Thirteen years after first Bitcoin purchase, layer-2 solutions struggle to gain traction
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Facing $70M in fines from regulators, Robinhood files for IPO
The U.S. Financial Industry Regulatory Authority delivered its biggest financial penalty against the trading app on Wednesday, and Robinhood still reportedly faces scrutiny from the SEC regarding its business practices. Stock and cryptocurrency trading app Robinhood has filed an application with the U.S. Securities and Exchange Commission for an initial public offering.In a Form S-1…

Tuur Demeester: Bitcoin Price Above $50K ‘Not Insane at All’
Describing the rush to buy Bitcoin as a “land grab” for institutions, Tuur Demeester sees the cryptocurrency rallying to $50,000-$100,000. 1759 Total views 25 Total shares Bitcoin investor and research analyst Tuur Demeester doesn’t see the coin going below $6,000 after the rewards halving, with a price of at least $50,000 certainly possible in the…

Monex wants to buy FTX Japan amid bankruptcy proceedings: Report
Monex CEO Oki Matsumoto said that it will be a “very good thing” for them if there will be less competition in the market. 222 Total views 2 Total shares Own this piece of history Collect this article as an NFTFTX Japan, one of the four FTX assets put on sale, caught the eye of…

Phantom raises $9M to launch multi-chain crypto wallet
The Series A fundraiser was led by Andreessen Horowitz, with participation from Variant Fund, Jump Capital, DeFi Alliance and Solana Foundation. Angel investors from Compound, dYdX and Ethereum Foundation also participated. 358 Total views 5 Total shares Cryptocurrency wallet provider Phantom has secured $9 million in Series A financing to launch a new multi-chain wallet…

Gazprom Neft uses blockchain tech to streamline aircraft refueling
Gazprom Neft’s aviation refueling subsidiary has piloted a blockchain-based refueling payment project to automate and accelerate transactions. 1017 Total views 15 Total shares Russian oil firm Gazprom Neft's aviation subsidiary — Gazpromneft-Aero — announced Monday that it has completed a successful pilot of its blockchain-based refueling project, Smart Fuel.The new platform was implemented for more than…

CoinSmart president says crypto taxes are a ‘little bit more favorable’ outside US
According to Jeremy Koven, Canadian crypto firms may have a better regulatory environment than ones in the United States, benefitting users in a number of ways. 64 Total views 1 Total shares Jeremy Koven, the president of Canada-based crypto exchange CoinSmart and SmartPay president at WonderFi, pointed to areas of concern for crypto firms in…

Industry execs discussed crypto policy with White House officials: Report
Representatives from Coinbase, Kraken, Ripple and Circle reportedly attended a video call with US policymakers to discuss their approach to crypto regulation.

Report: XRP’s Drop in Line with Other Crypto ‘Underscores XRP’s Independence from Ripple’
Ripple has released the second quarter 2018 report for its digital asset XRP today, July 24. According to the report, Ripple’s sales of XRP tokens were a “drop in the bucket” compared to the total XRP market. Per the report, Ripple sold $75.53 million in Q2 in total. Of this amount, the company sold $56.66…