Coinbase Pay, the easiest way to purchase or transfer crypto, is now available for web3 developers | by Coinbase | May, 2022

Tl;dr: Coinbase enables web3 developers to integrate Coinbase Pay into their dapps, and MetaMask will be the first external wallet integration. By Prakash Hariramani, Senior Director, Product Management, and Bipul Sinha, Senior Product Manager We launched Coinbase Pay to make it easier to fund your Coinbase Wallet, and now we’re expanding this ease to the broader crypto ecosystem by enabling web3 developers and businesses to integrate Coinbase Pay. MetaMask will be the first external wallet integration of Coinbase Pay. Coinbase Pay is the powerful new way to purchase or transfer…

Ether Futures Lead $1.2B in Liquidations, Crypto Market Cap Drops 16% Overnight

Losses exceeded $1.2 billion in the past 24 hours, the highest so far this year. They came as major cryptocurrencies saw steep drops: Bitcoin fell 11%, BNB Chain’s BNB lost 26%, and Solana’s SOL lost 37%. Terra’s LUNA fell out of the top ten cryptos by market capitalization to the 81st rank – it fell 96% in the past 24 hours to under 40 cents. Author: Shaurya Malwa Source link

Terrible crypto trader gets 42 months for fraud, claiming he was a total gun

A crypto trader who defrauded over 170 people was sentenced to 42 months in prison on May 11 for operating a series of cryptocurrency funds claiming to make big returns but in reality were losing money and instead operated as a Ponzi scheme. The DOJ said that 25 year old  Jeremy Spence had solicited millions through false representations, “including that Spence’s crypto trading had been extremely profitable when, in fact, Spence’s trading had been consistently unprofitable.” Spence, who operated the social media channels for a crypto investment scheme called “Coin…

FCA-regulated Fasanara Capital raises $350M crypto and fintech VC fund

London-based asset manager Fasanara Capital has launched a $350 million investment fund to back fintech and cryptocurrency startups that can deliver new use cases for the emerging Web3 economy.  The company, which manages $3.5 billion in assets, is targeting early-stage startups in the fintech and crypto spheres, where it plans to establish long-term relationships with project founders and other industry veterans. This includes potentially larger equity commitments than traditional venture capital firm. Founded in 2011, Fasanara Capital is a fintech investment firm increasingly specialized in digital assets and lending technologies.…

Lloyd’s-Licensed Broker Launches Crypto Insurance Product

“As well as protecting the actual physical digital assets, there’s a whole other world of risk that also needs to be covered,” said Superscript digital assets lead Ben Davies in an interview. “So, if a platform goes down, or there are privacy breaches, ransomware attacks, breaches of contract, copyright and IP infringement. All that needs to be covered for crypto companies to move into the mainstream.” Author: Ian Allison Source link

Environmental groups urge US government to take action on crypto miners

A group of eight organizations focused on the environment have called on different government agencies under the Biden administration to implement new approaches in response to Proof-of-Work and other crypto mining operations. In a letter to the United States Office of Science and Technology Policy on Monday, the Environmental Working Group, Earthjustice, Greenpeace, the League of Conservation Voters, the Sierra Club, Friends of the Earth, the Seneca Lake Guardian, and the Milwaukee Riverkeeper urged the White House to enact policies aimed at curbing “the electricity use and climate pollution associated…