Bitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during today’s session. Solana was also in the red, trading nearly 15% lower today. Bitcoin Following Wednesday’s drop in prices, BTC/USD declined for the second consecutive session, trading 5.25% lower as of writing. This selloff saw prices hit an intraday low of $36,375.54, following a high…
Stablecoin operator TrustToken has launched a new lending marketplace that allows asset managers to create their own decentralized finance products, potentially opening the door to wider mainstream adoption of DeFi solutions. The new lending marketplace, which is offered on unsecured lending protocol TrueFi, gives independent financial institutions the ability to design, launch and fund new investment products. Asset managers also…
In brief Paxos, which handles PayPal’s crypto operations, is adding support for four new assets to its wallet tools. The company also added former Square lawyer Ben Gray. Paxos, which supplies services to PayPal and big banks, announced a series of measures on Thursday that could turbocharge DeFi, while also cementing the company’s role as a behind-the-scenes crypto powerhouse. Most…
A bipartisan bill introduced Thursday would exempt bitcoin transactions from tax obligations if the associated capital gains are $200 or less, seeking to incentivize the digital currency’s usage as a medium of exchange in the U.S. economy. Currently, any gain obtained from the sale of cryptocurrency must be reported as a taxable income regardless of the size or purpose of…
You can now independently verify that the bitcoin and ether balances you hold on Kraken are backed by real assets secured by our global exchange. That’s because today we are releasing the results of our most recent Proof of Reserves audit, an advanced cryptographic accounting procedure we aim to conduct semi-annually in the years ahead with the help of one…
Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase shares have dropped by close to half that value and today, COIN is swapping for more than 45% lower at $187 per unit. Coinbase Follows Bitcoin With Shares Down 45%…
Crypto-focused enterprise payment platform Tribal Credit has raised $60 million in an oversubscribed investment round, putting the company on track to continue its expansion in Latin America — a region that has seen significant uptake of blockchain-based cross-border payments. The Series B investment round was led by SoftBank Latin America Fund, a venture fund that has invested in several fintech…
Multinational entertainment company Disney is looking for prospective candidates who understand the burgeoning non-fungible token (NFT) industry. A total of four jobs on the company’s careers website mention NFTs. These positions are; Director, Sales & Digital Marketing; Culture Trend Marketing Manager; Manager, Business Development; and ESPN Business Development & Innovation. The first of these job openings looks for a candidate…
Solana (SOL), one of the most active proof-of-stake (PoS) blockchains, appears to be a PoS protocol consuming the lowest amount of electricity per transaction, according to a new report. The Crypto Carbon Ratings Institute (CCRI), a research startup focused on the environmental impact of cryptocurrencies, released on Wednesday a new report calculating the electricity consumption and carbon footprint of major…
Yuga Labs, the startup behind the popular Bored Ape Yacht Club NFT collection, is in financing talks with Andreessen Horowitz, according to the Financial Times. Yuga Labs is reportedly seeking to sell a multimillion-dollar stake in what would be a new funding round. According to people described as having “knowledge of the discussions,” the terms are subject to changes, and…
