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News on Medial
A last-ditch plan to save the crypto industry
Wired
·
1y ago
Medial
The Wired article discusses venture capitalist Chris Dixon's new book, "Read Write Own: Building The Next Era of the Internet," where he argues that blockchain technology could kick-start a creative new era of the internet. Dixon believes that blockchain has the potential to reverse the trend towards internet consolidation and restore communities to be stewards of the future. He acknowledges the shortcomings of blockchain but emphasizes that the alternative of a siloed internet is worse. Dixon hopes policymakers don't overreact and choke off ideas that could rejuvenate the internet.
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Coinbase to launch new lending platform aimed at large institutional investors
Economic Times
·
1y ago
Medial
The crypto industry, which was reeling from several high profile failures, got a boost last week after a three-judge panel ruled that the Securities and Exchange Commission (SEC) was wrong in rejecting Grayscale's proposed bitcoin ETF without explaining its reasoning.
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At crypto summit, Donald Trump says US will be 'the Bitcoin superpower'
Economic Times
·
5m ago
Medial
At a White House crypto summit, President Donald Trump met with key U.S. crypto industry figures, signaling his recent support for digital currencies. Trump, formerly a skeptic, has altered federal crypto policies and expressed ambitions to make the U.S. a global cryptocurrency leader. The summit underscored Trump's personal investments in crypto and his government’s pivot to pro-crypto strategies, while also revealing concerns over potential conflicts of interest due to his family's involvement in the industry.
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WazirX Eyes 'Panama' for Fresh Start After Revival Plan Rejected in Singapore
OutlookIndia
·
2m ago
Medial
Crypto exchange WazirX faced a major setback as the Singapore High Court rejected its restructuring plan after a $235 million cyber heist. The court cited regulatory lapses, and despite creditor backing, the proposal was dismissed. In response, WazirX plans to relocate operations to Panama through Zensui Corporation to bypass stringent Singapore regulations. The move comes after North Korean hackers allegedly stole a significant portion of the exchange's crypto reserves, prompting discussions on cybersecurity in the crypto sector.
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Jeff Bezos sells Amazon shares worth $4 billion in 4 trading days
Livemint
·
1y ago
Medial
Amazon founder Jeff Bezos has sold 24 million of his company shares, making over $4 billion in the process. This is the first time Bezos has sold shares since 2021, and follows his announcement of a plan to sell up to 50 million shares in the next year. The sale comes after Amazon's stock price saw a 13% increase earlier this year, but slipped 2.2% following the last day of Bezos' share sales. Bezos' decision to move from Washington state to Florida, which does not impose a capital gains tax, could help him save an estimated $288 million in taxes.
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4 days to go: TC Sessions: AI is almost in session | TechCrunch
TechCrunch
·
2m ago
Medial
TechCrunch Sessions: AI event at UC Berkeley on June 5 gathers AI builders, researchers, funders, and enthusiasts for a day of clarity, candor, and connection. The event includes fireside chats, breakout sessions, and the So You Think You Can Pitch competition for startups. Attendees can save over $300 on tickets and get discounts for additional passes. As prices rise soon, it’s a last chance to secure affordable access to insights from industry leaders like OpenAI and Anthropic.
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JD Vance says US should use bitcoin as an advantage in rivalry with China
Economic Times
·
2m ago
Medial
JD Vance advocates for the U.S. to leverage Bitcoin to gain a strategic advantage over China, which bans crypto trading and mining. He suggests China's opposition to Bitcoin should prompt the U.S. to embrace it. Vance praises former President Trump's efforts to enhance America's crypto policies, including creating a Bitcoin reserve. The U.S. has seen increased crypto interest, with Congress working on regulatory frameworks, amid significant lobbying from the crypto industry.
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Crypto industry descends on Dubai as Trump euphoria recedes
VCCircle
·
3m ago
Medial
Cryptocurrency enthusiasts gathered in Dubai for the TOKEN2049 conference amid a shift in sentiment following early optimism over Donald Trump's support for crypto. Industry leaders, including major firm executives and Eric Trump, discussed the potential impact of political promises on regulation. While crypto prices have fallen, investment remains strong, with $5.4 billion poured into the sector in early 2025. The UAE is emerging as a crypto hub, attracting significant investment and continued industry expansion.
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CoinSwitch lays off 44 employees in customer support team, cites role redundancy
Money Control
·
1y ago
Medial
Crypto startup CoinSwitch, backed by Tiger Global, has laid off 44 employees from its customer support team, attributing the redundancies to decreased customer queries amid a drop in crypto trading volumes. The layoffs come amidst regulatory uncertainties and high taxation in India's crypto industry. CoinSwitch, one of India's two crypto unicorns, is valued at $1.9 billion and plans to expand offerings beyond crypto into wealthtech. The company clarified that it follows a half-yearly appraisal cycle and denied having a separate operations team.
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Asia emerges as a promising haven amid the crypto winter
Startup News FYI
·
1y ago
Medial
The Asian crypto industry is thriving despite a crypto "winter" in the US. The recent Token2049 crypto conference in Singapore saw a record turnout, highlighting the growing enthusiasm and adoption of cryptocurrencies in Asia. With the US government cracking down on crypto companies, many projects are shifting their focus to Asia. The region's favorable policies, such as Hong Kong legalizing retail crypto trading and Singapore clarifying stablecoin regulations, have attracted web3 startups and investors. Asian markets offer growth opportunities and a more stable regulatory environment for crypto ventures.
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Charges against Binance may sharpen regulatory gaze on Indian crypto industry
Money Control
·
1y ago
Medial
Indian crypto industry insiders view the charges against Binance and CEO Changpeng Zhao's (CZ) resignation as an expected conclusion of the investigation into the world's largest crypto exchange. This event is expected to create short-term obstacles in global policy negotiations between industry players and regulators for a common regulatory framework. Binance and CZ pleaded guilty to breaking US anti-money laundering laws and agreed to a $4.3 billion settlement. The stepping down of CZ, found guilty of violating the Bank Secrecy Act, is considered a major turning point for the crypto industry globally and may lead to increased scrutiny of Binance in India.
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