First Mover Asia: Singapore Wants More Control Over Crypto Companies That Call It Home but Aren’t There; Major Cryptos Drop

Posted: 05 Apr 2022 03:33 PM PDT

Many crypto companies, especially those with roots in Asia, choose to register their companies in Singapore, but the city-state has grown uncomfortable with the scale of this arrangement; bitcoin fell sharply after hawkish remarks by Fed Governor Lael Brainard.

Riot Blockchain Bitcoin Mined Rises to 511 in March

Posted: 05 Apr 2022 03:09 PM PDT

The company also sold 200 bitcoin during the month, raising $9.4 million.

Market Wrap: Bitcoin and Stocks Briefly Dip After Fed Comments; DOGE Rallies

Posted: 05 Apr 2022 01:27 PM PDT

Bitcoin (BTC) traded roughly flat over the past 24 hours, compared with a 17% rally in dogecoin (DOGE), while WAVES dipped. The dispersion in crypto returns suggests some caution among traders amid macroeconomic risk.

Lawmakers Keep Mentioning Privacy in CBDC Discussions

Posted: 05 Apr 2022 12:47 PM PDT

Hey folks. We're still talking central bank digital currencies and digital dollars, so this week's State of Crypto has some quick and vaguely unhinged thoughts on recent actions and statements on this front.

Ronin Attack Shows Cross-Chain Crypto Is a ‘Bridge’ Too Far

Posted: 05 Apr 2022 12:45 PM PDT

Last week's $625 million exploit of the Axie Infinity sidechain underscores the risks of sacrificing decentralization for scale, Ethereum boosters say.

A State Senator Is Pushing to Attract Bitcoin Miners to Oklahoma

Posted: 05 Apr 2022 12:42 PM PDT

John Michael Montgomery explains on CoinDesk TV's "First Mover" why he thinks the Sooner State should offer tax incentives to crypto miners.

A New SEC Definition for ‘Exchanges’ Has Big Implications for Crypto

Posted: 05 Apr 2022 12:11 PM PDT

Crypto should seize the opportunity to be heard as the U.S. Securities and Exchange Commission looks to expand its remit.

US Sanctions Russia’s Hydra Darknet, Adds Over 100 Bitcoin Wallets to OFAC List

Posted: 05 Apr 2022 12:03 PM PDT

The move came alongside action by Germany, which earlier on Tuesday shut down Hydra Market and seized $25 million in bitcoin.

Fed’s Brainard Says Balance Sheet Reduction to Happen Rapidly

Posted: 05 Apr 2022 11:44 AM PDT

Brainard's speech comes a day before the Federal Open Market Committee (FOMC) will release minutes of its March 15-16 meeting in which members decided to raise the federal funds rate for the first time in three years.

Bitcoin Range-Bound; Support at $43K-$45K

Posted: 05 Apr 2022 11:24 AM PDT

Bitcoin (BTC) is stabilizing after a 3% price drop, although the cryptocurrency is stuck in an intraday trading range. Overbought signals could keep some buyers on the sidelines.

Web 3 and the Rise of Small Media

Posted: 05 Apr 2022 10:34 AM PDT

Taking on Web 2's ad-bot-infested business model with Sybil-resistant media.

How Crypto Is Changing Philanthropy

Posted: 05 Apr 2022 10:11 AM PDT

The ease of transferring crypto anywhere in the world has enabled man nonprofits to work with donors globally.

Jeff Kauffman: DAOs Will Own Big Brands

Posted: 05 Apr 2022 10:07 AM PDT

The founder of the $JUMP community token, a speaker at Consensus, on how Web 3 will change branding and empower communities to buy brands themselves.

Marathon Digital to Move Mining Rigs From Coal-Powered Montana Site

Posted: 05 Apr 2022 09:23 AM PDT

The firm wants its bitcoin mining operations to be powered by renewable energy by year-end.

Dogecoin Rallies Again After Elon Musk Joins Twitter Board

Posted: 05 Apr 2022 09:09 AM PDT

The news comes one day after the Tesla CEO disclosed his ownership of 9.2% of Twitter, making him the company's largest individual shareholder.

Ethereum Scaler Boba Network Valued at $1.5B in $45M Series A

Posted: 05 Apr 2022 09:00 AM PDT

In addition to easing Ethereum's transaction load, Boba injects off-chain machine learning into the contracts powering DeFi.

