🚀 BCB Group's Chief Compliance Officer Natasha Powell Resigns
#BCBGroup #NatashaPowell #resignation #complianceofficer #cryptocurrency #paymentcompany #executivedeparture #acquisition #SeriesB #financing
According to BlockBeats, on September 9, Natasha Powell, Chief Compliance Officer of the cryptocurrency payment company BCB Group, announced her resignation. Powell will continue to support the company as a non-executive director of BCB Payments. This marks the fifth executive departure from the company within 18 months. Powell stated that she will no longer be responsible for the company's daily operations but declined to disclose her new position.
Previously, on September 5, BlockBeats reported that BCB Group had received an acquisition offer. The acquisition interest was initiated by a potential buyer, and the London-based company is currently exploring Series B financing. In January 2022, BCB completed a $60 million Series A financing round, co-led by Foundation Capital, with participation from BACKED VC, PayU, and others.#BCBGroup #NatashaPowell #resignation #complianceofficer #cryptocurrency #paymentcompany #executivedeparture #acquisition #SeriesB #financing
🚀 Scallop Protocol Achieves $1.5 Million Revenue, Announces Buyback Program
#ScallopProtocol #revenue #buybackprogram #SCA #staking #crypto #communityreward #veSCA
According to Odaily, Scallop Protocol has reported a revenue of $1.5 million, with 10 million SCA tokens currently staked. The average staking duration is 3.7 years. To celebrate this milestone, Scallop will initiate a buyback program worth $100,000 to reward the community. This event will be open from September 11 to 15, and users must hold at least 800 veSCA to participate.#ScallopProtocol #revenue #buybackprogram #SCA #staking #crypto #communityreward #veSCA
🚀 PayPal Adds Shopify To Partnership List For Payment Processing
#PayPal #Shopify #Partnership #PaymentProcessing #ECommerce #Integration
According to Odaily, PayPal Holdings Inc. has recently added Shopify Inc. to its list of partners, reaching an agreement to handle some of the payment company's debit and credit card transactions. As part of the agreement, PayPal's wallet will also be integrated with Shopify Payments. This collaboration follows a previous partnership between the two companies, which saw the launch of Shopify Payments in France two years ago.#PayPal #Shopify #Partnership #PaymentProcessing #ECommerce #Integration
🚀 Fed Rate Cut May Signal Economic Concerns Impacting Bitcoin
#FedRateCut #EconomicConcerns #Bitcoin #RiskAssets #Cryptocurrencies #LiquidityEasing #StockMarket #BTC
According to Odaily, 10x Research suggests that a significant rate cut by the Federal Reserve could indicate economic concerns rather than reassurance, potentially affecting risk assets including Bitcoin. Currently, traders estimate less than a 30% chance of a 50 basis points rate cut next week.
10x Research data indicates that if the Federal Reserve cuts rates by 50 basis points on September 18, the anticipated bullish liquidity easing cycle might negatively impact risk assets such as cryptocurrencies. A 50 basis points rate cut next week could signify heightened economic worries or a lag in addressing an impending economic slowdown, leading investors to reduce exposure to risk assets like Bitcoin (BTC) and stocks.#FedRateCut #EconomicConcerns #Bitcoin #RiskAssets #Cryptocurrencies #LiquidityEasing #StockMarket #BTC
🚀 Cryptocurrency Stocks Rise In Pre-Market Trading As Bitcoin Prices Surge
#Cryptocurrency #Bitcoin #Stocks #PreMarket #Investing #ETFs
According to Odaily, cryptocurrency stocks experienced an uptick in pre-market trading as Bitcoin prices surged. ProShares Bitcoin Strategy ETF saw a 3.8% increase, while iShares Bitcoin Trust rose by 3.5%.#Cryptocurrency #Bitcoin #Stocks #PreMarket #Investing #ETFs
🚀 Bitcoin Mining Companies Achieve 23% Market Share in August
#Bitcoin #Mining #MarketShare #BTC #Cryptocurrency #PubliclyListedCompanies
According to Odaily, recent data from The Miner Mag reveals that 16 publicly listed Bitcoin mining companies have collectively captured nearly 23% of the market share in BTC production. In August, these companies produced a total of 3,226 Bitcoins, maintaining a consistent output compared to May, June, and July.#Bitcoin #Mining #MarketShare #BTC #Cryptocurrency #PubliclyListedCompanies
🚀 Rivalz Network Announces Privilege Passes for DYM Token Stakers
#RivalzNetwork #DYMToken #PrivilegePasses #SilverPass #GoldPass #zNodeSale #Wave0 #EVMWallets #CosmosWallets #RollDrop
According to Odaily, Rivalz Network has announced the issuance of privilege passes to DYM token stakers. Users who stake 100 or more DYM tokens will receive a SilverPass, while those staking 1000 or more DYM tokens will be awarded a GoldPass. These passes grant holders the opportunity to participate in the Wave 0 validator zNode sale event, scheduled for September 10 at 9 PM UTC+8.
