Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution
The Ethereum-based crypto trading protocol will shut down and distribute its treasury to investors.
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Former FTX Exec Ryan Salame Talking to Prosecutors About Plea Deal: Bloomberg
It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.
Desperately Seeking Crypto’s Killer App
When you take away the speculation, what Web3 services actually deliver utility for users?
Crypto Market Leaders and Laggards: The Biggest Movers of the Week
Stellar (XLM), XRP (XRP) and Shiba Inu (SHIB) were notable winners from the last week, while Curve Finance (CRV) and Augur (REP) struggled. The market is down overall, according to CoinDesk Market Index, but only marginally compared to recent growth.
Lessons of a $37M Attack: How a Ukrainian Payment Processor Was Hacked
CoinsPaid, a crypto payment processing company with Ukrainian roots, fell a victim to a social engineering attack, thought to have emanated from Lazarus, a North Korean hacking group.
Bavaria's Data Regulator Had Not Concluded Assessment of Worldcoin When the Project Launched
The Sam Altman co-founded project has been shut down in Kenya over privacy concerns.
Sam Bankman-Fried Will Still Face Campaign Finance-Related Charge, Justice Department Says
The U.S. Department of Justice still plans to argue that Sam Bankman-Fried conducted an "illegal campaign finance" scheme when it goes to trial in October, prosecutors said Tuesday, two weeks after saying they couldn't bring a campaign finance…
Cathie Wood and Mike Novogratz Are Both Bullish on Spot Bitcoin ETF Approvals
Ark Invest CEO Cathie Wood and Galaxy Digital CEO Mike Novogratz are both optimistic about the imminent approval of a spot bitcoin ETF.
Brevan Howard Backs Crypto Infrastructure Startup Puffer in $5.5M Round
The seed round for the liquid staking startup was co-led by Lemniscap and Lightspeed Faction.
Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD
Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday.
Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan
The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.
Binance Receives License to Offer Bitcoin, Digital Asset Services in El Salvador
The crypto exchange said it now holds licenses to operate in 18 countries.
Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud
Hundreds of millions of dollars have been lost to scams and exploits in July alone.
Multicoin Backer L1 Digital Raises $152M for Second Crypto VC Fund
The Swiss advisor makes direct investments in crypto projects and also backs early-stage crypto investment firms.
Crypto Brokerage Blockchain.com Receives Institution License From Singapore
The company had received an in-principle approval from the Monetary Authority of Singapore last year.
Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers
A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to the retail mutual insurer comprising over 5,000 shopkeepers and small retail businesses.
Circle Seeks to Make Crypto Payments Easier With New 'Programmable Wallets'
Circle’s Programmable Wallets platform is available now for developers on Ethereum, Avalanche and Polygon, with plans to expand to other blockchain later this year.
First Mover Americas: Market Doesn't React Much to PayPal Stablecoin
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
AI Will Be One of the Most Important Investment Themes Over the Next Decade: Morgan Stanley
The generative-AI market rally is assumed to have started with the launch of ChatGPT late last year, the report said.
Rising Dormant Bitcoin Numbers Suggest Holding Is a Preferred Investment Strategy
Almost 69% of circulating bitcoin have been inactive for at least a year.
Bitcoin, Ether Flat as PayPal USD Report Fails to Ignite Market; SHIB Finds Support
Ether (ETH), bnb (BNB) and cardano (ADA) were similarly little changed. Dogecoin (DOGE) and Avalanche blockchain’s avax (AVAX) fell 1.5% to lead losses among major tokens.
UK's Central Bank Forges Ahead With Plans for a Systemic Stablecoin Regime
The U.K. recently passed the Financial Services and Markets Act 2023 into law which gave the BoE powers to set up a systemic stablecoin regime.
Fake PayPal USD Tokens Pop up on Several Blockchains
Some of these tokens can’t be sold after purchase, while some can "pull the rug" at any moment.
Bitstamp Raising Funds for Asia, Europe Expansion: Bloomberg
Bitstamp is one of the oldest crypto exchanges, founded in 2011.
Reddit Community Tokens Moons and Bricks Soar 50% on Kraken Listing
Kraken and Kraken Pro users can trade both coins against the U.S. dollar and euro in the spot market.
Huobi Receives $200M USDT, $9M Ether From Whale
Transfers occur as outflows from exchange continue.
First Mover Asia: What Will It Take to Get Bitcoin to $30K?
The world’s largest digital asset isn’t budging and it'll take regulatory clarity to push past $30,000.