▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase Global Inc. is facing scrutiny form the US Securities and Exchange Commission into whether it improperly let Americans trade digital assets that should have been registered as securities. Joe Mathieu reports on Bloomberg Television. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Supported by Senators Pat Toomey (R-Pa,) Mark Warner (D-Va.), Cynthia Lummis (R-Wyo.), Kyrsten Sinema (D-Ariz.) and Rob Portman (R-Ohio), the bill would exclude miners or other node operators and wallet manufacturers from the definition of a “broker” in a 2021 infrastructure law that imposed new tax reporting requirements on those facilitating crypto transactions. Source
Meanwhile, Le said investors shouldn’t expect any surprises in strategy. On the company’s earnings call late Tuesday, Le said that he’s been aligned with Saylor on the enterprise and bitcoin strategy throughout their time together. The changes, he said, will free up time for him to run the company. “I would sort of see this as a business as usual transition,” Le told analysts. Source CEOExitsMichaelMicroStrategyRoleSaylorSharesSurge CryptoX Portal
The New York Department of Financial Services, or NYDFS, has fined Robinhood’s cryptocurrency arm $30 million for suspected anti-money laundering violations, cybersecurity, and consumer protection regulations. NYDFS Superintendent Adrienne Harris announced on Tuesday that Robinhood Crypto would pay a $30 million penalty to the state “for major violations in the areas of bank secrecy act/anti-money laundering responsibilities” and cybersecurity issues that allegedly breached New York regulations. Robinhood’s crypto subsidiary, according to Harris, will also be compelled to employ an independent consultant to examine the firm’s compliance and rehabilitation activities. …
Ishan Wahi and two associates are accused of making as much as $1.5 million from sharing information about Coinbase’s plans to list new tokens. Source
Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility. In a Wednesday announcement, Riot said its miners had produced 318 Bitcoin in July, more than 28% less than the 443 BTC the firm reported generating in July 2021. According to Riot CEO Jason Les, the firm curtailed operations by 11,717 megawatt-hours in July in response to increasing demand on Texas’ energy grid. Many parts of the Lone Star State experienced several days with temperatures…
As many areas around cryptocurrencies have grown, crypto gambling has become more popular. Now, you can choose from numerous sites offering casino games and sports betting with this digital money. Crypto casinos offer a similar game selection as FIAT casinos. Plus, you can take advantage of unique features, bonuses, and original games. There are several reasons to venture into crypto gambling sites. Stablecoins Gambling Have you invested in bitcoin a long time ago? Then, you’re probably familiar with the high price volatility of crypto markets. Gambling with cryptocurrencies? The price…
Meanwhile, Le said investors shouldn’t expect any surprises in strategy. On the company’s earnings call late Tuesday, Le said he has been aligned with Saylor on the enterprise and bitcoin strategy throughout their time together. The changes, he said, will free up time for him to run the company. “I would sort of see this as a business-as-usual transition,” Le told analysts. Source
Avalanche (AVAX) struggles to hold above key support that will set the tone for a rally to the $40 mark region anticipated by many. The price of Bitcoin (BTC) saw a retracement as it could not break and hold above important support that corresponds with the daily 50 exponential moving average (EMA). BTC’s unable to hold that region has led to AVAX struggles to form good support. Avax Weekly Chart Analysis Avax Weekly Chart Analysis | Source: AVAXUSDT On Tradingview.com The weekly chart for Avax shows a downtrend reversal to…
Cardano (ADA) price according to CoinMarketCap registered a jump of 3.96% or $0.5148 as of this writing. CoinMarketCap hourly chart shows how ADA trades midway slicing in between the support zone of $0.4899 and the $0.5035 resistance level. In addition, ADA’s average transaction value is now 0. As of press time, the 8th largest coin in terms of market cap is in the gray or neutral area which means the coin is neither bullish nor bearish. TradingView’s daily chart on the ADA/USD price shows that it was able to…