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Posts published on June 26, 2023 go to media archive 2/4
FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations
Tracing funds is highly challenging, according to the FTX Debtors’ second interim report, and there is no doubt that that was by design.
AAVE Up By 28% In 7 Days As DeFi Tokens Make A Comeback
AAVE, one of the most prominent DeFi tokens, is currently experiencing a market pump, gaining 28.33% in the last 7 days, according to CoinMarketCap data. Over the past week, most of the crypto market has seen a boost in prices following the…
Leading House Democrat Solicits Feedback From Gensler and Yellen on Crypto Bill
The bill would provide guidelines for U.S.-based crypto exchanges to register with regulators.
Report: Cuban Peso Parallel Market Rate Plunges to Low Last Seen in Oct. 2022
The parallel market exchange rate of the Cuban peso versus the greenback recently dropped to CUP200 per dollar, a level last seen in Oct. 2022, a report has said. Pavel Vidal, a former economist at the Cuban central bank, said the peso’s…
U.S. Judge Rejects Binance.US Complaint Over SEC Press Release
A federal judge has rebuffed Binance’s request to curtail the U.S. Securities and Exchange Commission's (SEC) use of language pertaining to Binance.US’ management of customer funds in press releases, arguing the statements could hurt the company at…
Uniswap's Hayden Adams: Q&A on Weathering the Regulatory Storm, What’s Next for DeFi
After the recent release of a proposal for a new "v4" version of the decentralized exchange Uniswap, CoinDesk's Sam Kessler chats with Uniswap Labs CEO Hayden Adams about the case that DeFi is “here to stay” and his position that the U.S. “lags…
US lawmaker calls for info from Treasury and SEC on crypto market structure bill
Rep. Maxine Waters gave Janet Yellen and Gary Gensler a deadline of June 30 to respond to her requests on the “Digital Asset Market Structure” bill proposed by Republican lawmakers.
Kaspa (KAS) Takes Altcoin Market By Storm With 60% Growth
Kaspa (KAS) has been making waves in the altcoin market lately, with its impressive surge of over 60% in the past 14 days, according to CoinGecko data. The cryptocurrency is based on the GHOSTDAG protocol, which is a generalization of the Bitcoin…
Singapore central bank reports on tokenized asset network models after trials
Three trial use cases have been completed as part of the project, and the report uses them as a “framework for consideration” of financial market infrastructure.
Cardano (ADA) Soars 10% In The Last Week, More Rallies Ahead?
Cardano’s (ADA) price has scored over 10% on the weekly chart as the broader market sees a correction. Most coins registered unexpected price surges amid the resurgent crypto market last week. However, ADA, the native token of the Cardano…
FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B
Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III.
Ripple Emails Reveal: XRP Buybacks Were On The Table To Prop Up Price
The recently published Hinman documents in the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) have caused quite a stir and strengthened the XRP army’s belief that the fintech will prevail against the…
Indonesia Labels 501 Cryptocurrencies as Commodities, Paving the Way for Regional Adoption
In contrast to the regulatory stance taken by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Supervisory Agency (CFTSA) of the Republic of Indonesia has officially labeled 501 cryptocurrencies as commodities. The…
Optimism network transactions surged 67% following Bedrock upgrade — Nansen
The Optimism layer-2 network saw less than 300,000 transactions per day around the time of the upgrade, but this number increased to over 500,000 afterward.
Hong Kong’s HSBC Allows Customers To Trade Bitcoin ETFs, Signaling A Shift In Traditional Banks' Stance
Hong Kong's leading financial institution, HSBC, has made a significant move by allowing its customers to trade Bitcoin exchange-traded funds (ETFs). This development marks a notable shift in the stance of traditional banks towards bitcoin, as HSBC…
Bitcoin Investment Sentiment Turned Bullish After Largest Weekly Fund Inflow in a Year
The inflows totalled $199 million, reversing nearly half of the previous nine consecutive weeks of outflows.
Azuki Unveils New ‘Elementals’ Collection, Expanding Its NFT Ecosystem
A portion of the yet-to-be-revealed, 20,000-edition NFT collection was airdropped to holders on Friday.
Bitcoin Cash Price Jumps to One-Year High Fueled by Spiking Social Interest, Exchange Support
With today’s 17% gain, the BCH has now more than doubled in the week since it was listed on EDX Markets, a new crypto exchange backed by financial heavyweights.
Crypto investment products see largest weekly inflow since July 2022
CoinShares’ latest weekly inflow report shows a substantial increase in investor appetite for digital asset investment products with Bitcoin leading the rally.
How to use DeFi the right way — This latest guide can help
This latest report is a guide to help the next generation of cryptocurrency users and veterans alike in the ways of decentralized finance.
Hong Kong's HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That's Not Really News
HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since they were listed on the Hong Kong Stock Exchange in December.
Biggest Movers: DOGE, SHIB Slip on Monday, as Traders Capture Recent Gains
Dogecoin dropped by nearly 3% on Monday, as traders began to take profits following last week’s gains. Cryptocurrency largely consolidated to start the week, with the global market cap down 0.64% as of writing. Shiba inu was another coin to move…
Bybit Expands Global Presence With Cyprus Crypto License
Bybit, the third biggest crypto exchange in the world, is expanding its global presence. Today, the exchange announced that it has been granted a license to operate a cryptocurrency exchange in Cyprus and provide custody services for digital…
Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase
The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC.
Bitcoin surfs $30K as traders hope US trading will boost BTC price
BTC price performance goes sideways but Bitcoin bulls retain $30,000 as support after the weekly close.
Dormant Bitcoin Wallets From 2010 Resurface: 100 Bitcoins Transferred After More Than 12 Years
Following the spending of 50 bitcoins from 2010 on June 15, after more than 12 years of dormancy, approximately 11 days later, another group of dormant wallets created in 2010 transferred 100 bitcoins worth just over $3 million for the first time…
Binance Rescinds Decision To Remove Privacy Coins From European Market
Binance has made a decision to reverse its initial plan of delisting certain privacy coins in Europe. This change in course comes after the exchange revised its operations to align with the local regulatory requirements. According to the developers…
BTS: Revisiting the ‘buy $1 worth of Bitcoin’ video 10 years later
Davinci Jeremie believes that while many people missed out on the opportunity to buy Bitcoin 10 years ago, it’s not too late to get into crypto.