/ Crypto New 24
Showing posts from April, 2024Show all
Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why Eigenlayer’s Airdrop Is Controversial Although it’s actually conservative. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to a Democratic aide. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Roger Ver Indicted for Tax Fraud  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bond NEW YORK — Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges tied to creating and marketing the privacy-focused bitcoin wallet application and mixing service in a Manhattan courtroom on Monday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
As Wasabi Wallet and Phoenix Leave the U.S., What’s Next for Non-Custodial Crypto? Following DOJ action against Samourai Wallet and a possible Metamask investigation, Wasabi Wallet and Phoenix are closing their U.S. offerings. Is non-custodial crypto under threat? CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
EigenLayer, After Touching Off Restaking Frenzy, Plans Own EIGEN token Some 45% of the EIGEN token supply will go towards the EigenLayer community, while investors will be allocated 29.5% of the token supply, and 25.5% will go towards early contributors. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Here’s How EU Nations Are Preparing to Enforce MiCA With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin, Ether Nurse Losses as U.S. Stagflation Fears Grip Market The crypto market is balancing the threat of stagflation against a liquidity injection from the Treasury General Account (TGA), and the launch of Hong Kong's bitcoin ETFs. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Japan's Embrace of Web3 Uncertain as Ruling Party Under Threat Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DOJ Disputes Roman Storm's Characterization of Tornado Cash Operations in New Filing The U.S. Department of Justice rebuffed Roman Storm's motion to dismiss criminal charges against him late Friday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Chops Around $64K, With Japanese Yen's Tumble Maybe Signaling 'Currency Turmoil,' Analyst Says The yen's volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge Lawyer-turned-politician John Deaton further reinforced his credentials as an outspoken crypto ally on Friday, filing a friend-of-the-court brief in Coinbase Inc.'s (COIN) effort to get a higher U.S. court to rule on a central question about when a digital token qualifies as a security. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
UK Law Enforcement Agencies Can Now Seize Crypto More Easily as New Rules Take Effect New powers that will help law enforcement agencies seize crypto used for crime came into effect on Friday, the U.K Home Office said in a press release. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Franklin Templeton Upgrades $380M Tokenized Treasury Fund to Enable Peer-to-Peer Transfers The feature helps to expand the utility of the Franklin OnChain U.S. Government Money Fund's BENJI token and make it more interconnected with the digital asset ecosystem. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Samourai Wallet Founders Arrested and Charged With Money Laundering Federal prosecutors charges Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide fund transfers. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
KPMG Survey Finds 75% of Canada’s Institutions Owned Crypto Assets in 2023 Institutional investors located in Canada significantly increased their holdings of cryptocurrencies in 2023, a survey by KPMG found. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Institutional Digital Assets: The Future of Finance Is Here Tokenization initiatives from BlackRock, JP Morgan and others presage a revolution in payments, wealth management and other key activities of Wall Street, says author Annelise Osborne. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17 Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Will Bitcoin’s New BIP Editors Streamline Development? Five new editors were added to help speed up the process of approving and merging Bitcoin Improvement Proposals. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Eyes $67K After Halving as Altcoins Primed for Short Squeeze, Hedge Fund Says Crypto-focused stocks also bounced higher, led by bitcoin miners Riot Platforms and Hut 8. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Stacks Begins 2-Step Rollout of Major ‘Nakamoto’ Overhaul The upgrade seeks to solve congestion issues, and will officially launch in May. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
How the Bitcoin Halving Will Drive Action to Layer 2s  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says Miners will be faced with substantial cost increases as a result of the halving, with electricity and bitcoin production costs almost doubling, the report said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Layer 2 Coins, STX, ELA, SAVM, Outperform BTC After Halving  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Transaction Fees Come Crashing Down Post Halving After the halving, fees spiked to $146 for a medium-priority transaction and $170 for a high-priority transaction. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Google Searches for 'Bitcoin Halving' Get Higher Than 4/20 One of the closely watched indicators of retail interest is booming. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Cryptocurrency Exchange Kraken Acquires TradeStation Crypto The takeover, which hasn't been previously disclosed publicly, expands the cryptocurrency exchange's regulatory licensing in the U.S. