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Binance.US taps MoonPay as banking alternative to regain USD ramps
After having its banking ties slashed, crypto exchange Binance.US has revived its United States dollar on-ramp through a new partnership with MoonPay.
Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the United States dollar-pegged stablecoin Tether to use on its platform.
The crypto exchange announced on Aug. 22 that USDT was being adopted as the new “base asset” for all transactions, and its partnership with MoonPay allows a path for users to transact in U.S. dollars.
The new partnership comes in the wake of Binance.US suffering a breakdown with its banking partners, which saw fiat deposits on the exchange halted as of June 9.
At the time, it cited “aggressive and intimidating” tactics from the Securities and Exchange Commission — which sued the exchange and its affiliates four days prior — as the reason for the disruption. Read More
Base Daily Transactions Outpace Ethereum on Friend.tech Frenzy
But there's a big caveat: A lot of volume appears to be from bots and spammers trying to get an edge on buzzy social app Friend.tech.
There are now more daily transactions on Ethereum layer-2 Base, which was incubated and launched by Coinbase, than on Ethereum—fuelled in large part by the hype around social app Friend.tech.
The latest data from digital asset analytics platform Artemis Terminal shows that daily transactions on Base hit 1.37 million yesterday while on Ethereum, they stood at little over 1 million.
Base is American crypto exchange Coinbase's latest product: An Ethereum scaling solution which promises to make it quicker, easier and cheaper for developers to build apps. But Coinbase has been adamant that Base will be decentralized, meaning the company's role in its governance will diminish over time. Read More
Unstoppable Domains launches instant messaging with XMTP
Unstoppable Domains now allows owners of .crypto, .polygon and other Web3 usernames to send messages to each other through multiple messaging apps.
Unstoppable Domains (UD) has launched an instant messaging system for owners of Web3 usernames, according to an Aug. 23 announcement from principal engineer Aaron Quirk. Owners of .crypto, .wallet, .polygon or other UD-registered usernames can now message each other across most apps that use XMTP, including the UD iOS app and website, Coinbase Wallet, and Lens protocol apps such as Lenster and Buttrfly. The announcement clarified that the Android version of UD will not provide messaging at launch, but will provide this feature soon.
The new messaging integration relies on the extensible message transport protocol (XMTP), an independent protocol, to fully encrypt and send messages to recipients. This means that messages should still be available even if UD were to cease operations in the future. “Your messages will be preserved and accessible to you no matter what happens to Unstoppable,” the announcement stated. Read More
Bitstamp Ends Ethereum Staking for US Investors
The crypto exchange said it made the decision due to “regulatory dynamics” in the States.
Digital assets exchange Bitstamp today said it is stopping its Ethereum staking service for American customers next month.
In a statement to Decrypt Wednesday, Bitstamp said it would stop offering U.S. customers staking rewards from September 25.
The reason, the Luxembourg-based exchange said, is down to regulation involving the service currently in the States.
“Considering current regulatory dynamics in the U.S., Bitstamp made the decision to discontinue staking for customers residing in the United States,” Bitstamp’s U.S. CEO and global chief commercial officer at Bitstamp Bobby Zagotta said. Read More
HVC is poised to triumph in the crypto economy.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.
The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. Read More
How to put words into a Bitcoin address? Here’s how vanity addresses work
A Bitcoin vanity address is your signature on the blockchain canvas — a custom touch in the realm of digital finance.
Have you ever wondered whether a Bitcoin address — or a string of 26–35 alphanumeric characters — can happen to have human-readable words instead of random letters?
You’ve probably heard of the Lightning Network, which allows you to create a fancy BTC address that looks like an email or a web domain. But there’s also a way of creating Bitcoin addresses containing human-readable words on the original Bitcoin blockchain. Such addresses are known as vanity Bitcoin addresses.
A vanity Bitcoin address is a personalized BTC address that contains a specific pattern or word in a part of its total 26-35 character string of letters and numbers. Unlike a usual Bitcoin address — which is made of random characters — a vanity Bitcoin address allows users to customize their addresses or even send a specific message just within the address.
The term “vanity address” comes from the plain meaning of the word “vanity,” which is used to express inflated pride in oneself or one’s appearance. In line with the direct meaning, vanity addresses are used by those who want to stand out and give their wallet address a unique identity. Read More
Dropbox ditches unlimited storage offering, blaming crypto cloud miners
The storage platform turned to metered storage after discovering its Advanced plan was being used by some for crypto mining and other resource-intensive tasks.
The online storage platform Dropbox has binned its unlimited storage plan after discovering some of its users were using the service for resource-intensive purposes like mining crypto.
In an Aug. 24 blog post, Dropbox said its unlimited Advanced plan has instead moved to a metered storage plan, with new users getting 15 terabytes of storage — apparently enough to house 100 million documents.
It added it knew its “all the space you need” plan would result in uneven usage levels, but in recent months it had seen a surge in some users consuming “thousands of times more storage than our genuine business customers.”
“A growing number of customers were buying Advanced subscriptions not to run a business or organization, but instead for purposes like crypto and Chia mining.”
Dropbox said other high-resource uses included some reselling its storage or multiple individuals pooling storage for personal use. Read More
Atari founder, Animoca sees Web3 games as vital for virtual ownership and education
"I was gobsmacked" — Nolan Bushnell said his conversation with Yat Siu on Web3 games changed his brain.
Nolan Bushnell, the founder of Atari and inventor of Pong — one of the first commercially successful video games — has shared optimism for the future of Web3 games, particularly as it comes to bringing ownership to virtual worlds.
During the Digital Entertainment Leadership Forum in Hong Kong on Aug. 25, Bushnell spoke alongside Animoca Brands co-founder Yat Siu, discussing the past, present and future of gaming. It was moderated by Sean Hung, the managing partner of Chiron Group.
Bushnell, whom Siu acknowledged as the “grandfather of gaming,” praised Web3 games for their ability to extend the concept of ownership into the digital landscape.
“Games will increasingly imitate all factors of life. Web3 with blockchain suddenly transmits ownership into the virtual world.” Read More
Bitcoin Wins While Fed Prints More 'Fiat Toilet Paper', Says Arthur Hayes
Despite quantitative tightening, the Fed may be involuntarily increasing the money supply.
BitMEX co-founder Arthur Hayes believes the Federal Reserve will lose its quest to beat inflation, ultimately benefiting “risk assets of finite supply,” such as Bitcoin.
In a blog post published on Wednesday, the essayist argued that the Fed is sucking money from one area of the economy while injecting money into another.
As long as the Fed’s strategy to combat inflation remains “quixotic,” assets like Bitcoin will likely rise in the long run.
“Bitcoin has a finite supply, and therefore as the denominator of fiat toilet paper grows, so will Bitcoin’s value in fiat currency terms,” Hayes wrote. Aside from big tech and crypto, the ex-CEO believes nothing will yield a better return for investors besides parking their money at Fed and earning nearly 6% yield. 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.
