“The Company has received investigative subpoenas and requests from the SEC for documents and information about certain customer programs, operations, and existing and intended future products, including the Company’s processes for listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products,” Coinbase said in the disclosure. Source
Day: August 10, 2022
Aggressive Rate Hikes Still Necessary, Say Fed’s Evans and Kashkari
“I expect that we will be increasing rates the rest of this year and into next year to make sure inflation gets back to our 2% objective,” Evans said during an event hosted by Drake University in Des Moines, Iowa, on Wednesday. While inflation did slow a bit, the pace remains at an “unacceptable high,” he added. Source
Bye-bye Brokers: EU Tries Stock Trading, the Web3 Way
A new European trial of blockchain-based securities trading is a “very good thing” for crypto fans, CoinDesk was told – but some worry it’s overcautious and rigid. Source
Market Wrap: US Inflation Slows, Crypto Markets Accelerate
BTC jumps sharply on CPI news before moderating. Source
SBI Group reports investee getting CFTC approval for OTC derivatives trading in US
The United States subsidiary of electronic trading platform developer Clear Markets has reportedly received approval from the Commodity Futures Trading Commission, or CFTC, to offer over-the-counter crypto derivatives products with physical settlement. In a Tuesday notice, SBI Holdings — a stakeholder of Clear Markets — said the CFTC had approved the U.S. subsidiary operating a Swap Execution Facility, in which it plans to offer derivatives trading for U.S. dollar and Bitcoin (BTC) pairs. The Japan-based financial services company said its market maker planned to expand its trading partners in the…
Ethereum’s Move From Proof-of-Work Essential for the Network, Crypto Exec Says
Brian Norton, chief operations officer of MyEtherWallet, joined CoinDesk TV’s “First Mover,” to discuss the blockchain’s upcoming software update. Source
El Salvador Bitcoin mining farm. Green crypto mining with geothermal volcanic energy
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Directly from volcanic geothermal Bitcoin mining farm in El Salvador. Bitcoin city announced by Nayib Bukele will use green energy from this power plant. This crypto mining farm belongs to the government of El Salvador which implemented BTC as a legal tender. Use WhiteCrypto promo code to get a 5% discount for immersion cooling mining installations. Website: Article about immersion cooling: Earn $25 bonus by signing up to crypto.com exchange: Trade Bitcoin on Binance: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io…
$475M in Bitcoin options expire this week — Are bulls or bears poised to win?
Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug. 12 might be a game changer for bulls. Considering the current regulatory pressures in play, there seems to be a good enough rationale for avoiding bullish bets, especially after the U.S. Securities and Exchange Commission pressed charges against a former Coinbase manager for illegal…
Table Tennis Goes Crypto with Plans for NFT, Web3 Crossovers
The governing body that oversees table tennis is working with crypto startup NFT Tech to create new fan experiences. Source
Vinteum, un centro de investigación y desarrollo de Bitcoin, abrió sus puertas en Brasil
El lanzamiento de la organización sin fines de lucro tiene como objetivo apoyar a los desarrolladores en América Latina. Original