The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million….Read full story at CoinDesk >
Overall crypto market capitalization is at its highest level since May 2022 with nearly $400 billion added since the start of October….Read full story at CoinDesk >
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 30-Dec. 6, with live updates throughout….Read full story at CoinDesk >
Alex Tapscott, author of the recently published book Web3: Charting the Internet’s Next Economic and Cultural Frontier, takes us through Web3 investment opportunities in today’s Advisors….Read full story at CoinDesk >
Expectation of U.S. approval of a spot bitcoin ETF has led to an increase in DeFi and NFT activity in recent months, the report said….Read full story at CoinDesk >
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 30-Dec. 6, with live updates throughout….Read full story at CoinDesk >
AntPool said it would verify the identity of the sender if they sign an on-chain message via another bitcoin transaction using the same message – which will prove ownership….Read full story at CoinDesk >
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
Polygon quietly gave DraftKings’ validator preferential treatment while telling the public it was an “equal” member of the validator community….Read full story at CoinDesk >
Fasset, a digital asset investment platform, has won the licence to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional investors, qualified investors and retail investors….Read full story at CoinDesk >
With hot competition between layer-2 technology providers like Optimism, Polygon and Matter Labs, Celo’s choice is being closely watched by the blockchain industry….Read full story at CoinDesk >
An in-depth magazine story about the SEC chair reveals the breadth of the man’s ambition and the limitations of his record….Read full story at CoinDesk >
Binance said it will end support for its BUSD stablecoin on Dec. 15, following the exchange’s August announcement that it would “gradually” do so after Paxos, the company that actually issued it, was ordered to stop minting the coin in February….Read full story at CoinDesk >
Native token of the Iota ecosystem [IOTA] jumped 35% Wednesday on news about registering a development foundation in Abu Dhabi….Read full story at CoinDesk >
An unknown entity has bought 11,268 bitcoin [BTC] worth $424 million since November 10 in what appears to be a time-weight average price (TWAP) accumulation strategy….Read full story at CoinDesk >
Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists….Read full story at CoinDesk >
The U.S. Treasury Department’s Office of Foreign Asset Control listed two crypto addresses tied to Sinbad, a mixing service, in its latest sanctions list….Read full story at CoinDesk >
Wormhole, which was recently separated from parent Jump Trading Group after it scaled back its crypto operations, is a developer platform which allows different blockchain networks to communicate with each other….Read full story at CoinDesk >
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
The funding round was led by G1.VC, Spirit Blockchain, Good News Ventures, K2.CA and Atoia Ventures, with Mintfox also participating….Read full story at CoinDesk >
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings….Read full story at CoinDesk >
The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said….Read full story at CoinDesk >
Binance is paying literally billions of dollars and giving the U.S. government unfettered access to its books, while its founder and former CEO Changpeng Zhao is looking at maybe a year and a half in federal prison. But Binance the exchange is still operating, while federal prosecutors are admitting in court filings that CZ still has most of his money….Read full story at CoinDesk >
Coinbase CEO Brian Armstrong says the industry can finally close the chapter of bad actors after the recent settlement between Binance and the U.S. Department of Justice….Read full story at CoinDesk >
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 23-29, with live updates throughout….Read full story at CoinDesk >
Setter aims to address “the complexity and unfriendliness of current wallet technologies,” making entry into Web3 a seamless experience for more users….Read full story at CoinDesk >
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
The European Parliament’s Committee on Internal Market and Consumer Protection calls for the bloc to shape virtual worlds according to EU values….Read full story at CoinDesk >
The former BitMEX CEO said the record-breaking penalties against Binance represent an institutional bias against the transformative impact of cryptocurrency and blockchain technology….Read full story at CoinDesk >
The race to provide a key bit of infrastructure for bitcoin [BTC] ETFs – custody services – hasn’t actually been much of a race so far. Crypto exchange Coinbase has dominated so far, winning the job from the majority of applications from the likes of BlackRock, WisdomTree and Valkyrie….Read full story at CoinDesk >
Pro-market digital assets regulation and growing interest from large institutions are among the factors of the success so far, said Hashdex’s CEO….Read full story at CoinDesk >
Crypto investment funds last week attracted their largest inflow this year, extending their strongest run since the 2021 bull market as anticipation for a spot bitcoin [BTC] exchange-traded fund (ETF) continued to entice investors….Read full story at CoinDesk >
