Ether's $3K Breakout Partly Fueled by Dealer Hedging, Analyst Says
Options dealers likely bought ETH in spot/futures market to hedge their short call exposure, adding to bullish momentum, BloFin's Griffin Ardern said.
First Mover Americas: AI Mania Heats Up
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
Bitcoin ETF Approval Comparable to 'Naked Emperor’s New Clothes,’ ECB Officials Say
The U.S. SEC’s approval of multiple spot ETFs and the billions of dollars that have poured in since doesn't make Bitcoin a good investment or a better means of payment, the central bankers said in a b...
South Korea’s Most Populated Province Traces and Collects $4.6M From Crypto Tax Evaders
South Korea's most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders, it announced on Thursday, according to a local report by Yonhap News Agency.
South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases
The Intergovernmental Fintech Working Group is also considering the impact of tokenization on domestic markets.
Paris Saint-Germain Becomes First Soccer Team to Validate a Blockchain
French football giant Paris Saint-Germain said it will become a network validator for the Chilliz Chain and use the revenue to repurchase its fan tokens.
Vitalik Buterin Floats Idea of AI-Based Code Audits, Ethereum Project Developers Back Him Up
In 2023, crypto users lost an estimated $2 billion to hacks and scams, with Ethereum experiencing the highest losses due to its extensive ecosystem and high-profile projects.
Bitcoin Back Over $51K, Crypto Market Recovers as Nvidia Earnings Rejuvenates AI-Tokens
The haphazard price action caused over $200 million in liquidations of crypto-tracked futures, of which $150 million were longs, or bets, against higher prices.
Risk Manager Gauntlet Terminates Relationship with Aave, Citing DAO Dysfunction
Gauntlet co-founder John Morrow said his team "found it difficult to navigate the inconsistent guidelines and unwritten objectives" of Aave's "largest stakeholders."
Protocol Village: Wormhole Collaborates With AMD to Make Hardware Accelerators
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 22-28.
DCG Calls Out Genesis' Settlement With New York as 'Subversive'
Digital Currency Group (DCG) is objecting to the settlement between the New York attorney general and Genesis – the failed crypto lender that was among DCG's array of digital assets businesses.
Bitcoin Could Hit $150K This Year, Says Fundstrat's Tom Lee
Bitcoin price can reach as high as $150,000 this year fueled by ETFs, halving and Fed rate cuts, Fundstrat's Tom Lee said.
Nvidia's Earnings Beat Estimates, Boosting Broader Market and AI Tokens
Sam Bankman-Fried Replaces Lawyers Ahead of Sentencing
Sam Bankman-Fried replaced his former lawyers, Mark Cohen and Christian Everdale, as he’s headed into sentencing negotiations.
Why Circle’s USDC Is Dumping Tron
It could be part of a long-time realignment separating compliant and gray-market crypto, says Daniel Kuhn.
Crypto Action in Senate Remains on Back Burner: Sources
Despite keen interest from U.S. Senate Democrats such as Elizabeth Warren (D-Mass.) to deal with the illicit movement of funds in crypto, there's no immediate action planned in the committee that woul...
Polygon, StarkWare Tout New 'Circle STARKs' as Breakthrough for Zero-Knowledge Proofs
Circle STARKs are supposed to accelerate the proving process for zero-knowledge rollups, according to a white paper published by Polygon Labs and StarkWare.
The Protocol: Restaking Tokens Are Exploding, and Restaking Isn't Even Live
In this week's issue of our weekly blockchain tech newsletter, Sam Kessler explores how "liquid restaking tokens" or LRTs are remaking decentralized finance. PLUS: Starknet's STRK airdrop, Stellar's s...
Former Fidelity Digital Assets Head Joins Advisory Board of Ethereum L2 Layer N
Luc Froehlich will help guide Layer N's Real World Asset, TradFi, and tokenization strategies.