Atomic Wallet Hackers Move Stolen Funds via OFAC-Sanctioned Exchange Garantex: Elliptic
The attackers are believed to be the infamous North Korean hacker group Lazarus, as per blockchain security firm Elliptic.
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Shiba Inu Testnet Blockchain 'Puppynet' Crosses 20M Transactions
A large whale added over $10 million worth of SHIB tokens on Tuesday, data shows.
FCA Right to Propose Stop to Marketing Crypto as ‘Inflation Resistant,’ UK Industry Members Say
A long-running industry narrative is that limited-supply cryptocurrencies like bitcoin can hold their value against inflation – similar to gold or bonds.
South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update.
Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says
The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud.
First Mover Asia: Binance's Exchange Flow Flips Positive; Bitcoin Trades Flat
ALSO: The co-founder of crypto security firm De.Fi called the price stabilization of crypto assets that plummeted after SEC lawsuits against Binance and Coinbase "mean regression."
Bitcoin Dithers Below $26K as Investors Eye CPI Data, FOMC Rate Hike Decision
The largest cryptocurrency held its perch where it spent much of the previous three days.
SEC's Temporary Restraining Order Would 'Effectively End' Binance.US Business, Company Claims
A Securities and Exchange Commission (SEC) Monday effort to freeze Binance.US's funds is a "draconian and unduly burdensome" move, the U.S. affiliate of the global crypto exchange argued Monday.
BLUR Underperforms CoinDesk Market Index Ahead of $62M Token Unlock
Huge increase in supply could hurt BLUR’s price. The token has also fallen after SEC labeled other tokens as securities.
Crypto Catalyst Watch: What Might Move Markets This Week
The Federal Reserve’s latest rate hike decision and U.S. inflation data are among key upcoming items.
Polygon Takes Wraps Off Version 2.0
The protocol calls the latest version “the value layer of the Internet.”
Crypto Investment Funds See 8th Consecutive Week of Outflows
Unfavorable monetary and regulatory policy continue to take a toll on the industry.
Hong Kong Lawmaker Invites Coinbase to Apply to Operate in Region Amid U.S. SEC Crackdown
The company is excited to expand globally and wants to build in Abu Dhabi, Canada, Singapore, and get authorized with the U.K. under its upcoming crypto regime Tom Duff-Gordon Vice President of International Policy at Coinbase said.
Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong
It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.
10 Ways Crypto and AI Can Make Each Other Better (or Maybe Worse)
The hype around artificial intelligence is drawing away capital and talent from Web3. But AI and and crypto are overlapping technologies, with potential for each to influence the other, says Jeff Wilser.
BitGo's Suit Against Galaxy Digital Over Canceled $1.2B Purchase Dismissed by Delaware Judge
Crypto custodian BitGo had agreed to a sale to Galaxy Digital in May 2021, but Galaxy pulled out of the deal last August amid the industry’s sustained bear market.
Binance.US Market Depth Declines 76% in June Following SEC Lawsuit
Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit.
21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO
While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.
Robinhood’s May Crypto Trading Volume Falls 68% to $2.1B
The trading platform recently delisted three tokens that were classified as securities in the SEC's lawsuit against Coinbase and Binance.
Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff
The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model.
Canada's Largest University Starts XRP Validator in New Partnership With Ripple
The partnership between University of Toronto and Ripple is part of the latter's University Blockchain Research Initiative (UBRI) in Canada.
Blockchain Staking Provider Chorus One Expands to Peer-to-Peer Network Urbit
Chorus One's bet on Urbit's future growth is described by executives as a natural extension of the company's staking services on blockchains including Ethereum, Solana, Cosmos and Polkadot.
First Mover Americas: VC Giant Andreessen Horowitz Looks to U.K. for Expansion
The latest price moves in bitcoin (BTC) and crypto markets in context for June 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Storage Firm Censo Offers Institutions Mobile Phone-Enabled Self Custody
Censo is the latest in a crop of cheap, open-source options for organizations looking to store digital assets.
Crypto Global Bid and Ask Metric Plunged 20% Over Weekend, Points to Paper Thin Liquidity
Hyblock Capital's global bid and ask indicator plunged 20% during Saturday's altcoin crash, indicating a sharp deterioration in the crypto market liquidity.
SEC Crypto Crackdown Adds Urgency for U.S. Lawmakers to Produce Regulatory Framework This Year: JPMorgan
Without a more solid legal framework, cryptocurrency activity will probably continue moving outside the U.S. and into decentralized entities, the report said.
Curve Finance Founder Deposits $24M CRV into Aave to Safeguard $65M Stablecoin Loan
Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate against liquidation risk on a $65 million stablecoin loan.