The post Coinbase Advanced Saw Rapid Surge in Users and Derivatives Trading In 2024 appeared first on Coinpedia Fintech News Coinbase Advanced, the cryptocurrency exchange’s platform for professional traders, saw a surge in users and trading volumes in 2024. The platform clocked a 191% increase in trading volumes driven by strong growth in derivatives trading and a 77% increase in users. Notably, Coinbase Advanced offers experienced traders a flat monthly fee in exchange for lower trading costs, more order options, and analytics tools. Coinbase shared that Derivatives products experienced especially rapid growth, with volumes soaring roughly 10,950% in 2024. The exchange launched its derivatives platform in the U.S. in 2022, offering cryptocurrency futures, including nano Bitcoin and nano Ether contracts, to millions of users.
Crypto.com has renewed its partnership with Formula 1, extending the collaboration through 2030, marking a continuation of the relationship established in 2021. Over the course of their partnership, Formula 1 has grown to reach a cumulative TV audience of 1.5 billion and amassed 96 million social media followers, according to a company note. Meanwhile, Crypto.com has expanded its user base to over 100 million globally, more than ten times its size at the start of the partnership. Formula 1 has today announced that it is extending its relationship with @cryptocom through to 2030. For more information read here: https://t.co/mAFtsvGQyV pic.twitter.com/wARdUsedrc — F1 Media (@F1Media) December 19, 2024 You might also like: North Korean hackers stole $1.6b crypto this year The renewed deal emphasizes fan engagement, with Crypto.com planning to roll out exclusive experiences and activations at select Grands Prix. The brand will also continue its role as the Official Title Partner of the Formula 1 Crypto.com Miami Grand Prix, a position it has held since the event’s debut in 2022. “Formula 1 was one of our first global sports partnerships and a key driver in elevating Crypto.com to the most recognized crypto brand in the world,” said Steven Kalifowitz, Chief Marketing Officer of Crypto.com. On Dec. 17, Crypto.com sponsored the Crypto.com Showdown, a professional golf tournament held in Las Vegas. The event featured top PGA and LIV Golf players competing for a multimillion-dollar prize paid entirely in the platform’s native CRO ( CRO ) cryptocurrency. You might also like: ADA’s breakout imminent; New altcoin set to outshine XRP’s 2x surge
Crypto.com has renewed its partnership with Formula 1, extending the collaboration through 2030, marking a continuation of the relationship established in 2021. Over the course of their partnership, Formula 1 has grown to reach a cumulative TV audience of 1.5…
Zug, Switzerland, December 19th, 2024, Chainwire Acurast , a leader in decentralized confidential cloud computing, announces the launch of Acurast Processor Lite for iOS, now available on the Apple App Store . This application allows iPhone users to share their device's computing power with Acurast's decentralized confidential cloud network, offering an opportunity to earn rewards in return. By harnessing the advanced processors in mobile devices, Acurast makes it possible for regular phones to operate as powerful computing providers. With this new expansion to iOS, Acurast's ecosystem grows bigger, welcoming iPhone users into a network that's changing the way cloud computing is done. This shift marks a step forward in accessibility and control over how compute power is managed worldwide. Acurast also takes a unique, sustainable approach: repurposing mobile phones with damaged screens or unused older models into affordable compute resources. These upcycled devices become cost-effective alternatives to traditional servers, bringing sustainability into the heart of cloud infrastructure. Users providing compute power through Acurast Processor Lite can earn rewards in the form of cACU tokens. Each user can earn up to 250 cACU per month in bootstrapping rewards simply by running the Processor connected to the internet. Additional rewards are earned whenever developers deploy applications on the Acurast Cloud and utilize the user’s Processor resources. Key Features of Acurast Processor Lite for iOS: ● Providing Compute Power Used By Developers To Deploy Their Applications: Getting started with users' everyday phones or onboard upcycled devices. ● Broading Compatibility: Supports iPhone 6s and newer models, allowing a wide range of users to participate. ● Secure and Private: Maintains data security and user privacy, giving users peace of mind. iPhone users can join the Acurast Cloud Rebellion by downloading Processor Lite iOS. Whether with an everyday phone or dedicated upcycled devices, joining means earning rewards and supporting a shift toward a more decentralized, sustainable, and user-driven confidential cloud infrastructure. Alessandro De Carli, Co-Founder of Acurast shared, "With the launch of Acurast Processor Lite for iOS, we're taking