Coinbase to Stop Issuing New Loans Via Coinbase Borrow
May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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First Mover Asia: Bitcoin Recovers From Fed Dip
PLUS: The Madlads hype appears to be over, although it hasn't dragged down the price of Solana. Cryptos return to positive territory.
U.S. SEC Changes Its Mind on Officially Labeling Digital Assets
The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal definition of “digital asset” from its latest hedge fund rule.
FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case
Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.
Bitcoin Rises as Latest Teetering U.S. Bank Sends Traders to Crypto Haven
The California-based regional lender is weighing strategic options, according to Bloomberg.
Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters.
DeFi Protocol Curve Finance Deploys Native Stablecoin on Ethereum Mainnet
The deployment marks a major milestone for the public release of Curve’s highly anticipated native stablecoin.
Bitcoin Falls Slightly After Fed Rate Hike
BTC was down about 1% after the U.S. central bank boosted the Federal Funds rate by 25 basis points. Fed Chair Jerome Powell noted that the central bank had omitted language signaling rate hikes at upcoming meetings.
RFK Jr. Raises Crypto Taxes, Regulation as Issues in Opening Days of 2024 Presidential Race
Robert F. Kennedy Jr., the latest presidential candidate from one of the most famous U.S. political families, is introducing a number of crypto issues in his newly announced campaign to challenge Joe Biden.
Coinbase Losses Expected to Narrow; Analysts Seek Details About International Exchange
Traders of U.S.-based crypto exchange Coinbase (COIN) will likely get some relief when the company reports first quarter earnings for 2023 on Thursday.
Aragon Bans at Least 6 DAO Members During Treasury Discussion, Alleging ‘Coordinated’ Assault
Their banishment from Aragon’s Discord for asking “probing questions” and using “inappropriate language” highlights the disconnect between the censorship-resistant ideals of crypto governance and the reality that insiders hold considerable…
Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause
This latest move by the U.S. central bank brings the targeted range for its benchmark fed funds rate to 5%-5.25%.
I Owe Brian Armstrong an Apology
With Coinbase under pressure from the SEC's scattershot enforcement, it's time to reassess the most boring cryptocurrency exchange on the planet.
Blockchain Association Leaves New York as Federal Regulatory Fight Looms
The advocacy group will refocus its efforts on petitioning regulators and officials in Washington.
Crypto Innovation and Regulation Should Be Partners, Not Adversaries
Developers are flourishing elsewhere amid strident relationships with U.S. regulators.
A Closer Look at Market Cap-Weighted Crypto Portfolios
Crypto investment products are commonly weighted by market cap. We examine how a small adjustment to market-cap weighting methodologies may better align digital asset portfolios with their intended objectives.
PEPE Meme Coin Liquidity Pool Becomes Most Active on Uniswap
The new token based on “pepe the frog” meme remains one of the most researched tokens for users of blockchain analytics firm Nansen and price tracker CoinGecko.
Registered UK Crypto Firms Can Approve Their Own Ads, Lawmakers Decide
The law on promotions is set to come into effect around four months from now, the finance ministry has said.
CoinDesk Validator ‘Zelda’ Successfully Exits Ethereum as Withdrawal Queue Shrinks to 9 Days
It took about 12 days for Zelda to fully exit the Ethereum blockchain. For any new staking withdrawal requests, the wait to get out has shrunk to nine days from 17 days.
Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist?
Modern payments tools may eventually compete with banks. But is there a place for tokenized bank deposits and central bank digital currencies in DeFi?
Sui Mainnet Goes Live as Crypto Project Takes on Aptos and DeFi Giants
The much-awaited Aptos rival put its hundreds of million of VC funding to the test during its mainnet launch, and struggled with speed and decentralization.
Sui Token Surges as Trading Begins, Giving the Network a Fully Diluted Value of $13B
SUI tokens were offered to users of multiple crypto exchanges in a presale last week.
New Crypto VC Firm Credibly Neutral Raises $5.5M
The developer-led firm received funds from the founders of the Polygon and Solana blockchains, among others.
First Mover Americas: Bitcoin Layer 2 Stacks Begins May on Top
The latest price moves in bitcoin (BTC) and crypto markets in context for May 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
TrueUSD's Borrowing Rates Jumped to 100% as TUSD Soared to $1.20: Kaiko
Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg.
Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State
Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender.
Crypto Trading Platform Enclave Starts Fully Encrypted Spot Exchange
Enclave Spot is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave..
Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says
The U.S. dollar has been heavily shorted since early October in hopes for a so-called dovish Fed pivot and looks ripe for a short squeeze, a move higher driven by unwinding of bearish positions. Bitcoin tends to move in the opposite direction of…