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Sam Reynolds, Shaurya Malwa @ CoinDesk · 09/18/2024 02:49 EDT

Bitcoin Holds Above $60K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut

Traders betting on Fed fund contracts are pricing in a 65% implied probability of rates cut to a 4.5-5% range. PLUS: Circle announces partnership with Polymarket Read more ›

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CoinDesk
Sam Reynolds @ CoinDesk · 09/18/2024 01:22 EDT

BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin

BitGo says USDS is an "open participation" stablecoin that provides rewards to institutions for providing liquidity to the ecosystem. Read more ›

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CoinDesk
Amitoj Singh @ CoinDesk · 09/17/2024 23:26 EDT

Animoca's Timeline to Go Public Would Depend on The Market's Status: Yat Siu

Animoca Brands is hoping to go public soon but the final decision on the timeline is dependent on a key component, the "market’s status, amongst other" aspects, the Web3 giant’s chairman Yat Siu told CoinDesk in Singapore on Monday. Read more ›

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CoinDesk
Amitoj Singh @ CoinDesk · 09/17/2024 20:00 EDT

Decentralized AI Society Launched to Fight Tech Giants Who 'Own the Regulators'

Web3 industry leaders have launched a non-profit organization called the Decentralized AI Society (DAIS), dedicated to tackling the probability of the monopolisation of the Artificial Intelligence (AI) industry, the chair of DAIS, Michael Casey told CoinDesk in an interview on the sidelines of Token 2049 on Tuesday. Read more ›

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CoinDesk
Krisztian Sandor @ CoinDesk · 09/17/2024 17:01 EDT

DePIN Tech Shows Promise, But Implementation Faces Several Hurdles, Moody's Says

The Wall Street ratings agency's first-ever report about the sector underscores the increased attention towards DePIN apps. Read more ›

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CoinDesk
Cheyenne Ligon @ CoinDesk · 09/17/2024 15:30 EDT

SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams

The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing. Read more ›

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CoinDesk
David Zimmerman @ CoinDesk · 09/17/2024 14:54 EDT

Forget Meme Coins, Crypto Utility Is Already Here

Memecoin mania has many wondering if crypto will stop the nonsense and deliver real use-cases, but crypto utility is already here if we simply look, says David Zimmerman, a research analyst at K33 Research. Read more ›

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CoinDesk
Helene Braun @ CoinDesk · 09/17/2024 14:50 EDT

Brian Armstrong, ETF Experts Shoot Down 'Paper Bitcoin' Rumors

Rumors alleging Coinbase (COIN) of issuing bitcoin IOUs to BlackRock were quickly shut down by industry experts as well as Coinbase CEO Brian Armstrong on Monday. Read more ›

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CoinDesk
Andy Boyan @ CoinDesk · 09/17/2024 14:49 EDT

Key Opinion Leaders Are Bad for the Crypto Industry

That’s why my new project isn’t paying them. (And who is Professor Crypto, anyway?) Read more ›

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CoinDesk
Cheyenne Ligon @ CoinDesk · 09/17/2024 14:26 EDT

International accounting firm Prager Metis has agreed to pay $745,000 to settle misconduct allegations from the U.S. Securities and Exchange Commission (SEC) tied to its bungled audit of FTX before its collapse in November 2022. Read more ›

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CoinDesk
Lucas Schweiger @ CoinDesk · 09/17/2024 14:02 EDT

Will Ether’s Supply Crunch Lead to Higher Prices in Q4?

Ether’s price might be falling, but its liquid supply is shrinking. If demand picks up next quarter, we could see a supply crunch that pushes prices higher, says Lucas Schweiger, Digital Asset Research Manager at Sygnum Bank. Read more ›

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CoinDesk
Cheyenne Ligon @ CoinDesk · 09/17/2024 12:57 EDT

U.S. Treasury Sanctions Cambodian Tycoon With Ties to Pig Butchering Scams

One of Cambodia’s wealthiest businessmen has been hit with U.S. sanctions for allegedly playing a role in serious human rights abuses – including human trafficking and torture – tied to a pig butchering scam operation headquartered in the Southeast Asian country. Read more ›

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CoinDesk
Krisztian Sandor @ CoinDesk · 09/17/2024 12:55 EDT

Bitcoin Gains 5% to $61K Ahead of Fed, but Order Books Suggest Rally Could Be Capped

Wednesday's FOMC meeting carries uncertainty for the market, with investors still divided on the magnitude of rate cut. Read more ›

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CoinDesk
Jesse Hamilton @ CoinDesk · 09/17/2024 12:40 EDT

U.S. Republican Lawmakers Say Crypto Legislation Not Yet Off the Table for This Year

Two of the leading U.S. lawmakers seeking crypto oversight legislation, Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), are maintaining their position that a chance remains for a bill to clear Congress before the year is out. Read more ›

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CoinDesk
Jesse Hamilton @ CoinDesk · 09/17/2024 11:39 EDT

U.S. CFTC Chair Behnam Says Regulator Will Keep Pursuing Kalshi Case

After the U.S. Commodity Futures Trading Commission's court defeat last week in the agency's pursuit of Kalshi's election contracts, the regulator's chairman, Rostin Behnam, said it will still keep pursuing the case against what it continues to contend is illegal activity. Read more ›

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CoinDesk
Helene Braun @ CoinDesk · 09/17/2024 10:46 EDT

BlackRock's Bitcoin ETF Monday Posted First Net Inflows in 14 Days

BlackRock’s iShares Bitcoin Trust (IBIT) broke its 13-day long streak of flat or negative flows, with the fund Monday taking in $15.8 million, according to data from Farside Investors. Read more ›

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CoinDesk
Krisztian Sandor @ CoinDesk · 09/17/2024 10:33 EDT

Tether-Issued Stablecoin USDT's Market Share Grows to 75% as Market Cap Tops $118B

The largest stablecoin's market cap has almost doubled, while key rivals declined and new entrants have yet to challenge its position. Read more ›

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CoinDesk
Graeme Moore @ CoinDesk · 09/17/2024 10:21 EDT

Donald Trump Is Now a DeFi Enthusiast. Here’s Why It Matters

Trump’s new DeFi project may fail, as many do, but its launch, coming in the midst of a presidential campaign, is further proof that crypto has entered the mainstream, says Graeme Moore, head of tokenization at the Polymesh Association. Read more ›

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25.11.2024 21:36
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