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Showing posts from May, 2024Show all
Meet the Citizens of Consensus  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission's (SEC) crypto accounting policy. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Uniswap Postpones Protocol Upgrade Vote; UNI Tumbles 9% The "fee-switch" vote was supposed to take place today. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who've shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience at CoinDesk's Consensus 2024 that the momentum will continue next year in Washington. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Sen. Warren Wants to Know How Drug Agencies Are Pursuing Crypto Ties to Fentanyl The Massachusetts Democrat called for answers from the U.S. drug agencies today on progress in the crackdown on drug traffickers' use of crypto. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Franklin Templeton's Jenny Johnson on Bitcoin ETFs, RWA Tokenization and Blockchain's Potential for TradFi The president and CEO of the asset management giant said blockchains are "transformational tech" that can help drive down operational costs during a panel discussion at Consensus 2024. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Aptos Integrates Chainlink's CCIP and Data Feeds to Boost Decentralized App Development Aptos will be the first blockchain that uses the Move coding language to integrate Chainlink's services, according to the announcement at Consensus 2024 in Austin. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why It Matters Whether the CFTC Versus the SEC Regulates Crypto  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Behind the Scenes as Big-Tent Consensus Goes Up We took a spin through some of the side events and preparations taking place Tuesday ahead of CoinDesk's annual conference, which starts Wednesday in Austin. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Cathie Wood Says Ether ETF Filings Were Approved Because Crypto Is an Election Issue Wood says the filings in support of ether ETFs were not approved in a regular way. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ripple Donates Another $25M to Crypto Super PAC Fairshake Ripple has added another $25 million to the coffers of Fairshake, a federal crypto super political action committee (PAC) that’s spending big this election year to support crypto-friendly Congressional candidates. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
BlackRock Takes the Crown for the Largest Spot Bitcoin ETF From Grayscale Inflows to IBIT have picked up recently after a dismal few weeks at the end of April. BlackRock now holds the ETF in two of its major funds. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Leveraged Ether ETF to Start Trading June 4, Sponsor Volatility Shares Says Volatility Shares' 2x Ether Strategy ETF (ETHU) will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission (SEC) let it go effective, the company posted on their website, adding that trading will begin on June 4. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Binance Executive Jailed in Nigeria is Suspected of Having Malaria, Family Says  Tigran Gambaryan, Binance’s compliance head, who remains jailed in Nigeria, is suspected of having Malaria, a family spokesperson told CoinDesk. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump Widens Lead Over With Biden (on Polymarket and PredictIt) After Courting Crypto Vote Plus, how much longshot money was made betting on the SEC approving an Ethereum ETF? CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Uniswap Foundation Shares Balance Sheet as Fee Vote Nears The Uniswap Foundation's balance sheet shows $41.41 million in fiat and stablecoins and 730,000 UNI tokens. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Floki Developers Look to Improve Token Fundamentals With New Trading Bot The move could potentially lead to buying pressure for FLOKI tokens in the coming weeks as the tokens need to be held to use the bot. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Caitlyn Jenner Meme Coin Sows Confusion as Observers Question Its Provenance JENNER tokens scored over $100 million in trading volumes less than 24 hours after going live. But punters are unclear if it's indeed related to the real Caitlyn Jenner. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethereum Meme Coins PEPE, MOG Hit Lifetime Highs on Ether ETF Filing Approvals Ether surged more than bitcoin over the weekend on renewed optimism for the second-largest cryptocurrency. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Normie Dumps 99% as Attacker Calls Meme Coin’s Tax Contract a 'Copy-Paste' Job Attackers exploited a tax function in the token’s code that allowed them to issue more tokens and completely drain liquidity pools. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump Pledges to Free Silk Road Creator Ross Ulbricht If Re-Elected  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump Posts 'Our Country Must be the Leader in the (Crypto) Field' Before Address at Libertarian Convention  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
BitGo’s $100M Suit Against Galaxy Digital Can Proceed, Delaware Supreme Court Rules Cryptocurrency custodian BitGo will get a fresh chance to sue financial services firm Galaxy Digital over the two companies’ failed $1.2 billion merger agreement after Delaware’s Supreme Court reversed an earlier ruling to dismiss BitGo’s lawsuit. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Unintended Consequences of FIT21’s Crypto Market Structure Bill  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
