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CZ’s Trial Proves it Pays to Cooperate - CurrencyCrypt
This is the plain and simple understanding drawn from comparing CZ to Sam Bankman-Fried, the founder and fraudster behind rival exchange FTX, who, in March, was sentenced to 25 years in prison, and never really admitted to his multi-billion dollar theft of client funds. CZ, of course, wasn’t accused of stealing from customers, but instead
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled - CurrencyCrypt
In addition to the rate news, the FOMC announced it is slowing the reduction of Treasuries held on its balance sheet – the so-called quantitative tightening (QT) – from $60 billion per month to just $25 billion per month. Other things being equal, the move is likely to boost risk appetite and asset prices, wrote
U.S. Bitcoin ETFs Bleed Record $563M Even as Fed’s Powell Rules Out Rate Hike - CurrencyCrypt
On Wednesday, GBTC witnessed the second-largest outflow of $167.4 million, followed by ARKB’s $98.1 million and IBIT's $36.9 million. Other funds also bled money even though Powell's net-dovish approach put a floor under risk assets, including bitcoin. A dovish stance is one where the central bank prefers employment and economic overgrowth over excessive liquidity tightening.
Samourai Wallet Founders Arrested and Charged With Money Laundering - CurrencyCrypt
Samourai has been in development since 2015, the DOJ press release said, and Rodriguez and Hill "encouraged and openly invited users to launder criminal proceeds" through the mixer, the press release said, citing tweets and private messages. The mobile application has seen more than 100,000 downloads.
OP_CAT Proposal to Bring Smart Contracts to Bitcoin Finally Gets a ‘BIP Number’ - CurrencyCrypt
While Quantum Cats is one of the most popular inscription projects to date, OP_CAT itself is far from universally accepted. There is some speculation, for instance, that despite Heilman and Sabouri submitting their BIP proposal several months ago, it was being held off from approval by lone BIP editor and Bitcoin Core dev Luke Dashjr,
Protocol Village: SEDA, Data and Computation Network, Launches Mainnet Genesis - CurrencyCrypt
April 24: SEDA, a data transmission and computation network that enables a permissionless environment for developers to deploy data feeds, announced the launch of its mainnet genesis event. According to the team: "By mitigating native deployments via a modular and chain-agnostic design, SEDA is building to offer complete developer flexibility with chain-agnostic integrations alongside completely
Do Kwon’s Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms - CurrencyCrypt
“The recent high-profile cases against Terra/Do Kwon and Ripple, with penalties reaching hundreds of millions or even billions of dollars, do signal a change in the SEC's strategy,” University of Pennsylvania assistant law professor Andrea Tosato told CoinDesk in an interview. "Overall, I would say that it appears the SEC is trying to send the
Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving - CurrencyCrypt
But this time, bitcoin has already embarked on a momentous rally to record highs, rising from $15,500 in late 2022 to $73,680, helped by optimism around the approval of spot bitcoin ETFs in the U.S. and then then the ensuing enthusiasm after they began trading in January.
The Bitcoin Halving Is Here, and With It a Giant Surge in Transaction Fees - CurrencyCrypt
Unlike traditional, or fiat, currencies, whose value has historically been eroded by inflation and government printing, bitcoin is designed to be non-inflationary with a maximum total supply of 21 million BTC in circulation. With the halvings every four years, the pace of new issuance of bitcoins reduces over time until the last one is mined,
Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
Crypto Exchange OKX’s Polygon-Powered Layer 2, ‘X Layer,’ Hits Public Mainnet - CurrencyCrypt
“We envision X Layer and other layer-2 chains as the highway infrastructure of the Web3 world, with dApps as the marketplaces and self-hosted wallets as the vehicles that take you there,” OKX Chief Marketing Officer Haider Rafique said in the press release.