Rivalz Network has indicated that users will see DYM badges on the platform later this week. It is important to note that pass holders can purchase zNodes at Tier 1 or Tier 2 prices, but this is separate from the upcoming RollDrop event, which will be conducted at a later date. The current event supports only EVM wallets, with Cosmos wallet support to be introduced during the RollDrop period.#RivalzNetwork #DYMToken #PrivilegePasses #SilverPass #GoldPass #zNodeSale #Wave0 #EVMWallets #CosmosWallets #RollDrop
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🚀 Hong Kong's Comprehensive Crypto Regulations Highlighted By Former CoinDesk Executive
#HongKong #CryptoRegulations #VirtualAssets #CryptoFriendly #Web3 #ETFs #Bitcoin #Ethereum #DigitalAssets #Stablecoins
According to Odaily, Emily Parker, former Global Strategy Executive Director at CoinDesk, emphasized during an event in Hong Kong that being 'crypto-friendly' does not equate to being 'crypto-easy.' She explained that jurisdictions considered friendly to cryptocurrencies have stringent requirements for sustainable development. Parker highlighted Hong Kong's comprehensive virtual asset regulations and the licensing of exchanges that allow retail trading, positioning the city as a burgeoning digital asset hub.
Parker pointed out that Hong Kong has detailed regulations and clear rules, with strict operational guidelines for virtual asset exchanges. These include a mandate to maintain 98% of assets in 'cold wallets' and adherence to rigorous regulatory standards. She also noted Hong Kong's proactive development of Web 3.0, providing a new 'sandbox' for stablecoin issuers and offering spot exchange-traded funds (ETFs) for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).#HongKong #CryptoRegulations #VirtualAssets #CryptoFriendly #Web3 #ETFs #Bitcoin #Ethereum #DigitalAssets #Stablecoins
🚀 Liquity to Launch New Stablecoin BOLD in Two Months
#Liquity #BOLD #stablecoin #LUSD #Ethereum #borrowing #interestRates #collateral #Layer2 #blockchain
According to Odaily, Liquity executive Colin Platt announced that the company is approximately two months away from launching its new stablecoin, BOLD. This new stablecoin aims to address some of the issues that led to the significant decline of LUSD over the past year and will grant the community a small degree of control.
BOLD will feature borrower-selected interest rates instead of the one-time fee used by its predecessor. Additionally, it will accept staked Ether as collateral. Liquity also plans to allow selected developers to 'copy' BOLD's code, with the hope that affiliated tokens will gain market share on Layer 2 blockchains handling an increasing number of Ethereum-based transactions.#Liquity #BOLD #stablecoin #LUSD #Ethereum #borrowing #interestRates #collateral #Layer2 #blockchain
🚀 Hong Kong Prepares Legislation for Stablecoin Issuers
#HongKong #Stablecoin #Legislation #VirtualAssets #Web3 #FinancialInnovation #RegulatoryFramework #FiatBackedStablecoin #MarketStability #Transparency #ReserveAssets
According to Odaily, Hong Kong's Financial Services and the Treasury Bureau, along with the Deputy Chief Executive of the Hong Kong Monetary Authority, Chen Haolian, reaffirmed during an event that preparations are underway for legislation regulating fiat-backed stablecoin issuers. The goal is to submit the legislative proposal to the Legislative Council by the end of this year. The Hong Kong government has a clear vision for the development of virtual assets and Web 3.0, emphasizing that only through a transparent, certain, and predictable regulatory environment can financial innovation be encouraged.
