Key Takeaways The UK published its first official statistics on taxable crypto gains. 240 people each declared more than £1 million in crypto gains. 17,600 taxpayers reported £1.38 billion in total taxable gains. First Official Tax Report Identifies 240 Crypto Millionaires The UK government’s first official publication of taxable crypto asset gains showed that 240…
DeFi’s latest rally reflects growing expectations that protocol economics could matter more in token valuations. DeFi tokens have climbed nearly 38% since August 17 as investors reassess how US crypto policy could affect protocol revenue and token value. SoSoValue says the rally is moving DeFi closer to a market where fees, buybacks and on-chain…
Whoop has made screen-free wearables since its first proper release in 2015, but the shift in what Whoop considers itself to be about mirrors the change we see in the wider market. Today a Whoop band is made for just about anyone with the spare cash to pay for its $199 annual subscription. It’s a…
OCEAN co-founder Luke Dashjr left the Bitcoin mining pool on Aug. 29 after reaching a mutual separation agreement with its parent company, Mummolin Inc. He resigned as chairman, chief technology officer and director. Summary OCEAN co-founder Luke Dashjr resigned as chairman, chief technology officer and director by mutual agreement. Mummolin repurchased all Dashjr’s equity, ending…
Cars in European cities are smaller than ever. But as Europe’s appetite for microcars has grown, the cute Italian ‘yoghurt pots’ have largely given way to small Chinese EVs. Even Smart, the the iconic ultracompact car brand, has moved manufacturing to China. Spanish startup Liux thinks it can compete in a crowded market with a…
WEEK IN REVIEW Key Takeaways Charles Schwab added SOL, AVAX and LINK as its $13T crypto push expands beyond BTC and ETH. Circle minted 5B USDC in 1 week, signaling stronger liquidity as stablecoin supply rebounds. Coinbase and Better launched BTC mortgages after a waitlist projected over $260M in demand. $13T Asset Manager Charles Schwab…
“Institutions increasingly want to work with a trusted partner that can support the full lifecycle of digital assets,” said BitGo’s CEO. Crypto company BitGo has officially acquired NYDIG’s Bitcoin-focused institutional trading business. The deal was signed and completed on Thursday and reported on Friday, paying $7 million in cash and about $35.5 million in stock…
Snapchat says it is suitable for teens as young as 13, but Pennsylvania now alleges the app’s content and design tell a very different story. The state’s attorney general has sued the social media company, alleging Snapchat uses disappearing content, Snapstreaks, notifications, and other engagement features that encourage compulsive use among children. Pennsylvania says these…
Ripple has hired London Metal Exchange treasury executive Joseph Thompson for its trading and markets team, according to an Aug. 28 report. Summary Ripple appointed Joseph Thompson to the trading and markets team, focusing on tokenization strategy and delivery. Thompson leaves LME on August 31 after nearly ten years working at the metals exchange. He…
Are you visiting the Great Lakes before the end of summer? You may notice something odd when planning out the trip on Google. Lake Ontario is no more. Google Maps has renamed it to “Lake America.” Lake America on Google Maps Credit: Google Maps Try typing “Lake Ontario” into Google Search as well. Google takes…
