Chain News by Thebittimes.Com

SG-FORGE, the crypto currency unit of the French multinational financial giant, Société Générale Group, has become the first institution to receive a crypto currency regulatory license in France, enabling the company to operate as a regulated digital asset service provider (DASP) in the country.  According to an updated list from the website of France’s financial markets watchdog, Autorité des Marchés Financiers (AMF) Societe Generale-Forge was listed as the only licensed DASP. The subsidiary received regulatory approval from the AMF on July 18, following a previous DASP registration in September 2022.  With the license , SG-FORGE would be able to offer trading and custody of digital assets, as well as buying and selling of crypto for legal tender. You might also like: Societe Generale French Bank Introduces a Digital Asset Service for Asset Managers According to a press release, the crypto currency unit stated that the DASP license by “a major EU ...

Join Our Telegram channel to stay up to date on breaking news coverage Venture capital firms Polychain Capital and CoinFund raised $350 million for crypto start-ups even as overall funding for the industry remains in a slump. CoinFund, a crypto-native investment fund, tweeted that it had raised seed funding of $158 million, while Forbes reported that Polychain Capital raised $200 million for its fourth investment fund. July is CoinFund’s 8th anniversary, celebrating the journey of @jbrukh @flexthought and team from kitchen table to cap table. We’re thrilled to bolster this milestone with the announcement that CoinFund has closed its $158M Seed IV Fund to back the leaders of the new internet 🧵 pic.twitter.com/6kwBFuIHiy — CoinFund (@coinfund_io) July 18, 2023 Polychain Capital Invested in Uniswap Polychain, which has invested in firms including Uniswap and Yellow Card, has plans to raise a further $200 million for its fourth fund. Founded in 2...

Vitalik Buterin explained how an account abstraction extension called “paymasters” can allow users to pay for gas fees using “whatever coins that they are transferring.” While account abstraction in Ethereum is perceived to be a catalyst that could onboard a billion users, Ethereum co-founder Vitalik Buterin shared some challenges in implementing the new feature on the blockchain.  Buterin, speaking on July 18 at the Ethereum Community Conference (EthCC) event in Paris, explained some of the key innovations that modern account abstracting brings and the current hurdles that the community is facing when it comes to the concept. Vitalik Buterin at the EthCC event held in Paris. Source: EthCC At the moment, when Ethereum users are transferring ERC-20 tokens, they are required to hold Ether (ETH) to pay for the transaction fees within the network. According to Buterin, account abstraction extensions , generally called “paymasters,” can allow users to pay their fees with “whatever coins ...

Up 15% over the last week, UNI is trading slightly above $6 with $219 million in trading volume rushing in. Uniswap is the world’s 19th largest cryptocurrency boasting $4.6 billion in market capitalization. advertisement Will the Inverse Head-And-Shoulders Pattern Propel Uniswap to $7.5? Uniswap has since mid-June sustained an impressive uptrend from monthly lows of $3.6 to July highs of $6.148. The trend reversal completed the formation of an inverse head-and-shoulders when bulls confirmed support at $4.8, calling for more exposure to UNI longs ahead of an expected breakout above the pattern’s neckline resistance at $5.73. An inverse H&S pattern is a bullish signal that shows the Uniswap market is about to switch from a downtrend to an uptrend. The pattern appears on the chart like a person’s head and shoulders flipped upside down. The head represents the lowest point and the shoulders are higher. The neckline is the resistance level tha...

A crypto Twitter user tweeted today that the past 490 days have been BTC’s worst performance period. At press time, the market leader was trading at $30,271.22 following a 0.06% drop. Technicals suggested that BTC may drop below the crucial $30K mark in the coming few days. A crypto enthusiast who goes by the name Austin shared on Twitter this morning that the past 490 days have been Bitcoin’s (BTC) worst performance period ever. Furthermore, technical indicators on the market leader’s daily chart suggested that the crypto may continue to underperform in the coming week. If you are reading this, You just survived #bitcoin worst performance period ever. pic.twitter.com/QKWSKUOR2H — A u s t i n | Open Source Fitness (@_AustinHerbert) July 16, 2023 At press time, CoinMarketCap indicated that BTC saw its price drop by about 0.06% over the past 24 hours of trading, which left the market leader trading hands at $30,271.22. As a result, BTC was trading sl...

Jul 16, 2023 at 08:33 // Price Author Coin Idol Coinidol.com reports that the price of the Shiba Inu (SHIB) coin has remained almost unchanged since the price plunged on June 10. Shiba Inu (SHIB) Price Long Term Prediction: Ranging For the previous month, the SHIB created a range bound move between price levels of $0.00000650 and $0.00000800. The range bound values have not been reached yet. Buyers are currently trying to keep the price above the threshold of $0.00000800. The moving average lines have already been crossed by the cryptocurrency price. I...

BREAKING – The SEC officially acknowledges BlackRock's spot #Bitcoin ETF application 👀 pic.twitter.com/BDM9mpi5xv advertisement — Bitcoin Magazine (@BitcoinMagazine) July 14, 2023 The SEC ’s acknowledgment signifies that the regulatory agency has started its formal review of BlackRock’s ETF proposal. While this is only the first step in a lengthy regulatory process, it is a significant milestone for the Bitcoin community. The SEC ’s acknowledgment shows a readiness to engage with the concept of a Bitcoin ETF and analyze its possible market impact. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read ...