A New Crypto Scam Shows Perils of Elon Musk's Twitter
[Sep 8, 2023 12:42 PM]
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Grayscale Ethereum Trust Discount Drops to Lowest in a Year Amid Spot Ether ETF Push
[Sep 8, 2023 11:53 AM] The recent optimism around crypto spot exchange-traded funds helped narrow the ETHE discount.
Slice App Now Allows Users to Buy Gaming Gift Cards With Bitcoin Earnings
[Sep 8, 2023 9:00 AM] Today, advertising solution Slice announced a partnership with Bitrefill, a leading platform that sells gift cards for bitcoin and cryptocurrencies, to give new opportunities for users to spend their bitcoin on everything from morning coffee…
Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust
[Sep 8, 2023 9:00 AM] A person with knowledge of the matter said the figure was less than the $250 million price tag for custody firm Metaco, which Ripple acquired in May.
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
[Sep 8, 2023 7:57 AM] The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.
Bitcoin Halving Is Nice, but Kickstarting Bull Run Requires Fiat Money Supply Growth
[Sep 8, 2023 6:43 AM] The magnitude of the expected halving-led uptrend in bitcoin is likely contingent on major central banks boosting their year-on-year M2 money supply growth rates, past data show.
First Mover Americas: Bitcoin Shows Signs of Life
[Sep 8, 2023 6:00 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Taiwan Crypto Watchdog to Issue 10 Guiding Principles for Virtual Assets in September: Report
[Sep 8, 2023 5:32 AM] The East Asian country plans on setting out that crypto businesses should keep customers payments separate from their own tokens and that unregistered overseas firms should not solicit business in the country.
Crypto Firm LBRY to Challenge Ruling It Violated U.S. Securities Law
[Sep 8, 2023 4:14 AM] The blockchain-based file-sharing network had indicated it would be winding down after a New Hampshire court ruled in favor of the SEC last November.
MicroStrategy's Large Bitcoin Impairment Losses Have Given a False Impression: Berenberg
[Sep 8, 2023 3:30 AM] FASB accounting rule changes should help companies that hold digital assets to eliminate the poor optics that have been created by impairment losses, the report said.
Metamask Wallet Users Can Now Cash Out Crypto to Fiat
Coinbase Targets Regulatory Clarity in International Expansion Plan
[Sep 8, 2023 3:07 AM] Coinbase is looking at "markets that are enacting clear rules" for the crypto industry, with the European Union, U.K., Canada, Brazil, Singapore and Australia its near-term priorities.
U.S. Interest Rates High Enough to Tame Inflation, Avoid Recession: Chicago Fed
[Sep 8, 2023 2:34 AM] Federal Reserve Bank of Chicago economists predict low inflation and a resilient economy, a potential goldilocks scenario for risk assets, including cryptocurrencies.
11,196 Years Jail Sentence for Faruk Özer, CEO of Collapsed Turkish Crypto Exchange Thodex
[Sep 8, 2023 12:58 AM] Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer and his brother Güven Özer have been sentenced to 11,196 years, 10 months and 15 days in prison.
Ethereum Foundation Issues 18 Grants for Account Abstraction Initiatives
[Sep 7, 2023 5:30 PM] The Ethereum Foundation has announced the completion of its grants program to finance projects related to implementing ERC-4337, the account abstraction standard. 18 projects were selected to be part of this batch of grants, which feature different…
CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep
[Sep 7, 2023 5:01 PM] The Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) operations – Opyn, Inc., ZeroEx (0x), Inc. and Deridex, Inc. – with offering illegal derivatives trading, according to a Thursday statement from the…
El Salvador Launches Pilot Project to Include Bitcoin Content in School Curriculums
[Sep 7, 2023 4:00 PM] The Ministry of Education in El Salvador partnered with Mi Primer Bitcoin (MPB), a nonprofit educational organization, to make Bitcoin-related content part of the school curriculum in the country. The pilot program will train 150 teachers to impart…
North Korea's 'Lazarus' Hackers Stole $41 Million From Crypto Gambling Site, FBI Says
[Sep 7, 2023 3:33 PM] The Lazarus Group has been targeting crypto companies for years now.
Samara Asset Donates $10,000 To Support Bitcoin Education For Women in Africa
[Sep 7, 2023 2:20 PM] In a commendable move to advance financial literacy and inclusion, Samara Asset Group has donated $10,000 in bitcoin to Bitcoin DADA, per a press release sent to Bitcoin Magazine. This Kenya-based non-profit initiative is steadfastly working…
Ex-FTX Executive Ryan Salame Could Forfeit $1.5B as Part of Guilty Plea
[Sep 7, 2023 1:17 PM] Prosecutors say Sam Bankman-Fried used Salame as a “straw donor” to secretly funnel millions of dollars to Republican political candidates.
Report: Former FTX Co-Chief Ryan Salame Contemplates Guilty Plea
[Sep 7, 2023 1:00 PM] According to insiders who reached out to Bloomberg, there are intriguing developments surrounding Ryan Salame, the former co-chief executive of FTX Digital Markets. The buzz is that he is gearing up to admit guilt in response to criminal charges…
Fraud Lawsuit Against Michael Egorov, the CEO of DeFi Giant Curve, Is Quashed in California
[Sep 7, 2023 12:13 PM] A judge ruled a California courtroom is the wrong venue since Egorov wasn’t living in the state when the alleged misdeeds took place.
CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation
[Sep 7, 2023 11:45 AM] The U.S. watchdog for derivatives markets should create a limited pilot program for regulating cryptocurrencies, said Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC).
Bitcoin Witnesses Second-Highest Daily Ordinal Inscription Count as Inscriptions Near 30 Million
[Sep 7, 2023 11:43 AM] While Bitcoin-based nonfungible token (NFT) sales have declined, and the network has dropped to seventh out of 23 blockchains in sales this past month, Ordinal inscriptions continue unabated. The number of inscriptions linked to the Bitcoin…
Peach Bitcoin Celebrates One-Year Anniversary With Launch of Version 0.3
[Sep 7, 2023 11:18 AM] Peach Bitcoin has officially launched Peach 0.3, while coinciding with the one year anniversary of the company. This new version introduces new features, a comprehensive wallet that seamlessly integrates with the app, enabling users to manage their…
FASB's Crypto Accounting Shakeup Could Lure More Corporate Investment, Michael Saylor and Others Argue
[Sep 7, 2023 10:51 AM] The U.S. accounting standards board yesterday unanimously voted in favor of "fair value" accounting for crypto assets held on corporate balance sheets.
Binance Boosts Bitcoin, Ether Trading in Argentine, Brazilian, South African Currencies With Fee Promotion
[Sep 7, 2023 10:33 AM] The crypto exchange's promotion comes as trading volumes plummet to four-year lows, hurting the revenue streams.
El Salvador Launches Education Program To Teach Bitcoin In Every School
[Sep 7, 2023 10:27 AM] El Salvador, the first nation to officially adopt Bitcoin as legal tender, is once again making headlines in the world of cryptocurrency. With the combined efforts of My First Bitcoin, Bitcoin Beach, and the Ministry of Education, the nation…
SEC’s Gensler Should Be Focus of More Hearings on Treatment of Crypto: U.S. Senator
[Sep 7, 2023 9:41 AM] Sen. Bill Hagerty (R-Tenn.) previewed the lawmaker ire in store for U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler as Congress returns from its summer break, with Hagerty accusing the regulator of stomping on crypto innovation…
U.K. Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules
[Sep 7, 2023 9:18 AM] Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January.