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Manchester, UK, June 30th, 2023, Chainwire Manchester City and OKX, one of the leading crypto exchanges by trading volume and a leading Web3 technology company, today announced OKX as the Club’s Official Sleeve Partner in a new multi-year agreement. As part of the expanded deal, the OKX brand will feature on the left sleeve of both the men’s and women’s first team playing kits and will retain its position on the left sleeve of the first team training kits, in addition to appearing across further digital and physical club assets. OKX’s partnership with Manchester City began in March 2022, first expanding in July 2022 to become the Club’s Official Training Kit Partner for the 2022/23 season. To date, the partnership has helped introduce the brand to millions of football fans around the world through innovative Web3 experiences like the OKX Collective , through which fans can get up-close-and-personal with Manchester City players and OKX Ambassadors such as Jack Grealish and Alex Gree...

FTX, the defunct cryptocurrency exchange, has reportedly initiated negotiations with investors to support the relaunch of its international trading platform under new leadership. According to Wall Street Journal, the company, now under the management of new owner CEO John J. Ray III, aims to emerge from bankruptcy in November 2022. A Strange Idea The team announced its revival plan earlier in May 2023; and it has since made considerable efforts to move to that direction. As part of the relaunch strategy, FTX has accelerated the bidding process with a series of meetings over the past few months. The company’s efforts have drawn attention from industry insiders and market observers. Discussions with potential investors are already underway. The objective is to secure the necessary financial support and expertise to reestablish the global trading platform. By soliciting interested parties, FTX aims to gather the resources required to reinvent itself in the competitive cryptocurrenc...

A U.S. judge has rejected an attempt by Binance.US, the American subsidiary of crypto exchange Binance, to sue the U.S. Securities and Exchanges Commission (SEC) over its press release that equivocates defendants’ customers. It is unnecessary or inappropriate for the Court to “get involved in wordsmithing the parties’ press releases,” the District Court Judge stated. D.C. District Court Judge Amy Berman Jackson, who was in charge of the case, has rejected Binance’s request to limit the SEC’s use of language regarding Binance.US’ management of customer funds. Binance argued that such language could be detrimental to their position during the trial. Judge Jackson stated that the court’s role does not involve “wordsmithing” public statements for either party involved in the case. She ruled that court intervention was unnecessary and not warranted at this time and that the SEC’s public relations efforts thus far were unlikely to significantly impact the proceedings. A Complex Web ...

Bitcoin and Ethereum ETFs are now accessible to Hong Kong customers via the Hong Kong Exchange (HKEX). Hongkong and Shanghai Banking Corporation (HSBC) has reportedly added three new exchange-traded products to its listing, including CSOP Bitcoin Futures ETF, Samsung Bitcoin Futures Active ETF, and Ether Futures ETF. These offerings are officially available on the Hong Kong Exchange (HKEX). Hong Kong is Leading the Way The news initially surfaced on Wu Blockchain’s Twitter, backed by Colin Wu, a reporter covering Asia-focused crypto news. He highlighted that HSBC was the first and the largest bank in Hong Kong to officialize crypto ETFs, leveraging local customers’ access to cryptocurrencies. Hong Kong customers can now buy, sell, and trade Bitcoin and Ethereum ETFs listed on the HKEX platform. Managed by CSOP Asset Management, the CSOP Bitcoin Futures ETF and the CSOP Ether Futures ETF track standardized Bitcoin futures contracts and Ether futures contracts listed on the Chica...

Dubai, UAE, June 27th, 2023, Chainwire OKX , the second-largest crypto exchange by trading volume and a leading Web3 technology company, today launched its new ‘Nitro Spreads’ feature on its institutional Liquid Marketplace , an OTC, futures spreads and options liquidity network, allowing traders to make complex basis trades with simple one-click execution. Basis trading is a strategy built around trading the difference between an asset’s price on two separate markets, such as spot vs. futures, and can generate returns when executed properly. It typically requires both legs of the trade to be managed simultaneously, which can be cumbersome. OKX’s Nitro Spreads automates this complex trade into one click, leveraging the platform’s superior liquidity and low latency for maximum user benefit. Nitro Spreads is also one of the only basis trading tools in the crypto market in which the two legs of the trade are executed via a central orderbook, eliminating leg risk between markets. Befor...