Chen Haolian pointed out that as virtual assets become mainstream, there is a market consensus on establishing a regulatory framework for fiat-referenced stablecoin (FRS) issuers. This framework is crucial for managing potential monetary and financial stability risks while ensuring transparency and appropriate safeguards. The proposed framework requires FRS issuers to meet several key requirements, including being a registered entity in Hong Kong, operating in Hong Kong, having senior management based in Hong Kong, and maintaining 100% reserve assets to ensure all circulating stablecoins are fully backed by equivalent reserves. The related regulations aim to protect stablecoin users and promote a stable and healthy market development.#HongKong #Stablecoin #Legislation #VirtualAssets #Web3 #FinancialInnovation #RegulatoryFramework #FiatBackedStablecoin #MarketStability #Transparency #ReserveAssets
🚀 Michael Saylor Recommends Holding Bitcoin For Over Four Years
#MichaelSaylor #Bitcoin #HoldBitcoin #Investing #MicroStrategy #BTC
According to Odaily, Michael Saylor, co-founder and executive chairman of MicroStrategy, has advised purchasing Bitcoin and holding it for a minimum of four years.#MichaelSaylor #Bitcoin #HoldBitcoin #Investing #MicroStrategy #BTC
🚀 Bitcoin Mainnet DEX SotSwap to Support Fractal Network
#Bitcoin #SotSwap #FractalNetwork #DEX #cryptocurrency #DeFi #interoperability #trading #BTC #FB
According to Odaily, Bitcoin mainnet decentralized exchange (DEX) SotSwap has announced on the X platform that it will soon support the Fractal network. Additionally, SotSwap plans to introduce a swap feature between FB and BTC.
This development marks a significant step for SotSwap as it expands its network capabilities and trading options. The integration with the Fractal network is expected to enhance the platform's functionality and provide users with more diverse trading opportunities. The introduction of the FB and BTC swap feature aims to facilitate smoother and more efficient transactions between these two cryptocurrencies.
SotSwap's announcement has generated interest within the cryptocurrency community, as it reflects the ongoing efforts to improve interoperability and user experience in the decentralized finance (DeFi) space. The support for the Fractal network and the new swap feature are anticipated to attract more users to the platform, potentially increasing its trading volume and liquidity.#Bitcoin #SotSwap #FractalNetwork #DEX #cryptocurrency #DeFi #interoperability #trading #BTC #FB
🚀 Phantom's Swap Fees on Solana Chain Surpass $30 Million
#Phantom #SwapFees #Solana #Blockchain #Cryptocurrency #Finance #SOL
According to Odaily, Phantom's total swap fees on the Solana chain have exceeded $30 million, reaching $30,854,325. Notably, swap fees generated in August this year amounted to approximately $5 million.#Phantom #SwapFees #Solana #Blockchain #Cryptocurrency #Finance #SOL
🚀 Zilliqa Announces Leadership Change at Web3 Gaming Studio Roll1ng Thund3rz
#Zilliqa #Web3 #Gaming #LeadershipChange #Roll1ngThund3rz #KennyCreanor #ValentinCobelea #GameDevelopment #ZIL
According to Odaily, Zilliqa has announced that Valentin Cobelea, the Chief Technology Officer (CTO) of its Web3 gaming studio Roll1ng Thund3rz, will be stepping down. Kenny Creanor will assume the role of interim leader for the Roll1ng Thund3rz team, continuing to advance the studio's ambitious roadmap for revolutionizing the gaming industry with Web3 technology. Kenny has previously held multiple positions within Roll1ng Thund3rz and Zilliqa, most recently serving as the lead developer. The strategic direction of Roll1ng Thund3rz will remain unchanged, with the company continuing to focus on growth through the development of Web3 gaming projects, such as its free, skill-based shooting game Web3War.#Zilliqa #Web3 #Gaming #LeadershipChange #Roll1ngThund3rz #KennyCreanor #ValentinCobelea #GameDevelopment #ZIL
🚀 Bitcoin Spot ETF Sees Rapid Institutional Adoption
#Bitcoin #ETFs #InstitutionalAdoption #IBIT #13F #SEC #Investment
According to BlockBeats, on September 9, Bloomberg Senior ETF Analyst Eric Balchunas shared on social media that Bitcoin spot ETFs have garnered over 1,000 institutional holders within just two 13F reporting periods. This level of adoption is unprecedented.
Specifically, the IBIT ETF alone has 661 institutional holders, with 20% of its shares held by institutions and large advisors. Balchunas predicts that this proportion could rise to 40% within the next 12 months, highlighting the remarkable nature of this trend.
