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   Business News    Latest News and Updates   Latest News and Updates

  Posted by u/ 7 months ago

16 days to go: Bitcoin Dogs quickly raises $5M as BTC correlation fuels frenzy

Bitcoin Dogs presale has surpassed $5 million in 2 weeks since it opened. As the first BRC-20 token, $0DOG rides Bitcoin’s bullish trends. Bitcoin Dogs presale concludes on March 15. With 16 days to go before Bitcoin Dogs ($0DOG) closes its much-hyped presale, investors are growing excited. They quickly bought over $5 million of tokens […]

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  Posted by u/ 7 months ago

Bitcoin hits $64,000 before sharply retreating as Coinbase crashes

Bitcoin price hit highs of $64,100 on Coinbase, surging double-digits. BTC however fell sharply as Coinbase users reported issues with account balances. Coinbase CEO Brian Armstrong noted the exchange had recorded a spike in traffic. Bitcoin price crossed the $64,000 mark on Wednesday February 28, to hit its highest level since October 2021. The top […]

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  Posted by u/ 7 months ago

Sam Bankman-Fried Asks for 6.5 Year Prison Term After Conviction in FTX Collapse

Former FTX boss Sam Bankman-Fried (SBF), found guilty of fraud last year and due to be sentenced next month, has asked the court for a 'just' sentence of 63 to 78 months, according to a court filing submitted Tuesday.

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  Posted by u/ 7 months ago

Senator Warren Hits Out at Crypto Again, Says Industry Needs to Follow the Same Rules as TradFi

Warren reiterated her disdain for the industry in an interview.

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  Posted by u/ 7 months ago

Falling Bitcoin-Ether Spread is Music to Altcoin Traders' Ears

The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve, one analyst said.

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  Posted by u/ 7 months ago

Bitcoin Bulls Target $69K Lifetime Highs Ahead of Halving

An expected pre-halving rally is a good spot to realize short-term profits, one market observer said.

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  Posted by u/ 7 months ago

Crypto Custodian Finoa Offers Centrifuge?s Tokenized T-Bill Fund

Tokenized assets pioneer Centrifuge is linking its BVI-regulated Anemoy fund to Finoa?s 300-plus crypto institutions.

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  Posted by u/ 7 months ago

Bitcoin Surges Above $59K as Bull Rally Continues

The ?fear and greed? index reading is now at 87, a sign of ?extreme greed.?

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  Posted by u/ 7 months ago

Crypto Traders Hedge Bitcoin Rally After 40% Rise in 4 Weeks, Options Data Show

Some traders have started buying puts to protect against a potential sharp decline, according to Greeks.Live.

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  Posted by u/ 7 months ago

Stacks Creator Ali Calls Bitcoin 'Apex Predator' as Development Flourishes on OG Blockchain

Muneeb Ali, the co-creator of Stacks and Princeton-educated computer scientist who's now CEO of the Bitcoin-focused development firm Trust Machines, spoke with CoinDesk's Jenn Sanasie on the flurry of development and layer-2 building now taking place on the original blockchain.

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  Posted by u/ 7 months ago

TON Rockets Nearly 40% After Telegram Says Will Share Ad Revenue Via Ton Blockchain

The Telegram Ad network will open to advertisers in March, founder Pavel Durov said in a broadcast on his official channel.

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  Posted by u/ 7 months ago

Crypto Stocks Rise as Bitcoin Plows Through $59K for First Time Since 2021

Gains among exchange-traded funds were led by BlackRock's IBIT.

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  Posted by u/ 7 months ago

Solana Veterans Raise $17M for 'Backpack' Crypto Wallet, Exchange

Armani Ferrante's and Tristan Yver's startup raised the funds at a $120 million valuation.

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  Posted by u/ 7 months ago

First Mover Americas: PEPE, Not BTC, Is The Top Trending Token

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 28, 2024. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ 7 months ago

Bitcoin Tops $63K for First Time Since November 2021

The rally continued Wednesday as the spot ETFs continued to see massive inflows of fresh money.

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  Posted by u/ 7 months ago

Binance Nigeria Moved $26B Worth of Untraceable Funds in 2023, Central Bank Chief Says: Reports

The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.

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  Posted by u/ 7 months ago

Liquid Restaking Protocol Ether.Fi Raises $23M Series A

Liquid restaking protocol ether.fi has raised $23 million in a Series A round led by Bullish Capital and CoinFund.

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  Posted by u/ 7 months ago

Finance Protocol Usual Introduces Stablecoin Backed by Real-World Assets

Profits are redistributed to the community by rewarding token holders with yields.

