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  Posted by u/ one year ago

Bitcoin Defies Trend as Crypto Funds Experience $342 Million Outflow Streak

Crypto-backed investment funds saw minor outflows totaling $11.2 million last week, marking the third consecutive week of outflows.

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  Posted by u/ one year ago

Lawyers Have Raked In At Least $700 Million From Major Crypto Implosions: New York Times Report

Lawyers, accountants, and consultants make up professionals who have raked in over $700 million in fees following the collapse of several digital asset firms last year.

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  Posted by u/ one year ago

Base suffers first major outage since launch

Block production on Base abruptly halted for 43 minutes as developers rushed to implement a fix.

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  Posted by u/ one year ago

Crypto Spot Trading to Cease at Genesis Global Trading - What's happening?

Genesis Global Trading, a New York-based firm, is voluntarily shutting down its crypto spot trading services. The move is attributed to unspecified business factors and is being coordinated with regulatory agencies like the New York Department of Financial Services and the US SEC. The company will continue to offer derivatives trading through its affiliate, GGC International Limited.

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  Posted by u/ one year ago

Stellar (XLM) Explodes 10% Daily, Bitcoin (BTC) Stalls at $26K: Market Watch

The crypto market cap has recovered just under $10 billion in a day.

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  Posted by u/ one year ago

BTC bull market began in March, more will realize in a year ? Arthur Hayes

The BitMEX co-founder says Bitcoin has been on a bull run since the Fed?s $25 billion dollar program aimed at stabilizing the U.S. banking system.

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  Posted by u/ one year ago

South Korean Hana Bank enters crypto custody business with BitGo

KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.

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  Posted by u/ one year ago

On-Chain Data: Short-Term Bitcoin Holders Face Losses Amid Price Decline \x93 Here's the Latest

The Short-Term Holder Spent Output Profit Ratio for Bitcoin has decreased from 1 to 0.9809, indicating less favorable conditions for short-term Bitcoin holders.

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  Posted by u/ one year ago

Crypto collapses generate hundreds of millions of dollars for lawyers

Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said.

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  Posted by u/ one year ago

El Salvador to introduce Bitcoin education in schools by 2024

The non-profit and NGO Mi Primer Bitcoin partnered with the Ministry of Education El Salvador to include Bitcoin into its curriculum.

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  Posted by u/ one year ago

Bitcoin price metric copies move that last came before -25% FTX crash

Bitcoin SLRV Ratio data performs a moving average crossover absent since before the FTX implosion hit the market.

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  Posted by u/ one year ago

Crypto Exchange Bitfinex Diversifies, Adds Bitcoin to Balance Sheet

Bitfinex, one of the oldest crypto exchanges still operating today, reportedly holds Bitcoin on its balance sheet.

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  Posted by u/ one year ago

Bitcoin range trades as volatility subsides, will TON, LINK, MKR and XTZ follow?

Bitcoin?s failed breakout to the upside hints that range-bound price action could be set to continue. Meanwhile, TON, LINK, MKR and XTZ begin to perk up.

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  Posted by u/ one year ago

Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin

The firm behind the ?Crypto Wealth Report? said it received a spike in the number of crypto-related enquiries by millionaires in the last 6 months.

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  Posted by u/ one year ago

Crypto market ?dramatically underestimates? bullishness of spot Bitcoin ETFs

?It?s reckless not to aggressively accumulate BTC at current levels,? K33 senior analyst Velte Lund said in a recent report.

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  Posted by u/ one year ago

Colombian Bitcoiner aims to orange-pill coffee lovers one bean at a time

The CEO of Lightning Koffee launched the coffee startup in October with the aim of onboarding Medellín's businesses to Bitcoin.

