Binance determined the application was not necessary “when assessing [its] global needs.” The move is unrelated to the exchange’s legal settlement in the U.S….Read full story at CoinDesk >
The country’s treasury owns just over 2,700 bitcoin (BTC), which has yielded over $3 million in unrealized profit so far….Read full story at CoinDesk >
Increased interest in the three-dimensional options market suggests an influx of sophisticated traders in the crypto market….Read full story at CoinDesk >
Binance founder and former CEO Changpeng Zhao must remain in the U.S. until he is sentenced next February, a federal judge ruled Thursday….Read full story at CoinDesk >
Solana’s SOL token has more than tripled since mid-October as DeFi traders return to the ecosystem’s on-chain trading, borrowing, lending and yield-generating projects, most notably Kamino….Read full story at CoinDesk >
The NFT-like Ordinals inscriptions are anathema to some Bitcoin purists who want to preserve the blockchain for financial applications. But a few of the images are fetching eye-popping sums in the in-real-life art world….Read full story at CoinDesk >
The fund, offered by the startup’s investment management arm, Meanwhile Advisors, aims to attract institutional investors with a 5% yield….Read full story at CoinDesk >
The company said it chose Europe to anchor its crypto expansion outside the U.S. because of the region’s comprehensive rules….Read full story at CoinDesk >
A recent dovish shift in the outlook for monetary policy has played a sizable role in big gains for both crypto and traditional markets….Read full story at CoinDesk >
Gyroscope’s GYD token aims to protect against the risks of holding stablecoins by offering an alternative to centralized and algorithmic designs….Read full story at CoinDesk >
India is unlikely to bring a crypto or Web3-specific legislative bill anytime soon and perhaps all the way up to mid-2025, said one of the most senior politicians in India’s government overseeing the financial evolution of the nation….Read full story at CoinDesk >
Yakovenko emphasizes the importance of reaching a user base of 25-50K to sustain the Solana phone’s development in an interview with Laura Shin….Read full story at CoinDesk >
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 7-Dec. 13, with live updates throughout….Read full story at CoinDesk >
A federal judge accepted Binance founder Changpeng “CZ” Zhao’s guilty plea to one count of violating the Bank Secrecy Act, but has not yet weighed in on whether Zhao can go back to the United Arab Emirates before he is sentenced in February….Read full story at CoinDesk >
In this week’s issue of The Protocol newsletter, we’re highlight blockchain developers named in CoinDesk’s Most Influential list just out, including Blockstream’s Lisa Neigut, Polygon’s Jordi Baylina, Base’s Jesse Pollak and Optimism’s Karl Floersch….Read full story at CoinDesk >
The v26.0 upgrade contains experimental support for the v2 transport protocol as defined by Bitcoin Improvement Proposal 324 (BIP324)….Read full story at CoinDesk >
The BTT token from BitTorrent, the file-sharing platform that Tron bought in 2018, more than doubled in price on Wednesday amid apparent optimism about the Tron blockchain….Read full story at CoinDesk >
Asset manager BlackRock (BLK) turned some heads earlier this week when an updated prospectus for its spot bitcoin ETF application included a disclosure that it had collected $100,000 in seed capital for the fund….Read full story at CoinDesk >
The fundamentals of investing give an answer, and the impact from BTC ETFs from the likes of BlackRock and Fidelity could be huge….Read full story at CoinDesk >
Crypto exchange Coinbase (COIN) has updated its decentralized wallet, adding a low-cost way for users to instantly send money to each other through messaging apps by adding features that seem to emulate payments giant Paypal….Read full story at CoinDesk >
The listing marks the first time a euro stablecoin issued by a fully regulated bank is available on a cryptocurrency exchange….Read full story at CoinDesk >
Futures and options market metrics suggest traditional finance players and sophisticated market participants may soon rotate money into ether from bitcoin….Read full story at CoinDesk >
As unconfirmed transactions on the Bitcoin blockchain rise, Luke Dashjr, a prominent developer pledges that Ordinal Inscriptions are a ‘bug’ that will be fixed….Read full story at CoinDesk >
CoinDesk published its annual Most Influential list (it’s not a ranking, except for the top 10 being maybe more influential than the other 40). I wrote a few pieces (I had nothing to do with the art and didn’t know about it when I wrote the pieces), as did my CoinDesk reg team colleagues, but I wanted to take a minute to recognize other influential figures who we may see pop up again.
