Since the approval of spot bitcoin ETFs in January, DeFi looks ascendant, triggering memories of 2020, aka DeFi Summer, when the space bustled with activity….Read full story at CoinDesk >
Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the report said….Read full story at CoinDesk >
The tokenization of real-world assets – or placing traditional assets onto blockchain rails – is a growing trend in crypto with global financial giants entering the space….Read full story at CoinDesk >
The three firms are seeking to create an AI collective to provide a decentralized alternative to existing projects that are controlled by Big Tech….Read full story at CoinDesk >
Sam Bankman-Fried will find out this week if he is potentially facing decades in prison. Judge Lewis Kaplan is set to sentence him for his conviction last year on two fraud charges and five conspiracy charges tied to the operation and collapse of FTX….Read full story at CoinDesk >
Crypto market data provider Messari estimates that decentralized physical infrastructure networks could have a market value of $3.5 trillion by 2028….Read full story at CoinDesk >
Asset Manager VSFG, together with its partners, Value Partners, have applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong’s Securities and Futures Commission (SFC), its Head of Investment & Products Brian Chan told CoinDesk on Wednesday….Read full story at CoinDesk >
The bank is claiming bragging rights for being the first bank to create a blockchain-based real world asset aimed at retail investors….Read full story at CoinDesk >
Binance is having a weird moment, perhaps most clearly illustrated by the fact that a national government detained two of its executives for a month now – and one is only free because he seemingly escaped custody….Read full story at CoinDesk >
As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers’ Ethereum tokens {{ETH}}, the industry’s friends in Congress are demanding the Securities and Exchange Commission (SEC) explain what it means to do about this first U.S. special purpose broker-dealer (SPBD) for digital assets….Read full story at CoinDesk >
Hong Kong’s financial regulator, the Hong Kong’s Securities and Futures Commission (SFC), is likely to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year, according to a report from Bloomberg Intelligence….Read full story at CoinDesk >
The state’s proposed law would grant legal personhood and limited liability for participants of decentralized autonomous organizations (DAOs)….Read full story at CoinDesk >
The unit will focus on the development of open-source AI models and collaborate with other firms to integrate the models into products that could address real-world challenges….Read full story at CoinDesk >
U.S. federal prosecutors charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday, saying the exchange operated in the U.S., lied to at least one of its investors about operating in the U.S. and failed to both register with U.S. government entities and maintain an anti-money laundering program….Read full story at CoinDesk >
The Technology Working Group’s report says firms need to be able to settle transfers on the blockchain via digital money and that funds should be allowed to hold tokenized assets….Read full story at CoinDesk >
The latest price moves in bitcoin (BTC) and crypto markets in context for March 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
The blockchain could see huge traction among retail audiences due to its proximity to the prominent Coinbase exchange, a sentiment that’s driving activity and growth of native Base tokens….Read full story at CoinDesk >
The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion judgment against Ripple Labs, according to court filings….Read full story at CoinDesk >
The U.S. Securities and Exchange Commission (SEC) is reportedly asking a New York judge to levy a $2 billion judgment against Ripple Labs, according to social media posts from the crypto company’s CEO and chief legal officer on Monday….Read full story at CoinDesk >
Proof-of-reserves and off-chain transaction reporting are key to improving trust in trading platforms following the scandals of the last 18 months, say Bruce Tupper and Tyler Williams….Read full story at CoinDesk >
The Philippines Securities and Exchange Commission warned in November that the company was operating in the country without the necessary licenses….Read full story at CoinDesk >
Crypto exchange Binance sold the entirety of its Russian business to CommEX in September last year following compliance concerns….Read full story at CoinDesk >
The European Securities and Markets Authority on Monday published a final report on measures along with its third consultation package for further rules and guidance….Read full story at CoinDesk >
FTX’s slice of artificial intelligence firm Anthropic is up for sale, and global investors including sovereign wealth funds are lining up for the chance to purchase the shares, according to a new report from CNBC citing unnamed sources….Read full story at CoinDesk >
U.S. Securities and Exchange Commission Chairman Gary Gensler used a speech on the “public good” of securities disclosures on Friday to point specifically at the crypto industry as a problem area….Read full story at CoinDesk >
But the market for cryptocurrencies and blockchains that deliver consumer and business benefits is likely to be bigger than the one for “digital gold,” says Paul Brody, head of blockchain at EY….Read full story at CoinDesk >
Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea….Read full story at CoinDesk >
Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with “new and emerging issues,” according to the regulator’s annual budget pitch. Much of that office’s recent, emerging workload has come from the agency’s pursuit of cryptocurrency businesses, such as Coinbase Inc., Kraken and Binance….Read full story at CoinDesk >
The latest price moves in bitcoin (BTC) and crypto markets in context for March 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
Fantom’s impending Sonic upgrade, expected to boost transaction processing speeds, may have galvanized investor interest in the cryptocurrency….Read full story at CoinDesk >
The pace of net inflows into spot bitcoin ETFs has slowed considerably, with a significant outflow recorded in the past week, the report said….Read full story at CoinDesk >
Sam Bankman-Fried’s lawyers have pushed back against the U.S. government’s sentencing memo which makes the case for why it thinks the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday shows….Read full story at CoinDesk >
Terraform Labs co-founder Do Kwon’s pending extradition to South Korea has apparently been put on ice following a legal challenge issued Thursday by Montenegro’s top prosecutor….Read full story at CoinDesk >
The shared sequencer leading firm said that the round would further invests in their products as well as additional hires….Read full story at CoinDesk >
