The House Committee on Financial Services heard from several chief executive officers at major crypto firms in the United States, some of whom seemed to present a united front in urging lawmakers to provide a clear regulatory framework for crypto. Speaking at a Wednesday hearing on Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial…
The Indian government has reportedly proposed banning the use of cryptocurrency for payments and setting a deadline for investors to declare their crypto holdings. Violators may be arrested without a warrant and held without bail. In addition, the crypto bill may call for a uniform know-your-customer (KYC) process for all crypto exchanges. Proposed Rules in Indian Crypto Bill As a…
Delivered by Alesia Haas, Coinbase Chief Financial Officer Chairwoman Waters, Ranking Member McHenry and Members of the Committee, good morning and thank you for this opportunity to testify on digital assets and the future of finance. My name is Alesia Haas and I am Chief Financial Officer of Coinbase Global Inc. I also serve in the role of Chief Executive Officer…
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. Sometimes a project’s name tells you all you need to know about it, no matter how niche. Take Kryptomon, for example, the NFT game…
During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days. $11 Billion Added to the Fiat-Pegged…
In brief The digital asset manager recently raised another $2.25 million in a strategic round of funding. The DAO says it will use this money to expand and ensure the long-term financial stability of the protocol. There are a few ways to invest in crypto: throwing darts, buying whatever coin Elon Musk tweets about that week, or snatching up tokens…
In brief Foundry’s new marketplace FoundryX wants to serve as an eBay for Bitcoin mining rigs. It is the latest expansion for Foundry, a DCG subsidiary that launched in 2020. Bitcoin mining has undergone a massive transformation in the last year as a crackdown in China has led much of the industry to relocate to North America. That’s one reason…
Foundry Digital LLC has launched a marketplace to match interested buyers and sellers of bitcoin mining machines, the company said in a statement sent to Bitcoin Magazine. FoundryX seeks to cut down waiting times and bureaucracy for U.S.-based buyers looking to acquire new rigs, ensuring timely delivery of mining rigs compared to the lengthy process necessary to import them from…
A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt directors to be dropped, must be accepted within seven days. A Better Offer A new mystery investor has offered to bail out the collapsed crypto investment outfit, Africrypt, with $5…
French crypto-friendly fintech startup Lydia has raised $100 million in a series C funding round, as per a report in TechCrunch. The latest capital raise reportedly helped Lydia attain unicorn status with a valuation of over $1 billion. The $100 million fundraise comes nearly a year after its series B funding round of $86 million in December 2020. The round…