Binance has faced opposition, legal challenges, and restrictions from regulators around the world. In a recent development, Belgium’s top regulator demands an immediate halt of crypto services from the crypto giant. Challenges in Belgium Recently, the Financial Services and Markets Commission (FSMA), Belgium’s foremost market regulator, has issued a stern directive to cryptocurrency exchange Binance, ordering the cessation of its services in the country. The FSMA contends that Binance violates the law by providing exchange services for cryptocurrencies and fiat currencies, as well as custodial wallet services, from non-European Economic Area countries. For that reason, the FSMA has requested that Binance immediately cease providing any of such services in Belgium, according to the FSMA announcement. This latest setback for Binance comes amid an array of legal troubles faced by both Binance and its US counterpart. Regulators worldwide, including the United States, have expressed ...

Guardarian, a leading non-custodial cryptocurrency exchange platform, is pleased to announce the addition of LUSD to its list of supported stablecoins. With this latest expansion, Guardarian further solidifies its commitment to providing users with a diverse range of stablecoin options for seamless cryptocurrency transactions. A seamless purchasing experience Guardarian has established itself as a trusted platform that enables users to buy and sell cryptocurrencies instantly and securely. The platform’s non-custodial nature ensures that users have complete control over their funds throughout the transaction process. Though the majority of crypto investors tend to buy USDT or USDC for their everyday needs, the addition of LUSD to Guardarian’s stablecoin offerings enhances the platform’s versatility, allowing users to access more choices for stable and reliable digital assets. A stablecoin for everyone Stablecoins play a crucial role in the cryptocurrency ecosystem, providing stab...

Georgetown, Cayman Islands, June 23rd, 2023, Chainwire Tether chooses Kava , a layer-1 blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem. Kava is excited and honored by Tether’s decision to bring the world’s most liquid, secure, and transparent stablecoin USDt to Cosmos appchains and Kava EVM dApps. https://twitter.com/Tether_to/status/1671445095965499393?s=20 “Kava’s support of Tether’s USDt integration will help bring stability and unlock liquidity across Cosmos and EVM ecosystems. Native USDt issued on Kava will address the limited growth, low liquidity, and increased volatility of using the Cosmos ecosystem, and help ignite a robust DeFi economy, empowering appchains, EVM dApps, and their users with a secure and widely adopted canonical stablecoin,” said Scott Stuart, Kava Co-Founder. Tether’s decision to integrate USDt natively on Cosmos, using Kava as a hub, will bring accessibility and financial stability to users and developers within...

From “no one uses it” to “power as an asset class,” it appears that Fed Chairman has changed his mind about cryptocurrencies like Bitcoin. Testifying on the Monetary Policy Report on June 21, Federal Reserve Chairman Jerome Powell impressed the crypto community with his latest remarks. He said, “Crypto appears to have to staying power as an asset class.” Powell also noted that he considered stablecoin a form of money while emphasizing the role of the central bank as an “ultimate source of credibility in money” in “all advanced economies.” Fed Embraces the Digital-Asset Destiny During the hearing, the primary focus revolved around monetary policy, with particular attention given to the Federal Reserve’s recent decision to halt interest rate hikes. Powell, in his statement, reiterated the central bank’s intention to proceed with rate increases at a more gradual pace, stressing the importance of considering costs and proceeding with caution. Highlighting the progress achieved thus...

In under seven months, the site has leaped from zero to two hundred cryptocurrency casino reviews. “The 200 mark is a major milestone for the most extensive and fastest growing list of Bitcoin casinos,” stated Markus Jalmerot, co-founder of Crypto Lists Ltd. The structure and content of each BTC casino review saw substantial improvements in 2023, now encompassing and comparing over 250 deposit methods and 350 different casino developers. In addition, each review includes desktop and mobile screenshots for each brand. The most common and significant games from each brand are now also featured in the reviews, a section that will continue to expand over time with further classification of available Bitcoin games. Each review also incorporates a FAQ section and a historical overview of each casino site’s development over time. Every day, a series of news flashes with recent updates related to Bitcoin casino reviews are released. The BTC casino review section has evolved into the most ...

