Just-In: Bithumb Korea Spin-off Crypto Exchange Business For IPO
CoinGape (RSS)
In a move that has stirred anticipation within the cryptocurrency community, Bithumb Korea, the operator of one of South Korea’s leading crypto exchanges, Bithumb, has revealed plans to spin off its business. The decision, according to a report by a Korean media outlet, signifies a strategic maneuver aimed at enhancing the feasibility of an impending initial public offering (IPO).
Bithumb Announces Spin-off
Bithumb Korea, which operates the leading crypto exchange Bithumb, has unveiled its intention to pursue a spin-off, establishing a new corporation named Bithumb Investment. Notably, the new entity would oversee its holding, investment, and real estate rental divisions, according to a report by News 1.
On the other hand, the surviving entity, Bithumb Korea, will retain its core business op...
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CoinGape (RSS)
In a move that has stirred anticipation within the cryptocurrency community, Bithumb Korea, the operator of one of South Korea’s leading crypto exchanges, Bithumb, has revealed plans to spin off its business. The decision, according to a report by a Korean media outlet, signifies a strategic maneuver aimed at enhancing the feasibility of an impending initial public offering (IPO).
Bithumb Announces Spin-off
Bithumb Korea, which operates the leading crypto exchange Bithumb, has unveiled its intention to pursue a spin-off, establishing a new corporation named Bithumb Investment. Notably, the new entity would oversee its holding, investment, and real estate rental divisions, according to a report by News 1.
On the other hand, the surviving entity, Bithumb Korea, will retain its core business op...
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Binance Announces BTC, ETH, ADA, XRP Futures Contracts; Tesla Challenge
CoinGape (RSS)
The world’s largest crypto exchange Binance on Friday said it is listing new USD-M and COIN-M quarterly 0927 delivery contracts on Binance Futures. The delivery contracts will support only top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Cardano (ADA), Chainlink (LINK) and others.
The crypto exchange is also extending the Futures Ultimate Challenge comprising of Daily BTC Price Prediction and Weekly Tesla Challenge for Binance Futures users. These are part of Binance’s strategy to maintain liquidity on the crypto exchange and ensure smooth market functions.
Binance Listing BTC, ETH, ADA, XRP Futures Contracts
According to an official announcement on March 22, ...
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CoinGape (RSS)
The world’s largest crypto exchange Binance on Friday said it is listing new USD-M and COIN-M quarterly 0927 delivery contracts on Binance Futures. The delivery contracts will support only top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Cardano (ADA), Chainlink (LINK) and others.
The crypto exchange is also extending the Futures Ultimate Challenge comprising of Daily BTC Price Prediction and Weekly Tesla Challenge for Binance Futures users. These are part of Binance’s strategy to maintain liquidity on the crypto exchange and ensure smooth market functions.
Binance Listing BTC, ETH, ADA, XRP Futures Contracts
According to an official announcement on March 22, ...
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Will decentralized protocols become the future infrastructure of machine learning?
Cointelegraph.com News (RSS)
AI and machine learning compute networks built on decentralized infrastructure could allow the onboarding of significant hardware resources worldwide.
Cointelegraph.com News (RSS)
AI and machine learning compute networks built on decentralized infrastructure could allow the onboarding of significant hardware resources worldwide.
Montenegro prosecutor objects to Do Kwon extradition
Cryptopolitan (RSS)
Montenegro’s Supreme State Prosecutor has challenged the High Court’s decision to deport Do Kwon, the co-founder of Terraform Labs, to South Korea. The objection stems from a jurisdictional dispute, suggesting the court may have exceeded its powers. The Supreme State Prosecutor’s stance underscores a critical review of the extradition process, pointing towards a potential overreach in the High Court’s authority. This development adds a layer of complexity to Kwon’s ongoing legal battle following his arrest in March 2023 for allegedly using counterfeit documents.
The controversy arises amidst efforts to hold Kwon accountable for the collapse of Terraform Labs in May 2022. The incident led to a staggering $40 billion loss in the crypto market, triggering a global outcry for justice. Kwon faces charges in both the United States...
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Cryptopolitan (RSS)
Montenegro’s Supreme State Prosecutor has challenged the High Court’s decision to deport Do Kwon, the co-founder of Terraform Labs, to South Korea. The objection stems from a jurisdictional dispute, suggesting the court may have exceeded its powers. The Supreme State Prosecutor’s stance underscores a critical review of the extradition process, pointing towards a potential overreach in the High Court’s authority. This development adds a layer of complexity to Kwon’s ongoing legal battle following his arrest in March 2023 for allegedly using counterfeit documents.
