Coinbase, the U.S’s largest cryptocurrency exchange, is preparing to pitch a regulatory framework to federal officials as to how crypto should be regulated. It is thought that this proposal will be rolled out in the coming days- details of the proposal were not available at press time. In the proposal, Coinbase intends to argue what should and should not be defined as a security within the U.S.
setting funds. The fantasy soccer and digital collectable platform announced, on Tuesday, a $680 million series B raise- the largest ever in the NFT space.
Bitcoin (BTC) exchange Coinbase has recently closed a million dollar deal with US police and immigration services. The US immigaration and customs enforcement (ICE) spent $1.36 million on a new contract with the major US crypto exchange, according to Twitter user Jack Poulson.
On Thursday, Avalanche’s AVAX price reached a new all-time high at $68.89. This follows on from a number of successful months in which the altcoin has risen to challenge the Etherum network’s dominance among smart contract platforms. According to the Avalanche website, the layer-one initiative is capable of achieving more than 4500 transactions per second with a total transaction completion time of less than 2 seconds.
On Wednesday 15th of September, AMC theatres announced that it would be accepting a wider range of crypto coins for ticket and commission purchases. The announcement was first made in the company’s second-quarter earnings report, which was released in August.
Binance has announced that they will be ending their crypto offerings to Australian traders by the end of 2021. Any existing Australian users have 90 days to close their trades including any positions on options, futures and leveraged tokens. After December 23, all remaining open positions will be automatically closed. This was all stated in an announcement on Tuesday.
day. The price plunge came after concerns over the spillover risk to the global economy from Evergrande’s troubles rippled into wider markets. Bitcoin tumbled by almost 10 per cent on Monday to $40,000, its lowest price since August 7.
A recent article by the New York Times has called out stablecoins for being “systemically risky” and that they should be under regulatory control. The article suggested that the rush to bring stablecoins under control might be “the most important conversation in Washington financial circles this year.”
It seems that many countries find it tough to compete with El Salvador when it comes to Bitcoin commitment. The Southern America Country’s new legislation means that merchants will now accept payment for almost anything in Bitcoin, you can find out more about this here. However, long before El Salvador’s Bitcoin initiative, Japan was the leading country in the cryptocurrency industry- a country that many other crypto enthusiasts looked up to in envy. Now, paying for anything with Bitcoin in the country is difficult, including in the Capital.
Coinbase has recently applied to be a member of the National Futures Association and hopes to list crypto futures products on the exchange. Applying for the membership is the first step towards achieving the goal, as well as registering as a futures commission merchant (FCM).