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The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings. Coinbase founder and CEO Brian Armstrongsaid in a tweetWednesday that new languagefound in its latest 10-Q filingis simply a new requirement of the U.S. Securities and Exchange Commission and that Coinbase is in no danger of bankruptcy. Armstrong...
Digital-asset analysts warned late last week that price-chart trends had turned bearish for the largest cryptocurrency. Bitcoin (BTC) fell to a three-month low Sunday, days after crypto analysts warned that price charts were sending bearish signals. The bitcoin price was around $34,500 as of press time, down 3.8% over the past 24 hours. BTC price has fallen for four straight...
Early customers of the financial services company's program are providing monthly bitcoin bonuses of between $50 and $100. Swan Bitcoin is targeting small businesses with its bitcoin benefits program. (Warren Little/Getty Images) Wilson Auto Group, Voltage, Compton Magic and Everbowl are trying to convince their workforces to embrace bitcoin through payouts of the cryptocurrency that are part of a unique...
The SEC commissioner has been wary of heavy-handed policing of digital assets. U.S. Securities and Exchange Commission (SEC) member Hester Peirce took to Twitter on Tuesday to voice her opposition to the addition of 20 new jobs on the regulatory agencyâs crypto enforcement squad. âThe SEC is a regulatory agency with an enforcement division, not an enforcement agency,â she tweeted...
The announcement follows a vote by the Wikimedia community in which 71.2% voted in favor of a proposal to stop accepting cryptocurrency. Wikimedia, the non-profit foundation that runs Wikipedia, has decided to stop accepting cryptocurrency donations following a three-month debate in which the environmental impact of bitcoin (BTC) was a major discussion point. The decision came in response to a...
Crypto firms eye the Middle East amid regulatory scrutiny from Singaporean officials. 3AC co-founder Su Zhu speaks at Crypto Bahamas. (Tracy Wang/CoinDesk) NASSAU, BAHAMAS â Crypto trading and venture capital firm Three Arrows Capital is moving its headquarters from Singapore to Dubai, United Arab Emirates. The planned move comes as Three Arrows Capital organizes its first-ever fund that would take...
The bill will impose a two-year moratorium on new crypto mining firms that use a carbon-based energy source. Existing facilities aren't affected, nor are any that tap renewable resources. Cryptocurrency mining rigs sit on racks. (James MacDonald/Bloomberg via Getty Images) The New York Assembly passed a bill to block new crypto mining facilities using non-renewable energy sources from setting up...
The majority of traders expect fresh Bitcoin price losses after a difficult end to the week, data suggests. The majority of traders expect fresh Bitcoin price losses after a difficult end to the week, data suggests. Bitcoin (BTC) consolidated under $40,000 on April 23 as market expectations favored further losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewâExtreme fearâ accompanies Bitcoinâs...
Rep. Huffman and other congressional Democrats wrote the EPA chief on the potential harm to the climate and environment. U.S. Rep. Jared Huffman (D-Calif.), who leads a subcommittee within the House of Representativesâ Natural Resources Committee, has recruited almost two dozen Democratic colleagues to urge federal environmental officials to devote further scrutiny to the consequences of cryptocurrency mining. âWe have...
The Teucrium fund gained the SEC's nod under laws that may apply to spot ETFs. The SEC has so far rejected or postponed decisions on all applications for a spot bitcoin ETF. (Bloomberg via Getty Images) The U.S. Securities and Exchange Commissionâsapproval in early April of a bitcoin futures exchange-traded fund (ETF) from Teucriumbased on different laws has given hope...
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