Reddit-Based Tokens Plunge on Report of Wind Down of Community Points
MOON, BRICK and DONUT are each lower by 60%-90%.
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Why Binance, Coinbase, Ripple and Other Crypto Firms Cite the ‘Major Questions’ Doctrine During Legal Imbroglios
Binance, Coinbase and Ripple are just some of the firms that have tried to apply an ill-defined legal doctrine meant to curb overzealous regulators.
Sui Foundation Calls Report of Supply Manipulation 'Materially False'
SUI, the native token of the blockchain that was built by former Meta (META) employees, has tumbled by 5% on Tuesday after the community raised concerns over whether the team had been selling staking rewards on Binance.
BC Technology Denies Report of $128M Crypto Exchange Sale
Firm calls report by Bloomberg “factually inaccurate and highly misleading.”
EU Formally Agrees on New Crypto Tax Data Sharing Rules
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Tokenized RWAs Could Grow to a $10T Market by 2030 as Crypto Converges to TradFi: Report
The market for tokenized real-world assets could grow to $10 billion by 2030 as crypto is maturing and increasingly integrates with existing financial plumbing, crypto asset management firm 21.co said in a report.
BlackRock CEO Larry Fink Seeing Client Demand for Crypto 'Around The World'
Rumors about spot bitcoin ETF approvals aside, Fink called the recent rally a “flight to quality.”.
Fantom Foundation Wallets Drained; $657K Stolen
The foundation wallets of the Fantom blockchain have been drained on both Ethereum and Fantom, according to blockchain security analyst Certik.
Fed Governor Bowman Says U.S. CBDC May Pose 'Significant Risk'
Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.
Scroll Confirms Mainnet Live, as Co-Founder Predicts Speed Gains Over Ethereum
Blockchain data showed that Scroll’s smart contract was deployed on Oct. 8, but the team held off making its official announcement until this week.
SBF Trial: For Once, Bankman-Fried's Lawyer Lands a Punch
Sam Bankman-Fried's former colleague, Nishad Singh, will have to answer questions from the FTX founder's lawyer about the last few years of the exchange's operations.
Bitcoin Magazine Owner Backs First Ordinals Fund, Which Bought $85K Rock
The "Unbroken Chain" fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin.
Why Congress Will Be the Dollar’s Downfall
Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.
Web3-Powered File Management App Raises $1.5M to Offer Alternative to Google
Fileverse offers a decentralized file management and collaboration service, an alternative to centralized providers such as Google or Notion.
When Bankruptcy Regulates Crypto: The Good, the Bad, and the (Really) Ugly
In the absence of specific policy, U.S. regulation of crypto has devolved to judges in bankruptcy proceedings, say Yesha Yadav and Bob Stark.
How African Students Became Victims of FTX’s Collapse
“We saw an exchange that was supposedly better than every other one we had used, so we let a lot of family and friends get involved with the FTX platform,” FTX Africa’s former education lead Pius Okedinachi told CoinDesk.
The Sam Bankman-Fried Trial Is Revealing Crypto's Amateur-Hour Ways
Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX.US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried…
BitGo Buys Crypto Wealth Management Platform HeightZero
HeightZero handles portfolio rebalancing, statement generation, tax loss harvesting and automated billing for crypto clients.
Binance.US Halts Direct Dollar Withdrawals
Dollar deposits in user wallets are no longer eligible for FDIC insurance protection, according to the updated terms of use.
First Mover Americas: FTX Proposes Returning Up to 90% of Customer Funds
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ripple VP: The Policy Considerations 'Justifying the Implementation of CBDCs'
Central bank digital currencies have nearly limitless opportunity but ultimately, mainstream adoption hinges upon usability, Ripple Vice President James Wallis writes.
Pennsylvania Lawmaker Scraps Crypto Mining Ban to Advance Energy Conservation Bill
The state's Environmental Resources and Energy Committee accepted the amended bill on Monday by a slim margin.
Banks Must Disclose Crypto Exposures, Global Regulator Says
The guidance will ensure transparency and market discipline, the Basel Committee on Banking Supervision said
EU Regulator Warns of ‘Opaque’ Crypto Firms as It Seeks to Close MiCA Loopholes
The European Securities and Markets Authority doesn’t want foreign companies operating via EU “letterbox” entities
SBF Trial: FTX Exec Felt ‘Suicidal’ in Crypto Exchange’s Final Days
Nishad Singh told a jury on Monday that his September meeting with Bankman-Fired was the first time he realized that Alameda, FTX’s sister trading firm, had spent billions of dollars of FTX user deposits, and had left a gaping hole in both…
Bitcoin Above $28K Buoyed by California ‘BitLicense’ Bill Being Signed
The broader crypto market returned just over 1.24% on average in the past 24 hours, CoinDesk Market Index shows.
Israel Freezes 100 Binance Accounts Over Suspected Hamas Links: FT
Authorities requested information on some 200 other crypto accounts, the FT said, citing people familiar with the matter.
Lido Finance Sunsets Solana Staking Product After DAO Vote
The staking service for SOL tokens will be discontinued over the coming months, developers said.
Bitcoin's Rising Dominance Rate Challenges Altcoin Boom From 2021
The ascent in bitcoin's dominance rate is consistent with the bullish breakout in June, which marked the end of a prolonged range play between 38% and 48%.