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Mango Markets Exploiter Avi Eisenberg Found Guilty of Fraud and Manipulation NEW YORK – A Manhattan jury has found crypto trader Avi Eisenberg guilty on fraud and market manipulation for his $110 million heist from decentralized finance protocol Mango Markets in October 2022. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jury Begins Deliberations in $110M Mango Markets Fraud Trial Crypto trader Avi Eisenberg’s fate now rests in the hands of 12 New York jurors, who have been tasked with deciding whether his October 2022 trades on Mango Markets – which netted him $110 million – were fair game or fraud. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What Is Bitcoin Meant to Hedge? The cryptocurrency underperformed this week as an economic safe haven. But bitcoiners are taking a longer term view. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
QCP Capital and Further Ventures Announce Partnership for Middle East Crypto Expansion Both companies plan to develop new institutional digital offerings, while QCP is set to open an Abu Dhabi shop. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
OKX 'OG' Execs Tim Byun and Wei Lan Leave Crypto Exchange  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What Bitcoiners Are Saying About the Upcoming Bitcoin Halving Is the halving priced in or not? Will it tank the bitcoin mining industry? Or accelerate adoption? Here's what experts and community members are saying about the fourth and perhaps most anticipated halving. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Is the Bitcoin Rally Over? Reasons to Stay Bullish on BTC Despite Correction Bitcoin has pulled back more than 15% since hitting an all-time high one month ago, with some major altcoins nosediving 40%-50%, but "few understand how normal corrections like these are in bull markets," one observer noted. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn't been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Hong Kong Boards the ETF Express The jurisdiction is the latest to approve exchange-traded funds for bitcoin, giving a boost to BTC. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ether, Altcoins Remain Under Pressure Following Volatile Weekend Bitcoin has also given up some of its early Monday bounce, returning down to the $64,000 level. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Halving Has Crypto Miners Racing for 'Epic Sat' Potentially Worth Millions  Bitcoin's once-every-four-years "halving" this week may be very different from those of earlier epochs, typically ho-hum affairs. Now, an intense competition is underway to mine the first block after the halving, which could contain a rare and collectible fragment of a bitcoin known as an "epic sat." CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Back in Green as Crypto Market Awaits Hong Kong Spot ETF Decision The market has shaken off concerns of escalations between Iran and Israel as the U.S. appears to have talked Israel out of a counter-attack. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Falls 8%, Drops Below $62K Before Rebound Bitcoin and the broader cryptocurrency market fell nearly 10% on Saturday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets Investors may expect market weakness due to the tax season, Ryze Labs said in a report. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Dogecoin Climbs 5.4%, Tops CoinDesk 20 This Week: CoinDesk Indices Market Update  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethereum's Next Upgrade, 'Pectra,' Could Include Relief for Institutional Stakers, Wallet UX Improvements Developers' aim with Pectra is to make some minor code changes while simultaneously working on a bigger code change, Verkle trees, for the following upgrade. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Chaos at MarginFi Shakes up Solana DeFi's Borrow-and-Lend Landscape Solend and Kamino were the biggest winners in the Solana DeFi landscape. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: How to Engineer Harder Money, or Just Make Your Own Bitcoin's supply growth is set to automatically drop by 50% when next week's "halving" arrives, Ethereum is pondering a cut in ETH issuance, and meme coin issuers are just no-holds-barred spinning up new ones. Blockchain tech is enabling all sorts of monetary strategies. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
EigenLayer, Crypto's Biggest Project Launch This Year, Is Still Missing Crucial Functionality The "restaking" protocol with $15 billion in deposits won't pay rewards to depositors and is missing its mission-critical "slashing" feature. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFs Jan Van Eck told CoinDesk TV's Jen Sanasie that not hearing back from the SEC is a sign that ETH exchange-traded funds likely wont make the May deadline. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why Christie's First Bitcoin Inscriptions Auction Matters With the halving and new tech set to give Ordinals a further lift, Bitcoin-based inscriptions are demonstrating staying power and some advantages over NFTs. Christie’s is taking notice with a new initiative. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
