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Sony Launches Crypto Exchange | Key Takeaways | July 3, 2024
General manager. Welcome back to BitPinas Key Points: Easily digestible news in concise formats for easy reading. Our in-depth article today: The Metamax scam unravels.
Here is the latest cryptocurrency news from the last 24 hours.
Market Analysis & Updates 📈
Cryptocurrency price update
Here are the crypto highlights of the day:
- Bitcoin (BTC): $62,165, down 1.1% over the past 24 hours.
- Ethereum (ETH): $3,423, down 0.5% over the past 24 hours.
- Solana (SOL): $153.85, up 4.8% from the previous day.
Trending Coins Update
- Beautiful finance Inu: $0.0000004, up 538.1% from the previous day.
- Multifaceted: $0.0820, up 42.6% in the last 24 hours.
- Joe Boden: $0.0486, down 28.4% from the previous day.
For daily price updates, check out our post on Facebook.
📺 Register for our next webcast
join us for the next installment of our beginner’s guide series, where we will talk with Paolo Dioquino from Pendle Finance, DeFi Philippines, and ETH63. In this session, Paolo will cover the basics of decentralized finance (DeFi) and share practical tips to help you navigate this innovative financial landscape.
News Spotlight: Sony Launches Its Own Cryptocurrency Exchange
Amber Japan Corporation, acquired by Sony Group and now S.BLOX Corporation, is set to revamp its cryptocurrency trading service “WhaleFin”.
What’s the meaning? This effectively signals Sony’s foray into launching its own cryptocurrency exchange, increasing the number of platforms available (initially) to Japanese customers.
- Big companies Entering the world of cryptocurrencies has always been significant.
- PreviouslyReferences to companies like Visa or Mastercard could cause the price of Bitcoin to fluctuate.
- While their impact on prices has diminished, their involvement continues to indicate growing public acceptance.
The numbers:
- Capital: ¥1,708,179,531 ($10.5 million)
- Property: 100% by Quetta Web Corporation (Subsidiary of Sony Group)
- Institution: January 10, 2018
What changes: The revamped cryptocurrency exchange will have a new look and interface, a new app, and more cryptocurrencies to trade.
Other Sony efforts:
However: It should be noted that Sony is a large conglomerate with numerous umbrella companies and other subsidiaries within it. The cryptocurrency exchange news concerns a specific subsidiary that may not have been involved in other blockchain efforts of other divisions of the Sony group.
Philippine Cryptocurrency News 🇵🇭
- G Helmet releases advisory vs Metamax.
- Read our previous reports:
- Jen Bilango, Country Manager of Coins.ph It is one of guests for the upcoming Asia Blockchain Summit.
- NFTxStreetin collaboration with Chromania, will have a ask me anything session (AMA) on July 4th on his Discord server.
Educational Corner 🎓
In Harry Santos’s article on BitPinasnoted that for Bitcoin to be successful, it must be competitive and usable, balancing its secure and decentralized foundation with the need for engaging projects. Accordingly, check out these 5 Exciting Projects Under Development on Bitcoin.
Regulation Watch 📜
Stay informed about the latest regulatory developments and what they mean for you:
- TRON founder Justin Sun won a landmark defamation case in China, with the Chongqing Yubei District Court ruling that Chongqing Business Media Group defamed Sun by publishing false and unverified content.
- THE German government moved $94 million in Bitcoin on exchanges, following similar transactions recently by both the German and US governments.
- Circle Cryptocurrency Company received an e-money license from France, making it the first global stablecoin issuer to comply with the European Union’s stringent MiCA (Markets for Cryptocurrencies) regulatory framework.
- Silvergate Bank, known for its pro-cryptocurrency stance, settled charges against numerous regulators, including the SEC, the Federal Reserve and California’s DFPI, agreeing to pay $63 million.
- Step received full approval from the Central Bank of Singapore to offer digital payment token services and plans to issue stablecoins in compliance with Singapore’s stringent regulatory framework.
Community Spotlight 🔦
Meet Arlone Abello: He is also known as Coach Miranda Miner in space. Abello is a thought leader, author and opinion maker in the stock and cryptocurrency markets.
- He is the founder and CEO of Global Miranda Miner Group and the Web3 Elite University learning platform.
Abello is also the founding president of the traders’ organization Philippine Crypto Traders Association (IMPACT) Innovative Movement.
More news on Web3 and AI 💡
Discover the latest in web3 and AI innovation.
- Adam Sullivan, CEO of Core Scientific predicts Artificial intelligence will surpass Bitcoin mining in revenue within the next 12 years.
- THE Aptos Foundation proposed Aave V3 implementation on the Aptos mainnet, marking the first potential implementation of Aave on a non-EVM blockchain.
- Energy of the Iris lifted up $413.4 million through an at-the-market (ATM) offering by selling 39.8 million shares between May 15 and June 28.
Web3 Gaming Section 🎮
The future of web3 is gaming: here are the latest news.
- Wild Forest start its second season of airdrop distribution with the launch of a game.
- RPGs acquired Chainmonsters, a cross-platform web3 monster training MMORPG, to accelerate its development and strengthen its position in the web3 game publishing industry.
- Cattizenea web3 game based on Telegram, is in expansion from a single mini-game to a multi-game hub with plans to host over 200 games and launch a game engine for Telegram mini apps.
Event Announcements 📅
Do not get lost: Upcoming events, webinars and meetups in the cryptocurrency world!
Upcoming events:
Noteworthy 🌟
Key updates and announcements from the world of cryptocurrency and blockchain:
- Metaplanet, a Japanese investment advisor, bought $1.2 million in Bitcoin (over 20.2 BTC) as part of his strategy to invest another $6 million in Bitcoin, increasing his total assets to 161.3 BTC.
- Analysts predict a positive July for Bitcoin and Ether based on historical trends, highlighting Bitcoin’s 9.6% average return in July, positive seasonality, and improving liquidity.
- THE United States Marshals Service assigned a $32.5 million deal with Coinbase Prime to provide custody services and “advanced trading services” for large-cap digital assets.
- Binance.United States, the American branch of Binance, he answered to a recent federal court ruling that upheld most of the SEC’s allegations against him, saying it was prepared to pursue further legal action.
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This article is published on BitPinas: Sony Launches Crypto Exchange | Key Takeaways | July 3, 2024