Coinbase has launched a Global Advisory Council to help guide its leadership team, with former US lawmakers Patrick Toomey, Tim Ryan, and Patrick Maloney joining the council. The announcement follows a regulatory probe from US regulators and lawmakers working on legislation to write rules for crypto. Toomey, Ryan, and Maloney were all active in introducing
10T Holdings, a crypto-focused investment firm, has announced the launch of a new digital-asset startup investment fund, TenSquared Capital (10SQ). The fund aims to raise $200 million from investors and will back digital asset startups at various stages of growth. The fund has already secured commitments from limited partners of 10T for its upcoming investments.
According to the European Central Bank’s (ECB) latest Consumer Expectations Survey (CES), Europeans believe that inflation will be around 5% over the next 12 months. This marks a significant increase from the previous month’s median expectation of 4.6%. The poll, which surveyed 14,000 consumers aged 18 and over from six euro area countries, was conducted
Hong Kong-based Animoca Brands has announced that it is financially stable to continue its operations and is sitting on $2.7 billion worth of token reserves. The company has disclosed that it has a stablecoin reserve of $194 million and $566 million worth of liquid digital assets, including SAND, a utility token for the Sandbox NFT
Reports emerged in July 2022 that Huobi founder Leon Li was seeking to sell over 50% of the company due to the challenging regulatory landscape and a market downturn. By November 2022, Li had sold his controlling stake to a buyout firm, which was brokered by About Capital Management HK. Rumors circulated that TRON founder
Late on Wednesday, Bitcoin (BTC) briefly dropped below $27,000, as markets reacted to the latest U.S. inflation report. After reaching an earlier high of $28,322.69, BTC/USD slipped to an intraday low of $26,883.67 towards the close of yesterday’s session. This move saw bitcoin drop to its weakest point since March 28, when the price was
Bitcoin’s price remained weak as it headed towards $27,000 after the May 11 Wall Street open, with bulls failing to show strength. The digital currency was at risk of further loss of support as it struggled to recover from local lows seen the day prior. Despite the bullish cues offered by new United States macro
The Tandera Militia, a notorious Brazilian criminal organization formed in the 1980s and allegedly commanded by Danilo Dias Lima, has been accused of laundering money through an obscure domestic cryptocurrency exchange. Brazilian militias are illegal paramilitary groups usually made up of former soldiers and police officers. Government officials claim that Lima has used militia funds
Coinbase has received backlash after a customer email claimed Pepe represented hate ideology. The email contained a screenshot of the “What You Should Know About PEPE” section, which stated the meme coin had been released three weeks ago with a supply of 420 trillion tokens. The email briefly explained Pepe’s origins and then claimed the
London-based cryptocurrency lender Nexo has been facing legal issues in various countries, including Bulgaria and the US. This has led the company to shut down two of its subsidiaries in the UK. Shut Down of UK Subsidiaries On May 11th, Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. were shut down by the