Author: American Coins & Gold

Controversial Crypto Firm Prometheum to Treat Uniswap and Arbitrum's Tokens as Securities
Prometheum is forging ahead with its strategy to comply with the U.S. Securities and Exchange Commission’s view on cryptocurrency transactions by letting two more tokens into its custody operation for crypto securities, whether the rest of the industry agrees or not.

BlackRock’s ETHA Becomes First Ethereum ETF to Cross B in Net Inflows
ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined.

Cipher's Bitcoin Mining Business Remains Compelling, Canaccord Says
The mining business is a standout in the sector in terms of exahash growth, operating performance and low power costs, the report said.

First Mover Americas: Bitcoin Holds Below K Before U.S. Jobs Data Revision
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

'Wartime CEO': Urbit's Founder Returns in Shakeup at Moonshot Software Project
“We’re here to fix this,” Curtis Yarvin says of the struggling endeavor to rebuild the entire internet computing stack from scratch.

Story Protocol Developer Raises M Series B, Led by A16z, for Intellectual Property Chain
“We’re focused on solving a real problem that impacts the creative industry, not just creating another technical tweak,” Story Protocol CEO SY Lee says.

German Regulator Seizes 13 Crypto ATMS
The machines were operating without the required BaFin permission and posed money laundering risks, the statement by BaFin said.

Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for 5M in Stock, Debt
The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to overhaul the company’s board before pursuing a takoever again.

Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group
Tether plans to seek licensing for the stablecoin under the U.A.E. Central Bank’s Payment Token Services Regulation.

Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.