A new campaign of Democratic Party-aligned crypto enthusiasts is campaigning for Vice President Kamala Harris. This week the campaign includes a virtual town hall. A version of this story appeared in Us The Guidance August 12 newsletter. Sign up Here. Billionaire investor Mark Cuban. Hedge fund veteran Anthony Scaramucci. Congressman Willie Nickell. Some of the … Read more
With some idiosyncratic crypto catalysts coming forward, macro events can have a big impact on prices in the short term. The macro situation in the US and the Middle East appears to be improving. Crypto traders will be keeping a close eye on Wednesday's timing. Inflation printing. Crypto investors should not shy away from buying … Read more
Animoca Brands is valued at $5.9 billion in 2022 fundraising. Its value is now trading at $1.5 billion in secondaries, Yat Siu said. “It's just an information mismatch,” the co-founder added. Animoca Brands, a crypto conglomerate and prolific investor, is not asset poor. It had about $3.3 billion in crypto, cash, equities and other assets … Read more
Calling all shitposters — crypto brands are hiring meme creators. Candidates should be young and very creative. Creating memes is all in a day's work for crypto degenerates — so why not get paid for it? A “top crypto brand” is looking to hire a meme and content creator, according to Sam Wellalage, an expert … Read more
News has viewed the first page of the subpoena. The SEC has issued similar subpoenas to at least two other crypto VCs. “It's a natural area of additional enforcement,” the securities attorney said. The US Securities and Exchange Commission has subpoenaed at least three crypto venture capital firms this year, according to a source familiar … Read more
The IRS has posted an updated version of the crypto tax form. This eliminated the space for wallet addresses, among others. US Internal Revenue Service updated Draft Form 1099-DA is used by brokers and taxpayers to report certain sale and exchange transactions of digital assets beginning in calendar year 2025. These forms will be sent … Read more
Ionic Digital CEO did not extend his initial contract. Bitcoin miner's auditor RMS withdraws. The company's efforts to go public have been delayed. Ionic Digital, which bought the bitcoin mining assets of collapsed crypto lender Celsius Earlier this yearsaid in a News release CEO Matt Prusak will leave the company and its auditor, RMS, has … Read more
FTX was ordered to pay $12.7 billion to consumers and victims, the CFTC said. The consent order will end litigation filed by the CFTC in 2022. A court ordered bankrupt crypto exchange FTX and subsidiary Alameda Research to pay $12.7 billion to customers and victims of their fraud, the Commodity Futures Trading Commission said in … Read more
Over $2.4 billion worth of Coinbase cbETH tokens were withdrawn last month. The supply of cbETH has dropped by more than 50% due to massive withdrawals. CbETH is Coinbase's liquid-staked ether token. Coinbase's liquid-staking token is cbETH lost More than half of its supply since June. During that period, the cbETH market size declined to … Read more
A regulatory sandbox to test and develop innovations. A sandbox intended to establish efficient crypto-related services. The regulatory agency of Thailand invites participants. Thailand's Securities and Exchange Commission (SEC) has launched a regulatory sandbox to develop and test innovations aimed at establishing efficient crypto-related services. Post it on its website. Interested parties are welcome to … Read more
Tennessee man indicted in North Korean remote jobs scam The Justice Department says the North Koreans are posing as US citizens. The US man arrested in the case faces a maximum sentence of 20 years in prison. The Nashville, Tennessee resident was arrested by the FBI and charged with his efforts to fund North Korea's … Read more
Second quarter funding increased by 2.5% compared to the previous quarter. The number of deals fell 12.5% in the quarter. Crypto fundraising rose slightly in the second quarter as startups raised $2.7 billion in 503 deals. A study of the pitchbook. This was a 2.5% increase in invested capital, but a 12.5% decline in the … Read more