Kategorie: Crypto Markets

• The EU’s MiCA was introduced in June, but won’t take effect until December
• Coinbase will deliver an update to its EU customers in November on how to switch their stablecoins to EU-compliant ones
• Circle was the first stablecoin issuer to receive an e-money license under MiCA regulations

Crypto exchange Coinbase is to delist stablecoins that fail to meet the EU’s Markets in Crypto-Assets (MiCA) regulation by December 30.

The move, targeting customers in the European Economic Area (EEA), is part of the EU’s efforts to implement tighter controls on crypto assets. The EU’s crypto regulatory framework, known as MiCA, was introduced in June; however, it will take effect in December.

Under the new regulation, the EU requires stablecoin issuers to hold e-money authorization in at least one EU member state. The framework aims to protect European investors from fraud and risks while boosting innovation and economic competitiveness.

In a report from Bloomberg, a Coinbase spokesperson said:

“Given our commitment to compliance, we intend to restrict the provision of services to EEA users in connection with stablecoins that do not meet the MiCA requirements by December 30, 2024.”

Coinbase is expected to provide an update in November to its EU customers, giving them options to convert their stablecoins to EU-compliant stablecoins such as Circle’s USDC and Euro Coin (EURC).

In July, Circle, a crypto payments company, became the first stablecoin issuer to obtain an e-money license under the EU’s MiCA regulations.

Coinbase isn’t the only crypto exchange that’s taking steps to meet the EU’s requirements. Other platforms, including Bitstamp, OKX, and Uphold are already moving to limit access to stablecoins that fail to meet MiCA regulations, including Tether’s USDT.

In June, Bitstamp announced it was removing USDT to comply with MiCA.

The post Coinbase to delist non-compliant EU stablecoins under new MiCA regulations appeared first on CoinJournal.

Dogizen, the tap-to-earn game that’s attracting huge attention from the gaming community, has launched its highly anticipated presale.

The world’s first Telegram ICO, which brings the DOGIZ token to the over 950 million Telegram users, went live today, October 4, 2024 at 8am UTC.

Dogizen’s presale has attracted over $110k in under two hours, with DOGIZ priced at $0.00007 in the first stage.

Dogizen’s ICO: A new era for Telegram gaming

The global crypto community is growing at a breathtaking speed. However, the number of people who own crypto currently stands around 550 million.

In comparison, Telegram has more than 950 million users and the global mobile gaming community will be 1.9 billion players by 2027. Elsewhere, the T2E market cap is roughly $1.2 billion today while crypto gaming is just over $9 billion. All of these segments are forecast to experience significant growth.

Putting these numbers together suggests that Dogizen’s entry into the Telegram tap-to-earn market puts its right at the center of a potentially explosive ecosystem.

Dogizen makes it easy for ordinary users to join this nascent industry via its game. Now, with this first ICO within Telegram, Dogizen is tapping into a segment that could see it challenge and possibly outpace Hamster Kombat and Catizen among other TON-powered Telegram games.

DOGIZ is designed to add to the project’s long term success by moving Dogizen beyond the hype and speculation into a world of real utility. As well as its use in the rewards and airdrops, DOGIZ will play a big role in the Dogizen Universe.

The Dogizen Universe

Dogizen Universe is a platform that will offer several key features designed to empower both developers and creators as well as rewards for users.

Within the Dogizen Universe, a Developer SDK will allow for the creation and launch of gaming apps, with monetisation helping catalyze further growth.

A Launchpad and an arcade offering a central hub for everything Telegram gaming. Meanwhile, the ecosystem will benefit from a revenue-sharing opportunity from in-game ads and partnerships.

The Dogizen Universe, as the project’s whitepaper indicates, therefore envisions a whole economic ecosystem. Devs will be able to create and earn as gamers scoop in-game rewards while DOGIZ holders will benefit from the revenue-share model.

The DOGIZ presale is the first phase of this growth and innovation and early adopters will play a big role in bringing it to reality. But it also means an early entry for ICO participants as the tap-to-earn becomes one of crypto’s big plays.

Notably, all major TON blockchain tokens on Telegram have listed on Binance, the world’s largest cryptocurrency exchange. This includes Notcoin, Hamster Kombat, and Catizen – the top 3 T2E projects by market cap. Dogizen, with 1.3 million players and growing, could be the next to list on the exchange.

Learn more about Dogizen here.

The post First Telegram ICO Dogizen goes live, quickly hits $100k appeared first on CoinJournal.

• CleanSpark also increased its hashrate by 187% between September 30, 2023 and September, 30, 2024.
• Expansion and acquisitions are crucial for the organic growth.

Bitcoin miner CleanSpark mined a total of 493 BTC in September, according to details in an unaudited update published on Oct. 4.

This brought the company’s total bitcoin mined year-to-end of September to 5,079.

Moreover, total BTC mined in FY2024 rose to 7,098. With these figures, the total Bitcoin treasury holdings rose to 8,049 as of Sept. 30. While the increase marked a 258% spike over the past year as of the end of Sept., CleanSpark noted it sold 2.5 BTC during the month.

Another year, another proven track record. 🏎️🛣️🏁$CLSK finished FY2024 with over 8,000 #bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites. These are increases of 258%, 187% and 132% from FY2023 respectively.

Despite… pic.twitter.com/alcSQ6BIFw

— CleanSpark Inc. (@CleanSpark_Inc) October 3, 2024

Hashrate jumped to 27.6 EH/s

CleanSpark, a publicly-traded miner whose share price also rose significantly in the past year, also announced a surge in its hashrate.

