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   Business News    Financial News   Financial News

  Posted by u/ 11 months ago

Kraken and Cardano forge alliance amidst Memeinator presale surge

Hoskinson is eyeing a collaboration with Kraken for a Layer-2 network Kraken wants to follow Coinbase’s move to launch a Layer-2 blockchain. Memeinator presale continues to gather steam with $1,303,398 raised so far. In a strategic move within the dynamic landscape of the cryptocurrency sector, Charles Hoskinson, the visionary founder of Cardano Blockchain, has hinted […]

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  Posted by u/ 11 months ago

Bitget halts plans for crypto licence in Hong Kong

Bitget announced that it will halt operations for its Hong Kong unit by December 13. The crypto exchange said the decision is down to “business and market related considerations.” Users have until then to withdraw their funds. Bitget has announced that its Hong Kong unit will not pursue registration as a Virtual Asset Trading Platform […]

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  Posted by u/ 11 months ago

Crypto ETP inflows surpass $1B year-to-date as total AuM hits May 2022 high

Digital asset investment products recorded inflows of $293 million last week. Bitcoin saw $240 million, Ethereum $49 million and Solana $12 million. A report by CoinShares shows year-to-date inflows have surpassed $1 billion. Inflows into digital asset investment products hit $293 million last week, the seventh consecutive week of positive flows.  According to data from […]

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  Posted by u/ 11 months ago

Analyst says ETH could spike to $3,100 if key resistance breaks

Ethereum is looking to break above a key resistance level at $2,150. Crypto analyst Michael van de Poppe says ETH price could jump to between $3,100  and $3,600 if a breakout happens. Catalyst for the market include a spot Bitcoin ETF approval and developments on Ether spot ETF applications. Ethereum (ETH) traded to highs of […]

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  Posted by u/ 11 months ago

The Crypto Market Rally Looks Overdone, JPMorgan Says

Digital assets have seen strong gains in the last month due to excitement about the potential approval of bitcoin spot ETFs, but this bullish sentiment may be misplaced, the report said.

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  Posted by u/ 11 months ago

Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets

Prices on the major cryptocurrencies stabilized after a rally at the end of the U.S. trading week, while crypto winter continues to thaw in every part of the market from bitcoin to ether and DEXs.

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  Posted by u/ 11 months ago

Crypto Exchange Bithumb Plans South Korea IPO in Second-Half 2025: Report

Bithumb is aiming to close the market-share gap with fellow exchange Upbit, which has over 80% of the South Korean market.

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  Posted by u/ 11 months ago

Genesis, Three Arrows Capital Reach Agreement on $1B of Claims

The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to defunct hedge fund 3AC.

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  Posted by u/ 11 months ago

Cathie Wood's ARK Sold $6M of Grayscale Bitcoin Trust Shares Amid Rally

ARK offloaded 201,047 GBTC shares, worth around $5.9 million, from its Next Generation Internet ETF.

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  Posted by u/ 11 months ago

Bitget's Hong Kong Unit Halts Operations, Won't Apply for Crypto License

BitgetX HK, which launched in April, is withdrawing from Hong Kong and will shut operations on Dec. 13.

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  Posted by u/ 11 months ago

Grayscale's Solana Trust Trades at 869% Premium as Institutions Flock to SOL

Grayscale's Solana Trust (GSOL) is trading at $202 a share following a 653% rise since the start of September. The Trust's underlying asset, SOL, has trebled to $58 in the same period.

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  Posted by u/ 11 months ago

GROK Token, Inspired by Elon Musk?s Grok AI, Hits $160M Capitalization in Latest Frenzy

Total liquidity for the token is a paltry $3.5 million on decentralized exchanges, meaning a single significant sale could instantly topple the rise.

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  Posted by u/ 11 months ago

Hacker Steals $27M in Tether From Wallet Linked to Binance Deployer

A hacker seemingly stole $27 million worth of tether [USDT] from a wallet linked to the Binance deployer over the weekend, according to blockchain analyst ZachXBT.