This article examines the advantages of Ethereum as a protocol economy and how one could gain exposure to this breakthrough technology asset….Read full story at CoinDesk >
Exaion helps industries with digital transformation related to cloud and blockchain with a focus on addressing energy efficiency of data centers….Read full story at CoinDesk >
Tensorplex said decentralization is an antidote to the risk of tech giants monopolizing artificial intelligence, making them prone to biases or censorship….Read full story at CoinDesk >
Roughly 18 hours ago, an investor holding a large amount of ether transferred 12,000 ETH worth $42.8 million to Binance, according to Lookonchain….Read full story at CoinDesk >
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million….Read full story at CoinDesk >
Crypto markets dumped, then jumped, as regulatory headwinds and macroeconomic decisions played their hand in a rollercoaster 24 hours….Read full story at CoinDesk >
The newly-formed PoliFi category is all about memes and laughs, while making a few bucks along the way, say the team behind the TREMP token….Read full story at CoinDesk >
Reports suggest the SEC may be about to categorize ETH as a security, with huge implications for the blockchain’s future. Here’s why the SEC would be wrong….Read full story at CoinDesk >
Professional basketball player and NBA All-Star Tyrese Haliburton has said that he would consider taking a portion of his salary in cryptocurrency….Read full story at CoinDesk >
In an exclusive interview with CoinDesk, Solana co-founder Anatoly Yakovenko weighs in on the meme coin frenzy that has brought attention activity to the blockchain – along with complaints that transactions aren’t going through….Read full story at CoinDesk >
Several months ago, the halving was expected to take place on April 28; now it’s on track to land on April 18. Blame the surge in bitcoin’s price, which has attracted more mining power and sped up the network….Read full story at CoinDesk >
The latest price moves in bitcoin (BTC) and crypto markets in context for March 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
The broad-based CoinDesk 20, an index of various major tokens minus stablecoins, was little changed over the past 24 hours with losses of just 0.34%….Read full story at CoinDesk >
Ohio’s U.S. Senate race may be the biggest congressional contest this year for the crypto industry, now pitting a digital assets booster against Sen. Sherrod Brown (D-Ohio), the sitting Senate Banking Committee chairman who has stood in the way of the development of regulatory legislation….Read full story at CoinDesk >
Sam Bankman-Fried’s defense team pushed back against what it called the “disturbing” sentencing memorandum filed by the Department of Justice last week in a new letter, saying the DOJ was making the FTX founder out to be someone he was not….Read full story at CoinDesk >
Immutable and Polygon Labs will identify investment opportunities while King River will manage the investment process and deploy the capital across game studios and web3 infrastructure firms….Read full story at CoinDesk >
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday’s FOMC meeting, one market observer said….Read full story at CoinDesk >
The founder of Bitcoin Dada, a virtual education program and sisterhood started in Kenya, on how she’s getting African women involved in the Bitcoin space….Read full story at CoinDesk >
With April’s “halving” set to cut mining rewards by half, Bitcoin miners are upgrading to more efficient mining machines, cutting costs, finding cheaper sources of power and exploring mergers and acquisition opportunities….Read full story at CoinDesk >
The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws by offering and selling its now-defunct Gemini Earn program, the SEC announced Tuesday….Read full story at CoinDesk >
Several allies joined Coinbase Inc. (COIN) in its court fight against the U.S. Securities and Exchange Commission (SEC) to force the agency to rethink its refusal to write specific rules to govern the crypto industry, with Paradigm, the Crypto Council for Innovation and others filing outside arguments with the circuit court….Read full story at CoinDesk >
MicroStrategy now holds approximately 214,246 BTC ($13.5 billion), which is more than 1% of all the 21 million bitcoin that will ever exist….Read full story at CoinDesk >
The broad package sets up an anti-money laundering authority, a single rulebook for all 27 member states, and tough rules for crypto service providers….Read full story at CoinDesk >
Some professional traders have termed SLERF a “blue chip meme” – a nod to blue chip stocks – for reasons ranging from its fair distribution among holders to perceived future demand….Read full story at CoinDesk >
Japan’s state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements….Read full story at CoinDesk >
Prices could be headed to as low as $55,000 in the coming weeks, one trader said, but the long-term bullish outlook remains intact….Read full story at CoinDesk >
The Department of Justice filed dozens of victim impact statements from FTX creditors Monday ahead of Bankman-Fried’s sentencing next week. These victims hail from around the world, with the letters describing their FTX holdings and the effect FTX’s bankruptcy had on their lives….Read full story at CoinDesk >
A federal judge ruled that the U.S. Securities and Exchange Commission must pay legal costs for Debt Box, a Utah-based crypto company the SEC brought a suit against, finding that the regulator had committed a “gross abuse of power” in its efforts to secure a temporary restraining order….Read full story at CoinDesk >
The action may foreshadow regulatory restrictions in the region for the largest stablecoin by market capitalization and trading volume, as upcoming E.U. rules will require stablecoin issuer to be licensed electronic money institutions….Read full story at CoinDesk >
London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the deal once the value of its claims skyrocketed….Read full story at CoinDesk >
Fidelity’s Wise Origin Bitcoin Fund (FBTC) is the fifth most popular exchange-traded fund (ETF) on the market right now, attracting more than $6.9 billion since its introduction on Jan. 12, according to data from Bloomberg Intelligence….Read full story at CoinDesk >
“Bitcoin is not going to change much,” says Ali. “Layer 2s are innovative and open to making rapid changes. After a while, it becomes part of their culture.”…Read full story at CoinDesk >
When Kgothatso Ngako launched Machankura two years ago, he enabled Africans to transact bitcoin via feature phones for the first time. Now, he’s on the verge of helping Africans self custody their bitcoin, as well….Read full story at CoinDesk >
Binance’s fairly new boss Richard Teng has said Bitcoin (BTC) will exceed his previous expectations of hitting the $80,000 mark by the end of this year, according to Bloomberg….Read full story at CoinDesk >