x
Image Source: Pixabay
Coinbase Now Registered As Crypto Exchange and Custodian Wallet Provider With Bank of Spain
Top US digital asset exchange Coinbase has successfully registered as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain.
Coinbase says in a new announcement that the registration will let the company offer its full scope of products to retail and institutional users in Spain within regulation.
Spanish users will now be able to access Coinbase’s custody services, buy and sell digital assets using fiat currency and trade crypto against other crypto, as per the announcement.
Nana Murugesan, vice president of international and business development at Coinbase, says coordinating with regulators outside the US is part of the company’s main strategy.
“Most of the world is stepping up to the plate and providing clarity and guidance for the crypto industry. In the last year, alone we have obtained VASP (virtual asset service provider) registrations in Italy, Ireland, and the Netherlands, as well as in-principle approval and launching in Singapore, launching in Brazil, and, most recently, launching in Canada. Working with regulators in these jurisdictions is a fundamental step in our strategy to grow internationally and continue our momentum.” Read More
Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode
Inscriptions have been acting more as a “packing filler,” stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm.
Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking blockspace away from higher-value Bitcoin monetary transfers.
“There is minimal evidence that inscriptions are displacing monetary transfers,” on-chain analytics firm Glassnode explained its Sept. 25 “The Week On-chain” report.
The firm explained that this is likely because inscription users tend to set low fee rates, expressing a willingness to wait longer periods of time for confirmation.
“Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers.”
Bitcoin Ordinals were introduced in February 2023 and have since accounted for the lion’s share of network activity when it comes to daily transaction count. Read More
Kraken secures money license registrations in Spain and Ireland
The move follows the crypto exchange’s successful VASP registration in Italy.
Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) license from the Central Bank of Ireland and a virtual asset service provider (VASP) registration from the Bank of Spain.
According to the Sept. 26 announcement, the EMI license enables Kraken to expand euro-to-crypto trading services to 27 European Union member states and European Economic Area countries. Meanwhile, the VASP registration in Spain allows Kraken to offer exchange and wallet custodial services to Spanish residents. The firm is also registered as a VASP in Italy and Ireland.
Kraken’s vice president of global operations, Curtis Ting, commented: “We see a firm foundation for crypto in Europe, which has forward-looking regulation that enables us to grow with confidence.” The platform currently supports over 200 trading pairs across six fiat currencies — the British pound, euro, U.S. dollar, Canadian dollar, Swiss franc and Australian dollar. Read More
Beyond finance and Bitcoin: How blockchain is disrupting secure messaging
The technology’s permissionless, trustless and open-source nature promises to eliminate the messaging application’s security issues.
In the evolving landscape of decentralized messaging apps, Session stands out as a frontrunner, offering a robust, open-source and fully decentralized platform that puts security first and gives back data control to users.
Blockchain is, by default, associated with financial applications and profit-making opportunities, with Bitcoin being its first use case and decentralized finance (DeFi) representing its most promising trend.
However, the technology is industry-agnostic and can transform any data-driven market where privacy and security are core elements.
The financial sector has already embraced the potential of blockchain technology, with influential global institutions such as the International Monetary Fund and the Bank for International Settlements regularly discussing it. However, there is another sector in need of increased security and decentralization — communication. Read More
REFER THREE TO MARKETHIVE TO RECEIVE BONUS AIRDROPS AND ACTIVATE MICROPAYMENTS
As Markethive continues to gain traction with new members joining daily, Markethive is steadfast and in preparation to take a large share of the new Market Network that is the next generation following the social media craze of Web 2.0. Markethive is a Social Market Broadcasting Network. It sounds like a mouthful, and it is!
Markethive is an all-encompassing platform that has integrated;
As Markethive’s foundation is Blockchain-driven, it has its consumer coin, currently named Markethive Coin (MHV), but soon to be renamed Hivecoin (HVC - the Ticker Symbol). It is fully integrated into the system and has created an Ecosystem for all Markethive members, free and upgraded Entrepreneurs.
So Markethive has established its niche as the only Social Market Broadcasting Network with an infinity Airdrop and a system that rewards the users for engaging on the platform and learning how to use it with ongoing, real-time micropayments, otherwise known as a Faucet.
