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CoinWestern

@thecoinwestern

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Joined February 2023
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@thecoinwestern
CoinWestern
2 years
The #Japanese cabinet has proposed scrapping corporate tax on unrealized cryptocurrency gains, a move that aims to boost the development of the country's Web3 industry
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@thecoinwestern
CoinWestern
2 years
Tidal Investments and alternative investment manager 7RCC have filed a proposal with the US Securities and Exchange Commission (SEC) to launch a spot bitcoin exchange-traded fund (ETF) that would also hold carbon credit futures contracts.
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@thecoinwestern
CoinWestern
2 years
Blockchain gaming startup #Immutable has launched its Immutable Passport wallet and universal profile, aimed at simplifying access to online games and marketplaces for players.
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@thecoinwestern
CoinWestern
2 years
The gaming token #Portal is nearing its launch and is set to have an airdrop in January, according to an announcement on the project's official Twitter account. The airdrop will follow the conclusion of the Crystal Dash airdrop farming game, where users can convert their crystal
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@thecoinwestern
CoinWestern
2 years
The #FraxFinance community has voted to allocate $20 million of its stablecoin collateral into U.S. Treasuries. Frax is utilizing Centrifuge Prime, a service that enables decentralized autonomous organizations (DAOs) to invest in real-world assets (RWAs).
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@thecoinwestern
CoinWestern
2 years
A trader has reportedly turned a $450 investment into over $2 million by betting on the #Avalanche meme coin Coq Inu. The token, which was issued on December 8, has seen a surge in value, reaching a $230 million market capitalization.
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@thecoinwestern
CoinWestern
2 years
According to analysts at on-chain analysis firm #CryptoQuant, Bitcoin could reach as high as $160,000 in 2024 due to a combination of factors. These factors include expected demand for Bitcoin from spot exchange-traded funds (ETFs) in the U.S., the upcoming halving event in April
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@thecoinwestern
CoinWestern
2 years
Inscriptions are dominating transaction volume on Ethereum Virtual Machine (EVM)-compatible chains, accounting for more than half of weekly transactions on several leading networks.
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@thecoinwestern
CoinWestern
2 years
Investors are showing confidence in the NFT market as they fund various NFT startups. #LINENEXT, the Web3 arm of Japanese messaging app LINE, raised $140 million to integrate a mobile-enabled NFT platform called DOSI with LINE's existing NFT marketplace. #Metagood secured $5
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@thecoinwestern
CoinWestern
2 years
The #Solana Saga phone, which comes with a free 30 million Bonk (BONK) token airdrop, has sold out on its official website due to a recent frenzy for the memecoin.
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@thecoinwestern
CoinWestern
2 years
#Bitcoin and other major digital assets have experienced a decline in price, with Bitcoin opening the trading week in Asia down 1.6% and trading above $41,000. Ether
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@thecoinwestern
CoinWestern
2 years
#Bitcoin (BTC) is facing pressure as the yearly close approaches, with sell-offs from whales causing nervousness among traders. The latest weekly close did little to ease concerns as BTC price activity remains stagnant. The countdown to the yearly candle conclusion is on, and
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@thecoinwestern
CoinWestern
2 years
Several spot #Bitcoin ETF issuers, including Invesco, @Bitwise, @Valkyrie, and @Grayscale, have amended their filings to support in-cash redemptions of ETF shares, bowing to the demands of the U.S. Securities and Exchange Commission (SEC).
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@thecoinwestern
CoinWestern
2 years
#Ripple has released a white paper on #central bank digital currencies (CBDCs), reaffirming its belief in their potential. The 23-page document outlines the benefits of CBDCs, including expanding financial inclusion, streamlining cross-border payments, and reinforcing monetary
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@thecoinwestern
CoinWestern
2 years
According to a survey conducted by crypto firm #Paxos, 99% of financial services companies in the United States are putting equal or greater focus on crypto and blockchain projects compared to previous years.
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@thecoinwestern
CoinWestern
2 years
The U.S. Commodity Futures Trading Commission (CFTC) is proposing a rule inspired by the collapse of FTX last year to protect customers' money. The rule would require derivatives clearing organizations (DCOs) to keep customer funds separate from their own funds.
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@thecoinwestern
CoinWestern
2 years
#Bitcoin has rebounded over $43,000, leading to a surge in altcoins and crypto stocks. The Federal Reserve's projection of interest rate cuts for next year has contributed to the rally.
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@thecoinwestern
CoinWestern
2 years
A federal judge has taken steps to expedite the recovery process for FTX customers who lost funds in the exchange's bankruptcy case. The judge scheduled a hearing for early next year to calculate FTX's debt to the IRS, which is the largest creditor in the case.
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@thecoinwestern
CoinWestern
2 years
The U.S. Securities and Exchange Commission (SEC) is insisting that #Bitcoin exchange-traded fund (ETF) issuers adopt a "cash" redemption model, rather than alternative models proposed by some issuers, such as BlackRock
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@thecoinwestern
CoinWestern
2 years
The Solana-based meme coin BONK experienced a 40% surge in price within 24 hours after Coinbase announced its listing on the platform. This makes BONK the third-largest meme coin, following dogecoin and shiba inu, to be offered on Coinbase.
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