/ Crypto New 24
Showing posts from December, 2023Show all
JPMorgan CEO's Bitcoin Bashing Is a 'Do as I Say, Not as I Do' Situation Jamie Dimon's bank agreed to play a key role with BlackRock's proposed bitcoin ETF, just weeks after he told U.S. senators: "I've always been deeply opposed to crypto, bitcoin, etc." CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
BlackRock, Valkyrie Name Authorized Participants Including JPMorgan for Bitcoin ETF BlackRock will use J.P. Morgan and Jane Street as their authorized participants. Valkyrie has also named Jane Street in addition to Cantor Fitzgerald. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Binance's CZ Denied Permission to Travel by U.S. Judge for the Second Time Zhao has requested permission to travel to the UAE, where his three children remain. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Stocks, Bitcoin Miners Sell-Off as Profit-Taking Caps Explosive Year-End Bitcoin slipped below $42,000 on Friday, stalling below its yearly high. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Terraform Labs' LUNA and MIR Tokens are Securities, Judge Rules A federal judge issued summary judgements siding with the SEC's arguments that Terraform had illegally sold unregistered crypto securities. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Exchange Catalyx Suspends Trading, Withdrawals Following 'Security Breach' The Canadian exchange suffered a security break earlier this month, resulting in the loss of an unknown amount of customer funds. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Binance User Base Grew 30% This Year, Expanding Even After U.S. Legal Settlements The largest cryptocurrency trading venue added 40 million accounts to 170 million. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
PancakeSwap Proposes to Reduce CAKE Token Supply by 300 Million More than 99.95% of the community, representing 70,000 votes from CAKE holders, favored the proposal shortly after it went live. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Wallet Linked to Donald Trump Sent $2.4M in Ether to Coinbase A wallet flagged as owned by Trump sent ETH to Coinbase in the past three weeks, where it was presumably sold. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Stock of Bitcoin's Biggest Public Holder is Overvalued by 26%, Analyst Who Predicted BTC Rally Says Early investors in MSTR can consider taking profit as shares appear overvalued and could fall by 20%, according to 10x Research. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Solana's Scorching Rally Shows Ethereum Has a Serious Competitor  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
South Korea to Make Officials' Crypto Disclosures Public Public officials will also be provided an asset disclosure service starting next year to report crypto and other holdings. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
'Smart Money' is Record Long on BTC Ahead of Expected Bitcoin ETF Bullish bets by institutional investors and knowledgeable market participants have reached an all-time high on the CME, data tracked by MacroMicro show. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Mt. Gox Appears to Have Started PayPal Repayments Tied to 2014 Bitcoin Hack Payments through bank accounts are still awaited. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Telcoin Suffers Apparent $1.2M Exploit Related to Polygon Wallet Implementation; TEL Drops 40% Affected user balances will be restored as no private keys were stolen in the exploit, developers said on X. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin's Share in Crypto Futures Trading Slides as Altcoin Profits Allure Traders Bitcoin's dominance by futures open interest has declined to 38% from nearly 50% two months ago. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Japan's Cabinet Proposes Scrapping Corporate Tax on Unrealized Crypto Gains Prime Minister Fumio Kishida’s government has been considering submissions on how best to encourage the industry's development, which it sees as a pillar of economic reform. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Solana (SOL) Rallies Past $100, Continuing Torrid Month Memecoin traders and airdrop farmers are bringing more attention to Solana. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
How NFTs Will Make a Comeback in 2024 NFTs are poised to be a major driver of Web3 adoption in 2024 – but the successful projects will look very different from what’s come before. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Next Year Crypto Will Wash Away the Stains of the ICO Boom  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SEC Blasts 'Purportedly Decentralized' DAOs in $1.7M Settlement with BarnBridge BarnBridge failed to register its structured crypto product with the SEC, regulators alleged. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Solana Nears $100 as Meme Coin Frenzy Continues to Drive Rally Value locked on the blockchain’s applications has more than doubled since November. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
