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“Mr. Bankman-Fried, and others at his direction, maintained a close, accommodating relationship with Bahamian law enforcement agencies” including the prime minister, attorney general and Securities Commission, the filing reads, adding that the FTX founder “aimed to leverage that relationship to minimize…
A Taipei-based trader at Quantrend Technology, a large market maker on Binance, told CoinDesk in a note that bitcoin has hit the highest level since the collapse of Terra last year, which is also a positive psychological indicator that market sentiment…
“Things like bitcoin are great, they’re permissionless, they’re free to transfer, but you can’t really store your entire net worth in them if you’re a minimum wage earner in Africa,” Ovadia said. “I think, in general, stablecoins are probably one of…
Users are spoiled for choice in an increasingly competitive crypto market, however, as relatively newer networks such as Arbitrum, zkSync, Optimism and Solana, among several others, vie for developer talent and increase their own revenues via token incentives or airdrops.
However, while these products are wholly speculative as of Monday, their use case might change after ARB tokens are officially issued to network participants. Traders and holders of spot ARB may then use futures products to hedge their spot holdings or…
“Our next steps would be for the virtual asset service provider industry to collaborate with the FSC to define regulatory operations,” he said, saying one of the first steps is to form an industry self-regulatory body to help develop a set…
The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday.…
“From a technical aspect, the current price action is overheated and we could see a correction toward $25K in the near term. The major market mover will most likely be FOMC, in about 3 days, where the majority of the analysts…
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When it comes to trading, the good news for investors is the crypto industry has become increasingly less reliant on fiat currencies over the past few years. In fact, the percentage of market share of all volume on centralized exchanges for…
In a career that began in 1960, the Puerto Rico-born Mr. Vega became, one admirer said, “the architect of Hispanic radio at a global level.”Polito Vega, an exuberant announcer with a booming bass voice and a finely attuned ear whose Spanish-language…
As the families seek more than $1.4 billion awarded by courts for Mr. Jones’s lies, a New York Times review shows he is transferring millions of dollars to family and friends, potentially out of reach of creditors.HOUSTON — The Infowars conspiracy…
To actually make it in Web3, much like practically every other industry, founders have to start with a gap they can realistically address. The impetus for starting Sending Labs, for example, came from our founding team noticing that Web3 had virtually…
ORANGE, Va. — Jeannette Walls could have had a life of leisure after the big success of her 2005 memoir, “The Glass Castle,” but she has too much energy for that. She walks fast and talks fast. Her laugh can be…
In recent years, blockchain technologies have increasingly been used to boostengagement with customers and offer loyalty rewards. BlockFi and Gemini, for example, announced they would offer credit cards offering bitcoin rewards. In 2022, Mastercard supported Upstart, a NFT-based loyalty program, through…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives…
One of the first verticals Davis will launch is SLiC Images, which aims to be a decentralized platform, file storage product and licensing system for photographers – pros and amateurs alike. “If a picture says 1,000 words, we want to capture…
Since its inception in 2005, DatPiff has been a cornerstone of mixtape culture, hosting exclusive releases from the likes of Lil Wayne, J. Cole, Meek Mill, Wiz Khalifa, Future, Chance The Rapper, A$AP Rocky, Mac Miller, Big Sean, Travis Scott and…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives…
According to Variety, her work was going to be presented at the Louvre "courtesy of Superchief Gallery NFT" and would premiere on March 21. The "Superchief-Louvre show," as Variety wrote, would be a showing of her latest collection titled "can i…
“When you go down that path of arguing, ‘It’s some data derived from the image in a certain way,’ well, that’s just a copy,” says Butterick. “It’s just a fancy way of figuring out how to store the data and regenerate…
“That means that billions of dollars went to creators but, more importantly, an even larger number went to owners of the assets of these entities that fueled an industry that made it possible to create companies like Blur, OpenSea or Magic…
Nonetheless, the timing by regulators is significant, Vullo said. By quickly dealing with SVB and Signature, bank regulators were able to “send a very strong message to the public that the system is OK and that we're going to take care…
A meaningful future of fandom in Web3 can mean many things: a culture of loyalty, financial freedom, collective ideals and ownership, shared success and even challenges. While we've come a long way as an industry and community, we still have a…
