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Topics - Coin63@

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1
FTX.US is moving into the non-fungible token (NFT) business with a trading platform for digital collectibles on the Solana blockchain.

On Monday, the U.S. wing of Sam Bankman-Fried’s crypto empire said its new marketplace, FTX NFTs, will allow users to trade, mint, auction and authenticate Solana-based NFTs. It plans to soon support NFTs on the Ethereum blockchain, the home to the bulk of non-fungibles trading.more Information

2
Futureswap, a decentralized exchange for trading perpetual swaps, has raised $12 million in a new funding round.

Ribbit Capital, Framework Ventures, True Ventures, and Placeholder co-led the round, each investing $2 million, Futureswap co-founder Derek Alia told The Block. The rest of the amount was funded by other backers.

This is Ribbit Capital's first investment in a decentralized exchange, according to Futureswap.
The funding round was secured via a token sale and it is Futureswap's Series A funding, said Alia. The project has previously raised $1.6 million in two rounds, bringing its total funding to date to $13.6 million.
With fresh capital at hand, the exchange plans to expand its current team of eight and grow its platform, said Alia.Read

3
We’re excited to announce that Binance Liquid Swap has added support for NEAR, RAY and FTT, and opened 6 new liquidity pools.
NEAR/USDT
NEAR/BTC
RAY/USDT
RAY/BNB
FTT/USDT
FTT/BTC

Source:click

4
Crypto Exchanges / Gate.io Is Offering the Three Kingdoms
« on: October 13, 2021, 06:41:25 AM »
Gate.io startup announced offering The Three Kingdoms for free with the distribution rules. In addition, the platform is offering 1,250,000 TTK for free, which GT and VIP users can access.
The startup has launched the Startup Project Free Airdrop Program to reward the users. The announcement has surged the platform’s popularity, with users looking for a Gate.io review to assess its functionalities.
Gate.io will launch free airdrops for upcoming blockchains in its Startup section. Moreover, the platform is offering airdrop benefits for GT and VIP users. The TTK Startup subion will not cost any participation funds.source

5
Crypto Exchanges / Major Turkish Crypto Exchange Coinzo Shuts Down
« on: October 13, 2021, 06:39:16 AM »
Leading Turkish crypto exchange Coinzo announced on Monday it’s ending trading operations. The platform called on customers to withdraw their assets in Turkish lira and cryptocurrency without providing any particular reason for its decision to exit the market. In a notice published on its website, the company stated:

 We have decided to terminate our digital asset service provider (cryptocurrency platform) service.

The exchange emphasized that its website, Coinzo.com, will continue to be accessible for another six months, during which traders will be able to log in to their accounts and withdraw Turkish lira and cryptocurrencies. All features will be available except the purchase and sell options.

“Our support team will continue to provide solutions to our users’ problems during this process,” Coinzo added. It also assured that “all Turkish lira and crypto money assets belonging to our users are safe.” Cryptocurrency holdings that are below the minimum withdrawal limit will be credited to users’ accounts in Turkish lira within a week of the announcement.more Information

6
Coinbase / Coinbase Follows FTX.US Into NFT Trading
« on: October 13, 2021, 06:36:33 AM »
Coinbase is joining the non-fungible token (NFT) arms race.

The U.S. crypto exchange is launching “Coinbase NFT,” a marketplace that will allow its users to buy and sell Ethereum-based digital collectibles, the company announced Tuesday. Coinbase’s NFT platform is expected to launch by the end of the year, sources told CoinDesk. The move comes just a day after rival exchange FTX.US announced a marketplace for Solana-based NFTs, with plans to support other blockchains, including Ethereum, in the future.

If FTX’s bet on Solana is a signal that other blockchains are poised to take a slice of Etheruem’s hold on the NFT business, Coinbase is sending a different message – Ethereum’s NFT dominance has room to grow.Read More


7
Coinbase’s digital wallet has received the third-most complaints among companies operating such wallets over the past four years.

Coinbase received 755 complaints from 2017 through April 2021, according to the Massachusetts Student Public Interest Research Group (MASSPIRG), the consumer research and consumer advocacy group that reviewed complaints filed with the Consumer Financial Protection Bureau (CFPB). The CFPB first began receiving complaints about digital wallets in 2017.
Complaints against Coinbase and other cryptocurrency exchanges have been rising steadily. Coinbase received the most complaints among the top crypto exchanges in the U.S., with 1,060 overall over a year-long period starting in May 2020, including those about its digital wallet and domestic and international money transfers. The rise in complaints has dovetailed with Coinbase’s rapid growth. The company now has over 68 million verified users.click

8
Binance / Updates on Binance Futures Multi-Asset Mode (2021-10-13)
« on: October 13, 2021, 06:32:20 AM »
Binance Futures has upgraded Multi-Asset Mode at 2021-10-12 03:00 (UTC). After the upgrade, users are able to activate Multi-Asset Mode without closing position holdings. The new Multi-Asset Mode now supports BTC and ETH as margin assets. Users can share their BTC, ETH, BNB, BUSD, and USDT margin assets across USDT-margined and BUSD-margined contracts.
Please note:
The value of the BTC, ETH, BNB as Multi-Asset margin will be calculated as 95% of the BTC, ETH, BNB market value, respectively.
The maximum limits to the number of Assets that can be used as the Multi-Asset margin are 5 BTC,70 ETH, and 15,000 BNB.
BNB balance in USDⓈ-M Futures wallet can still be used for trading fee discounts.
BNB margin assets will still be counted in the daily BNB holding calculation.click

