📣📣 COIN BUREAU NEWSFLASH! – (25/05/22)
Here are some of today’s most important headlines:
1️⃣ Milestone: Coinbase Enters Fortune 500
In a milestone moment for the crypto industry, the popular crypto exchange, Coinbase has become the first crypto company to enter the Fortune 500 list. Coinbase ranked 437th on the list with recorded revenues of $7,839.4 million, an annual gain of 513.7%, and 3,730 employees globally.
The ranking was however calculated completely on the company’s 2021 revenues. Coinbase’s results for Q1 2022, on the other hand, were disappointing for investors with reported net revenue of $1.16 billion and a net loss of $430 million. In comparison, this was only half of Coinbase's net revenue of $2.49 billion in Q4 2021.
https://decrypt.co/101264/coinbase-first-bitcoin-company-fortune-500
2️⃣ Uniswap Hits $1 Trillion Cumulative Trading Volume
Popular DEX Uniswap has just passed $1 trillion in trading volume with a recorded cumulative userbase of 3.9 million wallet addresses thus far, according to data from Uniswap Labs.
The DEX launched in 2018 and has since expanded and provided support for multiple Ethereum layer-2 solutions along with plans to support the Moonbeam and Gnosis Chain in the future.
On comparing its 24-hour trade volume chart, the DEX has done consistently well dominating its competition in DEXs and even some CEXs such as crypto.com and Kraken.
https://cointelegraph.com/news/uniswap-breaks-1t-in-volume-but-has-only-been-used-by-3-9m-addresses
3️⃣ Central African Republic Set to Build Crypto Hub ‘Sango’.
According to an announcement on the Central African Republic (CAR)’s official Facebook page, the country is set to launch a cryptocurrency investment hub called ‘Sango’. Sango will be the country’s first legal cryptocurrency investment hub recognised by the country’s parliament.
The Facebook post provided a link to sango.org's landing page, where people could sign up for the waitlist. Those who join the waitlist received an email with a link to a 24-page presentation on ‘Sango’.
https://www.reuters.com/article/centralafrica-economy-bitcoin-idUSL5N2XG2OM
4️⃣ Seth Green’s Stolen Bored Apes Sparks IP Rights Discussion.
Seth Green, who had recently lost his BAYC NFT to a phishing attack last week, has sparked discussions surrounding the transfer of intellectual property rights under such a theft.
The discussions surround the future development of Mr Green’s TV show called ‘White Horse Tavern’ which features the stolen Bored Ape in question. The BAYC collection grants its NFT holders commercial rights over the image featured in their NFT. However, it does not stipulate instances of theft.
Many experts have weighed in their opinions on Twitter, with strong arguments from both sides. According to IP and tech law professor Eric Goldman of Santa Clara University, buyers are usually protected legally if they unwittingly purchase a stolen item, and Coin Center communications director Neeraj K. Agrawal suggested that Green could be sued if he continues to use the BAYC in his show.
https://cointelegraph.com/news/code-is-not-law-seth-green-thief-stole-bored-apes-not-the-rights-say-experts
5️⃣ Merit Circle DAO Proposal Seeks to Boot Early-Stage Investor YGG.
A recent proposal by a member of Merit Circle’s DAO seeks to oust early-stage investor Yield Guild Games (YGG) as an investor. The proposal came following a lacklustre response to a request for investors to outline their intentions “past and future” towards the DAO.
Members of the DAO have complained about the “lack of value” YGG has brought to the DAO hinting at a growing number of participants seeking to find backers that can prove their value beyond merely putting up cash.
While the proposal seems to have large support, some members have cautioned against the implications this could have for DAOs in the future.
https://www.theblockcrypto.com/post/148428/merit-circle-yield-guild-games-dao-dispute/
Here are some of today’s most important headlines:
1️⃣ Milestone: Coinbase Enters Fortune 500
In a milestone moment for the crypto industry, the popular crypto exchange, Coinbase has become the first crypto company to enter the Fortune 500 list. Coinbase ranked 437th on the list with recorded revenues of $7,839.4 million, an annual gain of 513.7%, and 3,730 employees globally.
The ranking was however calculated completely on the company’s 2021 revenues. Coinbase’s results for Q1 2022, on the other hand, were disappointing for investors with reported net revenue of $1.16 billion and a net loss of $430 million. In comparison, this was only half of Coinbase's net revenue of $2.49 billion in Q4 2021.
https://decrypt.co/101264/coinbase-first-bitcoin-company-fortune-500
2️⃣ Uniswap Hits $1 Trillion Cumulative Trading Volume
Popular DEX Uniswap has just passed $1 trillion in trading volume with a recorded cumulative userbase of 3.9 million wallet addresses thus far, according to data from Uniswap Labs.
The DEX launched in 2018 and has since expanded and provided support for multiple Ethereum layer-2 solutions along with plans to support the Moonbeam and Gnosis Chain in the future.
On comparing its 24-hour trade volume chart, the DEX has done consistently well dominating its competition in DEXs and even some CEXs such as crypto.com and Kraken.
https://cointelegraph.com/news/uniswap-breaks-1t-in-volume-but-has-only-been-used-by-3-9m-addresses
3️⃣ Central African Republic Set to Build Crypto Hub ‘Sango’.
According to an announcement on the Central African Republic (CAR)’s official Facebook page, the country is set to launch a cryptocurrency investment hub called ‘Sango’. Sango will be the country’s first legal cryptocurrency investment hub recognised by the country’s parliament.
The Facebook post provided a link to sango.org's landing page, where people could sign up for the waitlist. Those who join the waitlist received an email with a link to a 24-page presentation on ‘Sango’.
https://www.reuters.com/article/centralafrica-economy-bitcoin-idUSL5N2XG2OM
4️⃣ Seth Green’s Stolen Bored Apes Sparks IP Rights Discussion.
Seth Green, who had recently lost his BAYC NFT to a phishing attack last week, has sparked discussions surrounding the transfer of intellectual property rights under such a theft.
The discussions surround the future development of Mr Green’s TV show called ‘White Horse Tavern’ which features the stolen Bored Ape in question. The BAYC collection grants its NFT holders commercial rights over the image featured in their NFT. However, it does not stipulate instances of theft.
Many experts have weighed in their opinions on Twitter, with strong arguments from both sides. According to IP and tech law professor Eric Goldman of Santa Clara University, buyers are usually protected legally if they unwittingly purchase a stolen item, and Coin Center communications director Neeraj K. Agrawal suggested that Green could be sued if he continues to use the BAYC in his show.
https://cointelegraph.com/news/code-is-not-law-seth-green-thief-stole-bored-apes-not-the-rights-say-experts
5️⃣ Merit Circle DAO Proposal Seeks to Boot Early-Stage Investor YGG.
A recent proposal by a member of Merit Circle’s DAO seeks to oust early-stage investor Yield Guild Games (YGG) as an investor. The proposal came following a lacklustre response to a request for investors to outline their intentions “past and future” towards the DAO.
Members of the DAO have complained about the “lack of value” YGG has brought to the DAO hinting at a growing number of participants seeking to find backers that can prove their value beyond merely putting up cash.
While the proposal seems to have large support, some members have cautioned against the implications this could have for DAOs in the future.
https://www.theblockcrypto.com/post/148428/merit-circle-yield-guild-games-dao-dispute/