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Crypto’s Role in Terrorism Financing Overestimated, Chainalysis Shows

[Oct 20, 2023 4:00 AM] Inaccurate methodologies have resulted in overstated metrics about the use of cryptocurrency by terror groups fighting Israel, according to Chainalysis. The analytics company has tried to “correct the record” on crypto’s role in terrorism financing�

SEC Likely to Approve Spot Bitcoin ETF in Next Few Months: JPMorgan

[Oct 20, 2023 3:59 AM] Approval is likely before Jan. 10, which is the final deadline for the Ark 21Shares applications, the report said.

Spot Bitcoin ETF Excitement Hits Main Street, Google Search Indicates

[Oct 20, 2023 2:21 AM] Many market participants expect the SEC to greenlight the first U.S.-based spot bitcoin exchange-traded fund early next year.

SEC Scores Default Win Against Thor Token Company and Founder David Chin

[Oct 20, 2023 2:01 AM] The U.S. Securities and Exchange Commission (SEC) has been awarded a default judgement against Thor Technologies and its founder David Chin.

Peter Schiff: ‘No One Needs Bitcoin’

[Oct 20, 2023 2:00 AM] Peter Schiff, a renowned economist and gold bug, has criticized Bitcoin’s role and utility in today’s economy. According to Schiff’s remarks, Bitcoin is useless, and its advocates are like a cult, trying to convince people to buy…

Bitcoin Jumps Over $30K as ETF Hope Drives Bulls

[Oct 20, 2023 12:25 AM] Bitcoin forks led gains in the past 24 hours, outpacing major tokens.

A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets

[Oct 20, 2023 12:00 AM] The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still…

XRP Registers Biggest Single-Day Gain in 3 Months After SEC Drops Charges Against Ripple's Leaders

[Oct 19, 2023 11:40 PM] XRP gained 6.5%, the biggest single-day percentage rise since July 13.

Great Awakenings — Dormant 2012 Bitcoin Wallet’s $5.7M Spend Linked to October’s Initial 2012 Transfer

[Oct 19, 2023 5:30 PM] On October 19, 2023, a dormant bitcoin address from 2012 sprang to life at block height 812,946, moving 200 BTC worth $5.74 million for the first time in nearly 11 years. This activity coincides with a recent surge of transfers from 2012 addresses…

Sam Bankman-Fried's Lawyers, DOJ Propose Final Sets of Jury Instructions

[Oct 19, 2023 4:38 PM] The U.S. Department of Justice and Sam Bankman-Fried's defense team filed their proposed jury instructions after the witness testimony wraps up in the coming weeks.

SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen

[Oct 19, 2023 3:08 PM] The regulator had included them as defendants in securities violation case, and the agency now says it's just pursuing Ripple for damages.

Hamas Crypto Funding Likely ‘Overstated’ – Chainalysis

[Oct 19, 2023 3:01 PM] Reports of many millions going to Hamas and other groups are based on faulty analysis, the forensics firm said.

Matrixport Predicts Bitcoin Surge to $56,000 if SEC Greenlights Blackrock’s Bitcoin ETF

[Oct 19, 2023 2:30 PM] The cryptocurrency financial services platform Matrixport predicts that bitcoin prices could surge to between $42,000 and $56,000 per unit if the U.S. Securities and Exchange Commission (SEC) approves Blackrock’s spot bitcoin exchange-traded…

Binance Says It Has Onboarded New Euro Fiat Partners for Deposits, Withdrawals

[Oct 19, 2023 2:17 PM] Paysafe, the crypto exchange's former service provider for euro transfers ended support last month.

