Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M

Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bond

NEW YORK — Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges tied to creating and marketing the privacy-focused bitcoin wallet application and mixing service in a Manhattan courtroom on Monday.

As Wasabi Wallet and Phoenix Leave the U.S., What’s Next for Non-Custodial Crypto?

Following DOJ action against Samourai Wallet and a possible Metamask investigation, Wasabi Wallet and Phoenix are closing their U.S. offerings. Is non-custodial crypto under threat?

Press Briefing With ChinaAMC Executive Ahead of Tuesday Launch of Hong Kong Spot Bitcoin and Ether ETFs

Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC.

EigenLayer, After Touching Off Restaking Frenzy, Plans Own EIGEN token

Some 45% of the EIGEN token supply will go towards the EigenLayer community, while investors will be allocated 29.5% of the token supply, and 25.5% will go towards early contributors.

The Changing Face of Risk in DeFi

The biggest risk factors in the new era of decentralized finance may be economic, not technical, says Jesus Rodriguez, CEO of IntoTheBlock.

Binance's CZ Will Spend Less Than a Year in Prison, Polymarket Traders Bet

Also, the CFTC wants to bar Americans from betting on elections – even though it's already illegal in most U.S. states.

We Must Protect Crypto-AI From Financial Nihilism

Financial nihilism is a common philosophy in Web3 but, ultimately, there’s no way to build long-lasting value without finding real customers for real products and services that solve actual problems, says Lex Sokolin.

Stablecoin Legislation Must Respect the Dual-Banking System

The Lummis-Gillibrand stablecoin bill subordinates state regulation to federal control, giving Washington too much power as to which entities can issue these important digital assets, say Jack Solowey and Jennifer J. Schulp at the Cato Institute.

Why the DOJ May Have Recommended a Three-Year Sentence for CZ

Former Binance CEO Changpeng "CZ" Zhao now faces the genuine possibility that he'll spend three years in federal prison in the U.S. – well above the possible 18 months laid out in his plea agreement.

First Mover Americas: Bitcoin, Ether Sink Amid U.S. Stagflation Fears

The latest price moves in bitcoin (BTC) and crypto markets in context for April 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Tether Buys $200M Majority Stake in Brain-Computer Interface Company Blackrock Neurotech

The investment will fund the roll-out and commercialization of the company's medical devices.

Crypto Banking Firm BCB Group Secures Digital Asset and Electronic Money License in France

CZ Sentencing Letters Paint Former Binance CEO as Devoted Family Man, Friend

More than 160 of Changpeng “CZ” Zhao’s loved ones, friends and colleagues have written to a Washington judge ahead of the Binance founder and former CEO’s sentencing tomorrow, asking for leniency and painting a picture of Zhao as a devoted father and friend, and a “geeky” tech nerd who shuns luxury purchases despite his immense personal wealth.

Bitcoin Trades At Slight Premium in Yen Terms Amid Suspected BOJ Intervention

The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention.

Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein

Investment platforms will take some time to establish the necessary compliance framework to sell bitcoin ETF products, the report said.

Wasabi Wallet-Developer Blocks U.S. Citizens and Residents After Samourai Wallet Arrests

U.S citizens residing abroad are also banned from using the service

Chart Veteran Who Predicted Bitcoin’s 2018 Collapse Says the Bull Market May Be Over

Brandt's latest view is based on a statistics concept called "exponential decay."

South Africa’s Election Won’t Interfere With Crypto Policy: Industry Watchers

South Africa's upcoming election isn't expected to derail the country's agenda for digital assets, several members of the crypto community told CoinDesk.

Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg

The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, is expected to approve the first spot-Bitcoin {BTC} exchange traded funds (ETFs) before the end of 2024, Bloomberg has reported, citing people familiar with the matter.

Mango Markets Exploiter Charged with Possession of Child Pornography

FBI Computer Analysis and Response Team agents first found the material during a search of Eisenberg's devices in January 2023

Here’s How EU Nations Are Preparing to Enforce MiCA

With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.

Bitcoin, Ether Nurse Losses as U.S. Stagflation Fears Grip Market

The crypto market is balancing the threat of stagflation against a liquidity injection from the Treasury General Account (TGA), and the launch of Hong Kong's bitcoin ETFs.

Japan's Embrace of Web3 Uncertain as Ruling Party Under Threat

Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September.