For context, Form 13F is a document required by the U.S. Securities and Exchange Commission (SEC) from certain institutional investors. Investment management companies with assets exceeding $100 million, including hedge funds, pension funds, and other large investment institutions, must submit this report quarterly to the SEC.#Bitcoin #ETFs #InstitutionalAdoption #IBIT #13F #SEC #Investment
🚀 COTI AI Chatbot Now Available for Developer Community
#COTI #AI #Chatbot #DeveloperCommunity #TechnicalQueries #MPC #EVM #SDK
According to Odaily, COTI has successfully completed the trial phase of its custom AI chatbot and announced its official launch. The chatbot is now accessible through the COTI developer documentation. This AI model has been specifically trained to serve the COTI developer community, providing tailored answers to a wide range of technical queries.
The COTI AI model is composed of various sources, including GitHub repositories, MPC libraries, documentation, EVM technical documents, SDK documentation, and SDK examples. By integrating the most extensive COTI training data, the chatbot can offer customized responses on topics ranging from onboarding and accounts to contracts and dApps.#COTI #AI #Chatbot #DeveloperCommunity #TechnicalQueries #MPC #EVM #SDK
🚀 BBVA Switzerland Enables USDC Management for Clients
#BBVASwitzerland #USDC #DigitalCurrency #Cryptocurrency #FinancialServices #InstitutionalBanking #PrivateBanking #NewGenAccounts #CurrencyExchange
According to BlockBeats, on September 9, BBVA Switzerland announced that its institutional and private banking clients, as well as those with NewGen accounts, can now manage their USDC funds on the same platform they use for traditional investments. Clients can exchange, custody, or automatically convert USDC to euros, dollars, or any fiat currency in near real-time.#BBVASwitzerland #USDC #DigitalCurrency #Cryptocurrency #FinancialServices #InstitutionalBanking #PrivateBanking #NewGenAccounts #CurrencyExchange
🚀 Global Economic Slowdown Expected, Says Saxo Markets Strategist
#GlobalEconomicSlowdown #SaxoMarkets #EconomicForecast #RateCut #FederalReserve #FXStrategy #DovishRhetoric #InterestRates
According to Odaily, Saxo Markets' Global Market Strategist and Head of FX Strategy, Charu Chanana, has indicated that global data clearly points to an economic slowdown. Chanana stated, 'My inclination is a 25 basis point rate cut. As I mentioned, there is no reason to panic. If the Federal Reserve immediately cuts rates by 50 basis points, it might cause some panic.' She added, 'I believe they will use very dovish language and leave room for a 50 basis point rate cut in November or December if necessary. A 25 basis point cut combined with very dovish rhetoric will offset the impact of not cutting 50 basis points now.'#GlobalEconomicSlowdown #SaxoMarkets #EconomicForecast #RateCut #FederalReserve #FXStrategy #DovishRhetoric #InterestRates
🚀 US Commerce Department Proposes Reporting Requirements For AI Developers
#USCommerceDepartment #AI #ArtificialIntelligence #CloudComputing #Cybersecurity #Regulations #ReportingRequirements #TechnologySafety #Cyberattacks #RedTeaming
According to Odaily, the U.S. Department of Commerce announced on Monday a proposal for detailed reporting requirements aimed at advanced artificial intelligence developers and cloud computing providers. The initiative, put forth by the Bureau of Industry and Security, seeks to ensure the safety of technology and its resilience against cyberattacks. The proposal mandates that activities related to the development of 'cutting-edge' AI models and computing clusters must be reported to the federal government. Additionally, it requires the reporting of cybersecurity measures and the outcomes of 'red-teaming' exercises, which involve testing for dangerous capabilities such as aiding cyberattacks or lowering the barriers for non-experts to develop chemical, biological, radiological, or nuclear weapons.#USCommerceDepartment #AI #ArtificialIntelligence #CloudComputing #Cybersecurity #Regulations #ReportingRequirements #TechnologySafety #Cyberattacks #RedTeaming
🚀 Ether.fi To Launch Visa Cash Card In Collaboration With Scroll
#Etherfi #VisaCashCard #Scroll #Layer2 #Ethereum #CryptoAssets #FiatCurrency #Cryptocurrency #Rewards #PreOrder
According to Odaily, Ether.fi is set to introduce a new Visa cash card named 'Ether.fi Cash.' The company has also announced a partnership with Scroll, a Layer 2 network on Ethereum, to bring this credit card to the market. Ether.fi Cash allows users to utilize fiat currency while using crypto assets as collateral, enabling individuals to hold cryptocurrencies and earn rewards during everyday purchases. The card is currently in use within Ether.fi and will start shipping to pre-order customers on September 16.#Etherfi #VisaCashCard #Scroll #Layer2 #Ethereum #CryptoAssets #FiatCurrency #Cryptocurrency #Rewards #PreOrder