Berkshire Hathaway’s Charlie Munger Calls for Crypto Ban in the US
"Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in...
First Mover Americas: Coinbase CEO Brian Armstrong Suggests SEC Could Ban Staking
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 9 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto...
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance As...
Orthogonal Trading’s insolvency, triggered $31 million of loans in the credit pool to default this week. The bad debt represents 80% of the credit pool’s outstanding loans. When Sherlock invested...
TeraWulf Starts Nuclear-Powered Bitcoin Mining With Nearly 8,000K Rigs at Nautilus Facility
The Nautilus mine is "the first behind-the-meter bitcoin mining facility of its kind, directly sourcing reliable, carbon free, and 24x7 baseload power from the 2.5 GW Susquehanna nuclear generation station...
Italian Parliament Approves 26% Crypto-Gains Tax in 2023 Budget
The 26% rate applies to gains from crypto trading if they exceed 2,000 euros per tax period. As an incentive for declaring crypto profits, the new bill also sets a...
Incoming FCA Chair Thinks Crypto Firms Like FTX are Deliberately Evasive
"I think more importantly from a public's perspective, is that the way in which they bundle a whole set of activities which are normally segregated, in conventional finance gives rise...
Fidelity’s Crypto Platform to Add Ether Trading for Institutional Clients
The move is the latest step towards making crypto available to institutional clients by Fidelity, the parent company of Fidelity Digital Assets. Earlier this month, the giant asset management firm...
Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion Is ‘QE’, But It’s Not
"QE is increasing the balance sheet for monetary purposes. This is about financial stability, and all expansion of the balance sheet is not QE," Marc Chandler, chief market strategist at...
Bitcoin, U.S. Stock Futures Erase Early Gains as First Republic Bank Tanks 50% in...
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Two US Men Sentenced For Stealing Crypto Using ‘SIM Swapping’
Two men from Massachusetts, have been sentenced to serve time in prison for an "extensive scheme to take over victims' social media accounts and steal their cryptocurrency using techniques such...
