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Latest headlines from Coindesk.

Craig Wright Told by UK Court to Stop Making ‘Irrelevant Allegations’ as COPA Trial Continues

Wright continued to blame a host of reasons and people for inconsistencies pointed out by opposing counsel on Monday as his cross-examination continued.

https://www.coindesk.com/policy/2024/02/12/craig-wright-told-by-uk-court-to-stop-making-irrelevant-allegations-as-copa-trial-continues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tether and Circle Stablecoin Purchases Dominate in Argentina

Stablecoin purchases are proving popular for Argentine citizens amid a severe economic crisis in the nation.

https://www.coindesk.com/markets/2024/02/12/tether-and-circle-stablecoin-purchases-dominate-in-argentina/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse

The bankrupt exchange's unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.

https://www.coindesk.com/business/2024/02/12/ftx-to-sell-custody-unit-for-500k-after-paying-10m-just-months-before-collapse/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The FTX Hack: The Unsolved SIM Swap Mystery

New rules from the SEC and FCC, and the former’s own SIM swap incident, are likely to raise scrutiny on crypto firms to clamp down on a scourge of identity-hacks, says Andrew Adams, partner at Steptoe...

https://www.coindesk.com/consensus-magazine/2024/02/12/the-ftx-hack-the-unsolved-sim-swap-mystery/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Pushes Through $50K for First Time Since Late 2021

The world's largest crypto has now roughly tripled in price in 2023, surely signaling the end of the industry's long bear market.

https://www.coindesk.com/markets/2024/02/12/bitcoin-hits-50k-on-coinbase-for-first-time-since-late-2021/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Runs Into $50K Resistance as Sellers Step In on Binance, Coinbase

Bitcoin approached the $50,000 level Monday for the first time in more than two years, but selling pressure on exchanges stalled the advance.

https://www.coindesk.com/markets/2024/02/12/bitcoin-runs-into-50k-resistance-as-sellers-step-in-on-binance-coinbase/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Tops $49K as Bitcoin ETF Inflows Accelerate

Bitcoin price approaches $49,000 Monday after strong spot bitcoin ETF inflows last week.

https://www.coindesk.com/markets/2024/02/12/bitcoin-tops-49k-as-bitcoin-etf-inflows-accelerate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Digital Currency Group Reports Q4 Revenue of $210M, Up 59% Y/Y (Full Text)

Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.

https://www.coindesk.com/business/2024/02/12/digital-currency-group-reports-q4-revenue-of-210m-up-59-yy-full-text/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Bitcoin Hovers Below $48K; Immutable X Soars

The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/02/12/first-mover-americas-bitcoin-hovers-below-48k-immutable-x-soars/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana's Second Phone Crosses 100,000 Presales, Securing $45M for Development

Solana Mobile's "chapter 2" smartphone could ship in early 2025.

https://www.coindesk.com/business/2024/02/12/solanas-second-phone-crosses-100000-presales-securing-45m-for-development/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Philippines Rules Out Blockchain for Wholesale CBDC Seen Likely by 2026: Report

The country's central bank does not plan on issuing a retail version of the digital currency.

https://www.coindesk.com/policy/2024/02/12/philippines-rules-out-blockchain-for-wholesale-cbdc-seen-likely-by-2026-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin 'Stronger’ Ahead of Halving: Grayscale

A slew of newer features means bitcoin is “evolving into something even more” than merely digital gold, a core investment thesis.

https://www.coindesk.com/markets/2024/02/12/bitcoin-stronger-ahead-of-halving-grayscale/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ethereum Validator Entry Queue Signals Renewed Interest in Staking

The validator entry queue has jumped to 7,045, the highest since Oct. 6, according to data source ValidatorQueue.

https://www.coindesk.com/markets/2024/02/12/ethereum-validator-entry-queue-signals-renewed-interest-in-staking/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Australian Judge Hands Split Decision in Market’s Regulator vs Block Earner

An Australian court has given a split decision in a case brought by Australia's markets regulator against Sydney-based crypto start-up Block Earner.

https://www.coindesk.com/policy/2024/02/12/australian-judge-hands-split-decision-in-markets-regulator-vs-block-earner/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Logs Biggest Weekly Gain Since October as S&P 500 Tops 5K

The S&P 500 look expensive relative to bonds, but that does not imply risk aversion or outflow of money from stocks and crypto and into Treasury notes.

https://www.coindesk.com/markets/2024/02/12/bitcoin-logs-biggest-weekly-gain-since-october-as-sp-500-tops-5k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report

The country's Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it.

https://www.coindesk.com/markets/2024/02/12/new-zealand-central-banker-adrian-orr-says-stablecoins-arent-stable-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin ETFs Flows Could Propel BTC Prices to $112K This Year: CryptoQuant

Spot bitcoin ETFs have amassed more than 192,000 bitcoin in holdings, as of Friday, since their launch nearly a month ago.

https://www.coindesk.com/markets/2024/02/12/bitcoin-etfs-flows-could-propel-btc-prices-to-112k-this-year-cryptoquant/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ripple-Owned Crypto Custody Firm Metaco's CEO and Head of Product Depart

Metaco CEO Adrien Treccani and Chief Product Officer Peter DeMeo have left the crypto custody firm that was acquired by Ripple last year.

https://www.coindesk.com/business/2024/02/11/ripple-owned-crypto-custody-firm-metacos-ceo-and-head-of-product-depart/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ethereum Has Gatekeepers (for Good Reason)

A new, non-standard token standard called ERC-404 circumvented the usual token approval process and is capitalizing on a term with an actual definition.

https://www.coindesk.com/consensus-magazine/2024/02/09/ethereum-has-gatekeepers-for-good-reason/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

New York Expands Fraud Case Against Digital Currency Group to $3 Billion

New York Attorney General Letitia James has amplified its fraud case against Digital Currency Group (DCG), now saying the company is responsible for $3 billion in investor losses tied to the Gemini Ea...

https://www.coindesk.com/policy/2024/02/09/new-york-expands-fraud-case-against-digital-currency-group-to-3-billion/?utm_medium=referral&utm_source=rss&utm_campaign=headlines