The ongoing legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) is heating up as the regulator pushes back at giving the crypto exchange access to the personal emails of SEC Chair Gary Gensler. Coinbase argues that Gensler’s emails could contain pivotal information related to the SEC’s stance on crypto regulations, which...
Global crypto exchange behemoth Binance is reportedly facing goods and service tax (GST) issues in India, according to sources. The zonal unit of the Directorate General of GST Intelligence (DGGI) of Ahmedabad, has issued a show cause letter to the exchange demanding 7.22 billion rupees ($86 million) under GST. The move is aimed at regulating...
Crypto asset manager CoinShares, reported positive financial results for the second quarter of 2024, showing a significant increase in revenue despite facing challenges including the FlowBank bankruptcy. CoinShares reports combined revenue, gains, and other income for the quarter stood at £37.6 million ($47.9 million) a huge increase from £18.9 million ($24 million) in Q2 2023....
Minnesota Governor Tim Walz will join the Democratic ticket as Kamala Harris’s running mate in the 2024 presidential election, multiple news outlets reported Tuesday. Kamala Harris Taps Minnesota Gov. Tim Walz As Running Mate Speaking with two sources familiar with the matter, The Hill journalists Amie Parnes and Brandon Conradis noted that Walz’s popularity increased...
The European Securities and Markets Authority (ESMA), the EU financial and crypto markets watchdog, is seeking industry feedback on whether the UCITS funds investment market should be expanded to include crypto. Should crypto-asset exposure be added to a €12 trillion investment product market in the EU? Experts have until tomorrow (August 7) to provide feedback...
David Plouffe, adviser to former President Barack Obama with crypto expertise, is set to join Kamala Harris’ campaign team as a senior adviser. According to a report by Politico, Plouffe was the top adviser to Obama and will be one of the most senior in the current Vice President Harris’ team. He managed Obama’s 2008...
The US employment rate unexpectedly jumped to 4.3% from 4.1% in July, triggering a sharp drop in risk assets on Friday. This caused the Bitcoin price to plunge briefly below $63,000 as US recession fears rose. After briefly falling to $62,300, the Bitcoin price recovered to $63,000 as US equity markets reeled. The weaker-than-expected headline...
Morgan Stanley will allow its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs) to eligible clients, marking a first for major Wall Street banks. According to a report by CNBC, starting August 7, Morgan Stanley’s 15,000 financial advisors can solicit clients to purchase shares of BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin...
Bitfarms, a global vertically integrated Bitcoin mining company, has reported a 34% month-on-month (MoM) increase in earnings in its recent production report. The increase is primarily attributed to recent fleet upgrades and expansion. Bitfarms CEO Ben Gagnon said that the company has earned 62% more Bitcoin since the Bitcoin halving event in April. Bitfarms’ 109%...
VanEck CEO Jan Van Eck forecasts that Bitcoin could reach up to $2.9m by 2050. During an appearance on “The Claman Countdown” on Thursday, Van Eck mentioned that Bitcoin is maturing and predicted it will eventually equal half of gold’s total market cap. Based on gold’s current market cap, this prediction would place Bitcoin’s value...