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Polygon Emerges as Suitor for Celo’s New Layer-2 Blockchain, Competing With OP Stack
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 5:06 pmCelo, which is ditching its standalone blockchain in favor of a new “layer-2” network atop Ethereum, had originally signaled plans to rely on Optimism’s OP Stack, a similar customizable kit to Polygon’s but using Optimism’s “optimistic” technology.Read More
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Is Crypto-AI Really a Match Made in Heaven?
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 4:11 pmThere’s lots of talk these days about how blockchains can make AI safe for human consumption. But is the idea, widely touted in the crypto community, workable in practice? Jeff Wilser takes a critical look.Read More
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Top 3 Crypto Myths Tackled for Advisors
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 3:45 pmChristopher Jensen from Franklin Templeton tackles myths about crypto in the Crypto for Advisors newsletter.Read More
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Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 3:09 pmDamoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.Read More
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NEAR Foundation’s Marieke Flament Steps Down as CEO
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 2:01 pmGeneral Counsel Chris Donovan will assume her role at the organization behind the NEAR protocol.Read More
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Bank of Japan a Major Source of Uncertainty, Crypto Volatility Trader Says
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 12:27 pmOnce the BOJ begins policy normalisation, yen carry trades may unwind quickly, leading to increased cross-asset volatility.Read More
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First Mover Americas: NFT Platform ImmutableX's IMX Token Rallies
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 12:02 pmThe latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Read More
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Binance Warns of Multiple Stablecoin Delistings as Lawyers Puzzle Over EU's MiCA
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 12:00 pmThe EU’s landmark Markets in Crypto Assets law, MiCA, takes effect next year, but it’s not clear how it will apply to foreign or decentralized issuersRead More
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Galaxy Digital Eyes European Expansion With New Regional CEO
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 11:36 amMike Novogratz’s firm has appointed Leon Marshall, its existing global head of sales, as its first European CEO.Read More
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BNB, XRP Lead Slide in Crypto Majors as Mt. Gox's Repayment Delay Fails to Bouy Bitcoin Prices
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 10:21 am“We still believe that the chances of further declines are higher for now,” one analyst said.Read More
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Here’s How FTX Founder Sam Bankman-Fried’s Trial May Play Out
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 10:00 amFTX founder and onetime CEO Sam Bankman-Fried will stand trial in just under two weeks to defend himself against allegations he deliberately committed fraud and conspired to defraud crypto investors and customers in FTX and Alameda Research. CoinDesk spoke to several legal experts about how the case may proceed.Read More
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Bitcoin Bulls Missing in Action After Mt. Gox Delays BTC Repayments
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 9:03 amRumors of Mt. Gox mulling a delay have been doing the rounds and likely catalyzed the recent bitcoin price bounce.Read More
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Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried's Alameda, Ex-Employee Claims
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 7:34 amAn ex-Alameda employee claims a trader at the firm punched in a wrong decimal which led to bitcoin’s 87% drop on Binance.US in 2021.Read More
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DraftKings' Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 7:00 amThe company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.Read More
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Optimism Foundation Sells $157M OP Tokens, Citing 'Treasury Management'
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 6:43 amThe foundation behind layer 2 blockchain Optimism has sold 116 million OP tokens ($157 million) to seven separate purchasers, according to an announcement on the Optimism governance website.Read More
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Infamously Hacked Crypto Exchange Mt. Gox Delays Repayment Deadline by a Year
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 5:41 amThe defunct crypto exchange has delayed the deadline for repayments to Oct. 31, 2024.Read More
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NFT Platform ImmutableX's IMX Token Surges 35% With Upbit Leading Volume Growth
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 21 September 2023, 4:59 amThe IMX-Korean won pair listed on South Korea’s leading exchange Upbit accounted for nearly 20% of the 24-hour global trading volume.Read More
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Vivek Ramaswamy Is Drafting a 'Crypto Policy Framework'
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 9:58 pmRepublican presidential candidate Vivek Ramaswamy will release a crypto policy paper.Read More
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U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 7:52 pmA crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress.Read More
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Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve's Powell
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 6:30 pmThe pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank’s next policy meeting in November.Read More
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The Sam Bankman-Fried Trial Is a Family Affair
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 6:04 pm -
The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 5:08 pmLast week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.Read More
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MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 4:39 pmMaker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, is nearing its highest price since last May, buoyed by rising protocol profits and large investors accumulating the token.Read More
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Understanding the Economics of Ethereum Layer 2s
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 3:45 pmExplosive Ethereum growth is on the way, with layer 2s like Arbitrum, Optimism and now Base paving the way, Michael Nadeau of The DeFi Report writes.Read More
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A Bitcoin ETF Has Golden Parallels From History
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 3:45 pmWhy all the excitement about spot bitcoin ETFs? Well, a gold ETF was a huge deal for markets, and people wonder if $BTC might be next.Read More
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BCB Group’s Chief Banking Officer Ian Moore to Leave This Month
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 3:30 pmHis planned exit follows that of the deputy CEO Noah Sharp in June.Read More
