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Coinbase Faces Existential Risk as SEC Increases Scrutiny on Crypto
5.5.2023
The US-based crypto exchange Coinbase is facing an “existential risk” as the Securities and Exchange Commission (SEC) continues its crackdown on the crypto industry, a financial analyst has warned.
The warning from the analyst followed renewed concerns among Coinbase investors that tokens listed...
Crypto Regulation Halts Growth of S Korean Web3 Unicorns, Warns Professor
5.5.2023
A leading South Korean professor says that restrictive crypto laws are stopping Web3 unicorns from growing in the nation.
The expert also claimed that banks and other financial market players should be allowed to move more freely in the crypto market.
According to EDaily, the Web3 comments came...
Coinbase Reports Increased Earnings in First Quarter, While Making the Call for “Crypto Specific Rules”
4.5.2023
Crypto exchange Coinbase reported higher revenue in its first quarter, while also pushing for “crypto specific rules,” in its latest earnings report.
Total revenue grew 23 percent quarter over quarter to $773 million, according to a Coinbase shareholder letter released on Thursday afternoon.
The...
House Financial Services and Agriculture Subcommitees To Hold Digital Assets Hearing
4.5.2023
A House Financial Services Committee panel together with a House Agriculture subcommittee plan to unpack digital asset regulation during a hearing next week.
Both of those subcommittees’ digital asset focused subcommittees will jointly hold the hearing titled “The Future of Digital Assets:...
What's Next for Crypto Prices After Interest Rate Decision? – yPredict Tool Makes AI Price Predictions Easy
4.5.2023
Traders are asking where is next for crypto prices in wake of the US Federal Reserve’s latest interest rate decision.
At current levels just under the $29,000 and $1,900 levels respectively, Bitcoin and Ethereum are both not much changed in wake of the Fed raising interest rates by 25 bps...
North Carolina House Passes Bill Banning State Agencies From Accepting CBDCs
4.5.2023
The North Carolina House of Representatives passed a bill that would ban state agencies from accepting payments in central bank digital currencies.
Lawmakers passed that bill 118-0 on Wednesday.
The bill would encompass “any institution, bureau, board, commission, officer, or political...
U.S. Regulator Cuts Digital Assets Out of Hedge Fund Rule
4.5.2023
The Securities and Exchange Commission has decided to leave digital assets out of a new rule requiring more information from hedge fund and private equity advisers.
The agency voted to adopt new changes to private fund reporting, specifically to Form PF — a reporting form for registered...
Coinbase to Cease New Loan Issuance Through Bitcoin Borrow Service
4.5.2023
Global crypto giant Coinbase has announced plans to shutter its loan services.
Effective May 10, Bloomberg reports, Bitcoin-backed loans will cease to be available to customers.
The exchange emphasized a focus on prioritizing offerings of utmost importance to clientele, resulting in continuous...
Argentinian Lawmaker Suggests Saving in Crypto, Not USD
4.5.2023
An Argentinian lawmaker has suggested that citizens should save their money in crypto, rather than United States dollars.
The comments came from the MP Martin Tetaz, a member for the city of Buenos Aires.
Tetaz was responding to a tweet from a fellow Buenos Aires MP, Ramiro Marra.
Marra asked...
Flare integrates its APIs on Google Cloud Marketplace
4.5.2023
The Flare API Portal offers developers an intuitive interface to interact with the Flare Network and its accompanying suite of tools. It provides access to off-chain data sources such as Google Cloud Storage, along with access to on-chain services like Atomic Swaps, Event Notifications, DeFi...
Jailed French Crypto ‘Fraudster’ Loses Appeal in Morocco
4.5.2023
A French crypto “fraudster” has had his jail sentence upheld in Morocco – after a court found him guilty of using Bitcoin (BTC) to buy luxury goods.
Per the French media outlet BFMTV, the man’s name is Thomas Clausi (21).
Clausi, a native of Moselle in eastern France, was originally jailed...
Republican U.S. Congressmen Demand Answers on the Biden Administration’s Crypto Stance
3.5.2023
U.S. Congressional Republican lawmakers demanded answers from the White House’s Council of Economic Advisers about the council’s “rationale” on issues ranging from legislation to central bank digital currencies.
Reps. Warren Davidson of Ohio and Mike Flood of Nebraska wrote a letter to...
Democratic Presidential Candidate Robert F. Kennedy Jr. Says It Is a “Mistake” To Hinder Crypto
3.5.2023
Democratic presidential candidate Robert F. Kennedy Jr. has taken to Twitter over the past day or so to air his thoughts about cryptocurrency regulation.
Kennedy most recently criticized the Biden Administration’s renewed call to propose a 30 percent tax on crypto-mining, calling it a “bad...
New Report: SEC Crackdown Might Benefit Crypto Sector in the Long Run – Here's Why
3.5.2023
The ongoing crackdown on crypto companies by the US Securities and Exchange Commission (SEC) could benefit crypto in the long run, according to an editorial by Bloomberg.
The reason why the Bloomberg editors see benefits in the crackdown is that it represents an opportunity for crypto to gain...
Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy
3.5.2023
The Blockchain Association is moving out of New York.
One of the biggest cryptocurrency lobbying groups said it had plans to shift resources out of the state to focus on federal policy....
Read More: Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy
White House Council Reignites 30 Percent Tax on Crypto Mining
3.5.2023
The White House is pushing to tax cryptocurrency miners to “pay their fair share” for the costs inflicted on local communities and the environment.
Electricity used in crypto-mining was similar to what is used to power all of the country’s home computers or residential lighting, the White House’s...
Coinbase debuts international exchange following feud with a U.S. regulator
3.5.2023
The largest U.S.-based cryptocurrency exchange launched the Coinbase International Exchange, which will be open to institutional investors outside the U.S., following tension with the Securities and Exchange Commission over the past few weeks.
Institutional investors will be able to trade...
Digital Currency Group's Q1 2023 Revenue Jumps, CFO Michael Kraines Resigns – Here's the Latest
3.5.2023
Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) saw its revenue rise 63% in the first quarter compared to the prior quarter, but it was still down on a year-over-year basis.
For the first quarter this year, DCG’s revenue totaled $180 million, up a respectable 63% from the prior...
Legal Twist Let South Korean Treasury Make $3.7m from Seized Crypto
3.5.2023
A legal twist allowed the South Korean Treasury to make a large profit on crypto seized by law enforcers in 2018 – and liquidated while Bitcoin (BTC) was trading for just under $40,000.
Recently published legal documentation shows that the Busan District Prosecutor’s Office seized coins “worth...
“Binance Japan” Set to Launch in June – Which Country Comes Next?
2.5.2023
The crypto exchange giant Binance is set to launch “Binance Japan” next month by rebranding a Japanese exchange it bought late last year.
Binance snapped up shares in the Sakura Exchange BitCoin (SEBC) trading platform in a deal finalized at the end of November 2022.
And per an official SEBC...