Institutional crypto adoption requires robust analytics for money laundering
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
Crypto
Ecosystem Growth, Not Prices, Tells the Real Crypto Story
An increasing number of positive narratives around crypto and blockchain technology have emerged in the recent years, but current prices do not reflect the growth. Regulation and risk-appetite could be what’s needed to turn things around.
First Mover Americas: Bitcoin Stays Above $19K as US Stocks Futures Slip Ahead of Earnings Reports
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 20, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Binance Wins Registration as Crypto Asset Service Provider in Cyprus
Cryptocurrency exchange Binance has registered as a Crypto Asset Services Provider (CASP) in Cyprus, according to a blog post.
A Year After Debut, ProShares Bitcoin ETF Has Underperformed Market By 1.8%
The underperformance has been far lower than estimated, thanks to the bear market.
Brokerage Firm Bernstein Says Institutional Adoption of Crypto Ongoing Despite the Crypto Winter
Asset managers that were actively investing in cryptocurrency markets in the bull market of 2020/21 continue to invest in the sector and remained committed to digital assets.
Will museums of the future just be giant NFT galleries?
NFTs have transformed the art world to make masterpieces more accessible to admirers. However, with the tokenization of entire collections comes questions about the future of ownership in museums.
Two US Men Sentenced For Stealing Crypto Using ‘SIM Swapping’
Two men from Massachusetts, USA, have been sentenced in prison for stealing approximately $330,000 in cryptocurrency from 10 individuals.
Mobile bank N26 launches cryptocurrency trading with Bitpanda partnership
N26 Crypto is already available for Austrian customers and is planned to be rolled out in other key markets.
Finance Can Never be Fully Decentralized, Says UK Central Banker
The Bank of England’s Carolyn Wilkins cited issues of transparency, concentration and unpredictable events
Kraken crypto exchange is next to close doors to Russian users
Former Kraken CEO Jesse Powell previously warned crypto investors about the risks of holding crypto on a centralized exchange.
Binance Denies Allegations That it Intends to Use Users Uniswap Tokens for Voting
The exchange denied using users’ token holding to vote on Uniswap governance.
Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale is Approved
A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.
Indian Cricket Legend Sachin Tendulkar Enters World of NFTs With Rario Investment
Indian cricket legend Sachin Tendulkar’s NFTs will be exclusively available on Rario.com, a cricket NFT platform. Tendulkar will also become a strategic investor in Rario.
Online Bank N26 to Offer Crypto Through Bitpanda’s Trading Product
Austrian N26 customers will be the first to have access to around 100 cryptocurrencies via the bank’s app, with more to follow in the coming months.
Capitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018
What is “usually” an OTC transaction signals change is afoot among 2018 bear market buyers, says Whalemap.
Russian users are welcomed by crypto exchanges in Kazakhstan, but there’s a catch
Non-sanctioned foreigners are “more than welcome” at Intebix, but they need to set up a local bank card for crypto-to-fiat transactions, the CEO said.
HODL! Tesla hangs onto all its remaining $218M in Bitcoin in Q3
The vehicle manufacturer’s latest earnings report for the third quarter shows it’s made no changes to its Bitcoin holdings since its huge sell-off in the second quarter.
$4.5T asset manager Fidelity offers ETH custody and trading to clients
According to an email reportedly sent to clients, Fidelity Digital Assets is offering institutional Ethereum capabilities for their clients starting next week.
Voyager customers could recover 72% of frozen crypto under FTX deal
The plan is tentative at this stage and won’t be finalized until it receives approval from Voyager’s creditors and the bankruptcy payout plan is approved by the judge.
Mango Markets Will Soon Start Returning Stolen Funds From $114 Exploit
The exploiter had come forward and returned most of the stolen funds a few days ago.
Bitcoin’s discount to hash rate highest since early 2020 — Mike McGlone
The senior commodity strategist is bullish on Bitcoin, revealing on Oct. 18 that its relative discount to hash rate has hit levels not seen since the first quarter of 2020.
‘Secretly circulating’ draft crypto bill could be a ‘boon’ to DeFi
A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online with one commentator saying the U.S. is “finally getting their act together.”
Twitter user saves cross-chain bridge from potential exploit
The BitBTC bridge reportedly had a bug that would essentially allow an attacker to mint fake tokens on one side of the bridge, and swap them for real ones on the other.
Developers Excluded From Broker Label in New DCCPA Bill Draft
Stakeholders say that this latest draft of the bill softens language that would otherwise be detrimental to the Decentralized Finance (DeFi) industry.
4,400 disgruntled investors are hunting for Terra’s Do Kwon
A retail investor group is trying to track down Terraform Labs co-founder Do Kwon following the crash of the Terra ecosystems’ cryptocurrencies.
Ethereum Alarm Clock exploit leads to $260K in stolen gas fees so far
Web3 security firm Supremacy highlighted Etherscan transaction history that showed the hacker(s) were able to swipe 204 ETH in gas fees so far, worth roughly $259,800.