CoinDesk

CoinDesk


Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

Posted: 02 Jul 2022 11:43 AM PDT

As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk TPS Capital remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.

What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years

Posted: 02 Jul 2022 02:00 AM PDT

Poor macroeconomic sentiment, fears of inflation, and systemic risks from the crypto market pushed bitcoin below 2017's highs.

Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding

Posted: 01 Jul 2022 03:29 PM PDT

Beleaguered crypto firm Three Arrows Capital filed for bankruptcy late Friday.

Cosmos-Builder Ignite Cuts Headcount by More Than 50%, Ex-Employees Say

Posted: 01 Jul 2022 03:20 PM PDT

The reductions come amid a crypto market crash, and after the return of Ignite's controversial ex-CEO.

India's Day Of Reckoning With ‘Most Controversial Crypto Tax’ Is Here

Posted: 01 Jul 2022 03:09 PM PDT

It's "D" Day for India as the crypto community deals with the imposition of the most controversial tax provision today. Calculating the predicted impact of the tax will be a wait-and-watch game at a time when the global investment community is facing a slowdown.

Sam Bankman-Fried Says He’d Consider Acquiring Troubled Crypto Miners Next

Posted: 01 Jul 2022 02:45 PM PDT

The FTX CEO said helping rescue crypto miners might help mitigate the credit contagion in the crypto sector.

Meta to Shutter Novi Crypto Payments Wallet in September, Ending Libra Saga

Posted: 01 Jul 2022 02:37 PM PDT

Meta's crypto remittances project Novi emerged after the Libra stablecoin project rebranded.

Market Wrap: Bitcoin Suffers Its Worst Month Since 2011

Posted: 01 Jul 2022 02:05 PM PDT

BTC slips below $19K in fifth straight daily price decline. Stocks headed for their worst first half since the 1970s as a consumer-spending slowdown stokes fresh recession concerns.

Web3 Needs In-Person Gatherings

Posted: 01 Jul 2022 02:03 PM PDT

La mitad de los latinoamericanos ha utilizado criptomonedas, según encuesta de Mastercard

Posted: 01 Jul 2022 01:21 PM PDT

El 51% de los consumidores de América Latina ha realizado al menos una transacción con criptomonedas.

The Crypto CEO Who Doesn't Want the Job

Posted: 01 Jul 2022 12:36 PM PDT

TK

Voyager Digital Temporarily Suspends All Trading, Withdrawals and Deposits

Posted: 01 Jul 2022 12:29 PM PDT

Shares of the troubled digital broker were down more than 17% on Friday.

Bitcoin termina un junio fatídico con su caída más grande de los últimos 11 años

Posted: 01 Jul 2022 12:03 PM PDT

Los mercados cripto experimentaron grandes pérdidas con los inversores cada vez más preocupados por la alta inflación y los aumentos de las tasas de la Reserva Federal de EE. UU. Algunos analistas dicen que el precio de bitcoin podría bajar aún más.

Custodia Bank's CEO Says Bad Actors and Regulators Caused Crypto Crash

Posted: 01 Jul 2022 11:44 AM PDT

Caitlin Long said bankruptcies were inevitable the moment bitcoin "started being leveraged, rehypothecated, or financialized with debt."

Half of Latin Americans Have Used Cryptocurrencies, Mastercard Survey Shows

Posted: 01 Jul 2022 11:33 AM PDT

Fifty-one percent of consumers in Latin America made at least one transaction with cryptocurrencies.

Future of Work: The Digital Fashionista

Posted: 01 Jul 2022 11:32 AM PDT

Grayscale 'GBTC Discount' Widens After SEC Bitcoin ETF Rejection

Posted: 01 Jul 2022 11:31 AM PDT

The discount between the share price of the Grayscale Bitcoin Trust and the equivalent value of its underlying bitcoin has widened to 31% from 28.4% on Thursday – a sign of waning optimism after the SEC rejected a proposal to convert the investment vehicle into an exchange-traded fund.

