Strict Canadian crypto exchange rules allowed Kraken clarity to invest there, exec says
Kraken’s Canada managing director told Cointelegraph in an interview that attaining restricted dealer status provided a clear regulatory pathway. Go to Source
Cryptocurrencies
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CoinSmart president says crypto taxes are a ‘little bit more favorable’ outside US
According to Jeremy Koven, Canadian crypto firms may have a better regulatory environment than ones in the United States, benefitting users in a number of ways. Go to Source
SwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reported
The SwirlLend scam is the second in as many days, and losses on the platform have already mounted into the millions, one week after it opened to users. Go to Source
Fantom DEX rescued at eleventh hour following planned shutdown
SpiritSwap previously had its entire treasury drained due to the ongoing Multichain exploit. Go to Source
BitGo raises $100M after losing lawsuit against Galaxy
BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said. Go to Source
Spot Bitcoin ETF approved, but not in the US
This week’s episode of The Market Report discusses the spot Bitcoin ETF that just launched in Europe and why the U.S. still lags behind. Go to Source
PayPal UK to halt Bitcoin purchases until early 2024
PayPal will temporarily halt crypto purchases in the United Kingdom starting from Oct. 1, 2023, expecting to re-enable the service in early 2024. Go to Source
Coinbase wins NFA approval to offer Bitcoin and Ether futures in US
Coinbase is preparing to roll out cryptocurrency futures trading for institutional investors in the United States. Go to Source
SEC v. Ripple: Judge greenlights investment banker declarant’s entry
The court seeks to address issues related to orders that rejected the SEC’s plea to seal the Hinman speech documents and Ripple’s request to seal information regarding XRP sales. Go to Source
Breaking: Binance Connect shutting down on August 16
A spokesperson said the move came in response to ‘changing market and user needs.’ Go to Source