The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols. Source
Kujira Foundation's Tokens Stung by Its Own Leveraged Positions as Bets Backfire
Category: ICO
Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin. Source
Social media and video sharing platforms put on notice over poor children’s privacy practices
We are calling on 11 social media and video sharing platforms to improve their children’s privacy practices. Where platforms do not comply with the law, they will face enforcement action. This follows our ongoing review of social media platforms (SMPs) and video sharing platforms (VSPs) as part of our Children’s Code Strategy. Our Tech Lab reviewed 34 SMPs and VSPs focusing on the process young people go through to sign-up for accounts. Varying levels of adherence to our Children’s code were found, with some platforms not doing enough to protect…
Kamala Harris Can't Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank
The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could “make a difference in key battleground states,” OMFIF wrote. Source
ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange's Earnings Report
Coinbase revenue beat Wall Street analysts’ expectations, while profit came in lower than the consensus. Source
Hong Kong’s Futu Launches Bitcoin (BTC), Ether (EH) Trading, Offers Alibaba (BABA), Nvidia (NVDA) Shares as Rewards: Report
Hong Kong investors who open accounts in August and deposit HK$10,000 ($1,280) in the next 60 days can receive either bitcoin worth HK$600, a HK$400 supermarket voucher or a single Alibaba share. Investors depositing $80,000 can choose either HK$1,000 in bitcoin or an Nvidia share, the report said. Source
Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos
Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market. Source
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed. Source
Bitcoin Miner Marathon’s (MARA) Share Price Tumbles After Revenue Unexpectedly Misses Wall Street’s Estimates
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Coinbase (COIN) Shares Rise After Q2 Revenue Beats Wall Street Estimates Amid Falling Trading Volume
The crypto exchange said its second quarter total revenue was $1.45 billion versus average estimate of about $1.4 billion, according to FactSet. However, the second quarter adjusted Ebitda of $596 million came in lower than the consensus of $607.7 million. Source