CoinDesk

CoinDesk


First Mover Americas: BTC Struggles to Hold $20.5K and Twitter Shares Dip 6%

Posted: 11 Jul 2022 06:53 AM PDT

The latest price moves in bitcoin ($BTC) and crypto markets in context, for July 8, 2022.

Binance Failed to Deliver on Money-Laundering Prevention Promises: Report

Posted: 11 Jul 2022 06:44 AM PDT

The world's largest crypto exchange by value traded has been loose on its prevention of money laundering, Reuters reported.

BIS Calls for Global Collaboration With CBDC Designs

Posted: 11 Jul 2022 06:26 AM PDT

The Basel-based group on Monday released a joint report in collaboration with the IMF and World Bank.

International Securities Regulator IOSCO to Focus on Global DeFi, Crypto Rules

Posted: 11 Jul 2022 06:00 AM PDT

The global standard-setter IOSCO's new fintech task force will focus on setting up policy recommendations for digital assets to be published in 2023.

Cross-Chain Infrastructure Protocol LI.FI Raises $5.5M

Posted: 11 Jul 2022 06:00 AM PDT

The funding will fuel ecosystem growth for the aggregator of cross-chain bridges and decentralized exchanges.

KuCoin Denies Layoff Rumors, Says It's Hiring 300

Posted: 11 Jul 2022 05:25 AM PDT

"We are continuing to do everything to increase the productivity and motivation of our employees," CEO Johnny Lyu said.

CoinFlex Begins Arbitration to Recover $84M in Delinquent Debt

Posted: 11 Jul 2022 05:13 AM PDT

The company said it was speaking with depositors looking to help the business by "rolling some of their deposits into equity."

Global Financial Watchdog FSB to Propose Crypto Regulations in October

Posted: 11 Jul 2022 03:39 AM PDT

The Financial Stability Board plans to produce recommendations for the regulation of stablecoins and other crypto assets to the intergovernmental forum, G-20.

Twitter Shares Down 7% Following Elon Musk's Scrapped Takeover

Posted: 11 Jul 2022 03:22 AM PDT

Twitter (TWTR) shares were down 6.6% in pre-market trading following Elon Musk's decision to scrap his planned $42 billion takeover of the social media platform.

Terra Projects Begin Moving to Polygon 2 Months After UST Debacle

Posted: 11 Jul 2022 02:54 AM PDT

Over $20 million have been earmarked to help projects making the move.

Bitcoin in 'Accumulation' Phase, Onchain Indicators Suggest

Posted: 11 Jul 2022 02:23 AM PDT

Bitcoin's Puell Multiple and MVRV Z-Score indicate the cryptocurrency is undervalued. Similar readings have marked bear market bottoms in the past.

ING Bank Spins Off Its Cryptocurrency Custody Platform to GMEX Group

Posted: 11 Jul 2022 12:24 AM PDT

Netherlands-based ING Bank has spun out Pyctor, its cryptocurrency custody and post-trade infrastructure platform.

Three Arrows Creditors Get Emergency Hearing As Founders Fail to 'Cooperate'

Posted: 10 Jul 2022 09:27 PM PDT

Three Arrows Capital's Su Zhu and Kyle Davies are said not to be cooperating as fears mount that the fund's remaining assets could be "transferred or otherwise disposed of" before creditors get their share.

First Mover Asia: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA's Incoming CEO

Posted: 10 Jul 2022 05:28 PM PDT

Bitcoin slides for third day, heads back down toward $20K.

Crypto Is Trying Out Traditional Finance’s Failures in Hyperspeed, but It’s Going to Be Fine

Posted: 10 Jul 2022 07:50 AM PDT

What is going to be most interesting here is seeing what happens to bitcoin and other cryptos during these Hard Times.

Musk Scraps $42B Deal to Buy Twitter, Prompting Board to Threaten Suit

Posted: 08 Jul 2022 03:37 PM PDT

El volumen de Binance se dispara tras la eliminación de comisiones para comerciar cripto

Posted: 08 Jul 2022 02:22 PM PDT

Como resultado, su CEO Changpeng Zhao dijo que el exchange hará unos ajustes "por un tiempo" para "eliminar cualquier incentivo de wash trade".