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Sam Bankman-Fried’s Empire Was Crushed by This Infamous Balance Sheet. Here’s More of the Story
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 3:30 pmThe infamous balance sheet of Sam Bankman-Fried’s trading firm, Alameda Research, served as the basis for a Nov. 2, 2022, story by CoinDesk’s Ian Allison. The article raised questions about how sturdy the company’s financial underpinnings were – and, by extension, how safe Bankman-Fried’s better-known crypto exchange FTX was. For the protection of our sources we are not publishing the document itself but rather describing its contents – in finer detail than ever before.Read More
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'We Can't Build Something Like This on Ethereum,' Says DYdX Founder as Mainnet Nears
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 3:00 pmIn an exclusive interview, Antonio Juliano, founder of dYdX (and a former Coinbase software engineer), discusses his project’s move to build a new layer-1 blockchain using Cosmos technology.Read More
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South Koreans Hold $99B of Digital Assets Overseas: Tax Service
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 1:18 pmThe crypto held in overseas accounts for about 70% of all assets held outside the country.Read More
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Arbitrum Blockchain Traders Can Now Protect Against 'Impermanent Loss'
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 12:02 pmGammaSwap developers say it’s the first application to allow Arbitrum users to hedge against supplied liquidity by letting them go short on those positions.Read More
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First Mover Americas: Bitcoin Hovers Around $27K Ahead of Fed Decision
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 12:01 pmThe latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 20 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Read More
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Bitcoin Price May Boom in October, Could Hit $37K by Year-End: Matrixport
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 11:40 amThe world’s largest cryptocurrency generally outperforms in the fourth quarter, returning on average more than 35% over the past nine years, the report said.Read More
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UK Just Passed an Online Safety Bill That Will Apply to the Metaverse
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 10:05 amThe bill requires companies to assess the likelihood that children will encounter harmful content in virtual worlds and have measures in place to mitigate such risks.Read More
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Bitcoin Holds Above $27K; XRP, ADA, DOGE Trade Little Changed
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 9:19 am“All financial markets have taken a wait-and-see approach ahead of monetary policy decisions in the U.S., Switzerland, the U.K. and Japan,” one analyst said.Read More
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DeFi Protocol Balancer Says Web Front End Is ‘Under Attack’
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 8:31 amOn-chain data appears to show the attacker has stolen over $200,000 from users.Read More
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The Salvation of Domain Ownership May Lie in Tokenization, and One Firm Is Pressing Hard to Make This a Reality
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 7:20 amURLs are the pathway to the internet. While top domains might fetch in the hundreds of millions, they are still auctioned off like it’s the twentieth century. Here’s how web3 can change that.Read More
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Avalanche Developer, Known for Minting Millionaires and Duds, Is Back With ‘WAGMI’ Tokens
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 7:12 amSestagalli’s previous Avalanche projects created a cult-like following in the 2021 bull run under the “frog nation” moniker.Read More
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Bitcoin Price Volatility Likely to Stay Depressed After Fed Rate Decision
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 7:05 amThe Fed will announce its rate decision on Wednesday at 14:00 ET. The way bitcoin options are priced suggests the cryptocurrency may not move more than 3% by Friday.Read More
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Stanford University Will Return 'Gifts' Donated by FTX: Report
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 20 September 2023, 5:15 amStanford University will be returning “gifts” it received from FTX, allegedly orchestrated by Sam Bankman-Fried’s parents, according to a Bloomberg report.Read More
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Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 9:49 pmThe company filed for bankruptcy in August.Read More
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Ether Drops to 14-Month Low Against Bitcoin as Vitalik Buterin, Whales Send $60M ETH to Exchanges
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 9:25 pmThe recent decline in the ETH/BTC ratio continues a trend that began more than a year ago.Read More
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Bitcoin Hangs on Just Above $27K Ahead of Fed Rate Decision
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 8:34 pmThe Fed on Wednesday is widely expected to hold rates steady, but investors will monitor new economic projections and Chairman Powell’s press conference for clues about the direction of future policy.Read More
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SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 7:31 pmThe U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head of the agency’s Crypto Assets and Cyber Unit.Read More
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Does Coinbase Have a Diversification Problem?
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 6:55 pm -
Crypto Wants a De Minimis Tax Exemption in the U.S.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 5:30 pmThe leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this month.Read More
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Binance’s Bitcoin Trading Volume Plunges 57% as Regulatory Pressure Mounts
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 5:11 pmAs legal challenges against Binance mount, the average spot BTC trading volume on the platform has decreased 57% since Sep. 1Read More
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Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 5:08 pmThe alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.Read More
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Eventually, We Are All Ethereum
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 4:43 pmHistory suggests that, slowly but surely, all layer 2s will migrate to the Ethereum, says EY’s Global Blockchain Leader.Read More
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Appeal Court Punts on Bankman-Fried's Bid to Secure Release from Jail
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 4:00 pmThe one-time crypto exchange executive has made several arguments to get out of jail before his trial.Read More
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Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 19 September 2023, 3:20 pmBinance says Paysafe gave it short notice that a “very small portion” of European users will be subject to an earlier closure before the payments provider pulls support for the exchange on Sept. 25.Read More