Getting rid of crypto staking would be a ‘terrible path’ for the US — Coinbase CEO
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder. Go to Source Powered by WPeMatico
Month: February 2023
US banking giant BNY Mellon says digital assets are ‘here to stay’
Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.” Go to Source Powered by WPeMatico
Hut 8 merger would’ve happened even without FTX or crypto turmoil, says CEO
Falling crypto prices have forced many crypto miners to cut costs or consolidate in order to survive the crypto winter. Go to Source Powered by WPeMatico
Payments provider Affirm to sunset crypto program after 19% staff cut
Users will not be able to buy Bitcoin after Mar. 2, and the “Affirm Crypto Program” will officially shut down on Mar. 31. Go to Source Powered by WPeMatico
Shark Tank Star Kevin O’Leary Says Most Crypto Tokens Are Worthless — ‘They’ll Eventually Just Go to Zero’
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that most crypto tokens are worthless and they will eventually drop to zero in value. He added that he now owns seven cryptocurrencies and he is getting the same volatility he did when he owned 32 crypto tokens prior to the collapse of crypto exchange FTX. … Read more
Crypto exchange Kraken faces probe over possible securities violations: Report
The probe is reportedly looking at certain offerings that Kraken has made to its US customers that could be in breach of securities laws. Go to Source Powered by WPeMatico
Proposed Israeli law to classify crypto as securities will ‘kill the industry’
A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon. Go to Source Powered by WPeMatico
As Bitcoin nears $25K, questions about rally’s sustainability remain
Analysts seem to be divided as to whether a bull run is now in session despite many key indicators suggesting the same. Go to Source Powered by WPeMatico
Robinhood board gives nod to buy Sam Bankman-Fried’s $578M stake
The shares were bought by FTX founder Sam Bankman-Fried and co-founder Gary Wang last year and have been tussled over since the collapse of FTX. Go to Source Powered by WPeMatico
Commodity Strategist Mike McGlone Says Cryptocurrencies May Be Facing Their First Real Recession
Bloomberg Intelligence’s senior commodity strategist Mike McGlone has warned that “cryptos may be facing their first real recession.” The Federal Reserve tightening despite the risk of a recession “could be a primary headwind for most risk assets, notably cryptos,” he added. ‘Cryptos May Be Facing Their First Real Recession’ Bloomberg Intelligence (BI), the research arm … Read more
