Coinbase Successfully Registers With Spain's Central Bank

The firm has registered as a crypto exchange and custody wallet provider.

Australian Man Who Spent $6.7M Erroneous Crypto.com Refund Faces Theft Charges, Guardian Reports

Jatinder Singh and his partner bought four houses, cars, artwork and other luxurious items with money they received due to an accounting error by Crypto.com, according to the Guardian.

How Much Does the First Mover Advantage Matter for Crypto Staking?

Crypto Exchange HTX Lost $8M of Ether Due to a Hack, Justin Sun Says

HTX, formerly Huobi, has been hacked with the total loss totaling 500 ether (ETH) worth around $8 million, according to HTX advisor and Tron founder Justin Sun.

Digital Euro at Least 2 Years Away, ECB’s Lagarde Says

The central banker said she wanted to address “conspiracy theories” about government snooping

We Need to Reclaim the Narrative on Staking

Alison Mangiero, executive director the Proof of Stake Alliance (POSA), says confusion around the term “staking” has led to greater regulatory scrutiny.

Indian Crypto Investment Platform Mudrex Expands to Italy

Mudrex successfully registered with Italy's Organismo Agenti e Mediatori (OAM), a mandatory step for crypto firms, on Sept. 1, according to the CEO.

Staking Brings Decentralization Back to DeFi

First Mover Americas: Aptos Rallies While Major Cryptos Trade Lower

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

MicroStrategy Bought 5,445 Bitcoin for $150M Since August

The software ompany now holds nearly $4.68 billion worth of the largest cryptocurrency by market capitalization.

How to Stake: 7 Strategies When Starting Out

It’s easy to get carried away with staking on PoS networks like Ethereum. But in the long-term, it pays to be cautious. Pick underlying projects with good prospects, don’t over-leverage, and, above all, embrace boredom over quick thrills, says Jeff Wilser.

The State of Staking: 5 Takeaways a Year After Ethereum's Merge

Ethereum’s switch to proof-of-stake fixed some problems, like environmental damage linked to PoW mining. But it raised new issues, including worries about centralization, MEV and censorship, say Margaux Nijkerk and Sam Kessler.

Sam Bankman-Fried (Probably) Won’t Get a 115-Year Prison Sentence

If he’s convicted of wire fraud and/or conspiracy charges, FTX founder Sam Bankman-Fried will probably spend quite a bit of time behind bars. But there’s a good chance the 31-year-old won’t spend the rest of his life in prison.

Crypto Traders Brace for Nearly $5B Bitcoin and Ether Options Expiry

Options are derivatives that give the purchaser the right to buy or sell the underlying at a pre-determined price at a later date. Quarterly options settlements are closely watched by traders.

Terra Classic Community Votes to Stop USTC Minting as Revival Efforts Continue

TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted.

Crypto Traders Lean Bearish as Bitcoin Hovers Above $26K; DOGE, XRP Dip Most Among Majors

While bitcoin is currently in a consolidation period, an analysis of past cycles suggests that gains can be expected after 2024’s halving event, one data firm said.

Bitcoin and S&P 500 Eye Quarterly Loss as Bonds Look Most Attractive Since 2009

Relative attractiveness of bonds means less incentive to invest in bitcoin. The leading cryptocurrency is considered a zero-yielding risk asset, by some observers.

Hong Kong to Disclose All Crypto License Applicants After JPEX Probe

Securities and Futures Commission says decision was made in light of public demand

Arbitrum Treasury Richer by $59M as Users Miss Claims Deadline

Users had nearly six months to claim the tokens after an airdrop in March.

Mixin Network Losses Nearly $200M in Hack

Mixin Network is a protocol designed to address blockchain scalability issues – at the expense of having a centralized database.

Counterfeit Aptos Token Deposited on Upbit Leads to APT Withdrawals Being Temporarily Suspended

Exchange has resumed operations, but many are left wondering how such an issue will be prevented.

Coinbase Has Recently Held Talks to Buy FTX Europe: Fortune

Bitcoin Holding Above $26K Is ‘Remarkable’ as Equities Take a Hit. What’s Next for BTC’s Price?

The 200-week and 200-day moving averages converge at $27,800, acting as an obstacle to further BTC price gains.

Americans (Seemingly) Aren't Allowed to Put This Economic Theory to the Test

Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low

ETH has given up its deflationary status as network fees are falling, putting pressure on the price of the second largest cryptocurrency.

Google Cloud Pushes Deeper Into Blockchain Data, Adding 11 Networks Including Polygon

Google’s cloud-computing business has stored historical data on Bitcoin since 2018, claiming the service provides faster access than can be obtained directly from the blockchain.

AI Should Be Decentralized, but How?

