Im Rahmen einer Einigung mit der SEC hat sich eToro nicht nur zu einer Strafzahlung in Höhe von 1,5 Mio. US-Dollar bereit erklärt, sondern auch zur Einschränkung des Handels mit Kryptowährungen im US-Markt.
Binance-backed Solv Protocol introduces Bitcoin staking on Base with cbBTC token
- Solv Protocol has launched Bitcoin staking for cbBTC holders on the Base network.
- cbBTC holders on the Solv protocol can mint SolvBTC and convert it to SolvBTC.BBN for Bitcoin staking yield.
- cbBTC, backed 1:1 by Coinbase’s BTC holdings, is live on Ethereum and Base for DeFi integration.
Solv Protocol, supported by Binance Labs, has unveiled its latest innovation in the cryptocurrency space: Bitcoin staking for holders of the newly launched wrapped Bitcoin token, cbBTC, on the Base network.
Solv Protocol x @base
Solv Protocol is excited to enhance cbBTC’s utility on Base! With this integration, Bitcoin holders can now easily access new opportunities in Base’s growing DeFi world. This is a big step forward, adding even more possibilities for Base as Bitcoin joins… https://t.co/KnZT3lZdiB pic.twitter.com/vYJVmcKszk
— Solv Protocol (@SolvProtocol) September 12, 2024
Coinbase’s cbBTC token allows Bitcoin holders to convert their assets into this new wrapped token, similar to previous efforts with Wrapped Bitcoin (WBTC).
The conversion process involves transferring Bitcoin from user accounts to either Base or Ethereum addresses, where it is transformed into cbBTC. This token can then be utilized across various DeFi protocols, including MakerDAO, Aave, and Compound as we had detailed in our earlier news coverage.
Earning Bitcoin staking yields on Solv Protocol with cbBTC
Solv Protocol is capitalizing on the newly launched Coinbase cbBTC token, which is backed 1:1 by BTC holdings on Coinbase and is now available on both Ethereum and the Base layer 2 chain to offer Bitcoin staking through the cbBTC token on the Base network.
Solv Protocol enables cbBTC holders to mint SolvBTC, a token designed to enhance participation in decentralized finance opportunities. The users can then convert SolvBTC into SolvBTC.BBN, a liquid staking token that provides additional Bitcoin staking yields.
Solv Protocol’s latest offering adds to the growing array of platforms providing liquid staking or restaking opportunities for Bitcoin, alongside other services like Lombard Finance, Swell, and AcreBTC.
The post Binance-backed Solv Protocol introduces Bitcoin staking on Base with cbBTC token appeared first on CoinJournal.
Could this under $0.05 RWA token beat Cardano, Toncoin to reach top 10 cryptos by 2025?
- Several crypto industry insiders are predicting that the RXS token for the viral real-world asset project, Rexas Finance, could beat major altcoins such as Cardano (ADA) and Toncoin (TON) in the near future.
- Some projections suggest the Rexas Finance (RXS) project could reach the top 10 cryptos by 2025.
Rexas Finance presale sparks major interest, raises over $400,000 in just four days
Rexus Finance has emerged as a key player in the real-world asset sector, offering the potential to unlock trillions of dollars in assets worldwide. Through tokenization, Rexus Finance aims to bring major growth industries like real estate, gold, and commodities into the blockchain space, creating new opportunities for digital asset ownership.
The presale for Rexus Finance’s token (RXS) launched on September 8, 2024, and has already attracted substantial interest from early investors, raising over $400,000 in less than four days.
Some analysts are projecting the potential for 6x returns for those investing in the presale, with long-term forecasts from several industry insiders holding out the possibility of 100x growth based on the platform’s utility and market potential.
With the token currently priced at less than $0.05, and a number of insiders indicating that the Rexus Finance ecosystem positions the project to outperform major altcoins like Cardano (ADA) and Toncoin (TON) in the near future, it represents an exciting opportunity for early investors.
Key Features of Rexus Finance (RXS)
Rexus Finance (RXS) offers a range of innovative features that are expected to drive the project’s growth in the coming years:
Rexus Token Builder: This tool allows users to easily tokenize their assets, eliminating the complexities typically associated with blockchain coding. With Rexus Token Builder, users can create and launch tokens in just minutes, streamlining the process for those entering the blockchain space.
Rexus Launchpad: The decentralized Rexus Launchpad offers a secure and transparent ecosystem for token sales across multiple blockchain networks. Users can start fundraising for their tokens, making it a crucial feature for early-stage projects.
Rexus Estate: Rexus Finance opens up the real estate market to crypto users, allowing them to invest in physical properties and earn passive income in stablecoins. This platform offers a seamless way for global investors to participate in the real-world real estate market through blockchain.
Other Utilities:
- Rexus GenAI: A platform designed for artists and creators to produce unique and high-quality digital artworks, particularly those venturing into the NFT industry.
- Rexus DeFi: A decentralized finance platform that simplifies crypto trading by enabling users to effortlessly swap assets across various networks.
Rexus Treasury: This multi-chain yield optimizer allows users to earn compound interest on their crypto investments, enhancing the potential for long-term growth.
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eToro settles with SEC, to cease most crypto trading activity
- eToro has agreed to cease most of its crypto trading activities after settling with the SEC.
- the company will pay a fine of $1.5 million and delist all coins except Bitcoin, Ethereum and Bitcoin Cash.
eToro will end most of its crypto trading activities following the company’s settlement with the US Securities and Exchange Commission.
A SEC press release on Sept. 11 said that eToro USA had agreed to a settlement with the regulator over charges of operating an unregistered broker and clearing agency. The trading platform will pay $1.5 million in settlement and will “cease and desist” from any further violations of federal laws related to the offering of unregistered securities.
eToro will now only offer a limited set of cryptocurrencies on its platform, the SEC wrote in the announcement.
“By removing tokens offered as investment contracts from its platform, eToro has chosen to come into compliance and operate within our established regulatory framework. This resolution not only enhances investor protection, but also offers a pathway for other crypto intermediaries,” Gurbir S. Grewal, director of Division of Enforcement at SEC, said.
eToro to list only three crypto assets
The SEC settlement has seen eToro announce changes to its crypto offerings. As part of the agreement, the platform will only offer US customers access to Bitcoin, Ethereum and Bitcoin Cash.
“From September 11, 2024 eToro users based in the United States are only able to open (buy) new crypto positions in BTC, BCH, and ETH. It is not possible to open new positions in any other cryptoassets,” eToro said in its announcement.
US customers holding other crypto assets on eToro will have 180 days from the SEC’s order date to withdraw their assets to the eToro wallet. This will be open until March 11, 2025.
eToro will, within a week of the end of this timeline, liquidate any cryptocurrencies not transferred and return the proceeds to customers. The key date users might want to note is March 18, 2025.
The post eToro settles with SEC, to cease most crypto trading activity appeared first on CoinJournal.
Krypto-Wettquoten für einen Sieg von Trump nach Debatte mit Harris eingebrochen
Kamala Harris und Donald Trump haben sich in ihrer ersten Debatte zwar nicht zu Kryptowährungen geäußert, dennoch hatte das „Kanzlerduell“ auswirken auf Krypto.