FTX US Gains 'Option to Acquire' BlockFi for Up to $240M

Posted: 01 Jul 2022 11:16 AM PDT

The crypto lender said client funds will not be impacted.

So You Want to Be a Bitcoin Developer?

Posted: 01 Jul 2022 11:16 AM PDT

Brink co-founder Mike Schmidt and Bitcoin Core developer Larry Ruane discuss the ins and outs of funding Bitcoin research and development. This post is part of CoinDesk's Future of Work Week.

Good Time to Buy Crypto Mining Stocks, Says DA Davidson as It Slashes Hashrate Forecasts

Posted: 01 Jul 2022 11:00 AM PDT

There's now major upside to crypto mining stocks, even with significantly lowered earnings and hashrate projections.

Register by July 7 to Join CoinDesk's Hackathon With CRADL and HackerEarth

Posted: 01 Jul 2022 10:53 AM PDT

From One to Zero: BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance

Posted: 01 Jul 2022 10:44 AM PDT

Peter Thiel's monopolistic theories about building companies have clearly hit their limit: banking.

El Salvador compra 80 bitcoins adicionales a $19K cada uno, según el presidente Bukele

Posted: 01 Jul 2022 10:27 AM PDT

La última compra por parte del país centroamericano había sido en mayo.

Brutal Month for Bitcoin as June Ends With Biggest Drop in 11 Years

Posted: 01 Jul 2022 09:56 AM PDT

Crypto markets saw heavy losses with investors increasingly worried about high inflation and Federal Reserve rate increases. Some analysts say the bitcoin price could go even lower.

Ignite CEO Peng Zhong Announces Departure Shortly After Re-Organization

Posted: 01 Jul 2022 09:24 AM PDT

Zhong's exit comes weeks after the company's former CEO Jae Kwon announced that he was re-joining the company as the CEO of Ignite spin-off "New Tendermint."

DAOs Are the New Way of Impact Work

Posted: 01 Jul 2022 09:11 AM PDT

"Impact DAOs" are at the forefront of a new culture of work that asks us to move towards aligning our values with our actions, says the co-founder of Gitcoin.

Crypto World Is Cautious of Finer Details In EU's MiCA Law

Posted: 01 Jul 2022 08:55 AM PDT

Web3 experts are cautiously welcoming the first major jurisdiction's attempt to regulate crypto – but first they must resolve the MiCA law's paradoxes – like when is a non-fungible token fungible?

Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources

Posted: 01 Jul 2022 08:36 AM PDT

Babel is in the process of signing an engagement letter with the investment banking firm, a source said.

Meta comienza las pruebas de integración de NFTs en Facebook

Posted: 01 Jul 2022 08:29 AM PDT

Las pruebas de NFTs en Facebook siguen a una serie de integraciones piloto en Instagram que sucedieron en mayo.

Hxro Begins Testing Crypto Derivatives Trading Platform on Solana

Posted: 01 Jul 2022 07:55 AM PDT

Susquehanna-backed Hxro is using dummy tokens as collateral to stress test its derivatives marketplace on Solana mainnet.

LTCM and Other History Lessons for Crypto

Posted: 01 Jul 2022 07:48 AM PDT

From Long-Term Capital Management to the 2008 financial crisis, crypto's recent woes have echoes in the past, says CoinDesk's chief content officer.

Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns

Posted: 01 Jul 2022 07:34 AM PDT

Stablecoin issuer Tether has cut its commercial paper holdings to $8.5 billion, with a further reduction to $3.5 billion planned for the end of the month.

Futuros de bitcoin y ether acumulan casi $200M en liquidaciones por estrangulamiento de posiciones cortas

Posted: 01 Jul 2022 07:33 AM PDT

La volatilidad de los precios resurgió a medida que se renovaron los signos de recesión inminentes entre los inversores, dijo un analista.