Those companies deposited the funds at SVB, which in turn made what must have seemed a conservative investment choice at that time: It plowed the cash into long-term U.S. government bonds and mortgage-backed securities. The problem was that in January 2022,…
Like all tumors, this one should be excised: MacAskill’s continued presence at Oxford, in particular, is a nasty, dripping blemish on the face of the entire field of academic philosophy. Unfortunately, the FTX story has become an object lesson in how…
The inquiry appears to be tied to an admission by the app’s owner, ByteDance, that employees had inappropriately obtained Americans’ data. The company said it had fired the workers involved.WASHINGTON — The Justice Department is investigating the surveillance of American citizens,…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives…
Coinbase shares were up close to 7%, while those of MicroStrategy (MSTR), which holds billions of dollars of bitcoin on its balance sheet, were up 7.7%. Crypto mining stocks were up significantly, as well, led by Riot Platforms (RIOT), up 12%.…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives…
Twitter didn’t move forward with the music licensing deals because of costs, people with knowledge of the matter said.Twitter explored the licensing of music rights from three major labels before negotiations stalled after Elon Musk’s takeover of the company, said eight…
And yes, if we wanted, we could do it on a blockchain. If a real dollar were issued on a real, public blockchain like Ethereum (not a “permissioned chain” that only a few parties can access or administer), the financial infrastructure…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives…
“I guess there was demand,”Ghahary says, “because when they sold packs [at that time], it would sell out. And you could flip it and make money. But as they pumped out more supply, values started dropping, and people started leaving. Even…
Volmex's bitcoin implied volatility index (BVIV) and ether implied volatility index (EVIV) measure the expected price turbulence over 30 days, derived from real-time crypto call and put options. The indexes can be considered analogous to Wall Street's fear gauge, the VIX…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives…
Bitcoin, the world’s largest cryptocurrency, is back trading above $26,000 for the second time this week, up 7.5% in the last 24 hours. The coin has been trading between $24,000 and $26,700 over the past week. Investors who went away for…
Trading firms were quick to jump on the USD coin (USDC) long trade last weekend as the stablecoin, which was meant to be pegged 1:1 to the U.S. dollar, fell to as low as 87 cents on news that Circle Internet…
Sign up for Valid Points, our weekly newsletter breaking down Ethereum’s evolution and its impact on crypto markets.DISCLOSUREPlease note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and…
Van Overtveldt represents the right-wing European Conservatives and Reformers, the fifth-largest political grouping in the Parliament, in the Economic and Monetary Affairs Committee. He was Belgium's finance minister from 2014 to 2018. The ECR says it's dedicated to individual liberty, private…
The sale would comprise lenders Genesis Global Capital and Genesis Asia Pacific, as well as Genesis Global Trading, the last of which has not filed for bankruptcy. All three fall under the umbrella of Digital Currency Group, which also owns CoinDesk.
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives…
Users of Arbitrum, which has seen immense growth in the past few months, were expecting the network to issue its native tokens for a long time. Arbitrum developers have previously denied they planned to issue tokens, but that didn’t dissuade traders…
Viewership is down in the early going of CNN’s new 9 p.m. programming strategy, as the network tries to reinvent itself.CNN’s new chairman, Chris Licht, debuted a novel experiment last month to revive his network’s flagging prime-time ratings, betting that viewers…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives…
"QE is increasing the balance sheet for monetary purposes. This is about financial stability, and all expansion of the balance sheet is not QE," Marc Chandler, chief market strategist at Bannockburn Global Forex and author of the book "Making Sense of…
On-chain data first spotted by Lookonchain shows that an address controlled by the entity that exploited Euler Finance’s protocol earlier this week has sent 100 ether (ETH), worth $170,515 at current prices, to a wallet associated with Lazarus Group’s Ronin network…
First and second place included a bug on the software node level of layer 2 scaling system Optimism and a vulnerability on the key generation level of vanity address generator Profanity. The Optimism bug, if exploited, causes “an infinite mint” of…
“It flipped this week. We see crypto markets rallying, while equity markets have completely collapsed,” she said. “The divergence in these markets have flipped, and that’s being maintained, which is creating this decreasing correlation for both Nasdaq’s tech stocks and Europe’s…
The acquirer will tell the FDIC “what assets and liabilities from the failed bank it is willing to take,” the spokesperson said, citing the agency’s resolution handbook. The spokesperson also referred CoinDesk to two joint statements published by the FDIC, Office…