Category: Bitcoin Wallet

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El Salvador’s ‘Volcano Bond’ Gets Regulatory Approval, Aims to Launch Early Next Year

El Salvador’s innovative Bitcoin (BTC) “Volcano Bonds” have received regulatory approval and are scheduled to be launched to the public in the first quarter of next year.

El Salvador’s National Bitcoin Office (ONBTC) says the country’s Digital Assets Commission (CNAD) approved the bonds after nearly two years of delays.

El Salvador’s pro-crypto president, Nayib Bukele, first announced in November 2021 that the Central American country would issue the bonds.

They were originally expected to launch in early 2022, but Bukele delayed them indefinitely when the BTC price fell.

The Bitcoin bonds, the first of their kind in the world, will be traded on Bitfinex Securities, according to ONBTC.

It’s not the only recent Bitcoin news for El Salvador: last week, the country launched a new “Freedom Visa Program” for high-net-worth individuals willing to shell out $1 million in BTC or USDT for a passport.

Bukele has long been a supporter of Bitcoin. El Salvador has more than $130 million in BTC, and the main crypto asset is recognized as legal tender in the country.

The president also says the country has “no intention of selling” its Bitcoin, despite BTC’s price surge this year.
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Bitcoin Bitcoin Wallet Cryptocurrency news

Kucoin Agrees to Ban New York Residents, Pay $22 Million in Settlement

New York Kucoin users will lose the ability to trade within 30 days and their accounts will be closed within 120 days.

Cryptocurrency exchange Kucoin has agreed to pay $22 million to the state of New York and ban state residents from using its platform, according to a stipulation and consent order filed with the New York Supreme Court on Dec. 12.

New York”.

Kucoin has agreed to terminate the accounts of all users residing in New York within 120 days and prevent New York residents from obtaining accounts in the future. Additionally, it will restrict access to withdrawals within 30 days only, leaving the remaining 90 days available for users to withdraw funds.
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Bitcoin Wallet Cryptocurrency news

Coinbase Announces SEAM Token Listing and Airdrop

Coinbase, a major player in the cryptocurrency exchange market, has taken an important step by listing SEAM, the governance token of the Seamless Protocol. This decision marks a new chapter in the exchange’s offerings, especially since SEAM is a Base-based token, a notable pivot in Coinbase’s strategy.

Seamless integration with Coinbase Prime Day listings

Coinbase has a reputation for its selective Prime Day listings, where tokens are available on the platform the same day as the generation event. Consequently, SEAM has joined this exclusive club alongside recent additions such as Big Time gaming token and Jito’s JTO token. This listing strategy emphasizes Coinbase’s commitment to offering its users new and promising digital assets.

Seamless Protocol operates as a decentralized lending and borrowing platform. Launched as a fork of Aave v3, an Ethereum-based protocol, it is built on Base, an Ethereum Layer 2 network incubated by Coinbase. Additionally, the project stands out for not raising funds through share sales or the SEAM token, highlighting its commitment to a fair launch approach.

SEAM Airdrop: a community-centric approach

The SEAM airdrop begins alongside the token listing. The total token supply is capped at 100 million, of which 69% is allocated to the community. This distribution strategy reinforces the community-centric spirit of the Protocol. However, users eligible for airdrop are early supporters who have participated in various community activities and missions.

Coinbase’s addition of SEAM is more than just a token listing, as it represents a broader shift in the platform’s approach to decentralized finance (DeFi). Additionally, as a native Base-based project, SEAM’s inclusion is a testament to the growing influence of DeFi platforms and their tokens in the broader crypto market.

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Bitcoin Bitcoin Wallet Cryptocurrency news

Coinbase Wallet Launches Global Money Transfers with Link-Based Payments

Coinbase has introduced a new feature to its wallet service, streamlining international fund transfers. This new update aims to make transferring funds as easy as sending a text message.

Coinbase Introduces Link-Based Money Transfer Service

Coinbase (Nasdaq: COIN) has launched its latest wallet feature that facilitates global fund transfers. The platform now allows users to transfer money through multiple channels, including widely used messaging and social media apps, by simply sharing a link.

Announced on Tuesday, Coinbase explained that this feature avoids the need for complex banking details and costly electronic transactions, offering free, immediate settlements. The update includes compatibility with various social networks and messaging applications such as Whatsapp, Instagram, Tiktok, Facebook, Telegram, Snapchat and also via email.

Basically, the service works on any platform capable of sharing a link. Coinbase clarified that if the recipient does not claim the funds within two weeks, it will automatically revert them back to the sender. Coinbase’s new payment method is similar to those offered by large payment companies such as Paypal and Stripe.

Paypal facilitates link-based transactions through a service called Paypal.me. In this service, people can generate a personalized link to request payments directly to their Paypal account. The Paypal feature can be used for cryptographic payments associated with the selected digital assets it supports.

Aimed at both novice and experienced users, Coinbase has also implemented a “simple mode” in its non-custodial wallet. This feature focuses on basic functionalities such as buying, sending, receiving, and protecting digital currencies.

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Bitcoin Wallet Cryptocurrency news

Coinbase launches crypto transfers via links sent on WhatsApp and Telegram

Recipients must download a Coinbase wallet to receive the funds, but the exchange says it has simplified the process for less tech-savvy users.

A new Coinbase Wallet feature allows the transfer of cryptocurrency through a link that can be sent through some of the most popular social media sites and messaging apps, as the cryptocurrency exchange looks to make its service accessible to a broader market.

“Users can now send money on any platform where they can share a link,” Coinbase said in December.

There is no payment fee when sending USD Coin (USDC), a US security.

   Send money anywhere you can send a link.

   Easily. Free.

   ⤷ https://t.co/CKyLu1wYEw pic.twitter.com/XX9YaZZEPm
   – Coinbase Wallet ️ (@CoinbaseWallet) December 5, 2023

Clicking the link will take the recipient to their device’s app store to download Coinbase Wallet, if they haven’t already, where they can create a wallet with a single click, Coinbase noted.

If funds are not claimed within two weeks, they will be returned to the sender.

Coinbase has also created a “simple mode” for its wallet to help new and less tech-savvy users, which only displays basic functions such as buying, sending, receiving, and viewing assets.
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