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  Posted by u/ 7 months ago

Ark and 21Shares to Disclose Spot Bitcoin ETF Reserves Via Chainlink Integration

Asset managers Ark Invest and 21Shares have taken a step towards more transparency of their ARK 21Shares Bitcoin ETF (ARKB) by integrating Chainlink?s proof of reserves to bring reserve data on the Avalanche mainnet, the companies announced Wednesday.

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  Posted by u/ 7 months ago

Crypto Political Operation Targets California's Katie Porter by Undermining Her Base

A leading crypto industry political operation, Fairshake, is trying to ensure that the U.S. Senate doesn't get a twin for its chief Washington antagonist Sen. Elizabeth Warren (D-Mass.) by trying to cut the legs from under U.S. Rep. Katie Porter (D-Calif.) in the 11th hour of her state's primary-election battle.

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  Posted by u/ 7 months ago

Mt. Gox: What We Still Don?t Know 10 Years After the Collapse

To commemorate the 10th anniversary of the collapse of bitcoin exchange MtGox, Mark Hunter, author of ?Ultimate Catastrophe: How MtGox Lost Half a Billion Dollars and Nearly Killed Bitcoin,? tackles the questions that still remain unanswered ten years later.

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  Posted by u/ 7 months ago

Bitcoin Miner Marathon's Shares Outperform Peers Ahead of Possible 'Strong' Earnings Report

The miner is expected to report a "strong acceleration in Q/Q revenue growth" due to a rally in bitcoin prices, said a Jefferies analyst.

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  Posted by u/ 7 months ago

VanEck Starts Digital Asset Management Platform and NFT Marketplace

The platform, called SegMint, aims to streamline the sharing of access and ownership of self-custodied assets.

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  Posted by u/ 7 months ago

Craig Wright to Face New Allegations of Forgery in COPA Trial Over Ontier Emails

He's set to retake the stand on Friday to defend allegations initially made by his former lawyers that their correspondence submitted to court had been doctored.

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  Posted by u/ 7 months ago

Amid Ferocious Bitcoin Rally, a Coinbase Snafu Shows $0 Balances for Customers

Multiple users of Coinbase's U.S. platform said on Wednesday that their account balances were wiped out.

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  Posted by u/ 7 months ago

Coinbase Adds 2 Software Programs for Ethereum Staking, to Reduce Concentration Risks

The publicly traded U.S. crypto exchange said it would add support for the additional Ethereum "clients" ? computer programs used to access and run the distributed network ? to help reduce dependence on the dominant Geth software.

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  Posted by u/ 7 months ago

El Salvador's Bukele Says Value of Country's Bitcoin Holdings Up Over 40%

The country's bonds have also surged to over 80 cents on the dollar.

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  Posted by u/ 7 months ago

Bitcoin Suddenly Plummets 7% After Hitting $64K, Triggering Over $700M Crypto Liquidations

Bitcoin rose to $64,000 Wednesday before quickly reversed to $59,000, CoinDesk data shows.

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  Posted by u/ 7 months ago

What to Expect From Ethereum?s Cancun-Deneb Upgrade

The beginning of "The Surge" era in Ethereum's roadmap sees a range of enhancements to scalability, efficiency and security. Here?s a breakdown.

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  Posted by u/ 7 months ago

Bitcoin ETFs and Crypto Separately Managed Accounts: What RIAs Need to Know

SMAs allow investors to get exposure to multiple digital assets within the same portfolio, including novel protocols or tokenized RWAs.

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  Posted by u/ 7 months ago

Retail Investors Are Sleeping on Bitcoin's March Towards All-Time Highs: IntoTheBlock

Metrics that previously signaled retail froth are still at low levels, suggesting that this phase of bitcoin's rally is driven by institutional investors, IntoTheBlock analysts said.

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  Posted by u/ 7 months ago

Morgan Stanley Evaluating Spot Bitcoin ETFs for Its Giant Brokerage Platform: Sources

Since spot bitcoin ETFs went live in January, chatter has increased about the imminent arrival of the big registered investment advisor (RIA) networks and broker-dealer platforms.

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  Posted by u/ 7 months ago

U.S. Government Crypto Wallets Transfer Nearly $1B of Bitcoin Seized From Bitfinex Hacker

Wallets containing bitcoin seized by the U.S. government in the notorious Bitfinex hack ? later leading to guilty pleas for Ilya Lichtenstein and Heather "Razzlekhan" Morgan ? have suddenly become active.

