Crypto Giants Uniswap and Coinbase featured in SEC Crypto Trading Roundtable

The Securities and Exchange Commission (SEC) recently organized a roundtable discussion focusing on cryptocurrency trading. Participants included major industry players like Uniswap and Coinbase. The goal of the gathering was to address key issues within the crypto market and engage in fruitful discussions about the future of digital assets. During the roundtable, various topics were [...]

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The Rise and Fall of Gaming Giants: Exploring the Unfulfilled Promises of Onchain Gaming

The upheaval of gaming industry leaders In recent times, the gaming industry has witnessed the downfall of some major players. These giants, once renowned for their innovative technology and cutting-edge games, now face a difficult path forward as they struggle to navigate a rapidly changing landscape. Investors and industry analysts are closely watching the developments, [...]

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Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience

The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively. Top Stablecoins Tumble: $3 Billion Evaporates in Less Than 40 Days Statistics reveal a significant [...]

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‘Apple and Google Are Systemic Risks to Crypto,’ Says Ex-Coinbase CTO

Authorities in the U.S. and elsewhere may try to compel tech firms like Apple and Google to exfiltrate private keys from devices and apps under their control, crypto entrepreneur Balaji Srinivasan warned on social media. The former executive of Coinbase believes this would be done to remit funds to cash-hungry governments. Tech Giants Apple, Google

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Consider these play-to-earn (P2E) tokens as gaming giants eye blockchain gaming

Decentraland (MANA/USD), The Sandbox (SAND/USD), and Axie Infinity (AXS/USD) are some of the best projects that feature play-to-earn (P2E) mechanics that you can invest in throughout September of 2022.

When we look at some of the most recent crypto news, we can see that Japanese gaming giants are positioning themselves for mainstream blockchain game adoption.

Square Enix became a part of the Oasys blockchain and is one of the 21 node validators on the platform.

Alongside them, Bandai Namco and Ubisoft are the big names partnered with Oasys. 

On September 19, 2022, Decentraland (MANA) had a value of $0.698.

MANA/USD Chart By TradingView.

The all-time high of the Decentraland (MANA) cryptocurrency was on November 25, 2021, when it reached a value of $5.85.

When we go over the performance throughout the previous month, Decentraland (MANA) had its highest point of value on August 14 at $1.1167.

Its lowest point of value was on August 29 at $0.7473. This means that we can see a decrease in value of $0.3694 or by 33%.

This means that at $0.698, buying MANA can be a solid opportunity for investors as it can climb to $1.2 by the end of September 2022.

On September 19, 2022, The Sandbox (SAND) had a value of $0.8159.

SAND/USD Chart By TradingView.

When we go over its all-time high, The Sandbox (SAND) had a value of $8.40 on November 25, 2021.

When we go over the performance throughout the previous month, The Sandbox (SAND) reached $1.4052 on August 14 at its highest point and decreased to $0.9244 on August 29 at its lowest point.

This marked an overall decrease in value of $0.4808, or by 34%. With this in mind, investors might want to buy SAND at its low price point, as it can climb to $1.3 by the end of September 2022.

On September 19, 2022, Axie Infinity (AXS) had a value of $11.76.

AXS/USD Chart By TradingView.

Axie Infinity (AXS) reached its all-time high value on November 6, 2021, when it reached $164.90.

When we go over its performance throughout the previous month, Axie Infinity (AXS) had its highest point of value on August 13 at $19.75.

Its lowest point was on August 29 at $13.14. Here we can see a decrease in value of $6.61 or by 33%.With this in mind, AXS can climb to $15 by the end of September 2022, which means that buying AXS can be a solid opportunity.

The post Consider these play-to-earn (P2E) tokens as gaming giants eye blockchain gaming appeared first on Invezz.

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Finance giants Fidelity, Citadel Securities and Charles Schwab launch crypto exchange

A conglomerate of banking giants and other traditional finance companies, including top Fidelity Digital Assets, Charles Schwab and Citadel Securities, have today announced the launch of a Bitcoin (BTC) and cryptocurrency exchange.

This major crypto news story is about EDX Markets (EDXM), a new crypto platform the companies involved in its development say will be one-of-a-kind exchange whose backers include a group of broker-dealers, venture capital firms and market makers.

Other than Fidelity Digital Assets, Charles Schwab, and Citadel Securities, EDXM is also supported by Paradigm, Sequoia Capital and Virtu Financial, according to details shared in a press release.

The group expects many more financial companies to join through future partnerships with EDXM.

As per the announcement, the EDX Markets exchange will offer tighter spreads and benefit from greater liquidity as backed by the above traditional finance players. The platform targets bringing the best-in class crypto offering to the market, with interest in the burgeoning asset class not lost on the legacy firms.

The EDXM’s Board of Directors, which comprises of representatives of the highlighted founding members, commented via a statement:

“Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more. Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards.”

Jamil Nazarali, the EDXM Chief Executive Officer (formerly at Citadel Securities as Global Head of Business Development) said the exchange will help drive further adoption of crypto – which he sees as an “important asset class.”

EDX Markets will offer bitcoin and crypto trading for US retail and institutional investors, according to the news release.

The launch of the exchange comes as several traditional banking and investment providers add crypto services and products to cater to growing institutional and retail demand.

In August, and as reported by Invezz, Charles Schwab launched its first crypto exchange-traded fund (ETF). The same month also saw leading global asset manager BlackRock make a move with a partnership with Coinbase (read about it here).

Meanwhile, Fidelity, which launched the digital assets unit in 2018, recently allowed its clients to add Bitcoin to their 401(k) accounts. The company is also reportedly eyeing Bitcoin trading for its brokerage account clients (the firm has some 34.4 million such accounts).

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Voyager Digital set for asset auction amid interest from crypto giants

Bids for bankrupt crypto lender Voyager Digital are in and the platform is set to have an asset auction on 13 September 2022, documents filed on Tuesday show.

Voyager is one of the many crypto companies, as headlined across crypto news, that suffered a fatal blow as a result of the crypto winter and broader market contagion, a scenario many industry experts noted would spell doom for projects built on “cheap money.”. 

Indeed, as we covered here, the demise of crypto hedge fund Three Arrows Capital was one of the biggest blows to the crypto lender.

Now a little over two months following its bankruptcy filing, the company is preparing for an auction of assets as major players within the industry bid to take over what’s left of the lender. 

One of the bidders is major crypto exchange FTX, which was among the first companies to offer a bailout and publicly register a desire to buy Voyager’s assets. FTX CEO Sam Bankman-Fried has even warmed up to the tag of being the “JP Morgan of Crypto”. Read more.

According to Voyager’s counsel and as filed yesterday, the auction will start at 10 am ET on 13 September (Tuesday next week). Once the bidding is done, a hearing on the results will be held on 29 September.

Voyager filed for Chapter 11 Bankruptcy as part of its restructuring process on 5 July.

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NFL Bars Teams From Participating in Certain Cryptocurrency and NFT Ventures: Report

According to a recent report, the National Football League (NFL) advised teams that they could not, at least for now, sell non-fungible tokens (NFTs) and sponsorships to digital currency companies. Advertisements for specific crypto assets were mentioned alongside initial coin offerings (ICOs), according to various club sources who remained anonymous. Anonymous Club Sources Disclose the… More

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