The FCA is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said….Read full story at CoinDesk >
Cosmos’ founder Jae Kwon urged his followers to split the chain into two following a decision by the community to approve a reduction in ATOM’s inflation to 10% from 14%….Read full story at CoinDesk >
Binance founder and former CEO Changpeng Zhao should be allowed to return to the UAE, where he is a citizen and lives, ahead of his February sentencing, his lawyers said, pushing back against a U.S. Department of Justice filing asking he not be allowed to leave the country….Read full story at CoinDesk >
Bitcoin [BTC] has risen above $38,000 for the first time since May 2022 after battling this level for the past two weeks….Read full story at CoinDesk >
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 24, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
The Bitcoin hashrate has been climbing steadily all year, and Antpool has edged ahead of Foundry while stockpiling bitcoin….Read full story at CoinDesk >
The bitcoin price could come under pressure as some of the money is likely to completely exit the ecosystem, the report said….Read full story at CoinDesk >
The settlement will significantly reduce the potential systemic risk emanating from a hypothetical collapse of the crypto exchange, the report said….Read full story at CoinDesk >
The pullbacks have become less deep over the past three weeks, suggesting the building up of bullish sentiment, one observer said….Read full story at CoinDesk >
Someone paid $3.1 million in transaction fees for a bitcoin [BTC] transfer on Thursday. Bitcoin miner Antpool was rewarded for mining the block, it received the standard 6.25 BTC as well as 85.2163 BTC in fees for all transactions included in the block, on-chain data shows….Read full story at CoinDesk >
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 23, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
Blast, a layer-2 blockchain that will go live in March, has garnered more than $225 million in staked assets since Monday, but many crypto investors remain skeptical….Read full story at CoinDesk >
The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers….Read full story at CoinDesk >
It appears bitcoin holders are not planning on offloading inventory at these price levels or any time soon, one observer said….Read full story at CoinDesk >
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
“I’m looking forward to returning to openai, and building on our strong partnership with msft (Microsoft),” Altman said in a post early Wednesday….Read full story at CoinDesk >
The overnight price volatility in bitcoin and other cryptocurrencies washed out a notable chunk of leverage from the market, with bitcoin alone seeing more than $65 million worth of liquidations in futures markets….Read full story at CoinDesk >
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng “CZ” Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies. Meanwhile, Kraken is facing a lawsuit from the U.S. Securities and Exchange Commission that echoes the SEC’s previous wave of suits….Read full story at CoinDesk >
Binance founder and former CEO Changpeng “CZ” Zhao has been released from custody on a $175 million personal recognizance bond….Read full story at CoinDesk >
Crypto exchange Binance and its founder, Changpeng “CZ” Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator’s lawsuit against it. The company is also settling with the U.S. Department of Justice and Treasury Department in parallel actions on Tuesday….Read full story at CoinDesk >
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department’s money laundering and sanctions watchdogs, according to press releases shared Tuesday….Read full story at CoinDesk >
After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation….Read full story at CoinDesk >
With two months to go before the U.S. Securities and Exchange Commission (SEC) faces another set of deadlines to decide on a large number of applications to form spot bitcoin exchange traded-funds (ETFs), analysts are speculating on how approval of such vehicles would impact the crypto industry….Read full story at CoinDesk >
Hurting the mood on Tuesday morning was the DOJ announcement of significant cryptocurrency enforcement actions to come later this afternoon….Read full story at CoinDesk >
The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through “pig butchering” scams….Read full story at CoinDesk >
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
The minutes of the Nov. 1 Fed meeting may be outdated, given the post-meeting softness in economic data and resulting expectations for renewed interest-rate cuts in 2024….Read full story at CoinDesk >
Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court….Read full story at CoinDesk >
Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too….Read full story at CoinDesk >
FTX-backed artificial intelligence company Anthropic’s CEO and co-founder Dario Amodei declined an offer from OpenAI’s board of directors to merge, according to a news report….Read full story at CoinDesk >
The Securities and Exchange Commission is doubling down on its allegations that certain crypto assets are securities. These allegations haven’t dampened investor enthusiasm for the tokens….Read full story at CoinDesk >
Crypto exchange Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday….Read full story at CoinDesk >