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  Posted by u/ 11 months ago

First Mover Americas: Grayscale?s GBTC Discount Narrows to 10%

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 13, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ 11 months ago

IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal

The U.S. Internal Revenue Service (IRS) is gathering the final words now from a crypto sector that is arguing the agency's proposal for a digital-assets taxation regime is an existential threat to investor privacy and to decentralized crypto projects.

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  Posted by u/ 11 months ago

Crypto News Site The Block Bought by Foresight Ventures in $70M Deal

Singaporean venture capital firm Foresight Ventures bought a majority stake in The Block, with the crypto media outlet being valued at $70 million.

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  Posted by u/ 11 months ago

The Tax Implications of Sam Bankman-Fried?s Conviction

The end of the trial provides some clarity for FTX customers as to how the company?s bankruptcy might affect their taxes. But how the IRS might act in the context of illegal activity is unclear.

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  Posted by u/ 11 months ago

The IRS Should Heed This Warning

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  Posted by u/ 11 months ago

Crypto Tax Basics: A 101 for Beginners

Everything you need to know, courtesy of Jaimin Desai, CEO & Co-Founder of Reconcile, a tax optimization platform helping investors, business owners and high-income earners pay less tax.

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  Posted by u/ 11 months ago

The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."

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  Posted by u/ 11 months ago

Cboe Digital to Launch Margined Futures for Bitcoin, Ether

CBOE Digital, the crypto arm of the Chicago Board of Options Exchange, said it will list margined bitcoin and ether futures on Jan. 11.

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  Posted by u/ 11 months ago

The IRS Is Making Crypto Compliance Impossible

The 6045 digital asset broker regulations are likely to greatly increase the cost of filing your crypto taxes, says Kirk David Phillips, CPA.

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  Posted by u/ 11 months ago

Ethereum Wallet Drainer Steals $60M in Six Months

Hackers that stole more than $60 million worth of crypto in six months are using a piece of code to bypass security alerts after maliciously gaining access to a private key.

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  Posted by u/ 11 months ago

Ex-Polygon Veteran Wyatt Joins Optimism Foundation Unit in Growth Role

Wyatt, who previously served as president at Polygon Labs and had a stint at YouTube, joins as chief growth officer, where he will be in charge of helping developers build across Optimism?s ecosystem of blockchains.

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  Posted by u/ 11 months ago

FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'

The FTX estate says the funds were "preferentially" or "fraudulently" transferred to Bybit and affiliates in the lead-up to its November 2022, bankruptcy filing.

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  Posted by u/ 11 months ago

Bitcoin Researcher Behind 'BitVM' Ignites Fresh Buzz With New Paper on File Hosting

The proposal by Robin Linus, a core contributor to Bitcoin-based zero-knowledge proofs developer ZeroSync, sets out how an open market for content hosting could be created by "an atomic swap of coins for files."

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  Posted by u/ 11 months ago

Crypto Fund Inflows of $293M Bring Yearly Total Above $1B: CoinShares

Ethereum related products witnessed the largest amount of inflows since August 2022.

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  Posted by u/ 11 months ago

Former FTX, Alameda Executives to Start New Crypto Exchange: WSJ

Two former colleagues of recently convicted Sam Bankman-Fried are building a new crypto exchange, just days after their former CEO was found guilty on seven charges of fraud.

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  Posted by u/ 11 months ago

CPI Report Tuesday Could Provide Next Bitcoin Catalyst

The U.S. government tomorrow will report on October inflation data.

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  Posted by u/ 11 months ago

What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?

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  Posted by u/ 11 months ago

Crypto Tax Proposal Open for Revision, IRS Officials' Questions Suggest

While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper overreach, questions posed by a panel of IRS and Department of the Treasury officials at a Monday hearing may reveal some flexibility in the rule as it's still being written.

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  Posted by u/ 11 months ago

Bogus BlackRock XRP Filing Spoofs ETF Watchers, Crypto Traders

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  Posted by u/ 11 months ago

Lens, Aave's Decentralized Social Media Platform, Launches Major Upgrade on Polygon

The open source protocol spearheaded by DeFi giant Stani Kulechov has released a bevy of new monetization features.

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  Posted by u/ 11 months ago

Solana, Avalanche, Chainlink Tumble 8%-12% as Crypto Rally Cools Amid Fake BlackRock XRP Trust Filing

A fake BlackRock XRP Trust filing roiled the crypto market during U.S. afternoon hours, weighing on altcoins as the crypto rally cooled.

