Bitcoin Price Crumbles As SEC Investigates Coinbase Over Alleged Securities Listing

San Francisco-based crypto exchange Coinbase is on the hot seat with the Securities and Exchange Commission (SEC). The regulator is ascertaining whether Coinbase allowed Americans to trade unregistered securities on its platform. Coinbase Faces Probe From U.S. SEC Coinbase’s legal troubles are mounting. According to a Tuesday Bloomberg report, the U.S. Securities and Exchange Commission has started looking into some […]

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Cryptos Fear The Fed’s Next Move; Market Cap Falls Below $1 Trillion

Cryptocurrencies dropped below the $1 trillion mark, amidst anxiety surrounding the Fed’s next move on interest rates. While markets generally appear to have priced in a 75-basis points rate hike, anxiety is writ large on whether the successive rate hikes would herald a stagflation, the condition in which an economy experiences simultaneous increase in inflation and stagnation of economic output. […]

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$ETH: Head of PoS at BitOoda Explains Why Ethereum Will Flip Bitcoin

On Saturday (July 23), Vivek Raman, Head of Proof of Stake (PoS) at digital asset FinTech firm BitOoda, explained why $ETH will flip $BTC. BitOoda, which was founded in New York in 2017, was “created to deliver transparency and accelerate the global adoption of transformational technologies by promoting efficient marketplaces through innovative and professional capital markets solutions.” Founders Tim Kelly […]

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UFC Fighter Becomes First Latin American Sportswoman To Accept Entire Salary in BTC

Ultimate Fighting Championship (UFC) strawweight fighter Luana Pinheiro has become the first female sportswoman in Latin America to receive her entire salary in Bitcoin.  According to a report by Cointelegraph, the UFC’s 15th ranked strawweight contender Luana Pinheiro will now receive her full contract salary in Bitcoin. Pinheiro, who fights out of Brazil, has announced a partnership with Bitwage to convert […]

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This Luxury Residential ‘Crypto Building’ Will Have a Bitcoin Mining Farm in the Basement

A new luxury residential development being built in Belgrano, a prestigious neighbourhood in Argentina’s Capital Buenos Aires, calls itself a “crypto building” since a Bitcoin mining farm installed in the basement will help the owners with paying the building’s expenses. Newlink Capital, the developer behind “Next Pampa 2.0“, says that this is “an intelligent residential building that respects the scale of the […]

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Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and Elon Musk’s one-eighty-degree turn on the $44 billion acquisition deal as the main reasons for the negative earnings. Social media behemoth Twitter posted a lower-than-expected quarterly earnings report early Friday. […]

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SVB Financial Plunges On Tepid Outlook, Q2 Earnings Miss

Shares of SVB Financial Group (SIVB) are down more than 15% Friday morning after the company’s earnings missed analysts view. The company also significantly increased provision for credit losses, citing uncertain economic conditions. Besides, SVB Financial expects lesser net interest income for the full year than its earlier guidance. Net income in the second quarter declined to $333 million or […]

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