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Coinbase Unveils Web App to Track Personal On-Chain Wallets
Jumping in on a continued effort by wallet makers to simplify access and user experience, particularly for newcomers, Coinbase (COIN) is introducing an app that lets users manage all of their on-chain wallets and activities in one place, the company announced Thursday.
U.S. House Fails to Override Biden's SEC Veto of Bill That Would End Controversial SEC Guidance
A strong majority of the U.S. House of Representatives voted against President Joe Biden's defense of the Securities and Exchange Commission's contentious crypto accounting policy, but the turnout fell well short of the two-thirds of the House needed to override the president's recent veto. Biden had vetoed Congress' earlier bipartisan effort to erase the securities regulator's policy known as Staff Accounting Bulletin 121 (SAB 121), which 21 Democrats joined a majority of Republicans in supporting in May. The same number of Democrats joined the opposition in a Thursday vote seeking to negate the president's intervention. It had been expected to...
CoinDesk 20 Performance Update: NEAR and APT Lead as Index Rises 0.2%
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 closed at 1965.07, up 0.2% (+3.29). Fourteen of 20 assets closed higher. Leaders: NEAR (+2.8%) and APT (+2.6%).
Bitcoin Miner Ionic Digital Hires CFO to Shepherd IPO
Ionic Digital, the bitcoin {{BTC}} miner that bought all of the bankrupt lender Celsius' mining assets, hired John Penver as chief financial officer to oversee its upcoming initial public offering. Penver was previously CFO of data center service provider TSS (TSSI) and has more than 18 years of data center technology and infrastructure experience, the miner said in a statement on Thursday. "As CFO, Mr. Penver will focus on driving the [public] listing process for Ionic Digital, overseeing the company's financial operations, including financial planning, analysis, and reporting," according to the statement. Despite the bitcoin halving making the mining ecosystem tougher and less profitable to navigate, several private miners are vying to go public following bitcoin's record high earlier this year. Among them is financial services firm Swan Bitcoin. Genesis Digital Assets, formerly backed by Sam Bankman-Fried, and two of Northern Data's units were also among firms reportedly planning IPOs. Ionic is helmed by Matt Prusak, former chief commercial officer of Hut 8 (HUT) and USBTC. Earlier this year, the miner said it would acquire all of Celsius' mining assets as part of the bankrupt lender's emergence from Chapter 11.
Fireblocks Adds First Clutch of Crypto Safekeeping Firms to Its Global Custodian Program
Crypto custody firm Fireblocks named Zodia Custody, Komainu, CloudTech, Zerocap and Rakkar as the five firms to join its Global Custodian Partner Program, the companies said on Thursday. The global custodian program provides crypto institutions that use Fireblocks technology with local third-party crypto safekeeping options in their appropriate jurisdiction, be that in the U.K., Australia, Singapore, the UAE and Japan. Fireblock’s own recently announced New York Trust company application will cater to U.S. clients once approved, the custody firm said. Many institutions require custodial solutions when it comes to handling crypto. The Fireblocks partner program streamlines customers' digital asset treasury management and offers rapid digital asset transactions and dynamic payment workflows, the firm said in a press release.
U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K
Inflation continued to retreat in June, according to the government's Consumer Price Index (CPI) report on Thursday morning, with the June rate coming in at a negative 0.1% pace against forecasts for a gain of 0.1% and May's 0.0% read. On a year-over-year basis, the CPI was higher by 3.0% versus expectations for 3.1% and 3.3% in May. Core CPI – which strips out food and energy costs – also was better than hoped, rising 0.1% in June versus expectations for 0.2% and May's 0.2%. Core CPI year-over-year was up 3.3% versus forecasts for 3.4% and June's 3.4%. The price of bitcoin {{BTC}} jumped to $59,100 in the minutes following the report, higher by nearly 2% over the past 24 hours.
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