2023: A Critical Juncture for the Global Stablecoin Market Moody’s Senior Director Yiannis Giokas said adoption accelerated this year, despite many destabilizing trends. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Coinbase Approved as Virtual Asset Services Provider in France The third-largest crypto exchange has said it wants to become regulated in countries with clear policies for the industry while it argues with the Securities and Exchange Commission for bespoke rules in the U.S. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethereum Emerges as a Key Blockchain for Tokenized Real-World Assets The pace of real world asset tokenization picked up steadily in 2023. That’s likely to increase next year, with Ethereum well placed to benefit, says Cristiano Ventricelli, of Moody’s. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Blockchain Tech Predictions for 2024, Er… Best Guesses Why not try? At least? Check out The Protocol's FIRST ANNUAL list of blockchain tech predictions for the coming year. ALSO: Ledger hack sows DeFi discord while Ordinals "NFTs on Bitcoin" activity produces Bitcoin fee spike and a lucrative surprise at Sotheby's. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
UK to Cooperate With Crypto Industry on Legislation for Digital Securities The government said its plans for a digital securities sandbox (DSS) were largely welcomed by respondents. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Clear Repeg Path  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
S&P’s Stablecoin Report Is a Vote of Confidence for Crypto Stablecoins are “something we're putting strong resources towards, because we know it's a growing area both in traditional and new financial areas,” a leading S&P analyst said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Real-World Assets Build on Solana as Ondo Finance Expands Tokenized Treasury Offering The combined market cap of tokenized Treasuries mushroomed to over $760 million from $110 million earlier this year, according to RWA.xyz data. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
42 Different Countries Discussed or Passed Crypto Regulations, Legislation in 2023: PwC  More than 40 countries have taken aim at advancing crypto-focused regulations and legislation this year, signaling wider cryptocurrency adoption globally may be underway. That’s according to a new report from professional services firm PriceWaterhouseCoopers. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Zcash Developer Electric Coin CEO Zooko Wilcox Steps Down, Swihart Named to Role  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
A New Kind of Insider Trading? Hegic's DeFi Bets Might Attract SEC's Attention, Experts Say Hegic recently scored a windfall buy buying WHITE tokens ahead of big news. The trade might cross the line, according to experts. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Fees Spike to 2-Year High as Ordinals Bonanza Gives Windfall Profit to BTC Miners Share prices of publicly listed bitcoin mining companies are "on fire" thanks to high transaction fees, one analyst said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Major NFT Indicies Stable After NFT Trader Hack Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were returned to their owners after Yuga Labs' Greg Solano and Boring Security DAO paid a bounty. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
BONK's Surge Send Prices of Solana Saga Phone Flying to $2K The sealed and unopened phone boxes contain an airdrop of 30 million bonk (BONK) tokens, which has seemingly revived dismal Saga sales. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Dips Under $41K to Begin The Week in Red as Memecoin, Ordinals Frenzy Clogs up Blockchains Longs continue to get liquidated as the price of bitcoin and other major digital assets declines. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Polygon Stops Work on 'Edge,' Used to Build Dogechain, as Focus Turns to ZK Polygon Labs, a developer of scaling networks for Ethereum, has shifted toward "Polygon CDK," a blockchain-development kit powered by zero-knowledge cryptography. The older "Polygon Edge" was used by Dogechain, in an unofficial effort to build a Dogecoin-oriented smart-contracts network. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Coinbase Tried to Rein in a Renegade SEC That's Trying to Rein in a Renegade Industry The SEC rejected Coinbase's petition for crypto rulemaking, marking yet another refusal to provide regulatory clarity for an industry that badly wants it. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
TradFi Goes All-In on Fed Rate Cuts. What It Means for Bitcoin The Fed yesterday signaled that far easier monetary policy is in store for 2024. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Arbitrum Throws Hat In Ring for Celo's Migration to Layer-2 Blockchain Celo originally planned to build its Ethereum layer-2 network with Optimism's OP Stack. Then Polygon and Matter Labs pitched their stacks. Now, Arbitrum, the biggest layer-2, wants in on the bake-off. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Early Ethereum Backers Cyber.Fund to Invest $100M in 'Cybernetic Economy' Cyber.Fund, which also backed Cosmos, Solana and Polkadot, is focused growing the "cybernetic economy," in which blockchain is the bedrock. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Federal Reserve Holds Policy Steady, but Indicates More Dovish 2024 The U.S central bank Wednesday left its benchmark fed funds at a range of 5.25%-5.50%. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why 2023 Is Like 2020 and Bitcoin Is Set to Head Towards $50k Crypto derivatives show bullish positioning but are not over-extended by historical norms. That’s good news for the whole crypto market. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DeFi Platform Conic Finance's CNC Token Surges 50% as the Protocol Plots Comeback After Hack Conic Finance was hacked in July draining roughly $3.6 million worth of ether from the protocol. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
