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Weekend Wrap: Google sued over $5M scam app, Malaysia nabs illegal miners and more

Category: CRYPTO NEWS

Google allegedly dragged its feet when taking down a crypto scam app, allowing the app to do over $5 million in damage, according to a proposed law...

Cardano: Why $0.36 and $0.42 are crucial levels to watch for

Category: CRYPTO NEWS

Cardano could move higher due to scattered liquidity pockets, but the longer-term downtrend appeared unshakeable.

2024-08-19T03:15:41+00:00Continue Reading

Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two

Category: CRYPTO NEWS

Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in c...

Australia's Financial Regulator Warns of Ongoing Crypto Scams Despite Monthly Decline Since April

Category: CRYPTO NEWS

An average of 20 websites are said to be taken down daily, with scammers continuing to adapt and find new ways to lure victims, ASIC said.

20...

110,000 Ether Pours into Liquid Staking Platforms, Boosting Defi Holdings

Category: CRYPTO NEWS

Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 11...

Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says

Category: CRYPTO NEWS

The total market cap of the fourteen publicly listed mining stocks the bank tracks fell 18% since the end of last month, the report said.

http...

CoinDesk 20 Performance Update: UNI leads with 3.8% Gains as Index Rises

Category: CRYPTO NEWS

Twelve assets in the CoinDesk 20 Index gained, with ADA joining UNI among the largest advancers.

https://www.coindesk.com/coindesk-indices/2024...

Nigeria Court Freezes $38M of Crypto Allegedly Sent to Support Protests in the Country: Reports

Category: CRYPTO NEWS

Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported.

https://www.coindesk.com/...

First Mover Americas: Crypto Trades Little Changed Following Thursday's Slide

Category: CRYPTO NEWS

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextuali...

Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale’s for the First Time

Category: CRYPTO NEWS

BlackRock is now the largest holder of the two assets in publicly traded funds.

https://www.coindesk.com/markets/2024/08/16/bitcoin-ether-held-...

Digital Payments Platform Flexa Launches Crypto Point-of-Sale Tool

Category: CRYPTO NEWS

Flexa Components will allow retailers to accept crypto payments like USDC at the point of sale.

https://www.coindesk.com/business/2024/08/16/di...

Record Drop in Ethereum Gas Fees Marks Historically Bullish Signal For ETH, Analyst Says

Category: CRYPTO NEWS

“Every time ETH gas fees have dropped to rock bottom, it has often signaled a price bottom in the mid-term,” one market watcher said.

https...

Justin Sun Bets on Memecoins With Tron-Based Token Generator

Category: CRYPTO NEWS

Sun.io, the DeFi platform associated with Tron founder Justin Sun, has released a token generator dubbed SunPump.

https://www.coindesk.com/busi...

South Korea's Pension Fund Snaps Up Nearly $34M MicroStrategy Shares

Category: CRYPTO NEWS

South Korean pension fund, National Pension Service (NPS), has bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of th...

Donald Trump Holds Over $1M in Ether, Also Receives NFT Licensing Fees

Category: CRYPTO NEWS

Filings show he has over $1 million in Ether.

https://www.coindesk.com/policy/2024/08/16/donald-trump-holds-over-1m-in-ether-also-receives-nft-...

NYSE Scrubs Plan to List Bitcoin ETF Options

Category: CRYPTO NEWS

Other exchanges have also withdrawn their applications, but some have re-filed.

https://www.coindesk.com/policy/2024/08/16/nyse-scrubs-plan-to-...

What's Next in SEC v. Ripple?

Category: CRYPTO NEWS

While the SEC case against Ripple was decided solidly in Ripple’s favor, the takeaways for the rest of the industry are limited.

https://www....

Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap

Category: CRYPTO NEWS

Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients...

Bitcoin's Programmability Draws Closer to Reality as Robin Linus Delivers 'BitVM2'

Category: CRYPTO NEWS

https://www.coindesk.com/tech/2024/08/15/bitcoins-programmability-draws-closer-to-reality-as-robin-linus-delivers-bitvm2/?utm_medium=referral&...

