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Latest headlines from Coindesk.

Jailed Binance Exec’s Bail Hearing in Nigeria Postponed Until May 17

Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on mo...

https://www.coindesk.com/policy/2024/04/23/jailed-binance-execs-bail-hearing-in-nigeria-postponed-until-may-17/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court

The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the...

https://www.coindesk.com/policy/2024/04/23/do-kwon-terraform-labs-should-get-53b-fine-sec-tells-court/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Will Bitcoin’s New BIP Editors Streamline Development?

Five new editors were added to help speed up the process of approving and merging Bitcoin Improvement Proposals.

https://www.coindesk.com/consensus-magazine/2024/04/23/will-bitcoins-new-bip-editors-streamline-development/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Web3 Artist Shavonne Wong on the Future of NFTs

“Having an eye on the horizon makes things less crazy,” says the Consensus 2024 speaker.

https://www.coindesk.com/consensus-magazine/2024/04/23/web3-artist-shavonne-wong-on-the-future-of-nfts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Mt. Gox's Looming $9B Payout Could Weigh on Bitcoin Prices, K33 Research Warns

The defunct crypto exchange will distribute 142,000 BTC and 143,000 BCH to creditors later this year, 10 years after its implosion due to a hack.

https://www.coindesk.com/markets/2024/04/23/mt-goxs-looming-9b-payout-could-weigh-on-bitcoin-prices-k33-research-warns/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether ETFs Are Unlikely to Be Approved in May: Standard Chartered

The bank reiterated its year-end bitcoin and ether targets of $150,000 and $8,000, respectively.

https://www.coindesk.com/markets/2024/04/23/ether-etfs-are-unlikely-to-be-approved-in-may-standard-chartered/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Lobbyists Sue SEC Over 'Dealer' Definition

A U.S. Securities and Exchange Commission rule expanding the definition of a "dealer" to capture digital assets activity went too far, a lawsuit by the Blockchain Association and Crypto Freedom Allian...

https://www.coindesk.com/policy/2024/04/23/crypto-lobbyists-sue-sec-over-dealer-definition/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Galaxy, Lightspeed Lead $15M Raise for Turnkey, Crypto Wallet Startup From Former Coinbase Employees

The company from ex-Coinbase employees aims to help developers build better blockchain wallets.

https://www.coindesk.com/tech/2024/04/23/galaxy-lightspeed-lead-15m-raise-for-turnkey-crypto-wallet-startup-from-former-coinbase-employees/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Patched Cosmos Bug Could've Put $150M At Risk, Says Firm That Reported It

The reentrancy bug was discovered by Asymmetric Research, a core contributor to the Wormhole interoperability protocol.

https://www.coindesk.com/tech/2024/04/23/patched-cosmos-bug-couldve-put-150m-at-risk-says-firm-that-reported-it/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe

The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk.

https://www.coindesk.com/policy/2024/04/23/cryptocom-postpones-south-korea-launch-after-reports-of-money-laundering-probe/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Akash Network’s Token Surges 50% on Upbit Listing

The decentralized cloud computing company also announced its ‘Akash summit’ on Monday, which will take place before Consensus.

https://www.coindesk.com/markets/2024/04/23/akash-networks-token-surges-50-on-upbit-listing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Venezuela Looks to Tether for Oil Sales as Sanctions Return

The latest price moves in bitcoin (BTC) and crypto markets in context for April 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/04/23/first-mover-americas-venezuela-looks-to-tether-for-oil-sales-as-sanctions-return/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin's 200-Day Average Is Approaching a Record High; Here's Why It Matters

The 200-day simple moving average is one of the most widely tracked indicators of the long-term trend.

https://www.coindesk.com/markets/2024/04/23/bitcoins-200-day-average-is-approaching-a-record-high-heres-why-it-matters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

OP, YGG Feeling Sell-Side Pressure as Unlocks Loom

DYDX also has a large unlock scheduled but is not experiencing the same pricing pressure.

https://www.coindesk.com/markets/2024/04/23/op-ygg-feeling-sell-side-pressure-as-unlocks-loom/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Trader FalconX Unveils Institution-Friendly Custody, Trading and Credit Services

Derivatives exchange Deribit is the first to integrate FalconX’s Prime Connect.

https://www.coindesk.com/business/2024/04/23/crypto-trader-falconx-unveils-institution-friendly-custody-trading-and-credit-services/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin's Post-Halving Demand to Be 5x Greater Than Supply, Bitfinex Estimates

The new BTC supply added to the market could drop to $30 million per day, according to Bitfinex.

https://www.coindesk.com/markets/2024/04/23/bitcoins-post-halving-demand-to-be-5x-greater-than-supply-bitfinex-estimates/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment

Ripple Labs filed its opposition on Monday against the U.S. Securities and Exchange Commission's (SEC) proposal to ask a New York judge to impose a nearly $2 billion fine against the company behind th...

https://www.coindesk.com/policy/2024/04/23/ripple-says-10m-penalty-enough-rejects-secs-ask-of-195b-fine-in-final-judgment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Venezuela Looks to Tether to Bypass Sanctions: Reuters

Venezuela's state-run oil company started experimenting with Tether in 2023.

https://www.coindesk.com/policy/2024/04/23/venezuela-looks-to-tether-to-bypass-sanctions-reuters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Eyes $67K After Halving as Altcoins Primed for Short Squeeze, Hedge Fund Says

Crypto-focused stocks also bounced higher, led by bitcoin miners Riot Platforms and Hut 8.

https://www.coindesk.com/markets/2024/04/22/bitcoin-eyes-67k-after-halving-as-altcoins-primed-for-short-squeeze-hedge-fund-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines