Chamber of Digital Commerce gets approval to join the SEC vs Ripple lawsuit
The crypto advocacy group is granted the status of “the friend of the court.”
Crypto
Ethereum risks another 10% drop versus Bitcoin as $15.4M exits ETH investment funds
Macroeconomic factors and centralization concerns are putting pressure on Ethereum’s price post-Merge.
JPMorgan Sees Concerns for Ethereum Blockchain After the Merge
The platform has become less decentralized after the switch to proof-of-stake, the bank said.
Coinbase Completed $100M Transaction to Test Proprietary Trading: Report
Cryptocurrency exchange Coinbase (COIN) completed a $100 million transaction as a test of its proprietary trading efforts earlier this year, according to a WSJ report.
Regulated fintech in Bahrain enables crypto payments with Binance
The Central Bank of Bahrain gives the nod to EazyPay, launching crypto payments for more than 5,000 payment gateways in the country.
As XRP Rallies, Some Traders Buy Year-End Bullish Bets in the Options Market
Investors are snapping up bullish bets in anticipation of a resolution in Ripple’s ongoing legal tussle with the U.S. SEC.
Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve
Six U.S. Republican lawmakers have thrown their weight behind Custodia Bank in its ongoing legal battle to get a master account at the Federal Reserve.
OpenSea implements a new protocol that ranks NFT rarity
The OpenRarity project was a collaborative project between various NFT community entities, including Curio, icy.tools, OpenSea and Proof.
Estonia Grants First Crypto License to LastBit’s Striga
The crypto banking company is first to jump over anti-money laundering hurdles which significantly toughen Estonia’s legal regime.
S. Korean Watchdog Says $7.2B Transfered Overseas Mainly Through Crypto Exchanges: Report
South Korea’s financial watchdog found that since June there have been $7.2 billion abnormal foreign exchange transactions, most of which were transferred through cryptocurrency exchanges, Bloomberg reported on Thursday.
Opera browser integrates Elrond blockchain services to bolster Web3 adoption
Elrond is one of the first carbon-negative blockchains in Europe, and its integration with Opera will help millions of new users to access the Web3 ecosystem.
Binance Hires Big-Name Former Government Officials to Set Up Advisory Board
Binance, the world’s largest crypto exchange by trading volume, has rounded up prominent former government officials to act as a global board of advisers as the company negotiates the regulatory and political minefield the crypto industry finds itself in.
Opera’s Crypto Browser to Add Support for Elrond After Roping In Eight Other Blockchains
The Norwegian browser company has already offered in-browser crypto wallet support to nine blockchains since its beta version in January.
EU Project to Fight Fakes Succeeds By Being Open, Founder Says
A publicly backed blockchain project to stop counterfeit goods from entering the European Union is trying to avoid mistakes of the past, its founder told CoinDesk.
How Bitcoin ATMs in Greece fare during a record-breaking tourist season
Despite record-breaking numbers this past summer tourist season, the local crypto scene in Greece sees no impact, says co-founder of local BCash Bitcoin ATMs Dimitrios Tsangalidis.
Tribe DAO votes in favor of repaying victims of $80M Rari hack
The vote to reimburse users affected by the hack was one of the final governance decisions for Tribe DAO which has announced plans to wind down.
Tornado Cash left a void, time will tell what fills it — Chainalysis chief scientist
There’s a hole to be filled where Tornado Cash once was, and “junior mixers” are vying for position in the wake of the mixers sanction and ban by the U.S. Treasury.
Helium Ditches Own Blockchain in Favor of Solana After Community Vote
Voter turnout showed overwhelming support for moving Helium’s native network to Solana, with over 80% in favor.
FTX in talks with investors to raise $1B for further acquisitions — Reports
The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter.
Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved
With the countdown now under 24 hours for Cardano’s most ambitious upgrade, all three metrics necessary to launch the awaited Vasil upgrade have been met.
NFTs ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania — report
NFT-related websites accounted for the largest share of crypto-related web traffic in most CSAO countries over the last 12 months, according to Chainalysis.
JPMorgan CEO calls crypto ‘decentralized Ponzi schemes’
JPMorgan CEO Jamie Dimon regards crypto as a tale of two cities, with “crypto tokens that you call currencies” on one side and “real” innovations on the other.
First Mover Asia: Cryptos Yo-Yo After Hawkish Rate Hike; Ether’s Price Is Down, Regulators May Soon Be Circling. What’s Next for Post-Merge Ethereum?
Some Merge observers see long-term environmental benefits and price increases, although others are concerned about centralization and regulatory scrutiny; cryptocurrencies plunge after the Federal Reserve’s latest interest rate hike.
Crypto Exchange FTX in Discussions for Up to $1B Capital Raise at $32B Valuation: Report
The exchange is raising the money as it considers acquisitions.
SEC Wants to ‘Remake the Law,’ Rather Than ‘Apply it,’ Says Ripple General Counsel
After two years of ongoing litigation, Stuart Alderoty, general counsel at Ripple, joined CoinDesk TV’s “First Mover” to discuss why it could mark “the beginning of the end,” as the SEC’s efforts to identify any contract of investment appear to have fallen short.
Iran to begin ‘crypto rial’ CBDC trial despite possible lack of infrastructure: Report
The crypto rial has been in preparation for years; its introduction comes on the heels of the country’s introduction of cryptocurrency for foreign trade.
Market Wrap: Cryptos Decline as FOMC Delivers Expected Rate Hike
Expect the price of bitcoin and other riskier assets to bob and weave on the waves of macroeconomic uncertainty. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
La Unión Europea finaliza el reglamento de la normativa cripto bajo la ley MiCA
Un borrador del texto que se filtró muestra que las normas podrían aplicarse a stablecoins algorítmicas y NFTs fraccionados, según revisiones hechas por CoinDesk.
El Salvador Buys Back $565M Worth of Bonds, Plans to Launch New Offering in 8 Weeks
The bond repurchase is seen as an attempt by El Salvador to dispel rumors of a potential default on its debt.
La Reserva Federal de EE. UU. eleva tasas al nivel más alto desde 2007 y bitcoin cae por debajo de US$19K
Es la tercera vez consecutiva que los miembros del Comité Federal de Mercado Abierto suben las tasas en 75 puntos básicos, lo que indica cuán graves se han vuelto las presiones inflacionarias en Estados Unidos.