DeFi platform Oasis.app has been rebranded to Summer.fi
Oasis.app is a DeFi platform that allows users to borrow, multiply, and earn on the assets they hold across multiple protocols. It has recently been rebranded to **Summer.fi**. The rebranding ushers in a new era for the team at Oasis.app, reflecting their growth from a frontend platform to a comprehensive multi-protocol DeFi ecosystem, offering access to a diverse range of products.
Summer.fi has launched a new user experience (UX), new products, and added support for more protocols. The name Summer.fi was chosen by the team to embody simplicity, vitality, and a friendly atmosphere. It epitomizes their core values, centered around providing users with a trusted and hassle-free entry point to deploy their capital in DeFi, regardless of market conditions.
BitGo’s pending acquisitions are on hold after scrapping Prime Trust purchase
BitGo is a cryptocurrency custodian that recently abandoned its proposed acquisition of Prime Trust. Following this decision, BitGo CEO Mike Belshe revealed that the company has several other investments in the works. In an interview with First Mover, Belshe stated: “We have pending acquisitions that I’m unable to announce at the moment, but I foresee consolidation taking place in this space over the next six months”.
The termination of BitGo’s acquisition of Prime Trust on June 22 raised speculations about the target company’s financial troubles. This decision comes after reaching a preliminary agreement earlier this month.
Nodeless, a non-KYC Bitcoin Lightning Processor, was tweeted about by Jack Dorsey
Nodeless is a non-KYC Bitcoin Lightning Processor that was recently tweeted about by Jack Dorsey. The platform makes it possible for merchants to accept Bitcoin Lightning payments without Know-Your-Customer requirements. In short, merchants can add the tool to their website to accept Bitcoin payments more easily, specifically over the Lightning Network, which offers cheaper and faster payments over Bitcoin.
Nodeless is “nodeless” in the sense that a merchant accepting payments doesn’t have to run their own Lightning node. Instead of a user running their own node, Nodeless’s node is the one passing on the payment. When a payment is sent to the merchant, it’s sent to Nodeless. Nodeless then immediately sends the payment to the merchant’s on-chain or Lightning address.
Binance is targeting the United Arab Emirates as a primary focus for its future operations
Binance, the world’s largest digital currency exchange, has shifted its primary focus to the United Arab Emirates (UAE) due to its crypto-friendly environment. Alex Chehade, the general manager of Binance Dubai, revealed in an interview with Cointelegraph that the UAE is a prime destination for crypto businesses seeking a clear path forward and noted its friendly stance toward digital assets.
Chehade stated that Binance identified that the senior leadership of the UAE wanted to establish the region as a focal point for Web3. They are trying to diversify away from fossil fuels and see crypto as a great driver for doing so. Ultimately, the clear crypto regulations in the UAE make the region attractive to exchanges like Binance, which is currently wrestling with legal disputes from regulators in the U.S., including the Securities and Exchange Commission, and the Commodities Futures Trading Commission.
WisdomTree exec says data sharing agreements are a “key part” of Bitcoin ETF applications
Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, commented on cryptocurrency spot exchange-traded funds (ETFs) on June 26. During a CNBC interview, Schwartz said: “One of the things that recent [spot Bitcoin ETF] filings have in common … is that they are trying to have data sharing surveillance agreements between exchanges to help make the SEC comfortable with [the question of] price manipulation”.
The U.S. Securities and Exchange Commission (SEC) has rejected all spot cryptocurrency ETFs to date. However, the agency approved crypto futures ETFs starting in late 2021 beginning with ProShares’ offering, which went live on Oct. 19 that year.
The U.S. Securities and Exchange Commission (SEC) has rejected all spot cryptocurrency ETFs to date. However, the agency approved crypto futures ETFs starting in late 2021 beginning with ProShares’ offering, which went live on Oct. 19 that year.
The SEC has denied over a dozen bitcoin spot ETFs in the past year alone while approving several bitcoin future-based ETFs. Spot bitcoin ETFs trade based on the price of bitcoin itself, while futures-based ETFs trade based on the price of CME’s bitcoin futures product, which in turn is tied to an index.
Bitcoin has 4 days to reclaim $32,000 before the first half of 2023 in crypto comes to a close
There are about four days left to go before the first half of 2023 in crypto comes to a close, and with it the 6M Bitcoin candle. The high timeframe BTCUSD chart is close to forming a potential bullish reversal pattern, but is currently falling short of surpassing the trigger point.
XRP sellers may be back in the game after price rejection at a bearish order block sunk the cryptocurrency’s price
A good chunk of XRP’s bullish gains were erased, as price rejection at a bearish order block sunk the cryptocurrency’s price. Price rejection at the bearish order block halved week-long gains. Market sentiment inclined to sellers with 52.2% shorts advantage over longs.
