Coinbase criticized the U.S. Commodity Futures Trading Commission late Thursday, opposing proposed rules that would ban certain event contracts.“Event markets are a promising area of the future economy, which is why we are responding to the CFTC’s Notice of Proposed Rulemaking today,” Chief Legal Officer Paul Grewal wrote on X. “We fully support the CFTC in its mission to maintain the integrity of the U.S. derivatives markets and believe they can provide a robust regulatory framework for this new type of contract. However, if adopted, this proposal would prohibit many speculative contracts without good reason.”Earlier this week, cryptocurrency skeptic Senator…
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The Open Network (TON), a layer-one blockchain, has surged more than 13% in 24 hours after suddenly gaining support from the world’s largest cryptocurrency exchange by trading volume. At the time of writing, TON Coin is trading at $6.22, up from $5.44 a day ago. In a new announcement, Binance said it would list TON with a seed tag, which the platform applies to tokens with greater volatility potential. Users who own assets with the tag will be required to pass a quiz every 90 days to understand the inherent risks. TON was originally developed by encrypted messaging platform Telegram…
The beta phase improves game qualityAmit Mahajan, creator of Farmville and Pirate Nation, emphasizes the importance of beta releases in game development, especially in the blockchain gaming space. Mahajan argues that releasing games incrementally and evolving them based on community feedback results in higher quality and more engaging final products. “I actually like this whole build thing openly. It’s always evolving the game. It’s like releasing and iterating,” Mahajan shared with Cointelegraph. He believes that early feedback is invaluable, citing Farmville’s iterative improvements, which were initially built in just five weeks but are constantly updated based on user input.Building and…
Alvin Lang Aug 10, 2024 05:33 Solana’s Circle’s new gas station feature eliminates gas fees for users by sponsoring them through their fee-paying wallets. Circle, a prominent fintech company, has launched a new feature called Gas Station on the Solana blockchain that allows developers to sponsor users for gas via the payer’s wallet, circle.com reports. The innovation aims to remove significant barriers for blockchain app developers and users by simplifying the transaction process. introduction Gas fees in the blockchain ecosystem often present challenges for developers looking to create seamless user experiences. Circle’s Gas Station…
Company • August 9, 2024 2:09 PM EDT Posted 1 minute earlier ~ in About the AuthorJames Hunt is a journalist at The Block and author of The Daily newsletter, bringing you the latest crypto news every weekday. Prior to joining The Block in 2022, James worked as a freelance writer in the industry for four years, contributing content to publications and crypto projects. James’s coverage ranges from Bitcoin and Ethereum to layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, trending NFTs and memecoins, regulatory landscapes, crypto company deals, and the latest market updates. Reach James on…
Cardano is likely to drop to $0.30 in the short term to secure liquidity. A decline in the MDIA could be a strong signal that bulls are ready to re-enter. Cardano (ADA) broke out of a descending wedge formation in mid-July, but the uptrend stalled before it could really get going. If that wasn’t disappointing enough, the Bitcoin (BTC) selloff and market-wide panic earlier this week caused ADA to crash to $0.275. Source: ADA/USDT on TradingView Data shows that the asset has been quite volatile in recent weeks. Other indicators have been mixed, but more bearish than bullish. Despite the…
Joerg Hiller Aug 10, 2024 03:40 Explore the best audio file formats for speech-to-text applications, focusing on sound quality, file size, and compatibility with STT software. The accuracy of Speech-to-Text (STT) systems is strongly influenced by the quality of the audio input. Choosing the right audio file format is essential, as it directly impacts how accurately the system can interpret and transcribe spoken words. According to AssemblyAI, various audio and video formats offer different advantages and drawbacks for STT applications, focusing on sound quality, file size, and compatibility with STT software, as well…
Policy • August 9, 2024 2:07 PM EDT Posted 1 minute earlier ~ in The U.S. Securities and Exchange Commission has postponed its decision on an exchange-traded fund (ETF) from Hashdex, a cryptocurrency asset management company that directly owns physical bitcoin and ether.The agency said it would extend the time to decide whether to approve, deny or initiate proceedings until September 30, 2024. filing Posted on Friday.The SEC stated, “The Commission believes it is appropriate to provide a longer period of time to take action on the proposed rule change so as to allow sufficient time to consider the proposed…
According to a post by Chainlink on the X Platform, derivatives protocol Synthetix will be adding Chainlink Data Streams to its upcoming v3 deployment on the Arbitrum Network after the governance council unanimously voted in favor of the integration. Chainlink’s Data Streams are so-called “pull-based” oracles designed to provide verified on-chain data at higher frequency and lower latency than traditional “push-based” solutions. This is particularly useful for decentralized derivatives exchanges like Synthetix, which require real-time access to market data to facilitate trading. “Pull-based” oracles are designed to deliver data with lower latency than traditional solutions. Source: ChainlinkChainlink stated that “Data…
James Ding Aug 10, 2024 01:32 Ripple (XRP) has begun beta testing its stablecoin Ripple USD (RLUSD) on the XRP Ledger and Ethereum mainnet, a major step forward for digital finance. According to ripple.com, Ripple (XRP) has officially launched beta testing of its new stablecoin, Ripple USD (RLUSD), on the XRP Ledger (XRPL) and Ethereum mainnet. This development represents a significant milestone in the company’s efforts to improve the quality of assets available on XRPL and foster new opportunities, liquidity, and institutional use cases.Beta phase and securityThe current beta phase is critical to ensuring…