The case for greater transparency and verifiability in AI. But is decentralization the best way to achieve that and is feasible in practice? Jesus Rodriquez says the technical challenges are tremendous.

Web3 Adventure Game Big Time Poised to Kickoff Its ‘Player-Owned Economy’

During the last year of beta testing, the crypto and NFT-focused game’s community has grown to over 350,000 people on Discord and over a quarter million on X (formerly Twitter).

CFTC Denies Kalshi’s Plan to Let Users Bet on Control of U.S. Congress

Regulators said the plans weren't in the public interest, after a court squabble involving rival service PredictIt

European Crypto Asset Manager CoinShares to Enter U.S. Hedge Fund Fray

CEO Jean-Marie Mognetti described the move as "a natural progression", given the "changing macro environment prominently marked by interest rates and inflation."

First Mover Americas: Bitcoin Vapid; Toncoin Leads Weekly Gains

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Sam Bankman-Fried Sort of Had a Rough Day

Yesterday was arguably not a great day for Sam Bankman-Fried. First, the judge overseeing his case rejected all seven of his proposed expert witnesses*, questioning at least one’s qualifications and saying some others really wouldn’t be relevant to the case.

Dogecoin Beats Bitcoin in Price Stability Amid Crypto Trading Lull

DOGE's new-found stability reflects a lack of investor interest in trading alternative cryptocurrencies.

Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making It a Real Thing

A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity.

FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million

The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million.

Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M

Bitcoin miner Core Scientific (CORZQ) has agreed to exchange $23.1 million in cash and $53.9 million in common stock for 27,000 Bitmain S19J XP 151 TH bitcoin mining servers, according to a press release.

Ethereum’s Shanghai Upgrade Has Been ‘Disappointing,’ JPMorgan Says

Daily transactions, daily active addresses and total value locked on the blockchain have all fallen since the upgrade, the report said.

Japanese Exchange GMO to Offer XRP Users Yen for Delayed Songbird Airdrop

The handouts are part of a token airdrop whose snapshot took place in 2020.

Binance, U.S. Affiliate, Changpeng 'CZ' Zhao File to Dismiss SEC Lawsuit

Binance, Binance.US and Changpeng Zhao filed to dismiss a Securities and Exchange Commission (SEC) lawsuit Thursday, claiming the regulator hadn't "plausibly alleged" various securities-related violations.

Vote if You Want, but Remember 'Cypherpunks Write Code'

Sam Bankman-Fried Will Remain in Jail Through the Start of His Trial

An appeals court rejected his attorneys’ attempt to free him in the run-up to the trial.

A $27M Crypto Loss Reveals a Toxic Mix of Money-Hungry Traders and DAO Idealists

It wasn't only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just wanted their share of the project's treasury.

Bitcoin Slides to $26.5K Amid Surging U.S. Dollar; Record-High Rates Are ‘Nightmare’ for Crypto Firms

BTC slid to $26,500 as interest rates and the U.S. dollar surged while equities declined.

Judge Blocks Sam Bankman-Fried's Proposed Witnesses From Testifying

Judge Lewis Kaplan, who's overseeing Sam Bankman-Fried's trial, granted the U.S. Department of Justice's motion to block all of the FTX founder's proposed witnesses from testifying at his trial next month.

NFTs Aren’t Dead Just Yet (But the MSM Might Be)

The success of a recent post from Rolling Stone calling NFTs worthless struck a nerve. But the reality is more complicated and more hopeful.

‘You Can Do Nothing’: Crypto Trading Titans Are Yelling at Each Other on Elon Musk’s X

“I never thought that you could be THAT scared of us,” DWF’s Andrei Grachev posted on X. Wintermute’s Evgeny Gaevoy: “We are trembling in your presence.”

Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress

Former U.S. Sen. Pat Toomey, who tried and failed to push his own crypto legislation through Congress before leaving at the start of the year, can’t see how the current Senate will have any better luck, despite recent progress in the House of Representatives.

Polygon Emerges as Suitor for Celo’s New Layer-2 Blockchain, Competing With OP Stack

Celo, which is ditching its standalone blockchain in favor of a new "layer-2" network atop Ethereum, had originally signaled plans to rely on Optimism's OP Stack, a similar customizable kit to Polygon's but using Optimism’s “optimistic” technology.

Is Crypto-AI Really a Match Made in Heaven?

There’s lots of talk these days about how blockchains can make AI safe for human consumption. But is the idea, widely touted in the crypto community, workable in practice? Jeff Wilser takes a critical look.

Top 3 Crypto Myths Tackled for Advisors

Christopher Jensen from Franklin Templeton tackles myths about crypto in the Crypto for Advisors newsletter.