Coinbase shares decline as reduced crypto volatility slows down trading activity.
Coinbase Stock Experiences Significant Drop Coinbase’s stock saw a steep decline of 14%, marking the most substantial drop in intraday trading since April. This downturn follows a disappointing quarterly earnings report, which was affected by reduced trading volumes. For the second quarter, the company’s revenues climbed 3.3% year-on-year to reach $1.5 billion, falling short of […]
Crypto thefts exceed $142 million in July, with CoinDCX facing the biggest losses
In July, at least $142 million was siphoned off in 17 different attacks within the crypto space. This marks a 27% increase in monthly losses compared to June, which had recorded $111 million in losses, as reported by blockchain security company Peckshield. Yet, this figure is still significantly lower—46% down, in fact—from the $266 million […]
Fake ads in Facebook crypto scams are spreading harmful malware to users.
Facebook’s true value isn’t just in its social media features; it heavily relies on the user data it gathers. The company capitalizes on this data to generate significant income, primarily by selling it to advertisers who aim to entice us with various products. To be honest, while advertising can sometimes benefit small businesses by connecting […]
SEC ruling on crypto ETFs offers a structural solution, not a change for retail investors, say analysts
Analysts believe the recent SEC decision to allow Crypto ETF issuers to directly exchange fund shares with Crypto ETF assets is more of a structural improvement rather than a major shift for retail investors. Eric Baltunas from Bloomberg referred to this change as a “piping fix,” emphasizing that it still doesn’t allow everyday investors to […]
SEC launches ‘Project Crypto’ to integrate U.S. financial markets with blockchain technology
SEC Launches Project Crypto for Enhanced Regulations On Thursday, the Securities and Exchange Commission (SEC) unveiled Project Crypto, an initiative aimed at updating securities rules to better accommodate cryptocurrency transactions. SEC Chair Paul Atkins emphasized the need for these changes, stating, “To fulfill President Trump’s vision of making America the world’s capital, we need to […]
Crypto enthusiast released on $1 million bond after shocking NYC kidnapping and torture incident
Cicton Brother Released After Two Months in Jail One of the Cicton brothers, who faces charges related to the harassment of an Italian billionaire in Manhattan, was released on bail after spending two months in jail. John Watts, 37, was let go from Rikers Island recently after a Manhattan judge approved his release on a […]
Crypto report from the White House offers mixed outcomes for Bitcoin supporters
White House Crypto Report Lacks Concrete Bitcoin Reserve Plans The White House has unveiled its long-anticipated report on cryptocurrency, which offers a range of policy recommendations. However, it notably excludes any mention of Bitcoin (BTC) reserves. In the document, there are insights into various aspects of the crypto landscape, addressing issues like banking policies, stablecoins, […]
US Exchanges Request SEC to Review Rule Change for Faster Crypto ETFs
Simply put The suggested rule changes would facilitate the automatic approval of certain cryptographic ETFs. If these changes go through, it could lead to a quicker launch of AltCoin-based ETFs. Nonetheless, there are concerns that this proposal might serve “regulatory support that could promote private interests.” Two prominent US exchanges have requested the Securities and […]
Three Trending Stocks Are Increasing Their Crypto Reserves. Should You Buy, Sell, or Hold Them Now?
Crypto Investments Gaining Traction Michael Saylor’s strategy with MicroStrategy is no longer the only notable approach to accumulating Bitcoin and other cryptocurrencies. A growing number of companies are diving into the world of Crypto Treasury. Initially, shareholders were apprehensive about these crypto investments, but as returns continue to shine, many are now feeling quite satisfied. […]
Cboe and NYSE Arca seek to simplify crypto ETF listings by requesting a change in SEC rules.
CBOE Proposes Framework for Crypto Fund Listings The Chicago Board Options Exchange (CBOE) is considering a request for a rule change with the Securities and Exchange Commission (SEC). This change would allow crypto fund issuers to list their products under a single framework, potentially bypassing the need for separate approvals for each new fund. ETF […]