Bitcoin channel

21 Jan 2023 01:06

Binance Garnered Largest Market Share of Crypto Investors From Emerging Markets in 2022
https://www.coindesk.com/markets/2023/01/20/binance-garnered-largest-market-share-of-crypto-investors-from-emerging-markets-in-2022/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A CryptoCompare report found that as inflation surged worldwide, the crypto exchange giant attracted the largest number of retail investors from countries facing high inflation.

Bitcoin channel

20 Jan 2023 23:35

SEC Sues Eisenberg for Draining Mango Markets, Alleges MNGO a Security
https://www.coindesk.com/business/2023/01/20/sec-sues-eisenberg-for-draining-mango-markets-alleges-mngo-a-security/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

It’s the latest case to emerge from Avraham Eisenberg’s “highly profitable trading strategy.”

Bitcoin channel

20 Jan 2023 22:11

Bad Vibes from the Word 'Crypto' Have Some Calling for a Rebrand
https://www.coindesk.com/layer2/2023/01/20/bad-vibes-from-the-word-crypto-have-some-calling-for-a-rebrand/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Money-making associations with cryptocurrencies misrepresent them as just currencies and fail to acknowledge the diverse applications of the technology.

Bitcoin channel

20 Jan 2023 19:47

Mississippi, Missouri Lawmakers Introduce Bills To Protect The Rights To Mine Bitcoin And Run A Node
https://bitcoinmagazine.com/legal/mississippi-missouri-bills-to-protect-bitcoin

Committees from both states will soon vote on bills that would provide a variety of protections for Bitcoin mining operations and node runners.

Bitcoin channel

20 Jan 2023 19:27

Sullivan & Cromwell Gets Go-Ahead to Represent FTX in Bankruptcy Proceedings, Despite Controversy
https://www.coindesk.com/policy/2023/01/20/sullivan-cromwell-gets-go-ahead-to-represent-ftx-in-bankruptcy-proceedings-despite-controversy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

James Bromley, a partner at Sullivan & Cromwell, said former CEO Sam Bankman-Fried has been stirring the pot by “lashing out” on Twitter.

Bitcoin channel

20 Jan 2023 16:37

Fantom Blockchain to Fund Ecosystem Projects Using Portion of Burnt FTM Fees
https://www.coindesk.com/tech/2023/01/20/fantom-blockchain-to-fund-ecosystem-projects-using-portion-of-burnt-ftm-fees/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The fund is aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas, and creations through a community-driven decision process.

Bitcoin channel

20 Jan 2023 16:32

First Mover Americas: Bitcoin, Ether Rise Slightly After Genesis' Chapter 11 Filing
https://www.coindesk.com/markets/2023/01/20/first-mover-americas-bitcoin-tops-21k-outshines-sp-500-gold/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin channel

20 Jan 2023 09:19

Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows
https://www.coindesk.com/business/2023/01/19/geminis-bitcoin-inflows-from-other-exchanges-dropped-to-roughly-six-year-low-cryptoquant-data-shows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Gemini’s 30-day simple moving average of its BTC inflows from accounts on other exchanges suggest traders find Gemini less desirable than other exchanges.

Bitcoin channel

20 Jan 2023 09:18

Genesis Owes Over $3.5B to Top 50 Creditors
https://www.coindesk.com/business/2023/01/20/genesis-owes-over-35b-to-top-50-creditors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Genesis has over 100,000 creditors between the of its companies that declared bankruptcy.

Bitcoin channel

20 Jan 2023 07:28

Genesis' Crypto Lending Businesses Files for Bankruptcy Protection
https://www.coindesk.com/business/2023/01/20/genesis-global-files-for-bankruptcy-protection/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.

Bitcoin channel

20 Jan 2023 04:54

Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?
https://www.coindesk.com/markets/2023/01/20/solana-blockchain-sol-token-doubles-from-ftx-crash-induced-lows-but-will-it-continue-to-rebound/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

SOL’s price has surged 114% so far this year, slowly recovering from losses from early November. Crypto traders and analysts are navigating the prospects for the Solana community.

Bitcoin channel

20 Jan 2023 01:07

Huobi, Confirming Justin Sun as Leader, Takes Aim at 'Rat Trading'
https://www.coindesk.com/business/2023/01/19/huobi-confirming-justin-sun-as-leader-takes-aim-at-rat-trading/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Singapore-based exchange Huobi confirmed Thursday that Justin Sun, founder and CEO of Tron, and one of the richest people in crypto, is not just a member of the Global Advisory Board, but is leading the exchange.

Bitcoin channel

19 Jan 2023 23:41

China Launches Smart Contract Functionality on Digital Yuan Through E-Commerce App Meituan
https://www.coindesk.com/policy/2023/01/19/china-launches-smart-contract-functionality-on-cbdc-through-e-commerce-app-meituan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Through the smart contract, users can win part of a daily prize of $1,312 for using the digital yuan.

Bitcoin channel

19 Jan 2023 23:39

Circle CEO: US Stablecoin Legislation Is ‘Lowest-Hanging Fruit’
https://www.coindesk.com/policy/2023/01/19/circle-ceo-us-stablecoin-legislation-is-lowest-hanging-fruit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Jeremy Allaire says stablecoin regulation will be what lawmakers are focusing on this year because of its straightforward nature and significant growing potential.

Bitcoin channel

19 Jan 2023 20:16

MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves
https://www.coindesk.com/markets/2023/01/19/makerdao-votes-to-keep-gemini-usd-in-dai-stablecoins-reserves/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

In a dramatically tight voting, some 51% of votes favored ousting Gemini’s stablecoin from MakerDAO’s reserve. The result is a significant blow to GUSD, as MakerDAO has held 85% of all tokens in circulation.

