CoinDesk

CoinDesk


Greenidge's Seneca Lake Crypto Project Wins NY Supreme Court Ruling to Continue Operations

Posted: 07 Apr 2022 08:46 PM PDT

Judge Daniel J. Doyle ruled Greenidge's project "would not impact the air or water of Seneca Lake," in dismissing a stop petition filed by The Sierra Club and the Seneca Lake Guardian.

First Mover Asia: Bitcoin Set to Close Week Underperforming Major Japan, China Stocks

Posted: 07 Apr 2022 03:42 PM PDT

Investors in the region were more risk-averse this week amid fresh evidence of the U.S. central bank's commitment to hawkish monetary policy and an unsettled macroeconomic environment; cryptos were mixed.

FDIC Asks All Banks to Report Crypto Activities

Posted: 07 Apr 2022 03:10 PM PDT

A top U.S. banking regulator has asked banks to report on their "crypto-related activities," citing potential "safety and soundness risks as well as financial stability concerns" resulting from exposure to crypto assets.

Jack Mallers’ Strike Announces Shopify Integration for Bitcoin Lightning Payments

Posted: 07 Apr 2022 02:04 PM PDT

The bitcoiner instrumental to El Salvador's announcement at last year's conference waxed philosophical on Bitcoin's role as a payments network.

Direxion Refiles With SEC for Short Bitcoin Futures ETF

Posted: 07 Apr 2022 01:40 PM PDT

The exchange-traded fund (ETF) issuer had previously withdrawn its application late last year.

Market Wrap: Cryptos Recover, With Altcoins in the Lead

Posted: 07 Apr 2022 01:17 PM PDT

Bitcoin (BTC) and other cryptos stabilized on Thursday along with stocks. Altcoins led the way higher, although trader sentiment remains mixed. Also, mining data can be useful to track price peaks and troughs.

Bitcoin Stabilizes at $43K Support; Resistance at $45K-$48K

Posted: 07 Apr 2022 11:21 AM PDT

Bitcoin (BTC) is stabilizing above the $43K support level, although upside appears limited over the short-term. Momentum signals are still negative, especially on the monthly chart. For now, the recovery from Jan. lows remains intact.

Michael Saylor: Biden’s Executive Order Akin to POTUS Giving ‘Green Light to Bitcoin’

Posted: 07 Apr 2022 11:04 AM PDT

The longtime bitcoin supporter was as optimistic as ever about bitcoin in a conversation with Ark's Cathie Woods at Bitcoin 2022 in Miami.

Terra Backers Buy $200M in AVAX Tokens, Bolstering Crypto Reserves Beyond BTC

Posted: 07 Apr 2022 11:00 AM PDT

The Luna Foundation Guard bought $100 million in AVAX with UST stablecoins. Terraform Labs swapped an additional $100 million in LUNA for the same value in AVAX.

Robinhood Releases Crypto Wallet to 2M Users, Plans Integration With Bitcoin Lightning Network

Posted: 07 Apr 2022 10:28 AM PDT

In a pair of announcements from the Bitcoin 2022 conference in Miami, the trading app flexed its crypto chops. But check the fine print.

Coinbase's Trading Launch in India Hits Snag With Payments System

Posted: 07 Apr 2022 10:02 AM PDT

India's UPI denied knowledge of any crypto exchange using its platform after Coinbase leadership announced using that prominent payment gateway would be the first step in buying crypto through its brokerage.

First Mover Americas: Spot ETF Speculation Grips Bitcoin Market

Posted: 07 Apr 2022 09:13 AM PDT

The latest moves in crypto markets in context for April 7, 2022.

Sweden Casts Around for Potential E-Krona Suppliers

Posted: 07 Apr 2022 09:00 AM PDT

The country's central bank says it wants to understand the technical options before it takes the plunge to issue any new CBDC.

Ex-Blockstream Exec Samson Mow Raises $21M for Bitcoin Startup JAN3

Posted: 07 Apr 2022 08:39 AM PDT

Mow announced his new company during an appearance at the Bitcoin 2022 Conference in Miami.

FCA to Add 80 People in Crackdown on 'Problem Firms'

Posted: 07 Apr 2022 08:33 AM PDT

The extra staff will help the regulator strengthen its efforts to crack down on companies that fail to meet standards.

