Coinbase has called for certain modifications to the proposed rule regarding registered investment advisers’ (RIA) obligations to hold client assets at qualified custodians. Even as the United States Securities and Exchange Commission (SEC) deemed Coinbase Custody as a “qualified custodian,” the crypto exchange believes the revised RIA rule makes “unwarranted assumptions about custodial practice.” Revisions...Read More
Popular peer-to-peer (P2P) marketplace Paxful is back online after shutting down services in April 2023. While the platform was suspended, the Paxful Wallet remained active. Paxful, in a blog post on May 8, announced the resumption of the marketplace a month after the platform closed down. An excerpt from the announcement reads: “We know it...Read More
Galaxy Digital turned profitable in the first quarter of the year as the markets improved. Its founder and CEO, Michael Novogratz, revealed that the crypto financial services firm ended Q1 2023 with a liquidity position of $814 million. According to an official press release, Galaxy Digital reported $134 million in net income for the same...Read More
In recent months, the crypto market has been both entertained and bewildered by the unexpected rally of memecoins. From the already-established Dogecoin and Shiba Inu to newcomers PEPE, these digital assets have attracted massive interest and speculative investments due to their strong community support and social dominance. However, recent market developments have thrown a wet...Read More
In just a few hours, FLOKI, the self-nominated people’s cryptocurrency and the utility token of the Floki ecosystem, will arrive at BitMEX via two new listings – FLOKIUSD and FLOKIUSDT. The listings will also arrive with up to 50x leverage, making available one of the highest max position sizes in the industry. FLOKI is a...Read More
Ordinal inscriptions are on fire. Users are continuously flooding the Bitcoin network with images, video games, and other content. There are now more than 5 million inscriptions. Over the past seven days, the total inscription count has more than doubled from 2.5 million. Ordinals Skyrocket According to data from Dune Analytics, text-based inscriptions, also known...Read More
[PRESS RELEASE – Los Angeles, California, May 9th, 2023] Retains Crown as Web3’s Biggest Social Network and SocialFi Platform DSCVR, the largest and most popular Web3 social network and social finance (SocialFi) platform, has surpassed the 200,000 user mark – a key milestone on its journey towards making crypto functionality easily accessible to anyone who...Read More
Trending memecoin Pepecoin (PEPE) has plummeted by more than 55% in the last four days after a remarkable performance turned several investors into overnight millionaires. The memecoin, which jumped to the 45th largest cryptocurrency by market capitalization within three weeks after its launch, began a downward spiral on Friday, May 5, after it was listed...Read More
[PRESS RELEASE – Dubai, UAE, May 9th, 2023] Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, is debuting “Build The Block,” a new global digital series where Web3 startups will compete for investment from Binance Labs. Build The Block is the first show format of its kind and Binance’s first foray into the metaverse....Read More
The cryptocurrency market has been depressing the last year, with Bitcoin (BTC) being the cause of gallons of tears. After hitting an all-time high of $68,000 in the fall of 2021, BTC’s price dropped to around $17k by November of last year. But after some recent hype and glimmers of hope, the mighty Bitcoin is...Read More
As Sam Bankman-Fried awaits his trial this autumn with Doordash as his only solace, his lawyers are busy attempting to get him as easy one as possible. After his antics nearly caused his bail to be reversed, ultimately leading to his ban from video games and most of the internet, SBF’s lawyers have spent countless...Read More
Leading cryptocurrency exchange Binance announced plans to add support for Bitcoin Ordinals in its NFT marketplace in the coming weeks. According to a statement sent to CryptoPotato, Binance NFT will integrate Bitcoin Ordinals non-fungible tokens into its platform later this month as the marketplace looks to expand its multi-chain ecosystem. Bitcoin NFTs Coming to Binance...Read More
On May 8, Bittrex Inc. filed for Chapter 11 bankruptcy protection for its U.S.-based operations. The move comes three weeks after the Securities and Exchange Commission (SEC) accused it of operating an unregistered securities exchange. According to the filing, Bittrex had assets and liabilities each estimated to be worth between $500 million and $1 billion....Read More
Over 1,000 human trafficking victims, who were forced to toil up to 18 hours a day for cryptocurrency scams, were rescued by the Philippine National Police (PNP). The 12 suspected ringleaders were arrested by the authorities and will be charged with human trafficking. This includes seven Chinese nationals, four Indonesians, and a Malaysian. Crypto Scam...Read More
cryptocurrency exchange Bittrex Inc. filed for bankruptcy protection following claims by the U.S. Securities and Exchange Commission (SEC) that it ran an unregistered securities exchange. The Seattle-based company shut down its American operations on April 30 and filed for bankruptcy in Wilmington, Delaware, claiming that the value of its assets and obligations was between $500...Read More
(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.) The economics of nightclubs and national banking systems have a lot in common. Patronising a nightclub is a lot...Read More