a significant step toward democratizing cloud computing. By enabling iPhone users to contribute their phones' compute power, we're building a more decentralized, secure, and confidential cloud infrastructure. This is not just about technology; it's about empowering individuals to be part of a global movement that redefines how we think about and utilize computing resources." Users can download Processor iOS Lite here: Processor iOS Lite About Acurast Acurast is transforming the cloud landscape by championing mobile-powered disruption in decentralized, confidential, and accessible computing. By enabling individuals to contribute compute power from their phones, Acurast is building a decentralized, serverless cloud that democratizes access to computing resources. Press Contact: Pascal Brun Co-Founder Acurast Association Email: pascal@acurast.com ContactComms and PR managerJonathan DuranDistractiveJonathan@distractive.xyz Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Zug, Switzerland, December 19th, 2024, Chainwire Acurast , a leader in decentralized confidential cloud computing, announces the launch of Acurast Processor Lite for iOS, now available on the Apple App Store . This application allows iPhone users to share their device’s computing power with Acurast’s decentralized confidential cloud network, offering an opportunity to earn rewards in return. By harnessing the advanced processors in mobile devices, Acurast makes it possible for regular phones to operate as powerful computing providers. With this new expansion to iOS, Acurast’s ecosystem grows bigger, welcoming iPhone users into a network that’s changing the way cloud computing is done. This shift marks a step forward in accessibility and control over how compute power is managed worldwide. Acurast also takes a unique, sustainable approach: repurposing mobile phones with damaged screens or unused older models into affordable compute resources. These upcycled devices become cost-effective alternatives to traditional servers, bringing sustainability into the heart of cloud infrastructure. Users providing compute power through Acurast Processor Lite can earn rewards in the form of cACU tokens. Each user can earn up to 250 cACU per month in bootstrapping rewards simply by running the Processor connected to the internet. Additional rewards are earned whenever developers deploy applications on the Acurast Cloud and utilize the user’s Processor resources. Key Features of Acurast Processor Lite for iOS: ● Providing Compute Power Used By Developers To Deploy Their Applications: Getting started with users’ everyday phones or onboard upcycled devices. ● Broading Compatibility: Supports iPhone 6s and newer models, allowing a wide range of users to participate. ● Secure and Private: Maintains data security and user privacy, giving users peace of mind. iPhone users can join the Acurast Cloud Rebellion by downloading Processor Lite iOS. Whether with an everyday phone or dedicated upcycled devices, joining means earning rewards and supporting a shift toward a more decentralized, sustainable, and user-driven confidential cloud infrastructure. Alessandro De Carli, Co-Founder of Acurast shared, “With the launch of Acurast Processor Lite for iOS, we’re taking a significant step toward democratizing cloud computing. By enabling iPhone users to contribute their phones’ compute power, we’re building a more decentralized, secure, and confidential cloud infrastructure. This is not just about technology; it’s about empowering individuals to be part of a global movement that redefines how we think about and utilize computing resources.” Users can download Processor iOS Lite here: Processor iOS Lite About Acurast Acurast is transforming the cloud landscape by championing mobile-powered disruption in decentralized, confidential, and accessible computing. By enabling individuals to contribute compute power from their phones, Acurast is building a decentralized, serverless cloud that democratizes access to computing resources. Press Contact: Pascal Brun Co-Founder Acurast Association Email: pascal@acurast.com Contact Comms and PR manager Jonathan Duran Distractive Jonathan@distractive.xyz
Zug, Switzerland, December 19th, 2024, Chainwire Acurast , a leader in decentralized confidential cloud computing, announces the launch of Acurast Processor Lite for iOS, now available on the Apple App Store . This application allows iPhone users to share their device’s computing power with Acurast’s decentralized confidential cloud network, offering an opportunity to earn rewards in return. By harnessing the advanced processors in mobile devices, Acurast makes it possible for regular phones to operate as powerful computing providers. With this new expansion to iOS, Acurast’s ecosystem grows bigger, welcoming iPhone users into a network that’s changing the way cloud computing is done. This shift marks a step forward in accessibility and control over how compute power is managed worldwide. Acurast also takes a unique, sustainable