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CME Group Adds to Crypto Offerings With Ether Options

The exchange will allow traders to make bets and manage risk ahead of the Ethereum Merge. Derivatives marketplace Chicago Mercantile Exchange (CME) plans to start offering options for ether (ETH) futures on Sept. 12, the company said in a statement Thursday. The offering will add to CME’s existing crypto products, which include bitcoin and ether futures, and …

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Solana wallet fires up the grill to burn spam NFTs out of existence

The Phantom wallet app has launched a new Burn Token feature, allowing users to remove spam NFTs sent by scammers. Solana-based wallet provider Phantom has launched a new burn feature allowing users to remove spam nonfungible tokens (NFTs) sent by scammers. According to a Thursday blog post from the Phantom team, the new feature is accessible via the Burn …

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MONOCHROME EYES SPOT BITCOIN ETF IN AUSTRALIA, U.S. LAGS BEHIND

The fund’s responsible entity partner received unique licensure which will give investors more transparent and direct exposure to bitcoin through a spot ETF. Monochrome is eyeing a spot bitcoin ETF in Australia, adding to an already crowded market in the country. The fund’s partner has received unique regulatory approval to offer direct exposure to bitcoin. …

MONOCHROME EYES SPOT BITCOIN ETF IN AUSTRALIA, U.S. LAGS BEHIND Read More »

Turkey shocks markets with rate cut despite inflation near 80%

KEY POINTS Its main policy rate, which had been at 14% for the last seven months, was cut to 13% in a complete mismatch to what other central banks are doing around the world. Analysts expected no rate change; the move lower by the Turkish central bank has taken markets by surprise. The lira, Turkey’s …

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Yuga Labs Hires Former Rally Executive Chris Fortier as VP of Products

Yuga Labs, the developer of the Bored Ape Yacht Club (BAYC), has hired Chris Fortier as its VP of Product. As the new VP of product at Yuga Labs, Fortier will be responsible for developing Web3, metaverse, NFTs and product planning, the company said. The new VP of Product will also be involved in simultaneously …

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Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently

On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, the company’s attorney detailed that Celsius has been offered cash injections, but the lawyer did not disclose who offered the funds and how much …

Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently Read More »

Crypto Broker Genesis Cutting 20% of Workforce as CEO Michael Moro Exits

Moro is to be replaced on an interim basis by Chief Operating Officer Derar Islim. Genesis CEO Michael Moro is stepping down as the company slashes 20% of its 260-person workforce following major losses tied to the collapse of Three Arrows Capital earlier this summer, reports Bloomberg. Genesis – owned by Digital Currency Group, which …

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Indian police launch probe into BitConnect founder wanted by US SEC

The Indian police launched an investigation into BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he had relocated from India. The saga of BitConnect, a major cryptocurrency scam scheme, is taking another twist as one of the BitConnect co-founders is now wanted by the Indian state police. Satish Kumbhani, an Indian national and …

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NFL TEAM HOUSTON TEXANS NOW ACCEPTS BITCOIN FOR SINGLE GAME SUITES

Fans of the team will be able to purchase single game suites with bitcoin and BitWallet will convert the cryptocurrency to fiat for the Texans. The Houston Texans have picked an official bitcoin wallet service provider. BitWallet functions as both a wallet and exchange for businesses and individuals. Fans of the NFL team can now …

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CryptoPunk, Meebits Owners can now Create Commercial Projects With Their NFTs

Owners of CryptoPunk and Meebits non-fungible tokens (NFTs) can now create commercial projects and products based on their NFTs. The announcement comes following Yuga Labs’ release of its long-awaited intellectual property (IP) licensing deal for CryptoPunk and Meetbits NFT holders on Monday. Yuga Labs first bought the collections from Larva Labs in March, and holders of these …

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