/ Crypto New 24
Showing posts from August, 2024Show all
A U.S. Crypto Bill's 2024 Chances Earlier this month, Senate Majority Leader Chuck Schumer (D-N.Y.) told the audience at a "Crypto4Harris" virtual event that he hoped to shepherd crypto legislation through Congress and have President Joe Biden sign the bill into law by the end of 2024. It was a bold promise, one that on first blush seems like a hard pledge to fulfill. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Elon Musk's X Is Reportedly Now Banned in Brazil Following Judge's Ruling  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jailed FTX Exec Withdraws His Request to Compel Government to Abide by Plea Deal Ryan Salame, the former FTX executive sentenced to 7.5 years in prison in May, has withdrawn a legal request to a New York court asking that the conditions of his plea deal with prosecutors be enforced or that his plea be thrown out and his sentence vacated. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump's New Crypto Business to Offer Access to 'High-Yield' Investments, Website Says World Liberty Financial is "the only crypto DeFi platform supported by Donald J. Trump," according to homepage metadata. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Beating the Bots: In Defense of Human Traders As bots come to dominate trading on DEXs, a new price prediction platform allows human traders to demonstrate what they are good at, says Maksim Balashevich, the founder of Santiment. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Solving Fragmentation Is Next Blockchain Race as Layer 2s Multiply, ZKsync Developer Says  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Maker, Now Rebranded to Sky, Draws Ire From DeFi Community on Controversial Stablecoin Change MakerDAO co-founder Rune Christensen said the feature won't be live when the USDS token goes live and the old DAI token will remain in circulation unchanged. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Pavel Durov: The Imperfect Free Speech Hero Pavel Durov is a free speech hero, but Telegram is far from a perfect free speech platform, writes CoinDesk's Ben Schiller. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Slides Below $62K as Consolidation Drags on, but Traders Eye Possible Parabolic Rally  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Tokenized Treasury Funds Pass $2B Market Cap Amid BlackRock’s Explosive Growth Less than five months after hitting $1 billion in market capitalization, tokenized Treasury notes have doubled in size again, crossing the $2 billion level on Saturday, according to data from RWA.xyz. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Accelerating Innovation in the DePIN Sector Everyone agrees the real-world utility of DePINs is what makes them so interesting, but it’s also what makes them so difficult to build. Companies and investment firms like IoTeX, Hotspotty, EV3, and DePIN Pulse are building tools to lower the barrier to entry for DePIN founders and increase the pace of innovation in the industry, says Connor Lovely. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETFs Log $250M Net Inflows, Highest Since July, After Rate Cut Signal at Jackson Hole Federal Reserve chair Jerome Powell confirmed signs that the public agency is set to loosen monetary policy at the Jackson Hole symposium on Friday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Hong Kong Regulator Finds 'Unsatisfactory Practices' at Some Crypto Entities Seeking Full License: Report Hong Kong's Securities and Futures Commission (SFC) has found "unsatisfactory practices" at "some" of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections, Bloomberg reported on Thursday citing people familiar with the situation. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Telegram Says it is Compliant With EU Digital Services Act After Founder Pavel Durov's Arrest The company says its CEO has nothing to hide as Toncoin's losses subside. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
TON Down 14% as Telegram CEO Pavel Durov Arrested in France Durov's arrest stems from a warrant issued by France's OFIM, an office that works to prevent violence against minors, as part of a complaint into Telegram's lack of moderation and cooperation with law enforcement. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Friendly RFK Jr. Drops White House Hunt, Will Lend Kennedy Name to Trump Robert Kennedy Jr. has suspended his independent pursuit of the U.S. presidency and encouraged his supporters to instead back former President Donald Trump in battleground states, putting the weight of the Kennedy name behind the GOP candidate. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Okay, Bloomer! Bloomberg’s editorial board says Harris and Trump shouldn’t “pander” to crypto. The piece itself panders to stereotypes about the digital assets industry. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Meeting Binance CEO Richard Teng Four takeaways from CoinDesk’s interview in New York yesterday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Promoter and Failed Politician Michelle Bond Accused of Illegally Taking FTX Cash Michelle Bond, who once ran a Washington-based crypto advocacy group and had served as a U.S. Securities and Exchange Commission lawyer, was indicted in federal court for taking illegal campaign contributions during her 2022 run for Congress, and court documents detail how a river of cash came through her former FTX executive boyfriend. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Colombia's Regulator Notifies Worldcoin of Alleged Data Violation Worldcoin is currently collecting data of individuals with its Orb device in 25 locations of the Latin American country. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
