Coinbase to Provide Crypto Access to BlackRock’s Institutional Investors
- Users of BlackRock’s institutional investment management platform Aladdin will soon have access to Bitcoin thanks to the new partnership with Coinbase Prime.
- Shortly after the news were announced, Coinbase’s publicly traded shares jumped in price by 31%, forcing NASDAQ to briefly pause COIN trading due to volatility.
August 4, 2022, 5:27 PM
Coinbase CEO Brian Armstrong at Vanity Fair’s New Establishment Summit, October 2019.Vanity Fair
Riot Blokchain Mined 21% Less BTC in July Due to Texas Heat Wave
- The crypto mining firm said it had voluntarily curtailed its energy consumption to ensure more power was available in Texas during the heat wave in July.
- While it produced 21% less BTC than it could, the company had earned around $9.5 million in power credit and benefits, as well as reduced its power consumption for the month.
August 3, 2022, 7:30 PM
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Tesla Recorded $64M Profit From Q2 BTC Sale
- The company’s 10-Q filing with the SEC revealed Tesla had made a $64 million profit from selling its Bitcoin in the second quarter of 2022.
- The electric car manufacturer also reported an impairment loss of $170 million, which was the result from changes to the carrying value of its BTC holdings.
July 25, 2022, 6:40 PM
Elon Musk at The Summit 2013, Dublin, Ireland, 31 October 2013. Dan Taylor/Heisenberg Media
PicPay to Launch Crypto Exchange and Stablecoin in Brazil
- The exchange, which will reportedly launch within a month, plans to initially support Bitcoin, Ethereum, and Pax Dollar.
- PicPay’s stablecoin pegged to the Brazilian real, called the Brazilian Real Coin (BRC), is expected to launch by the end of the year.
July 12, 2022, 1:09 PM
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Jun 2, 2022
CFTC Sues Gemini Over 2017 BTC Futures Contract Evaluation
- One of the main points of the complaint is that Gemini provided misleading information on how susceptible to manipulation the BTC futures contract could be.
- The CFTC seeks disgorgement of ill-gotten gains, civil monetary penalties, injunctions relating to registration and trading, and an injunction against further violations of the Commodity Exchange Act.
May 19, 2022
Bitcoin’s Rise in The Central African Republic
- While not the largest countries in the world, CAR and El Salvador’s decision to legalise Bitcoin will surely have an effect on the rest of the world.
- With the rise of Bitcoin, more and more crypto-based platforms will increase their popularity and improve the industry’s potential.
Apr 29, 2022
Goldman Sachs Approves First BTC-Backed Loan
- A Goldman Sachs spokesperson noted that the deal was particularly interesting because of its unique structure and 24/7 risk management.
- The move comes at a time when Wall Street firms have started to increase their involvement in the crypto space.
Apr 26, 2022
Fidelity to Offer BTC Exposure to 401(k) Savings Accounts
- Once the change has been implemented, more than 23,000 U.S.-based companies could allow their employees to invest in BTC through their 401(k) retirement savings accounts.
- Fidelity plans to release the new option later this year, allowing 401(k) account holders to invest up to 20% of their portfolio in BTC.
Mar 14, 2022
CoinJoin to Block BTC Tied to Illegal Activities
- The Bitcoin mixing service will now block certain unspent transaction outputs from registering through its default zkSNACKs coordinator.
- One of the developers of the service noted that the blacklist will apply only for the default coordinator, and not to alternatives.
Mar 2, 2022
Ukraine Receives Over $35M in Crypto Donations, Announces Airdrop
- In order to thank the crypto community for its support, the Ukrainian government is planning to conduct an “airdrop” to donors that have contributed crypto.
- Although the Ukrainian government accepts donations only in ETH, BTC, USDT, and DOT, Uniswap has launched an interface that converts ERC-20 tokens into ETH before sending them to Ukraine.