July 28, 2022

‘Big Short’ Investor Michael Burry Doubts SEC Has Resources or IQ to Investigate Crypto Listings on Coinbase Correctly – Regulation Bitcoin News

July 28, 2022 boss

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the U.S. Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase. Michael Burry on SEC Investigating Crypto Listings on Coinbase Famous investor and founder of investment firm Scion Asset Management, Michael Burry, briefly commented on the U.S. Securities and Exchange Commission (SEC) investigating crypto exchange Coinbase Tuesday. He is best known for being the first investor to foresee and profit from the U.S. subprime…

Crypto Companies Struggle With Layoffs but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike

July 28, 2022

Bitcoin was recently trading at about $22,900, up over 8% for the past 24 hours. The largest cryptocurrency by market capitalization has mostly lingered between $21,000 and $23,000 for much of the past 10 days. Ether was recently changing hands just above $1,600, up more than 15% over the same period. Other major cryptos spent much of Wednesday in the green, with ETC up more than 30% and UNI and AAVE each rising over 20%. Source

Law Commission of England and Wales Sees Crypto as a New Type of Property

July 28, 2022

The seemingly crypto-friendly proposal is aimed, in part, at helping the U.K. government’s goal of turning the country into a global crypto hub, the commission said in a statement. The commission’s proposals, however, would not apply in Scotland or Northern Ireland, which have their own legal systems. Source

UK Law Commission Sees Crypto as a New Type of Property

July 28, 2022

In the consultation paper, which invites views from legal and tech experts, the commission steers clear of cryptocurrencies that function simply as means of payment. Instead, it focuses on digital assets that can be traded, used to represent other assets or used as stores of value. Source

Pocket DAO Passes Two Key Proposals on Node Incentives – Press release Bitcoin News

July 28, 2022 boss

press release PRESS RELEASE. Pocket Network, a decentralized Web3 infrastructure provider that services blockchain data requests for applications and developers, is implementing key protocol changes after its community DAO voters rallied to boost network efficiency and bring costs down. As of late June, the Pocket DAO has passed two proposals with significant impacts on the incentive structure for nodes participating in Pocket Network’s protocol. Pocket’s protocol is serving approximately 1 billion RPC requests every day, and is on course towards a goal of supporting 100 blockchains before year-end. At the…

Why Cardano (ADA) May Breakout In A Bull Run To $1

July 28, 2022

Cardano (ADA) is one of the few digital assets that has managed to hold its own through the downtrend. The digital asset has garnered a healthy following of supporters and continues to grow in conditions where others are struggling. However, Cardano’s price is down significantly from its all-time high that it attained last year. Its price has now fallen below $0.5 but is there still hope to get back to $1? Climbing Back To $1 The price of Cardano (ADA) has been doing better than expected in the market, but…