RFK Jr. Reportedly Dropping Out of Presidential Race, Mulling Trump Endorsement; Bitcoin Jumps Past $61K The independent candidate has scheduled a national address for Friday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Can Crypto Sway the U.S. Election? With the political environment so finely poised, candidates would be wise to attract crypto voters, says Nonco’s Jeffrey Howard. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto-backed Candidate Ansari Narrowly Wins Arizona Primary By 39 Votes Another crypto fan is likely to arrive in Congress next year, with Yassamin Ansari winning her Democratic primary race in Arizona by a scant 39 votes, a result confirmed Tuesday after an automatic recount. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Faster Computers and Better Algorithms Will Fully Decentralize Blockchains The next iteration of blockchain improvements may give us a new opportunity to achieve genuine decentralization, delivering resilient networks with innovative services, says Paul Brody, head of blockchain at EY. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
About That 'Gary Gensler for Treasury Secretary' Story  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Solana's Former Top Decentralized Crypto Exchange Faces SEC Securities Violations Mango Markets' governing body is looking to offer a settlement to the SEC. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Top Democratic Donor Leaves Crypto Super PAC Ron Conway disagrees with spending $12 million to defeat Democratic Senator Sherrod Brown. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
NY Judge Rejects SEC’s Efforts to Stymie Tron’s Arguments in Ongoing Securities Suit A New York judge has rejected a request from the U.S. Securities and Exchange Commission (SEC) to force a pre-trial conference or to require the filing of an additional response in its ongoing securities fraud lawsuit against the Tron Foundation and founder Justin Sun. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means A court in Dubai ordered a company to pay an employee using a cryptocurrency token, as agreed in the employment contract. The ruling raises several questions even as it lends some legitimization to crypto in the region. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Attention Bitcoin Traders, the Japanese Yen Is Strengthening Again A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Shaquille O'Neal Will Have to Defend Some of the Allegations Against Him in the Astrals NFT Lawsuit A U.S. court has granted one part and dismissed another part of a class action lawsuit against legendary basketball player Shaquille O'Neal for his role in the NFT project Astrals, according to court documents. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin's Programmability Draws Closer to Reality as Robin Linus Delivers 'BitVM2'   CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon The blame this time can't be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Nearly $600M of Silk Road Bitcoin Hits Coinbase Prime, but Not Necessarily to Sell Bitcoin's price remained flat around $59,000, while its swift decline from $61,000 earlier today happened before the transaction. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Anatomy of a Meltdown (and Just BTFD) GSR’s Brian Rudick discusses the recent market meltdown, how towering bull tenets and fading risks could propel Bitcoin to $1m, and why the recent dip is a gift, all combining to make cryptocurrency’s risk-reward its most compelling in years. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Australia's Securities Regulator Sues ASX for Misleading Statements About Blockchain Project Australia's Securities and Investment Commission (ASIC) has sued Australia’s largest market operator, ASX Limited, for allegedly making misleading statements about how its blockchain project was progressing to replace its aged Clearing House Electronic Subregister System (CHESS) before revealing it was failing, it announced Wednesday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Goldman Sachs Holds Over $400M in Bitcoin ETFs Investment banker says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What I Learned About Crypto’s Future From Basecamp and FWBFest Binji Pande, who works on partnerships at Optimism Unlimited and is contributor to The Optimism Collective, visits two summer retreats and returns with insights about how crypto can get greater user adoption. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Canto Blockchain Suffers Two-Day Outage Amid Consensus Issue Layer-1 blockchain Canto has been offline since Saturday following a "consensus issue." The CANTO token initially dropped by 21% before recovering over the course of the weekend. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ex-Bank of Japan Official Rules Out Another Rate Hike This Year The BOJ recently raised rates for the first time in over a decade, destabilizing global markets, including bitcoin. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Nears $58K as Market Slides Ahead of Busy Data Week Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
