KPMG touts ESG benefits from Bitcoin, counters misperceptions in new report
The report compares Bitcoin energy usage to that of clothes dryers (equal) and its emissions to those of manure (much less) in a slight but readable document.
Robinhood turns profitable in Q2, but crypto revenue declines
Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline.
Aave price takes double-digit hit, but strong fundamentals point to eventual recovery
The Aave price may have been impacted by this week’s Curve Finance scandal, but a robust insurance fund and steady fee revenue could protect against further downside.
US DoJ is concerned about a run on Binance should prosecutors bring fraud charges: Report
Officials reportedly speculated an indictment against Binance in the U.S. could cause a run on the exchange similar to what happened with crypto exchange FTX in November 2022.
Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013
A crypto bill signed into law in 2022 paved the way for the Ukrainian government to amend its tax code, but local exchanges still largely operate outside this framework.
Worldcoin to allow government and businesses to use ID system: Report
New reports reveal that Worldcoin plans to expand its operations to sign up more users by allowing organizations and governments to access its technology.
ETF analyst raises spot Bitcoin ETF approval chances in the US to 65%
The ETF analyst predicted that recent developments in the Ripple vs. SEC case and the upcoming Grayscale lawsuit would be crucial to the first spot Bitcoin ETF approval.
Mixed signals: Binance denies reports of $90 billion in crypto trades in China
Binance has refuted claims published in the Wall Street Journal that despite China’s crypto ban, the exchange has conducted billions in crypto-related business in the country.
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