#COINDESK News

Bitcoin To Test Record Highs On ETF Flows; Coinbase Surges On Upgrade

investors.com Cryptocurrency prices jumped Friday as bitcoin surged back near $67,000. Institutional investors poured hundreds of millions of dollars into spot bitcoin ETFs this past…

Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?

coindesk.com The U.S. Senate joined the House of Representatives in voting to repeal a controversial U.S. Securities and Exchange Commission (SEC) accounting rule that imposed burdensome…

Miners Eye Middle East as Next Region for Growth

coindesk.com The Oman government has invested more than $800 million in crypto-mining operations. The UAE’s 400 megawatts of Bitcoin mining is about 4% of the global Bitcoin mining…

First Mover Americas: Bitcoin Regains $66K Following Bullish ETF Data

coindesk.com This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every…

Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows

coindesk.com None Bitcoin could potentially surpass its all-time highs of $74,000 as early as next week due to increasing institutional demand and risk appetite for assets. • None The…

SBF’s prison sentence marks the end of the crypto grift era

techcrunch.com On Thursday, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison after he was found guilty on seven charges of wire fraud and money-laundering.…

First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom

coindesk.com This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every…

Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it

coindesk.com On Monday, President Joe Biden ordered a bitcoin mining facility near Warren Air Force Base in Wyoming to stop operations, citing a threat to national security as it uses…

Solana Meme Coin Factory Pump.Fun Compromised by 'Bonding Curve' Exploit

coindesk.com The Solana blockchain's red-hot meme coin factory Pump.Fun descended into chaos Thursday at the hands of an exploiter who compromised the tech central to its issuance of…

How 2 Brothers Allegedly Cheated a Noxious-But-Accepted Ethereum Practice for $25M

coindesk.com In late 2022, the brothers Peraire-Bueno – twenty-something graduates of a prestigious university who had turned their sights on blockchain – embarked on an effort that…

Fully Backed Stablecoins Do Not Need Complex Federal Regulation

forbes.com The introduction of the Lummis-Gillibrand Payment Stablecoin Act has spurred all sorts of speculation and criticism. The big question is whether members of Congress will…

French Securities Regulator Warns Investors Against Crypto Exchange Bybit

coindesk.com France's securities regulator has issued a renewed warning against crypto exchange Bybit, urging customers to “make arrangements for the eventuality that the platform [may]…

Bitcoin and Altcoins Surging Following CPI Report

watcher.guru The crypto market reacted with intense buying pressure as the U.S. Consumer Price Index (CPI) figures came in lower than expected at 3.4%. The latest CPI data reflects that…

India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters

coindesk.com The Securities and Exchange Board of India's (SEBI) suggestion was made to a "government panel" tasked with formulating policy for the finance ministry to consider, Reuters…

Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'

coindesk.com posted its biggest single-day gain in nearly two months on Wednesday as weak U.S. economic data raised the probability that the Federal Reserve (Fed) will join its advanced…

Tornado Cash Developer Alexey Pertsev Appeals Guilty Verdict

coindesk.com Tornado Cash developer Alexey Pertsev filed an appeal with the s-Hertogenbosch court of appeal after being found guilty of money laundering on Tuesday , a spokesperson for…

Bitcoin Prices Fell To Their Lowest Since February Today

forbes.com Bitcoin prices have taken a tumble lately, declining to their lowest value in over two months today. The world’s most value digital currency by total market capitalization…

What the DOJ’s First MEV Lawsuit Means for Ethereum

coindesk.com The U.S. Department of Justice charged two brothers with orchestrating an attack on Ethereum trading bots, charging them with conspiracy to commit wire fraud, wire fraud and…

House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources

coindesk.com A House proposal to revoke the U.S. Securities and Exchange Commission's Staff Accounting Bulletin 121 is likely to pass through the Senate in a vote on Thursday, multiple…

Bitcoin Hovers at $62K While Pepe Hits Record High as GameStop Extends Rally

coindesk.com Crypto markets were little changed over the past 24 hours with only some meme coins posting huge returns as the effects of GameStop’s (GME) share-price rally earlier this…

First Mover Americas: Bitcoin Approaches $63K Ahead of U.S. CPI Data

coindesk.com This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every…

Stablecoin Issuer Circle Files to Shift Legal Home to U.S. From Ireland Ahead of Planned IPO: Bloomberg

coindesk.com None Circle filed to relocate its legal base to the U.S. from Ireland • None The issuer of the second-largest stablecoin said in January that it planned to list its shares…

Huobi Hong Kong Withdraws License Application for the Second Time

coindesk.com None Huobi Hong Kong has withdrawn its license for a second time. • None Neither Hong Kong's market regulator nor Huobi have commented on the withdrawal. The Hong Kong-based…

Crypto's Election Season Is Kicking Off

coindesk.com The U.S. is holding its presidential election this fall. More than half a dozen other countries and bodies are likewise holding – or have held – elections this year. Some…

Insider at Solana's Cypher Protocol Admits to Stealing $300K

coindesk.com Solana-based crypto trading protocol Cypher has endured its share of hacks and heists. But its latest loss – of money meant for down-bad customers – was an inside job. On…

The Hard Truths and Worrying Consequences of the Tornado Cash Verdict

coindesk.com There are hard truths in life, and then there are the things we want to believe. The sentencing of Tornado Cash developer Alexey Pertsev to 64 months in prison in the…

