New York Finance Watchdog ‘Fiercely Opposes’ Sandboxes for Fintech Firms
The chief of New York’s financial regulatory body said Tuesday that the agency is “fiercely opposed” to regulatory sandboxes for fintech firms
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This Bitcoin Dip Was Not Caused by FUD
While there was plenty of FUD flying around, it wasn’t the real reason prices pulled back so significantly.This episode is sponsored by Nexo.io.Today on the Brief:Home sales up, home supply downBiden’s first test on the stimulusEuro pessimism Our main discussion: Why the bitcoin dip wasn’t caused by FUD. Anyone paying attention this week had reasons…

Global Android Vulnerability Could Grab Wallet and Banking Data
Dec 3, 2019 at 18:00 UTCUpdated Dec 3, 2019 at 18:00 UTCGlobal Android Vulnerability Could Grab Wallet and Banking DataA newly-discovered vulnerability, called StrandHogg, could allow hackers access to private data on almost any Android phone and has already been used to access banking information. Documented by security firm Promon, the exploit affects all versions…

Magic Eden Embraces Ordinals, Releases Bitcoin NFT Marketplace
“There's a lot of high-value items that are being inscribed or created on the bitcoin chain, and for a very, very burgeoning NFT ecosystem that it's, it's been super exciting to see,” Yin told CoinDesk. “And at Magic Eden, we're working on a lot of cross-chain things anyway, and we felt like this was a…

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO
news Canaan Creative, the Avalon bitcoin miner maker and one of the world’s largest mining equipment manufacturers, has just formally filed another attempt to go public – this time in the U.S. Canaan’s initial public offering prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Oct. 28 indicates it intends to list on…

Ethereum’s Dencun Upgrade Could Mean Near-Zero Fees for Layer-2 Blockchains: Fidelity Digital Assets
The Dencun upgrade is scheduled for March 13.It is expected to result in lower fees for users of layer-2 networks.It allows Ethereum to act as a proper database for other blockchains.The Ethereum blockchain's Dencun upgrade, scheduled for March 13, is the first step toward enabling its rollup–centric roadmap and will allow the network to function

Sizing the Massive Spot Bitcoin ETF Opportunity
Bitcoin is the non-sovereign reserve currency of the digital world, and from an investment management perspective, it can uniquely and inexpensively diversify well-balanced portfolios to improve total risk-adjusted returns. However, while there have been many ways to gain exposure to crypto’s apex asset, there has long been one glaring hole, the holy grail of access

South Korea’s 20% Crypto Tax Now Coming in 2023: Report
Jan 7, 2021 at 12:17 p.m. UTCSouth Korean National Assembly building(Niyazz/Shutterstock)South Korea’s 20% Crypto Tax Now Coming in 2023: ReportSouth Korea’s government will start taxing cryptocurrency gains over a year later than originally planned.The nation's Ministry of Economy and Finance said Wednesday it has finalized a legal amendment after tax rules were revised in 2020,…

Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments
High funding rates, relatively low liquidity and reports of crypto exchange Mt.Gox starting repayments to victims of its 2014 hack spurred a market-wide decline in the past 24 hours, bringing losses to leveraged bullish traders.In futures market, traders betting on higher prices lost over $190 million to liquidations as bitcoin (BTC) dropped as much as