Grayscale ETF Case's Final Word Coming in Federal Court as SEC Loss Formalized

[Oct 19, 2023 1:55 PM] Grayscale Investments is waiting for a federal court tomorrow or soon after to formalize the defeat it handed the U.S. Securities and Exchange Commission (SEC) two months ago in the parties’ dispute over a spot bitcoin exchange traded fund (ETF)…

Largest Clearing House in the US Acquires Digital Asset Firm Securrency

[Oct 19, 2023 1:15 PM] The Depository Trust & Clearing Corp., known as DTCC, has acquired digital asset infrastructure company Securrency, according to a Thursday announcement. Securrency will soon rebrand as “DTCC Digital Assets.” Looking ahead, DTCC said it plans…

Bitcoin Eyes $29K, Defying Fresh Crypto Lawsuit, Rate Fears; XRP Jumps 6% as SEC Drops Charges

[Oct 19, 2023 12:21 PM] The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion.

U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'

[Oct 19, 2023 12:17 PM] The U.S. Department of the Treasury's financial crimes arm is proposing to label crypto mixers as a "primary money laundering concern" in its effort to combat illicit crypto finance, highlighting the terrorist groups that have benefited from…

Stablecoins Built on Bitcoin — Lightning Labs Launches Taproot Assets Mainnet Alpha

[Oct 19, 2023 12:00 PM] Lightning Labs has released the mainnet alpha of its Taproot Assets daemon, advancing the project that seeks to enable stablecoins and other token assets on the Bitcoin blockchain. The software provides developers with tools to begin issuing and…

Will Lawsuit Against DCG Impact GBTC’s Chances of an ETF Conversion?

[Oct 19, 2023 11:27 AM] Analysts are speculating over whether the lawsuit might have any implications for its GBTC conversion chances.

'Absolutely Not': FTX's Former General Counsel Says He Never Approved Loans of Customer Funds

[Oct 19, 2023 10:13 AM] Can Sun testified on day 12 of the Sam Bankman-Fried trial.

Global Bitcoin ATM Numbers Sink to Lowest Level Since 2021

[Oct 19, 2023 9:15 AM] Since the end of last year, the number installed has dropped 7,000, or 17%.

Grayscale Files New S-3 With SEC, Pushing to Convert Bitcoin Trust Into NYSE Spot ETF After Court Win 

[Oct 19, 2023 9:00 AM] Grayscale Investments, the leading digital asset manager by assets under management (AUM), unveiled on Thursday its latest submission to the U.S. Securities and Exchange Commission (SEC). This move seeks to list the Grayscale Bitcoin Trust (GBTC)…

Bitcoin Could Rise to Between $42K and $56K if BlackRock ETF Is Approved: Matrixport

[Oct 19, 2023 8:17 AM] Bitcoin will rise to between $42,000 and $56,000 if a BlackRock spot bitcoin (BTC) ETF is approved, crypto services provider Matrixport said in a report Thursday.

Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemini Says It’s the ‘Victim’ in Scandal

[Oct 19, 2023 7:56 AM] New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1…

Bitcoin Asset Manager Onramp Unveils Multisig Platform, Adds BitGo to Custodians

[Oct 19, 2023 7:30 AM] Onramp is harnessing multisig security, in which multiple custodians control the private keys to the bitcoin being held, tapping BitGo to perform this role alongside Coincover and Kingdom Trust.

Pantera, Susquehanna and HashKey Back DEX SynFutures With $22M Funding

[Oct 19, 2023 7:00 AM] The funding round was led by Pantera Capital, and included participations from Susquehanna International Group and HashKey Capital.

Circle to Let Merchants Pay for Customers' Gas Fees With Web3 Wallet Upgrade

[Oct 19, 2023 7:00 AM] Southeast Asian super app Grab is currently piloting the "Gas Station" to cover gas fees for its Singaporean users if they use NFT vouchers.

First Mover Americas: New York AG Sues Gemini, DCG, Genesis

[Oct 19, 2023 6:02 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Polygon Proposes Council for ‘Decentralized Governance,’ Names 13 Members

[Oct 19, 2023 6:00 AM] The project named 13 "inaugural members" to the council, including officials from Coinbase and the Ethereum Foundation.