Digital Euro May Get Easier AML Rules Than Bitcoin, EU Commissioner Says

Posted: 05 Apr 2022 08:56 AM PDT

Mairead McGuinness promised a role for banks in distributing the CBDC, as a consultation presages legislation earlier next year.

Treasury's Yellen to Deliver First Speech on Crypto in US Economy

Posted: 05 Apr 2022 08:42 AM PDT

Treasury Secretary Janet Yellen has scheduled her first speech devoted entirely to digital assets and their place in the U.S economy. The Thursday remarks are expected to track closely with the sentiments already expressed in President Joe Biden's recent executive order.

Coinbase’s NFT Strategy Questioned by Mizuho Analyst

Posted: 05 Apr 2022 08:31 AM PDT

Mizuho's Dan Dolev is skeptical of the exchange getting into the NFT business at this time, citing a decline in NFT internet searches.

JST Capital Hires New York Fed Exec as Regulatory Head

Posted: 05 Apr 2022 08:17 AM PDT

Lightning Labs Raises $70M to Bring Stablecoins to Bitcoin

Posted: 05 Apr 2022 08:00 AM PDT

The Taproot-powered "Taro" protocol aims to bring low-fee stablecoin and asset transfers to the Bitcoin Lightning Network.

US House of Representatives to Consider Legislation on El Salvador’s Bitcoin Adoption

Posted: 05 Apr 2022 07:37 AM PDT

The bi-partisan Accountability for Cryptocurrency in El Salvador (ACES) Act mirrors legislation that advanced out of a Senate committee last month.

Universal Music Group Files 4 Trademarks for Its Bored Ape Band Leader

Posted: 05 Apr 2022 07:36 AM PDT

UMG's NFT band experiment continues with plans for tokens and a physical merch marketplace.

FCA Friction Said to Spook Investors Over Copper’s Reported $500M Raise

Posted: 05 Apr 2022 07:13 AM PDT

Temporary registration status from the U.K.'s markets regulator has caused some VC firms to back out or downsize their checks, sources say.

Bit Digital Partners With BitMine to Host 7K ASIC Miners

Posted: 05 Apr 2022 06:44 AM PDT

BitMine will store the machines in immersion coolers for greater efficiency.

First Mover Americas: Bitcoin's Pause Fails to Deter Optimism

Posted: 05 Apr 2022 06:36 AM PDT

The latest moves in crypto markets in context for April 5, 2022.

Ledger Nano S Plus Review: Good for Beginners

Posted: 05 Apr 2022 06:12 AM PDT

The brand-new Ledger Nano S Plus is an inexpensive, Swiss Army knife-like hardware wallet that does a pretty good job of keeping crypto self-custody simple for new users.

EU Consultation Looks at Issues With a Digital Euro

Posted: 05 Apr 2022 06:03 AM PDT

The Brussels executive got the ball rolling Tuesday on the legislation needed to issue a CBDC.

Terra Wallet Leap Raises $3.2M in Private Token Sale

Posted: 05 Apr 2022 06:00 AM PDT

If estimates in Leap's litepaper of an 8% private sale allocation hold true, the startup has a valuation of $40 million.

Georgia Central Bank Plans to Introduce New Crypto Rules: Report

Posted: 05 Apr 2022 05:34 AM PDT

The eastern European nation will follow international guidance as it sets out anti-money laundering and licensing regime.

Abra Targets High-Net-Worth Clients With New Asset Management Division

Posted: 05 Apr 2022 05:30 AM PDT

The newly formed Abra Capital Management will require a minimum investment of $250,000.

MicroStrategy Buys $191M Worth of Bitcoin

Posted: 05 Apr 2022 05:12 AM PDT

MicroStrategy, the bitcoin-accumulating business-intelligence software company, has bought 4,167 since mid-February.

Mapping Startup Hivemapper Raises $18M to Give Maps the Web 3 Treatment

Posted: 05 Apr 2022 05:00 AM PDT

Inspired by the success of Helium, Hivemapper will incentivize participation in the network with the distribution of its native HONEY tokens.

