Finance world news

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Coinbase will close its Borrow loan programme in November 2023

Coinbase will close its Borrow loan programme in November 2023

Cryptocurrency exchange Coinbase plans to fully close its bitcoin-backed lending programme by the end of November 2023. Participants in the programme are asked to close all obligations early. Coinbase's decision only affects retail customers.

The UK has abandoned a plan to equate cryptocurrency with gambling

The UK has abandoned a plan to equate cryptocurrency with gambling

The UK government has rejected a proposal by the House of Commons Treasury Committee to regulate cryptocurrency as gambling. The Treasury explained that the system of legal measures applicable to gambling would not eliminate the risks of the cryptocurrency segment.

Polychain Capital has raised $200 million in funding for its fourth fund

Polychain Capital has raised $200 million in funding for its fourth fund

Polychain Capital has raised $200 million in funding during the "first close" of its fourth fund, which will focus on the bear market. However, the firm plans to raise approximately $400m for its initiative.

Google Cloud announced a partnership with Solana

Google Cloud announced a partnership with Solana

Google Cloud and Solana have partnered to increase network performance and efficiency.

Indonesian authorities will launch a national crypto exchange

Indonesian authorities will launch a national crypto exchange

The platform is expected to go live in July, but the launch has been postponed at least twice. The chairman of the regulator has already stated that the exchange will have a KYC and transactions will be limited to the local market.

Google has allowed NFTs in Play Store-based apps

Google has allowed NFTs in Play Store-based apps

Google has published a list of changes to the Play Store that now allow the sale, purchase and earning of NFT assets. "We require apps to be transparent to users about tokenised digital assets," the company stressed.

Cboe has entered into an agreement with Coinbase

Cboe has entered into an agreement with Coinbase

Cboe Global Markets has amended five spot bitcoin-ETF filings. They indicate that the counterparty has entered into an SSA agreement with the Coinbase platform. The SSA is expected to improve the chances of the applications being approved by the US Securities and Exchange Commission.

ChatGPT can now send payments in bitcoins

ChatGPT can now send payments in bitcoins

Lightning Labs has introduced a set of developer tools that enable AI like GPT to conduct bitcoin transactions on the Lightning Network. The new capability provides additional benefits and expands the scope of AI applications, including ChatGPT.

DeFi protocol Arcadia Finance has been hacked for $455k

DeFi protocol Arcadia Finance has been hacked for $455k

PeckShield, on Twitter, reported an exploit of the Arcadia Finance protocol. $455k worth of darcWETH and darcUSDC were taken out of the vault. About 180 stolen ETH were transferred to Tornado Cash, while 103 ETH remained on the wallet.

Robert F. Kennedy, Jr. acquired Bitcoin

Robert F. Kennedy, Jr. acquired Bitcoin

In a recent interview, Robert F. Kennedy, Jr. spoke about his first Bitcoin acquisition. "Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way to a future where public institutions are more transparent and democratic.", says Kennedy Jr.