What Is EthereumMax? Inside the Crypto Kim Kardashian Lost $1.2M Promoting
EthereumMax and the EMAX token won investors over with big promises and flashy names. But has it delivered?
Crypto
Luna Classic, Remnant of Terra Collapse, Drops After Underwhelming Binance Burn Mechanism Data
Binance’s scheme destroyed only 0.08% of the token’s bloated supply, too minuscule to have a lasting impact on the hyperinflated token.
Court Rules CFTC Legally Served Ooki DAO Through Help Bot
The ruling came the same day a group of crypto lawyers and developers filed to join the CFTC’s case against Ooki DAO.
a16z leads $40M raise for decentralized knowledge protocol
Golden, which has now raised roughly $60 million in cumulative funding, also receives a16z general partner Ali Yahya to its board.
US Treasury recommends lawmakers decide which regulators will oversee crypto spot market
“The report recommends the passage of legislation in providing a rulemaking authority for federal financial regulators over this market,” said economist Jonathan Rose.
Argentina’s State-Owned Energy Company Moves Into Crypto Mining
YPF is currently supplying power for a 1 megawatt operation and plans to launch a second project eight times larger before the end of the year.
Market Wrap: Bitcoin and Ether Kick Off Week in Positive Territory
“Whale” investors moved a large volume of bitcoin off exchanges. The trend is often a bullish signal, suggesting investors are more interested in holding their bitcoin. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Azurbala NFT Mint Postponed After Art Goes Viral for Wrong Reasons
“We failed at doing the very thing that we do best, which is to involve the community in the creative process,” says an Azurbala co-founder.
A16z Leads $40M Funding for Web3 Data Protocol Golden
The protocol will use tokens to incentivize users to submit accurate information.
A crumbling stock market could create profitable opportunities for Bitcoin traders
U.S. tech giants are set to report their second quarter earnings throughout October, presenting a scenario that could possibly benefit Bitcoin.
Bitcoin: estabilidad se asemeja a la calma de 2018 que terminó con una caída de 50%, según comunidad cripto de Twitter
A destacados analistas cripto les preocupa que la consolidación de precios de bitcoin indique que se avecina una caída más profunda, tal como sucedió hace cuatro años.
Binance burns $1.8M in LUNC trading fees following community proposal
According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC.
US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator
The top U.S. financial regulators are warning of dangerous holes in the oversight of crypto and are asking Congress for more powers, including settling which agency will oversee the bulk of trading in bitcoins and other non-security tokens.
Cathie Wood’s ARK Invest to offer crypto strategies to investment advisors
In partnership with Eaglebrook, the strategies will be offered to registered investment advisors.
Binance to Train Law Enforcement on How to Stop Crypto Crime
Matthew Price, head of intelligence and investigations of the Americas, joined CoinDesk TV’s “First Mover,” to discuss what role the largest cryptocurrency exchange is playing as it spearheads a global training program for law enforcement officials.
Even ‘Safe’ Stablecoins Might Pose Financial Stability Risk, New York Fed Says
The rise of Circle’s USDC stablecoin – as opposed to the controversial Tether (USDT) – is a threat to the broader financial system, as it could increase the chance of run risks from smaller issuers, researchers at the Federal Reserve Bank of New York wrote in a new paper published Monday.
Upside capped at $980B total crypto market, according to derivatives metrics
A bearish formation in the total market capitalization chart has been gaining strength after two failures to break its resistance level.
Bitcoin price sets October high with $20K in reach as US stocks rally
Traders say Bitcoin is overdue for a breakout, but are also keeping a lid on how optimistic they should be about a macro trend reversal.
What Ripple’s Latest Win Means for Its Ongoing Fight With the SEC
The crypto firm scored a procedural victory last week in part of its legal defense against the SEC. But it may not help its case.
NYDIG raises $720M as Bitcoin balance hits all-time high
An SEC filing reveals NYDIG’s intent to raise $720 million while a recent press release shows the company’s commitment to HODLing.
XRP price could rally by 50% based off comments from a former SEC director
XRP investors are hopeful that a potential court victory against the SEC could send the altcoin price at least 50% higher.
Japanese prime minister says gov’t investment in digital transformation will include Metaverse, NFTs
According to Fumio Kishida, the government of Japan’s investment in digital transformation included issuing NFTs to local authorities using digital solutions.
Bitcoin Miner Merkle Increases Hashrate by 900% in 8 Months
The miner currently has 140 megawatts of total computing power in its two facilities.
UK Shuts Down Temporary Crypto Company Licensing Program
The time it takes to register a firm depends on the quality of the information provided to the Financial Conduct Authority, the regulator told CoinDesk.
Transit Swap Exploiter Returns Large Chunk of $28.9M Hack
Transit Swap, a cross-chain decentralized finance (DeFi) protocol, has received 70% of stolen funds back from a hacker that exploited a smart contract vulnerability.
Los exchange cripto descentralizados están ganando parte del mercado de sus pares centralizados, según Citi
Una mayor regulación cripto podría llevar a los usuarios a utilizar plataformas descentralizadas, dijo el banco.
Crypto Venture-Capital Firm Paradigm Leads $14M Funding Round for DeFi Platform Exponential
The investment discovery platform includes a risk assessment feature to help combat a growing wave of DeFi exploits
What remains in the NFT market now that the dust has settled?
From profile pictures to celebrity endorsements, NFT space has changed a lot since the market boom in 2021.
Bitcoin Lightning Network capacity strikes 5,000 BTC
The growth in Bitcoin added to the layer-2 Lightning Network has electrified over the past year, hitting 4,000 Bitcoin less than four months ago.
Kim Kardashian pays SEC $1.26 million to settle EthereumMax charge
The United States SEC charged the American celebrity and influencer for promoting a cryptocurrency asset security without disclosing payments received to her followers.