Coinbase must be cranking AC/DC, the Little River Band and Rick Springfield in the halls of its SF headquarters. Securing an Australian Financial Services License (AFSL) is a significant step toward expanding its global footprint, positioning itself ahead of new regulatory requirements that will soon apply to digital asset platforms in the land down under. The move effectively transitions Coinbase from a long-standing market participant into a fully regulated financial services provider within Australia. “The AFSL – granted ahead of incoming legislation that will require digital asset exchanges to hold one – provides us with the regulatory foundation to bring the Everything Exchange to Australia,” the company said in a…
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Russell Starr, Head of Capital Markets at DeFi Technologies, which has launched a new ETP that allows inverse tracking of bitcoin.DeFi’s Valour Engineers a Hedge for Bitcoin
New ETP provides convenient way to establish inverse position
Bitcoin investors looking for ways to lock in their gains without having to sell their beloved HODL stash have a new option. DeFi Technologies, via its subsidiary Valour, has an innovative Exchange Traded Product (ETP) that trades inversely to the coin. They’re calling it Valour Short Bitcoin (SBTC). Maybe you’ve ridden up from 26K in October to 73K in mid March, and then agonized on the recent fall back to the high 50s. If so, you’ve probably thought about how great it would be to lock in the gains at 70 without having to sell, since you’re dead certain Bitcoin 100K is right around the corner. Well, now you can.…
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Image from Etcher's The Halvening: an interdisciplinary collaboration between artists from around the globeBeyond Overpriced JPEGs
The hottest new NFT projects are on Bitcoin?
“The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime… I don’t believe a second, compatible implementation of Bitcoin will ever be a good idea.” The creator of Bitcoin, known by the pseudonym Satoshi Nakamoto, wrote these words in a forum post on June 17, 2010, and they set the tone for the protocol’s slow evolution in the 13 years since. Bitcoin’s deliberate approach to change and innovation is rooted in a commitment to security, stability and decentralization. Developers and thought leaders in the Bitcoin community have emphasized the importance of maintaining a slow and…
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Crypto Start-up Profile: Superfluid
Upgrading payroll, vesting and airdrops via continuous asset streaming
Ever wonder why our paychecks typically come twice a month or bi-weekly, in some cases weekly? In the 19th century it was common for workers to be paid monthly, at the end of a season – or in the case of seamen, at the end of a voyage when profits were divided. Labor historian Nelson Lichtenstein traces the modern pay cycle to World War II, when the U.S. Congress passed the Revenue Act of 1942 to increase revenue to fund the war effort and introduce the country’s first tax withholding system. Given the complexities of calculating pay rates, tax, healthcare and other deductions, as well as managing a company’s human…
