French fashion brand Lacoste has taken a significant step in embracing non-fungible tokens (NFTs) by expanding its NFT ecosystem. The brand has introduced a rewards and co-creation feature for its UNDW3 community, following the successful release of its UNDW3 collection of profile picture (PFP) NFTs. With this expansion, Lacoste aims to provide its community with
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Coinbase’s layer 2 application-focused protocol, Base, is getting closer to its mainnet launch. The team announced that it has fulfilled four out of five criteria required for launch, with the completion of rigorous security audits. These audits, conducted over a period of six months, both internally and externally, have given the Base team confidence in
CME Group, a prominent trading platform for derivatives, has announced its plans to introduce Ether/Bitcoin ratio futures this summer, subject to regulatory approval. This new futures product, set to launch on July 31, 2023, will enable traders to speculate on the relative price movement between the two cryptocurrencies. About Ratio Futures Contracts A ratio futures
The Blockchain Association is urging SEC chair Gary Gensler to recuse himself from regulatory proceedings, claiming that his statements display a “clear bias” against the cryptocurrency industry. Senior counsel Marisa Coppel argues that Gensler’s assertion that all cryptocurrencies, except for Bitcoin, should be classified as securities demonstrates a prejudgment of the facts without proper assessment
Cryptocurrency exchange EDX Markets, which recently launched, is reportedly in final negotiations with Anchorage Digital to serve as its custodian. This comes after EDX Markets terminated its collaboration with Paxos, a blockchain infrastructure firm, as reported by Bloomberg. Paxos was initially intended to be the custodian for EDX Markets, providing customers with direct access to
The Law Commission of England and Wales has recommended that digital assets, including cryptocurrencies, should be classified under a new category of personal property. In its final recommendation report to the government, the Law Commission outlined four specific recommendations. These recommendations focus on legislation for a distinct category of personal property, the creation of an
The XRP price has experienced a slight decline of 0.5% in the last 24 hours, reaching $0.475928. This decrease aligns with the overall drop in the cryptocurrency market during the same period. Over the course of a week, XRP has fallen by 4%, and in the past two weeks, it has seen a decline of
The CEO of BitGo, Mike Belshe, recently discussed the current state of U.S. cryptocurrency regulations in an interview with CNBC. Belshe expressed his belief that regulators in the U.S. have taken a strict approach towards the crypto industry, which has led to traditional financial firms largely staying on the sidelines. While there are a few
Eden Island, Republic of Seychelles – June 27th, 2023 – A new memecoin called PEPE is set to launch on the BNB Chain, following in the footsteps of its Ethereum counterpart. PEPE (BEP20) is an innovative memecoin that incorporates several distinctive mechanisms into its tokenomics. Inspired by the mischievous frog from the webcomic “Boy’s Club,”
The Sui Foundation, the team behind the Sui network and its native SUI token, has firmly denied allegations that it unlocked SUI staking rewards and sold them on cryptocurrency exchange Binance. In a series of tweets on June 27, the foundation addressed the claim and stated that no staking rewards or any other locked or
A groundbreaking web3 application called Quivr has recently been launched, allowing users to demonstrate their social credibility through the use of blockchain technology. The app’s development team made the announcement on June 27, revealing the unique features and benefits of this innovative platform. Quivr enables users to connect their accounts from various popular applications such
The Dogecoin price has experienced a slight increase of 1.11% today, reaching $0.06546. However, this uptick is likely to be a temporary relief for bearish investors. Despite the small price increase, Dogecoin is still struggling to regain momentum, and most indicators suggest that its multi-day slide will continue. The price faces immediate resistance at $0.06556,
EDX Markets, a crypto exchange backed by Charles Schwab, Fidelity, and Citadel Securities, has reportedly terminated its planned collaboration with Paxos and is now close to finalizing an agreement with Anchorage Digital, according to Bloomberg. In October of last year, EDX Markets had originally announced its partnership with Paxos. Paxos, a New York-based blockchain firm
