DappRadar Says It’s Recalculating Decentraland User Data
The data tool is working together with the metaverse platform to more accurately track its number of daily “active users” following a CoinDesk report.
Crypto
Bitcoin analysts and traders say BTC’s low volatility is ‘a calm before the storm’
Stocks markets slide toward yearly lows, while Bitcoin price remains range-bound. Here’s why crypto analysts expect a sharp move from BTC soon.
CNN to shut down its NFT marketplace and issue 20% refund
The nonfungible token venture, originally scheduled with a half-year road map, lasted little under four months.
Financial Stability Board opens proposed crypto regulatory framework for public comments
“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal.
Crypto Mixers Haven’t ‘Slowed’ DOJ Investigations, Director Says
U.S. Department of Justice Crypto Enforcement Team Director Eun Young Choi said mixers cause a “multiplier effect” but aren’t “necessarily” slowing investigations down.
TempleDAO exploit results in $2M loss
The hack was allegedly caused by “a missing onlyMigrator check.”
Valkyrie to Liquidate Bitcoin Balance Sheet ETF After Limited Uptake
The crypto native investment shop’s Nasdaq-listed fund never really caught on with investors.
CNN Shutters Vault NFT Marketplace Prompting Rug Pull Accusations
Holders of the cable news network’s NFTs said they were disappointed by promises of long-term utility.
City of Niagara Falls orders Blockfusion facility to cease and desist crypto mining
The city notice effectively stopped the facility from conducting “any cryptocurrency mining or related operations” until Blockfusion was in compliance with local zoning ordinances.
Stellar Development Foundation launches $100M fund to support native smart contract adoption
The Soroban Adoption Fund incentivizes developers to begin building products and tools on the new smart contract platform.
Market Wrap: Bitcoin Remains in a Quiet Place Ahead of FOMC Minutes
The largest cryptocurrency by market capitalization continues in a tight range, a little over $19,000. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
BNB Smart Chain to hard fork following $100M exploit
The upgrade is intended to fix the exploit that drained the platform of $100 million.
South African Non-Profit Bitcoin Ekasi Opens Education Center
The center will educate residents in Mossel Bay on bitcoin, finances and other subjects.
SEC rejects WisdomTree’s application for a spot Bitcoin ETF … again
Similar to its December 2021 rejection of a WisdomTree spot Bitcoin investment vehicle, the SEC cited concerns about fraud and market manipulation.
Reversibility on Ethereum: The Benefits and Pitfalls
The equivalent of “chargebacks” on Ethereum would be controversial but would ultimately help the blockchain to become more useful.
OpenSea Aims for an Avalanche of NFT Interest
Avalanche is best known for its DeFi presence, but is making strides to establish itself in the NFT space with the OpenSea Launch.
Bitcoin Recovers $19K Though Inflation Fears Haunt Market
The largest cryptocurrency’s price had slipped earlier Tuesday to its lowest in almost two weeks, but the market recovered as U.S. stocks rebounded.
Justin Sun ‘Optimistic’ About Crypto’s Return to China, Addresses Huobi Acquisition
Tron founder Justin Sun joined “First Mover,” to discuss his role on Huobi’s advisory board and why he’s hopeful the crypto exchange will make its way back to mainland China.
Mass adoption will be terrible for crypto
From reversible transactions to increased regulation and a rising tide of censorship, mass adoption is going to make crypto look more like the systems we’re trying to escape.
BNY Mellon, America’s oldest bank, launches crypto services
The bank will store private keys and provide bookkeeping services equivalent to those offered to fund managers in traditional assets.
Looming US CPI Report Has Bitcoin Investors Seeking Protection in Case Inflation Tops Expectations
Investors seem worried about the possibility of the impending CPI injecting renewed downside volatility in bitcoin and are preparing for the same.
Lit Protocol: Public Key Infrastructure for a Decentralized World
Lit’s David Sneider, a presenter at the CoinDesk I.D.E.A.S. conference, wants to decentralize public key cryptography.
US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.”
Bitcoin: Breaking Up Money and State
Bitcoin will gradually force the government to give up its control over money, says Sazmining’s Will Szamosszegi.
Market Maker GSR Cuts Staff Amid Crypto Winter
The trading shop cut less than 10% of staff to “continue to position our business for long-term growth,” a spokesperson told CoinDesk
Ooki DAO Case So ‘Egregious,’ CFTC Had No Choice, Chair Behnam Says
The controversial case against Ooki DAO was “so egregious and so obvious” that the U.S. Commodity Futures Trading Commission (CFTC) had to pursue it, said Chairman Rostin Behnam.
Celebrity-Backed Fintech for Teens, Step Receives $300M in Debt Funding
The app also launched a crypto trading feature, starting with bitcoin
SEC Investigating Bored Ape Creator Yuga Labs Over Unregistered Offerings: Report
The SEC is looking into whether some of Yuga’s NFTs should follow the same disclosure rules as stocks, according to Bloomberg.