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Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations

[Sep 3, 2024 5:20 PM] The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also…

Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts

[Sep 3, 2024 4:22 PM] Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.

Crypto Tuesday Crumble Sends Bitcoin Below $58K, Ether to 7-Month Low

[Sep 3, 2024 3:18 PM] Flattish markets turned decidedly negative as U.S. stocks posted sharp losses following the three-day weekend.

Matter Labs Restructures to Meet Changing Demands, Lays Off 16% of Team

[Sep 3, 2024 2:23 PM] The company made the move to adapt to "the different type of technology and support" that developers building on ZKsync now require.

Academic Paper Demonstrates Bitcoin Mining’s Potential to Mitigate Methane Emissions

[Sep 3, 2024 1:50 PM] Researchers Murray A. Rudd, Matthew Jones, Daniel Sechrest, Daniel Batten, and Dennis Porter have unveiled a new study showcasing a cutting-edge framework that fuses landfill gas-to-energy (LFGTE) systems with bitcoin mining. This innovative…

CoinDesk 20 Performance Update: DOT and HBAR Outperform as Index Rises 0.9%

[Sep 3, 2024 1:38 PM] Polkadot gained 2.6% while Hedera rose 2.4%, helping push the index higher.

BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns

[Sep 3, 2024 1:01 PM] The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’

First Mover Americas: Bitcoin Gain Checked by Hints of Further BOJ Rate Rises

[Sep 3, 2024 12:05 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Ripple Will Soon Add Ethereum Compatible Smart Contracts to XRP Ledger

[Sep 3, 2024 12:01 PM] The contracts will exist on a sidechain built on XRPL, developers said in a Tuesday post.

SEC Commissioner Mark Uyeda Calls for S-1 Form Tailored for Digital Assets

[Sep 3, 2024 11:54 AM] Uyeda said the U.S. agency can work with crypto firms to figure out how to differentiate S-1 forms for digital assets.

Qatar Brings in Crypto Rules Framework in a Sign of Web 3 Development in the Middle East

[Sep 3, 2024 11:34 AM] The framework includes recognition of smart contracts, licensing for crypto companies, property rights in tokens and custody arrangements among other issues.

Bank of Japan Governor Hints at More Rate Hikes; BTC Drops 0.4%

[Sep 3, 2024 10:28 AM] The divergent monetary policy paths of the BOJ and the Fed mean potential for yen strength and pain for risk assets, including cryptocurrencies.

Bitcoin Hashrate Records New ATH Surpassing 740 EH/s

[Sep 3, 2024 10:13 AM] The Bitcoin network hash rate reached a new all-time high on September 3rd, surpassing 740 exahashes per second (EH/s). This comes even as Bitcoin prices trade below $60,000.JUST IN: #Bitcoin's hash rate hit a new ALL TIME HIGH …

Venezuelan President Nicolas Maduro Proposes Retaking the ‘Crypto Path’

[Sep 3, 2024 3:30 AM] Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated…

‘Why Are You Doing This To Me?’: Detained Binance Exec Begs Prison Guard for Help in New Court Footage

[Sep 3, 2024 2:49 AM] “I’m not okay, this is f*cked up,” Gambaryan said in the video, as he clutched the guard’s wrist for support. When the guard stepped away, leaving Gambaryan with only a single crutch to lean on, Gambaryan turned to a small crowd of onlookers and�

WazirX Hacker Starts to Move Stolen Ether Using Tornado Cash

[Sep 3, 2024 2:32 AM] The Indian crypto exchange was hacked for over $230 million in July, and a restructuring process is underway in Singapore.

Google Trends Data Reveals Cooling Interest in Bitcoin Amid Market Uncertainty 

[Sep 2, 2024 5:40 PM] As bitcoin prices slipped under $60,000 in early September, the once-electric excitement around bitcoin seems to have dimmed, as reflected in Google Trends data. Back on Jan. 1, 2024, the search term “bitcoin” was coasting along with…

Metaplanet Teams Up With SBI VC Trade for Bitcoin Custody

[Sep 2, 2024 2:48 PM] Metaplanet said it was adopting bitcoin as a reserve asset to hedge against the volatility of the yen in May and had accumulated a total of 360 BTC by mid-August.

Bitcoin’s August Slump: Dormant Wallets Stirred, But Vintage BTC Spending Slowed

[Sep 2, 2024 1:40 PM] Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically…

First Mover Americas: Bitcoin Sits Around $58.5K at Start of Historically Bearish September

[Sep 2, 2024 12:25 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 2 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Key Week for Bitcoin and the Dollar Index

[Sep 2, 2024 11:32 AM] This week's slew of U.S. economic data will determine whether the dollar continues to weaken, offering a tailwind to BTC and other risk assets.

Brevan Howard-Backed Tokenization Firm Libre Arrives on NEAR Blockchain

[Sep 2, 2024 11:00 AM] NEAR Protocol’s cross-chain signing feature will allow users on multiple blockchains to transact with Libre’s selection of tokenized credit and hedge funds.

Donald Trumps Harris on Polymarket Once Again

[Sep 2, 2024 8:49 AM] Harris led Trump in early August and betting odds reached 50-50 on the marketplace last month but shifted to Trump’s favor over the weekend.

Extremely Unlikely WazirX Customers Will Be Made Whole in Crypto Terms: Legal Advisers

[Sep 2, 2024 8:47 AM] It is extremely unlikely that WazirX customers will be made whole in crypto terms through the restructuring, legal advisers of the Indian cryptocurrency exchange said.

OKX Receives Major Payment Institution License in Singapore

[Sep 2, 2024 8:40 AM] Singapore has a reputation of being a world-leading crypto hub as it provides clear guidelines on how cryptocurrency firms should operate.

Bitcoin Recovers to $58.3K at Start of Seasonally Bearish September

[Sep 2, 2024 8:21 AM] Memecoin DOGE led losses among major tokens with a 5% slide in the past 24 hours ahead of the Labor Day holiday in the U.S.

OKX Brings Update to Ease Bitcoin Arbitrage

[Sep 2, 2024 8:20 AM] The new offering allows traders of varied experience levels to maximized returns through market-neutral bets.

SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins

[Sep 2, 2024 7:48 AM] The U.S. Securities and Exchange Commission (SEC) may have thrown a spanner in the wheels of the confirmation of the FTX bankruptcy plan, according to a court filing Friday.

Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes

[Sep 2, 2024 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining…

Cardano’s Chang Hard Fork Goes Live, Introducing On-Chain Governance

[Sep 1, 2024 9:45 PM] The highly anticipated upgrade markes the ecosystem's long-planned shift towards decentralized governance.