Bitcoin News Roundup for May 12, 2020

MegaLabs, the main developer firm behind a new Ethereum scaling protocol designed to be so fast it's considered "real-time," announced Thursday that it has raised $20 million in a seed round led by Dragonfly Capital. The round also saw participation from Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holding, Tangent and Credibly Neutral, and

Jul 16, 2020 at 14:11 UTCSoccer (Shutterstock/ Vasyl Shulga)Blockchain enabled fantasy soccer platform Sorare announced today that it has raised $4 million in a seed funding round led by e.ventures.  In an announcement emailed to Coindesk, the firm said that in addition to venture capital investors like e.ventures and Fabric Ventures, a former member of…

Bitcoin (BTC) rose above the $28,000 mark early Monday to log its highest prices in over a month as analysts pointed to ETF optimism and seasonality as a few reasons behind the gains.Traders at Japanese exchange Bitbank were already eyeing the $28,000 level for bitcoin last week, as CoinDesk reported. The $28,500 acted as a

While many see bitcoin as a major bubble, 25% believed bitcoin could double its price tag to north of $70,000 by the start of 2022.Jan 20, 2021 at 10:54 a.m. UTCOver Half of Investors Think Bitcoin, Tesla Stock Are Biggest Bubbles: Deutsche Bank SurveyMore than half of the market professionals polled in Deutsche Bank’s latest…

news A prospectus for a new cryptocurrency-based exchange-traded fund (ETF) has just been filed with the U.S. Securities and Exchange Commission (SEC). The proposed ETF, posted by the SEC on May 9, was created by Crescent Crypto Index Services LLC, a subsidiary of Crescent Crypto Asset Management LLC, to track the performance of a market capitalization-weighted portfolio…

The U.K. government on Wednesday called on crypto users to voluntarily disclose any unpaid capital gains or income taxes to avoid penalties, and published guidance on how to pay them.The tax disclosures should reflect capital gains or income from exchange tokens like bitcoin (BTC), non-fungible tokens (NFTs), and utility tokens.Users who have already made crypto

“The lack of compliance by these crypto platforms means that you don't have basic investor protections,” Gensler said in his “Office Hours” video series. “These are things like rulebooks and surveillance to prevent fraud and manipulation. Or appropriate custody and segregation of customer assets so they don't get misused or abused or simply become the…

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Jul 23, 2020 at 18:59 UTCAvanti CEO Caitlin Long in Italy (Caitlin Long)Avanti Financial expects to open its doors this October with a new bank-issued digital asset. Led by Wyoming blockchain advocate Caitlin Long, the crypto-friendly bank announced Thursday its application was accepted by the Wyoming Division of Banking on July 15. Avanti will open…