Author: American Coins & Gold

Crypto's Bet on Election Betting Expands to Solana
Perpetuals trading hub Drift protocol is adding a Polymarket-style prediction market – with some DeFi twists.

CoinDesk 20 Performance Update: UNI Drops 5.8% as Index Trades Lower
UNI falls 5.8% while NEAR loses 2’8% in mixed performance for CoinDesk 20’s top assets.

Bitwise Acquires London-Based ETP Provider ETC Group to Enter Europe
The acquisition of ETC Group’s $1 billion in assets under management takes Bitwise’s AUM above $4.5 billion.

Coin Center Wins Right to Sue U.S. Treasury, IRS Again Over Controversial Tax Reporting Rule
Crypto think tank Coin Center will get another shot at suing the U.S. Treasury Department over what it says is an “unconstitutional” amendment to the tax code that would require Americans to disclose the details of certain crypto transactions to the Internal Revenue Service (IRS).

Nigeria Planning to Present Law to Tax Crypto by September: Report
Nigeria’s Federal Inland Revenue Service (FIRS) plans to bring a bill for taxing the crypto industry to parliament by September, news outlet Punch Nigeria reported on Saturday.

First Mover Americas: XRP Outperforms as Digital Assets Start Week in the Red
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means
A court in Dubai ordered a company to pay an employee using a cryptocurrency token, as agreed in the employment contract. The ruling raises several questions even as it lends some legitimization to crypto in the region.

Attention Bitcoin Traders, the Japanese Yen Is Strengthening Again
A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies.

TON Leads Crypto Majors as BTC, ETH Remain Flat
GameFi heavy TON outperformed the CoinDesk 20 during the Monday trading day in Asia.

Shaquille O'Neal Will Have to Defend Some of the Allegations Against Him in the Astrals NFT Lawsuit
A U.S. court has granted one part and dismissed another part of a class action lawsuit against legendary basketball player Shaquille O’Neal for his role in the NFT project Astrals, according to court documents.