Tether’s USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted….Read full story at CoinDesk >
No, despite what you might have heard recently, Bitcoin transactions do not consume a swimming pool of water. Noelle Acheson dives into the fallacy, and points out that poor research is not the only culprit here….Read full story at CoinDesk >
In his first public interview since getting the job last month after founder Changpeng “CZ” Zhao was formed to step down amid a $4.3 billion legal settlement with the U.S. government, Teng said Binance’s compliance systems were inadequate in the past and that mistakes were made. But Teng, who has held senior positions at Binance for several years, refused to give answers about the company’s governance….Read full story at CoinDesk >
The move prompted $73 million in liquidations, during the day predominantly leveraged short positions betting on lower prices….Read full story at CoinDesk >
Asset manager BlackRock and crypto investment firm Bitwise both filed amended S1 forms with the Securities and Exchange Commission (SEC) on Monday, answering further questions likely asked by the regulator in earlier conversations….Read full story at CoinDesk >
The low-latency oracle network’s new “strategic partners” include Castle Island Ventures, Multicoin Capital and Wintermute Ventures. They could play a major role in shaping how the platform evolves….Read full story at CoinDesk >
EURCV isn’t the first Euro stablecoin, but it has the institutional backing of Societe Generale, a major European financial institution….Read full story at CoinDesk >
The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday, the most in six months….Read full story at CoinDesk >
Shares in the cryptocurrency exchange have rallied nearly 300% this year, and the latest chart pattern suggests further gains could still be in the offing….Read full story at CoinDesk >
Bitcoin hit a fresh yearly high of $42,000, pushing the market capitalization of all cryptocurrencies over $1.5 trillion for the first since May 2022….Read full story at CoinDesk >
The two firms will be integrating their data sets to allow developers to map their user journeys which span Web2 events - like clicks and app installs - and Web3 events like NFT mints….Read full story at CoinDesk >
The CoinDesk reporter belongs in the journalism hall of fame since there’s little, if any, precedent for the waves his story on Alameda Research and FTX stirred up….Read full story at CoinDesk >
A former journalist, Leung is the world’s most powerful female financial regulator in an increasingly important center for crypto….Read full story at CoinDesk >
As many corporations shied away from blockchain-powered initiatives this year, the shoemaker has been quietly building a model for how brands can use a Web3 backend to win new audiences….Read full story at CoinDesk >
The CFTC commissioner, in a year marked by an aggressive, sometimes arbitrary regulatory enforcement, stood out as an accommodator of innovation in the crypto sector….Read full story at CoinDesk >
Juliano’s dYdX switched from Ethereum to Cosmos in one of the year’s biggest blockchain defections. The project has big plans for 2024….Read full story at CoinDesk >
With the launch of Shibarium this year, Shytoshi Kusama and the SHIB community have established themselves as a force to be reckoned with in DeFi and Web3….Read full story at CoinDesk >
While much of the NFT market was taking beatings, the Pudgy Penguins CEO drove his brand forward, setting up shop with some of the largest retail stores in the country….Read full story at CoinDesk >
Blur upended OpenSea’s NFT marketplace dominance by focusing on big traders. Its cofounder, Pacman, who doxxed himself to face its burgeoning community, earns a spot on the Most Influential 2023….Read full story at CoinDesk >
Uniswap, the first decentralized crypto exchange of its kind, was Adams’ first and greatest contribution to Ethereum. The latest V4, inviting praise and criticism, earns him a spot on the Most Influential 2023….Read full story at CoinDesk >
With Binance founder Changpeng “CZ” Zhao gone, the new CEO has big shoes to fill as he’s tasked with cleaning up the reputation of the world’s largest crypto exchange….Read full story at CoinDesk >
Circle Internet Financial continued to build out the USDC stablecoin network, spreading access and inclusion to new corners of the world….Read full story at CoinDesk >
The Blockstream developer has been working on what she calls “Lightning v2” since 2019, and it’s poised to launch by year’s end….Read full story at CoinDesk >
With hundreds of millions at stake, Avery Ching, co-founder of one of the year’s most-talked-about new projects, has much to prove….Read full story at CoinDesk >
Coinbase’s layer-2 blockchain, which launched this year, helps the exchange to scale and reduce transaction fees. Rivals, like Kraken, are now said to be launching their own layer 2s….Read full story at CoinDesk >
BlackRock reignited interest in bitcoin ETFs this year, in part driven by CEO Fink’s strong statements on the role of BTC as an international currency….Read full story at CoinDesk >
Digital artist Refik Anadol’s creatively sculpted imaginations generated wonder and discussion as he brought his data-generated artwork from the blockchain to the world’s largest screens….Read full story at CoinDesk >
Ripple’s co-founder emerged triumphant this year in legal cases with big implications for crypto’s future. He couldn’t have done it without the XRP Army….Read full story at CoinDesk >
With CZ gone at Binance, and SBF set for prison, Brian Armstrong is the biggest big gun still in the hot seat. Having launched its own layer-2 blockchain and derivatives exchange this year, and ETFs looking poised to launch in 2024, Coinbase looks well positioned to ride crypto’s next wave….Read full story at CoinDesk >
Assessing who was the most influential regulator or law enforcement official in a year when so many have affected or shaped the crypto industry is challenging. But influence is not just measured by action and impact; it’s the reactions caused, the responses garnered, the way we hang on to words said and left unsaid that demonstrate influence. Using this criteria, there’s really only one winner: SEC Chair Gary Gensler….Read full story at CoinDesk >
The payments giant debuted its own Ethereum-based U.S. dollar stablecoin this year, offering serious competition to existing market leaders such as Tether’s USDT and Circle’s USDC….Read full story at CoinDesk >
As many as 28 Virtual Digital Assets (VDA) or crypto service providers have registered themselves with India’s Financial Intelligence Unit (FIU-IND)….Read full story at CoinDesk >
These tokens have been among the strongest performers among the top hundred tokens by market capitalization in the past week….Read full story at CoinDesk >
Charges were dropped after one of the accused argued he was an “ethical hacker,” according to French news publication Le Monde….Read full story at CoinDesk >
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of paying interest on the digital pound….Read full story at CoinDesk >
Tron’s native token [TRX] traded at a premium of up to 17% on recently-hacked exchange Poloniex over the weekend, creating a potentially lucrative arbitrage trade….Read full story at CoinDesk >
The “basis trade,” a standout in the 2020/2021 bull market, is hinting at a resurgence, one observer said, referring to the rising futures premium….Read full story at CoinDesk >
The suit, filed in the District Court of the Southern District of California, alleges that Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.”…Read full story at CoinDesk >
Tokens like GFY, TRUCK and GROK tied to Musk’s products and recent statements have popped up on Ethereum and other blockchains….Read full story at CoinDesk >
The North Korean hacker group stole the funds over the last six years, which was likely used to fund the country’s projects, the report said….Read full story at CoinDesk >
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 >