Why Brands Should Adopt a ‘Hybrid DAO’ Model

Posted: 01 Jul 2022 06:44 AM PDT

Crypto allows brands to give customers a voice, leading to stronger communities and products.

Two Polygon, Fantom Front Ends Hit by DNS Attack

Posted: 01 Jul 2022 06:36 AM PDT

Two gateways provided by Ankr were exploited this morning.

First Mover Americas: It’s Ugly in Crypto With $200M of Margin Calls, Founders Selling Homes and Comparisons to 2008

Posted: 01 Jul 2022 06:34 AM PDT

The latest price moves in bitcoin ($BTC) and crypto markets in context, for July 1, 2022.

Meta Begins Testing NFT Integration on Facebook

Posted: 01 Jul 2022 05:45 AM PDT

Social media giant Meta has started testing NFT integrations with a selected group of creators in the United States.

Ledn Makes Competing Bid for Troubled Crypto Lender BlockFi: Report

Posted: 01 Jul 2022 05:00 AM PDT

BlockFi has been approached by a party that includes fellow crypto lender Ledn in addition to its buyout offer of $25 million from FTX, Bloomberg reported Friday.

Finblox Raises Withdrawal Limit, Explores Legal Action Against Three Arrows Capital

Posted: 01 Jul 2022 04:38 AM PDT

Cryptocurrency staking and yield generation platform Finblox increased a $1,500 cap on withdrawals as it deals with the fallout from its exposure to Three Arrow Capital.

Bank of America Customers’ Crypto Activity Slowed as Market Slid

Posted: 01 Jul 2022 04:22 AM PDT

The number of active crypto users among Bank of America (BAC) customers slumped more than 50% to fewer than 500,000 between November and May.

Celsius Shareholder BnkToTheFuture Proposes Bitcoin Investments, Restructuring in Rescue Bid

Posted: 01 Jul 2022 04:19 AM PDT

Community investing protocol BnkToTheFuture put forth three proposals in a bid to save Celsius from going under.

Three Arrows Capital's Su Zhu Looks to Sell $35M Singapore House

Posted: 01 Jul 2022 03:58 AM PDT

Zhu and his wife purchased the property in December 2021 for SGD 48.8 million ($35 million). Now they are selling it in what analysts are calling a slowing market.

Bitcoin, Ether Futures Rack up Nearly $200M in Liquidations on Short Squeeze

Posted: 01 Jul 2022 03:47 AM PDT

Price volatility arose as signs of looming recessions were renewed among investors, one analyst said.

Blockchain.com, Deribit Among Creditors That Pushed for 3AC Liquidation: Report

Posted: 01 Jul 2022 02:00 AM PDT

Crypto exchanges Blockchain.com and Deribit were among the creditors to have pushed for the liquidation of troubled hedge fund Three Arrows Capital (3AC), Bloomberg reported Friday.

El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says

Posted: 30 Jun 2022 06:41 PM PDT

The last purchase by the Central American country had been in May.

VanEck Files New Application for Spot Bitcoin ETF

Posted: 30 Jun 2022 06:08 PM PDT

The application comes about eight months after the SEC rejected the investment firm's last application.

First Mover Asia: Speculating on Tokenized Carbon Offsets Won't Help Climate Crisis, Says Consultant; BTC Falls Under $19K Amid Wider Crypto Woes

Posted: 30 Jun 2022 04:17 PM PDT

Crypto Lender Celsius Network Exploring Options to ‘Preserve and Protect’ Assets

Posted: 30 Jun 2022 03:19 PM PDT

Celsius Network is consulting with experts to try to reduce the fallout from its mid-June swoon.

Vitalik's Mom Offers Advice on How to Make It in Crypto

Posted: 30 Jun 2022 03:01 PM PDT

Do Rate Hikes Matter? Bitcoin Traders Learn How Fed Moves Markets in Twitter Era

Posted: 30 Jun 2022 02:26 PM PDT

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