Largest Ethereum-based Decentralized Exchange Delisting Tokens

Lewis

What happened: The largest Ethereum-based (CRYPTO: ETH) decentralized cryptocurrency exchange has delisted several tokens ahead of anticipated regulatory scrutiny. Uniswap has removed Tether Gold and tokenized stocks from crypto derivatives platforms like Synthetix.

The move by Booklyn-based Uniswap Labs is in response to US laws preventing the company from selling certain investments.

Why it’s important: The delistings come after an international crackdown on Binance, the world’s largest crypto exchange, which had to suspend trading of its tokenized stocks after regulatory officials in the U.K, Hong Kong, Germany and Italy said they could constitute securities. Decrypt

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Crypto gains after Musk reveals he owns Ethereum, revised Bitcoin stance

Lewis

Zack Guzman joins Myles Udland, Brian Sozzi, and Julie Hyman to break down Elon Musk’s most recent comments on cryptocurrency and how these comments will affect the crypto space moving forward.

Video Transcript

There was a much anticipated Bitcoin conference or crypto conference more broadly, that happened yesterday. A lot of heavy hitters there. Elon Musk, Jack Dorsey, Kathy Wood, as Myles just mentioned a few minutes ago. As usual, Elon Musk in particular, a font of quotables from that conference. Zack Guzman was monitoring it along with us.

I’m trying to pick what my favorite one was, Zack.

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These Are The Ten Worst Cryptocurrencies

Lewis


4 min read


This story originally appeared on ValueWalk

The crypto market has been among the best performers over the past few years. Moreover, the COVID-19 pandemic has accelerated the acceptance of cryptocurrencies. According to Crunchbase, the crypto and blockchain sector has attracted almost $12.4 billion in venture investment into U.S. companies since 2017. In terms of performance also, most cryptos performed well, but some were unable to get into the green zone. Let’s take a look at the ten worst cryptocurrencies on the basis of return.

Q2 2021 hedge fund letters, conferences and more

Ten Cryptocurrencies

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Crypto-based ‘shadow financial market’ spooks regulators

Lewis

Watchdogs are warning that some DeFi activities are probably illegal under federal law and pose serious danger to consumers, who are putting their money into systems that have inherently less human oversight and accountability and are vulnerable to cyberattacks.

“I’m very concerned there’s none of the reporting, none of the normal pricing and regulatory limits,” CFTC Commissioner Dan Berkovitz said in an interview. “The bottom line is there’s no free lunch anywhere in the economic system.”

The small but rapidly growing sector — activity is measured in the tens of billions of dollars — is posing a major challenge for

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Bank of America Is Clearing Crypto ETPs for Hedge Funds in Europe: Sources

Lewis

Bank of America’s prime brokerage unit has started the clearing and settlement of cryptocurrency exchange-traded products (ETPs) for hedge funds in Europe, according to three sources with knowledge of the matter.

This is the second recent move on the part of the traditionally conservative bank in the volatile cryptocurrency arena. As reported last week by CoinDesk, Bank of America has also approved the trading of bitcoin futures for some clients and is clearing cash-settled contracts.

Bank officials may have felt they could not ignore an asset class that has seen numerous companies dive in. The demand for products such as

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