Crypto bear market will provide ‘excellent’ M&A opportunities: White Rock CEO
“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long. Go to Source Powered by WPeMatico
Month: August 2022
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts. Portuguese Crypto Firms Hit by Bank Account Closures Portugal, a leading European crypto hub, … Read more
LBank Goes on a Worldwide Grassroot Educational Campaign in July
Top cryptocurrency exchange, LBank, gave its various communities across the world a July to remember. With a lineup of activities, the trading platform kept it interesting, interactional and most importantly, educational for its users. In addition, the exchange supported several philanthropic projects that helped the less fortunate in different regions. While the month was jam-packed … Read more
Uniswap Foundation proposal gets mixed reaction over $74M price tag
The largest DEX in the world could be supported by a new $74 million foundation if a new proposal from two community members passes a vote later this month. Go to Source Powered by WPeMatico
Solana-hacked crypto could be claimed as a tax loss: Experts
Australian, Canadian & U.K. crypto investors may potentially claim hacked crypto as a tax loss, but U.S. investors will miss out, according to tax experts. Go to Source Powered by WPeMatico
Crypto fundraising already outpacing all of 2021: Report
The Messari report noted that more than $30 billion was raised from 1199 funding rounds in the first half of 2022. Go to Source Powered by WPeMatico
Thai SEC approves four crypto firms despite Zipmex woes
Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals. Go to Source Powered by WPeMatico
US Senators Introduce Bill to Give CFTC Exclusive Jurisdiction Over Digital Commodities Spot Market
U.S. senators have introduced the “Digital Commodities Consumer Protection Act of 2022” to empower the Commodity Futures Trading Commission (CFTC) “with exclusive jurisdiction over the digital commodities spot market.” Digital Commodities Consumer Protection Act U.S. Senators Debbie Stabenow (D-MI), John Boozman (R-AR), Cory Booker (D-NJ), and John Thune (R-SD) introduced Wednesday the “Digital Commodities Consumer … Read more
Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand. Go to Source Powered by WPeMatico
Voyager received better buy-out offers than FTX’s, set to return $270M to customers
The crypto lender will be allowed to return a portion of customer funds locked up at the Metropolitan Commercial Bank which have been frozen until now. Go to Source Powered by WPeMatico
