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First Mover Americas: Grayscale Explores Options to Return Portion of GBTC
19.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 19, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate as Markets Prepare for Christmas Break
19.12.2022
Bitcoin continued to consolidate to start the week, as market volatility remained in place ahead of the Christmas holidays. The world’s largest cryptocurrency remained below $17,000 on Monday, as price attempted to break out of a key resistance level. Ethereum was below $1,200 on Monday....
Polychain Leads $7M Funding for Hardware Wallet Developer Foundation Devices
19.12.2022
The Bitcoin-focused startup offers the Passport hardware wallet and Envoy mobile app
Binance.US Agrees to Buy Voyager's Assets for $1.02B
19.12.2022
The agreement comes after CoinDesk had reported last month that Binance was preparing a bid for Voyager's assets
Kazakhstan to Press On With CBDC Development Until 2025
19.12.2022
For the next two years, the country will work on launching into industrial operation, and will cooperate other other central banks for cross-border and currency-exchange operations
Yuga Labs Names Former Activision Blizzard President Daniel Alegre as New CEO
19.12.2022
The Bored Ape parent company said Alegre's previous gaming experience will help advance the brand's Otherside metaverse and propel its ambitions for an "immersive Web3 world."
Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
19.12.2022
Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of...
Binance Finalizes Acquisition of Indonesian Crypto Trading Firm Tokocrypto
19.12.2022
Tokocrypto CEO will step down and 58% of staff to be laid off as part of the deal, says Tokocrypto spokesperson
Nigeria to Recognize Crypto as Investment Capital: Report
19.12.2022
A proposed bill will lay out crypto supervisory powers of the Central Bank of Nigeria and the country's securities regulator, an official has said
Grayscale Will Explore Returning 20% of Investor Capital if SEC Refuses Spot Bitcoin ETF: Report
19.12.2022
Grayscale Investments is exploring options to return a portion of capital underlying its flagship Grayscale Bitcoin (GBTC) product if the SEC refuses to grant a bitcoin exchange-traded fund (ETF), according to a report
Sam Bankman-Fried Won’t Contest US Extradition: Reports
19.12.2022
The change of heart suggests the founder of the crypto exchange founder may leave his Bahamas jail cell
Crypto Options Market Has Become More 'Interdealer' Since FTX's Blowup: Paradigm
19.12.2022
Market makers' share of crypto options trading volume settled through OTC tech platform Paradigm has increased as hedge funds, family offices and high-net worth individuals sit on the fence
Web3 Privacy Layer Aztec Raises $100 Million in Series B Funding Round to Produce an Encrypted Version of Ethereum
19.12.2022
Aztec, a Web3 privacy layer, has raised $100 million in a Series B funding round led by the Andreessen Horowitz subsidiary a16z crypto. The organization, which already offers privacy-based services for a slew of Ethereum-based apps, will now focus on constructing an encrypted version of Ethereum...
Former BitMEX CEO Alexander Hoeptner Sues Exchange for Breach of Contract and Wrongful Termination
19.12.2022
It was previously reported that Hoeptner left the company in October 2022
Storage Protocol Tokens Slide as Traders Short FileCoin and Storj
19.12.2022
Filecoin saw record shorts over the weekend as its down 28% over the past five days, while StorJ is down 20% in the same time period
Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say
19.12.2022
Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use crypto exchanges. Prosecutor’s Office Insists Russian...
SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries
19.12.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stressed the importance of bringing “intermediaries and issuers of crypto securities” into compliance. In addition, the U.S. Treasury Department’s Financial Stability Oversight Council (FSOC)...
First Mover Asia: Missing From the Debate About Binance’s Proof of Reserves and Auditor, One Metric Shows Another Exchange Could Be in Trouble
19.12.2022
Shark Tank Star Kevin O’Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried
19.12.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has defended his support of the collapsed crypto exchange FTX and its former CEO Sam Bankman-Fried (SBF). “This is America. The justice system provides the presumption of innocence unless proven otherwise,” he stressed....
Federal Prosecutors Probe Democrats Over Donations From Sam Bankman-Fried
19.12.2022
Several members of the U.S. Democratic Party and campaign committees are reportedly being probed by federal prosecutors over donations from former FTX CEO Sam Bankman-Fried (SBF) and another executive of the collapsed cryptocurrency exchange. “To any person, entity, or political campaign that...