The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings. Source
Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Langauge Is SEC Requirement, CEO Armstrong Says
Month: May 2022
Elon Musk – Why $90,000 Bitcoin next week | I'm investing in Ethereum & Conference with ARK Invest
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining…
VeChain Foundation reports $1.2B crypto treasury… but spent just $4M in Q1
The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter. VeChain (VET) is a blockchain project designed to enhance supply chain management.. The Foundation’s May 10 financial report for Q1 2022 outlines its balance sheet as of March 31 and how it spent funds through the quarter. Although the treasury opened the year with $1.37 billion in assets between stablecoins, Bitcoin (BTC), Ether (ETH), and VET, it ended with…
New York digital media company the latest to add Bitcoin to balance sheet
Townsquare Media, a New York based digital marketing and radio station company is the latest business to back the original cryptocurrency with its addition of $5 million worth of Bitcoin (BTC) to its balance sheet. A filing with the Securities and Exchange Commission (SEC) disclosing Townsquare’s purchase of Bitcoin was first picked up by Macroscope, a Twitter account which focuses on institutional trading who posted the find on May 10. In an SEC filing today, Townsquare Media (NYSE: TSQ), based in New York, stated: “During the first quarter of 2022,…
Top Diamond Producer De Beers Deploys Blockchain-Based Platform at Scale – Blockchain Bitcoin News
De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store on a secure blockchain.” Immutable Record of a Diamond’s Provenance One of the world’s top diamond miners, De Beers, recently said it had deployed a blockchain-based diamond source platform at scale. The platform, which is known as Tracr, gives the so-called sightholders the ability “to provide an immutable record of a diamond’s provenance, and…
Home Mining Bitcoin (For The Streets) – Bitcoin 2022 Conference
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Home Mining Bitcoin (For The Streets) – Bitcoin 2022 Conference Powered by Bitdeer: With Matt Odell, Econoalchemist, Diverter, Jonathan Yuan, John Stefanopoulos #bitcoin #bitcoin2022 #bitcoinmagazine #bitcoinmining #opensource ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Bitcoin Struggles Below $32K, Why Downtrend Could Resume
Bitcoin attempted a recovery wave above $32,000 against the US Dollar. BTC is struggling and remains at a risk of more losses below $30,000. Bitcoin started a short-term recovery wave after it tested the $30,000 zone. The price is now trading below $31,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $31,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might resume decline if it stays below the $32,400 resistance zone. Bitcoin Price Faces…
Why haven’t more DeFi protocols followed suit?
Crypto derivatives trading platform dYdX has officially launched an app via Apple’s iOS store, joining just a select number of fellow decentralized finance (DeFi) protocols that have built apps for smartphone adoption. According to a May 10 announcement, dYdX’s app is now ready for use, with the project noting that more than 200,000 people had already signed up for the beta before the full launch. The app offers gas-free deposits and trading, and will provide the same functionality as the web version. “The app offers the same functionality and unparalleled…
What's Going on With Cryptocurrency Market?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This weekend we saw some interesting price action. We watched Ripple and Binance coin along with Doge steal the show. Ethereum reached an all time high and Bitcoin just couldn’t get over the hump. But we also watched several low cap coins really get drained out of value. We also talk Crypto news including the Coinbase IPO. Sign up for blockFi: Follow on Twitter: Follow me over on Hyprr Sign up for Binance US: Watch Our Free Crypto For Beginners Course: #Bitcoin…
UK Outlines Plans to Support Crypto Adoption, Create More Powers to Seize and Recover Digital Assets – Regulation Bitcoin News
Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover crypto assets.” UK Government Plans to Support Crypto Adoption The U.K. government outlined its legislative agenda for the next parliamentary year in the Queen’s Speech delivered Tuesday by Prince Charles, the monarch’s son and first in line to the throne. The Queen’s Speech is written by the government and read out by the monarch as part of the official state opening…