Author: Top Rated Cryptos

Binance Loses Market Share in Non-Dollar Crypto Exchanges Key Points: – Binance, the leading cryptocurrency exchange, has experienced a significant decline in market share in non-dollar crypto exchanges. – Since the start of 2023, Binance’s market share in non-dollar crypto trading has dropped by almost 25%. – Competitors such as Coinbase and Kraken have gained traction in this market, capturing a larger share of trading volume. – The decline in market share can be attributed to several factors, including regulatory challenges and increasing competition in the industry. – Binance is actively seeking to regain its market dominance through various strategies…

Improbable Shifts Focus to Becoming a “Venture Builder” in the Metaverse Key Points: Improbable, the metaverse company known for its virtual experiences in gaming and defense, is undergoing a significant strategic shift. The company plans to transition from its current focus on creating virtual experiences for video games and defense applications and instead become a “venture builder” in the metaverse. This shift in strategy is in response to the growing demand and potential of the metaverse, which has gained significant popularity and attention in various industries. As a venture builder, Improbable aims to develop and support startups and creative projects…

SEC Extends Deadline for ARK 21Shares Bitcoin ETF Key Points: The U.S. Securities and Exchange Commission (SEC) has granted ARK 21Shares an extension for their spot Bitcoin (BTC) ETF. The deadline for the approval of the ETF has been extended to January 2024. This move is expected to provide ARK 21Shares with additional time to address the SEC’s concerns regarding the risks and oversight of the proposed Bitcoin ETF. The SEC’s decision to extend the deadline reflects the regulatory uncertainty surrounding cryptocurrency exchange-traded funds. The Breakdown: The U.S. Securities and Exchange Commission (SEC) has announced that it is granting ARK…

Binance Exiting Russian Market, Selling Local Business to CommEX Key Points: Binance, the renowned cryptocurrency exchange, has announced its decision to exit the Russian market. The exchange will be selling its local business to CommEX, a reputable financial institution based in Russia. This move comes as Binance aims to streamline its operations and focus on its core markets. CommEX will be taking over Binance’s customer accounts, ensuring a smooth transition for Russian users. The companies involved have emphasized their commitment to providing continued support and services during the transition period. Binance’s Strategic Decision Binance, one of the most well-known and…

Ramp Partners with MetaMask to Bring On-Ramp Services to Mobile App Key Points: Ramp, a leading fiat-to-crypto on-ramp service provider, has announced its partnership with MetaMask. The collaboration aims to integrate Ramp’s on-ramp services on the MetaMask wallet’s mobile application. MetaMask is a popular Ethereum wallet and browser extension used by millions of users worldwide. This integration will provide MetaMask users with a seamless and user-friendly option to purchase cryptocurrencies using fiat currencies. Ramp’s infrastructure will enable users to buy crypto directly within the MetaMask app using their preferred payment methods. The partnership opens up new opportunities for both Ramp…

Beyond Bitcoin: The Duality of Cryptocurrency’s Potential The world of cryptocurrency is a fascinating and evolving one, offering two distinct yet sometimes conflicting perspectives: the monetary perspective and the practical perspective. While these two angles are often intertwined, they can also diverge, raising intriguing questions about the future of digital assets. The Monetary Perspective: A Haven for Hard Money One of the most alluring aspects of Bitcoin is its monetary perspective. As a form of “hard money,” Bitcoin operates with a capped supply of 21 million units. This transparent and predictable money supply has drawn admirers who see it as…

Circle and Stellar Collaborate to Bring EURC Stablecoin onto the Stellar Blockchain Introduction – Circle and Stellar announce a strategic collaboration to integrate EURC stablecoin into the Stellar blockchain. – EURC is a euro-anchored stablecoin issued by Circle, providing a seamless way for users to transact in euros on the Stellar network. – The partnership aims to enhance cross-border payments and enable efficient transactions using stablecoins. Integration of EURC Stablecoin onto Stellar Blockchain Circle, a leading global financial technology company, and Stellar, an open-source blockchain platform, have joined forces to integrate the euro-anchored stablecoin, EURC, into the Stellar blockchain. This…

Kraken Secures Virtual Asset Service Provider Registration in Spain Key Points: Kraken, one of the leading cryptocurrency exchanges, has successfully obtained a virtual asset service provider (VASP) registration in Spain. This registration enables Kraken to legally provide its services to customers in Spain, further expanding its presence in Europe. Spain has become an attractive hub for cryptocurrency businesses due to its supportive regulatory framework and growing interest in cryptocurrencies. Kraken’s VASP registration in Spain follows similar regulatory achievements in other European countries, including France, the UK, and Germany. The expansion into Spain enhances Kraken’s ability to serve European customers and…

Ethereum Blockchain Operators Comply with Sanctions, Igniting Decentralization Concerns In recent developments within the Ethereum blockchain community, an increasing number of operators have chosen to adhere to the sanctions imposed by the Office of Foreign Assets Control (OFAC). While this move may seem like a step towards regulatory compliance, it has sparked a wave of concerns among proponents of decentralization and individuals actively participating in the network. The Background: OFAC Sanctions and Ethereum Blockchain The Office of Foreign Assets Control (OFAC) is a division of the U.S. Department of the Treasury that administers and enforces economic sanctions against foreign individuals…

Grayscale Urges SEC to Approve Bitcoin Exchange-Traded Fund (ETF) Application Key Points: Grayscale, a leading digital asset management firm, is appealing to the U.S. Securities and Exchange Commission (SEC) for the approval of its spot Bitcoin exchange-traded fund (ETF) application. The company’s lawyers have written a letter to the SEC, emphasizing the potential harm to investors caused by further delays in approving the Bitcoin ETF. Grayscale suggests a meeting with SEC officials to discuss and address any concerns they may have regarding the Bitcoin ETF. If approved, the Grayscale Bitcoin ETF would provide investors with a regulated and accessible vehicle…