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  Posted by u/ one year ago

South Korean Hana Bank and BitGo to launch joint crypto custody venture

Hana Bank and BitGo are expected to launch a crypto custody service in the second half of 2024. Hana Bank is interested in having tokenized deposit technology replace central bank digital currencies and private stablecoins. South Korean Parliament in June 2023 passed the Virtual Asset User Protection legislation, which integrates 19 crypto-related bills. Korea Exchange […]

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  Posted by u/ one year ago

Best ICOs to Invest in for 2023 According to Reddit

An initial coin offering (ICO) is a way for projects to generate funds to help get themselves up and running. These are regularly used in the crypto world, allowing companies to help generate publicity, which in turn attracts further investment and new users to their platforms. ICOs are usually released with a white paper outlining […]

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  Posted by u/ one year ago

Casio to launch virtual G-SHOCK watch via Polygon

Casio is partnering with Polygon Labs to launch a virtual G-SHOCK watch project. 15,000 G-SHOCK creator pass NFTs will be distributed beginning September 23. Casio is set to debut a virtual version of its G-SHOCK watch on Ethereum scaling platform Polygon, a development that will bring the iconic watch to the metaverse. The Japanese electronics […]

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  Posted by u/ one year ago

Blockchain Wire adds SHIB to list of accepted crypto

Blockchain Wire now accepts Shiba Inu (SHIB) as a payment method. Support for SHIB adds to already accepted Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) Dogecoin (DOGE), Polygon (MATIC); as well as USDT and USDC. Blockchain Wire, a press release distribution provider for blockchain and crypto news, has integrated a new payment option in the form […]

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  Posted by u/ one year ago

Litecoin price outlook darkens as US dollar index (DXY) soars

The US dollar index jumped to the highest level in five months. The rally happened as the US economic growth continued. Cryptocurrencies like Litecoin have an inverse relationship with the USD. Litecoin price remained under intense pressure on Tuesday as the US dollar index (DXY) surged to the highest level in over five months. LTC […]

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  Posted by u/ one year ago

Visa expands its stablecoin capability to include USDC issued on Solana

Visa started venturing into USDC settlements back in 2021 through a partnership with Crypto.com. Crypto.com’s Australian card program’s cross-border volume was paid for using Ethereum-based USDC. Visa is now expanding its USDC settlements to include Solana issues USDC coins. Visa has expanded its stablecoin settlement capabilities to merchant acquirers launching pilots with Worldpay and Nuvei […]

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  Posted by u/ one year ago

Genesis Global Trading to close its over-the-counter trading platform

Genesis Global Trading avoided Genesis bankruptcy earlier this year. Genesis is currently trying to raise funds to pay back its creditors. Genesis’ parent company DCG came to its rescue and reached an in-principle agreement with creditors. According to an email issued to clients on Tuesday, Genesis’ spot crypto trading operation will close down later this […]

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  Posted by u/ one year ago

Hedera (HBAR) hits major milestone with 20 Billion transactions

Hedera (HBAR) has hit a record 20 billion mainnet transactions. HBAR price rose slightly on Tuesday. However it remains in a long-term downward trend at around $0.049 Hedera is celebrating a major milestone as a crypto platform – the mainnet transaction count has surpassed the 20 billion mark. As far as what this means for […]

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  Posted by u/ one year ago

Bitcoin may soon rally based on ?fundamental grounds?: Bernstein

Bernstein analyst says Grayscale ruling was a game changer. Gautam Chhugani expects Bitcoin to materially benefit from it. The world’s largest cryptocurrency is still lingering around $26,000. The recent ruling in favour of Grayscale and against the Securities & Exchange Commission was a “game changer”, says Gautam Chhugani – a Bernstein analyst. Chhugani expects Bitcoin […]

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  Posted by u/ one year ago

Crypto lawyer Irina Heaver on death threats, lawsuit predictions: Hall of Flame

Irina Heaver moved to crypto after she could no longer ?sit in the boardroom listening to that corporate bullshit.?

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  Posted by u/ one year ago

Larry David?s Super Bowl Ad Casts Doubt on FTX.US Separation, DOJ Says

Sam Bankman-Fried says the FTX exchange?s bankruptcy isn?t relevant to the October fraud trial

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  Posted by u/ one year ago

Global Standard Setters to Deliver Global Crypto Policy Roadmap

The Financial Stability Board and the International Monetary Fund are set to deliver a paper calling for global coordination on crypto policy at this weekend's G20 summit.

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  Posted by u/ one year ago

Bitcoin Bulls Face Setback as Monthly Stochastic Indicator Turns Lower: Analyst

At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastic, a signal that has previously marked market peaks.

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  Posted by u/ one year ago

The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes

The steepest Fed rate hike cycle in decades should have killed bitcoin and other risk assets, but a new relationship between the two are forming, Hayes argued in a Tuesday keynote at the ongoing Korea Blockchain Week.

