October 4, 2022

[ad_1] S. Daniel Leon, who cofounded Celsius with Alex Mashinsky in 2017, has quit his job as the bankrupt crypto lender’s chief strategy officer, CNBC reported Oct. 4, citing unnamed sources and an internal memo seen by the outlet. Bloomberg later reported receiving confirmation of Leon’s resignation from the company. Leon’s resignation comes one week …

Celsius’ co-founder Daniel Leon follows Mashinsky out as crypto exec flight continues Read More »

[ad_1] The legal team behind nonfungible token firm DataVault Holdings has requested an advisory opinion from the United States Federal Election Commission on using NFTs for fundraising efforts. In a Sept. 21 letter to FEC acting general counsel Lisa Stevenson, DataVault’s lawyers proposed sending NFTs as “souvenirs” to individuals who contributed to political committees, as …

DataVault requests US election agency’s advice to send NFTs as a campaign fundraising incentive Read More »

[ad_1] Coinbase co-founder and CEO Brian Armstrong announced in a series of tweets on Oct 4 that a crypto centric documentary capturing his journey of building a tech start-up from the ground up will be available this Friday on Amazon Prime, iTunes, Youtube, and other streaming platforms. The documentary — “Coin: A Founder’s Story” — …

Coinbase CEO announces documentary on cryptocurrency and exchange Read More »

[ad_1] Crypto-focused investment firm M31 Capital has launched a new investment fund dedicated to Web3 companies, further underscoring the industry’s shift toward decentralized internet projects.  The M31 Capital Web3 Opportunity Fund will invest up to $100 million in token projects and private equity opportunities within Web3, the company announced Tuesday. Initially, the fund will invest …

M31 Capital launches $100M Web3 investment fund with $50M in commitments so far Read More »

[ad_1] The United States Commodities Futures Trading Commission can serve members of the Ooki decentralized autonomous organization, or DAO, with summons through online communications, according to a federal judge. In an Oct. 3 order granting a CFTC motion, U.S. District Judge William Orrick said the commission could provide a copy of its summons and complaint …

CFTC can issue summons through Ooki DAO’s help chat box, says judge Read More »

[ad_1] According to a new study published by the Basel Committee on Banking Supervision, a supranational organization responsible for setting standards on bank capital, liquidity, and funding, 19 out of 182 global banks supervised by the committee reported ownership of digital assets. Combined, their total exposure to crypto is estimated to be €9.4 billion.  In …

Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets Read More »

[ad_1] The Bitcoin hash rate hit a new all-time high above 245 EH/s on Oct. 3, but at the same time, BTC miner profitability is near the lowest levels on record.  With prices in the low $20,000 range and the estimated network-wide cost of production at $12,140, Glassnode analysis suggests “that miners are somewhat on …

Bitcoin miner profitability under threat as hash rate hits new all-time high Read More »

[ad_1] Members of the Parliament of the European Union voted in favor of a non-binding resolution aimed at using blockchain to fight tax evasion and coordinate tax policy on cryptocurrencies. In an Oct. 4 notice, the European Parliament said 566 out of 705 members voted in favor of the resolution originally drafted by member Lídia …

European Parliament members vote in favor of crypto and blockchain tax policies Read More »

[ad_1] On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the potential collapse of the Credit Suisse bank could bring more volatility in the crypto market. To kick things off, we break down the latest news in the markets this week: BTC price still not at ‘max pain’ Bitcoin (BTC) starts a …

If Credit Suisse collapses, will it bring more volatility to the crypto market? Watch The Market Report Read More »

[ad_1] According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis. First, Genesis will no longer assist Grayscale in the distribution and marketing of the latter’s shares. Second, from Oct. 3 onwards, Genesis will no longer be an authorized participant of …

Grayscale Bitcoin Trust terminates material agreements with Genesis Read More »