SEC Chair Gensler urges to bring crypto operations back to the US as firms return home
Crypto firms are starting to make their way back to the US, as their leaders are noticing a friendlier regulatory environment and a shift towards growth within the country. On Thursday, during a speech at the American First Policy Institute, SEC Chairman Paul Atkins emphasized the need to attract crypto businesses back to the US. […]
Bitcoin Falls, Coinbase Shares Decline as Friday’s Market Struggles Affect Crypto
Crypto Market Retreats on Friday On Friday, Bitcoin and various crypto stocks experienced a decline. This downturn follows a complex mix of news and data affecting the overall market. As a result, there seems to be growing reluctance around crypto-related investments. Coinbase Global published its quarterly results late Thursday, which unfortunately fell short of revenue […]
Coinbase’s $1.5 billion revenue indicates decreasing volume amid the ongoing competition in the crypto superapp market.
Coinbase Faces Challenges Amid Rising Competition Coinbase recently reported a significant dip in its quarterly revenue, reflecting the fierce competition in the crypto market. The largest US cryptocurrency exchange announced earnings of $1.5 billion, which is a 25% decrease compared to the previous quarter and about 6% below what analysts had expected. Consequently, their shares […]
Bitcoin Declines and Coinbase Shares Fall as Market Troubles Affect Crypto
Cryptocurrency Market Update The current market seems to be dealing with a mix of good and bad news, resulting in a somewhat turbulent end to the week. There’s a noticeable hesitance around crypto investments, which is interesting, to say the least. Coinbase Global’s stock took a hit recently, dropping 17% after their quarterly earnings report […]
A police officer took 50 BTC from a confiscated crypto wallet and was discovered.
How did the police officer become a thief? In a significant breach of trust within UK law enforcement, Paul Chawls, an officer of the National Crime Agency (NCA), embezzled 50 Bitcoin (BTC) from a seized wallet associated with Thomas White, the operator of Silk Road 2.0. The theft took place in 2017 when the value […]
UK regulator allows retail investors to access crypto ETNs again
The UK Financial Conduct Authority (FCA) has removed the ban on retail access to cryptocurrency exchange-traded notes (CETNs). Starting October 8th, UK businesses will be able to offer CETN to retail consumers, marking a significant regulatory change as announced by the FCA on Friday. This shift comes after the FCA had previously prohibited the sale […]
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 […]