Slovenia Unveils Plan for Flat Tax on Crypto Transactions

Posted: 07 Apr 2022 08:04 AM PDT

The European nation said the flat-rate proposal will make paying taxes easier and help it compete in the global crypto market.

Treasury Secretary Janet Yellen Calls Crypto 'Transformative' in Wide-Ranging Speech

Posted: 07 Apr 2022 08:02 AM PDT

A digital dollar could become a "trusted money comparable to physical cash," U.S. Treasury Secretary Janet Yellen said in her first speech on digital assets on Thursday. Speaking to attendees at an American University event, Yellen highlighted the extreme divergence of perceptions about crypto, saying that's often the case with "transformative" technology.

How the Play-to-Earn Industry Can Rebuild Better After the Ronin Attack

Posted: 07 Apr 2022 07:49 AM PDT

Crypto.com to Pay Bitcoin Bonuses to UFC Fighters

Posted: 07 Apr 2022 07:20 AM PDT

Bitcoin bonuses will be awarded to the three standout athletes at each UFC pay-per-view event as voted for by fans across the world.

Block's Cash App Rolls Out Service to Automate Getting Paid in Bitcoin

Posted: 07 Apr 2022 07:15 AM PDT

Block's mobile payment service also announced a feature to round up payments to buy bitcoin with the difference, and the ability to send bitcoin using the Lightning Network.

Bitcoin Regains $43.5K as 'Fear' Hits Sentiment, Though Some Remain Bullish

Posted: 07 Apr 2022 06:58 AM PDT

Bitcoin showed signs of recovery following Wednesday's slide as hawkish comments from the U.S. Federal Reserve failed to temper investor fears about inflation in the coming months.

Andreessen Horowitz, SoftBank Lead $150M Raise for Metaverse Startup Improbable

Posted: 07 Apr 2022 06:54 AM PDT

The multiplayer services provider is accelerating its push into the metaverse.

Hashed Leads $6.5M Round for LOVO’s AI-Backed Voice NFTs

Posted: 07 Apr 2022 06:01 AM PDT

The company wants its synthetic speech tools to be used in chat apps or as in-game assets.

HBAR Foundation Commits $250M to Drawing Metaverse Apps to Hedera

Posted: 07 Apr 2022 06:00 AM PDT

The announcement follows a $155 million DeFi fund launched at the end of March.

It’s Tax Time Again. Do We Really Know What That Means for Crypto?

Posted: 07 Apr 2022 05:50 AM PDT

Blockchain Security Firm CertiK Confirms $88M Raise at $2B Valuation

Posted: 07 Apr 2022 05:41 AM PDT

CertiK raised funds at a $2 billion valuation, doubled from the last funding in December.

Community Gaming Raises $16M in SoftBank-Led Round to Expand Crypto Esports

Posted: 07 Apr 2022 05:00 AM PDT

The competitive gaming platform is expanding into Latin America and Southeast Asia.

Commonwealth Bank's Crypto Services Face Regulatory Delays: Report

Posted: 07 Apr 2022 04:51 AM PDT

There are a bunch of rules that you need to follow, regulator Cathie Armour said talking about the country's policies.

Blockchain-Exposed Stocks Could Show Massive Sales Growth Despite Recent Underperformance, Goldman Says

Posted: 07 Apr 2022 04:12 AM PDT

Bitcoin has become more correlated with equity index returns in recent months, the bank's analysts said.

EToro Is Aping Into Blue-Chip NFTs With $20M Fund

Posted: 07 Apr 2022 04:00 AM PDT

The trading platform is launching eToro.art, its foray into the world of non-fungible tokens.

Crypto Rules Should Match Traditional Financial System, Yellen to Say Thursday

Posted: 07 Apr 2022 04:00 AM PDT

Treasury Secretary Janet Yellen will deliver her first speech focusing on cryptocurrencies and the digital assets industry on Thursday. Excerpts of Yellen's remarks reveal her views on how to oversee the industry according to guidelines set forth in a recent executive order from President Joe Biden.

Payments Company Bolt to Buy Wyre for $1.5B to Add Crypto Option

Posted: 07 Apr 2022 03:26 AM PDT

Payments company Bolt agreed to acquire crypto startup Wyre for $1.5 billion according to a report by the Wall Street Journal Thursday.

