Crypto Exchange Gemini to Expand Asia-Pacific Operations to Capture 'Next Wave' of Growth
The company plans to expand in Asia-Pacific (APAC), a region it sees as driving the “next wave of growth for crypto.”
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Bitcoin Miner Iris Energy Revives High-Performance Computing Strategy Amid Booming Interest in AI
Miners are increasingly looking to fill data center space with AI and cloud computing.
Cardano's ADA Paints 'Death Cross' Amid Regulatory Uncertainty
Moving average crossovers are lagging Indicators. That said, the latest death cross is consistent with the dour regulatory outlook.
Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move
Payments provider Cuscal, through its partner Zepto, has brought new banking restrictions on cryptocurrency exchanges in Australia.
Startup Arbol Unveils AI and Blockchain-Powered Climate Insurance Platform
The market for climate insurance is estimated to triple in the next decade.
First Mover Americas: Tokenization Might Be a $5T Opportunity: Bernstein
The latest price moves in bitcoin (BTC) and crypto markets in context for June 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS
“This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin.
Atomic Wallet Hackers Use THORChain to Conceal Stolen $35M Funds
Hackers that targeted crypto wallet Atomic Wallet in a $35 million heist earlier this month have used THORChain and Swft bridge to conceal their ill-gotten gain, according to blockchain sleuth MistTrack.
Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation
"The market appears to be in a period of quiet accumulation, which suggests an undercurrent of demand," one analyst said.
Japan’s Crypto Exchanges Push for 10 Times Leverage on Margin Trading: Bloomberg
The push for revised margin trading caps aims to attract diverse traders, including institutional investors, while enhancing market liquidity.
Binance Sets Up Bitcoin Lightning Nodes to Ease Deposits and Withdrawals
A host of crypto exchanges have set up their own Lightning nodes in recent months to offer faster bitcoin transactions to users.
Australian Data Center Startup Arkon Expands to U.S. With $26M in Fresh Funding
CEO Joshua Payne said he expects the acquisition of a data center in Hannibal, Ohio to be "the first of several" over the next year.
Latest Cardano Node Upgrade Goes Live on Mainnet
The upgrade 8.1.1 also contains software patches for minor issues from a previous node version.
Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking
The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.
Tokenization Could Be a $5T Opportunity Led by Stablecoins and CBDCs: Bernstein
About 2% of global money supply, via stablecoins and CBDCs, could be tokenized over the next five years, which is about $3 trillion, the report said.
Alibaba's Crypto Friendly Joseph Tsai Set to Become Chairman
Joe Tsai, one of Alibaba’s founders, has been an active Web3 investor and once tweeted “I like Crypto.”
First Ever Canadian Bitcoin Conference Wraps Up in Toronto
The event attracted over 300 attendees and a diverse array of exhibitors, according to conference organizers, signaling continued interest in the cryptocurrency despite past criticism of Bitcoin by Canada’s Prime Minister and tighter exchange…
First Mover Asia: Bitcoin 'Looks Vulnerable': Analyst
The largest crypto by market value ticked upward to $26.8K as Asia markets opened. ALSO: A Financial Times report Monday raised fresh questions about the appropriateness of crypto exchanges operating market makers.
Blockchain Security Firm CertiK Found an Infinite Loop Bug in Sui Network
The bug was found before Sui mainnet was live and the foundation granted a $500,000 award for the discovery.
Ethereum Scanner Etherscan Adds OpenAI-Based Tool to Analyze Smart Contract Source Code
The tool is meant for informational purposes only, Etherscan said.
UK Crypto, Stablecoin Laws Approved by Parliament's Upper House
The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment.
EU Legislation for Digital Euro Is Put on Hold: Source
A bill covering privacy and distribution of the central bank digital currency, originally scheduled for June 28, will be delayed
Crypto Investment Products Witness 9th Straight Week of Outflows: CoinShares
Altcoins witnessed inflows totalling $2.4 million, according to the report.
Investment Firm Republic Buys Stake in Crypto Broker-Dealer INX at $50M Valuation
Republic will acquire around a 9.5% stake in INX following the initial investment, with a commitment to acquire of 100% of equity at a valuation of $120 million as early as Q3 this year..
Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case
The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and fellow Terra executive Han Chang-Joon.
UK Financial Watchdog Cancels Binance Permissions on Firm's Request
U.K.'s Financial Conduct Authority said Binance's local unit is no longer authorized to provide any regulated services in the country.
BNB Chain Releases Layer 2 Testnet Based on Optimism's OP Stack
Developers expect the opBNB blockchain to reach speeds of 4,000 transactions per second at a targeted cost of 0.005 U.S. cents per transaction.
IMF Official Presents Blueprint for Cross-Border CBDCs
The international organization wants to help cut the cost of cross-border transactions, without abandoning compliance checks or capital controls.
First Mover Americas: Bitcoin Trades Flat, Altcoins Nurse Losses
The latest price moves in bitcoin (BTC) and crypto markets in context for June 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ethereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether
Low validator limits have led to waiting times of over one month, as of Monday.