Helping you make wiser investment decisions


PwC Report Points to Banner Year for Crypto M&A and Fundraising Deals

COVID has not slowed crypto M&A. To wit, the value of industry acquisitions in the first half of 2020 has already surpassed that of full year 2019, according to a report released Thursday by PricewaterhouseCoopers (PwC).  Around $597 million was spent in 60 deals in the first half of 2020, compared to $481 million spent […]

Coinbase Chief Compliance Officer Departs Amid Wider Exodus

Coinbase’s chief compliance officer (CCO), Jeff Horowitz, is leaving the firm after two years. Source link

IMF, World Bank Plan Central Bank Digital Currency Rules

International financial authorities and 20 of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group of Twenty (G20) — an organization of finance ministers and central bank governors representing the European Union and 19 countries across every continent — said in a report today that it is […]

UK Crypto Derivatives Ban Seen Having Limited Effect on Small Market

The U.K. Financial Conduct Authority’s decision to ban individual investors from speculating on bitcoin and other cryptocurrencies is likely to have a minimal impact, partly because the market is so small, according to analysts and industry executives who track the trading business. Some U.K.-based brokerages that had offered the crypto derivative products to retail traders […]

Coinbase Senior Software Engineer Left This Week, Unclear if Departure Linked to New Policy

Andrei Anisimov, whose LinkedIn profile still describes him as a “Senior Software Engineer” at Coinbase, tweeted Saturday that this had been his last week at the cryptocurrency exchange. At press time it wasn’t clear whether Anisimov was one of the 60 people who accepted a severance package that was offered this week. Source link

Market Wrap: Bitcoin Tops $11.1K; Ether Traders Like $400 Options

Bitcoin is making gains Friday while ether options traders on the Deribit exchange love $400 strikes. Bitcoin (BTC) trading around $10,050 as of 20:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $10,834-$11,111 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading […]

Ripple Enters Lending With XRP Credit Lines to Fund Global Payments

Ripple, the payments startup with an IPO in the cards and a complex relationship with the XRP cryptocurrency, is branching out into lending. Source link

Over $26M Worth of Bitcoin Associated With 2016 Bitfinex Hack Is on the Move

The seven transactions involved in the movement of these funds on Wednesday were flagged by Twitter-based blockchain tracker bot Whale Alert. Source link

Japan’s LINE Starts Crypto Lending Service

LVC, the crypto exchange operator and blockchain business unit of LINE, is launching a service that allows users to lend crypto assets like bitcoin and ethereum to its exchange BITMAX. In return lenders will receive a rental fee, which is like the interest on a bank loan. Source link

Binance Alliance With Japanese Crypto Platform Abandoned

A potential partnership between Binance and TaoTao fell through, 10 months after first being revealed. Source link

Crypto Long & Short: Coinbase’s ‘Apolitical’ Stance Isn’t Nearly as Simple as It Sounds

As if the ructions of the year aren’t giving us enough cause to re-examine things we thought we understood, now we find ourselves questioning what a company is for, and what role it should occupy in society and in employees’ lives.  Earlier this week, Coinbase co-founder and CEO Brian Armstrong published a post in which […]

KuCoin CEO Says Suspects in $281M Hack Identified; Authorities on the Case

The CEO of the hacked South Korean crypto exchange says suspects in the hack have been identified. Source link