Coinbase Aims At New Markets, Reg Hurdles After Nasdaq Debut

Marc Andreessen, Emilie Choi, and Brian Armstrong. Source: A video screenshot, Youtube/Coinbase Major crypto exchange Coinbase is already dominant in the US market, as it was valued at around USD 100bn on its first day of trading on Nasdaq. Now the company, which was co-founded by Brian Armstrong nearly a decade ago, has its sights set on the rest of the world. In a live-stream event hosted by

Settlement Is Most Likely Outcome in Ripple vs. SEC Case – Attorney

While XRP has muscled its way back into the top-four cryptoassets by market capitalization as Ripple scored an important victory in the court, the legal battle with the US Securities and Exchange Commission (SEC) is far from over and most likely will end with a settlement, per an attorney. According to Andrew Hinkes, attorney at Carlton Fields and adjunct professor at NYU

Bitfinex & Tether in Focus amid Key Milestone in NYAG Probe

Source: iStock/standret, Today is the date on which the injunction placed on related major crypto companies Bitfinex and Tether by the New York Attorney General (NYAG) expires, and it is also the deadline for both companies to hand over any remaining financial documents tied to the elusive USD 850 million to the NYAG. Tether, the issuer of the most popular stablecoin, tether

‘Shortsighted’ FinCEN Crypto Rules Passed to Joe Biden Administration

Controversial proposals by the Financial Crimes Enforcement Network (FinCEN) have apparently been passed to the incoming administration of president-elect Joe Biden. “This was shortsighted” and “not in good faith,” Benjamin Weiss, Co-founder and Chief Operating Officer of a major Bitcoin ATM operator in the US, CoinFlip, commented on the proposals. FinCEN said

This Is The Biggest Risk To Crypto Market According to Pantera Capital CIO

Leveraged trading is the biggest risk to the crypto market in terms of what could cause “something to pop down the line,” according to Joey Krug, Co-chief Investment Officer (CIO) at US-based major crypto investment company Pantera Capital. He was speaking during Pantera Capital’s conference call yesterday. According to Krug, some people get complacent when

This Multibillion Bitcoin Dump By US Gov Could Be a Drop in the Bucket

The bitcoin (BTC) price has been a runaway train of late and there is seemingly nothing that can get in its way. Some believe that even if one of the largest BTC whales, the US Government, decides to sell its stash now worth billions of USD it wouldn't have a material effect on the market as BTC trading volumes more than doubled in a month. As reported, in November, the US

Bitcoin & Crypto Taxes In US: When to Sell and When to Hodl

With 2021 in sight, bitcoin (BTC) and other crypto investors in the US are facing a fork in the road. They can cash in on the gains that 2020 has delivered and take profits off the table or continue to hodl until the new year or longer. Whichever way they decide to go will determine when and how much they will have to fork over to Uncle Sam come tax day. That was then,

“Ethereum Is (Not) Money” Trigger Tested Again And It Still Works

As the two largest cryptoassets by market capitalization - bitcoin (BTC) and ethereum (ETH) (plus several thousand other coins) - are competing for new money in a crypto beauty contest, the resurfaced question whether ETH is money once again added fuel to the fire. While the traditional financial world does not consider BTC to be money, many BTC fans are of the same

Ethereum 2.0 Has Another Mystery – Taxes

As ethereum (ETH) holders are now learning how to stake their tokens and earn interest along the way, there is one question they’ll eventually need to ask, and hope there is a clear answer by then. Yes, it’s taxes. And the only thing that’s clear is that there’s no regulatory clarity on how ETH stakers will be taxed (at least in the US). Shehan Chandrasekera,

New Regulatory Lemons Await Somewhere Between DeFi & CeFi

While local and global regulators are yet to target the nascent DeFi (decentralized finance) world, some industry players warn that the interaction between DeFi and CeFi (centralized finance) sectors will bring even more unanswered questions. There is a constant interaction between the DeFi and CeFi worlds, e.g., industry players are taking loans from centralized institutions

Macro Investors Warm Up to Bitcoin

More macro investors, who invest based on global economic patterns, are buying into the bitcoin (BTC) story now, with legendary investors like Paul Tudor Jones becoming first-movers into the market, according to David Olsson, Global Managing Director of European and Asian markets at BlockFi, a US-based major crypto lending and trading company. The number of

Macro Investors Warm Up to Bitcoin

More macro investors, who invest based on global economic patterns, are buying into the bitcoin (BTC) story now, with legendary investors like Paul Tudor Jones becoming first-movers into the market, according to David Olsson, Global Managing Director of European and Asian markets at BlockFi, a US-based major crypto lending and trading company. The number of

