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Coin

Legal actions to retrieve stolen coins: What is the success rate?

TL;DR Breakdown Dr Craig Wright’s attempt to retrieve stolen coin could awaken wider public to possibility of getting missing assets back. Government disposition towards cryptocurrency would determine success or failure of attempts to retrieve digital assets. The security of cryptocurrency systems is a simple yet complex chain of contradictory commands, safe yet unsafe. The blockchain …

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FATF

FATF to update its guidelines on stablecoins and virtual asset service providers

TL;DR Breakdown FATF sets to revise its guidelines for VASPs and stablecoins. The new document will be made official in June and will be an upgrade to the travel rule for VASPs. FAFT set to revise its guidelines   The Financial Action Task Force (FATF) looks to upgrade its guidelines on stablecoins and crypto P2P transactions. It revealed that it is …

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Falling GBTC premium

Falling GBTC premium may cause investors to dump BTC – Peter Schiff

TL;DR Breakdown Peter Schiff, a Bitcoin critic, says Grayscale may cause Bitcoin to dip further The comment came in after GBTC closed at -5%. The dip will cause Grayscale to sell its Bitcoin reserve. Falling GBTC may cause Bitcoin to drop further A popular Bitcoin antagonist, Peter Schiff, revealed through a tweet that the falling GBTC …

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bitcoin

Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

TL;DR Breakdown Dubai fund FD7 Ventures is planning to sell $750 million Bitcoin for Cardano and Polkadot. They said Bitcoin is actually useless. FD7 Ventures, a Dubai-based global cryptocurrency investment fund, has lost interest in Bitcoin (BTC), which has been their dominant crypto-asset. The Managing Director of the Dubai fund, Prakash Chand, mentioned that the …

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business

Robinhood Crypto records 6 million customers in 2021

TL;DR Breakdown About six million new traders have joined Robinhood Crypto since this year. Robinhood already sees a boom in crypto trading with average new monthly users surging by 15x. In a recent update on Thursday, the popular American retail trading platform, Robinhood, reported a massive increase in the number of new customers trading digital …

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Coinbase

Coinbase pre-IPO shares appreciate following S-1 filing with the SEC

TL;DR Breakdown Coinbase’s pre-IPO shares surge following the direct listing on NASDAQ. The exchange referenced Bitcoin’s creator in its filing. The crypto company also revealed that it is now decentralized and no longer has a headquarters. Coinbase pre-IPO share surges following its S-1filing Coinbase’s S-1 filing with the U.S. Securities and Exchange Commission (SEC) for a direct listing on …

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Defi

DeFi products get a boost as Chainlink launches OCR

TL;DR Breakdown Chainlink officially launches its OCR upgrade. The network upgrade will boost DeFi products. DeFi products to get a boost from Chainlink’s upgrade Chainlink has officially rolled out its OCR network upgrade, which imports 10 times more data than it previously did. The Off-Chain Reporting (OCR) upgrade to the network is meant to improve DeFi projects through an efficient on-chain data delivery. Sergey Nazarov said that Chainlink supplied more data during …

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