Coinbase bankruptcy rules updated

Coinbase bankruptcy rules updated

After posting a huge earnings miss, here is the latest version of the Coinbase Terms of Service, the addition of text that included the following: “Custodially held crypto assets may be considered to be the property of a bankruptcy estate,...
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Some inadequate rescue plan for Terra crypto

Some inadequate rescue plan for Terra crypto

Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’. The Terra crypto Twitter account shared some points of Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA. The Terra rescue story...
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90% Of Nations Are Planning CBDCs

90% Of Nations Are Planning CBDCs

Digital currency is code for money the government can track and either withhold or augment depending on if the holder has acted in accordance with the government’s desires. A new report from the Bank of International Settlements estimates that up to 90%...
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Fidelity To Allow Bitcoin Investments In Retirement Plans

Fidelity To Allow Bitcoin Investments In Retirement Plans

“We fully expect that cryptocurrency is going to shape the way future generations think about investing for the near term and long term.” Investment giant Fidelity will reportedly enable its 23,000 business clients to offer Bitcoin accounts for their wor...
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Over $13 Million In ‘Bored Ape’ NFTs Stolen By Hackers

Over $13 Million In ‘Bored Ape’ NFTs Stolen By Hackers

“The hacker posted a fraudulent link to a copycat of the Bored Ape Yacht Club website…” Millions in ‘Bored Ape’ NFTs were stolen after hackers breached the Bored Ape Yacht Club NFT project, then advertised a fake distribution of...
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Russian tax authority proposes using crypto as a foreign trade payment tool

Russian tax authority proposes using crypto as a foreign trade payment tool

Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally. On April 20, loca...
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Former US Rep: China’s Digital Currency Is A Surveillance Tool

Former US Rep: China’s Digital Currency Is A Surveillance Tool

Beijing’s new digital currency is a tool that could prop up authoritarian regimes around the world, including China, and the Chinese paperless money could also undermine U.S. leadership in finance, warned a global finance professional. “This is a surveilla...
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Microsoft Looking To Hire ‘Head Of Crypto’

Microsoft Looking To Hire ‘Head Of Crypto’

Microsoft published a job opening looking for a director of crypto development. According to the posting, the software giant is looking for a business development director to assist the company in the field of cryptocurrencies and – most importantly &#8...
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Distribution of Bitcoin mining hashrate

Distribution of Bitcoin mining hashrate

Distribution of Bitcoin mining hashrate from September 2019 to April 2021, by country: Most Bitcoin mining occurred in China, according to IP addresses from so-called hashers that used certain Bitcoin mining pools in 2021. Likely this is connected to energy p...
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Bitcoin-Backed Bonds Are Coming To Wall Street

Bitcoin-Backed Bonds Are Coming To Wall Street

Goldman Sachs, and a handful of othe tier-one US banks, are figuring out how to use bitcoin as collateral for cash loans to institutions, according to three people familiar with the plans. Emulating tri-party repo type arrangements (a way of...
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Infrastructure Bill Could Sink American Crypto Industry

Infrastructure Bill Could Sink American Crypto Industry

For years, the threat of major regulation has been raised like a hammer, ready to smash the crypto industry. Now, the hammer is ready to drop in the unlikely form of a major infrastructure bill in the U.S. Senate. “This is not...
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EU plans to suffocate the crypto community

EU plans to suffocate the crypto community

The EU plans to suffocate the crypto community via a bureaucratic trick. On Tuesday, the European Commission revealed a proposal that would prohibit the use of “anonymous crypto asset wallets” as part of its fight on financial crimes. The proposal....
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Greenpeace to stop accepting Bitcoin donations

Greenpeace to stop accepting Bitcoin donations

Greenpeace to stop accepting Bitcoin donations over environmental concerns. roof of work is proof of burning,” is fast becoming the dominant view of Bitcoin (BTC) among those who are serious about tackling the climate crisis. The words are from a...
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Thiel-Backed Group Inject $10 Billion Into EOS DEX

Thiel-Backed Group Inject $10 Billion Into EOS DEX

Block.one, a blockchain platform whose long-time backers include billionaire VC Peter Thiel, is launching a crypto exchange that seeks to combine attributes of traditional bourses with the benefits of decentralized finance. The exchange – will will be kn...
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Goldman Sachs announces a new crypto trading team

Goldman Sachs announces a new crypto trading team

Goldman Sachs has informed employees of a new cryptocurrency trading desk. It is the first time the US bank has formally acknowledged involvement in crypto-trading. The crypto team will report to Goldman partner, Rajesh Venkataramani. Goldman Sachs formally a...
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