Market Wrap: Bitcoin Gains for Third Consecutive Day as Binance Launches Zero Trading Fees

Posted: 08 Jul 2022 01:42 PM PDT

BTC recovered from an early dip below $20,000 to regain its perch above the psychologically important threshold.

Bitcoin Will Make a Comeback, Rockefeller International Chairman Says

Posted: 08 Jul 2022 01:15 PM PDT

"We need the excesses to get weeded out," Ruchir Sharma told CoinDesk TV.

Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

Posted: 08 Jul 2022 01:10 PM PDT

The troubled crypto lender Celsius paid down a $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. A day earlier, Celsius used a debt-paydown to reclaim collateral on the Maker protocol.

Vicepresidenta de la Fed no está a gusto con lo que ve en el ecosistema cripto

Posted: 08 Jul 2022 12:35 PM PDT

Lael Brainard argumentó que se necesita una regulación agresiva para el sector antes de que las cosas se salgan de control.

Binance Volume Surges After Zero Trading Fee Policy Goes Live

Posted: 08 Jul 2022 11:50 AM PDT

The spike forced Binance to quickly announce that the 13 zero-fee spot pairs will not factor into VIP volume calculations.

Decentralization's Failed Promise in Iran

Posted: 08 Jul 2022 11:01 AM PDT

While exchanges are abiding by fiat's monetary rules in countries like Iran, it is dishonest to call Bitcoin decentralized money, says a journalist based in that country.

Celsius Looks Sloppy in New Lawsuit, but So Does the DeFi Legend Suing It

Posted: 08 Jul 2022 10:23 AM PDT

While underscoring Celsius's disregard for risk and weak controls, KeyFi's lawsuit also casts new, unflattering light on the crypto whale known as @0x_b1.

Three Arrows Wanted a $100M NFT Collection. Instead, It’s Worth Less Than $5M

Posted: 08 Jul 2022 09:18 AM PDT

Three Arrows Capital had dreams of institutional interest in NFTs. But as the firm declares bankruptcy, its NFT collection is worth a paltry sum.

US Fed Vice Chairwoman Brainard Doesn’t Like What She’s Seeing in Crypto

Posted: 08 Jul 2022 08:47 AM PDT

One of the top officials at the U.S. Federal Reserve, Vice Chair Lael Brainard, made it abundantly clear that the central bank – which is also a powerful financial watchdog – is paying careful attention to the flaws showing up as the crypto sector founders.

XRP lidera la recuperación cripto mientras legisladores de la Fed buscan aumentar las tasas

Posted: 08 Jul 2022 08:42 AM PDT

Dos legisladores estadounidenses respaldaron un aumento en las tasas de interés para combatir el crecimiento de la inflación, incluso aunque implique una desaceleración del crecimiento.

Need a Use Case for Decentralization? Start With Energy

Posted: 08 Jul 2022 08:22 AM PDT

Amid the bear market, the crypto/blockchain industry needs to demonstrate socially-useful use-cases. The dysfunctional energy system is a good place to make a mark, says CoinDesk's chief content officer.

Crypto Exchange Blockchain.com Faces $270M Hit on Loans to Three Arrows Capital

Posted: 08 Jul 2022 07:18 AM PDT

Cryptocurrency exchange Blockchain.com stands to lose $270 million from lending to Three Arrows Capital, the over-leveraged hedge fund that is now the subject of a liquidation order in the British Virgin Islands.

First Mover Americas: Bitcoin’s Bear Cross Is Bullish and a Big June Jobs Beat

Posted: 08 Jul 2022 06:44 AM PDT

The latest price moves in bitcoin ($BTC) and crypto markets in context, for July 8, 2022.

Bitcoin: la “cruz bajista” aumenta una perspectiva de resurgimiento alcista

Posted: 08 Jul 2022 06:32 AM PDT

Un indicador bajista sugiere el final del declive del mercado y un pronto renacimiento del mercado alcista.

Unpacking the Latest Bitcoin ETF Rejections

Posted: 08 Jul 2022 06:30 AM PDT

The U.S. Securities and Exchange Commission rejected more spot bitcoin exchange-traded fund applications. It's worth unpacking the agency's reasoning, even as new applications are filed.