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  Posted by u/ 11 months ago

Tokenized Cash Fintech Fnality Raises $95M Led by Goldman and BNP Paribas

DTCC, Euroclear, Nomura and WisdomTree also participated in the Series B funding round.

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  Posted by u/ 11 months ago

Crypto.com Wins Digital Asset License in Dubai

Cryptocurrency exchange Crypto.com has been granted a licence to operate specified virtual asset service activities in Dubai.

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  Posted by u/ 11 months ago

XRP Futures Traders Nurse $7M Loss as BlackRock ETF Rumor Causes Wild Price Swings

Prices jumped to 73 cents from 65 cents in a 25-minute period following a viral tweet that suggested financial behemoth BlackRock had filed for an XRP ETF in the U.S.

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  Posted by u/ 11 months ago

Top 5 Upcoming Crypto Airdrops!

Eager to boost your upcoming crypto airdrops holdings without spending a dime?

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  Posted by u/ 11 months ago

BitgetX Closure and Withdrawal from the Hong Kong Market by December 13, 2023

BitgetX.hk, a prominent virtual asset trading platform in Hong Kong, has decided not to pursue a Virtual Asset Trading Platform (VATP) license. As a result, BitgetX closure and withdrawal from the Hong Kong market by December 13, 2023, were announced.

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  Posted by u/ 11 months ago

Digital Asset Fund Inflows Exceeds $1 Billion Mark in 7 Weeks

Digital asset fund saw a record $293 million inflow last week, pushing the 7-week total past $1 billion for the year.

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  Posted by u/ 11 months ago

Terraform Labs Acquisition Now Expands Though Legal Dispute Remains

The Terraform Labs acquisition occurs amid ongoing legal battles, particularly with the SEC, over the collapse of TerraUSD last year.

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  Posted by u/ 11 months ago

US Options Exchange Cboe To Promote Margined Bitcoin And Ethereum Futures

US options exchange Cboe will provide financially settled margined contracts on Bitcoin and Ethereum.

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  Posted by u/ 11 months ago

Crypto.com Strike Options Now Launched For US Users With Starting Only $10

With a 20-minute contract duration and a $10 transaction cost, Crypto.com Strike Options enables rapid profit potential and versatile trading decisions.

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  Posted by u/ 11 months ago

Fake BlackRock Fund Filing Triggers a Brief Rally in XRP Cryptocurrency

A filing related to a BlackRock Inc. fund connected to the cryptocurrency XRP, called the "Fake BlackRock Fund Filing," surfaced on the Delaware website. This unexpected development led to a temporary market surge for the XRP token. However, it is crucial to emphasize that BlackRock was not responsible for the filing.

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  Posted by u/ 11 months ago

73% of October?s Web3 Games Struggle with Minimal Active Users

Footprint has shed light on the state of the Web3 game industry, revealing some concerning statistics.

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  Posted by u/ 11 months ago

Ex-Jane Street Trader Clashes Over 2022 Bonus at FTX

Amidst the fallout of FTX's financial collapse, a former Jane Street trader recruited by Sam Bankman-Fried is locked in a legal battle over a disputed 2022 bonus.

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  Posted by u/ 11 months ago

Nana Murugesan Leaves Coinbase Amid Global Expansion Drive

The Vice president of international and business development, Nana Murugesan leaves Coinbase in the first quarter of next year.

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  Posted by u/ 11 months ago

Tim Scott drops out of 2024 presidential election days after GOP debate

Sen. Tim Scott announced on Sunday night that he is suspending his 2024 presidential campaign, less than a week after the third GOP primary debate.

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  Posted by u/ 11 months ago

A secret agent inside the Senate? The case against Robert Menendez

A new criminal charge against Senator Bob Menendez marks a further expansion of the Justice Department's work against foreign agent activity.

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  Posted by u/ 11 months ago

Here?s what Donald Trump Jr. said about his dad, family business in NY trial

Donald Trump Jr. defends father's 'incredible vision' while testifying in a New York fraud trial. 'He's an artist with real estate. He sees things other people don't.'

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