The RMI is spread across more than 1,000 islands in the Central Pacific region. It has an average elevation of six feet above sea level and a population of about 56,000. With a 2022 GDP of $261 million, the sale of a single fishing boat led to a drop in GDP of 4.5% that year. Continue Reading on Coin Telegraph More
According to a company blog post, Claude 2 shows improvements across nearly every measurable category. Perhaps most noteworthy among the differences between it and its predecessor is how the researchers discuss their work. Continue Reading on Coin Telegraph More
Many social media users reported the FTX claims portal went live on July 11, offering customers of the failed crypto exchange who had accounts with FTX, FTX US, Blockfolio, FTX EU, FTX Japan and Liquid the opportunity to access their account information and submit claims for consideration in the firm’s restructuring proceedings. According to FTX’s Kroll page, users had until Sept. 29 to submit claims.Continue Reading on Coin Telegraph More
The lawsuit triggered a 42.5% drop in ADA’s price from $0.37 to a two-year low at $0.21 within a few days after SEC’s lawsuit.Continue Reading on Coin Telegraph More
NEW YORK (Reuters) – Exchange operator Cboe Global Markets (NYSE:CBOE) on Tuesday filed amended applications to list and trade shares of three spot bitcoin exchange-traded funds, including one by Fidelity, to add surveillance-sharing agreements with crypto-trading platform Coinbase (NASDAQ:COIN).Shares of Coinbase closed up 9.8% at $89.15 on Tuesday and hit their highest level since Aug. 16 of last year.The U.S. Securities and Exchange Commission has rejected dozens of spot bitcoin ETFs in recent years, regularly saying the exchange proposals do not meet standards designed to prevent fraudulent and manipulative practices and protect investors and the public interest.To meet the standards, an exchange could show it “has a comprehensive surveillance-sharing agreement with a regulated market of significant size related to the underlying or reference bitcoin assets,” the SEC said.Nasdaq on June 29 refiled an application with the SEC to list a spot bitcoin ETF by BlackRock (NYSE:BLK), the world’s largest asset manager, which also included a surveillance-sharing agreement with Coinbase.Cboe had earlier said it expected to reach such an agreement with Coinbase, which attracted roughly half of U.S. dollar-bitcoin trading in May on its platform.The SEC last month sued Coinbase for failing to register as an exchange and evading disclosure requirements meant to protect investors, as part of a wider crackdown on crypto intermediaries.Coinbase said in a letter filed last month in Manhattan federal court that it will ask a judge to toss the SEC lawsuit, arguing the regulator lacks authority to pursue civil claims because the crypto assets trading on its platform are not “investment contracts,” and thus not securities. More
In a consultation paper released on July 11, HM Treasury said the regulatory sandboxes which will be established under the country’s Financial Services and Markets Act will provide the U.K. government the time to modify existing legislation, if needed, for crypto products. The proposed framework was aimed at giving firms the opportunity to operate as parliament considers where its products or services may fall under existing regulations.Continue Reading on Coin Telegraph More
By partnering with exchanges, such as Binance, Coinbase (NASDAQ:COIN), KuCoin and others, market makers try to reduce spreads in highly liquid markets, benefiting both retail and institutional participants. Cointelegraph Research has compiled a database of about 50 crypto market makers operating worldwide, with detailed information on their activities and focus.Continue Reading on Coin Telegraph More
This article will discuss important factors for maximizing tax savings in both the traditional financial markets and the cryptocurrency space.Continue Reading on Coin Telegraph More