Schumer Sets Stage for New Era of U.S. Crypto Politics

Category: CRYPTO NEWS

Wednesday's Crypto4Harris town hall showed Democrats are finally engaged with the industry. Still, it’s not clear what Harris thinks about crypto, o...

Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon

Category: CRYPTO NEWS

The blame this time can't be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August dec...

Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says; USDT Issuer Claims Sour Grapes

Category: CRYPTO NEWS

Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the repo...

Crypto for Advisors: Crypto Volatility and Market Conditions

Category: CRYPTO NEWS

During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across...

Stablecoins Can Make the World a Safer Place. Regulators Should Encourage Them

Category: CRYPTO NEWS

The global financial system will be better off if stablecoins are fully adopted and foreign exchange risk goes the way of the dinosaurs, says Christop...

Stablecoin Supply Growth Isn't Eating Into Crypto Market Share: JPMorgan

Category: CRYPTO NEWS

The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.

https://www.coin...

Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management

Category: CRYPTO NEWS

The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk mana...

Latin American Exchange Bitso Taps Coincover for Security Services

Category: CRYPTO NEWS

Bitso will use Coincover’s non-custodial disaster recovery service and its risk engine to monitor outgoing transactions in real time.

https:/...

CoinDesk 20 Performance Update: LTC and ICP Take the Lead as Index Inches Higher

Category: CRYPTO NEWS

Litecoin gained 2.1% while Internet Computer rose 1.9% in overnight trading.

https://www.coindesk.com/coindesk-indices/2024/08/15/coindesk-20-p...

Wall Street Agrees Crypto Is 'Clearly' A Huge Election Issue, But Still Divided on Who Is Best for Industry

Category: CRYPTO NEWS

The digital assets industry is now a full-blown political issue, and Wall Street firms with crypto exposure are staying cautious ahead of November's U...

Top Crypto Startup Drove Other Projects' Airdrops to Its Employees

Category: CRYPTO NEWS

Eigen Labs circulated a list of team members' wallet addresses to EigenLayer ecosystem projects that were preparing to issue tokens. The firm later ba...

First Mover Americas: Bitcoin Drops to Under $58K After U.S. CPI Data

Category: CRYPTO NEWS

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextuali...

ZynCoin Launches 'Comfy,' a Physical Collectible That Earns Tokens as Rewards

Category: CRYPTO NEWS

It's a tin from $ZYN.

https://www.coindesk.com/business/2024/08/15/zyncoin-launches-comfy-a-physical-collectible-that-earns-tokens-as-rewards/?...

Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says

Category: CRYPTO NEWS

August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again...

Binance Completes Registration With India's Financial Intelligence Unit Months After Being Fined

Category: CRYPTO NEWS

The registration was provisionally approved in June, subject to the crypto exchange paying a fine of about $2.2 million.

https://www.coindesk.c...

BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC

Category: CRYPTO NEWS

Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.Continue Reading

Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow

Category: CRYPTO NEWS

Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.

https://www.coi...

U.S. Crypto Bill Can Happen This Year, Senate's Schumer Tells Crypto Backers of Harris

Category: CRYPTO NEWS

U.S. crypto legislation can happen this year, Senate Majority Leader Chuck Schumer (D-N,Y,) said Wednesday at the first major event in which crypto in...

Protocol Village: Quai Releases Mainnet-Compatible Devnet, Crunch Lab Raises $3.5M

Category: CRYPTO NEWS

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 15-21, 2024.

https://www.coindesk.com/tech/2024...

Trump Organization to Launch a Cryptocurrency Initiative, Eric Trump Says: Report

Category: CRYPTO NEWS

The Trump Organization, the holding company for former U.S. President Donald Trump’s business ventures, will soon unveil its new cryptocurrency init...

The Protocol: Memecoin Trading Is Suddenly Trump.fun

Category: CRYPTO NEWS

Blockchain has gone even more ridiculous than usual over the past week, with headlines focused on Trump-themed memecoins and the Solana-based launchpa...