Tether says new court order to produce USDT reserve backing is a ‘routine discovery matter’
The issue deals with a lawsuit that has been ongoing since October 2019.
Crypto
Play-to-Earn Gaming Platform Vulcan Forged Raises $8M in Series A Funding
The funding round was led by investment firm Skybridge Capital.
The impact of the Wintermute hack could have been worse than 3AC, Voyager and Celsius — Here is why
Market makers are the backbone of every crypto exchange, ICO, DApp and many token listings, which is exactly why investors shouldn’t shrug off Wintermute’s hack.
Crypto Remains a Priority for UK Under New Leader, Drawing Industry Excitement
The U.K. government is still set on turning the country into a crypto hub despite the recent cabinet shuffle and new prime minister.
US Stablecoin Bill Negotiations Wrestled Over Digital Dollar Approval: Source
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.
Societe Generale Introduces Services for Asset Managers Developing Crypto Funds
Societe Generale is offering new services for asset managers that want to offer crypto funds to their clients.
Are noncustodial crypto wallets a practical option for the everyday hodler?
Noncustodial wallets are more secure than custodial wallets, but it may take time for everyday, non-technical users to get used to them.
Crypto Analytics Firm Messari Raises $35M in Funding Round Led by Brevan Howard Digital
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.
Are there too many cryptocurrencies?
Are there too many cryptocurrencies? Choice can be a good thing — but not all digital assets are born equal.
First Mover Americas: Bitcoin Steady at $19K as Traders Wait for Fed’s Decision
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.
From skies to blocks: How an aerospace student became a Web3 entrepreneur
Ahmet Usta went from studying aircraft to founding thriving Web3 startups focusing on gaming and NFTs.
EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA
A leaked draft of the text, reviewed by CoinDesk, shows the rules could apply to fractionalized NFTs.
Blurring the line between crypto and TradFi could redefine global finance
The merging of crypto and TradFi is inevitable, with the latter potentially mitigating the volatility permeating the digital asset industry.
Coinbase Cloud debuts Web3 developer platform
In 2021, Coinbase vowed to become the Amazon Web Services of crypto. Now, it’s targeting Web3 development through Coinbase Cloud.
Tornado Cash is the latest chapter in the war against encryption
Government disdain for end-to-end encryption is nothing new. The effort to kill Tornado Cash is just the latest chapter in this age-old war.
Indonesia Wants Citizens to Steer Local Crypto Exchanges: Report
The rule would require at least two-thirds of directors and commissioners at domestic crypto exchanges to be Indonesians residing in the country.
Digital Dollar Likely Won’t Be Part of Retail Banking World, US Lawmaker Says
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.
Bitmain Discounts Bitcoin Mining Machines in an Already Depressed Market
Prices for bitcoin mining rigs have fallen by about 70% this year.
Bitcoin ‘nuke’ warning as Fed rate hike decision looms — dollar index hits 20-year high
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000.
How to find NFT metadata on OpenSea and Rarible?
With the right API, contract address and token id, anyone can find NFT metadata on OpenSea and Rarible.
Funko Teams Up With Warner Brothers for DC Comics’ NFT Release
The pop culture brand has been taking steps into the NFT space for the past year through “phygital” – physical plus digital – product releases.
Introducing ‘Women Who Web3’ – CoinDesk’s Newest Podcast
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.
Strengthening Ether-Nasdaq Correlation Muddles Post-Merge Bullish Plays: Cumberland
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.
Evaluating Ethereum: 1 Week After the Merge
From validators to issuance to fees, here’s what Ethereum looks like now that the post-Merge dust is settling.
Digital bank FV Bank integrates USDC stablecoin for direct deposits
Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum.
Iran to Start Testing a Digital Rial This Week
The country’s central bank published a draft document outlining goals and and opportunities for a central bank digital currency in August.
New York Judge orders Tether to document USDT backing
The court accepted the Plaintiffs’ requests to provide “undoubtedly important” documents in the alleged fraud case.
Push to Cut Ethereum Network Fees Opens Funds-Draining Bug in Scaling Tool Arbitrum
The vulnerability would have allowed attackers to steal all ether deposits into Arbitrum after its latest upgrade, known as Nitro.
Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates
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.