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Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs

[Apr 23, 2024 11:33 PM] Indonesian President Joko Widodo warned the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of crypto and non-fungible tokens (NFTs) for money laundering during a speech last Wednesday at the 22nd Anniversary of the…

Bitcoin, Ether Coil as Crypto Traders in Limbo After Halving

[Apr 23, 2024 10:36 PM] Investors are still gauging macroeconomic factors, one observer said.

Bitcoiners Seek Constitutional Reform to Allow Swiss National Bank to Purchase Bitcoin

[Apr 23, 2024 7:35 PM] Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, is launching a popular initiative to amend the country’s constitution to allow its central bank to purchase and hold bitcoin. The initiative is also supported by…

Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17

[Apr 23, 2024 1:33 PM] Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges.

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

[Apr 23, 2024 1:19 PM] PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started…

Controversy Swirls Around Bitcoin’s BIP-420: Push Behind Opcode ‘Isn’t in Good Faith,’ Says Developer

[Apr 23, 2024 12:34 PM] On Monday evening, Taproot Wizards co-founder Udi Wertheimer unveiled a Bitcoin Improvement Proposal (BIP) that reintroduces the OP_CAT opcode to Bitcoin. This opcode could facilitate more streamlined and efficient decentralized file hosting…

Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court

[Apr 23, 2024 11:48 AM] The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022.

Jack Dorsey And Block Are Developing A Full Bitcoin Mining System

[Apr 23, 2024 11:39 AM] Block, a prominent global technology company focusing on financial services, has unveiled significant advancements in its bitcoin mining project today. The company has successfully completed the development of their three-nanometer (nm) bitcoin…

Mt. Gox's Looming $9B Payout Could Weigh on Bitcoin Prices, K33 Research Warns

[Apr 23, 2024 10:47 AM] The defunct crypto exchange will distribute 142,000 BTC and 143,000 BCH to creditors later this year, 10 years after its implosion due to a hack.

Ether ETFs Are Unlikely to Be Approved in May: Standard Chartered

[Apr 23, 2024 9:32 AM] The bank reiterated its year-end bitcoin and ether targets of $150,000 and $8,000, respectively.

Exclusive ‘Epic Satoshi’ Auction Launches, Bids Already Double to 2 BTC

[Apr 23, 2024 7:57 AM] Coinex has launched the auction for the ‘epic satoshi’ from the fourth halving, originally mined by the mining pool Viabtc. This event, marking Sat # 1,968,750,000,000,000, commenced with a starting bid of 1 bitcoin. Following ten…

Crypto Lobbyists Sue SEC Over 'Dealer' Definition

[Apr 23, 2024 7:28 AM] A U.S. Securities and Exchange Commission rule expanding the definition of a "dealer" to capture digital assets activity went too far, a lawsuit by the Blockchain Association and Crypto Freedom Alliance of Texas alleged.

Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe

[Apr 23, 2024 7:01 AM] The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk.

Galaxy, Lightspeed Faction Lead $15M Raise for Turnkey, Crypto Wallet Startup From Former Coinbase Employees

[Apr 23, 2024 7:00 AM] The company from ex-Coinbase employees aims to help developers build better blockchain wallets.

Patched Cosmos Bug Could've Put $150M At Risk, Says Firm That Reported It

[Apr 23, 2024 7:00 AM] The reentrancy bug was discovered by Asymmetric Research, a core contributor to the Wormhole interoperability protocol.

First Mover Americas: Venezuela Looks to Tether for Oil Sales as Sanctions Return

[Apr 23, 2024 6:07 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for April 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Akash Network’s Token Surges 50% on Upbit Listing

[Apr 23, 2024 6:05 AM] The decentralized cloud computing company also announced its ‘Akash summit’ on Monday, which will take place before Consensus.

Bitcoin's 200-Day Average Is Approaching a Record High; Here's Why It Matters

[Apr 23, 2024 5:09 AM] The 200-day simple moving average is one of the most widely tracked indicators of the long-term trend.

OP, YGG Feeling Sell-Side Pressure as Unlocks Loom

[Apr 23, 2024 4:00 AM] DYDX also has a large unlock scheduled but is not experiencing the same pricing pressure.

Crypto Trader FalconX Unveils Institution-Friendly Custody, Trading and Credit Services

[Apr 23, 2024 2:22 AM] Derivatives exchange Deribit is the first to integrate FalconX’s Prime Connect.

Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment

[Apr 23, 2024 1:32 AM] Ripple Labs filed its opposition on Monday against the U.S. Securities and Exchange Commission's (SEC) proposal to ask a New York judge to impose a nearly $2 billion fine against the company behind the XRP Ledger blockchain.

Bitcoin's Post-Halving Demand to Be 5x Greater Than Supply, Bitfinex Estimates

[Apr 23, 2024 1:22 AM] The new BTC supply added to the market could drop to $30 million per day, according to Bitfinex.

Venezuela Looks to Tether to Bypass Sanctions: Reuters

[Apr 22, 2024 10:54 PM] Venezuela's state-run oil company started experimenting with Tether in 2023.

BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements

[Apr 22, 2024 9:33 PM] Russian Deputy Foreign Minister Sergey Ryabkov revealed that the BRICS bloc has been considering the use of stablecoins for its common rail payment systems. In an interview with TV BRICS, Ryabkov stated that the use of stablecoins and a connection…

Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects

[Apr 22, 2024 4:15 PM] OpenSats, a non-profit organization that supports the development of free and open-source software and projects focusing on Bitcoin, announced today that it has received a $1,000,000 donation from The Reynolds Foundation. OPENSATS RECEIVES…

Bitcoin Eyes $67K After Halving as Altcoins Primed for Short Squeeze, Hedge Fund Says

[Apr 22, 2024 3:17 PM] Crypto-focused stocks also bounced higher, led by bitcoin miners Riot Platforms and Hut 8.

Stacks Begins 2-Step Rollout of Major ‘Nakamoto’ Overhaul

[Apr 22, 2024 2:18 PM] The upgrade seeks to solve congestion issues, and will officially launch in May.

Two SEC Lawyers Resign Following Debt Box Sanctions Fiasco: Bloomberg

[Apr 22, 2024 1:42 PM] Two lawyers for the U.S. Securities and Exchange Commission (SEC) were forced to resign after a federal judge sanctioned the agency last month for committing a “gross abuse of power” while attempting to secure a temporary restraining order against…

Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters

[Apr 22, 2024 10:12 AM] Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange.

NYSE Asks Market Participants About 24/7 Trading for Stocks

[Apr 22, 2024 9:48 AM] The New York Stock Exchange has asked market participants to weigh in on its proposal to operate 24 hours a day, the same schedule that cryptocurrencies operate on, the Financial Times reported.