As of September 30, 2024, CleanSpark’s hashrate stood at 27.6 EH/s – up from 9.6 EH/s and indicating a one year increase of 187%. The company added 5 EH/s to its capacity in September.

In a comment, CleanSpark CEO Zach Bradford said:

“During the past year, we grew our hashrate from 9.6 EH/s to 27.6 EH/s, or 187%, with 5 EH/s coming online just during the month of September. The Company executed its plan to strategically diversify its portfolio across three new states and completed multiple expansions at existing data centers.”

What helped CleanSpark to grow its hashrate?

Growth was down to CleanSpark getting through the pre-halving and post-halving period and the closure of multiple acquisitions. It includes the GRIID Infrastructure deal and expansion to new sites in the US.

With the expansion efforts, and emerging from Hurricane Helene relatively unscathed means further hashrate growth. According to Bradford, CleanSpark could hit 30 EH/s by the end of October 2024 and forecast 50 EH/s in 2025.

The Bitcoin miner released its unaudited update as BTC price struggled amid negative sentiment around geopolitical chaos in the Middle East. At the time of writing, the flagship cryptocurrency traded around $60,663, down 1.5% in the past 24 hours and -7.3% over the past week.

CLSK, on the other hand, changed hands at $8.58, about 2.5% down on the day. The crypto stock was down 17.7% in the past five days.

The post CleanSpark mined 493 Bitcoin in September appeared first on CoinJournal.

• Visa plans to help banks explore blockchain technology and smart contracts with fiat-backed tokens.
• The digital payments giant has unveiled a tokenization platform for this – called Visa Tokenized Asset Platform (VTAP).
• BBVA plans to launch its own stablecoin in partnership with Visa in 2025.

Visa has launched a new service aimed at helping financial institutions with the issuance and management of fiat-backed tokens.

The company announced its blockchain project dubbed Visa Tokenized Asset Platform (VTAP) on Oct. 3, and will allow partners to create and trial various tokenized assets.

VTAP offers a B2B solution which banks can leverage to integrate blockchain technology to bring fiat currencies on-chain. The venture will allow for the creation of stablecoins and other fiat-backed tokens.

“Visa has been at the forefront of digital payments for nearly sixty years, and with the introduction of VTAP, we are once again setting the pace for the industry,” Vanessa Colella, global head of innovation and digital partnerships at Visa, said in a statement.

BBVA to launch Visa-backed stablecoin

According to Visa, banking giant BBVA is set to tap into VTAP for its stablecoin project expected to launch in 2025.

BBVA has explored the VTAP sandbox throughout 2024, testing core functionalities ahead of a live pilot of its stablecoin in 2025. The launch will be on the Ethereum network.

“This collaboration marks a significant milestone in our exploration of the potential of blockchain technology and will ultimately help enable us to broaden our banking services and expand the market with new financial solutions,” said Francisco Maroto, head of blockchain and digital assets at BBVA.

With VTAP, banks can leverage stablecoins within smart contracts, allowing for the digitization and automation of workflows. This will also help power adoption of real-world assets, with banks for instance using the technology to manage complex lines of credit or smart contracts-enabled payments.

Bank customers can also utilize fiat-backed tokens to buy tokenized commodities or treasuries.

Such products include the Franklin Templeton fund FOBXX, which the asset manager just expanded to Aptos.

The post Visa unveils tokenized digital asset platform appeared first on CoinJournal.

• Crypto.com achieved PCI DSS v4.0 certification on October 3, 2024.
• This certification enhances flexibility in addressing evolving security threats.
• Crypto.com remains committed to privacy, security, and compliance leadership.

Crypto.com has marked a significant milestone by becoming one of the first cryptocurrency platforms to achieve the Payment Card Industry Data Security Standard (PCI DSS) v4.0 certification according to an announcement made on October 3, 2024.

This certification is a testament to the company’s commitment to upholding the highest security and data privacy standards.

The upgrade to PCI DSS v4.0, which retains the core 12 security requirements while integrating new technologies and enhanced validation methods, reflects the evolving demands of the payment industry. It introduces greater flexibility and adaptability in addressing security threats.

Though the industry deadline for v4.0 certification is March 2025, Crypto.com’s early compliance demonstrates its proactive approach to security.

Jason Lau, Chief Information Security Officer at Crypto.com, emphasized that this achievement reinforces the company’s dedication to building trust with its customers. “Achieving PCI DSS v4.0 certification further solidifies Crypto.com’s unwavering commitment to security and data privacy by design,” Lau stated.

The company’s CEO, Kris Marszalek, echoed these sentiments, expressing pride in the certification as part of Crypto.com’s larger mission to maintain the highest standards of security, privacy, and compliance. “We will continue investing aggressively in building the most trusted platform for our users,” he added.

Crypto.com has previously attained multiple certifications, including SOC2 Type 2, ISO 27017, ISO 27018, ISO 27701, and ISO 22301. By continually achieving stringent regulatory standards, the platform strengthens its reputation as a leader in security within the cryptocurrency sector.

Founded in 2016, Crypto.com serves over 100 million customers globally and remains dedicated to driving cryptocurrency adoption through innovation and a firm focus on user trust and security.

The post Crypto.com achieves PCI DSS v4.0 certification appeared first on CoinJournal.