Singapore Bank DBS Starts e-CNY Collection Platform
The newly launched merchant collection solution allows businesses automated settlement of e-CNY into their CNY bank deposit accounts.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says
The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.
First Mover Asia: Bitcoin Holds Above $30.5K at the End of a Quiet, Long Weekend
PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn't a good look for Web 3.
UK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime
The bill, introduced in September, now enters its final stages in Parliament.
Bitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs
Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.
Pepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play
Offshoots of several meme coins have popped across the board in a trend that’s likely to die out within weeks.
Voyager Creditors Billed $5.1M for March-May by Law Firm
Latest bill brings total compensation bills to $16.4 million for bankruptcy and restructuring firm.
Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm Genesis
Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.
First Mover Asia: Bitcoin Crosses $31K After Spot BTC ETF Issuers Begin Refiling
PLUS: The first half of 2023 has so far been very promising for crypto majors.
Credit Suisse and Swiss Football Association To Release Women's Football NFT Collection
All of the proceeds from the collection, featuring portraits of the Swiss Women’s National Team, will be donated to support women’s football in Switzerland.
Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'
The founders of the hedge fund that filed for bankruptcy last year have started an exchange for creditor claims, which is seeing $50 million in trading volume, said Davies.
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
The refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn't specify the name of the underlying market in so-called surveillance-sharing agreements.
How Central Bankers Are Reshaping the Definition of Money
Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control, says Noelle…
Bored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low
The floor price of the Yuga Labs NFT collection fell to 27.4 ETH, or about $53,000 on Sunday evening before rebounding slightly.
Coinbase, Microstrategy Shares Rally After Cboe Refiles Bitcoin ETF Applications
Shares in Coinbase, chosen as the market for the surveillance-sharing agreements in ETF applications, rose above $80 at around 11:30 ET on Monday.
Belarus Looks to Ban Peer-to-Peer Crypto Transactions to Reduce Fraud
The east European country is working on legislation to make it harder for fraudsters to get their hands on the proceeds of crime.
A New Blockchain for Generative AI?
Web3 architectures aren’t built for AI, but they could be, says Jesus Rodriguez, CEO of IntoTheBlock. And there are risks if we don’t build.
Bitcoin Unlikely to Be Destabilized by Real Yields, Crypto Observers Say
The rise in real yields is more of a headache to blue chip stocks than to markets like technology or crypto and will not disrupt the medium-term growth story, one observer said.
Crypto ATM Operator Bitcoin Depot Debuts on Nasdaq Following SPAC Merger
The company plans to look for acquisition opportunities in the "highly fragmented" market, CEO Brandon Mintz said.
First Mover Americas: Traders Place Big Bets on Ether for Second Half of 2023
The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Hong Kong Sets Up Task Force for Web3 Development
Hong Kong wants to be a Web3 hub, Financial Secretary Paul Chan said.
Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein
The lack of a spot ETF leads to the growth of over-the-counter products like the Grayscale Bitcoin Trust, which are more expensive, illiquid and inefficient, the report said.
Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year.
AzukiDAO Votes on 'Reclaim' of 20K Ether After Botched Elementals NFT Mint
“We have only been given a similar profile picture to that of the original Azuki holders,” the DAO proposal reads.
Bitcoin Cash Futures Traders Lose Most in 2 Years as Prices Spike to $320
South Korean trading volumes for the bitcoin offshoot token boomed last week, spurring a price spike last week.
South Korea Passes Crypto Bill for User Protection
The bill marks the country's first step towards a digital asset legal framework.
First Mover Asia: Bitcoin Maintains $30K as Prospective Issuers Refile ETF Applications
PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss.
Poly Network Attacker Issues 'Worthless' Billions in SHIB, BNB, BUSD in Latest Crypto Hack
An estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security precautions.
Azuki Is Rebuilding After Its Elementals Mint Mishap
Azuki’s latest expansion of its NFT ecosystem missed the mark, while Candy Digital and Palm NFT are merging together to create a superpowered NFT production studio. Also, Warner Music Group and Polygon are launching a blockchain music accelerator…
Court Orders Kraken to Turn Over History Transaction and Account Information to IRS
A federal court ordered crypto exchange Kraken to turn over account and transaction information to the IRS, which said it needed that information to see if any of the exchange's users had underreported their taxes.