The controversy arises amidst efforts to hold Kwon accountable for the collapse of Terraform Labs in May 2022. The incident led to a staggering $40 billion loss in the crypto market, triggering a global outcry for justice. Kwon faces charges in both the United States...
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ApeX Protocol Launches ApeX Grid Bot With Negative 0.002% Fees across 45+ Perpetual Markets
Cryptopolitan (RSS)
Saint Vincent, Grenadines, March 22nd, 2024, Chainwire
ApeX Protocol, a leading decentralized exchange (DEX) for derivatives trading, announces ApeX Grid Bot, an automated trading tool launching on March 22, 2024.
The inaugural ApeX Grid Bot empowers users to leverage a powerful automated trading tool, enabling them to execute customizable grid strategies and capitalize on market fluctuations while benefiting from negative maker fees of 0.002%.
Designed for both seasoned and novice traders alike, ApeX Grid Bot will support all USDT and USDC perpetual contracts available on ApeX Pro, allowing users to customize their trading strategy with 2 distinct bot types:...
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Cryptopolitan (RSS)
Saint Vincent, Grenadines, March 22nd, 2024, Chainwire
ApeX Protocol, a leading decentralized exchange (DEX) for derivatives trading, announces ApeX Grid Bot, an automated trading tool launching on March 22, 2024.
The inaugural ApeX Grid Bot empowers users to leverage a powerful automated trading tool, enabling them to execute customizable grid strategies and capitalize on market fluctuations while benefiting from negative maker fees of 0.002%.
Designed for both seasoned and novice traders alike, ApeX Grid Bot will support all USDT and USDC perpetual contracts available on ApeX Pro, allowing users to customize their trading strategy with 2 distinct bot types:...
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U.S. Department of Justice Sues Apple for Alleged Dominance of Smartphone Market
Cryptopolitan (RSS)
The U.S. Department of Justice, along with 15 states, has filed a lawsuit against Apple, accusing the tech giant of monopolizing the smartphone market, stifling competition, and inflating prices. The lawsuit underscores the government’s intensified scrutiny of dominant players in the technology industry. It alleges that Apple’s business practices have led to higher prices for consumers and hindered competition in the smartphone market.
Intensified scrutiny of Apple’s business practices
The lawsuit contends that Apple’s pricing strategy, which includes charging as much as $1,599 for an iPhone, results in higher profits compared to its competitors. Additionally, the Department of Justice claims that Apple imposes fees on various business partners, including software developers and credit card companies, ultimately raising prices for consumers and boosting Apple’s profits.
The lawsuit ...
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Cryptopolitan (RSS)
The U.S. Department of Justice, along with 15 states, has filed a lawsuit against Apple, accusing the tech giant of monopolizing the smartphone market, stifling competition, and inflating prices. The lawsuit underscores the government’s intensified scrutiny of dominant players in the technology industry. It alleges that Apple’s business practices have led to higher prices for consumers and hindered competition in the smartphone market.
Intensified scrutiny of Apple’s business practices
The lawsuit contends that Apple’s pricing strategy, which includes charging as much as $1,599 for an iPhone, results in higher profits compared to its competitors. Additionally, the Department of Justice claims that Apple imposes fees on various business partners, including software developers and credit card companies, ultimately raising prices for consumers and boosting Apple’s profits.
The lawsuit ...
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Exciting! Coinbase Set to Launch 3 New Leveraged and CFTC-regulated Futures
Cryptopolitan (RSS)
The Coinbase cryptocurrency exchange platform, through its derivatives department, announced that the platform is preparing to launch new products for its investor pool on April 1st. The recent announcements to introduce cash-settled futures contracts for three major altcoins. Coinbase International took to X (formerly Twitter), to announce the launch. The announcement comes as a huge boost of approval for Bitcoin Cash, Litecoin, and Dogecoin. The three Altcoins mentioned have been in the top ten cryptocurrency space for a long time, and this announcement brings hope to long-time investors of the various tokens.
Cryptopolitan (RSS)
The Coinbase cryptocurrency exchange platform, through its derivatives department, announced that the platform is preparing to launch new products for its investor pool on April 1st. The recent announcements to introduce cash-settled futures contracts for three major altcoins. Coinbase International took to X (formerly Twitter), to announce the launch. The announcement comes as a huge boost of approval for Bitcoin Cash, Litecoin, and Dogecoin. The three Altcoins mentioned have been in the top ten cryptocurrency space for a long time, and this announcement brings hope to long-time investors of the various tokens.