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  Posted by u/ 7 months ago

The Protocol: Bitcoin's Call for Volunteers, Ethena's USDe, Blast's Blast-Off

In this week's issue of CoinDesk's newsletter on blockchain technology, we've got an exclusive interview with Stacks co-creator Muneeb Ali. PLUS: More than $200 million of blockchain project fundraisings.

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  Posted by u/ 7 months ago

Bitcoin ETFs Break Volume Record Led by BlackRock Amid Wild Crypto Price Action

U.S. spot bitcoin {{BTC}} exchange-traded funds (ETF) experienced another massive trading session Wednesday with BlackRock's bitcoin ETF (IBIT) breaking its volume record for the third consecutive day.

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  Posted by u/ 7 months ago

Coinbase Made an Arbitration Case to the U.S. Supreme Court ? Again

Crypto exchange Coinbase again led a legal charge on the ins and outs of arbitration in the U.S. Supreme Court on Wednesday. The latest case isn't about digital assets, directly, but it may be important for every modern consumer who buys, registers or contracts for a product or service ? and for the businesses trying to stay out of court.

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  Posted by u/ 7 months ago

Winklevoss Twins' Gemini Promises to Return $1.1B to Earn Customers

Gemini told the New York Department of Financial Services it would return at least $1.1 billion to its Earn customers after Genesis Global Capital wraps up its bankruptcy process, according to NYDFS.

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  Posted by u/ 7 months ago

Bitcoin Miner Marathon's Sales Beat Fails to Impress Wall Street

The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.

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  Posted by u/ 7 months ago

Sam Bankman-Fried Doesn't Want to Go to Prison for 100 Years

Sam Bankman-Fried's new legal team filed his sentencing memo, alongside 29 different character references and other supporting documents, arguing he shouldn't face a lengthy prison term after his conviction last November on two fraud and five conspiracy charges.

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  Posted by u/ 7 months ago

Protocol Village: Bitcoin Miner Marathon, Plans 'Anduro,' a Multi-Chain Layer-2

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 29-March 6.

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  Posted by u/ 7 months ago

Shiba Inu Adopts Tech to Bring More Privacy For SHIB Token Holders

Shiba Inu ecosystem token TREAT will power the ?new privacy layer? for the Shibarium blockchain.

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  Posted by u/ 7 months ago

Bitcoin Logs Biggest Single-Day Gain Since October, Market-Neutral Bets Yield 3x U.S. Treasury Notes

The attractive yield on the market-neutral cash and carry trade could draw more money to the crypto market.

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  Posted by u/ 7 months ago

Funtico Launches Exclusive Whitelist for Summoners NFT Sale

Gibraltar, Gibraltar, February 27th, 2024, Chainwire The new gaming platform Funtico is thrilled to announce the launch of its whitelist for its first exclusive Summoners Collection NFT sale. In addition to providing access to the Summoner Collection, whitelist spots offer some big benefits on the horizon as the Funtico platform barrels full speed ahead to

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  Posted by u/ 7 months ago

Justin Sun HTX Account Raises Suspicions With 28,613 BTC

Justin Sun HTX account showcases $1.6 billion in Bitcoin, emphasizing active usage to dispel doubts.

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  Posted by u/ 7 months ago

Coinbase Asset Recovery Tool Now Supports Asset Recovery On BNB Smart Chain And Polygon

Coinbase asset recovery tool expanded to support BNB Smart Chain and Polygon, in addition to Ethereum.

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  Posted by u/ 7 months ago

Bitfinex Hacker Unveils Crypto Exchange Hack and Money Laundering Scheme

Bitfinex hacker revealed to the jury that he had infiltrated Bitfinex's systems for several months and also breached personal accounts on other crypto exchanges like Coinbase and Kraken.

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  Posted by u/ 7 months ago

BlackRock Spot Bitcoin ETF Continues To Break Through $1.3 Billion Trading Volume

BlackRock spot Bitcoin ETF has attracted $7.2 billion in inflows since January, establishing itself as a leader among recently approved U.S. ETFs.

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  Posted by u/ 7 months ago

Ripple SEC Lawsuit Is In Conflict Over Deadlines

Ripple SEC lawsuit is in a legal dispute over deadlines, with the SEC seeking extensions for brief submissions.

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  Posted by u/ 7 months ago

Kraken SEC Lawsuit Continues Tension With Chamber Of Digital Commerce?s Intervention

The Chamber of Digital Commerce has intervened in the Kraken SEC lawsuit by filing an amicus curiae brief in support of the exchange.

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  Posted by u/ 7 months ago

Decentralized Finance (DeFi): Transforming the Way We Bank

Decentralized Finance, or DeFi, is frequently hailed as the future banking system offering users the prospect of a global financial network free from the grip of traditional institutions.

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