Coinbase’s fourth-quarter revenue beat estimates, with the exchange reporting revenue of $604.9 million compared to the $589 million FactSet estimate. Although ahead of expectations, full ...
Tag: people
How do rich people avoid taxes? Wealthy Americans skirt $160 billion a year in tax payment
More than $160 billion in tax revenue is lost every year because the top 1% finds ways to avoid paying “their fair share,” according to academic research cited by the Treasury Department. What tactics...
Coinbase inches higher ahead of earnings as Silvergate slips after downgrade
Coinbase climbed higher shortly after the open today, while Silvergate and other crypto-related stocks dipped. Shares in the crypto exchange traded up by 1% to about $66 by 10:45 a.m. EST, acco...
Bitcoin slips as altcoins lead drop in prices
Markets • February 21, 2023, 8:31AM EST Cryptocurrency prices dipped over the past 24 hours. Altcoins experienced a sharp sell-off, with Polygon’s MATIC down about 5% as the project announced jo...
If People Are Round And Policies Are Square, How Can They Fit Together?
getty I worked for years as an engineer. It was my job to think logically and at scale. Working in this way requires processes to be uniform—when x happens, y is the result. You don’t have to be an en...
Composable Finance CTO exits citing ‘unethical management’
Composable Finance Chief Technology Officer Karel Kubat said he is leaving the company over a lack of transparency and what the now-former executive called “suspicious transactions.”“I, Karel Kubat, a...
Fund manager Daniel Cheung suing over lost funds
People • February 20, 2023, 1:10PM EST Syncracy Capital Co-Founder Daniel Cheung has filed a lawsuit alleging he was scammed out of nearly one million dollars. In a lawsuit filed in the U.S. District ...
Blockchain Network for the People by the People.
Blockchain Technology has revolutionized the way we think about transactions, decentralization, and security. One of the most compelling aspects of this technology is the ability to build trust and tr...
Charles Hoskinson Shares a Tweet on Why People Want to Blacklist US
Charles Hoskinson retweeted a tweet on the Illinois Senate bill. The Senate bill is likely to kill the cryptocurrency industry in the US. It could also drive out blockchain users, node operators, mine...
No, Bitcoin (BTC) Not Controlled by Five People: CoinShares Debunks Toxic Narrative
Vladislav Sopov Wall Street Journal releases alarmist article following Wladimir van der Laan stepping down from Bitcoin Core lead maintainer’s role Contents CoinShares head of research slams mi...
Economic forecasts are getting revised up, and people aren’t thrilled about it
This post was originally published on TKer.co Stocks inched lower, with the S&P 500 declining 0.3% last week. The index is now up 6.2% year to date, up 14% from its October 12 closing low of 3,577...
U.S. investigation into Do Kwon and his infamous stablecoin unveils several new revelations
The collapse of supposed stablecoin TerraUSD last May wiped out more than $40 billion of market value held by investors who bought into the story that creator Do Hyeong Kwon and his firm Terraform Lab...
Merit Peak, firm at heart of Reuters report, operated on Binance.US, exchange admits
Binance.US, the U.S. affiliate of the world’s largest crypto exchange, acknowledged that a market making firm called Merit Peak, which is alleged to have secretly received $400 million from the exchan...
TrueFi token clocks triple digit gain as Binance mints TUSD stablecoin
DeFi lender TrueFi’s token, TRU, jumped over 140% shortly after Binance minted $50 million worth of the TrueUSD stablecoin. Binance minted 49.99 million TRU at around 10 a.m. EST today, ...
Binance transferred $400 million from U.S. partner to Zhao-run firm, Reuters says
Binance secretly had access to a bank account of its U.S.-based partner and transferred more than $400 million from that account to a trading firm managed by Chief Executive Officer Changpeng Zhao, Re...
Bitcoin reaches $25,000, its highest price since June
DeFi • February 16, 2023, 11:21AM EST Bitcoin was trading at $25,108 by 11 a.m. EST, up 3.1% over the past day, according to TradingView data. That’s its highest price since June 2022. ...
Bitcoin holds firm above $24,000, with crypto prices buoyant as stocks dips
Markets • February 16, 2023, 10:22AM EST Crypto prices continue to climb higher, with bitcoin firmly above $24,000. Equities linked to cryptocurrency and blockchain technology traded down. Bitc...
Paul Krugman: People Are Flocking to Gold More Than BTC
According to Nobel Prize-winning economist Paul Krugman, there are many people out there likely getting rid of their crypto and trading it in for gold. Paul Krugman Thinks Gold Is Outdoing BTC The las...
Bitcoin price reaches 6-month high above $24,000
Markets • February 15, 2023, 6:02PM EST Bitcoin reached its highest point since Aug. 17, and its drawdown in 2022 might have something to do with it. The leading cryptocurrency by market cap wa...
Silvergate hurtles back above $20 with crypto stocks in the green across the board
Markets • February 15, 2023, 5:10PM EST Crypto-related stocks soared in trading on Wall Street today. Silvergate, Coinbase, and MicroStrategy led the way with double-digit gains. Silvergate rose...
Gensler opens new regulatory front for crypto firms: custody
SEC Chair Gary Gensler signaled an escalation to his post-FTX crackdown on the crypto industry on Wednesday, saying that digital asset firms are in broad violation of current custodial rules meant to ...
Crypto markets rebound as Silvergate soars 16% on Citadel Securities, Susquehanna stakes
Cryptocurrency prices rebounded after yesterday’s decline, when the New York Department of Financial Services announced it will pursue regulatory action against stablecoin provider Paxos. ...
Bad Economic Policies Are One Reason People Are Leaving Blue States
Oct 26, 2019 Mountain View / CA / USA – Semi truck towing an U-Haul cargo trailer, on a freeway in … [+] San Francisco bay area; U-Haul is an American moving equipment and storage rental c...
SEC action against Paxos paints regulatory target on stablecoins
Stablecoins look to be the next part of the crypto ecosystem facing a regulatory crackdown. The U.S. Securities and Exchange Commission has issued notice to crypto infrastructure provider Paxos...
Crypto markets wrought ahead of US inflation data as regulatory issues steal focus
Crypto markets were roiled by the SEC last week, and now there’s even more uncertainty after the New York Department of Financial Services ordered Paxos to stop issuing BUSD. Next up is U.S. inf...
Binance’s BNB drops 6% on latest US regulatory moves; bitcoin off lows but still down
Cryptocurrency prices were once again driven lower by regulatory developments, with Paxos and the New York Department of Financial Services going toe to toe and Binance suffering the consequences. &#...