Analyst Who Called Bitcoin’s Pre-Halving Rally to $70K Turns Bearish - CurrencyCrypt
“Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction. The primary trigger is the unexpected and persistent inflation. With the bond market now projecting less than three cuts and 10-year Treasury Yields surpassing 4.50%, we may have arrived at a crucial tipping point for
Bitcoin Dips Below $62.5K as CoinDesk’s BTC Trend Indicator Turns Neutral - CurrencyCrypt
"Despite the downturn, trading volumes remained robust, with BTC Spot ETFs recording a weekly trading volume of approximately $16.2 billion, averaging $3.2 billion per day," Matteo Greco, Research Analyst at Fineqia said in a note shared with CoinDesk. "The cumulative trading volume since inception now stands at around $212 billion, with an average daily trading
Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets - CurrencyCrypt
Treasury bonds and the U.S. dollar index (DXY) surged as traders flocked to hedges, while key U.S. equity indices the S&P500 and Nasdaq 100 slipped 1.7% an hour ahead of the close of the trading session. Gold, long considered as a haven asset, surged past $2,400 to a new all-time high before paring its gains,
Why Bitcoin Halving Calculators Are Out of Sync - CurrencyCrypt
The Bitcoin halving is scheduled to occur every 210,000 blocks, or roughly every four years. This particular event will be executed automatically by the network at exactly blockheight 840,000. Based on the way Bitcoin’s creator Satoshi Nakamoto designed the system, bitcoin miners “find” the next block to hash to the blockchain every 10 minutes, meaning
Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court - CurrencyCrypt
Investment contracts are securities regulated by the SEC, so if a crypto transaction qualifies, it belongs in the agency's jurisdiction and should be properly registered under the law. The regulator has argued before lawmakers and courts that the vast majority of digital assets are securities, but Coinbase and others from the industry contend that once
Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
BlackRock Adds Goldman Sachs, Citigroup, UBS as APs for Bitcoin ETF - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
The EasyA Consensus Hackathon: Web3 Unicorn Breeding Ground - CurrencyCrypt
And while $500 million is already an astronomical number, we want to bring it up to $1 billion. That’s why we made the decision to partner with CoinDesk this year, to bring the first ever in-person hackathon to Consensus. Running directly alongside the conference itself, at the exact same venue in Austin, we’re inviting the
Bitcoin Cash Rally Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update - CurrencyCrypt
CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.
DWS, Galaxy Digital List Exchange-Traded Commodities Offering BTC, ETH Exposure in Germany - CurrencyCrypt
While spot crypto exchange-traded products (ETPs) have been available in Europe for several years – CoinShares' Physical Bitcoin ETP, for example, was listed in 2021, and Zurich-based 21Shares says it introduced the world's first physically backed ETP in 2018 – they've come more into focus since the U.S. Securities and Exchange Commission approved a bunch
Ethereum Foundation Researchers’ Proposal to Slow ETH Issuance Draws Pushback - CurrencyCrypt
Notably, Vitalik Buterin, the influential co-founder of the Ethereum blockchain, is one of three members of the executive board of the Ethereum Foundation, according to its website. The organization is described as a "non-profit that supports the Ethereum ecosystem," and part of a "larger community of organizations and individuals that fund protocol development, grow the
Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application - CurrencyCrypt
"Thus, unless Federal Reserve Banks possess discretion to deny or reject a master account application, state chartering laws would be the only layer of insulation for the U.S. financial system," the judge wrote. "And in that scenario, one can readily foresee a 'race to the bottom' among states and politicians to attract business by reducing
Binance Executives File Suit Against Nigeria: Local Media - CurrencyCrypt
In separate filings, Tigran Gambaryan, head of financial crime compliance at the world's largest crypto exchange, and Nadeem Anjarwalla, regional manager for Africa, urged the Federal High Court in Abuja to order the agencies to release them, return their passports and issue a public apology, Leadership reported, citing the government-owned News Agency of Nigeria.
