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Federal Reserve Hikes Rates to Highest Since 2007; Bitcoin Falls to $19,000

September 21, 2022 by

The Federal Open Market Committee (FOMC) raised the main U.S. interest rate on federal funds by 75 basis points (0.75 percentage point), to a range between 3% and 3.25%, in line with expectations.

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Nasdaq Joins BlackRock as TradFi Defies the Bear Market and Embraces Crypto

September 21, 2022 by

Bear market hasn’t stopped the TradFi push into crypto as large players continue to pile into the industry, following Buffett’s famous rule “be greedy only when others are fearful.”

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Jump-Backed Wormhole, Pyth Launch on Aptos Blockchain

September 21, 2022 by

Aptos co-founder Mo Shaikh says Jump Crypto has been “spending a lot of time” in the Aptos ecosystem.

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Riot Blockchain Sues Northern Data Over Disclosures Related to Texas Bitcoin Mine Acquisition

September 21, 2022 by

This is the second lawsuit related to the Texas mega mine that Riot acquired last year.

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A Call to the SEC: Treat Crypto Assets as if Clients Matter

September 21, 2022 by

Asset managers either risk violating the letter of the law, or breaching fiduciary duty by denying clients token rights, including voting and revenue.

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Hodlonaut’s Tweets a ‘Reckless Campaign’ Against Craig Wright, Lawyers Say, as Satoshi Trial Reaches Conclusion

September 21, 2022 by

Accusing the self-proclaimed bitcoin founder of being a mentally ill scammer shouldn’t be allowed in a democracy, Wright’s lawyers said on the final day of the Oslo trial.

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Análisis de Ethereum: una semana después de la fusión

September 21, 2022 by

Desde validadores hasta emisiones y tarifas, así está hoy Ethereum después del revuelo generado por la fusión.

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Play-to-Earn Gaming Platform Vulcan Forged Raises $8M in Series A Funding

September 21, 2022 by

The funding round was led by investment firm Skybridge Capital.

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Amazon and Wanda Sykes Think Spying on You Is Hilarious

September 21, 2022 by

Post Content

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Crypto Remains a Priority for UK Under New Leader, Drawing Industry Excitement

September 21, 2022 by

The U.K. government is still set on turning the country into a crypto hub despite the recent cabinet shuffle and new prime minister.

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US Stablecoin Bill Negotiations Wrestled Over Digital Dollar Approval: Source

September 21, 2022 by

Democrats pushed for a provision directing the U.S. Federal Reserve to move forward on a digital dollar, but the negotiations concluded with a new directive for another Fed study in this year’s ongoing legislative effort to regulate stablecoins, according to a person familiar with the talks.

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Societe Generale Introduces Services for Asset Managers Developing Crypto Funds

September 21, 2022 by

Societe Generale is offering new services for asset managers that want to offer crypto funds to their clients.

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Crypto Analytics Firm Messari Raises $35M in Funding Round Led by Brevan Howard Digital

September 21, 2022 by

Cryptocurrency data and analytics firm Messari has closed a $35 million Series B funding round led by Brevan Howard Digital, according to a press release.

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First Mover Americas: Bitcoin Steady at $19K as Traders Wait for Fed’s Decision

September 21, 2022 by

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 21, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA

September 21, 2022 by

A leaked draft of the text, reviewed by CoinDesk, shows the rules could apply to fractionalized NFTs.

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Indonesia Wants Citizens to Steer Local Crypto Exchanges: Report

September 21, 2022 by

The rule would require at least two-thirds of directors and commissioners at domestic crypto exchanges to be Indonesians residing in the country.

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Digital Dollar Likely Won’t Be Part of Retail Banking World, US Lawmaker Says

September 21, 2022 by

A digital dollar, or central bank digital currency issued by the Federal Reserve, shouldn’t necessarily be a retail banking offering, U.S. Congressman Jim Himes tells CoinDesk.

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Bitmain Discounts Bitcoin Mining Machines in an Already Depressed Market

September 21, 2022 by

Prices for bitcoin mining rigs have fallen by about 70% this year.

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Funko Teams Up With Warner Brothers for DC Comics’ NFT Release

September 21, 2022 by

The pop culture brand has been taking steps into the NFT space for the past year through “phygital” – physical plus digital – product releases.

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Introducing ‘Women Who Web3’ – CoinDesk’s Newest Podcast

September 21, 2022 by

The CoinDesk Podcast network’s latest addition attempts to bridge the gender disparities within the Web3 community as well as celebrate and promote women within the space.

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Strengthening Ether-Nasdaq Correlation Muddles Post-Merge Bullish Plays: Cumberland

September 21, 2022 by

The Merge has skewed demand-supply dynamics in favor of the bulls. But, the strengthening correlation with Nasdaq means big gains may remain elusive in case of broad based risk aversion.

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Evaluating Ethereum: 1 Week After the Merge

September 21, 2022 by

From validators to issuance to fees, here’s what Ethereum looks like now that the post-Merge dust is settling.

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Iran to Start Testing a Digital Rial This Week

September 21, 2022 by

The country’s central bank published a draft document outlining goals and and opportunities for a central bank digital currency in August.

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Push to Cut Ethereum Network Fees Opens Funds-Draining Bug in Scaling Tool Arbitrum

September 21, 2022 by

The vulnerability would have allowed attackers to steal all ether deposits into Arbitrum after its latest upgrade, known as Nitro.

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Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates

September 21, 2022 by

The economy has remained stronger than policymakers expected in July. So hawkish risk is that chairman Powell says the inflation fight is still in early stages, implying a higher terminal or peak rate.

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Crypto Exchange CoinCorner Eyes Middle East Expansion Via Partnership With Emirates CEO’s Private Office

September 21, 2022 by

U.K. crypto exchange CoinCorner is looking to expand across the Middle East through a partnership with the private office of Sheikh Saeed bin Ahmed Al Maktoum, CEO of the Emirates airline and member of the ruling family of the United Arab Emirates (UAE).

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Ether Funding Rates Revert to Normal Days After Successful Merge

September 21, 2022 by

A popular trade drove up funding rates to lifetime highs for ether futures.

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Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT

September 21, 2022 by

The order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market.

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First Mover Asia: Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem

September 20, 2022 by

Balina is charged with conducting an unregistered securities offering in 2018 for his SPRK ICO token, but proving that the Ethereum network should be subject to U.S. securities law will be difficult; cryptos largely decline.

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Decentralized Finance Protocol Coin98 Unveils Native Stablecoin CUSD

September 20, 2022 by

DeFi platforms race to craft their own stablecoins to attract users and boost growth, including Curve and Aave.

Categories CoinDesk, Crypto Leave a comment
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