COIN shares have dropped in after-hours trading as the crypto exchange missed earnings estimates, blaming “softer market conditions.” Shares of Coinbase Global Inc (COIN) dropped nearly 3.7% in after-hours trading as its third-quarter 2024 results for earnings and revenue came in below Wall Street estimates, with the crypto exchange blaming “softer market conditions.” Coinbase’s Q3...Continue Reading

CEO Brian Armstrong also announced an additional $25 million contribution to the Fairshake PAC for the 2026 midterms “to elect pro-crypto candidates.”  Cryptocurrency exchange Coinbase, one of the biggest partners of the political action committee (PAC) Fairshake and the Stand With Crypto political initiative, said it was optimistic about pro-crypto legislation going into a new...Continue Reading

The National Bank’s latest project again shows the advantages of programmable central bank digital currency. Kazakhstan has launched a new pilot project with its central bank digital currency (CBDC) to showcase its programmability. Working with the Ministry of Finance, the National Bank of Kazakhstan (NBK) demonstrated a significant improvement in value-added tax (VAT) reimbursement processing....Continue Reading

According to Paradigm, 20% of individuals surveyed indicated that they currently hold or have previously purchased crypto. An October 2024 poll from venture capital firm Paradigm revealed that 5% of respondents indicated they were single-issue crypto voters in the United States presidential election. The results suggest that the voting bloc has the power to swing...Continue Reading

The bulk of Reddit’s cryptocurrency sales came from Bitcoin and Ether holdings, with the company reporting that gains from transactions were insignificant.  Social media network Reddit has sold the majority of its cryptocurrency holdings in the third quarter of 2024, according to a recent filing with the Securities and Exchange Commission (SEC). The majority of...Continue Reading

As centralized US dollar-pegged stablecoins continue to gain popularity, the potential for regulatory capture has grown. The potential risks of overcollateralized stablecoins have recently come into sharper focus. Michael Egorov, the founder of the decentralized borrowing and lending platform Curve Finance, explained that these risks are not necessarily the reserve-related risks commonly noted by investors,...Continue Reading

Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs  Bitcoin (BTC) surged 9.7% from Oct. 27 to Oct. 29, reaching a peak of $73,575, before paring gains to retest the $71,500 level on Oct. 30. Despite Bitcoin’s price correction, several indicators—including derivatives...Continue Reading

Kraken hinted that its managerial structure would be reformed, without explaining the details. Cryptocurrency exchange Kraken has declared “a new day,” with the appointment of new co-CEO Arjun Sethi and a managerial shakeup. There is also an unconfirmed report of a layoff of 15% of the staff. Sethi is the co-founder and chairman of Silicon...Continue Reading

The United States Treasury Department is taking an interest in stablecoins and tokenization. Stablecoins seem to be increasing demand for short-term United States government bonds known as Treasury bills, according to US Department of the Treasury meeting minutes published Oct. 30. In an Oct. 29 meeting, the US Treasury’s Borrowing Advisory Committee weighed the benefits...Continue Reading

Nishad Singh will receive no prison time after pleading guilty to six felony charges in February 2023, cooperating with prosecutors and FTX’s debtors after the exchange’s collapse. A federal judge has sentenced Nishad Singh, the former engineering director of FTX, to time served and three years of supervised release for his role in misappropriating user...Continue Reading