9
Coinbase / Coinbase Pro Will List Polkadot’s DOT Cryptocurrency
« on: June 15, 2021, 01:28:21 PM »
Coinbase will allow users to deposit DOT beginning today, Monday, June 14. It will then allow trading at 9AM Pacific Time on Wednesday, June 16, if the exchange has sufficient liquidity.
Users will be able to trade DOT for various fiat currencies (USD, EUR, and GBP) and select cryptocurrencies (BTC and USDT).
Coinbase did not explain why it chose to list DOT. However, with a market cap of $23.1 billion, Polkadot is the ninth largest cryptocurrency on the market today, making it an important asset for Coinbase to include in its exchange listings.
Coinbase described Polkadot as a high-performance platform for cross-chain transactions. It added that the DOT token acts as Polkadot’s governance token—it is used for staking and security, and it is used to attach new chains to the network.source

10
Bitcoin (BTC) continued its ongoing increase yesterday, creating another bullish candlestick. It has reached a horizontal and Fib resistance area near $41,325 which could cause a short-term rejection and pullback.The daily chart shows a bullish outlook for BTC. It followed up a bullish engulfing candlestick on June 13 with another smaller bullish candlestick the next day. So far, it has managed to reach a local high of $41,100. When measuring the most recent portion of the decrease, the $41,125 area is the 0.382 Fib retracement level. In addition, it’s a horizontal resistance area, increasing its significance. The next resistance level is found at $44,775. This target is the 0.5 Fib retracement level.
Technical indicators are decisively bullish. The MACD is positive and the RSI has increased above the 50-line. Furthermore, the Stochastic oscillator has already made a bullish cross (green icon). All these signs indicate that an eventual breakout is likely.source

11
Macro comparisons suggest that there’s no more room for dips on BTC/USD, suggests Jurrien Timmer.Bitcoin (BTC) has already hit its price bottom, one of the industry’s top executives believes as BTC price action stays above $40,000.
In a tweet on Monda, Jurrien Timmer, director of global macro at U.S. multinational financial services corporation Fidelity Investments, called time on any further Bitcoin price dips.BTC/USD maintained higher levels overnight on Monday after surging through $40,000 resistance. Despite not yet fulfilling traders’ predictions of a $47,000 push, the mood has become broadly positive on the back of fresh high-profile praise from the likes of Elon Musk and Paul Tudor Jones.
For Timmer, the time has come to look higher, not lower, when it comes to charting Bitcoin’s next move.source

12
El Salvador is edging ever closer to fulfilling its President Nayib Bukele’s Bitcoin (BTC) dreams – with external help on its way, although voices of disdain continue to warn of impending financial peril if Bukele gets his way.
Per Reuters and AFP (via El Economista), the head of the Central American Bank for Economic Integration (the Banco Centroamericano de Integración Económica or BCIE) has stated that the organization will “provide technical assistance” to El Salvador as its moves to make BTC legal tender in September this year.The bank’s chief, Dante Mossi, was quoted as stating that it would work with El Salvador’s finance ministry and its central bank to “select a team to work on the implementation.”
Mossi, who was speaking at a virtual conference, warned that “in the anonymous world of cryptocurrencies, there may be bad players,” meaning that the adoption of “a regulatory framework that allows the government to have control” of crypto usage was paramount. He also ruled out the possibility of the BCIE adopting BTC, stating that the bank’s finances would continue to be conducted in USD.source

13
With BTC’s price regaining traction and heading towards $40,000, it’s worth reviewing four (ok, five) reasons why you should be more bullish.

Although bitcoin has already added $10,000 of value in a week to $40,000, some on-chain features suggest even more bullish developments awaiting right around the corner. From the Stablecoin Ratio to increasing active addresses to corporations buying and holders still holding.

Reason 1: Bitcoin to Stablecoin Ratio
According to data from CryptoQuant, the Bitcoin to stablecoin ratio oscillator has gone into bullish territory. This metric highlights the ratio of the number of bitcoins to stablecoins stored on all exchanges.

Reason 2: The Bottom Is In?
Jurrien Timmer, the Director of Global Macro at Fidelity Investments, also opined about BTC’s recent price developments. In fact, he believes the massive price slump towards $30,000 was actually the bottom.

Reason 3: Corporations Keep Buying, Institutional Praise
While some reports suggested that short-term investors had sold off their BTC holdings during the recent crash, others have only doubled down. Such is the case with MicroStrategy.

Reason 4: Hodlers Keep on Hodling
In its weekly review on the market, Glassnode touched upon the role of so-called HODLers – investors who have purchased their assets before a specific date and refuse to sell or even trade them.more

14
CEO of Twitter, Jack Dorsey, has been signaling his support for Nigerian bitcoin adoption through a series of tweets over the weekend.Dorse is one of the big celebrity names in the crypto community. As a result, his tweets on crypto pick up a lot of interest, no matter how cryptic or simple they are.
He began his series of tweets simply with a single Nigerian flag. This happened a day after the government announced it would ban Twitter in the country. The ban came into effect as a result of Twitter deleting tweets by President Buhari.Read More

15
Ethereum has a complex time building on the support at $2,400 for gains above $3,000. In the last few days, the confluence resistance created by the 50 Simple Moving Average (SMA) and the 100 SMA has barred bulls from extending the price action higher. The downward force becomes apparent by the day with the immediate support at $2,400, vulnerable to immense losses. At the time of writing, Ether trades at $2,455 amid a developing bearish momentum.Read More

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