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On its website, OpenSea responded to the previous incident in which its product manager was questioned about insider trading. OpenSea stated that it will conduct a thorough investigation of the incident and will implement two new policies: prohibiting OpenSea employees from promoting collectors or Artists can purchase their NFTs; OpenSea employees are prohibited from buying and selling NFTs with insider information (not limited to the OpenSea platform).
On its website, OpenSea responded to the previous incident in which its product manager was questioned about insider trading. OpenSea stated that it will conduct a thorough investigation of the incident and will implement two new policies: prohibiting OpenSea employees from promoting collectors or Artists can purchase their NFTs; OpenSea employees are prohibited from buying and selling NFTs with insider information (not limited to the OpenSea platform).
digital currency
digital currency
Türkiye's Central Bank Creates Platform to Study Potential Benefits of Digital Currencies
Law firm Kessler Topaz Meltzer & Check, LLP reminds investors that it has filed a securities fraud class action lawsuit against Coinbase Global Inc. on behalf of investors who purchased or acquired Coinbase Class A common stock pursuant to the registration statement and prospectus. The complaint alleges that Coinbase's offering materials were false and misleading and did not state that at the time of offering: 1) Coinbase required a substantial cash infusion; and 2) Coinbase's platform was vulnerable to disruptions in service levels. This is increasingly likely to happen as Coinbase expands its services to a larger user base; 3) Defendants' positive statements about Coinbase's business, operations, and prospects are materially misleading and/or lacking for the reasons described above Reasonable basis. Coinbase investors may seek to be appointed as lead plaintiffs' representative in this class action through the law firm or other counsel no later than September 20, 2021, or may choose to do nothing and remain as absentee class members.
Blockchain industry
Blockchain industry
MicroStrategy's Bitcoin Holdings Are Already Worth More Than Most S&P 500 Companies' Cash Holdings
MicroStrategy's massive Bitcoin holdings are already worth more than the cash held by most S&P 500 companies. MicroStrategy previously announced that it had purchased another 5,050 bitcoins for approximately $242.9 million. It currently holds 114,042 bitcoins, and its value has increased to nearly $5.3 billion.
Abra, a wealth management platform for crypto investors, announced today that it has completed a $55 million Series C round of financing led by IGNIA and Blockchain Capital. New investors include Kingsway Capital, Tiga Investments and Stellar Development Foundation. Existing investors Lerer Hippeau Ventures , Amex Ventures, Arbor Ventures, RRE Ventures, CMT Digital Ventures and Kenetic Advisors followed up. Also participating in the round are several Abra Platinum customers. The funds will be used to further expand its wealth management, trading and payment new products, expand its marketing team, and develop the company's high net worth and institutional sales products. In the past year, Abra revenue has grown more than tenfold, custody services Abra Trade and Abra Earn have grown AUM from zero to $1 billion, and have zero defaults. Over the past year, Abra has rapidly expanded its team, including recently forming an OTC desk, and expanding its private client service sales force in the Americas, Europe and Asia. Abra was founded in 2014 by Bill Barhydt.
NFTs such as CryptoPunk and BAYC collected by Shawn Yue will be auctioned at Christie's
ETF Series Solutions and Bitwise Index Services, a subsidiary of encryption asset management company Bitwise, submitted a bitcoin futures ETF application to the US Securities and Exchange Commission (SEC) on Tuesday. The fund, called the Bitwise Bitcoin Strategy ETF, was launched by ETF Series Solutions in partnership with Bitwise Index Services. According to the document, the fund will not invest directly in bitcoin and will gain exposure to bitcoin primarily through indirect investment in standardized, cash-settled bitcoin futures contracts registered with the CFTC and traded on commodity exchanges, but may also invest in pooled investment vehicles and Bitcoin exposure funds listed in Canada may also invest in cash, U.S. government securities or money market funds.
global policy
global policy
India's Largest Bank SBI Bans Crypto Exchanges From Using Its UPI
India’s largest bank, State Bank of India (SBI), has banned cryptocurrency exchanges from receiving payments using its UPI platform and has notified payment processors to disable SBI UPI on crypto trading platforms. The SBI decision comes after several banks imposed similar bans on cryptocurrency exchanges. HDFC Bank warned investors in May against trading virtual currencies such as bitcoin, saying it would impose transfer restrictions and even revoke bank cards. ICICI Bank also notified some payment gateways to shut down online banking services for merchants buying and selling cryptocurrencies.
Russian Ministry of Finance: By 2030, the digital ruble will become the third form of currency in Russia
Character·Voice
Character·Voice
Bridgewater's Ray Dalio: If Bitcoin succeeds, regulators will kill it
Ray Dalio of Bridgewater Fund said on CNBC's Squawk Box column that "if Bitcoin succeeds, regulators will kill or try to kill it because they have such a method." Ray Dalio said that Bitcoin has no intrinsic value, but a very A good cash alternative, he also holds a certain amount of Bitcoin, but it is still relatively small compared to the proportion of gold in his investment portfolio.
CNBC Host: Gold and Cryptocurrencies Have Different Investment Functions
CNBC host Jim Cramer said on Tuesday that he believes that gold and cryptocurrencies have different investment functions, not one or the other, and investors can own both assets at the same time. Cramer said, "I'm a believer in gold and cryptocurrencies, but there's no reason to equate those two things. I think gold is an insurance policy against long-term inflation. It's boring, but it's essential." But cryptocurrencies are more like speculative trading. Cryptocurrencies definitely have their advantages if you are willing to take on extra risk in pursuit of big gains, but it has little to do with insurance. The value of gold lies in its eternity, and the value of cryptocurrencies lies in its timeliness. If you want insurance, buy gold. If you want to speculate, buy Bitcoin or Ethereum, but don't confuse the two.
Gavin Wood: True decentralization and security are more valuable than network performance
Polkadot founder Gavin Wood suspected of commenting on yesterday's Solana network issue on Twitter. He said that today's encryption incident shows that although some projects can provide independent and closed servers with higher transaction processing performance and higher TPS values, true decentralization and well-designed security are more valuable. If you Cannot run a full node, so it is no different from a traditional bank. There was a problem with the Solana network last night. It experienced intermittent instability. It was later discovered that the problem was a denial of service due to resource exhaustion. So far, the applications on the Solana chain have not been able to operate normally. According to the information released by SolanaStatus, the Solana validator community chose to cooperate to restart the network, the snapshot height is slot96542804, and it is recommended that the validator nodes update to Mainnet-Beta1.6.24 version.
