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Crypto exchange Gemini to close all customer accounts in Canada
Gemini told its Canadian users they have 90 days to withdraw their funds before it closes all accounts by the end of this year.
The Winklevoss-founded crypto exchange Gemini is set to close all customer accounts in Canada by the end of 2024.
In a Sept. 30 email sent out to Canadian users of the exchange, Gemini said it would close all accounts in Canada on Dec. 31 and told users they have 90 days to withdraw assets from the platform.
“Effective December 31, 2024, Gemini will close all customer accounts in Canada, with limited exceptions. As a result, we will be closing your Gemini account,” the exchange wrote in its email.
Gemini’s move comes months after the country’s financial regulators introduced rules for crypto exchanges and trading platforms operating on Canadian soil.
On Feb. 22, the Canadian Securities Administrators (CSA) published a notice requiring all crypto asset trading platforms to sign a legally binding pre-registration undertaking (PRU) to continue operating in the country. Read More
Tons of options: 5 crypto wallets that support TON blockchain
As the TON network continues to develop, holders are demanding wallets with complex functionalities that support the chain’s assets.
Toncoin, the eponymous cryptocurrency associated with The Open Network, also known as TON, exploded in popularity this year.
Toncoin has become one of the 10 largest cryptocurrencies, with a market capitalization of $13.4 billion.
There are currently 2.5 billion coins in circulation worldwide, and the cryptocurrency’s total supply is 5.1 billion. Over the last nine months, the value of Toncoin has increased by around 150%.
There are a number of wallets that support TON, each with its own peculiarities. Some are custodial and focused on convenience and ease of use, while others provide users complete control over the cryptocurrency.
There are simple wallets with a minimum set of functions, more complicated ones with options such as staking, and secure solutions for long-term storage. Read More
Elon Musk-Themed Telegram Game ‘X Empire’ Ends Mining Phase Ahead of Airdrop
X Empire is set to follow in the footsteps of Hamster Kombat and other big Telegram games with its upcoming token launch and airdrop.
Just days after breakout Telegram crypto game Hamster Kombat launched its HMSTR token, another prominent Telegram game has ended its gameplay phase ahead of its own impending token launch and airdrop to players.
X Empire, the Elon Musk-themed game that has you tap to earn in-game coins and then invest in various upgrades for Musk and his businesses, concluded its “mining phase” Monday as planned, with the game effectively shut down until the token is launched.
Marking the end of the initial phase of the game, the developers of X Empire—which originally launched as Musk Empire over the summer—said that the game had attracted nearly 48 million players, and that users had minted some 570,000 NFT vouchers that allowed them to effectively withdraw a share of their airdrop allotment for pre-market trading. Read More
Indonesian postal service launches NFT stamps
Indonesia’s state-owned postal service has launched a physical postage stamp with an NFT counterpart.
Pos Indonesia, the state-owned postal service of Indonesia, has introduced its first-ever postage stamps with non-fungible token (NFT) counterparts, combining tradition with technology.
In an announcement on its Instagram page, Pos Indonesia revealed the release of its inaugural NFT stamp featuring “Cenderawasih,” meaning “bird of paradise.” The NFT stamp will have a physical version and an NFT counterpart. The collection will also be released as a booklet.
The new stamps merge traditional values with blockchain innovation, a combination that may attract enthusiasts, according to the postal service.
This move aligns with Indonesia’s increasing involvement in the Web3 space. On March 28, Indonesian financial authorities announced plans to launch a regulatory sandbox for crypto assets in early 2025 aimed at preventing fraud. Read More
The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come
The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.
At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.
We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.
In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.
Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. Read More
Coinbase to add proof of reserves to Bitcoin wrapper cbBTC
Adding proof of reserves will head off concerns about Coinbase’s perceived lack of transparency.
Coinbase plans to add verifiable proof of reserves to its newly launched Bitcoin wrapper, Coinbase Wrapped BTC (cbBTC), a spokesperson for Coinbase confirmed to Cointelegraph on Sept. 30.
Adding proof of reserves (PoR) will put cbBTC on par with rival Bitcoin wrappers such as Wrapped Bitcoin (WBTC) and 21.co Wrapped Bitcoin (21BTC). It also addresses concerns about Coinbase’s perceived lack of transparency.
“With cbBTC, we’ve planned PoR since the early days and the team is hard at work building it,” Lukas Staniszewski, a product manager at Coinbase, said in a Sept. 23 post on the X platform.
On Sept. 23, Coinbase updated an earlier blog post to note PoR’s inclusion on cbBTC’s product roadmap but has not announced the plans otherwise.
“Greater transparency with proof of reserves has been part of our roadmap since the conception of cbBTC and will follow,” Coinbase said. Read More
Robinhood Buffs Europe Expansion With New Feature for Bitcoin, Ethereum Transfers
Robinhood is positioning the move as a way to provide users with greater control over their digital assets and simplify access to DeFi.
On Tuesday, Robinhood’s crypto unit said it has given European customers the ability to deposit and withdraw over 20 digital assets as the popular trading app attempts to build upon its expansion efforts across the region.
The update, which supports cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC), follows heightened demand from its European customer base, Robinhood said in a statement.
The move aligns with the company's broader strategy to expand its European footprint. Robinhood is positioning the move as a means to provide users with greater control over their digital assets and simplify access to DeFi.
"It was one of the top requested features from our customers,” Johann Kerbrat, vice president and general manager of Robinhood Crypto, told Decrypt. Read More
Cantor Fitzgerald CEO: Bitcoin Is a Commodity, Should Be Treated Like Gold and Oil
Howard Lutnick, CEO of global financial services firm Cantor Fitzgerald, shared his view on bitcoin Friday in a post on social media platform X. Referencing his interview with Maria Bartiromo on Fox Business, he wrote:
Yesterday, I told Maria Bartiromo that bitcoin is a commodity. When you truly understand bitcoin, it’s hard to see it any other way.
In the interview, Maria Bartiromo asked Lutnick about his views on regulations governing commodities versus equities. The Cantor Fitzgerald CEO asserted that over the course of the next two decades, commodities and equities are likely to converge. “Eventually commodities and equities will kind of merge over a long period of time — over, maybe, 20 years,” he described.
The Cantor Fitzgerald executive then commented on crypto regulations, stating that regulators are unsure how to regulate the sector. “They don’t even know how to do crypto and digital at all. They have no idea. They still don’t understand how important it is to actually get it right,” he stressed, emphasizing:
They have no idea bitcoin is a commodity. It should be treated like gold and like oil, it’s just a commodity. Read More
Chainalysis: Russia Is Loudest and 'Most Pervasive' Country Using Crypto to Skirt Sanctions
“Russia has become an international force using cryptocurrency for everything from sanctions evasion to ransomware attacks," one exec said.
Russia has been increasing its use of cryptocurrency for sanctions evasion, disinformation, and election interference, according to execs for leading blockchain analytics firm Chainalysis.
“Russia has become an international force using cryptocurrency for everything from sanctions evasion to ransomware attacks, and most recently, interference and disinformation campaigns targeting the US elections,” said Chainalysis chief marketing officer Ian Andrews during a talk shared on the company's YouTube channel on Oct. 1.
Valerie Kennedy—the firm’s Director of Intelligence Solutions—suggested that crypto use is a sign of desperation on Russia’s part since “in Russia's perfect world, they would have used a central bank digital currency.” Still, that sort of system has “been pretty slow to develop” forcing Russia “to use different types of cryptocurrencies instead for these types of payments.”
“Russia didn't want to make this decision,” she added. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
