Bitcoin News and Finance: What You Need to Know

The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain. From Ethereum to Aptos Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain. It allows users to trade crypto assets and provide liquidity in return for rewards. Launched on August 28, 2020, The dex also has a native governance token called SUSHI. “By leveraging Aptos’s Move programming language, Sushi is initially introducing its v2 Automated Market Maker (AMM), with more integrations to come,” Sushi said in its announcement . The Sushi team believes the Aptos integration will unlock deeper cross-chain liquidity and elevate the trading experience across chains. Aptos is a new layer one (L1) blockchain focused on scalability and claims to provide reliability, security, and usability. Its Move programming language enables developers to build Web3 applications in a diff...

Coinbase Cloud and blockchain infrastructure company Kiln are now allowing ethereum ( ETH ) users to stake any amount of ether natively. The new offering removes the previous 32 ETH minimum staking requirement. Staking for All: Coinbase Cloud and Kiln Break Down Minimum Barriers With the integration of Kiln’s onchain staking platform, Coinbase Cloud and its clients can enable partial ETH staking. This allows wallet providers like Coinbase Wallet to give users the ability to earn staking rewards without needing to meet minimums. The press announcement notes that over 99 percent of ether wallets hold less than the 32 ETH previously required to stake on the network. “We are thrilled to have worked with Coinbase Cloud and to welcome them as the first (non-Kiln) node operator leveraging the Kiln Onchain Staking Platform,” said Kiln CEO Laszlo Szabo. The Kiln CEO added: This integration with Coinbase Cloud is unique because it allows them to enable other wallets and services, includ...

India’s economic affairs secretary says the Indian government will decide on the country’s crypto position “in the coming months.” He explained that the government will consider all the recommendations presented at the G20 summit regarding crypto regulation “very carefully and decide our own policies and thereafter take further action.” Officials Discuss Indian Crypto Regulation India’s Economic Affairs Secretary Ajay Seth talked about how the Indian government will proceed with establishing a crypto framework for India in an interview with CNBC-TV18 on Sunday. India recently hosted the G20 leaders’ summit where crypto regulation was among the key topics of discussion. At the conclusion of the summit, the G20 leaders endorsed high-level recommendations proposed by the Financial Stability Board (FSB) on the regulation of crypto assets and stablecoins. The G20 also welcomed various proposals by the International Monetary Fund (IMF) and other standard-setting bodies. Seth told the ...

Coinbase CEO Brian Armstrong has explained that crypto regulation in the U.S. will happen in one of a few ways. He noted that Coinbase is seeing more institutional investors coming in and signing up as they seek “ a flight to quality.” The executive added: “There’s a possibility we’ll just get a different SEC chair in 2024 or beyond.” Brian Armstrong on Crypto Regulation The CEO of cryptocurrency exchange Coinbase (Nasdaq: COIN), Brian Armstrong, discussed various topics, including crypto regulation and stablecoins, in an interview with Yahoo Finance on Friday. Responding to a question about the timing and nature of crypto regulation in the U.S., the Coinbase boss described: It’ll happen in one of a few ways. So, one way is the courts. The courts can be the one to provide the clarity regardless of the outcome of the case. Creating case law is a way to get there if the regulators aren’t going to provide it. “Another way to do it is through Congress. Congress is very engaged in t...

In the first week of September, an outflow of $59 million worth of digital assets managed by Digital Asset Funds was recorded, the latest Coinshares data has shown. The latest outflow means the value of digital asset investment products under management has dropped by a total of $294 million or 0.9% in the past four weeks. The Coinshares data shows bitcoin ( BTC ) as the digital asset which had the highest net outflow ($69 million) in the first week of September. Bitcoin Short Inflows the Largest Since March During the first week of September, digital asset investment products saw a net outflow of $59 million in assets under management (AUM), the latest data from the alternative asset manager Coinshare analysis has shown. According to the asset manager’s blog, the latest net outflow figure brings the value of total outflows in the past four weeks to $294 million, or 0.9% of total AUM. As explained in the blog , inflows were also seen in short investment products and this may be an...

Bitget marked its 5th anniversary today, reflecting on a relentless journey of progress. In an open letter, Managing Director Gracy Chen credits the team’s dedication and users’ support for achievements, and shares some insights. Below are some key takeaways from the open letter: – Marathon Runner’s Approach: Bitget prioritizes user-friendly, secure tools, focusing on long-term values and global expansion, serving over 20 million users from 100+ countries. – Comprehensive Trading Ecosystem: Bitget has evolved into a multifaceted ecosystem encompassing various aspects of the blockchain and cryptocurrency industry, including trading, investment, research, decentralized finance (DeFi), media, and more. This expansive ecosystem is supported by Bitget Wallet, Foresight Ventures, Foresight X, and Foresight News to offer users a holistic and diverse range of services and opportunities. – Commitment to the Next Generation: Bitget’s #Blockchain4Youth campaign and “Crypto Experience Day” i...

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador launches a pilot to add Bitcoin content to school curriculums, Bitso announces a partnership with Despegar in a cashout program, and Uruguay and Argentina revamp a bilateral local currency-based payment system. El Salvador Launches Pilot to Take Bitcoin Content to School Curriculums The Ministry of Education of El Salvador has partnered with Mi Primer Bitcoin (MPB), a nonprofit dedicated to educating Salvadorans about Bitcoin, to organize a pilot program to introduce Bitcoin courses into school curriculums. The pilot was announced this week when Mi Primer Bitcoin stated that the organization would teach 150 teachers of 75 public schools about Bitcoin. Then, these teachers will return to their schools to impart courses about the virtues and usage of the first cryptocurrency. John Dennehy, the founder of MPB, confirmed that if the pilot ...