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OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports

The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022.
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Cryptocurrency
22 Aug 2024

Crypto for Advisors: Are Crypto SMAs Right for Institutions?

Separately Managed Accounts, or SMAs, offer significant advantages over ETFs for institutional investors who want to invest in crypto via actively managed accounts.
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Cryptocurrency
22 Aug 2024

CoinDesk 20 Performance Update: RNDR Surges 6.9% as Index Inches Higher

Eleven assets in the CoinDesk 20 gained, with LINK joining RNDR as the strongest performer.
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Cryptocurrency
22 Aug 2024

Fed Chair Jerome Powell Expected to Set Stage for September Rate Cut

Bitcoin remains nearly 20% below its all-time high, while U.S. stocks and gold are at or within close shouting distance of record levels.
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Cryptocurrency
22 Aug 2024

Memecoin Frenzy Reaches Tron as Justin Sun-Backed SunPump Rakes in Big Bucks

The memecoin generator launched in mid-August and has crossed $1 million in revenues in its first nine days - a large amount considering Tron’s low fees.
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Cryptocurrency
22 Aug 2024

Stablecoin Issuing System M^0 Employs Fireblocks for Crypto Custody

M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.
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Cryptocurrency
22 Aug 2024

Avalanche Becomes Latest Blockchain to Support Franklin Templeton’s Tokenized Money Market Fund

The fund’s official record of share ownership is kept on the Stellar network and the fund may also use Polygon and Arbitrum for certain accounts.
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Cryptocurrency
22 Aug 2024

NEAR Blockchain Gets Major Upgrade to Add ‘Stateless Validation’

NEAR Protocol has deployed a major upgrade known as "Nightshade 2.0" on its main network, designed to improve the scalability and usability of the blockchain.
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Cryptocurrency
22 Aug 2024

Crypto Asset Manager Grayscale Offers AVAX Token Investment in New Avalanche Trust

The provider of bitcoin and ether ETFs now offers more than 20 crypto investment products.
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Cryptocurrency
22 Aug 2024

First Mover Americas: Bitcoin Advances Following Reports of RFK Jr. Withdrawal

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Cryptocurrency
22 Aug 2024

BSP, IFC Hackathon Generates Ideas for Open Finance PH

PDate: 8/23/2024
Content: ​Photo shows Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier (left) and International Finance Corporation Philippines Country Manager Jean-Marc Arbogast (right) with the winners of the BSP’s Race to the Fu...
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News
22 Aug 2024

Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant

Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.
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Cryptocurrency
22 Aug 2024

Nikkei 225, Dow Jones and Nasdaq 100 Lose Upside Momentum

Nikkei 225, Dow Jones and Nasdaq 100 lose upside momentum ahead of Jackson Hole symposium and Fed Chair Jerome Powell speech
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Forex
22 Aug 2024

Engine Shortages Have Grounded Airlines. This Company Has the Formula to Fix That.

Being a one-stop shop for leasing, repairs and parts has made FTAI one of the commercial-aviation industry’s few bright spots.
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News
22 Aug 2024

Less Is More at Builders FirstSource

The building-supply giant is growing while shrinking its share count, delighting shareholders.
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News
22 Aug 2024

Former FTX Executive Ryan Salame Claims Government Backtracked on Plea Deal: Filing

Salame's counsel argued in a filing that the government resumed investigating his domestic partner, ADAM CEO Michelle Bond, despite despite assurances that the investigation would cease if he cooperated.
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Cryptocurrency
22 Aug 2024

EUR/USD Underpinned by Better-Than-Expected Euro Area PMIs, Weak US Dollar

Today’s forecast beating Euro Area flash PMIs is underpinning the recent EUR/USD rally as Friday’s speech by Fed chair Jerome Powell nears.
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Forex
22 Aug 2024

Bitcoin Flipflops; MATIC, LINK Surge as Dim Market Action Continues

Polygon and Chainlink’s tokens surged as much as 10% on fundamental developments.
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Cryptocurrency
22 Aug 2024

New on Coins: VIP Welcome Boost!

Level up your status with the VIP Welcome Boost on Coins! Get a higher VIP status and more perks when you apply from August 22 to September 22, 2024.
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Cryptocurrency
22 Aug 2024

Bitcoin’s Uptrend Threatened by Looming ‘Stochastics’ Signal: Fairlead Strategies

The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.
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Cryptocurrency
22 Aug 2024

BSP, Industry Partners Laud Philippines’ Islamic Finance Professionals

PDate: 8/22/2024
Content: ​Photo shows (front row, sixth and seventh from right) Monetary Board Members Rosalia V. De Leon and Romeo L. Bernardo together with (front row, third from left) Bangko Sentral ng Pilipinas (BSP) Assistant Governor Arifa A. Al...
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News
22 Aug 2024

How Taylor Swift Fans Broke Economics

Swifties have the same mental biases as the rest of us, making them reluctant to sell even at eye-watering prices.
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News
22 Aug 2024

Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year

Sen. Cynthia Lummis said the window is closing, but it's not shut yet.
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Cryptocurrency
21 Aug 2024

Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds

Nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies, according to a Wednesday report from corporate influence watchdog Public Citizen.
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Cryptocurrency
21 Aug 2024

TradFi Underestimates Bitcoin’s Enormous Scale, Franklin Templeton CEO Says

Bitcoin processed $36.6 trillion in transactions last year, far more than payment network giants Mastercard and Visa combined.
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Cryptocurrency
21 Aug 2024

Schwab Wants to Fix Its Bank. Investors Are Skeptical.

The brokerage’s playbook of making easy money on customer deposits was upended when interest rates rose rapidly. Now, it is looking to change how it uses them.
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News
21 Aug 2024

Kamala Harris Signals Interest in Friendlier Stance on Crypto: Bloomberg

The cryptocurrency industry has made no secret of its displeasure with the Biden administration's approach towards regulating digital assets.
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Cryptocurrency
21 Aug 2024

‘Get Him Home’: Binance CEO Urges Nigerian Government to Free Detained Exec

Tigran Gambaryan, a U.S. citizen who works for Binance, has been held in Nigeria since February.
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Cryptocurrency
21 Aug 2024

New Binance CEO Sees No Need for IPO as He Plots 100-Year Strategy for Crypto Exchange

Richard Teng, who replaced founder Changpeng "CZ" Zhao in November, is playing the long game.
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Cryptocurrency
21 Aug 2024

The Protocol: Now Everyone’s Putting a Wrapper on Bitcoin

In this week's issue of CoinDesk's newsletter on blockchain technology, we're covering the drama surrounding "wrapped bitcoin" as Tron founder Justin Sun assumes a custody role, signs of upheaval in the Urbit ecosystem and the rise of dark pools on Eth...
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Cryptocurrency
21 Aug 2024

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