…

Description With heightened concerns over a stalling economic recovery and the unfolding impact of elevated interest rates, global finance remains in precarious territory. G20 leaders gathered in New Delhi are now bracing for new obstacles in the financial realm, particularly with vulnerable sectors like real estate poised on the brink. Real Estate: A Sector Under Watch … Read more With heightened concerns over a stalling economic recovery and the unfolding impact of elevated interest rates, global finance remains in precarious territory. G20 leaders gathered in New Delhi are now bracing for new obstacles in the financial realm, particularly with vulnerable sectors like real estate poised on the brink. Real Estate: A Sector Under Watch The chair of the Financial Stability Board based in Basel, Klaas Knot, has specifically emphasized concerns around the real estate sector. The reason? This segment is particularly sensitive to fluctuations in interest rates. While acknowledging the relative calm in financial markets in the last few months – a breather that followed a series of significant financial disruptions like the fall of Europe’s Credit Suisse and upheavals…