Coinbase riding high amid $1.9B in transaction revenue and $1.6B in quarterly profit

In its second-ever earnings report as a public company, cryptocurrency exchange Coinbase appears to be on a winning streak, with revenues past 1000% and profits up almost 4900%.

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Crypto firm Circle to apply for a banking license as ‘National Digital Currency Bank’

Circle, a Boston-based crypto firm behind the USD Coin (USDC) stablecoin, announced plans to become a full-reserve national commercial bank, operating under the supervision and risk management requirements of the Federal Reserve

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JPMorgan Chase pitches Bitcoin fund for wealthy clients

JPMorgan Chase, whose CEO Jamie Dimon famously derided bitcoin as a fraud four years ago, is now offering an in-house Bitcoin fund to its Private Bank clients.

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Choice and Compass Mining unveil tax-free Bitcoin mining solution

IRA provider Choice and Compass Mining have rolled out a solution whereby clients can buy Bitcoin mining machines through individual retirement accounts (IRAs).

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Tether execs face criminal probe over bank fraud: report

Tether, a prominent stablecoin operator, is reportedly under criminal investigation over prior actions from its early days, including whether or not the company concealed from banks that transactions were linked to crypto.

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Ethereum co-founder Anthony Di Iorio bids adieu to crypto

Anthony Di Iorio, a co-founder of the Ethereum network, says he’s leaving the crypto world out of concern for his personal safety.

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Bitcoin slides toward $31,000 amid Fed Chair Powell remarks on stablecoins

Bitcoin slid toward $31,000 on Thursday, July 15 – its lowest level in around three weeks.

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Cryptocurrency startup Circle to go public in $4.5B SPAC deal

Circle, a cryptocurrency infrastructure company that claims to allow “businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications,”

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UK Financial Conduct Authority imposes ban on Binance Markets

This past weekend, the U.K. Financial Conduct Authority (FCA) said Binance Markets Limited, the U.K. division of cryptocurrency exchange Binance, was “not permitted to undertake any regulated activity in the U.K.”

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Iron titanium token falls to near zero amid panic-induced selling

The value of the iron titanium token, the share token of a decentralized finance protocol, fell from $60 to near zero in a day. The token was part of an algorithmic stablecoin project called Iron Finance.

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Goldman Sachs expands crypto foray beyond Bitcoin with plans to offer Ether options

Three months after relaunching its cryptocurrency trading desk, Goldman Sachs is expanding its cryptocurrency reach beyond Bitcoin and into Ether.

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ICYMI: State Street sets up crypto-focused business unit

State Street is launching a new business unit called State Street Digital, covering cryptocurrency, central bank digital currency, blockchain, and tokenization.

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Startup retirement provider ForUsAll to launch crypto-linked ‘Alt 401(k)’

Starting in July, some retirement savers will have the option to put some of their funds in crypto. Startup 401(k) provider ForUsAll, which works with small businesses, is partnering with cryptocurrency exchange Coinbase to allow users to allocate up to 5% of their holdings in cryptocurrencies.

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Square is considering creating a non-custodial hardware wallet for bitcoin

At a bitcoin conference in Miami last week, Square CEO Jack Dorsey said the company was considering creating a non-custodial hardware wallet for bitcoin, a move Dorsey said could help “take it to the next level and get to 100 more million people.”

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PayPal and Venmo users will soon be able to send crypto to each other and to external wallets

PayPal’s head of blockchain and crypto, Jose Fernandez da Ponte, announced that Paypal and Venmo users will be able to send bitcoin and other cryptocurrencies to one another and to other apps.

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