Philippines’ Proposed ICO Rules Presume All Tokens Are Securities
The Philippines is close to introducing new regulations governing how companies can legally raise funds through initial coin offerings.
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Activist DAO Investor Pivots to Building a Company
Crypto activist investor Diogenes Casares has built a reputation for going after DAOs like Aragon.But he's now building his own company, Stream Protocol, a trading platform he plans to turn into a decentralized perpetual swaps exchange.Diogenes Casares doesn't have the kind of background that suggests he's a startup founder. The New York University student has

Ordinals Defy Bitcoin’s Design Principles but Offer Miners Huge Post-Halving Advantages
It wasn’t supposed to be possible. Yet, with the advent of Ordinals and BRC-20, the Bitcoin network is seeing an influx of major developments that have unlocked BTCFi — DeFi using Bitcoin as its primary asset. This has brought new capabilities to a network traditionally known for its transactional simplicity, with the total market cap

Race for Ether Futures ETFs Kicks Off With 6 Firms Filing SEC Applications
Volatility Shares filed for its ether futures ETF on July 28.The first ether futures ETF could go live on Oct. 12, if the SEC does not deny the application.As many as six entities have filed applications with the U.S. Securities and Exchange (SEC) for ether (ETH) futures-based exchange-traded funds (ETFs), following the bitcoin spot ETF…

Coinbase Generated $520 Million in Revenue Last Year, Reuters Estimates
news Cryptocurrency exchange Coinbase brought in almost $520 million in global revenue in 2018, according to an estimate from Reuters. The news source based the figure on the exchange’s U.K. revenue, which grew 20 percent last year to 153 million euros ($173 million), according to a filing with the U.K.’s corporate registry. The British side…

Donald Trump’s NFTs Have Limits Normal Ones Don’t
Donald Trump is out with his latest digital collectible gimmick: Something resembling an NFT on the Bitcoin blockchain that effectively costs $9,900 but, unlike normal NFTs, cannot be traded by its owners anytime soon.The former U.S. president's NFT venture announced in a post on X that collectors who pay $99 apiece for 100 of his

British Tax Authority Seeks Data from Crypto Exchanges in Search of Tax Evaders
news HM Revenue & Customs, the British tax authority, is pressuring cryptocurrency exchanges to reveal customers’ names and transaction histories, in a bid to claw back unpaid taxes, industry sources said. Letters requesting lists of customers and transaction data have landed on the doorsteps of at least three exchanges doing business in the U.K. – Coinbase,…

110 Crypto Exchanges Are Reportedly Trying to Get Licensed in Japan
news Japan’s interminable winter for cryptocurrency exchanges seems to have thawed. The Financial Services Agency (FSA), Japan’s top financial watchdog, told crypto news site Bitcoin.com that 110 exchanges are in “various stages of registration.” In 2018, the FSA, did not grant approval for any crypto exchanges to begin operating in the country. The year prior, the…

Meme Coin Liquidity Hits Record High Even as Bid-Ask Spread Spotlights Risk
Record liquidity, measured by 1% market depth, suggests ease in executing orders and stable prices.Nevertheless, bid-ask spreads remain elevated, a sign the tokens are still considered relatively risky.Executing trades in prominent meme coins is easier than ever now that liquidity, as measured by 1% market depth, has surged to record highs, according to data tracked