Solana Foundation Says It Can Filter Through the Offensive Meme Coin Problem - CurrencyCrypt
"Choice means the right for a wallet developer to institute a block list," Austin Federa, the Solana Foundation's head of strategy, said during the panel. "Almost every wallet in every ecosystem filters out spam NFTs and spam tokens. Users always have the ability to reveal something if they want to, but the core network needs
Craig Wright Assets Frozen by UK Judge to Prevent Him Evading Court Costs - CurrencyCrypt
In a March 14 decision, Judge James Mellor, who heard the case brought by the Crypto Open Patent Alliance (COPA), also found Wright didn't author the Bitcoin white paper nor the initial versions of the Bitcoin software. Shortly after that, Wright notified Companies House, the U.K.'s register of companies, that shares in his RCJBR Holding
Tornado Cash Dev Roman Storm Moves to Dismiss Indictment Over Crypto-Laundering Allegations - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
3AC Co-Founder Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going ‘Bankrupt’ - CurrencyCrypt
“Am I sorry for a company going bankrupt? No, like companies go bankrupt, almost every company goes bankrupt, right?” Davies said about the public sentiment that he had not shown remorse. “It’s how you build or what you do about it. We’re definitely trying our best. We can add value in various ways. At a
Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg - CurrencyCrypt
Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending with the aim of attracting institutional investors by providing a comprehensive end-to-end service model similar to their counterparts in traditional finance.
SOL Crosses $200 as Meme Coin Frenzy Bumps Demand for Solana Network - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
Billion-Dollar Volumes and Then a Steep Drop Prompts Allegations of Wash Trading on Aevo - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says - CurrencyCrypt
One of them, which appears to have been written after FTX filed for bankruptcy, includes a list of options for how Bankman-Fried could address the bankruptcy situation. The options ranged from blaming the attorneys, appearing on former Fox News host Tucker Carlson's show and "coming out as a Republican" or being interviewed by Michael Lewis
Bitcoin’s Correlation to Nvidia Strongest in Over a Year - CurrencyCrypt
“Every technological revolution like this [AI] – going back from the internet to telephones, railroads, or canals – has been accompanied by early massive hype and a stock market bubble as investors focus on the ultimate possibilities of the technology, pricing most of the very long-term potential immediately into current market prices,” Grantham noted, calling
Beware of Bitcoin’s ‘Rising Wedge,’ Chart Analyst Says - CurrencyCrypt
A rising wedge pattern comprises upward-sloping trendlines that connect highs and lows and converge toward a single point known as the apex. The converging nature of trendlines indicates a steady weakening of bullish momentum. Thus, an eventual wedge breakdown, or the move below the trendline connecting lows, represents a bearish development, paving the way for
U.S. Govt. Study Concludes No NFT-Specific Legislation Needed Yet, Current Copyright Laws Adequate - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
Thailand’s SEC Greenlights Investment From Institutional and Wealthy Individuals in Crypto ETFs - CurrencyCrypt
“Asset management firms asked the SEC for them to have exposure in digital assets, especially bitcoin and spot bitcoin ETFs, but we need to consider carefully whether to allow asset management firms to invest in digital assets directly due to the high risk,” said Pornanong.
Bitcoin Vaults Over $70K, Hits New Highs - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
Billionaire Hedge Funder Bill Ackman Mulls Bitcoin - CurrencyCrypt
"Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues," said Ackman in a post on X.
Solana Client Developer Jito Announces End of ‘Mempool’ Function - CurrencyCrypt
"Additionally, we attempted to engineer solutions to reject sandwich bundles, but our solutions became a cat-and-mouse game with MEV searchers," the statement said. "Ultimately the Jito Labs team views negative MEV, including sandwich attacks, as a drag on the Solana ecosystem, and in the absence of an engineering solution we have made the difficult decision
U.S. Will Appeal Do Kwon’s Extradition to South Korea: Report - CurrencyCrypt
The eyes of global authorities, including Interpol, have been on Kwon ever since Terra collapsed in mid-2022. Terra's collapse wiped out billions of dollars of investor funds, and Kwon fled to Montenegro, where he was arrested for possession of falsified official documents. The courts in Montenegro are deciding the destination of his extradition.