Ripple's XRP Drops 5% Amid Report of Potential $112M Hack
Blockchain analyst ZachXBT claims 213 million XRP tokens were stolen before being laundered across multiple exchanges.
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Vibe Check: The Bullish Bounce Back: CoinDesk Indices' Todd Groth
Periodic observations and market musings from Todd Groth, Head of Research, CoinDesk Indices.
First Mover Americas: BTC Loses $43K as Crypto Prices Slip
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Former UK Chancellor George Osborne Joins Coinbase as Adviser
Osborne becomes the second former U.K. chancellor to join a crypto firm following his immediate successor, Philip Hammond.
Markets 'Too Optimistic' About Fed Rate Cuts: JPMorgan Asset Management
"The market may be too optimistic as we see limited evidence of disinflation in certain areas that are a focus for the Fed," strategists said, explaining a potential for a decline in risk assets.
Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX
The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously.
Sui Becomes a Top 10 DeFi Blockchain in Less Than a Year
Developers on Sui are building products that people are using to address real-world challenges, according to Greg Siourounis, Sui's managing director.
UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say
The U.K.'s approach to handling privacy concerns posed by a digital pound should help quench concerns, according to interviews with a wide range of crypto industry legal and technical insiders.
NFTs Outpaced Ether's Gains in January
Ether prices are set to close the month just over 2% higher, while major NFT indices have gained almost 10%.
Solana DEX Jupiter's JUP Token to Debut With 1.35B Circulating Supply
The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.
Ethereum's 'Dencun' Upgrade Goes Live on Second Testnet, With Just One Remaining
Next week, on Feb. 7, Dencun will go live on its final Ethereum testnet, Holesky. After that, developers will ink in a date to activate Dencun on the main blockchain.
Vitalik Buterin Says Developers Should 'Tread Carefully' Mixing Crypto and AI
The Ethereum co-founder has warmed up on the potential intersection between AI and crypto, though he warns developers to be careful.
Why People Still Think Bitcoin Will Die
Unstoppability is one of its most important and reliable features. So why do so many respondents to a recent survey think Bitcoin will fail in 2024?
When Is a Ponzi a Ponzi?
U.S. authorities indicted the operators of HyperVerse, allegedly an $1.8 billion “Ponzi scheme.” There’s a fine line between a “fraudulent investment scheme” and many crypto projects, it seems.
Bitcoin Miner GRIID Shares Extend Drop After Nasdaq Listing
GRIID commenced trading on the Nasdaq Global Market on Monday under the ticker symbol "GRDI" while continuing to trade on Cboe Canada under the same ticker.
Jack Dorsey's Block Inc. Begins Layoffs Under Previously Disclosed Plan to Cut Staff by 10%
The company plans to drastically reduce its headcount throughout 2024 through a series of layoffs and reorganizing measures.
Ether Could Hit $4,000 With Likely Spot ETH ETF Approval in May: Standard Chartered
The British bank predicts that the SEC will eventually treat spot ether ETF applications similarly to bitcoin ETFs, putting May 23 as the expected date for an approval.
Bitcoin Price Nears $44K as ETFs See Net Inflows for First Time in a Week
The 10 spot bitcoin ETFs on Monday experienced their first net inflows in one week, helping to send the price of bitcoin to its highest level since the day after the funds began trading.
Thailand's SEC Breaks New Ground in 2024 With Crypto-Friendly Rules
Thailand's SEC has updated its rules by removing retail investors' limits for asset-backed tokens, creating new rules for custodians and giving them a larger role in monitoring digital asset business.
Taproot Wizards Delays 'Quantum Cats' Sale for 2nd Time, After Messy Bitcoin NFT Debut
"We had big plans for mint day and we didn’t live up to your expectations of us and to our expectations of ourselves," Taproot Wizards co-founder Udi Wertheimer posted on X.
How the Crypto Industry Responded to FinCEN's Proposed Mixer Rule
Last October, the Financial Crimes Enforcement Network proposed implementing a new regulatory regime for crypto mixing services that would treat the entire class of privacy tools as money laundering threats and force new recordkeeping rules on U.S…
Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
Web3 Payments Firm Transak Joins Visa Direct to Streamline Crypto-to-Fiat Conversion
The deal allows the Web3 payments infrastructure provider's users in over 145 countries to easily convert crypto into local fiat currencies.
German Police Seize $2.1B Worth of Bitcoin in Piracy Sting
Police in Germany have provisionally seized 50,000 bitcoin worth $2.17 billion in what it is calling its largest seizure to date.
First Mover Americas: Bitcoin Eclipses $43K Having Gained Nearly 10% in a Week
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
MIM Stablecoin Suffers Flash Crash Amid $6.5M Exploit
The stablecoin issued by decentralized platform Abracadabra.money {MIM}, suffered a flash crash to $0.76 after reports emerged of a $6.5 million exploit.
Bitpanda Crypto Exchange to Withdraw From Netherlands
The company said it is committed to complying with the regulatory landscape.
Fintech Provider Portal Raises $34M Seed Round for Bitcoin-Based Decentralized Exchange
Portal aims to offer a decentralized infrastructure for peer-to-peer swapping of BTC across different blockchains without the need for intermediaries, which heighten the risk of hacks.
SOL, AVAX Lead Crypto-Market Recovery, Bitcoin Tops 50-Day Average Before Fed Meeting
Altcoins' consistent positive performance over the past six days is boosting optimism and setting up bitcoin to test $46,000, one analyst said.
Binance Now Allows Larger Traders to Keep Their Assets Elsewhere: FT
The move may reflect users' unease about Binance's regulatory dispute in the U.S. which saw it landed with a $4.3 billion fine in November.