There are many famous aphorisms attributed to Binance founder and CEO Changpeng Zhao aka CZ. Some, such as the immortal “Funds are safu” typo, have assumed a life of their own, becoming part of crypto culture. But there’s another CZ line , which he has frequently repeated, that resonates truer today than at any point in the exchange’s five-year history. “Don’t bet against Bitcoin. And don’t bet against B–.” CZ doesn’t finish the line because he doesn’t have to, but for the avoidance of doubt, the second B is BNB, the token whose meteoric rise is inexorably intertwined with that of Binance and its larger-than-life boss. Today, however, Binance, BNB, and that other B – Bitcoin – are facing their toughest year yet. With the SEC circling, rumors of sealed indictments, and the knives out for the industry’s heavyweights, CZ and his beloved B’s are gearing up for the fight of their lives. But as history shows, you should dismiss the Binance empire at your peril. Reports of its demise have...

BlackRock’s ambition to be in sync with the industry is a clear sign that cryptocurrencies are here to stay. But some people think it’s not a good sign for retail investors . On June 15, BlackRock, the world’s dominant asset manager with over $8 trillion in assets, officially filed with the US Securities and Exchange Commission (SEC) to establish a Bitcoin Spot ETF. This new fund will be called iSHARES BITCOIN TRUST. First-Ever Bitcoin Spot ETF Earlier news reported that the corporation was in the process of finalizing its application for a Bitcoin ETF (Bitcoin exchange-traded contract), according to a source familiar with the matter. Once approved, the Bitcoin ETF will be added to BlackRock’s wide range of financial services and products, paving the way for a potential surge in institutional adoption of digital assets. BlackRock, the influential financial powerhouse, is set to leverage Coinbase Custody, provided by Coinbase (COIN), as the trusted storage solution for its upcomin...

According to recent reports, crypto investors can withdraw funds from Voyager Digital as early as June 20. One year after shutting everything down under Chapter 11 bankruptcy, Voyager Digital is ready to reopen . According to Paul R. Hage, an administrator who oversaw Voyager’s bankruptcy proceedings, bankrupt cryptocurrency project Voyager Digital plans to reopen its application, allowing customers to withdraw their funds. Reopening Plan Paul highlighted that the app would be updated by June 15 to reflect the available withdrawal amounts and estimated timelines. The withdrawal period is scheduled from June 20 to July 5. The move comes after a court-approved plan was put into motion, aiming to give customers access to a portion of their funds. Under the court-approved plan, customers are expected to receive approximately 35.72% of their funds within 30 days of initiating a withdrawal request. The exact duration will vary based on different aspects, including withdrawal demands, se...

New York, New York, June 15th, 2023, Chainwire Parcl’s market expansion increases access to investors seeking exposure to real estate prices via Real World Asset (RWA) Indexes Parcl, the leading blockchain-powered real estate trading platform, announced today the launch of Austin, TX, to its ever-growing list of tradable city indexes. In addition to Austin, Parcl recently launched indexes for Boston, Atlanta, Philadelphia, Chicago, Seattle, Denver, Portland, and Washington, D.C., more than doubling its market pool for investors. Parcl makes investing in an entire city’s residential real estate market possible, unlocking access to high-demand markets like New York, Los Angeles, and Miami. Parcl merges real estate and DeFi to amplify access and portfolio diversification opportunities for traders around the world. Adding Austin, one of the fastest-growing housing markets in the U.S., solidifies Parcl’s commitment to providing a broad spectrum of high-potential markets to traders. T...

Dubai, United Arab Emirates, June 15th, 2023, Chainwire UAE to serve as strategic global and regional business hub, OKX to expand to 30 staff OKX , the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that OKX Middle East Fintech FZE (OKX Middle East) has received a Minimal Viable Product (MVP) Preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA). The UAE is a key strategic growth and business hub for OKX globally and in the region, and the company plans to scale OKX Middle East’s operations. As part of this effort, OKX has opened a new office in Dubai World Trade Center, and will seek to expand its number of Dubai staff to 30 with a focus on local hires and senior management. OKX also plans to extend its nine-figure brand partnerships to the UAE with customer and fan-focused activations and activities. The MVP preparatory licence allows approved licensees to fulfill all pre-conditions required to unde...