Mythical Games, the prominent Web3 gaming studio, has reached a significant milestone by securing $37 million in funding for the initial phase of its Series C extension round. The capital influx was led by Scytale Digital, a leading digital asset manager, with contributions from renowned investors including ARK Invest, Andreessen Horowitz, and Animoca Brands. This
L The Memecoin (L) has taken the cryptocurrency world by storm following a tweet from Elon Musk in 2021. This tweet served as the inspiration for the creation of L The Memecoin, which recently had an explosive initial exchange offering on Uniswap. The price of $L skyrocketed by over 7,500% before experiencing a correction. Bitmex
Bybit, a prominent cryptocurrency exchange, has secured a license to operate in Cyprus and is set to expand its operations in the country. The license will allow Bybit to provide a full suite of services, including trading between cryptocurrency pairs and fiat currency pairs, financial services related to crypto assets, and custody solutions curated specifically
The Australian Treasury’s token mapping of digital assets will implement a “tech agnostic” and “principles-based” approach to define crypto assets. Trevor Power, an Australian Treasury assistant secretary, stated that the framework would classify tokens based on their function and purpose, making it easier to regulate them. The regulation would need to be “robust” to account
The XRP price has recently fallen by 1% in the last 24 hours, dropping to $0.483806 as the cryptocurrency market falls by a similar percentage within the same timeframe. Despite the recent dip, XRP has been up by 2% in the last 30 days and has gained 42% since the beginning of the year, thanks
The prices of Bored Ape Yacht Club NFTs have been highly volatile recently due to a series of transactions by Jeffrey Huang, also known as Machi Big Brother. Huang’s quick sale of over 50 Bored Apes within a few days has had a notable impact on the floor price of these NFTs. In fact, the
As the metaverse expands, it offers a virtual realm where people can connect, create, and explore. With the integration of Artificial Intelligence (AI), gaming experiences within the metaverse are set to transform. AI-powered in-game characters that can be trained and traded as NFTs pave the way for immersive and dynamic gameplay like never before. AI-Powered
U.S. Treasury bonds or Treasurys are essential in all tradeable markets, including Bitcoin and Ether. The cost of capital attributed to U.S. dollars affects every loan, mortgage, and even cryptocurrency derivatives. In the worst-case scenario of the U.S. government defaulting on its debt, the lack of interest debt payments may cause a global shortage of
After experiencing a significant downtrend and period of correction, Ethereum’s price found support at the $1.6K level, coinciding with the 200-day moving average. The buying pressure at this level triggered a rapid reversal and an upward trend towards the critical resistance zone at $2K. Additionally, the price surpassed the 100-day moving average at $1.8K, indicating
The National Tax Agency in Japan has announced the revision of corporate tax rules for cryptocurrency issuers. The new rules exempt crypto token issuers from paying corporate tax on unrealized gains for their holdings. This move has been welcomed as a step towards easing the business environment for crypto firms in Japan. According to a
The cryptocurrency market is seeing a surge in prices with Bitcoin holding steady at around $30k. Many altcoins are pumping, both old and new, including Bitcoin Cash, Bitcoin SV, and Waves, as well as meme coins like Pepe and newly listed Uniswap coins. The market sentiment is high, and several trending cryptocurrency assets are up
Bitcoin Cash (BCH) has seen an incredible increase of 100% in just one week, leading to speculation about the reasons behind this remarkable upward movement. Despite this significant price increase, BCH faces challenges in breaking above the $220 level, which could potentially trigger a bearish correction. At present, the current price of BCH stands at
Mitsubishi UFJ Financial Group (MUFG), the largest financial institution in Japan, is reportedly considering issuing global stablecoins via its blockchain platform, Progmat. MUFG has already shown interest in introducing such tokens tied to the value of the Japanese yen. However, the company is now in talks with industry leaders and other companies on minting stablecoins
TrustToken temporarily suspended mints and redemptions of its TrueUSD (TUSD) stablecoin through its banking partner, Prime Trust, earlier this month. This was due to Prime Trust’s cease-and-desist order from the Financial Institutions Division of the Nevada Department of Business and Industry. However, TrustToken clarified that this does not affect its operations concerning the conversion of