First Mover Americas: Bitcoin Struggles to Gain Momentum; FTX Files Plan to End Bankruptcy
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Polygon Stops Work on 'Edge,' Used to Build Dogechain, as Focus Turns to ZK
Polygon Labs, a developer of scaling networks for Ethereum, has shifted toward "Polygon CDK," a blockchain-development kit powered by zero-knowledge cryptography. The older "Polygon Edge" was used by Dogechain, in an unofficial effort to build a…
Bitcoin at Risk of Snapping Historic Winning Streak, but 'Perfect Storm' Brews for a Strong 2024
Investors moved the highest amount of BTC to exchanges since March, IntoTheBlock noted, signaling profit-taking after bitcoin's first eight-week streak of gains since 2017.
Coinbase Tried to Rein in a Renegade SEC That's Trying to Rein in a Renegade Industry
The SEC rejected Coinbase's petition for crypto rulemaking, marking yet another refusal to provide regulatory clarity for an industry that badly wants it.
U.S. SEC Denies Coinbase's Push for Crypto Regulations as 'Unwarranted'
U.S. crypto exchange Coinbase's petition to the Securities and Exchange Commission (SEC) to prod it toward a system of tailored rules for digital assets was rejected by the regulator on Friday.
First Mover Americas: Bitcoin Ends the Week in Muted Mood
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Lawmaker Calls for the UK Government to Do More for Blockchain
Member of Parliament Natalie Elphicke also announced that the parliamentary group she chairs will be hosting industry round tables and a call for evidence.
Financial Regulators Reiterate Call for Legislation to Address Crypto Risks
Congress needs to pass laws addressing stablecoins and non-securities spot markets, the Financial Stability Oversight Council said in its latest annual report.
'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates.
U.S. crypto regulation has much to learn from Japan, Singapore and Hong Kong. But while these jurisdictions offer legal clarity around digital assets, they also have some of the toughest rules in the world, says CoinDesk’s Emily Parker.
Arbitrum Throws Hat In Ring for Celo's Migration to Layer-2 Blockchain
Celo originally planned to build its Ethereum layer-2 network with Optimism's OP Stack. Then Polygon and Matter Labs pitched their stacks. Now, Arbitrum, the biggest layer-2, wants in on the bake-off.
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