Oxford University Joins EU-Funded ZEBAI Project to Revolutionize Zero-Emission Building Design
Cryptopolitan (RSS)
To transform the landscape of zero-emission building design, Oxford University announces its collaboration with the ZEBAI project, a pioneering initiative backed by 3.8 million Euros from the European Commission’s Horizon Programme. The project, led by the Universidad Politécnica de Madrid, aims to revolutionize the construction sector’s approach to carbon emissions by establishing demonstrator projects across four countries.
Revolutionizing building design through innovation
The ZEBAI project seeks to address the pressing need for decarbonization in the building and construction sector, which accounts for a significant portion of global carbon emissions. With over 18 academic institutes from 7 European countries coming together, ZEBAI aims to leverage cutting-edge technologies and methodologies to significantly reduce the carbon footprint of buildings.
At Oxford Univer...
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Cryptopolitan (RSS)
To transform the landscape of zero-emission building design, Oxford University announces its collaboration with the ZEBAI project, a pioneering initiative backed by 3.8 million Euros from the European Commission’s Horizon Programme. The project, led by the Universidad Politécnica de Madrid, aims to revolutionize the construction sector’s approach to carbon emissions by establishing demonstrator projects across four countries.
Revolutionizing building design through innovation
The ZEBAI project seeks to address the pressing need for decarbonization in the building and construction sector, which accounts for a significant portion of global carbon emissions. With over 18 academic institutes from 7 European countries coming together, ZEBAI aims to leverage cutting-edge technologies and methodologies to significantly reduce the carbon footprint of buildings.
At Oxford Univer...
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UAE Central Bank piloting CBDC with UAE Commercial Banks and payment processors
Cryptopolitan (RSS)
TL;DR
— UAE Central Bank is encouraging all UAE Commercial banks and payment processors to participate in pilot integration for CBDC digital dirham
— All UAE licensed financial institutions will adopt digital dirham by 2026
— Several countries in MENA have active CBDC pilots while others have regulatory studies underway
In a recent EY (Ernst &Young) report entitled, “The digital assets innovation opportunity in MENA”, EY notes that the Central Bank of the UAE is operationalizing its domestic CBDC, the digital Dirham and encouraging all UAE commercial banks and payment processors to participate in a pilot integration with the Central Bank UAE node for issuing digital Dirh...
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Cryptopolitan (RSS)
TL;DR
— UAE Central Bank is encouraging all UAE Commercial banks and payment processors to participate in pilot integration for CBDC digital dirham
— All UAE licensed financial institutions will adopt digital dirham by 2026
— Several countries in MENA have active CBDC pilots while others have regulatory studies underway
In a recent EY (Ernst &Young) report entitled, “The digital assets innovation opportunity in MENA”, EY notes that the Central Bank of the UAE is operationalizing its domestic CBDC, the digital Dirham and encouraging all UAE commercial banks and payment processors to participate in a pilot integration with the Central Bank UAE node for issuing digital Dirh...
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Coinbase surge triggers ARK Invest’s $52M profit-taking move
Cryptopolitan (RSS)
ARK Invest, led by Cathie Wood, has recently made significant moves in its investment portfolio, selling off a substantial portion of its holdings in Coinbase amid a surge in the stock’s price. ARK divested 199,526 Coinbase shares from its exchange-traded funds (ETFs), totaling approximately $52.3 million based on Coinbase’s closing price that day.
ARK profit-taking strategy amid Coinbase’s record highs
The decision to sell comes as Coinbase’s stock price reached multi-year highs, surpassing $270 for the first time since December 2021. This move follows a pattern of profit-taking by ARK, which has been gradually reducing its exposure to Coinbase since early 2023.
Despite the sell-off, Coinbase shares have experienced remarkable growth, with prices up nearly 250% over the past six months.
This recent sale marks one...
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Cryptopolitan (RSS)
ARK Invest, led by Cathie Wood, has recently made significant moves in its investment portfolio, selling off a substantial portion of its holdings in Coinbase amid a surge in the stock’s price. ARK divested 199,526 Coinbase shares from its exchange-traded funds (ETFs), totaling approximately $52.3 million based on Coinbase’s closing price that day.
ARK profit-taking strategy amid Coinbase’s record highs
The decision to sell comes as Coinbase’s stock price reached multi-year highs, surpassing $270 for the first time since December 2021. This move follows a pattern of profit-taking by ARK, which has been gradually reducing its exposure to Coinbase since early 2023.
Despite the sell-off, Coinbase shares have experienced remarkable growth, with prices up nearly 250% over the past six months.
This recent sale marks one...
