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Jack Dorsey’s Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others

The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.

2 May 2024

Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts

The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

Cryptocurrency

2 May 2024

Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says

Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.

Cryptocurrency

2 May 2024

Crypto for Advisors: Digital Asset Custody’s Future

Once they reach a certain level of sophistication, there’s a clear trend for Web3 asset holders to transition their digital asset wealth to self-custody.

Cryptocurrency

2 May 2024

U.S. Senate’s Warren Warns National Security Chiefs About Iranian Crypto Mining

U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from U.S. s...

Cryptocurrency

2 May 2024

MicroStrategy Unveils Plan for Bitcoin-Based Decentralized Identity Using Ordinals

MicroStrategy has already built one application using its service. "Orange For Outlook" integrates digital signatures into emails to enable recipients to verify the identity of the sender.

Cryptocurrency

2 May 2024

Tokenized Private-Credit Platform Untangled Opens Its First USDC Lending Pool on Celo

Private credit has been at the forefront of crypto's asset tokenization trend with over $600 million outstanding on-chain assets.

Cryptocurrency

2 May 2024

LayerZero Takes Snapshot as Airdrop Draws Closer

The interoperability protocol indicated that there will be a series of airdrops.

Cryptocurrency

2 May 2024

Bitcoin Miner Stronghold Looking at Options, Including Sale of Company

The miner is looking at options including sale of all or part of the company and other strategic transactions.

Cryptocurrency

2 May 2024

MoonPay Users Can Now Buy Crypto Via PayPal

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Cryptocurrency

2 May 2024

TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval

Ironlight, helmed by the former global head of trading of Schroeder and Abu Dhabi's sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tokenization, listing and trading ecosystem for real-world assets targeting bi...

Cryptocurrency

2 May 2024

Web3 Publishing Platform Mirror Sells to Paragraph, Pivots to Social App ‘Kiosk’

Mirror and Paragraphs are rivals in the Web3 publishing space, and their deal allows Mirror's team to operate as an independent company focused exclusively on social media.

Cryptocurrency

2 May 2024

Binance Nigeria Money Laundering Trial Delayed to May 17, Says Gambaryan Family Spokesperson

Binance's lawyer needed more time to look at evidence from Nigeria's Economic and Financial Crimes Commission.

Cryptocurrency

2 May 2024

First Mover Americas: BTC Stabilizes Around $58K Following Yesterday’s Rout

The latest price moves in bitcoin (BTC) and crypto markets in context for May 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Cryptocurrency

2 May 2024

Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity

The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.

Cryptocurrency

2 May 2024

BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs

The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, the firm's head of digital assets said.

Cryptocurrency

2 May 2024

Bitcoin ‘Call Writing’ Back in Vogue as Cash And Carry Strategy Loses Shine

Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.

Cryptocurrency

2 May 2024

Former FTX Europe Head Pays $1.5M for Gold Watch Recovered From Titanic: WSJ

Patrick Gruhn, the former head of FTX Europe, has paid nearly $1.5 million for a gold pocket watch recovered from the body of the Titanic’s richest passenger, The Wall Street Journal has reported.

Cryptocurrency

2 May 2024

Rabotnik, Affiliate of Ransomware Group REvil, Sentenced to 13 Years in Jail

Ukrainian national, Yaroslav Vasinskyi, also known as Rabotnik, has been sentenced 13 years and seven months in prison for his role in conducting over 2,500 ransomware attacks and demanding over $700 million in ransom payments, the Department of Justic...

Cryptocurrency

2 May 2024

BlackRock’s Bitcoin ETF Posts First Day of Outflows, Leading Record $563M Exit From U.S. Spot Products

Fidelity's FBTC, not GBTC, led outflows on Wednesday in what may be an alarming development for the bulls.

Cryptocurrency

2 May 2024

CZ’s Trial Proves It Pays to Cooperate

His four-month sentence was vindication for the Binance founder’s legal strategy.

Cryptocurrency

2 May 2024

Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled

Hopes for a series of interest rate cuts in 2024 have been quickly vanishing over the past few weeks as both the economy and inflation exhibit unexpected strength.

Cryptocurrency

1 May 2024

The Protocol: EigenLayer’s ‘Intersubjective Forking’ Is Objectively Not Done

Much-hyped restaking project EigenLayer's 43-page whitepaper about its now-revealed EIGEN token has raised lots of questions. They may not matter initially, because much of the promised functionality won't be ready when the token launches.

Cryptocurrency

1 May 2024

Bitcoin’s Ethereum-Style Programmability Could Come in 12 Months, Rootstock Founder Says

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Cryptocurrency

1 May 2024

‘Sell in May and Go Away’: The Seasonality of Crypto-asset Returns

The summer months, between June and September, have historically brought significantly lower investor returns than other months of the year, says André Dragosch, head of research at ETC Group.

Cryptocurrency

1 May 2024

An ETH ETF Wouldn’t Deliver Full-Returns to Investors

An SEC approval for spot ETH ETFs looks unlikely but even if the SEC approves exchange traded funds for Ether, investors should learn about total return ETH investment products. That way, they can gain from staking rewards as well as the underlying ass...

Cryptocurrency

1 May 2024

Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says

The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the report said.

Cryptocurrency

1 May 2024

RWA Tokenization Firm Securitize Raises $47M Led by Fund Partner BlackRock

BlackRock and Securitize last month teamed up to create the BlackRock USD Institutional Digital Liquidity Fund, which may prove to be geared toward RWA tokenization.

Cryptocurrency

1 May 2024

As CZ Gets His Sentence, Michael Lewis Should Rewatch ‘Star Wars’

He likened FTX's Sam Bankman-Fried to Luke Skywalker and Binance's Changpeng Zhao to Darth Vader. Federal judges saw it differently.

Cryptocurrency

1 May 2024

Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions

Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab.

Cryptocurrency

1 May 2024