Markethive has the combined power of Facebook, LinkedIn, Marketo, and Amazon, with the real advantage of deriving income within the Markethive system while promoting your business and enjoying the social media interface. Read More
Marathon Mined an Invalid Bitcoin Block—Here's What That Means
Marathon (MARA) shares have dipped 2.9% since the accident occurred.
Public Bitcoin mining firm Marathon Digital mined an invalid Bitcoin block on Wednesday, causing the firm to miss out on newly minted BTC it would have otherwise earned.
Various Bitcoin users and developers including Casa CTO Jameson Lopp identified the invalid block using their own Bitcoin nodes earlier today. Marathon later confirmed that they were in fact responsible.
An invalid block is one that violates Bitcoin’s consensus rules, and is therefore rejected by network nodes. Bitcoin nodes are run by miners, exchanges, and ordinary users alike, who keep their own copy of the blockchain and verify new blocks of transactions as they come in.
A block may be labeled invalid if it includes a double-spend transaction or breaks Bitcoin’s block size limit, among other things. Marathon did not specify how its block was invalid, though some onlookers attributed the problem to a transaction ordering issue. Read More
Only Bitcoin, Ethereum, and Chainlink Are Meaningfully Decentralized: Sergey Nazarov
Amid falling bridges and staking cartels, industry experts like the Chainlink co-founder are again debating the age-old question of decentralization.
Decentralization is the holy grail of blockchain buzzwords.
Although it is endlessly touted by crypto advocates far and wide, another hack on the weekend unveiled a not-so-decentralized reality, reviving the industry’s oldest debate.
What does decentralization really mean?
“We are using the word for adoption rather than actual decentralization,” says Sergey Nazarov, the co-founder of the decentralized oracle network Chainlink.
For Nazarov, who alluded to the collapse of Celsius, Voyager, FTX, and most recently Mixin Network as examples of a “decentralization theater,” the buzzword is mostly being used “to attract capital.” Read More
The Scalability Solution: Understanding Layer One vs. Layer Two Blockchains
Layer one (L1) and layer two (L2) blockchains offer different approaches to scaling distributed ledger networks. While developers of L1 blockchains focus on improving the base protocol, L2 programmers have moved transactions off-chain to enable faster and cheaper transactions.
Layer one or L1 refers to a base blockchain protocol like Bitcoin or Ethereum. These networks operate on a decentralized ledger secured by proof-of-work (PoW) mining or proof-of-stake (PoS) staking. L1 chains such as Bitcoin and Ethereum offer unparalleled security. However, during peak times, both of these chains grapple with sluggish transaction speeds and steep fees.
Developers from several L1 networks are working to improve layer one scaling through methods like increasing block size, sharding, and introducing proof-of-stake consensus. However, substantial layer one upgrades require coordination among node operators and can take years to implement. Some blockchains intend to use L2 protocols as either a temporary or long-term solution. Read More
Cosmos Hub Introduces New Liquid Staking Module and Dashboard Features
Cosmos (ATOM) Hub, an integral blockchain within the Cosmos Network, announced the successful completion of its v12 upgrade. The update introduces the Liquid Staking Module (LSM) that allows ATOM token holders to bypass the previously mandated 21-day unbonding period for unstaking their assets.
As per the official announcement on 13th September at 9:30 pm, the new LSM facilitates users to "directly liquid-stake their already staked #ATOM without waiting for the unbonding period." This innovation aims to enhance the dynamics of the ATOM Economic Zone by enabling the staked ATOM to integrate seamlessly into the Cosmos decentralized finance (DeFi) ecosystem without undermining the staking returns.
However, it's essential to note that there are governance measures in place to ensure the security of this feature. Cosmos Hub tweeted a reminder emphasizing an initial limit where "the total amount of ATOM that can be liquid-staked is set at 25% of all staked ATOM." This cap is flexible and subject to future changes through governance processes. In addition to this, for heightened security, the LSM requires validators keen on receiving delegations from liquid staking providers to self-bond a specific quantum of ATOM. 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.