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Ethereum Price Prediction: ETH Targets $5000 Following Dencun Upgrade, Retik Finance (RETIK) and Solana (SOL) Emerge as Strong Picks for Bull Run Gains
Cryptopolitan (RSS)
The long-awaited Dencun upgrade on the Ethereum mainnet has sparked significant excitement within the cryptocurrency community. This upgrade, centered around Ethereum Improvement Proposal (EIP) 4844, aims to enhance blockchain scalability by expanding the capacity for data “blobs.” As Ethereum undergoes this transformative change, investors are eagerly eyeing the potential impact on the price of Ethereum (ETH) and its implications for other projects like Retik Finance (RETIK) and Solana (SOL).
Dencun Upgrade Overview
The Dencun upgrade, also known as “proto-danksharding,” is a significant milestone for Ethereum, marking one of the largest single hard forks in terms of improvements deployed. With the incorporation of nine Ethereum Improvement Proposals (EIPs), Dencun represents a comprehensive effort to enha...
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Cryptopolitan (RSS)
The long-awaited Dencun upgrade on the Ethereum mainnet has sparked significant excitement within the cryptocurrency community. This upgrade, centered around Ethereum Improvement Proposal (EIP) 4844, aims to enhance blockchain scalability by expanding the capacity for data “blobs.” As Ethereum undergoes this transformative change, investors are eagerly eyeing the potential impact on the price of Ethereum (ETH) and its implications for other projects like Retik Finance (RETIK) and Solana (SOL).
Dencun Upgrade Overview
The Dencun upgrade, also known as “proto-danksharding,” is a significant milestone for Ethereum, marking one of the largest single hard forks in terms of improvements deployed. With the incorporation of nine Ethereum Improvement Proposals (EIPs), Dencun represents a comprehensive effort to enha...
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Ripple CEO challenges SEC over Ethereum security status
Cryptopolitan (RSS)
Ripple’s CEO, Brad Garlinghouse, has publicly voiced his opinion on the ongoing legal efforts by the U.S. Securities and Exchange Commission (SEC) to classify Ethereum (ETH) as a security. Taking to the X platform, Garlinghouse remarked on the SEC’s past legal challenges within the cryptocurrency sector, noting the commission’s historical difficulties. He referenced the SEC’s attempts to regulate the crypto industry, including its notable legal dispute with Ripple over XRP. Garlinghouse highlighted the SEC’s failure to win its case against XRP and questioned when the commission would acknowledge its potential defeat in trying to classify ETH similarly.
The debate around Ethereum’s classification has intensified following Coinbase’s Chief Legal Officer...
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Cryptopolitan (RSS)
Ripple’s CEO, Brad Garlinghouse, has publicly voiced his opinion on the ongoing legal efforts by the U.S. Securities and Exchange Commission (SEC) to classify Ethereum (ETH) as a security. Taking to the X platform, Garlinghouse remarked on the SEC’s past legal challenges within the cryptocurrency sector, noting the commission’s historical difficulties. He referenced the SEC’s attempts to regulate the crypto industry, including its notable legal dispute with Ripple over XRP. Garlinghouse highlighted the SEC’s failure to win its case against XRP and questioned when the commission would acknowledge its potential defeat in trying to classify ETH similarly.
The debate around Ethereum’s classification has intensified following Coinbase’s Chief Legal Officer...
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Kenya defies US pressure, maintains Worldcoin suspension
Cointelegraph.com News (RSS)
Kenya’s Interior Cabinet Secretary said that Kenya has encountered pressure from the U.S. government to lift the suspension on Worldcoin’s activities.
Cointelegraph.com News (RSS)
Kenya’s Interior Cabinet Secretary said that Kenya has encountered pressure from the U.S. government to lift the suspension on Worldcoin’s activities.
WisdomTree wins NYDFS trust company charter
Cointelegraph.com News (RSS)
The charter will enable WisdomTree’s newly founded entity to offer crypto custody, stablecoin issuance, and stablecoin reserve management services.
Cointelegraph.com News (RSS)
The charter will enable WisdomTree’s newly founded entity to offer crypto custody, stablecoin issuance, and stablecoin reserve management services.
ETF staking addition is ‘positive development,' says ETC Group exec
Cointelegraph.com News (RSS)
The staking aspect of Ethereum ETFs is important because it’s similar to dividends in equities, ETC Group’s Chanchal Samadder believes.
Cointelegraph.com News (RSS)
The staking aspect of Ethereum ETFs is important because it’s similar to dividends in equities, ETC Group’s Chanchal Samadder believes.
Avalanche continues memecoin push with $1M reward for liquidity providers
Cointelegraph.com News (RSS)
Avalanche, which started to dive into memecoins in December, has announced it will use a $100 million fund to buy Avalanche-based community tokens.
