Coinbase’s $420B AUM exceeds 21st largest US bank — Armstrong
“If you think of us more like a brokerage, we’d be the 8th largest brokerage today by AUM,” wrote Armstrong.
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Crypto Exchange CoinField Launches XRP Validator, Teases New Ecosystem
Cryptocurrency exchange CoinField has launched an XRP validator which is already included in Ripple’s Unique Node List (UNL).According to a press release published on Oct. 2, “UNLs are the lists of transaction validators a given participant believes will not conspire to defraud them.” The exchange’s team has also reportedly been working on a new project based…

Raydium exploiter moves $2.7M to crypto mixer Tornado Cash
The hackers sent 1,774.5 Ether to the sanctioned cryptocurrency mixer weeks after the DeFi protocol exploit. 167 Total views 11 Total shares Own this piece of history Collect this article as an NFTIn an alert, blockchain security firm CertiK reported that the Raydium protocol exploiter had sent 1,774.5 Ether (ETH) to the mixer. The amount…

Avalanche eyes 60% rally as AVAX price breaks out of bull flag
Avalanche (AVAX) strengthened its case for a potential upside run towards $160 in the coming sessions as it broke out of a classic bullish pattern earlier this week.Dubbed "bull flag," the pattern emerges when the price consolidates lower/sideways between two parallel trendlines (flag) after undergoing a strong upside move (flagpole). Later, in theory, the price…

Cypherpunk Adam Back Speaks of Blockchain Benefits at G20 Meeting of Finance Ministers
Adam Back, who invented the hashcash proof-of-work system and was one of the first people to work on bitcoin (BTC), spoke about the positive uses of blockchain at G20. Cointelegraph Japan reported on Back’s comments at a meeting of finance ministers and central bank governors in Japan on June 8.Sitting next to the governor of the Dutch…

US Department of Justice Accuses Crypto Exec of $7 Million Fraud Scheme
Federal authorities in the state of New York have unsealed fraud charges against the principal of a purported cryptocurrency escrow company Volantis in the amount of over $7 million.According to an announcement by the Department of Justice (DoJ), the United States Attorney for the Southern District of New York and the Assistant Director-in-Charge of the…

UK plan on digital securities sandbox laid before Parliament
The regulations will take effect on Jan. 8, with the Bank of England and U.K. Financial Conduct Authority operating the sandbox. 246 Total views 1 Total shares The United Kingdom Financial Services and Markets Act’s provisions on a digital securities sandbox are scheduled to come into force in January 2024 after being presented to Parliament.In

Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April
Since it was first launched back in August 2017, Bitcoin Cash (BCH) has failed to make an impact in terms of metrics like price and trading volume. Having said that, the altcoin, whose roots can be found in the epic Bitcoin (BTC) scaling debate of the mid-2010’s, still has its hardcore supporters. And new research…

Where’s the recession? These 3 economic indicators can alert investors to a market downturn
Inflation came down a lot faster than most investors and analysts anticipated, reaching 3% in June. The recession that most analysts predicted is nowhere to be seen, according to the 3.6% unemployment rate nearing a 50-year low and the S&P 500 Index showing a 19% gain year-to-date.While the current market performance may lead investors to…