Bitcoin channel

21 Jan 2023 01:05

Crypto Markets Today: Bitcoin Surges Above $22K, Genesis Has Over $5B in Liabilities
https://www.coindesk.com/markets/2023/01/20/crypto-markets-today-bitcoin-surges-above-22k-genesis-has-over-5b-in-liabilities/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin rose 6% to trade at $22,300. Ether was also trading up, by 5% to $1,640. Equities closed up.

Bitcoin channel

20 Jan 2023 22:12

Crypto Lender Genesis Is FTX's Largest Unsecured Creditor With $226M in Claims
https://www.coindesk.com/policy/2023/01/20/crypto-lender-genesis-global-capital-is-ftxs-largest-unsecured-creditor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Genesis Global Capital leads the revised list that un-redacted the names of several creditors.

Bitcoin channel

20 Jan 2023 21:40

Crypto Lender Genesis Files For Chapter 11 Bankruptcy
https://bitcoinmagazine.com/business/crypto-lender-genesis-chapter-11-bankruptcy

The embattled crypto lender has filed a slew of voluntary bankruptcy notices in order to restructure itself.

Bitcoin channel

20 Jan 2023 19:28

Genesis Claims $5.1B in Liabilities in First Day Bankruptcy Filing
https://www.coindesk.com/business/2023/01/20/genesis-claims-51b-in-liabilities-in-first-day-bankruptcy-filing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday.

Bitcoin channel

20 Jan 2023 19:27

Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B
https://www.coindesk.com/business/2023/01/20/digital-currency-group-owes-subsidiary-genesis-global-over-165b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion.

Bitcoin channel

20 Jan 2023 16:35

Craig Wright’s Blacklist Resembles Bitcoin ‘Kill Switch’ Satoshi Never Followed Through On
https://www.coindesk.com/tech/2023/01/20/craig-wrights-blacklist-resembles-bitcoin-kill-switch-satoshi-never-followed-through-on/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The blacklist manager was unveiled last October and is part of Bitcoin SV’s digital asset recovery process.

Bitcoin channel

20 Jan 2023 15:22

Mainstream Bitcoin Exchanges Have Obscured The Value Of Private, P2P Alternatives
https://bitcoinmagazine.com/culture/the-value-of-p2p-bitcoin-exchanges

Mainstream bitcoin exchanges which collect troves of user data have warped users’ expectations for privacy-preserving, peer-to-peer versions.

Bitcoin channel

20 Jan 2023 09:18

BTC, ETH Hold Steady After Genesis' Bankruptcy, Crypto Traders Say Bad News Was Priced In
https://www.coindesk.com/markets/2023/01/20/bad-news-is-priced-in-crypto-traders-say-as-btc-eth-hold-steady-after-genesis-bankruptcy-filing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays.

Bitcoin channel

20 Jan 2023 09:17

Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy
https://www.coindesk.com/business/2023/01/20/cameron-winklevoss-threatens-legal-action-against-dcg-ceo-after-genesis-bankruptcy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Gemini CEO has been involved in a weeks-long public spat with DCG over the repayment of a $900 million loan.

Bitcoin channel

20 Jan 2023 07:27

First Mover Asia: Bitcoin Returns to Its Winning Ways
https://www.coindesk.com/markets/2023/01/20/first-mover-asia-bitcoin-returns-to-its-winning-ways/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Shaurya Malwa writes about Singapore asset management firm Cobo's initiative to introduce separate custodian, clearing and settlement services to crypto; Bitcoin's price rises back past $21K.

Bitcoin channel

20 Jan 2023 01:08

Bitcoin Holds Steady Near $21K Even as Equities Slide
https://www.coindesk.com/markets/2023/01/19/bitcoin-holds-steady-near-21k-even-as-equities-slide/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin was hovering near $21,100 Thursday in afternoon trading. Genesis’ looming bankruptcy filing and the crypto industry’s other recent travails should be priced in, one analyst said.

Bitcoin channel

20 Jan 2023 01:06

NFT Marketplace Blur Delays Native Token Launch
https://www.coindesk.com/web3/2023/01/19/nft-marketplace-blur-postpones-native-token-launch/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The platform, which targets pro NFT traders, said it would launch its BLUR governance token on February 14 after months of incentivized airdrops.

Bitcoin channel

19 Jan 2023 23:40

Sports NFT Firm Candy Digital Raised Over $38M Amid Founder Strife
https://www.coindesk.com/business/2023/01/19/sports-nft-firm-candy-digital-raised-over-38m-amid-founder-strife/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

An SEC filing reveals the offering weeks after reports that Fanatics would unload its 60% stake.

Bitcoin channel

19 Jan 2023 22:35

New Hampshire Commission Recommends Statewide Bitcoin Mining Energy Plan
https://bitcoinmagazine.com/legal/new-hampshire-commission-recommends-bitcoin-mining

A commission out of New Hampshire has found that the positive impacts of bitcoin mining on the electricity system are worthy of further consideration.

Bitcoin channel

19 Jan 2023 17:52

Bitcoin Miner CleanSpark Builds 50MW Additional Mining Capacity at Georgia Site
https://www.coindesk.com/business/2023/01/19/bitcoin-miner-cleanspark-starts-building-its-50mw-mining-site-in-georgia/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The mining firm will increase its computing power by 25% to 34% after the site goes online.