Binance Coin (BNB) is up by 2.7% following Binance CEO’s statement. Prominent cryptocurrency exchange Binance has become a rumor magnet after a recent report suggested that Binance had sold Bitcoin to boost Binance Coin’s price. The rumor has been widely spread on social media amid the tension between the U.S. Securities and Exchange Commission (SEC) and the crypto giant. Binance was hit hard by the SEC’s complaint filed on June 5, 2023. Consequently, Binance’s native coin (BNB) experienced a significant price drop, falling from over $300 to around $225. Binance Allegedly Manipulated BNB Price On June 14, 2023, BNB stabilized around $250. The slight surge fueled viral rumors that Binance sold bitcoins for USDT stablecoins, which were then used to purchase BNB. Some versions of the rumor claim that Binance later sold these acquired BNB tokens for BUSD stablecoins. In a swift response to the rumors, Binance CEO Changpeng Zhao firmly asserted that Binance didn’t sell any BTC or BNB...

New York City, New York, June 15th, 2023, Chainwire Panelists included OKX Chief Marketing Officer Haider Rafique, McLaren Racing Chief Executive Officer Zak Brown, McLaren F1 Driver Lando Norris and director, producer and screenwriter Stephen Kay From left to right: Director, producer, and screenwriter Stephen Kay; McLaren Racing CEO Zak Brown; Emmy-nominated filmmaker and Webby Awards Founder Tiffany Shlain; OKX CMO Haider Rafique; and McLaren F1 Driver Lando Norris discuss the power of technology in sports, film and crypto OKX , a leading Web3 technology company, yesterday hosted a panel discussion with McLaren Racing at the Tribeca Festival titled, “Need for Speed: How Technology Powers Change in Sports, Movies, and Crypto,” featuring OKX Chief Marketing Officer Haider Rafique, McLaren Racing Chief Executive Officer Zak Brown, McLaren F1 Driver Lando Norris, and director, producer and screenwriter Stephen Kay. The panel, moderated by Emmy-nominated filmmaker and Webby Awards...

A wave of quitting is sweeping the U.S. following the heightened scrutiny that targets major crypto exchanges. Multi-asset investment platform eToro announced on Monday that it would no longer support many cryptocurrencies, including Algorand (ALGO), Decentraland (MANA), Polygon (MATIC) và Dash (DASH) in the U.S. eToro Disables $ALGO, $MANA, 4MATIC and $DASH This move comes amid the ongoing crypto crackdown in the country. eToro will join other companies, specifically Robinhood, to disable some coins from its services. Robinhood previously announced its halting of Polygon (MATIC), Cardano (ADA), and Solana (SOL). The shutdown notice was sent to the platform’s customers through an email. Those cryptocurrencies, according to previous reports, are among several other cryptocurrencies that are classified as security by the U.S. Security and Exchange Commission (SEC). The halting is scheduled for July 12 but the holders of those coins are able to hold and sell them. Explaining its d...

Binance is expected to remove several spot trading pairs on Wednesday, one day after the CPI release. Binance users are being given special notices. Leading cryptocurrency platform Binance announced on June 12 the removal of several spot trading pairs from its platform, notably including 10 pairs associated with Binance Coin (BNB), the exchange’s native token. This move comes amid the ongoing legal battles between the U.S. Securities and Exchange Commission (SEC) and major crypto exchanges. Notice of New Removals According to the “Notice of Removal of Trading Pairs,” the removal process will be carried out in three timelines on June 14, 2023. The first, commencing at 3:00 a.m. (UTC), will include DASH/BNB and ILV/BNB. The second is scheduled for 6:00 a.m. (UTC) will see pairs like MC/BNB and MINA/BNB delisted. Finally, the third at 8:00 a.m. (UTC) will conclude the process by removing pairs like PEOPLE/BNB and ZEC/BNB. The list targets Binance Coin (BNB), Binance USD (BUSD), an...