DOJ Disputes Roman Storm's Characterization of Tornado Cash Operations in New Filing

The U.S. Department of Justice rebuffed Roman Storm's motion to dismiss criminal charges against him late Friday.

Bitcoin Chops Around $64K, With Japanese Yen's Tumble Maybe Signaling 'Currency Turmoil,' Analyst Says

The yen's volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview.

Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge

Lawyer-turned-politician John Deaton further reinforced his credentials as an outspoken crypto ally on Friday, filing a friend-of-the-court brief in Coinbase Inc.'s (COIN) effort to get a higher U.S. court to rule on a central question about when a digital token qualifies as a security.

NEAR and SHIB Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

Custodia Bank Appeals Court Loss in Fed Master Account Lawsuit

Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve's rejection of its bid for a master account and membership.

Warren Flags Crypto Ties to Child Sexual Abuse in Letter to DOJ, Homeland Security

Leading crypto critic U.S. Sen. Elizabeth Warren (D-Mass.) has asked U.S. Attorney General Merrick Garland what tools the federal government needs to crack down on the use of digital assets to perpetrate child sexual exploitation, according to a letter she sent to the top U.S. law-enforcement official.

DePIN for the Win: Spreading the Benefits of the Gig Economy

Community protocol networks that coordinate hardware-based services with tokens promise an upgrade in efficiency and fairness, says Ivo Entchev, a partner at Youbi Capital.

First Mover Americas: Bitcoin Holds Stable as ETF Outflows Increase

The latest price moves in bitcoin (BTC) and crypto markets in context for April 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin-Linked Stablecoin Firm OpenDelta Raises $2.5M

The startup is one of the first to build tokenized tech for Bitcoin's Runes era.

Consensys, a Target for the SEC’s Assault on ETH, Is Fighting Back

EU Parliament Adopts Anti-Money Laundering Rules Package, Also Policing Crypto

The new laws set up "enhanced" due diligence and customer checks for crypto firms.

ARK Sells Last of Its ProShares Bitcoin Futures ETF Shares

The investment firm sold 237,983 BITO shares worth $6.7 million at Thursday's closing price of $28.22 from its Next Generation Internet ETF (ARKW).

Ex-Head of China's Digital Yuan Effort Facing Government Probe: Report

Yao Qian is reportedly being investigated for "violations of discipline and law."

Bitcoin Stable Above $64K While ETF Outflows Hit $200M

BTC Stable Above $64K While ETF Outflows Hit $200 Million

UK Law Enforcement Agencies Can Now Seize Crypto More Easily as New Rules Take Effect

New powers that will help law enforcement agencies seize crypto used for crime came into effect on Friday, the U.K Home Office said in a press release.

Stripe Brings Back Crypto Payments Via USDC Stablecoin

Six years after dropping support for bitcoin and, thus, crypto payments altogether, Stripe is bringing back the service later this summer, though initially only for Circle’s USDC stablecoin.

Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum

Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator.

Franklin Templeton Upgrades $380M Tokenized Treasury Fund to Enable Peer-to-Peer Transfers

The feature helps to expand the utility of the Franklin OnChain U.S. Government Money Fund's BENJI token and make it more interconnected with the digital asset ecosystem.

Kara Swisher Downplays Crypto's Significance: 'It's Not the Center of Everything'

The author of "Burn Book" says while crypto is important, it's not the center of everything.

Bitcoin Mining Pool ViaBTC Sells 'Epic' First Post-Halving Sat for $2.13M

The pool mined the first block after last week's halving, winning an "epic" sat in the process.

Crypto for Advisors: The Professionalization of Crypto

The professionalization of crypto is here, whether it’s tokenized securities, crypto-forward financial products from the world’s largest asset managers or platforms that help financial advisors access this new market directly.

Samourai Wallet Charges Raise Existential Questions for Privacy Tech

Co-founders Keonne Rodriguez and William Lonergan Hill are charged with money laundering related to the privacy-protecting wallet.

Movement Labs Raises $38M for Rollup Based on Facebook's Move Language

Movement's 21 and 24-year-old co-founders say they are on a mission to "make blockchain security sexy" with the launch of their L2.

Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report

Increasing concerns about sticky inflation hit risk assets across all markets including cryptos.

The FTC’s Non-Compete Ban Is Good for the Crypto Industry

Employment contracts that stop free movement of labor conflict with an innovative industry’s open-source ethos, says Linda Jeng, CEO of Digital Self Labs, a Web3 advisory firm.