Vitalik Buterin's Ethereum Wallet Proposal, Scribbled in 22 Minutes, Gets Positive Reviews

coindesk.com After a technical proposal to improve Ethereum wallets met with some opposition, a familiar figure swooped in last week to devise an alternative: none other than Vitalik…

Crypto Is an Election Issue This Year. Is That a Good Thing?

coindesk.com An online survey conducted by blockchain conglomerate Digital Currency Group found that more than 20% of voters in several swing states consider crypto to be a key issue in…

'Liquid Vesting' Is Oxymoronic Blockchain Feature That Lets Early Investors Sell Without Waiting

coindesk.com Even in anything-goes crypto trading, there are conventions designed to protect the little guy. One of those is the vesting period – a window of time following a…

Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months in Prison by Dutch Court

coindesk.com Tornado Cash developer Alexey Pertsev has been found guilty of money laundering by a Dutch judge at s-Hertogenbosch court on Tuesday. Pertsev has been given 64 months of…

Peter Thiel's Founders Fund, Vitalik Buterin Back $45M Investment in Polymarket

coindesk.com Billionaire Peter Thiel's Founders Fund is the lead investor, Polymarket founder Shayne Coplan told CoinDesk via Telegram message. Other participants include Ethereum…

'CryptoDad' Giancarlo Joins Paxos Board

coindesk.com None Crypto advocate, lawyer and author of “CryptoDad: The Fight for the Future of Money” J. Christopher Giancarlo will help direct the stablecoin issuer Paxos. • None The…

RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus Mutual

coindesk.com None The new fund backs low-volatility insurances covering properties, trucking, aviation and workers compensation, excluding catastrophic risks at the start, Re CEO Karn…

First Mover Americas: Bitcoin Dips Below $62K Ahead of U.S. Inflation Figures

coindesk.com This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every…

GameStop Rally Sends Meme Coins Skywards; PEPE, FLOKI, MOG Surge

coindesk.com Top meme coins climbed higher Tuesday after a viral post by retail trader Keith Gill, whose cult following contributed to the GameStop short squeeze of 2021, sent some…

Cryptocurrency Warning: Avoid These 3 Failing Names

investorplace.com Discover why some cryptos to avoid are under intense scrutiny amid regulatory and legal pressures in 2024 Following the fourth Bitcoin ( ) halving on Apr. 19, we aren’t…

Bitcoin Runes Protocol Sees Traction Waning After Much-Hyped Introduction

coindesk.com None The Bitcoin Runes protocol experienced a significant decrease in activity and fee revenue after its initial surge after the Bitcoin halving. • None Runes takes the…

Why, for Some, Crypto Is the Defining Political Issue of Our Times

coindesk.com Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. This is an excerpt from…

Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors

coindesk.com None The Hong Kong-listed spot crypto ETFs saw huge outflows on Monday, data from Farside Investors shows. • None Investors pulled nearly $40 million out of the six spot…

Crypto Howls as Circuit Breakers Restrain Red-Hot GameStop Rally

coindesk.com is yet again the stock of the day, soaring Monday due to support from traders gripped by meme-stock fever. But it was a stilted rally, halted repeated by the U.S. stock…

Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions

coindesk.com "We've been working closely with the Kenyan government on how to optimize and monetize renewable energy assets," Jayson Browder, vice president of government affairs at…

Empire Newsletter: Not all ETFs buyers were created equal

blockworks.co Beating bitcoin ain’t easy Not all bitcoin ETF investors are built the same. It’s been four months since nine spot bitcoin ETFs hit US markets, alongside the conversion of…

First Mover Americas: Bitcoin Fails to Hold $63K, May Remain Range-Bound

coindesk.com This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every…

Bitcoin's Potential Fall Below $60K Could Trigger Widespread Panic Selling, Crypto Analyst Warns: 'There Is Pressure Likely...'

benzinga.com Crypto trader Alex Kuptsikevich said that a drop below the $60,000 mark of Bitcoin BTC/USD could trigger a panic sell-off. What Happened: Kuptsikevich noted that the price…

Stablecoin Expansion Stalls Ahead of U.S. Inflation Data

coindesk.com The expansion of stablecoins, or the dollar-pegged cryptocurrencies, which played a crucial role in the crypto bull market of the first quarter, has halted since the Bitcoin…

Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia

coindesk.com Liminal, a Singapore-headquartered provider of custody services, won regulatory approval in Abu Dhabi as its expansion outside its home base takes another step forward, its…

India’s Anti-Money Laundering Regulator Approves Registration for Binance and Kucoin: Report

dailyhodl.com A financial regulator in India is reportedly approving crypto exchange platforms Binance and Kucoin for business within the nation after banning them last December.…

Was Sam Bankman-Fried Proven Right About FTX’s Solvency?

coindesk.com Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. This is an excerpt from…

Crypto Exchanges Binance, KuCoin Register With India's Financial Intelligence Unit as Crypto Credibility Improves

coindesk.com The two have been registered with the country's Financial Intelligence Unit (FIU-IND), the most senior official of the unit, which falls under the nation's Finance Ministry,…

This BRC20 Token Has Raised Over $1M on Presale and Analysts are Saying it Could Explode

ambcrypto.com The BRC20 narrative is hot right now, and 99Bitcoins is leading the way in innovation as it brings a new Learn-to-Earn layer to market. In unison with its learning platform,…

First Mover Americas: Bitcoin Holds Near $63K, Consolidating Week's Recovery

coindesk.com This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every…