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Overview In the third quarter, Coinbase exceeded expectations by recording favorable net income and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), despite the extended crypto market slump. The publicly-traded cryptocurrency exchange disclosed a net income of $2 million and an adjusted EBITDA of $181 million for the quarter ending on September 30, 2023. […]

Paypal Receives FCA Approval The global payments giant, Paypal, has achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, as confirmed by the FCA's website on October 31. This regulatory milestone comes shortly after Paypal temporarily suspended crypto purchases within the UK, with plans to reinstate these services at the beginning of

New York Judge Calls for Expedited SEC Decision America's securities regulator, the U.S. Securities and Exchange Commission (SEC), has been urged to quickly decide on a proposal to transform Celsius Network, a bankrupt cryptocurrency lender, into a bitcoin mining firm. Judge Martin Glenn, who oversees the bankruptcy proceedings of Celsius, called on the SEC to

Nigerian Fintech Startup Shifts Focus to Small and Medium-sized Businesses Vella Finance, a Nigerian fintech startup, has recently announced that it will no longer offer cryptocurrency-related services, opting instead to concentrate on providing banking services to small and medium-sized enterprises (SMEs). Co-founder Tolu Adedayo explained that this decision was driven by practical business considerations. According

Defi Market Shows Resilience with TVL Reaching $41.42 Billion The decentralized finance (defi) sector has experienced a significant rebound, as the total value locked (TVL) in defi protocols surpasses $40 billion. This milestone comes after the TVL remained below this level since mid-August. Furthermore, the top 100 defi coins by market capitalization are on the

Introduction Ricardo Salinas, a prominent billionaire and the honorary chairman of TV Azteca, recently expressed his belief in the importance of Bitcoin as a store of wealth. In an exclusive interview with Bitcoin Magazine reporter Isabella Santos, Salinas discussed the cryptocurrency's ability to protect against inflation and its potential to revolutionize traditional financial systems. This

Ricardo Salinas on Bitcoin as a Hedge Against Inflation Tax Mexican billionaire Ricardo Salinas believes that bitcoin offers a unique solution to safeguarding wealth against inflation tax. He emphasizes that people's savings are being eroded without their consent or knowledge. According to Salinas, the debasement of currency is a cunning technique employed by fraudsters to

In a significant development, the U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Ripple's executives, CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple's chief legal officer stated that the SEC's decision to dismiss all charges against the executives is not a settlement but a surrender on their part. Meme Coin Market Plummets

Introduction The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have recently updated their crypto policy in response to industry enquiries. The authorities have introduced additional measures to protect retail investors, particularly by restricting their access to what is considered "complex products" in the virtual asset (VA) market. Background

Chairman of the Federal Reserve, Jerome Powell, emphasized his commitment to decreasing inflation in a recent address. He also hinted at the possibility of additional increments in interest rates to regulate persistent price pressures. Here, we delve into his speech and its implications on the market. Fed's Tightening Monetary Policy: A Solution to Persistent Inflation?