Good morning. Here’s what’s happening: Prices: A new report from K33 highlights heightened volatility in Bitcoin and Ether in 2023, despite a slow start to the year. Insights: Observers suggest that the market needs a new driver to lift prices higher.…
Criminal charges that lawyers for Sam Bankman-Fried sought to dismiss, including technicalities around his extradition back to the U.S. and campaign finance violations, are valid, prosecutors said in court filings from Monday. In early May, Bankman-Fried filed pretrial motions to dismiss…
Singapore’s Temasek Holdings, one of the country's sovereign wealth funds, has pledged to take “collective accountability” for its ill fated $275 million investment in collapsed crypto exchange FTX. In a statement released Monday morning, the fund said there was “fraudulent conduct…
Good morning. Here’s what’s happening: Prices: Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively. Insights: China didn't say much…
The number of ether (ETH) on exchanges has hit a low not seen since July 2016 as staking saps up available ether. Data from Glassnode shows that as of Thursday, 14.85% of all ether was held in wallets owned by centralized…
Are smart contracts property? Are holders of a protocol’s token members of an unincorporated association? Is banning open-source software an attack on free speech? Those are the questions before a U.S. court in Austin, Texas, as a lawsuit from a group…
The latest contender for the leadership of the Republican Party said he is an advocate for crypto. “The current regime, clearly, has it out for Bitcoin,” Ron DeSantis said during a Twitter space with Elon Musk and venture capitalist David Sacks…
Law enforcement around the world has long pointed to China as being a source of deadly fentanyl as well as the precursors used to manufacture it. New research from both Chainalysis and Elliptic have put a number on how much of…
Good morning. Here’s what’s happening: Prices: Crypto's narrative this year has varied so widely that one dominant thread is difficult to pin down. BTC was hovering comfortably above $27K. Insights: Crypto in Hong Kong won't resemble what it looked like in…
The new CEO of FTX, John Ray III, appointed to manage the disgraced exchange’s bankruptcy process, hinted in January that the exchange could be rebooted. Now, new items on his latest billing report suggest there is work underway to do just…
Digital Currency Group (DCG) missed a $630 million payment owed to Gemini last week. Gemini CEO Cameron Winklevoss has threatened to sue DCG CEO Barry Silbert and DCG over the repayment of a $900 million loan after Genesis, a DCG entity,…
The Tornado Cash token (TORN) is up 10% after a proposal submitted by a wallet address linked to a recent attack on the decentralized autonomous organization’s (DAO) governance state looks to reverse the malicious changes. “The attacker posted a new proposal…
Good morning. Here’s what’s happening: Prices: Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital. Insights: The crypto industry is spending less than other industries on lobbying. That may need to change. Good morning Asia, Bitcoin…
Blockchain firm Ripple appointed the CFO of market research firm Nielsen, Warren Jenson, to its board, the firm said on Friday. “For cryptocurrency to successfully deliver on its potential to revolutionize traditional financial infrastructure, companies in the space must prioritize transparency,”…
Good morning. Here’s what’s happening: Prices: Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations. Insights: GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use…
Binance Australia says that it will no longer be able to facilitate Australian Dollar bank transfers using PayID, the exchange said on Thursday. In a tweet, Binance Australia blamed its third-party payment service provider and said that it's working to find…
Good morning. Here’s what’s happening: Prices: Unfazed by U.S. debt ceiling talks, bitcoin and ether hold steady while Tether and Circle are diversifying reserves to mitigate dollar risks. Insights: A federal judge denied the SEC's bid to conceal documents related to…
Good morning. Here’s what’s happening: Prices: Amid Bitcoin role debates and halving concerns, bitcoin and ether start flat in East Asia; Cobo's data points to market confidence recovery and Bybit links memecoin surge to reinvestment, warning of mining impacts if Bitcoin…
A war of words between the BlockFi Creditors Committee and the bankrupt digital asset lender's management continued in a court filing published late Monday. The creditors called BlockFi’s narrative that it was a victim of FTX and Alameda a “false case…
Former users of the bankrupt Canadian crypto exchange Quadriga CX will soon get a check for 13% of their claim, according to a notice to creditors published late Friday by accounting giant EY. Documents from EY shows Quadriga’s estate owes CAD…
Regulatory guidance and industry developments have led Bakkt, Intercontinental Exchange's crypto business, to mass-delist a number of digital assets, including some prominent decentralized finance (DeFi) tokens. The full list of de-listed tokens are: Aave (AAVE), Avalanche (AVAX), Bancor Network Token (BNT),…
Binance.US and its founder, majority shareholder, and chairman, Changpeng Zhao, are looking into strategies for decreasing Zhao's ownership in the crypto exchange, The Information reported. CZ has been looking to offload his shares since last summer, before the U.S. Commodity Futures…
Good morning. Here’s what’s happening: Prices: As blockchain congestion eases, Bitcoin's price recovers. eToro's Callie Cox said that inflation remains a key concern among crypto traders but noted bitcoin's resilience in an interview with CoinDesk TV. Insights: Extraterritoriality is once again…
Joseph O’Connor, the U.K. national behind a 2020 Twitter hack, has been extradited to the United States, where he has pled guilty to multiple cybercrime offenses, the U.S. Attorney’s Office Southern District of New York announced Tuesday “O’Connor used his sophisticated…