For centuries, the world’s elite have possessed the knowledge and asset planning to transcend national borders and become international citizens, seeking favorable tax jurisdictions and routes of escape should the economic or political situation deteriorate in their home countries. Today, Nomad Capitalist, a tax strategy and immigration advisory firm, brings that knowledge to crypto investors….

Popular cryptocurrency exchange ByBit announced it is halting operations in France and restricting account features for French users in an Aug. 1 press release. ByBit cited “recent regulatory developments” by France’s financial regulator, Autorité des Marchés Financiers (AMF), as the catalyst for halting operations in the European country. The centralized exchange cautioned French users that…

Bitcoin miner Riot Platforms missed estimates after posting its first quarterly loss since 2022, as the miners continues to feel the impact of April’s halving event. Riot posted a Q2 net loss of $84.4 million, or $0.32 per share, double the $0.16 per share loss  forecasted by investment research firm Zacks. It’s the first time the firm has…

The Bank for International Settlements (BIS) and Bank of England have released the results of their Project Pyxtrial to monitor the reserves of asset-backed stablecoins and tokenized assets. Pyxtrial is described as a proof-of-concept and an “important first step.” The system is not entirely ready for launch and, as its creators noted, the world isn’t ready…

Base, Coinbase’s layer-2 blockchain network, now hosts approximately 80% of Uniswap’s monthly active traders, crypto researcher Token Terminal said in a post on the X platform. Base launched in August 2023 and began rapidly gaining market share among decentralized exchange (DEX) traders in early 2024. It has now largely displaced rival blockchains, including Ethereum mainnet and Arbitrum…