US Job Growth Remains Historically Strong, Exceeding Economists' Expectations

Posted: 08 Jul 2022 05:49 AM PDT

U.S. employers added TK jobs in June.

Aave Proposes Decentralized, Yield-Generating Stablecoin GHO

Posted: 08 Jul 2022 05:20 AM PDT

The US dollar-pegged algorithmic stablecoin will be minted by users and generate interest yields.

India's Law Enforcement Agency Probes Crypto Exchanges for Forex Violations

Posted: 08 Jul 2022 05:06 AM PDT

The government agency has summoned cryptocurrency exchanges under the the Foreign Exchange Management Act 1999.

XRP Leads Recovery Among Major Cryptocurrencies; Fed Policymakers Back 75 Basis Point Hike

Posted: 08 Jul 2022 04:45 AM PDT

Two policymakers backed higher rate increases to beat price pressures even if it meant slowing growth.

Binance Secures Registration in Spain Through Its Moon Tech Subsidiary

Posted: 08 Jul 2022 04:01 AM PDT

Crypto exchange Binance's Spanish subsidiary, Moon Tech Spain, has been granted registration as a virtual asset services provider (VASP) by the country's central bank.

Crypto Mining Stocks Bounce Amid Bitcoin Recovery

Posted: 08 Jul 2022 03:42 AM PDT

Investors are likely feeling comfortable as bitcoin has stabilized over the past few days.

GameStop CFO Fired Amid Cost-Cutting Drive

Posted: 08 Jul 2022 03:41 AM PDT

GameStop (GME)'s chief financial officer (CFO) Mike Recupero has departed the video game retailer as part of a cost-cutting drive following a hiring spree in the last 18 months.

Former Japanese Prime Minister Abe Shot Dead During Campaign Speech

Posted: 08 Jul 2022 03:27 AM PDT

Abe was the longest-serving prime minister in Japanese history.

Why Ethereum Name Service Is Seeing a Spike in Domain Registrations

Posted: 08 Jul 2022 03:13 AM PDT

The registrations follow a record-breaking ENS sale, one research firm pointed out.

Swiss Cybersecurity Firm WISeKey Ends Share Buyback Program

Posted: 08 Jul 2022 02:26 AM PDT

Cybersecurity firm WISeKey has ended a share buyback program it commenced in July 2019 having repurchased over 1 million shares for around 1.47 million Swiss francs ($1.5 million).

Bitcoin 'Bear Cross' Raises Outlook for Bull Revival

Posted: 08 Jul 2022 01:42 AM PDT

A bearish but historically contrary indicator suggests an end of the market decline and a bullish revival ahead.

Hong Kong Regulator Ashley Alder to Head UK Financial Supervisor

Posted: 08 Jul 2022 12:44 AM PDT

Alder leaves a legacy in Hong Kong of mixed crypto regulations that saw FTX depart and retail investors largely excluded.

First Mover Asia: Three Arrows Capital Court Order Reveals Interesting Details; Bitcoin Soars Past $21.5K

Posted: 07 Jul 2022 04:43 PM PDT

Bitcoin Core Developer Pieter Wuille Scales Back His Maintenance Role

Posted: 07 Jul 2022 03:47 PM PDT

Peter Wuille has surrendered his maintenance permissions but will continue contributing to various Bitcoin projects.

Celsius Accused of Fraud in Lawsuit by Ex-Employee

Posted: 07 Jul 2022 03:43 PM PDT

The roughed-up crypto lender froze withdrawals last month and later said it was exploring restructuring options.

Marathon Digital Continues to Hodl All Bitcoin but Hints at Strategy Change

Posted: 07 Jul 2022 03:05 PM PDT

Marathon bought $150 million of bitcoin with a NYDIG fund in January of 2021.

Compass Mining Cuts 15% of Staff, Lowers Executive Compensation

Posted: 07 Jul 2022 02:59 PM PDT

Compass Mining is reassessing its priorities after growing too quickly, the company said in a statement.

Celsius Sends $500M of Bitcoin Derivative to Crypto Exchange After Debt Payoff

Posted: 07 Jul 2022 01:58 PM PDT

The move comes just after the crypto lender reclaimed 22,000 WBTC as collateral of its loan on DeFi lending protocol Maker, blockchain data shows.

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