Tag: Business

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US isn’t prepared to regulate new industries like crypto, says Ripple CTO

“My number one recommendation to U.S. regulators is: look at the rest of the world and don’t get out of step,” David Schwartz said in an exclusive interview with Cointelegraph. David Schwartz, chief technology officer at Ripple Labs, says U.S. regulators’ response to the crypto industry may help XRP in the end but is also…
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NYDIG raises $100 million and launches ‘Bitcoin-powered’ insurance initiative

The investment services firm said its new global head of insurance solutions would be spearheading the effort. New York Digital Investment Group announced the completion of a growth capital funding round as well as the launch of a business initiative relating to Bitcoin. In an announcement today, the New York Digital Investment Group, or NYDG,…
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Rewards system allows decentralized messaging app users to earn crypto

The messaging app project was aimed at avoiding third-party data harvesting. Make Sense Labs, a decentralized application firm backed by venture capitalist Tim Draper, now allows users of its social messaging app to earn rewards in crypto. According to an announcement from Make Sense, the technology company launched the crypto rewards feature on Monday on…
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CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker

“If the prices on South Korean exchanges stabilize, then we will add the data back in, but that hasn’t happened yet,” said a CoinMarketCap spokesperson. Crypto price trackin website CoinMarketCap has removed many South Korean exchanges from its calculations for the price of Bitcoin as the coin dipped under $58,000 again. As of today, CoinMarketCap’s…
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Users of top Indian crypto exchange report seeing ‘0’ funds during outage

“The load on our systems are way too much,” said CEO Nischal Shetty. Major Indian crypto exchange WazirX experienced disruptions caused by system failures for more than four hours Sunday.  In a tweet at 5:24 PM UTC, WazirX CEO Nischal Shetty reported that the crypto exchange had “hit some internal limits” set by one of…
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Wen Doggcoin? Snoop Dogg hints at future token offering

“Is d-o-g-g similar to d-o-g-e?” asked Snoop. Dogecoin (DOGE) proponent and media personality Snoop Dogg has said he hopes to release his own cryptocurrency in the future. In a Vanity Fair interview released on Friday, Snoop said his recent non-fungible token, or NFT, offering through Crypto.com will likely not be his only contribution to the…
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Coinbase expects direct listing on April 14

The San Francisco-based company could be the first crypto exchange to go public in the United States. U.S.-based crypto exchange Coinbase says it anticipates going public with a direct stock listing in two weeks. According to a Coinbase blog today, the U.S. Securities and Exchange Commission, or SEC, has declared the crypto exchange’s S-1 registration…
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Digital asset manager behind Canada’s first BTC fund hopes to launch Bitcoin ETF

CoinShares CEO Jean-Marie Mognetti said its proposed Bitcoin ETF aims to make “digital assets more accessible to investors of all types.” Investment fund manager 3iQ has partnered with Coinshares to launch a Bitcoin exchange-traded fund in Canada.  According to an announcement from 3iQ, the firm has filed a final prospectus for a Bitcoin (BTC) exchange-traded fund,…
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BlackRock SEC filings show $360K gained from Bitcoin futures

The filing from the regulatory body comes after BlackRock chief investment officer Rick Rieder said the firm had “started to dabble” in crypto. A filing from the U.S. Securities and Exchange Commission shows BlackRock Financial Management’s Bitcoin futures contracts have appreciated significantly this year. According to BlackRock’s monthly portfolio investments report released by the SEC…
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Indian crypto users suspect Flipkart’s Bitcoin announcement is an April Fools joke

True or not, the timing of the announcement is suspect given many companies’ apparent fondness for pranking customers on April 1. Flipkart, India’s largest e-commerce company by sales, has said it will be accepting Bitcoin payments in what many suspect is an April Fools’ Day prank. In an announcement on Twitter today at 11:30 pm…
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