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Just-Launched Sei Blockchain's New Token Plunges 24% After Airdrop

[Aug 17, 2023 7:27 AM] Complaints flooded X (formerly Twitter) about the scantiness of the new SEI token allocations to early adopters, as many recipients apparently moved to dump their holdings on the market.

UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says

[Aug 17, 2023 7:14 AM] Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

[Aug 17, 2023 6:54 AM] Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.

First Mover Americas: Bitcoin Drops to Lowest Level Since June

[Aug 17, 2023 6:35 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for August 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Securitize Agrees to Buy Crypto Wealth Manager Onramp to Expand RIA Services

[Aug 17, 2023 6:04 AM] The acquisition is expected to close in the coming days and terms of the transaction have not been disclosed.

Crypto Investors Can Now Trade XRP Options on BIT Exchange

[Aug 17, 2023 5:51 AM] Options allow investors to hedge bullish/bearish risks and generate additional income on top of their spot market holdings.

Genesis, FTX Strike Deal for $175M Bankruptcy Claim

[Aug 17, 2023 5:50 AM] Lawyers are trying to untie a complex financial web among companies that went under in the crypto winter.

Trump’s Crypto Wallet Makes $2.8 Million in Income, FEC Filing Shows

[Aug 17, 2023 5:30 AM] Former U.S. President Donald Trump has provided new data about his crypto income and holdings in a financial disclosure to the Federal Election Commission (FEC). The submission contains information about the balance of an ethereum wallet, which…

Educational Project For Private Bitcoin Transactions Coinjoins.org Has Officially Launched

[Aug 17, 2023 5:00 AM] Today, Thibaud Marechal and Gustavo Flores announced the launch of Coinjoins.org, an open-source project focusing on educating Bitcoin users on the privacy functionality of collaborative transactions, per a press release sent to Bitcoin…

Blockchain-Harnessing AI Project Jada Receives $25M in Capital

[Aug 17, 2023 3:00 AM] The project's aim is to offer AI services that aid decision-making for organizations and scale up their operations.

Bitcoin's 2023 Bullish Trendline in Focus as Traders Search for Directional Clues

[Aug 17, 2023 2:30 AM] A bullish trendline is a an upward-sloping diagonal line connecting two or more higher price lows.

Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump

[Aug 17, 2023 12:00 AM] One trading firm has a price target of as low as $24,000 in the coming months in the absence of immediate market catalysts.

Bitcoin Slides to $28.3K After Leveraged Funds Ramp Up Bearish Bets

[Aug 16, 2023 11:45 PM] Two-thirds of leverage funds' positions are short, one observer said, noting the bearish bias of sophisticated traders.

Ledger Taps Paypal for US Crypto Buys

[Aug 16, 2023 11:30 PM] Crypto security firm and hardware wallet manufacturer, Ledger, announced its integration of Paypal payments for U.S. customers. This will allow Ledger Live users to buy bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC) within…

SHIB Plunges 9% on Apparent Shibarium Bridge Issues

[Aug 16, 2023 10:07 PM] An important tool for the layer 2 service went live on Wednesday to a turbulent start.

Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

[Aug 16, 2023 3:40 PM] The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi contender.

Trump Owns Even More Crypto Than First Known, New Documents Show

[Aug 16, 2023 3:01 PM] The former U.S. president currently holds $2.8 million in ETH after debuting an NFT collection last year, fresh disclosures reveal.

Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024

[Aug 16, 2023 1:30 PM] In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their…

Sei, Blockchain Designed for Trading, Goes Live but 'Frustration' Mounts Over Airdrop

[Aug 16, 2023 11:38 AM] The buzzy blockchain project's SEI token saw a flurry of trading as it debuted on several crypto exchanges Wednesday, but there was much confusion over the status of a promised token "airdrop" to early adopters of the network.

BitGo Raises $100 Million Series C Funding At $1.75 Billion Valuation

[Aug 16, 2023 11:34 AM] BitGo, a leading Bitcoin and cryptocurrency custody firm, announced on Wednesday that it has successfully raised $100 million in its Series C financing round, bolstering its valuation to $1.75 billion. The funds will be allocated to…

Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion

[Aug 16, 2023 11:30 AM] The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of…

PayPal to Stop Crypto Purchases in UK Until 2024

[Aug 16, 2023 10:20 AM] Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing new rules by the country’s financial regulator.

Bitcoin Slips to $29K, but Fundstrat's Tom Lee Sees $150K on ETF Approval

[Aug 16, 2023 9:50 AM] Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.

Bitcoin Magazine Donates Third ‘Historic Cover’ to Ordinals Institute

[Aug 16, 2023 8:00 AM] An iconic Ordinal is being donated to the team that kickstarted the upstart protocol. Announced today, Bitcoin Magazine is gifting one of its 23 ‘Historic Covers,’ unique one-of-one Ordinals representing our print magazine’s original run, to the…

First Mover Americas: Coinbase Secures NFA Approval to Offer Crypto Futures

[Aug 16, 2023 7:19 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for August 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Crypto Wallet Provider Ledger to Let Users Buy Bitcoin, Ether Through PayPal Account

[Aug 16, 2023 7:00 AM] Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday.

Ex-Meta Engineer’s Layer-1 Blockchain Linera Raises $6M in New Funding

[Aug 16, 2023 7:00 AM] The layer-1 blockchain’s initial seed funding round was led by a16z crypto and has now raised $12 million in total.

3AC Founders' OPNX Fined $2.7M by Dubai Crypto Regulator

[Aug 16, 2023 6:31 AM] The exchange was formally reprimanded by the Virtual Assets Regulatory Authority (VARA) in May.

BitGo Raises $100M After Scrapping Prime Trust Deal: Bloomberg

[Aug 16, 2023 5:43 AM] The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust.

Coinbase Finally Wins Approval to List Crypto Futures in U.S.

[Aug 16, 2023 4:42 AM] The approval makes Coinbase the first crypto-first platform to offer regulated and leveraged crypto futures alongside alongside traditional spot trading.