Cointelegraph.com News (RSS)
Avalanche, which started to dive into memecoins in December, has announced it will use a $100 million fund to buy Avalanche-based community tokens.
Reddit IPO Price Soars, Here’s Why?
CoinGape (RSS)
After three years of waiting, the Reddit IPO was finally made live yesterday with the stock ticker RDDT. The IPO went live on the New York Stock Exchange with a Reddit IPO Price of $34 per share, which is at the higher end of the IPO range. The platform has set an expected price range of $31-$35, and the community has raised the price above expectations within a day. The successful launch of Reddit IPO is visible as the company shares have jumped by 48% in just a day.
This blog will cover details about the Reddit IPO Price and the reasons behind this successful launch.
Reddit IPO Price Performance
Reddit IPO scored a market cap of $9.5 Billion within just a day when the stock opened at $47 and surged to a high of $57.80. It is around a 70% increase, forming a peak for the day before falling to $50.44 and closing the day.
At this ...
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CoinGape (RSS)
After three years of waiting, the Reddit IPO was finally made live yesterday with the stock ticker RDDT. The IPO went live on the New York Stock Exchange with a Reddit IPO Price of $34 per share, which is at the higher end of the IPO range. The platform has set an expected price range of $31-$35, and the community has raised the price above expectations within a day. The successful launch of Reddit IPO is visible as the company shares have jumped by 48% in just a day.
This blog will cover details about the Reddit IPO Price and the reasons behind this successful launch.
Reddit IPO Price Performance
Reddit IPO scored a market cap of $9.5 Billion within just a day when the stock opened at $47 and surged to a high of $57.80. It is around a 70% increase, forming a peak for the day before falling to $50.44 and closing the day.
At this ...
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7 Best Arbitrum Wallets in 2024
CoinGape (RSS)
Arbitrum is a Layer 2 solution for Ethereum. It leverages Ethereum’s security while enhancing transaction throughput and also reduces fees. It thus helps alleviate network congestion. In the DeFi space, Arbitrum has become one of the most recommended chains along with token $ARB that has experienced around 120% surge in the last 6 months.
When talking about the chain and the token, the next thing that comes is the supported wallets. This article covers a brief analysis on the best Arbitrum wallets in 2024.
The post 7 Best Arbitrum Wallets in 2024 appeared first on CoinGape.
CoinGape (RSS)
Arbitrum is a Layer 2 solution for Ethereum. It leverages Ethereum’s security while enhancing transaction throughput and also reduces fees. It thus helps alleviate network congestion. In the DeFi space, Arbitrum has become one of the most recommended chains along with token $ARB that has experienced around 120% surge in the last 6 months.
When talking about the chain and the token, the next thing that comes is the supported wallets. This article covers a brief analysis on the best Arbitrum wallets in 2024.
The post 7 Best Arbitrum Wallets in 2024 appeared first on CoinGape.
Bybit App Disappears From Apple App Store In India
CoinGape (RSS)
Bybit, a popular crypto exchange, has faced a major setback in the Indian market. On Friday, March 22, the Bybit app was removed from the Apple iOS App Store amid escalating regulatory concerns in the country’s Web3 domain. Moreover, on social media platforms like X, speculations swirled around a regulatory crackdown on Bybit in India.
Bybit Vanishes From Apple App Store
The crypto community was shocked when the Bybit app vanished from the Apple App Store. The exact cause behind the recent development isn’t known yet. However, netizens believe it’s due to the increased regulatory uncertainty in India.
The co-founder of Smart View AI, Pushpendra Singh, took to X and wrote, “Due to regulatory uncertainty, Today #Bybit crypto exchange app has been removed from the Apple App Store in India.” However, the Bybit app is still available on...
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CoinGape (RSS)
Bybit, a popular crypto exchange, has faced a major setback in the Indian market. On Friday, March 22, the Bybit app was removed from the Apple iOS App Store amid escalating regulatory concerns in the country’s Web3 domain. Moreover, on social media platforms like X, speculations swirled around a regulatory crackdown on Bybit in India.
Bybit Vanishes From Apple App Store
The crypto community was shocked when the Bybit app vanished from the Apple App Store. The exact cause behind the recent development isn’t known yet. However, netizens believe it’s due to the increased regulatory uncertainty in India.
The co-founder of Smart View AI, Pushpendra Singh, took to X and wrote, “Due to regulatory uncertainty, Today #Bybit crypto exchange app has been removed from the Apple App Store in India.” However, the Bybit app is still available on...
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