approach: repurposing mobile phones with damaged screens or unused older models into affordable compute resources. These upcycled devices become cost-effective alternatives to traditional servers, bringing sustainability into the heart of cloud infrastructure. Users providing compute power through Acurast Processor Lite can earn rewards in the form of cACU tokens. Each user can earn up to 250 cACU per month in bootstrapping rewards simply by running the Processor connected to the internet. Additional rewards are earned whenever developers deploy applications on the Acurast Cloud and utilize the user’s Processor resources. Key Features of Acurast Processor Lite for iOS: ● Providing Compute Power Used By Developers To Deploy Their Applications: Getting started with users’ everyday phones or onboard upcycled devices. ● Broading Compatibility: Supports iPhone 6s and newer models, allowing a wide range of users to participate. ● Secure and Private: Maintains data security and user privacy, giving users peace of mind. iPhone users can join the Acurast Cloud Rebellion by downloading Processor Lite iOS. Whether with an everyday phone or dedicated upcycled devices, joining means earning rewards and supporting a shift toward a more decentralized, sustainable, and user-driven confidential cloud infrastructure. Alessandro De Carli, Co-Founder of Acurast shared, “With the launch of Acurast Processor Lite for iOS, we’re taking a significant step toward democratizing cloud computing. By enabling iPhone users to contribute their phones’ compute power, we’re building a more decentralized, secure, and confidential cloud infrastructure. This is not just about technology; it’s about empowering individuals to be part of a global movement that redefines how we think about and utilize computing resources.” Users can download Processor iOS Lite here: Processor iOS Lite About Acurast Acurast is transforming the cloud landscape by championing mobile-powered disruption in decentralized, confidential, and accessible computing. By enabling individuals to contribute compute power from their phones, Acurast is building a decentralized, serverless cloud that democratizes access to computing resources. Press Contact: Pascal Brun Co-Founder Acurast Association Email: pascal@acurast.com Contact Comms and PR manager Jonathan Duran Distractive Jonathan@distractive.xyz
According to recently published documents, the U.S. Securities and Exchange Commission (SEC) has officially accepted the amendment application for the Franklin Crypto Index ETF. The ETF proposed by Franklin Templeton aims to provide a comprehensive cryptocurrency investment portfolio and will be an important step in the expansion of crypto investment products. Franklin Templeton first filed an S-1 filing on Aug. 17 for a new ETF that aims to track the CF Institutional Digital Asset Index. The index is currently limited to Bitcoin and Ethereum. If approved, the Franklin Crypto Index ETF will list on the Cboe BZX exchange and use Coinbase Custody Trust Company LLC as its digital asset custodian. The fund plans to allocate investments closely aligned with the weightings of its underlying index and may add other cryptocurrencies in the future. Related News: El Salvador Takes Another Step Back on Bitcoin - Country's BTC Officer Issues Statement “Index ETFs are the next logical step for cryptocurrency investment, similar to investors purchasing S&P 500 ETFs,” said Katalin Tischhauser, head of investment research at Sygnum Crypto Bank, noting the importance of such products. Before trading can begin, the SEC must approve the ETF’s registration application and ensure it is listed on at least one public exchange. While index ETFs currently focus on Bitcoin and Ethereum due to regulatory restrictions, approval of such products could pave the way for broader crypto ETF offerings. *This is not investment advice. Continue Reading: Interesting Move from the SEC: May Have Paved the Way for Bitcoin and Non-Ethereum Altcoin ETFs
Dogecoin drama? Major meme coin DOGE hits oversold territory amid crash
The post World Liberty Financial Swaps $10.4M in cbBTC for WBTC Amidst Delisting Controversy appeared first on Coinpedia Fintech News In a latest development, World Liberty Financial (WLFI), a project tied to Donald Trump, has swapped 102.9 cbBTC, valued at $10.4 million in Coinbase-backed cbBTC for 103.15 WBTC. This occurred after Coinbase announced the delisting of WBTC due to apparent failure to meet the exchange’s standards, which has led to speculation and controversies among market participants. Tron founder Justin Sun also questioned Coinbase CLO Paul Grewal on the delisting of wBTC and the fairness of their token listing standards. World Liberty Financial might have opted for stability by choosing WBTC, owing to its longer market presence and infrastructure advantages compared to cbBTC.
The creators of the Hawk Tuah meme coin, fronted by influencer Hailey Welch, face legal troubles following a freshly filed federal lawsuit.