Cryptocurrency prices went nowhere this week as focus remained on the happenings in the United States, where data revealed that the economy was weakening. Bitcoin price remained in a consolidation phase even as the US dollar index (DXY) plunged. Ethereum was a major winner as its price approached $2,000. This coin price prediction will like […]
Tag: STO
CA Financial Watchdog Joins Multi-State $10M Settlement With Robinhood
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The California Department of Financial Protection and Innovation (DFPI) announced on Thursday, April 6th, that it is joining a multi-state settlement with the online broker Robinhood. According to the press release, the $10 million […]
PRL Token Founder “Bruno Block” Pleads Guilty to $5.5M Tax Evasion
Amir “Bruno Block” Elmaani, the 31-year-old Founder of the Oyster Protocol that powers Pearl (PRL) tokens, has pleaded guilty to allegations of tax evasion to the tune of $5.5 million. US prosecutors disclosed this on Thursday, noting that the crypto entrepreneur has agreed to pay restitution of at least the same amount. Elmaani, who was […]
DPRK Stole an Estimated $1B In Crypto in 2022
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. According to a report from Thursday, April 6th, North Koran hackers stole as much as $1 billion worth of cryptocurrencies and other digital assets in 2022. The UN estimates the number more than doubled […]
Self-Custody Wallets are Thriving as Counterparty Risk Highlights Need to ‘Be Your Own Bank’
As longstanding flaws in the existing banking system continue to be exposed, investors from around the world are continually looking decrease their exposure to counterparty risk wherever possible. The idea of this is one on which Bitcoin (BTC) was originally founded and underscores the oft repeated phrase to ‘be your own bank’. With this being the […]
TradFi Doubles Down on Crypto Investments and Services Offering
Institutional interest in digital assets remained unfazed even as the appetite for crypto products declined in Q1 on account of the uncertainty engulfing the sector and its players. Reports tracking these pooled investment funds noted an undaunted demand for crypto-based products. The latter observation was reflected by increasing bets on the asset class undismayed by […]
Reddit’s Third-Generation NFT Avatars to Drop Next Week
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Reddit has deployed the contract for its third generation of blockchain-based digital collectibles, called “Reddit Avatars,” on the Polygon blockchain, with an official launch planned for next week. The new collection comes as the […]
FDIC Announced Sale of $115B Worth of SVB and Signature Securities
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Wednesday, April 5th, the Federal Deposit Insurance Corporation announced its plans to liquidate $115 billion worth of Signature and Silicon Valley Bank securities. The FDIC became the receiver for the two banks early […]
Only 0.53% Crypto Investors Paid Taxes on Digital Asset Investments in 2022
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. According to a recent study conducted by Divly, a tax preparation service based in Stockholm, Sweden, only about half a percent of global cryptocurrency investors paid taxes on their digital assets in 2022. There […]
BGB price sees uptick after Dragonfly invests $10M in Bitget
BGB price rose to highs above $0.42, with current price roughly 20% off all-time highs of $0.51. Dragonfly Capital made a $10 million strategic investment in crypto derivatives exchange Bitget Bitget will use the capital injection to expand its products and promote crypto education. Bitget Token (BGB) traded higher as the community around the cryptocurrency […]
