Over 16% Americans dabbled in crypto - Coinbase CFO

04:00pm, Wednesday, 08'th Dec 2021 Breaking the News 24/7
Over 16% of United States citizens have "invested in, traded, or used cryptocurrencies" at one point, Coinbase Global, Inc. CFO Alesia Haas said on Wednesday. During her testimony before th
Yesterday I got an updated pitch on a nice looking investing app in Japan. The founders (in Tokyo) worked at Twitter and Coinbase. I don’t know much about the demographics of Japan or the investing environment. I do know that Japanese stocks have gone mostly nowhere for decades and that the Japanese are big savers …

Watch Live: Crypto CEOs Testify Before Congress

02:45pm, Wednesday, 08'th Dec 2021 Zero Hedge
Watch Live: Crypto CEOs Testify Before Congress Top executives from six crypto firms - Coinbase, Circle, FTX, Paxos, Bitfury and Stellar - will testify before the House of Representatives Committee on Financial Services this morning. The hearing reflects crypto''s growing importance in Washington , D.C., and could influence future regulation of the fast-growing industry. The hearing will see the executives deliver written testimony - which you can read here - and committee members grilling them on what they say. Watch Live (due to start at 10amET): As Decrypt.co''s Jeff John Roberts details below , the official agenda for the hearing is focused primarily on stablecoins but, according to a person involved in its preparations, is likely to entail a much broader discussion about crypto and its place in the economy and society. Here are 6 things to watch for: 1. Will Congress take crypto''s potential seriously? In theory, this hearing offers lawmakers an opportunity to debate how crypto and blockchainpossibly the most important new technology of the last decadecould expand financial inclusion and innovation in the U.S.
Popular blockchain oracle network Chainlink has boarded former Google CEO and billionaire Eric Schmidt as one of the networks strategic advisors. Schmidt has joined the likes of former Coinbase CTO Balaji Srinivasan and Cornell computer science professor Ari Juels who are helping Chainlink labs drive its multi-chain interoperability goal. Eric Schmidt is now an advisor [] The post Former Google CEO becomes strategic advisor at Chainlink appeared first on Our Bitcoin News .
Popular Singapore-based crypto hedge fund Three Arrows Capital has bought nearly 100,000 ETH in the last two days, Chinese crypto-journalist Colin Wu reported Tuesday. The bulk purchase, conducted with the help of FTX, Binance, and Coinbase crypto exchanges, was later confirmed by blockchain explorer Etherscan. At press time, the largest altcoin was trading at $4,267.8, [] The post Three Arrows Capital acquires $400M in ETH in latest buying frenzy appeared first on Our Bitcoin News .
The post 91,477 ETH Worth $400M Transferred From Exchanges to Three Arrows Capitals Wallet in 2 Days appeared on BitcoinEthereumNews.com . Around $400 million worth of Ether (ETH) was transferred from cryptocurrency exchanges FTX, Binance, and Coinbase to the wallets belonging to hedge fund Three Arrows Capital (3AC). This was enough

Drilling down into crypto tax amid HMRC''s controversial stance on location of assets

09:27am, Wednesday, 08'th Dec 2021 International Investment
As the cryptoasset market continues to grow in value and popularity, HMRC''s guidance on the tax status of cryptoassets in the UK continues to evolve, according to a briefing note by Joshua Boughton, senior associate and Toby Ney, associate of global law firm TaylorWessing. HMRC now has an internal manual dedicated solely to the tax treatment of cryptoassets, which was last updated in April 2021. Here, they consider HMRC''s current position, and the impact this may have for UK resident individuals currently investing in cryptoassets. They point out that the briefing note is principally concerned with the most common form of cryptocurrency, sometimes known as the exchange token (of which the most popular type is Bitcoin). There are many other types of cryptoassets. HMRC''s treatment of cryptoassets HMRC does not consider cryptoassets to be equivalent to currency or money, and therefore treats them as a traditional asset for tax purposes. In addition, HMRC considers that investing in cryptoassets is not analogous to gambling (such that any profits made on investments in cryptoassets would not be taxable).
Large swathes of the internet were in a state of disarray after the system began experiencing issues on Wednesday.
Disney+, Coinbase, Slack and other websites were taken down for some users as a result of the AWS outage. READ FULL ARTICLE The post #amazon Web Services outage brings some delivery operations to a standstill appeared first on ByteFunding .
Seven altcoins are surging after a surprise listing by top US crypto exchange Coinbase.
Executives from the top crypto firms in the US will be testifying in an upcoming hearing on digital assets to the House Committee on Financial Services, led by Congresswoman Maxine Waters.
MongoDB MongoDB shares jumped as much as 21% Tuesday following a better-than-expected earnings report. Revenue from Atlas jumped 84%, with Coinbase moving more workloads to the

IDEX Token Surged 60% After Latest Coinbase Listing: Analysis

05:19pm, Tuesday, 07'th Dec 2021 DC Forecasts
The IDEX token surged 60% after the latest listing on Coinbase with the overall market rebounding and other tokens posting impressive gains as well so lets read more in todays altcoin news. The so-called Coinbase effect is in full force as the American crypto exchange listed a few cryptocurrencies which pushed their prices to new []
The company''s Atlas revenue jumped 84% in the third quarter as crypto-exchange Coinbase began moving more workloads to the cloud database service.
Richard Lawler / The Verge : An AWS outage that began around 10:45am ET has led to disruptions for many services including Disney+, Tinder, Roku, Coinbase, Cash App, Amazon Music, and Venmo Amazon says it is working toward a solution Problems for some of Amazon''s AWS cloud servers are causing slow loading
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