3 Questions About the SEC’s Abrupt ETH ETF Approval Was the decision politically motivated? What does it mean for Ethereum going forward? Will other leading chains benefit too? CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Miner Marathon Digital Signs Deal With Kenya to Invest in Green Energy Projects The company will help monetize stranded energy in the African country and help manage its renewable energy production. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Are Sideline Skeptics Crypto’s Biggest Enemy or Greatest Strength?  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. Supreme Court Loss for Coinbase Leaves Company with Mixed Record The U.S. Supreme Court ruled against Coinbase Inc. (COIN) in its dispute over which legal agreement should hold sway when parties are under two distinct contracts and the first of them calls for arbitration, finding the company's case was "unpersuasive" and that the courts need to work those questions out when they arise. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Audrey Tang: Learning From Taiwan’s Digital Civic Experimentation The island-country’s digital minister has radical ideas for using open-source technology to provide public goods. Her approach is called Plurality and it’s gaining attention across the world. Daniel Kuhn meets her. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SEC's Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation? The White House is "eager" to work on a crypto bill. That was the sentiment of its latest statement on Wednesday, putting the administration on-the-record again about wanting new digital assets policies to protect investors. But U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler – the securities watchdog President Joe Biden hired as a member of his transition team and a key regulator – says don't bother. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. House Set to Vote for First Standalone Crypto Market Structure Bill The U.S. House of Representatives is poised to vote in favor of a crypto market structure bill as a standalone piece of legislation for the first time. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Several U.S. House Democrats Petition Colleagues to Join Yes Side on Crypto Bill The U.S. House of Representatives is on the verge of a vote on Wednesday that is widely expected to approve comprehensive cryptocurrency legislation with bipartisan support – a major milestone for the industry – and several Democrats there are pushing their colleagues to vote yes. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
CFTC Commissioner Summer Mersinger on Overzealous Crypto Regulation and the Need for Legislative Action The commodities regulator has been clear about the dangers of regulating a burgeoning industry through enforcement actions. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Uniswap Labs Urges SEC to Drop Pending Enforcement Action in Wells Response Uniswap Labs moved Tuesday to quash a looming regulatory battle over Ethereum's dominant decentralized crypto exchange, imploring the Securities and Exchange Commission in legal filings that its planned lawsuit wasn't worth the fight. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ether Jumps 10% to $3.4K After Bloomberg Ups Odds of Spot ETF Approval Markets previously had mostly priced in SEC rejections of the proposed funds beginning this week. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Breaks Out Above $68K as SOL's 7% Gain Leads Crypto Rally Inflows into the spot bitcoin ETFs restarted in a big way last week as the price rallied from near the $60K level. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Craig Wright Lied to UK Court 'Extensively and Repeatedly,' Judge Writes Judge James Mellor released his written judgement on the Crypto Open Patent Alliance vs Craig Wright case on Monday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ether, Bitcoin Open Asia Trading Week Flat as ETH ETF Decision, Nvidia Earnings Loom The market has priced in a rejection for the first set of Ethereum ETFs, but there are reasons to be optimistic about an approval next year, says one fund manager. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Research Firm Favors Bitcoin 'Covered Strangle' Strategy to Enhance Portfolio Yield by 17% Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said in a note. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Miners Eye Middle East as Next Region for Growth The halving and a possible U.S. mining tax have miners considering new locations for basing their cost-sensitive operations. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
LocalMonero Shutdown Is Another Blow for Privacy Tech It is getting harder to buy XMR, but every day that monero continues to exist is proof positive of its value, says CoinDesk's Dan Kuhn. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DTCC, Chainlink Complete Pilot to Accelerate Fund Tokenization with JPMorgan, Templeton, BNY Mellon Participating The aim of the Smart NAV pilot was to test a process to bring and disseminate fund data on multiple blockchains, a key step for tokenization. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Lido Backers vs EigenLayer In this week's issue, we've got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data and $70M of project fundraisings. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Rafael Cordón: Safeguarding Elections With Bitcoin Software engineer Rafael Cordón’s Simple Proof system helped prevent fraud in Guatemala’s most recent presidential election.  Can this technology be used to insure against election interference in other jurisdictions? CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Insider at Solana's Cypher Protocol Admits to Stealing $300K Core contributor Hoak blamed his actions on a "crippling gambling addiction." CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Hard Truths and Worrying Consequences of the Tornado Cash Verdict  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Vitalik Buterin's Ethereum Wallet Proposal, Scribbled in 22 Minutes, Gets Positive Reviews After a technical proposal to improve Ethereum wallets met with some opposition, a familiar figure swooped in last week to devise an alternative. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Crypto Industry’s Influence on U.S. Elections is Bigger Than Ever, Industry Insiders Say The crypto industry is throwing its weight around in Washington in hopes of influencing the upcoming U.S. elections, spending an unprecedented amount of money to get crypto-friendly candidates elected and educate lawmakers – all in hopes of finally getting a friendly regulatory framework for crypto established. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. Senators Question Justice Department's Pursuit of Crypto Mixers A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting businesses. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Stablecoin Expansion Stalls Ahead of U.S. Inflation Data Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Metaplanet Makes Bitcoin a Reserve Asset As Japan’s Debt Mountain Grows The announcement comes at a time when Japan's fiscal crisis is said to be playing out in the currency market. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Is In a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say The current boring crypto market could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
EigenLayer Opens Claims for Airdrop of EIGEN Token, Though It's Non-Transferable Perpetual futures markets price the fully diluted value of the token at around $15 billion. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
WisdomTree’s Crypto Business Goes Live in New York Against Big Shareholder's Wishes WisdomTree’s digital asset app on Thursday became available to customers in New York, even as CEO Jonathan Steinberg is under pressure from shareholders as a result of the investment company's push into decentralized finance. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma Hyperbolic, the two-year-old startup focused on decentralized AI computing, said that it is introducing a protocol called “Proof of Sampling (PoSP),” aimed at addressing challenges with trust in decentralized AI networks. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
House Poised to Vote on Erasing SEC Crypto Policy While President Biden Vows Veto The U.S. House of Representatives is poised to vote on a resolution Wednesday to reject the Securities and Exchange Commission (SEC) cryptocurrency accounting guidance that the industry said has deterred banks from handling crypto customers, but President Joe Biden is already promising he'll veto the effort if it hits his desk. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Is an Election Issue This Year. Is That a Good Thing? A new DCG-funded survey found one-in-five voters think crypto is a key issue in U.S. elections this November. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: From 'Node Sales' to 'Address Poisoning,' the Money's in Crypto In this week's issue of The Protocol newsletter, we dive into the crypto industry's fundraising method du jour – it's all about the decentralization! PLUS: Polyhedra says its ZK prover is 2x faster than anyone else's. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion U.S. authorities have identified Russian national Dmitry Khoroshev as the mastermind behind the notorious LockBit ransomware gang, and are offering a $10 million reward for information that leads to his arrest. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Two Big Bitcoin Catalysts Could Drive MicroStrategy Stock Gains, TD Cowen Says Bitcoin has significant upside potential this month thanks to two big catalysts and Michael Saylor's MicroStrategy (MSTR) stock could surge, too, on its way toward getting "meaningfully higher" by the end of the year, TD Cowen analyst Lance Vitanza said in a note Monday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The SEC Can’t Stop Suing Crypto Companies Robinhood apparently made strenuous efforts to comply with the agency, even applying to become a special purpose crypto broker-dealer. The SEC is likely to sue for alleged securities violations in any case. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074'  EIP-3074 has drawn both support and concern from the Ethereum community, a code change that is supposed to improve the user experience with wallets on the blockchain. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Elon Musk Will Likely Remain Tesla CEO, and Tweet Non-Stop: Prediction Markets Also: Trump faces likely conviction, per Polymarket punters; CFTC hearing to discuss political betting ban. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
First Mover Americas: Bitcoin Nears $65,000 Amid Strong Crypto Rebound The latest price moves in bitcoin (BTC) and crypto markets in context for May 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Australian Court Hands Win to Market Regulator in Case Against Qoin Blockchain, But There is a Catch An Australian Federal Court mostly ruled in favor of Australia's markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme, on Friday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Conspiracy Charge Alexander Vinnick, the Russian national who was one of BTC-e's operators, pled guilty to conspiracy to commit money laundering for his role with the crypto exchange. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Full Transcript: Why MoonPay and PayPal Partnered to Expand Crypto Adoption in the U.S. MoonPay co-founder and CEO Ivan Soto-Wright joins CDTV's "First Mover" to discuss MoonPay's recent partnership with PayPal. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Dollar Won, but Might the U.S. Lose Control of the Dollar? We have a world currency already: it's the dollar. Do we want to keep it that way? CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Friend.Tech's Native Token Tanks to $2.5 After Debut Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
CZ’s Trial Proves it Pays to Cooperate His four-month sentence was vindication for the Binance founder’s legal strategy. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled Hopes for a series of interest rate cuts in 2024 have been quickly vanishing over the past few weeks as both the economy and inflation exhibit unexpected strength. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin's Ethereum-Style Programmability Could Come in 12 Months, Rootstock Founder Says  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data