Parallel Finance Doubles Valuation in $5M Funding Round

Posted: 05 Apr 2022 05:00 AM PDT

The Polkadot-based lending protocol raised $5 million at a $500 million valuation, up from $250 million in November.

US Authorities Seize $34M in One of the Country's Largest Crypto Confiscations

Posted: 05 Apr 2022 04:25 AM PDT

The funds were allegedly gained by selling illicit goods, including stolen credentials.

FTX Takes Stake in Stock Exchange IEX to Strengthen Crypto Markets

Posted: 05 Apr 2022 04:11 AM PDT

The size of FTX's investment was not revealed, but an FTX spokesperson said it will become a "significant" shareholder in IEX.

Bitcoin's 'Reserve Risk' Suggests Opportunity for Long-Term Accumulation

Posted: 05 Apr 2022 03:18 AM PDT

The indicator trades at low levels when there is heavy investor accumulation and HODLing is the preferred market strategy, a blockchain analytics firm said.

German Authorities Shut Down Russian Darknet Market, Seize $25M in Bitcoin

Posted: 05 Apr 2022 02:35 AM PDT

The marketplace's bitcoin privacy mixer complicated the investigation, police said.

New Singapore Crypto Law Requires Overseas-Only Operators to Be Licensed: Report

Posted: 05 Apr 2022 12:12 AM PDT

The city-state'sTuesday passage of the law means such companies will have to meet anti-money laundering and anti-terrorism measures to which they were not previously subjected.

Can India’s Controversial New Tax Law Be Challenged in Court? Yes, Say Crypto Lawyers

Posted: 04 Apr 2022 09:17 PM PDT

Gryphon Digital Mining Ends Plans to Go Public Through Merger With Sphere 3D

Posted: 04 Apr 2022 05:39 PM PDT

The companies agreed to terminate their agreement, which was first announced last June.

First Mover Asia: Crypto Offering New Opportunities for Inflation-Worried Indonesian Investors; Bitcoin Is Flat

Posted: 04 Apr 2022 09:39 PM PDT

A report by the crypto exchange Gemini found that about three in five Indonesians own cryptocurrencies; bitcoin and ether drop slightly.

Bitcoin Miner Marathon on Track to Meet Its Hashrate Guidance, Despite Delay

Posted: 04 Apr 2022 03:22 PM PDT

The miner is hodling all its bitcoins and currently has 9,373.6 bitcoins with a fair market value of approximately $427.7 million.

Bear Markets, Regulations and That Bain Crypto Photo: A Chat With Pantera Capital’s Chief of Staff

Posted: 04 Apr 2022 01:58 PM PDT

Emma Rose Bienvenu uses her legal background to help startups navigate crypto regulations.

Gensler Says SEC Exploring Shared Role With CFTC Over Crypto Platforms

Posted: 04 Apr 2022 01:39 PM PDT

The SEC chief suggests securities, commodities "intertwined" in current trading venues.

Market Wrap: Cryptos Pull Back, Traders Eye Opportunities in Ether Versus Bitcoin

Posted: 04 Apr 2022 01:24 PM PDT

Bitcoin (BTC) and other cryptos traded lower on Monday as bullish sentiment faded. Volatility and trading volume continue to drift indicating low conviction among market participants. WAVES dipped 20%, while some option traders see value in ETH calls versus BTC calls.

Crypto Funds Draw Inflows for Second Straight Week

Posted: 04 Apr 2022 12:22 PM PDT

Some $180 million flowed into digital asset funds in the week through April 1, CoinShares reported on Monday.

Introducing Market Wrap, and a New Look for CoinDesk’s Newsletters

Posted: 04 Apr 2022 11:58 AM PDT

We're debuting our third daily newsletter – and a new design for the rest.

Digital Euro Will Have Privacy Safeguards, European Finance Ministers Say

Posted: 04 Apr 2022 11:56 AM PDT

Ministers are discussing policy options for the central bank digital currency though no formal decision to issue one has been taken .

Bitcoin Weighed Down by $48K Resistance; Support at $43K

Posted: 04 Apr 2022 11:17 AM PDT

Bitcoin (BTC) is in pullback mode after a choppy weekend. The cryptocurrency could find support around $43K, which should stabilize the down move. Momentum signals turned negative on the daily chart, similar to what occurred during the first week of February and March.

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