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Coinbase Upgraded to Neutral as Goldman Sachs Ends Bearish Stance

[Mar 8, 2024 7:10 AM] The bank lifted its rating on the stock after bitcoin hit record highs and the crypto exchange’s trading volume reached levels not seen since 2021.

Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors

[Mar 8, 2024 7:02 AM] The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen.

PEPE Leads Meme Coin Rally as Ether Nears $4K

[Mar 8, 2024 6:02 AM] Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains.

Stablecoin Project Ethena Labs Bags $4M for USDe Treasury

[Mar 8, 2024 5:43 AM] The stablecoin earns yield by shorting ether futures and capturing funding rates - which have surged in the past two weeks.

Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan

[Mar 8, 2024 4:58 AM] The bitcoin spot ETF market could grow to around $62 billion in the next two to three years, the report said.

Optimism Sells $89M OP Tokens in Private Transaction

[Mar 8, 2024 2:53 AM] The tokens have been sold to an undisclosed buyer and will be vested for two years.

Return of Animal Spirits? Bitcoin Traders Lock $20M in the $200K Call Option

[Mar 8, 2024 2:02 AM] Bitcoin traders are having a relook at the $200,000 call option after a gap of nearly three years.

U.S. Will Appeal Do Kwon's Extradition to South Korea: Report

[Mar 8, 2024 12:43 AM] The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.

Mogo Takes a Further Leap Into BTC, Eyes Long-Term Gains With $5M Bitcoin Reserve Investment

[Mar 7, 2024 2:00 PM] In a statement released on March 7, the Canadian fintech entity Mogo disclosed its strategy to diversify its portfolio by investing in bitcoin and bitcoin exchange-traded funds (ETFs), earmarking an initial outlay of as much as $5 million. Canadian…

CoinDesk Brings Consensus to Hong Kong

[Mar 7, 2024 1:00 PM] The announcement comes as Hong Kong works to brand itself as Asia's digital assets trading hub.

High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea

[Mar 7, 2024 12:30 PM] In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his…

Ether Could Run to $10,000 or Higher This Year on Numerous Catalysts: Bitwise

[Mar 7, 2024 12:12 PM] Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming.

Arthur Hayes-backed Bitcoin Ordinals Trading App Raises $3 Million

[Mar 7, 2024 12:09 PM] Pioneering bitcoin wallet company Oyl has secured a $3 million pre-seed investment from a variety of investors, including UTXO Management and Domo, the creator of the BRC-20 token standard.The investment marks a noteworthy shift in cryptocurrency…

Bitcoin Ordinals Wallet Oyl Raises $3M With Arthur Hayes, BRC-20 Creator Domo Among Investors

[Mar 7, 2024 12:00 PM] Multiple Ethereum NFT funds were also among the backers, marking their first investment in a Bitcoin-focused company.

U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans

[Mar 7, 2024 11:10 AM] Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data.

Solana DeFi Protocol Kamino Sets KMNO Token Airdrop for April

[Mar 7, 2024 9:09 AM] Kamino is the latest Solana-based DeFi protocol to airdrop a token.

Do Kwon to Be Extradited to South Korea After March 23, Lawyer Says

[Mar 7, 2024 8:52 AM] Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.

Fireblocks Prepares for Bull Market by Adding New Executive After New CFO Hire

[Mar 7, 2024 8:06 AM] Chief marketing officer Michal Ferguson joins from cybersecurity platform Snyk, following the appointment of new CFO Michael Levine, and chief customer officer Madan Gadde.

First Mover Americas: AI Tokens Reclaim the Spotlight

[Mar 7, 2024 7:33 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for March 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption

[Mar 7, 2024 7:19 AM] Adoption of the central bank digital currency pales in comparison to the use of cash in the country.

Crypto Wallet SafePal Ventures Into Banking With New USDC Visa Card

[Mar 7, 2024 6:39 AM] Users can create individually owned and compliant bank accounts and use USDC stablecoins as the default deposit currency.

Crypto AI Tokens in Focus as DOGE, SHIB Rally Starts to Ease

[Mar 7, 2024 6:28 AM] Data from CoinGecko shows the AI token category was up 25% on average in the past 24 hours, compared to bitcoin’s 0.3% increase.

Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report

[Mar 7, 2024 6:17 AM] Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.

Pantera Looks to Purchase Discounted Solana Tokens With New Fund: Bloomberg

[Mar 7, 2024 6:03 AM] Prices of Solana’s SOL are up nearly 600% over the past year, CoinGecko data shows.

Hong Kong’s Central Bank Announces New Wholesale CBDC Project to Support Tokenization Market

[Mar 7, 2024 5:27 AM] Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said.

Ethereum’s Dencun Upgrade Could Mean Near-Zero Fees for Layer-2 Blockchains: Fidelity Digital Assets

[Mar 7, 2024 5:08 AM] The upgrade is the first step toward enabling the network’s rollup-centric roadmap, the report said.

Figment, Apex to List Ether and Solana Staking ETPs on SIX Swiss Exchange

[Mar 7, 2024 4:26 AM] Interest in ETH and SOL has increased substantially over the past few months and the ETPs will contribute to greater access to staking rewards for a wide audience, Figment said.

Bitcoin Trade That Gave Bankman-Fried His Millions Returns in South Korea

[Mar 7, 2024 1:18 AM] Local market observers pointed out that the so-called “Kimchi premium” crossed a two-year high mark on Thursday.

Cryptography Firm Zama Raises $73M for 'Fully Homomorphic Encryption' Apps

[Mar 6, 2024 11:01 PM] The funding found was led by Multicoin Capital and Protocol Labs and included participation from Solana co-founder Anatoly Yakovenko and Ethereum and Polkadot co-founder Gavin Wood. The 'FHE' technology allows for processing of encrypted data…

The March Revival — Unprecedented Movement of Early Bitcoin Hoards Move for the First Time in Years

[Mar 6, 2024 7:30 PM] As bitcoin’s value teeters on the brink of setting new price records, a significant batch of vintage bitcoins dating back from 2010 to 2017 has been transferred for the first time since their initial creation. Present data reveals that in…