(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) (Note to reader: this week’s essay is a continuation of my piece from last week, “A Samurai, a Knight,...Read More
By Paul Grewal, Chief Legal Officer Tl;dr: Coinbase does not list securities on its platform. Period. We have said it before, but given today’s events, it bears repeating. Earlier today, following a Department of Justice (DOJ) investigation into a former Coinbase employee’s misuse of confidential Coinbase information related to listing decisions, the Securities and Exchange...Read More
Finnish customs have reportedly 1,889.1 BTC with the help of two brokers, gaining over 46.5 million euros (over $47 million). Selling Seized Bitcoins According to the official announcement, the customs seized the funds during drug busts and had been legally forfeited to the state following court rulings. The bulk of the digital assets in various...Read More
Anthony Scaramucci’s investment firm, SkyBridge Capital, is currently facing an exodus of investors amid the current market downturn. According to a recent report by The New York Times, investors who had positions in SkyBridge’s flagship fund, the SkyBridge Multi-Adviser Hedge Fund Portfolios, are clamoring to get their funds back. SkyBridge Investors Demanding Withdrawals As of...Read More
In a tax reform introduced on Thursday, the South Korean government proposed to postpone the planned 20% tax on crypto earnings for two years. If accepted, crypto earnings in South Korea will be taxed from 2025. The tax plans for the digital asset sector were originally to kick in from January 2022. But in December...Read More
Though the overall cryptocurrency market has entered the recovery phase, the global market capitalization has plunged by 1.73% in the last 24hrs. The leading cryptocurrency, Bitcoin, is striving to get back to its $23,000 price levels. This bear pull movement has made the traders and investors anxious about the future price action of Bitcoin. A...Read More
CryptoCom – a leading North American cryptocurrency exchange – has launched its new in-app Google Pay purchase feature. This will allow users to purchase cryptocurrency more quickly through their Android devices through Google Pay. According to a press release shared with CryptoPotato, users may take advantage of the feature so long as their debit/credit card...Read More
TL;DR: Coinbase filed a petition asking the SEC to begin rulemaking on digital asset securities. The existing rules for securities just do not work for digital assets. Our petition calls on the SEC to develop a workable regulatory framework for digital asset securities guided by formal procedures and a public notice-and-comment process, rather than through...Read More
BlockchainCom – a crypto financial services company – has let go of 25% of its employees due to harsh market conditions. That’s 150 roles cleared from the firm. A Loss of Momentum As reported by CoinDesk and verified by CNBC, 44% of layoffs are expected to affect employees in Argentina. Another 26% will impact U.S.-based...Read More
Buterin asserted that Ethereum’s developers are working on five long-term stages that aim to improve the network’s overall capabilities. The first on the agenda is the Merge, which is 90% complete and needs to be tested only on Ropsten, he said. During the ongoing annual Ethereum conference, Buterin outlined the improvements the development team is...Read More
Around the Block sheds light on key trends in crypto. Written by Connor Dempsey, sourced from the work and insights from the entire team at Coinbase Ventures & Corp Dev TLDR: Coinbase Ventures deal activity reflected the overall pace of the venture landscape, down 34% QoQ. Activity remained up 68% YoY, reflecting the steady growth...Read More
Less than 24 hours after the Southeast Asia-based cryptocurrency exchange Zipmex paused customer withdrawals citing volatile market conditions, the company announced plans to resume full operations. Zipmex Resumes Withdrawals In a tweet on Thursday, Zipmex noted that deposits and withdrawals are now open to users in its trade wallet. However, ZipUp accounts will remain disabled...Read More
Today, the global cryptocurrency market has opened on a bearish note as major cryptocurrencies signaled red. The lead cryptocurrency, Bitcoin, had claimed the $24,000 price area in the early hours yesterday before declining and losing its $23,000 range, while Ethereum has lost the $15,000 level once again. The recent gains were witnessed after a short...Read More
[PRESS RELEASE – Please Read Disclaimer] AMAZY, a crypto fitness app with two main courses: to Move and to Earn by equipping NFT sneakers, announces the listing of AZY (AMAZY Movement) tokens on three major exchanges. The first exchange to list AMAZY tokens on July 22nd, 2022, at 12:00 UTC is OKX. OKX is a...Read More
The electric vehicle giant Tesla sold $936 million of its bitcoin holdings in Q2 this year. However, the move was prompted not because the company does not believe in the asset anymore, but because of the record production costs in China due to the last COVID-19 lockdown, CEO Elon Musk explained. Earlier this week, the...Read More
Third-largest Bitcoin whale has finally emptied its BTC holdings after demonstrating a long-term accumulation trend. As per BitInfoCharts, the whale bought a total of more than 207k BTC since 2019 before transferring all of it. The move coincided with Bitcoin posting gains for three straight days before topping $24,000, the highest level since mid-June. Over...Read More
One of the worst affected crypto companies by the unpleasant macroeconomic conditions – Vauld – reportedly filed for protection against creditors in Singapore. The process should grant the entity the “breathing space” it needs to reconstruct its distressed operations. Looking for a Way Out It is safe to say that the crypto winter has harmed...Read More
[PRESS RELEASE – Singapore, Singapore, 20th July 2022] Bluejay Finance, a capital-efficient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies, has raised $2.9M in funding from Zee Prime Capital, C2 Ventures, Stake Capital Group, RNR Capital, Daedalus Angels, Moonlanding Ventures, Oval Ventures, and more, with operator-angels including DeFi projects like Ribbon Finance, Flux,...Read More
After several weeks of decline, the cryptocurrency market has been steadily increasing over the past several days, displaying signs of recovery. After testing a crucial technical resistance, Solana (SOL) moved slightly lower on July 20, pointing to potential downward movements in the coming weeks. Recent Solana price analysis shows that the bulls are now in...Read More
