Business

Coinbase teams up with Brazilian central bank’s Pix to offer expanded services

[ad_1] Coinbase is expanding its services in Brazil through partnerships with local services, the company announced March 21. Round-the-clock customer support in Portuguese and easier onboarding are among its upgrades.Coinbase has inked deals with Brazilian payment solutions provider Ebanx and Pix, the instant payment app operated by the Central Bank of Brazil. The new partnerships will make it easier to purchase crypto using the Brazilian real, as well as enable deposits
Business

Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge

[ad_1] A bankruptcy judge overseeing the bankruptcy case for crypto lending platform Celsius Network has approved a settlement plan allowing custody account holders to get back 72.5% of their crypto holdings.In a March 21 hearing, United States Bankruptcy Judge Martin Glenn signed off on an agreement allowing Celsius custody account holders the right to receive 72.5% of their crypto claims provided they approve of the settlement. Under the agreement, the
BLOCKCHAIN

Web2 giants coming into Web3 could benefit ecosystem — PBW founder

[ad_1] Paris Blockchain Week (PBW), an annual gathering of professionals within the blockchain industry, has kicked off its fourth edition, with industry leaders and entrepreneurs from across the world gathering to discuss the latest trends and developments impacting the digital asset space.In an exclusive interview with Cointelegraph, Michael Amar, the founder and chairman of Paris Blockchain Week, shared that the original vision for the conference was to put Europe on
BLOCKCHAIN

CCP Games secures $40M funding for upcoming Web3 game

[ad_1] Independent game developer CCP Games, known for its multiplayer online game EVE Online, has announced that it has secured $40 million in financing from external partners to develop a new triple-A title set in the EVE Universe. We're excited to announce that we have secured $40M financing, led by @a16z, to create a new AAA game within the EVE Universe utilizing blockchain technology. Learn more here: https://t.co/IZJlPRcZ0z pic.twitter.com/y9cqZKtt2l— CCP Games (@CCPGames)
Business

Sushi sets up legal defense fund after SEC subpoenas head chef Jared Grey and DAO itself

[ad_1] Sushi DAO proposed the creation of a legal defense fund March 21 in response to the “recent” subpoena of Sushi head Jared Grey and the decentralized autonomous organization (DAO) itself by the United States Securities and Exchange Commission (SEC). The DAO’s proposal did not provide details about the SEC subpoena. It stated that it was cooperating with the SEC and, “We do not intend to comment publicly on ongoing investigations
Business

Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers

[ad_1] Cody Harris, member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state.In a resolution released on March 21, Harris encouraged Texas lawmakers to “express support for protecting individuals who code or develop on the Bitcoin network” as well as miners and Bitcoiners operating in the Lone Star State. The state representative added that Texas’
Business

Bitcoin holds $28K due to spot buying, but institutional investors are still selling

[ad_1] Bitcoin’s (BTC) price broke above the February 2023 highs of $25,200 after U.S. inflation data was in consensus with the market expectation. The potential fallout of the global banking system further promoted Bitcoin investment as a non-correlated global hedging instrument similar to gold in March. The correlation between gold and BTC has been rising since the start of the month.Correlation coefficient between BTC and gold. Source: TradingViewHowever, institutions have
Business

Bitcoin hits new 9-month highs above $28K as markets flipflop over FOMC

[ad_1] Bitcoin (BTC) headed to new nine-month highs after the March 21 Wall Street open as a crucial Federal Reserve interest rate decision loomed.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price climbs despite conservative Fed viewData from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $28,500 on Bitstamp.The latest in a succession of multi-month highs, the latest BTC price action precedes what promises to be a volatile day for markets.The
Business

CryptoUK calls on regulators to address de-banking of digital asset firms

[ad_1] The self-regulatory trade association CryptoUK has proposed providing a ‘white list’ of registered firms in the United Kingdom to address banks limiting or banning transactions to crypto companies.In separate letters to U.K. Economic Secretary Andrew Griffith and members of the Financial Conduct Authority and Payment Systems Regulator dated March 21, CryptoUK said many banks had begun imposing blanket bans on dealing with crypto firms “instead of taking a risk-based
Business

Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

[ad_1] Developers from the Arbitrum Foundation announced the launch of Arbitrum DAO and its native governance token, ARB, on March 16. Eligible users and developers will receive 12.75% of the token’s total supply of 10 billion on March 23, when the token will be deployed. Speculation around ARB began soon after the token launch announcement on OTC desks, derivatives exchanges and spot exchanges via IOUs (I Owe You).ARB tokens gain steam