The Canadian operations of Big Four auditor Klynveld Peat Marwick Goerdeler, or KPMG, may have a role to play in institutions entering the crypto space, according to two team members. Speaking to Cointelegraph at the Collision conference in Toronto on Tuesday, Kareem Sadek and Kunal Bhasin of KPMG Canada’s crypto assets and blockchain services team said the company had added Bitcoin (BTC) and Ether (ETH) to its balance sheet to show others it “had skin in the game.” According to Sadek, holding digital assets was just the first step moving…
Day: June 22, 2022
Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse – Bitcoin News
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation TPS Capital pitched a GBTC arbitrage opportunity before the company reportedly failed to meet margin calls. 3AC Co-Founder Says ‘Terra-Luna Situation Caught Us Very Much off Guard’ — FTX CEO Sam Bankman-Fried Insists Problems Like 3AC Couldn’t Have Happened With an Onchain Protocol Before June 14,…
Ethereum On-Chain Analysis: Supply Count Statistics
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io It is time to put back on our #Ethereum on-chain analysis hat! In this video, we investigate supply count statistics. Specifically, we discuss the total amount of #Ethereum held by wallets holding between certain amounts of #Ethereum. Do remember that on-chain analysis does not capture everything, but hopefully can provide a bit more insight than just relying on price charts. What do you think of this on-chain analysis on #Ethereum? Let me know in the comments! Premium List SALE: LIFETIME OPTION: Alternative…
Ontario Securities Commission Slaps Bybit and KuCoin With Enforcement Actions
Unlike Bybit, KuCoin is accused of being uncooperative with the OSC’s investigation. As a result, the Seychelles-based exchange has been permanently banned from participating in Ontario’s capital markets. The OSC also hit the exchange with a C$2 million ($1.5 million) fine, as well as nearly C$100,000 ($77,000) in investigation-related costs. Source
Coinbase Phasing Out ‘Pro’ Exchange for ‘Advanced’ Mode in Main App
Other than accessibility, however, the change appears to have little functional impact on trading on Coinbase. Advanced Trade mirrors Pro in fee structure and trade execution, as it interacts directly with the Coinbase exchange order book, the blog post said. Source
Voyager enters into $500M loan agreement with Alameda amid 3AC exposure
Trading platform Voyager Digital takes a loan from trading firm Alameda Research because of its exposure to crypto venture capital firm Three Arrows Capital (3AC). In a press release by Voyager Digital, the firm announced that it has borrowed 15,000 Bitcoin (BTC) from Alameda to cover the losses that came from its exposure to the 3AC contagion. Voyager also noted that the company might issue a notice of default to 3AC if they fail to pay its loans from Voyager. The firm revealed that 3AC owes the Voyager 15,250 BTC…
Coinbase Updates and Redesigns Mobile Wallet to Add Dapp Browser to Stay Ahead of Competition
Popular cryptocurrency exchange Coinbase (COIN) has redesigned its mobile wallet to include a browser that can search for decentralized finance (DeFi) protocols, games, NFTs, and transact on the company’s system. With this new upgrade, top decentralized apps (Dapp) are suggested on the browser’s homepage, giving users the opportunity to perform token swaps via a couple of clicks. A demo released by Coinbase Wallet’s Twitter address on Tuesday told users that the new features are already available on Coinbase’s web browser extensions. Adding this new feature may help Coinbase increase its…
India Clarifies Rules for Controversial Tax Provision Ahead of Start Date
The 1% TDS liability – which will take effect on July 1 – is the most controversial provision of India’s recently introduced crypto tax law, with the industry even exploring a legal challenge. Another provision, which enforces a 30% capital gains tax on all transactions, took effect on April 1. Source
Catar está en la “etapa inicial” de una CBDC, dice gobernador del banco central
“Estamos evaluando los pros y contras de emitir una CBDC, y buscando la tecnología y plataforma correctas para hacerlo”, dijo el funcionario en el Economic Forum de Catar. Actualmente, la moneda del país, el riyal, está vinculada al dólar estadounidense. Source
TERRA LUNA COLLAPSE & COINBASE: IF BANKRUPT, YOU LOSE
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io MACRO MARKET ANALYSIS VIDEOS EVERYDAY SINCE 2018. I don’t sell anything. I don’t have any programs for you to join. I will not message you on any platform. I’m not shilling anything. I post videos with my analysis of the global crypto and finance markets. MY ONLY OFFICIAL ACCOUNTS: Twitter: Telegram CHAT: ************* JOIN GEMINI CRYPTO EXCHANGE: Using my link, get FREE Bitcoin after $100 purchase: Join COINBASE Cryptocurrency Exchange Using my link, get FREE Bitcoin after $100 purchase: Buy a LEDGER…