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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.

Gemini, Genesis, DCG Sued by New York AG for Allegedly Defrauding Investors of $1B

[Oct 19, 2023 5:17 AM] The lawsuit alleges that Gemini knew Genesis’ loans were undersecured and at one point highly concentrated with one entity, Sam Bankman-Fried’s Alameda, but did not reveal this information to investors.

Bitcoin ETF Rumor Had a Silver Lining and It's Apparent in the Crypto Options Market

[Oct 19, 2023 5:11 AM] The bitcoin options market has flipped bullish across different timeframes since Monday's erroneous ETF report.

DAO-Builder SuperDao Shuts Shop, Returns Investor Money

[Oct 19, 2023 3:22 AM] SuperDao, the platform that helps communities build their own decentralized autonomous organization (DAO), has announced that it is shutting down and returning leftover money to investors.

Can You Use Crypto YouTube Channels to Time the Market? Yes, Says Delphi

[Oct 19, 2023 2:54 AM] Tracking changes in the viewership and subscriber base of popular crypto-related YouTube channels can offer insights into retail investor sentiment and impending market trends.

Do Kwon’s SEC Case May Hinge on Role of Jump Trading, Court Documents Show

[Oct 19, 2023 2:53 AM] Kwon has been accused of misleading investors about the terraUSD stablecoin, whose 2022 collapse ricocheted around the crypto world.

Coinbase Picks Ireland for EU Hub With MiCA Law Set to Open European Market

[Oct 19, 2023 2:51 AM] Forthcoming European laws known as MiCA will allow the exchange to serve the entire EU bloc with a single license.

FTX Estate Proposes Recovery Plan With 90% Asset Return Expected 

[Oct 19, 2023 2:30 AM] The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery…

German Regulator Warns Consumers About MEXC's Crypto Custody

[Oct 19, 2023 2:28 AM] The Federal Financial Supervisory Authority warned consumers that the MEXC exchange has been offering financial services without authorisation to do so.

The Crypto Winter May Be Over: Morgan Stanley Wealth Management

[Oct 19, 2023 2:20 AM] Most of bitcoin’s gains come directly after the halving, and the next such event is expected in April 2024, the firm said.

FTX Used Billions in Customer Funds to Buy Back Binance Stake

[Oct 19, 2023 2:06 AM] Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens.

Nomura-Backed Komainu Joins Crypto Custodian Copper’s ClearLoop Network

[Oct 19, 2023 1:00 AM] Komainu clients will be able to benefit from the firm’s on-chain custody while gaining access to off-exchange settlement over ClearLoop.

Fidelity Submits Updated Spot Bitcoin ETF Application

[Oct 19, 2023 12:30 AM] Fidelity has submitted an updated proposal for a spot bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The asset manager joins other applicants in continued efforts to address regulatory concerns that have…

Tesla Keeps Bitcoin Stash Steady in Q3

[Oct 18, 2023 11:28 PM] Tesla did not buy or sell any BTC in the three months to September.

Bitcoin Miner Marathon to Custody Some of Its BTC With Fidelity Digital

[Oct 18, 2023 3:39 PM] The miner is adding Fidelity to diversify its bitcoin (BTC) custody.

Galaxy Digital CEO Mike Novogratz Foresees Spot Bitcoin ETF Approval in 2023

[Oct 18, 2023 2:30 PM] Galaxy Digital CEO Mike Novogratz expects a spot bitcoin exchange-traded fund (ETF) to be approved in 2023. “It’s going to get approved, we think it happens this year,” the American investor said on Wednesday. Billionaire and Crypto Investor Mike…

Elizabeth Warren and 100 Lawmakers Push Biden on Crypto-Terrorism Action, Despite Less Than 1% Illicit Use

[Oct 18, 2023 12:30 PM] Elizabeth Warren, the Democratic senator from Massachusetts, is alarmed by the potential of crypto-fueled terrorism. She has rallied over 100 policymakers and approached the Biden administration, urging the executive branch to tackle this pressing…

Jimmy Zhong Arrest Details Revealed in New Report

[Oct 18, 2023 12:23 PM] Zhong is now serving a one-year sentence related to the theft of bitcoin from the Silk Road marketplace.

Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks

[Oct 18, 2023 12:01 PM] The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January.

Cracks Appear as Ethereum Staking Demand Wanes

[Oct 18, 2023 11:28 AM] Earlier this year, Ethereum staking was popular, particularly with Lido Finance's rise to prominence in the DeFi space, but it is now facing challenges, suspicions, and resentment.