21Shares Launches Metaverse ETP via Sandbox’s SAND Token

Posted: 07 Apr 2022 02:00 AM PDT

The launch marks 21Shares' 30th cryptocurrency ETP offered and will be cross-listed on Euronext Paris and Amsterdam

Dogecoin, Solana Traders Nurse Big Losses as Cryptos See $400M in Liquidations

Posted: 07 Apr 2022 12:53 AM PDT

Over $400 million in liquidations took place on Wednesday, the third-highest figure since January's $987 million.

Coinbase Starts Crypto Trading Services in India

Posted: 07 Apr 2022 12:47 AM PDT

The announcement was made at an event in India's tech hub Bangalore

Tom Brady’s Autograph, ESPN Launch Network’s First NFT Collection

Posted: 06 Apr 2022 05:31 PM PDT

The collection will feature images of the likely Hall of Fame quarterback and coincide with the release of a docuseries on Brady's career.

Cosmos-Based Juno Blockchain Pushed Offline in Apparent Attack

Posted: 06 Apr 2022 04:59 PM PDT

A malicious smart contract has put the network out of commission for over 24 hours and comes less than a month after a controversial governance vote.

First Mover Asia: South Korea's 'Kimchi Premium' Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty

Posted: 06 Apr 2022 03:36 PM PDT

The gap between bitcoin prices on Korean crypto exchanges compared to global counterparts has declined from 20% to about 3% over the past year; bitcoin and ether tumble.

Top Talent Is Migrating to Web 3

Posted: 06 Apr 2022 02:43 PM PDT

Chief Investment Officer of Rockaway Blockchain Fund takes an investors view on the talent wars between Web 3 and Web 2.

SEC Approves Teucrium's Bitcoin Futures ETF

Posted: 06 Apr 2022 02:30 PM PDT

The U.S. Securities and Exchange Commission has allowed NYSE Arca and Teucrium to issue a bitcoin futures exchange-traded fund.

Meta Exploring Non-Blockchain-Based Virtual Currency: Report

Posted: 06 Apr 2022 02:07 PM PDT

In addition, the company's plans for NFT features on both the Facebook and Instagram platforms continue to advance.

SenseiNode Raises $3.6M as LatAm’s First Blockchain Infrastructure Firm

Posted: 06 Apr 2022 01:44 PM PDT

The company, operational for six months, already works with 11 protocols and plans to deploy 500 nodes by the end of 2022.

Grayscale Shuffles Mixed Crypto Funds: Adds AVAX, DOT, ATOM; Drops SUSHI, SNX

Posted: 06 Apr 2022 01:35 PM PDT

The asset manager announced changes to a trio of diversified crypto funds.

Market Wrap: Altcoins Underperform as Traders Reduce Risk

Posted: 06 Apr 2022 01:27 PM PDT

Bitcoin (BTC) and other cryptos traded lower on Wednesday. Altcoins underperformed, indicating a lower appetite for risk among crypto traders. Hawkish Fed minutes contributed to losses as well.

Fed Officials Discussed Shrinking Assets by Up to $95B a Month

Posted: 06 Apr 2022 12:26 PM PDT

Members of the Federal Open Markets Committee (FOMC) said they are "well places" to start shrinking the central bank's balance sheet starting in May.

Top US Lawmaker Proposes Sweeping Stablecoin Regulation Framework

Posted: 06 Apr 2022 12:00 PM PDT

U.S. Senator Pat Toomey (R-Pa.) introduced a bill to create a three-pronged regulatory framework for stablecoins on Wednesday.

Bitcoin Extends Pullback Toward $40K-$43K Support

Posted: 06 Apr 2022 11:08 AM PDT

Bitcoin (BTC) broke below a month-long uptrend, which means sellers are in control. Pullbacks appear to be short-term within a broader recovery phase from January lows.

El Salvador President Nayib Bukele Calls Off Bitcoin 2022 Conference Appearance

Posted: 06 Apr 2022 11:04 AM PDT

Bukele had previously teased that he would be making an important announcement at this year's conference.

Waves Founder Blames Short Sellers for Its Woes. Here's Why That's a Red Flag

Posted: 06 Apr 2022 11:01 AM PDT

To longtime finance observers, blaming shorts often looks like the last desperate deflection of a project in denial about its own failures.

XRP Army Drives Bumper Sales in Ripple Stock Despite SEC Probe

Posted: 06 Apr 2022 09:57 AM PDT

Since launching two years ago, tech equity platform Linqto has sold some $50 million in private shares of Ripple Labs.

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