A Difficult Truth: The Unspoken Mismatch of Web3 and Generative AI Generative AI workloads are designed to be computationally intensive, running on highly parallelizable GPUs. What role does that leave for blockchain? Jesus Rodriguez, of IntoTheBlock, explores one possible solution. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Binance’s Market Share of Crypto Trading Tumbled to 30% in 2023   The exchange has also witnessed a drop in its trading volume amidst the regulatory crackdown on the entity in the U.S. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
FCA Slow to Take Crypto Enforcement Action, UK's Public Spending Watchdog Says Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.'s National Audit Office said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Wallet Conio, Coinbase Team Up to Bring Crypto to Italian Banks Conio is also deeply involved in the institutional uptake of digital assets, specifically the Euro Token project overseen by the innovation center of the Bank of Italy. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto VC C1 With Coinbase Lineage Eyes Acquisition in Australia: Report Crypto venture capital firm C1, which is led by former Coinbase executives, has met with several cryptocurrency groups and Australian venture firms offering to buy private holdings from investors using its $500 million ($AUD 760 million) fund, according to the Australian Financial Review. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin's 4% Drop Cools Overheated Funding Rates, Data Show Funding rates for major tokens, including BTC, have normalized to below 0.1%, indicating an exit of over leveraged bulls. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
BTC, ETH, SOL and Major Altcoins Begin Asia Business Day in Deep Red Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Pudgy Penguins to Launch Webkinz-like Virtual World in 2024 Pudgy World, an interactive digital world available to Pudgy Penguin NFT holders, will become available in alpha mode sometime next year, according to the company’s CEO. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Tether Freezes 41 Crypto Wallets Tied to Sanctions Stabelcoin issuer Tether blacklisted 41 wallets controlled by people on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List on Saturday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Provisions Dropped From 2023 U.S. Defense Bill The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jito's Token Launch Pushed Competitor Marinade's MNDE to All-Time Highs Marinade's market cap is dwarfed by Jito, though, despite being a bigger crypto ecosystem. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Cardano Jumps 20% as Analyst Eyes Bitcoin Pullback to $40K to 'Fill CME Gap' Market observers "underappreciate" future inflows from institutional investors to bitcoin, asset 21.co CEO said in a CoinDesk TV interview. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Digital Asset Brokerage Firm Nonco Raises $10M Seed Funding Led by Valor Capital, Hack VC The firm says it has already seen $6 billion in volume in the Latin American region since its debut in April. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Basel Committee Seeks to Consult on Stablecoins Risk Treatment  Regulators have been looking to regulate crypto and mitigate against the risks posed by banks exposure to crypto. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Asset Tokenization on Blockchains Could Increase Systemic Risks: BOE  Banks are becoming more positive about using crypto technologies for the tokenization of money and assets, the BoE said in its bi-annual report. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Bitcoin Censorship, or Just 'Spam Filtering?' 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. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Altcoins Heat Up With AVAX and HNT Leading the Way Money is flowing into more speculative names following bitcoin's big run higher. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Blasts to $44K on Coinbase, Could Run Towards $48K Resistance: LMAX Analyst The move prompted $73 million in liquidations, during the day predominantly leveraged short positions betting on lower prices. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
IBM Introduces New Cold Storage Tech for Crypto Assets The new Offline Signing Orchestrator tech is being used by IBM’s long standing partner in the crypto space, Ripple-owned custody firm Metaco. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETFs Got BTC Surging, but Tumbling Interest Rates Have Helped, Too The abrupt recent turn in expectations for Federal Reserve monetary policy has helped asset prices across the board. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
House's McHenry Says He Won't Seek Reelection, Costing Crypto a Top Ally Rep. Patrick McHenry (R-N.C.), arguably the crypto industry's most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Rally to $42K Fueled by 'Panic Buying,' Pushes Crypto Market Cap Over $1.5T 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. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Michael Saylor's Bitcoin Bet Profit Tops $2B The company added to its holdings in November. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data