IRS Shares New Crypto Tax Form, Invites Industry Input The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Needs to Radically Rethink Token Distribution The prevailing “low float, high FDV” model can generate significant initial interest in project but benefits tend to disintegrate in the long-term, says Lava Network's Ethan Luc. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What the NYT and Washington Post Op-Eds Get Wrong About Crypto It’s long past time for critics to look past their biases and recognize the reality of the digital assets industry, say Sheila Warren and Justin Slaughter. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Medical Data Company OneMedNet Latest to Pursue Bitcoin Treasury Strategy After Capital Raise OneMedNet (ONMD) late last month raised $4.6 million in a private placement and used $1.8 million of the proceeds to purchase bitcoin, according to a press release. Among the investors was Off The Chain Capital, a crypto investment fund. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy While the crypto rally was broad-based with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash, one observer noted. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients Customers Bank, which has done business with several of the most prominent crypto firms, has been called out by the U.S. Federal Reserve for inadequately policing illicit activity, particularly with digital asset clients. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Brazilian Civil Police Dismantles Crypto Laundering Scheme Employed by Drug Gang The Civil Police of São Paulo, Brazil, dismantled a money laundering scheme managed by the drug gang First Capital Command (PCC) that operated a company operating as a crypto exchange, the police said on X (formerly Twitter) on Tuesday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Death Cross, Dip Buying and Developer Nerves Bitcoin swooned, and crypto markets followed. Should blockchain-project founders and developers be worried? PLUS: We break down Ronin Network's $12 million run-in with white-hat hackers. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too "it would be better for the eco system." CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Semler Scientific Studied MicroStrategy’s Success Before Adopting Bitcoin Strategy It was more than two years before Bitcoin's birth when Dr. Herbert Semler, who served as a flight surgeon in the Korean War before leading cardiology at a Portland hospital, co-founded Semler Scientific in 2007.Seventeen years later, the medical device manufacturer has converted much of its cash holdings to bitcoin and aims to buy a lot more. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Blockchains Against Corruption From currency risk to judicial risk, companies face all sorts of unforeseen macro threats, particularly in an election year. Decentralized tech can ease the burden, writes Paul Brody, head of blockchain at EY. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion over 12 years. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SEC Asks NY Court to Deny Coinbase’s ‘Breathtakingly Broad’ Subpoena Request Lawyers for the U.S. Securities and Exchange Commission (SEC) are pushing back against what they describe as Coinbase’s “breathtakingly broad” subpoena requests searching for “essentially all documents that in any way relate to crypto.” CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Is Bitcoin Still a Store of Value? It depends on what you're trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DePIN and Machine Data Can Change Web3 DePIN enables the tokenization of machines, opening up RWA investments and spreading benefits to owners and users, says Leroy Hofer, CEO and co-founder of Teneo Protocol. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Futures Witness $840M in Liquidations as Bitcoin Nosedives, Ether Records Biggest Fall Since 2021 A sentiment index that tracks crypto markets changed to “fear” early Monday, suggesting a possible sign of a near-term local bottom. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ether Slides 20% as Trading Firm Moves $46M in ETH A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10% Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
On-Device Proofs Solve DePIN Verification Challenges Zero-knowledge proofs generated on DePIN devices are the best way to provide robust verification for service, performance, and location data while maintaining decentralization and privacy, argue NovaNet cofounders Wyatt Benno and Houman Shadab. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks Former President Donald Trump heaped more praise on the "very, very smart people" of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin  could aid in addressing the $35 trillion U.S. national debt. Though Vice President Kamala Harris, his presumptive Democratic opponent in the presidential race, hasn't yet made any policy statements about her own view on cryptocurrency, one of her campaign accounts on X – the "rapid response" campaign effort – seemed to slam Trump's view by airing his comments. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
How DePINs Address AI's GPU Gap and Ethics Problems The future of AI depends on our ability to build a more inclusive, equitable, and decentralized computational landscape, says Mark Rydon, co-founder of Aethir. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Coinbase's 'Solid' Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
MicroStrategy Reports Q2 Loss; Bitcoin Holdings Rise to 226,500 MicroStrategy reported second-quarter earnings on Thursday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
EU Regulator Details How It Classifies Unlawful Overseas Businesses Under MiCA The European Securities and Markets Authority released an opinion report to aid firms that may do business with overseas firms in order to prevent them breaching the rules on Wednesday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data