DOGE and NEAR Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update
[May 10, 2024 10:32 AM] The Near Protocol's Near token has more than doubled in price in 2024.
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Celo Community Ratifies Plan to Use Optimism's OP Stack for New Layer-2 Chain
[May 10, 2024 10:30 AM] The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure.
Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030
[May 10, 2024 10:26 AM] Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.
U.S. CFTC Proposes Ban on Political Event Contracts
[May 10, 2024 10:11 AM] The U.S. Commodity Futures Trading Commission (CFTC) proposed a formal rejection of event contracts that bet on the outcome of political activity in a vote on Friday, beginning an effort to wall off U.S. customers from platforms that allow the…
Wells Fargo, America's Third Largest Bank, Owns Spot Bitcoin ETFs: SEC Filing
[May 10, 2024 10:05 AM] In a recent filing with the Securities and Exchange Commission (SEC), Wells Fargo, one of the largest banks in the United States, disclosed its exposure to spot Bitcoin Exchange-Traded Funds (ETFs). JUST IN: 
Wells Fargo bank reveals it has spot
Wells Fargo bank reveals it has spot Crypto Custody Tech Firm Fireblocks Unveils New York-Regulated Trust Company
[May 10, 2024 10:00 AM] Fireblocks is also convening a licensed and qualified crypto custodian partner program with a starting line up of custodians from the U.S., the United Arab Emirates, Britain, Singapore, Thailand and Australia.
Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K
[May 10, 2024 9:20 AM] Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
Private Jet Charter Service Candy Jets Now Accepts Bitcoin Payments
[May 10, 2024 8:43 AM] Candy Jets, a premier private jet charter service, has partnered with CoinCorner, a prominent Bitcoin services provider, to accept payments in Bitcoin for their luxury travel services, making them one of the first in the industry to embrace this…
Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts
[May 10, 2024 7:43 AM] The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible…
TON, RNDR Surge More Than 13% as Bitcoin Rebounds to $63K
[May 10, 2024 6:11 AM] RNDR cheers Apple's brief mention of Render-powered 3D design software Octane.
First Mover Americas: Bitcoin Holds Near $63K, Consolidating Week's Recovery
[May 10, 2024 6:04 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Jack Dorsey Predicts Over $1 million Bitcoin Price by 2030
[May 10, 2024 5:05 AM] Block CEO Jack Dorsey recently predicted Bitcoin could reach a price of "at least $1 million" by 2030. Since stepping down from Twitter, now X, Dorsey has become a leading Bitcoin advocate, taking part in various Bitcoin and Nostr-related…
Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves
[May 10, 2024 4:27 AM] KuCoin has paid a fine of $41,000 and Binance's financial penalty is still to be determined after a hearing with India's FIU.
Stand With Crypto Sets Up Election War Chest, Backs Candidates Seeking Open Seats
[May 10, 2024 4:15 AM] The fast-growing organization of cryptocurrency supporters, Stand With Crypto, is getting into campaign financing with the opening of its own political action committee (PAC) that will make direct donations to endorsed congressional candidates…
Dogecoin Appears Headed for a 'Golden Cross'
[May 10, 2024 2:31 AM] A DOGE price pattern that presaged the early 2021 surge looks set to recur.
Kraken Asks Court to Dismiss SEC Claims to Avoid 'Significant Reordering' of U.S. Financial Structure
[May 10, 2024 12:53 AM] Lawyers of crypto exchange Kraken have told a U.S. court that claims by the U.S. Securities and Exchange Commission (SEC) against it should be dismissed to avoid a "significant reordering" of the U.S. financial regulatory structure, according to…
Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win
[May 10, 2024 12:00 AM] Exiled opposition leader Mark Fegyin is leading an effort to give Russians an anonymous, blockchain-powered way to register a "protest vote" against Russia's election results which have handed Vladimir Putin a fifth term as Russian president.
Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction
[May 9, 2024 11:36 PM] A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s…
EigenLayer's EIGEN Airdrop Might Signal Demise of Once-Popular 'Points'
[May 9, 2024 5:12 PM] EIGEN's airdrop comes after a wave of criticism of its distribution plan and points program.
Sexual Misconduct Allegations Lead Founder of Ethereum Layer-2 Chain 'Eclipse' to Step Back
[May 9, 2024 4:10 PM] Neel Somani, founder of Eclipse, which builds a layer-2 blockchain for Ethereum, said sexual misconduct allegations circulating against him on X were "false."
Bitcoin Miner Marathon Digital Misses Q1 Revenue Expectation On Operational Challenges
[May 9, 2024 2:40 PM] TK
Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards
[May 9, 2024 2:17 PM] Ripple and XRPL Labs have become founding members of the Derec Alliance, which aims to create an interoperable recovery standard for digital assets. This initiative is expected to simplify the recovery process and encourage widespread adoption by…
WisdomTree’s Crypto Business Goes Live in New York Against Big Shareholder's Wishes
[May 9, 2024 12:25 PM] WisdomTree’s digital asset app on Thursday became available to customers in New York, even as CEO Jonathan Steinberg is under pressure from shareholders as a result of the investment company's push into decentralized finance.
Swing State Voters Highlight Cryptocurrency as a Key Issue for 2024 Elections, Survey Finds
[May 9, 2024 12:24 PM] A recent survey conducted by The Harris Poll and commissioned by Digital Currency Group (DCG) reveals that cryptocurrency is emerging as a critical issue among voters in key swing states. Over 20% of respondents from states like Michigan, Ohio, and…
Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma
[May 9, 2024 11:00 AM] Hyperbolic, the two-year-old startup focused on decentralized AI computing, said that it is introducing a protocol called “Proof of Sampling (PoSP),” aimed at addressing challenges with trust in decentralized AI networks.
Prometheum's Contentious Answer to Crypto Compliance Is Running Late
[May 9, 2024 10:27 AM] Much of the crypto sector has been apprehensive about the ribbon cutting on Prometheum's custody and trading operations, which the firm said will fully comply with U.S. Securities and Exchange Commission (SEC) demands. The doors have so far stayed…
Protocol Village: Gnosis Inks Strategic Partnership with Zeal, Invests $2M
[May 9, 2024 10:13 AM] The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 9-15.
Binance Fined $4.3M by Canadian Financial Regulator for ‘Administrative Violations’
[May 9, 2024 10:10 AM] Canadian regulators hit Binance with a C$6 million ($4.3 million) fine on Tuesday, alleging the crypto exchange committed two separate “administrative violations” of the country’s financial regulations.
Grayscale Parent Digital Currency Group Reports $229M Revenue for Q1
[May 9, 2024 10:05 AM] Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million.
Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
[May 9, 2024 9:48 AM] The potential legal action against Robin Hood should be viewed as a continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities, the report said.