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Latest from Nelson Wang
African Crypto Exchange VALR Raises $50M in Series B Led by Pantera Capital
Alameda Research and Coinbase Ventures were also investors in the round, which valued the company at $240 million.
Singapore State Investment Fund Temasek Eliminates Position in Coinbase
The investment giant previously held about 8,168 shares in the U.S.-listed crypto exchange.
US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules
A letter from a Treasury official addresses crypto industry concerns about access to customer information.
Former Attorney Pleads Guilty to Bitcoin Fraud That Bilked Investors Out of $5M
Philip Reichenthal and his co-conspirators persuaded their victims to send them millions of dollars to buy bitcoin and then just pocketed the money themselves.
FTX US to Offer Stock Trading Soon
The crypto exchange has begun signing up users for a wait list for its upcoming stock platform.
Hungary’s Central Bank Head Calls on EU to Ban Crypto Mining and Trading
The governor of the Hungarian National Bank said he agreed with the Russian central bank’s earlier proposal to ban crypto activities.
New FDIC Acting Chair Says Evaluation of Crypto Risks Is a Top Priority for 2022
Martin Gruenberg said agencies like the FDIC need to provide “robust guidance” to the banking industry on how to manage the risks to consumers posed by crypto assets.
Sen. Toomey Sounds Warning About China’s Digital Yuan as Olympics Start
The country is using the Winter Olympics in Beijing as an international test of its central bank digital currency (CBDC).
Meta Reports Loss of $10.2B on Augmented/Virtual Reality Operations in 2021
The company formerly known as Facebook also reported 2021 revenue of $2.3 billion from the newly broken out division.
PayPal Shares Slump as Revenue Growth Slows
The payment giant’s quarterly revenue increased 13% in the fourth quarter, down from a 25% increase a year ago.