EigenLayer and EigenDA Launch on Ethereum Mainnet The launch comes after $12 billion has already been deposited into the protocol. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Republican Sen. Tillis Calls for ‘Light’ Crypto Regulatory Framework Ahead of Presidential Election Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto financing. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ether Rallies to $3.6K as Bitcoin Holds Steady at $71K Liquid staking tokens like Lido, Rocket Pool, and ether.fi follow ether's gains. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Trader Eisenberg's $110M Fraud Trial to Put DeFi Under Microscope The two-week trial will test the government's strategy of portraying complex crypto trades as simple fraud. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Does Not Have an Illicit Finance Problem, Bad Actors Do  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
TokenFi Developers Propose New Program to Boost Benefits for TOKEN Holders The proposed move would allow eligible users to acquire up to four times more tokens than the standard quota per wallet, among other benefits. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Tops $71K, Ordinals Bets Rise Ahead of Halving Broader crypto markets remained little changed over the weekend but some Ordinal ecosystems saw gains as a proxy bet for BTC. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
HashKey’s Crypto Exchange Goes Live After Winning License in Bermuda The HashKey Group, an Asian firm offering digital asset services, has launched the HashKey Global exchange, after being granted a license in Bermuda to offer licensed digital asset trading services, it announced on Monday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Mining’s Boon for Small Town America Will Foxley’s doc about a small Texas town’s embrace of a new mining facility paints a more positive story about Bitcoin’s impact on rural communities than typically reported. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Did Strong Bitcoin ETF Demand Kill Halving's Potential Bullish Rally? The much stronger-than-expected inflows into the spot bitcoin exchange-traded funds (ETFs) have already caused concerns about a supply shock in the bitcoin market, potentially taking away some of the impacts of the halving. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethereum Foundation Researchers' Proposal to Slow ETH Issuance Draws Pushback The proposal, initially introduced in February, could harden Ethereum's native cryptocurrency, ether, as as a form of money – by reducing the inflation of new supply. But some members of the community say if it's not broke, don't fix it. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
OneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What Does Ripple’s Stablecoin Mean for XRP? XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token? CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Coinbase Says Canadian License Makes It Country's Biggest Registered Crypto Exchange Coinbase's expansion into Canada has cleared the hurdle of a "restricted dealer" registration, the company said on Thursday, making it the biggest registered crypto exchange in that jurisdiction. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Are You Too Late to Crypto? Recent price appreciation veils the far greater potential of blockchain technology. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Must Bitcoin ‘Drop Ideals’ of Decentralization to Achieve Mass Adoption? Key management is crucial to Bitcoin maintaining decentralization. But, as hacks and exploits have grown in number, the dream of self-custody has become more difficult to maintain. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Are Bitcoin Developers Losing Faith in Lightning? High-profile defections, and ongoing criticism from the community, paints a picture of a much-hyped scaling project running out of steam. But bitcoiners have always been critical of the leading scaling solution. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Argentina President Milei Disappoints Some Bitcoiners as Crypto Registration Rule Begins The nation unveiled a mandatory registration process for cryptocurrency platforms. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Singapore Enacts Licencing Requirements for Crypto Custody Services and Others Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Sam Bankman-Fried Now Feels Remorse for His Actions After Getting a 25-Year Prison Sentence FTX founder and former CEO Sam Bankman-Fried has said "of course" he is remorseful for his actions after he was sentenced to 25 years in prison for fraud last week. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin’s Future as Currency Bitcoin has flourished as digital gold. But, in the long-term, its biggest impact will be in denominating business and trade, says Zac Townsend, CEO of Meanwhile. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Thai Crypto Exchange Bitkub Plans 2025 IPO: Bloomberg The exchange's owner signaled its intention to sell shares to the public in a 2023 letter that didn't give a timeframe. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Meme Coins on Degen Chain Flourish as New Layer 3 Racks up Millions in Volumes Degen Chain was released last week as a specialized network that sits atop Base, which itself is an Ethereum layer 2. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Becomes More Volatile Than Ether as Halving Approaches Bitcoin's annualized 30-day historical or realized volatility rose to nearly 60% late last week, surpassing ether's 30-day realized volatility by nearly 10 percentage points. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data