Recent crises in the crypto market repeat a story as old as time, with a new asset attracting unsophisticated investors looking to make millions, the report said.
The Department of Justice has also discussed possible plea deal with Binance’s lawyers, the report added.
The crypto payments app was registered with the Financial Conduct Authority as of Friday, signifying compliance with money laundering rules.
Cathie Wood’s Ark Investment Management bought 78,982 shares in cryptocurrency exchange Coinbase (COIN) on Friday.
The Terraform Labs co-founder is wanted in South Korea, backed by Interpol.
The algorithmic decentralized stablecoin modeled after Terra’s now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital assets.
Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project’s MPL token has plunged, and depositors are likely to stomach big losses. Here’s how it happened, and what comes next.
Some see the proposed pilot project as an “important step,” while others say it may lead to reduced trading activity.
The killer app won’t come from private, permissioned blockchains used to settle bond placements by huge, multinational investment banks. Crypto Long & Short is CoinDesk’s weekly newsletter featuring insights, news and analysis for the professional investor.
A class action lawsuit filed against former FTX CEO Sam Bankman-Fried and a host of paid celebrity promoters for the now-defunct crypto exchange has been dropped.
European Parliament Vice President Eva Kaili, a key figure in ongoing efforts to regulate crypto in Europe, has been suspended from her party in reaction to reports that she and others are allegedly tied to a wide-ranging corruption scandal involving illicit lobbying activity for Qatar.
The fallout from crypto exchange FTX’s implosion continued as data showed the GBTC discount rate to bitcoin hitting a record high. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
The suit claims that celebrity endorsements of Bored Ape Yacht Club NFTs and ApeCoin tokens resulted in financial loss for investors. Yuga Labs called the allegations “”opportunistic and parasitic.”
The struggling firm said at the end of October that it might have to cease operations if it was unable to secure additional financing.
AI platform Fetch.ai’s native token FET surged 80% in the past five days, according to data from CoinDesk Market Index.
The user, who goes by the name “CoinMamba” on Twitter, started criticizing the exchange after some of his funds allegedly got stolen on his Binance account, but the exchange cited threats made to its customer service team in explaining the suspension.
Ryan Wyatt discusses why consumer brands looking to jump into Web3 are flocking to his company.
The company’s CEO, Michael McCaffrey has resigned as a result of the loans coming to light, The Block confirmed.
The latest offering from OpenAI, with its ability to immediately answer questions, could end our dependence on Google and its advertising model and force companies to use NFTs to generate revenue.
The proposal, which will be brought to a vote next week, aims to reduce friction in governance by reframing the steps that bring proposals to votes.
India has taken over the G-20 – an intergovernmental forum of some of the world’s largest economies – just as much of the world is pondering whether stricter regulation of crypto is needed.
One new standard being developed by Blockstream is already running on the company’s Core Lightning implementation.
A final vote on the law has been repeatedly pushed back, even though a deal was struck in June.
The former FTX CEO and current Binance CEO disagree on the details of a failed acquisition last month.
The bank’s analysis shows that 2023 revenue estimates for the crypto exchange are overly optimistic.
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 9, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
