The latest Consumer Price Index (CPI) report from the Bureau of Labor Statistics showed a 3.7% year-over-year (YoY) increase in August, a pickup from the 3.2% increase in July. Rising energy prices largely fueled the uptick, with prices rising 0.3% even when stripping out the volatile food and energy categories. Markets reacted to the report […]
Bitcoin has demonstrated remarkable resilience in the past year, surpassing inflation and the S&P 500 despite Canadian Prime Minister Justin Trudeau’s skepticism. Several Members of Parliament in Canada, from both the Liberal and Conservative Parties, have revealed that they own digital assets.Pierre Poilievre, the opposition leader, not only encouraged Bitcoin investment but also demonstrated his […]
Portals, a DeFi protocol aggregator, has announced the successful close of their Seed Extension, securing $500K. This Seed Extension builds on their recent $2M Seed Round funding, further bolstering their financial footing and allowing the team to accelerate the creation of a DeFi experience that is user-friendly, efficient, and comprehensive. Participants in the Seed Extension […]
Octav, a DeFi labeling and tax reconciliation platform, has raised $2.65 million in seed funding to help label the DeFi ecosystem and become the “QuickBooks of crypto.” The platform is led by Mathieu Baril and Luc Blackburn, both of whom have worked at companies like Zapper, Accedian Network and Otodata. Octav boasts a variety of […]
Franklin Templeton, a prominent asset management firm with $1.5 trillion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) seeking approval for the launch of a Bitcoin exchange-traded fund (ETF). This move follows a series of notable developments in the cryptocurrency ETF space, including a court ruling […]
Octav is a data analytics platform that simplifies Decentralized Finance (DeFi) investments for traders, tax professionals, and liquid asset management firms. The platform provides users with a pre-tax facilitator for cost-basis, profit & loss, and more.Octav recently raised a $2.65 million seed to help label the DeFi ecosystem and be the “Quickbooks of crypto.” The […]
PayPal, the Silicon Valley payments giant, has launched a new service that allows users to convert their crypto assets to US Dollars. This comes after the company launched its on-ramp service that allowed customers to buy crypto. The off-ramp service is available to wallets, dApps and NFT marketplaces, and it’s also live on MetaMask.The company […]
Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), is determined to have the agency regulate crypto assets. He will reiterate this view to lawmakers on September 12th. Gensler believes that most crypto tokens meet the Howey Test, which determines whether or not an asset or transaction can be deemed a […]
Coinbase has increased the interest rate on USDC held on the exchange from 2% to 5%, a 150% increase. This reward mechanism is funded directly by Coinbase and is not subject to SEC scrutiny. The move is an attempt to increase adoption of USDC, which has lagged behind its rival Tether’s USDT in terms of […]
Tom Emmer, the Majority Whip of the U.S. House of Representatives, has introduced an amendment that has drawn attention to the Securities Exchange Commission’s (SEC) actions in the cryptocurrency industry. In his statement, Emmer criticizes Gary Gensler, alleging that the SEC chair has overstepped his authority and is negatively affecting the American people. He urges […]