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  Posted by u/ one year ago

Steve Cohen?s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo

The firm plans to use the funding to grow internationally and develop the company?s financial engineering platform.

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  Posted by u/ one year ago

Deribit Sees 17% Growth in Crypto Derivatives Trading Volume in August, Led by Options

Options tied to ether recorded their highest volumes since March of this year, Deribit's Luuk Strijers told CoinDesk.

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  Posted by u/ one year ago

Traditional Finance Exchanges Divided on Crypto Services: Survey

A World Federation of Exchanges survey found 41% of respondents already offer crypto-related products or services, with a further 24% planning to offer them in the future.

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  Posted by u/ one year ago

BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank

The Californian company will develop custody services and security solutions, local media reported.

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  Posted by u/ one year ago

First Mover Americas: Bitcoin Treads Water Below $26K

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 5, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ one year ago

Visa Taps Solana and USDC Stablecoin to Boost Cross-Border Payments

The company said it is one of the first major payment institutions to use directly the Solana network for settlements.

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  Posted by u/ one year ago

Connext Airdrop Marred by $38K Sybil Bot Attack

Connext Network, a protocol that interacts with native blockchain bridges to optimize security, is the subject of intense scrutiny after one wallet appears to have exploited its NEXT token airdrop.

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  Posted by u/ one year ago

Bitcoin Plumbs 6-Month Low Near $25K and Higher Oil Prices Suggest Further Pressure

Saudi Arabia and Russia Monday morning agreed to extend oil production cuts, sending crude to its highest levels of 2023.

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  Posted by u/ one year ago

Genesis to Shutter Crypto Trading Desk for U.S. Market

Genesis Global Trading will halt its crypto OTC desk later this month.

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  Posted by u/ one year ago

Stop Thinking About 'Wins' or 'Losses' in the Bitcoin ETF Debate

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  Posted by u/ one year ago

?Ethereum Supreme Court? Mooted by Blockchain Executive as Alternative to ?Code Is Law?

A proposal from Matter Labs co-founder Alex Gluchowski would see a ?hierarchical system of on-chain courts? arbitrate on-chain disputes.

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  Posted by u/ one year ago

Explaining Ethereum's 'Risk Free' Rate of Return

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  Posted by u/ one year ago

Coinbase Creates New Crypto Lending Service Geared Toward Large Investors

Coinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing.

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  Posted by u/ one year ago

SEC Has 'No Grounds' to Reject Bitcoin ETF Conversion, Grayscale Says

The SEC was last week ordered to review its prior rejection of the conversion of the Grayscale Bitcoin Trust (GBTC), though not necessarily to approve it.

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  Posted by u/ one year ago

Buy Ether Instead of Bitcoin to Ride ETF Momentum, Crypto Research Firm Says

There?s a high probability of approval on or before the SEC?s final deadline in mid-October for a decision on the first ether futures ETF in the U.S.

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  Posted by u/ one year ago

Sam Bankman-Fried's Laptop Has a New Battery Now, DOJ Says

Prosecutors filed a letter Tuesday detailing the amount of access FTX founder Sam Bankman-Fried has to materials he may use in his defense.

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  Posted by u/ one year ago

Layer 2 Base Appears First Major Outage Since Launch

Coinbase's Ethereum layer-2 network, Base, encountered its first major disruption since its public launch on August 9. The outage, which occurred on September 5, resulted in a temporary block production failure.

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  Posted by u/ one year ago

Coinbase Revolutionizes New Crypto Lending Service For Institutions

Coinbase is making its move into the crypto lending space, targeting US institutional investors. The cryptocurrency exchange giant aims to fill the void left by the collapse of firms like BlockFi and Genesis Global.

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  Posted by u/ one year ago

Circle Recommends European Banking Authority Adjust Its Crypto Regulatory Guidelines

Circle, the stablecoin issuer, has responded to the European Banking Authority's (EBA) public consultation, expressing concerns about the proposed expansion of anti-money laundering and terrorism financing guidelines to include crypto asset service providers.

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  Posted by u/ one year ago

X (Twitter) Licensed New Payment Service Remittance In Mississippi

According to Watcher.Guru, X (formerly Twitter) received a payment service remittance license in the state of Mississippi today.

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