Category: ICO

Coinbase (COIN) Earnings Hurt by Low Crypto Volume But Trump Could be Wild Card, Analysts Say

However, the investment banking firm Oppenheimer (PT: $282, outperform ) added a bit of optimism, saying that the upcoming election could act as a positive catalyst for the stock. “Since our meetings with legislators in May, our thesis has been that Coinbase would benefit the most in our coverage if former President Donald Trump is re-elected. Recent events including Trump’s continuing to speak in Bitcoin conferences in-person only increase our confidence,” the firm’s analyst wrote. Source

Russia Legalizes Crypto Mining and Brings an Experimental Regime

“The Bank of Russia will be able to conduct not one, but three experiments from September 1 of this year: on the use of cryptocurrency for settlements in foreign trade, on the conduct of exchange trading in cryptocurrency, and on the creation of an electronic platform for operations with cryptocurrency based on the NPS,” a separate Ria Novosti report said. Source

Women in Crypto Earn More Than Men

But even controlling for experience, women still out-earn men in crypto. The authors suggest that a plausible explanation consistent with the data is that in crypto, women are “lindy.” To be lindy is to have overcome some hurdle which predicts your future success. This idea implies that women who have overcome hurdles in the crypto industry possess unobservable qualities like resilience and high competence, which, combined with their time in the industry, result in higher pay. Source

BitClout Founder Charged With Wire Fraud, Civil Securities Charge

“As alleged in our complaint, Al-Naji attempted to evade the federal securities laws and defraud the investing public, mistakenly believing that ‘being “fake” decentralized generally confuses regulators and deters them from going after you,’” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement in a press release. “He is obviously wrong: as we have shown time and again, and as reflected in the SEC’s detailed allegations here, we are guided by economic realities, not cosmetic labels. The dedicated staff of the SEC uncovered Al-Naji’s lies and will now…