In Lejilex vs. SEC, Crypto Goes on Offense in the Courts
The Texas-based crypto firm's new suit shows how the industry can use “impact litigation” to get regulatory clarity, lawyers Jake Chervinsky and Amanda Tuminelli write.
Posts published on February 23, 2024 go to media archive 2/2
Riot and Texas Blockchain Council Challenge US Government’s Bitcoin Mining Data Request in Court
The publicly listed mining firm Riot Platforms and the Texas Blockchain Council have initiated legal proceedings against the U.S. Department of Energy (DOE) and other federal entities, aiming to obstruct what they deem an unauthorized data…
Chainlink Open Interest Sitting At Record Levels, What This Means For Price
Chainlink has seen its open interest spike significantly in the month of February, so much so that it has reached new all-time highs. This trend has not waned despite the decline in the price of the cryptocurrency, which could paint a rather…
Layer-1 Network Flare Raises $35M From Kenetic, Aves Lair
Flare blockchain has raised $35 million in a private round that included investment from Kinetic, Aves Lair and others, according to a press release.
Uniswap's UNI Jumps 60% on Proposal to Reward Token Holders in Major Governance Overhaul
The upgrade would reward UNI token holders who staked and delegated their tokens, according to the proposal.
Avalanche C-Chain Experiences Block Production Halt, AVAX Price Responds
In a recent development, the Avalanche (AVAX) C-Chain encountered a significant disruption in block production, leading to a halt for over one hour. The interruption, which affected the primary network, was observed through the Avascan browser…
Siacoin Balloons To 65% in Value On Network Upgrades – Details
Siacoin (SC), the native token of the decentralized cloud storage platform Sia, has been on a tear in recent months, defying expectations and leaving investors wondering if the rocket ride can continue. After reaching a low of $0.0025 in…
Avalanche Is Back Up After Failing to Produce Block for Four Hours
Layer-1 network Avalanche has failed to produce a block for more than an hour, Ava Labs co-founder Kevin Sekniqi said the issue "seems to be related to a new inscription wave."
First Mover Americas: Worldcoin, The Graph and Filecoin Finish the Week on Top
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Technical Analysis: BTC Price Oscillation Reflects Crossroads and Market Indecision
Bitcoin Bullish Outlook: Analyst Predicts Near-Term Surge To $61,000
The price of Bitcoin (BTC) seems to be losing momentum after its bullish breakout to the $52,000 price mark, but some patterns indicate further optimistic activity may be ahead. Bitcoin Price To Reach $61,000 On Thursday, Titan of Crypto, a…
FATF Grey Listing Concern Prompts Kenya to Establish a Crypto Working Group
The fears that Kenya’s lack of a regulatory framework for overseeing the crypto industry has prompted the government to establish a working group tasked with drafting crypto regulations. Authorities in the East African nation are confident…
Ebay’s Web3 Division Reportedly Lays off 30% of Its Employees
Recently, Ebay, the e-commerce behemoth, implemented significant changes within its Web3 division. These changes resulted in a 30% reduction in the division’s workforce and the departure of a pivotal employee. Among those affected by this…
Arbitrum In Freefall, Dips Below $2 As Experts Analyze Recovery Timelines
Arbitrum (ARB), the Ethereum Layer 2 scaling solution, has experienced a recent price drop, falling below the $2 mark after a brief attempt to establish a new price floor. This decline, attributed to several factors including increased selling…
Trump: Bitcoin Has Taken on 'a Life of its Own,' Will Probably Need Some Regulation
Former president and Republican front-runner Donald Trump has said Bitcoin has taken a life on its own and will probably need some regulation.
Crypto CEO Drops Bombshell Discovery Why Bitcoin Price Is Muted Post-ETFs
Despite the landmark launch of spot Bitcoin Exchange-Traded Funds (ETFs) spearheaded by industry behemoths BlackRock and Fidelity—ranking among the top five ETF launches in their initial month of all time—BTC’s price response has been notably…
Texas Blockchain Council, Riot Platforms Sue Dept. of Energy, OMB Over 'Emergency' Survey
The Texas Blockchain Council (TBC) and Riot Platforms, one of the largest crypto miners in the state, sued the U.S. Department of Energy for trying to collect information from many of its members, including Riot.
Gauntlet Withdraws From Aave Partnership, Citing Governance Challenges
Gauntlet has decided to withdraw from its role as Risk Steward for Aave, pointing to governance and operational challenges as the main reasons. This announcement marks the end of a four-year collaboration that has helped in growing Aave. Gauntlet…
FIL, GRT Rally Boosts CoinDesk Computing Index as Bitcoin Struggles
FIL's market-beating surge to a 12-month high of $8.5 comes on the heels of Filecoin's Feb. 16 announcement that it would host programmable blockchain Solana's block history.
PancakeSwap Plans ‘Affiliates’ for Expansion; Cake Holders to Benefit
CAKE token holders will benefit from the success of affiliate forks as they will receive native DEX tokens from affiliates, if things go as planned.
Digital Yuan Now Used to Complete Car Prepurchase Payments
The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with…
Ether ETFs Unlikely to Cause a 'Bubble,' Traders Say
Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders.
Injective Introduces 'ERC-404' Port to Capitalize on the Hype Around the Experimental Token Standard
Injective has partenred with DEX DojoSwap to introduce the CW-404 standard.
Bitcoin Wallets Bleed: 730K Investors Exit Despite Record $7 Billion ETF Inflows
The long-awaited arrival of spot Bitcoin ETFs has ignited a gold rush in the crypto world, attracting both newcomers and seasoned investors. While these new investment vehicles offer a convenient and accessible way to gain exposure to Bitcoin…
Stellar Debuts Smart Contracts With Protocol 20 Update
Stellar has announced the introduction of smart contracts as part of its Protocol 20 update, passed by a validator vote on Feb. 20. The upgrade introduces Soroban, the new smart contracts system, to mainnet, and initiates a phased rollout for…
FTX Estate Can Sell Near 8% Stake in AI StartUp Anthropic, Court Rules
The FTX bankruptcy estate has been granted approval to sell its stake in artificial intelligence (AI) startup Anthropic, court filings from Thursday show.