This Bitcoin Cycle Is ‘Right On Track’ With ‘Striking Similarities’

Now that bitcoin (BTC) has redeemed itself and started its series of hitting all-time highs, it appears to have settled in another narrow range where it could be stuck for weeks or even longer. However, compared to the previous cycle, the world’s largest crypto asset appears to be “right on track” and “the similarities between cycles are striking,” according

Joe Biden Admin Will Ultimately Support Crypto – Circle CEO

Joe Biden and Kamala Harris, the vice president-elect. Source: A screenshot, Instagram/joebiden Jeremy Allaire, CEO and Co-Founder of US-based major crypto company Circle, claims that crypto is misunderstood in Washington, D.C., but he offered an optimistic take on how the incoming Joe Biden administration might treat cryptoassets. “I think that they will ultimately be supportive because this

Visa Makes Stablecoin Push With Circle’s USDC

Leading payments card company Visa is making a push into the red-hot stablecoin segment and has chosen USD Coin (USDC) for the job. Visa has paved the way for blockchain startup Circle’s Ethereum-based USDC to join its mega payments network, which reaches tens of millions of merchants and positions the stablecoin for wide-scale adoption. Circle has partnered with Visa,

Bitcoin Rewards “Farming” Is Coming

As US-based major crypto lending and trading company BlockFi just announced another bitcoin (BTC) rewards card, it seems that BTC spenders might be able to “farm” their rewards by combining already existing solutions. Somewhat, it would be similar to what DeFi yield farmers are already doing by moving their tokens between different lending protocols to

Coinbase, Huobi Join Other Exchanges in Supporting Ethereum 2.0 Staking

With the much-anticipated launch of Phase 0 of Ethereum (ETH) 2.0 finally here, the industry begins to prepare for the transition to the proof-of-stake (PoS) consensus algorithm for the second largest cryptoasset by market capitalization. Major crypto exchanges, including Kraken, Coinbase and Huobi have already made their moves. Coinbase announced its full support for ETH 2.0

Influential Historian Urges Joe Biden to Bring Bitcoin Into Financial System

Joe Biden. Source: A screenshot, Instagram/joebiden As China is leading the central bank digital currency (CBDC) race and the United States has taken a back seat, Niall Ferguson, an influential economic historian, suggested President-elect Joe Biden consider leapfrogging the crowd and going straight for the score by integrating BTC into the US financial system. “Rather than seeking to create a

Coinbase on Defense As NYT Report Alleging Racial Discrimination Goes Live

Yesterday, US-based major crypto exchange Coinbase warned of a scathing report in The New York Times, and, today, the major news outlet published the article, stating that 15 former Coinbase employees who have either quit or were fired from the company have one thing in common — they were all Black. Coinbase employs 600 people, 3% of whom are Black, according to the Times

Bitcoin vs. Ethereum Fight Escalates amid Fresh Capital Entering the Space

In the past month alone, bitcoin (BTC) price has increased by approximately 48% while ethereum (ETH) has seen its value balloon by 52%. So it would seem that all of these profits would put everybody in a good mood, especially both camps of diehards of the two largest and most popular cryptoassets. Nonetheless, as new investors are bringing fresh capital into the crypto

Bitcoin All-Time High: What Is Peak Bitcoin Anyway?

All eyes are on bitcoin (BTC), as investors take bets on whether the flagship cryptocurrency has enough gas in the tank to reach a new all-time high (ATH) in this cycle. Incidentally, that threshold means different things to different people and companies, depending on who you ask. The all-time high ranges from below USD 20,000 to above that psychologically important

XRP Revisits 2018 Levels With Bullish Run Above USD 0.50

With bitcoin (BTC) and ethereum (ETH) hogging the spotlight lately, Ripple-affiliated XRP is showing off in its own right. The No. 3 cryptoasset by market capitalization almost doubled in the past week and is the best-performing coin among the top 30 tokens by market capitalization in a month. At the time of writing (17:17 UTC), XRP trades at USD 0.55 and is up by 22% in a

This Is The Main Story in Bitcoin Now According to Pantera Capital CEO

Dan Morehead. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Demand outpacing supply is “THE story in Bitcoin right now,” as BTC is already knocking on the door of its all-time high of USD 20,000, Dan Morehead, CEO and Co-founder of major crypto investment firm Pantera Capital, stressed. PayPal’s crypto push is “already having a huge impact,” Morehead wrote in his