Yoni Assia wanted to make trading accessible to “normal” people, and Vitalik Buterin helped him design the platform. Yoni Assia, co-founder and CEO of eToro, entered the finance industry early. After receiving stock as a bar mitzvah gift, he became a successful trader while still in high school. Those profits largely disappeared as the dot-com…
Read more
An independent report prepared for a House committee suggests the government foster the development of digital asset technology and regulate it cooperatively. While the cry for crypto regulation is becoming ever louder in much of the world, and regulation by enforcement is a controversy, a report prepared for the New Zealand Parliament has recommended a…
Read more
This week’s Crypto Biz explores Binance Connect shutdown, BitGo’s funding round, PayPal Crypto Hub, and other news. It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services. Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange…
Read more
The Shiba Inu project has opted to secure insurance coverage amounting to $2 million to address potential fund retrieval challenges upon the restart of Shibarium. Shiba Inu’s layer-2 Shibarium network has resumed block production following a nearly day-long transaction pause. As per Shibariumscan.io block explorer, Shiba Inu’s layer-2 blockchain, Shibarium, has reactivated and is generating blocks.…
Read more
Elon Musk revealed that SpaceX holds Bitcoin on its balance sheet in 2021 but the exact amount of company’s holdings remain unknown. SpaceX’s Bitcoin write-down report on Aug. 18 sparked confusion among the crypto community. The report published in Wall Street Journal puzzled many, who questioned whether SpaceX held $373 million worth of Bitcoin and…
Read more
Despite assurances, discrepancies between Cardano’s theoretical network capacity and its utility remain. An amusing attempt at satire has drawn the ire of Cardano (ADA) founder Charles Hoskinson, or so it appears. In response to a fan commentary doubting the blockchain’s roadmap and criticizing its supposed similarity to Ethereum (ETH), Hoskinson responded, “it’s getting delusion town…
Read more
Users will still be able to deposit and withdraw USDT, DAI, and RAI after the deadline, but trading will be suspended. Cryptocurrency exchange Coinbase will suspend trading of Tether (USDT), DAI, and RAI stablecoins for Canadian users beginning August 31. In an August 17 email notice to users, Coinbase said that “we regularly monitor the…
Read more
Former U.S. President Donald Trump has provided new data about his crypto income and holdings in a financial disclosure to the Federal Election Commission (FEC). The submission contains information about the balance of an ethereum wallet, which collects proceeds from the sales of Trump-branded non-fungible tokens (NFTs), and the income it produced. Donald Trump Declares…
Read more
According to Jeremy Koven, Canadian crypto firms may have a better regulatory environment than ones in the United States, benefitting users in a number of ways. Jeremy Koven, the president of Canada-based crypto exchange CoinSmart and president at WonderFi, pointed to areas of concern for crypto firms in the United States looking for regulatory clarity…
Read more
Kraken’s Canada managing director told Cointelegraph in an interview that attaining restricted dealer status provided a clear regulatory pathway. Size and energy allowed Kraken to stay in Canada after the imposition of new registration requirements for crypto exchanges in February. But in spite of the demanding process, the regulatory clarity has benefited the company, Kraken…
Read more
