A new report from Coindesk claims that banking giant JP Morgan is severing ties with crypto exchange Gemini. JP Morgan began offering both Gemini and Coinbase banking services in May 2020 (Coinbase told Coindesk it still has a deal with the bank.) Gemini was quick to push back on the news, tweeting that “despite reporting to the contrary, Gemini’s banking relationship …...
There’s a new way for crypto services to offer liquid staking for customers. Liquid Collective is a protocol that will let the likes of institutional players like Binance offer liquid staking to users. It launched Tuesday and is governed by a group of crypto leaders, including Coinbase, Acala, Alluvial, and Bitcoin Suisse. Why is this a big deal? Because …...
Lawyers for Grayscale and the SEC went before a federal appeals court Tuesday over the company’s proposal to launch the country’s first-ever Bitcoin spot ETF (exchange-traded fund.) Bitcoin spot ETFs aren’t legal in the U.S.— the agency has shot down over a dozen applications for one. So this case between Grayscale and the SEC is kind …...
Yuga Labs, the company behind the Ethereum-based Bored Ape Yacht Club NFT collection and the biggest player in the NFT world, just made 733 BTC ($16.5M) from its first-ever Bitcoin NFT auction. The top 3 winning bids out of the 288 NFTs, named Twelvefolds, were: The lowest winning bid was 2.25 BTC, while the average winning …...
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