Author: Coin Viz
Former President Donald Trump announced that World Liberty Financial (WLFI) will officially launch next week on Sept. 16 during a live stream on X (formerly Twitter). Trump shared the news on Sept. 12 via a teaser video on social media, where he stated: “We are embracing the future with crypto and leaving the slow and outdated big banks behind.” The Trump family, including Eric and Donald Trump Jr., has been involved in WLFI’s development, playing key roles in the project’s direction and strategy WLFI WLFI aims to promote the use of US-pegged stablecoins, with a focus on preserving the dollar’s…
Former FTX executive Ryan Salame faces potential sanctions after admitting to making false statements during his 2023 guilty plea for campaign finance and money-transmitting crimes. US District Judge Lewis Kaplan, overseeing the case, expressed concerns about Salame’s earlier testimony, where he denied any promises made by prosecutors to secure his plea. Concerns of perjury At the Sept. 12 hearing in Manhattan, Salame acknowledged that he had lied to the court during his plea hearing last year. He had previously testified that federal prosecutors had made no promises to secure his guilty plea. However, Salame has since claimed that he was…
Soneium, an Ethereum Layer-2 network, has joined Chainlink’s Scale program, according to a Sept. 12 statement shared with CryptoSlate. This move grants the blockchain network’s Minato Testnet access to Chainlink’s Data Feeds and also makes the Oracle network’s Cross-Chain Interoperability Protocol (CCIP) services its canonical cross-chain infrastructure. Chainlink’s Data Feeds provide decentralized off-chain data to support various smart contract use cases, particularly for DeFi applications. Meanwhile, CCIP will enable seamless interoperability between Soneium and other blockchains, enhancing Web3 and traditional systems integration. Over the past year, the technology has witnessed significant adoption from major traditional institutions, including South Korean gaming…
For many years, blockchain gaming remained in the foregrounds of other Web3 novelties, until in 2024 its potential was finally recognised. To explain the reasons behind success, the article carries out a retrospective journey to the roots of GameFi, unveils play-to-earn concept, highlights key milestones of a formerly niche sector. CryptoKitties and Axie Infinity: How It All Began While blockchain-based gaming has tapped to score mass recognition, these attempts did not seek any remarkable success until 2017 – the year when renowned CryptoKitties was launched. Powered by Ethereum blockchain, CryptoKitties gameplay was put simply: players could purchase, breed, and trade virtual…
Trading platform eToro will halt trading for most digital assets on its platform following a $1.5 million settlement with the US Securities and Exchange Commission (SEC), according to a Sept. 12 statement. The SEC’s investigation revealed that, since 2020, eToro has allowed US customers to trade crypto assets that are considered securities without complying with federal registration requirements. While eToro did not admit or deny the SEC’s allegations, it agreed to restrict its crypto offerings to a few assets, including Bitcoin, Bitcoin Cash, and Ethereum. Gurbir S. Grewal, SEC Director of Enforcement, noted that the $1.5 million fine reflects eToro’s…
Coinbase has officially launched its wrapped Bitcoin token, cbBTC, on its layer-2 network, Base, and Ethereum mainnet, according to a Sept. 12 statement. The new product comes around a month after Coinbase teased it on the social media platform X. cbBTC According to Coinbase, cbBTC is an ERC-20 token fully backed by Bitcoin and custodied on the platform. When users send BTC from Coinbase to Base or Ethereum, it automatically converts to cbBTC and vice versa. Wrapped Bitcoin tokens allow users to leverage their BTC on other networks. So, the exchange noted that cbBTC aims to drive innovative financial applications…
Bitcoin mining executives from top firms gathered at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss industry trends, challenges, and the future of Bitcoin. The panel, moderated by Anthony Scaramucci of SkyBridge Capital, featured CEOs from prominent mining companies, including Bit Digital, Bitfarms, CleanSpark, Core Scientific, and Marathon Digital Holdings. The executives shared insights on various aspects of the Bitcoin mining industry, from energy consumption to market forces and long-term outlook. Fred Thiel, CEO of Marathon Digital Holdings, emphasized the critical role of Bitcoin miners in balancing energy grids. “Bitcoin mining is one of the few loads,…
On September 11, Bitcoin ETFs experienced notable outflows, with total flows amounting to a net negative of $43.9 million. Ark’s ARKB ETF recorded the most significant single movement, with outflows of $54 million. Fidelity’s FBTC ETF saw inflows of $12.6 million, partially offsetting the losses. Invesco’s BTCO ETF added $2.6 million, while Grayscale’s GBTC and BTC funds registered outflows of $4.6 million and $0.5 million, respectively. Other major Bitcoin ETFs, including those from BlackRock, Bitwise, Franklin, Valkyrie, VanEck, and WisdomTree, saw no inflows or outflows and remained flat. Bitcoin ETF flows (Farside Investors) In Ethereum ETFs, the overall market saw…
Bitcoin’s price has exhibited an interesting pattern following the last two US Presidential elections. After Republican candidate Donald Trump won the presidency in 2016, Bitcoin’s price climbed steadily throughout 2017, ultimately peaking near $20,000 in December. Graph showing Bitcoin’s price from Sep. 1, 2016, to Sep. 1, 2017 (Source: TradingView) In the year following the 2020 election, which resulted in a Democratic victory for Joe Biden, Bitcoin experienced a bull rally that led to it reaching an all-time high of over $60,000 by April 2021. Graph showing Bitcoin’s price from Sep. 1, 2020, to Sep. 1, 2021 (Source: TradingView) These…
The Central and Southern Asia and Oceania (CSAO) region accounted for $750 billion in crypto inflows between July 2023 and June 2024, making it one of the largest crypto markets globally. According to Chainalysis’ 2024 Geography of Cryptocurrency report, the region represents 16.6% of global crypto value received, ranking behind only North America and Western Europe. India maintains adoption lead India ranked first on Chainalysis’ Global Adoption Index and second in the Central and Southern Asia and Oceania (CSAO) region in terms of crypto value received, with inflows exceeding $157 billion between July 2023 and June 2024. Chainalysis noted that…