Bitcoin channel

18 Feb 2023 05:40

Bitcoin Soars, Then Retreats. What’s Behind This Week’s Rollercoaster? What’s Ahead?
https://www.coindesk.com/markets/2023/02/18/bitcoin-soars-then-retreats-whats-behind-this-weeks-rollercoaster-whats-ahead/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Its Thursday retreat notwithstanding, bitcoin has surged about 13% over the past seven days. The spike reflects investor optimism, although macroeconomic concerns remain.

Bitcoin channel

18 Feb 2023 00:27

Custodia Bank Renews Push for Fed 'Master Account' After Rejection
https://www.coindesk.com/policy/2023/02/17/custodia-bank-renews-push-for-fed-master-account-after-rejection/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Custodia Bank filed an amended complaint against the Federal Reserve Friday, weeks after the Fed rejected its effort to secure a "master account" and become a member of the Federal Reserve System.

Bitcoin channel

18 Feb 2023 00:03

Arbitrum Native Decentralized Exchange Camelot Growing Massively in February
https://www.coindesk.com/markets/2023/02/17/arbitrum-native-decentralized-exchange-camelot-growing-massively-in-february/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The price of GRAIL, the native token for Camelot, has soared 520% since Feb. 1, per CoinGecko.

Bitcoin channel

17 Feb 2023 23:16

Bitcoin Miner Hive Delays Latest Financial Filings Till End of February
https://www.coindesk.com/business/2023/02/15/bitcoin-miner-hive-delays-latest-financial-filings-till-feb-end/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hive has applied the British Columbia Securities Commission for a management cease trade order, which restricts its CEO and CFO from trading shares until the filing has been completed.

Bitcoin channel

17 Feb 2023 23:16

Sam Bankman-Fried, Caroline Ellison, and Other Company Insiders Subpoenaed by FTX for Documents
https://www.coindesk.com/markets/2023/02/15/sam-bankman-fried-caroline-ellison-and-other-company-insiders-subpoenaed-by-ftx-for-documents/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Subpoenas come after a U.S. judge overseeing bankruptcy proceedings gave a green light to FTX's Official Committee of Unsecured Creditors and its leadership to serve the insiders.

Bitcoin channel

17 Feb 2023 23:12

Bitcoin NFTs Challenge the Blockchain’s Largest Use Case: Money
https://www.coindesk.com/tech/2023/02/17/bitcoin-nfts-challenge-the-blockchains-largest-use-case-money/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Bitcoin community has been abuzz with conversations around how Ordinal Inscriptions could signal a technical improvement to NFTs. But the increased fees and transaction speeds associated with them could stifle Bitcoin’s primary use case as a medium of exchange.

Bitcoin channel

17 Feb 2023 21:01

Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Personal Jet Company
https://www.coindesk.com/business/2023/02/17/crypto-miner-core-scientific-paid-more-than-1m-to-ceo-affiliated-personal-jet-company/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The bankrupt bitcoin miner stopped making payments to the company right before it stopped paying off its debt.

Bitcoin channel

17 Feb 2023 20:59

Crypto Has an Incest Problem
https://www.coindesk.com/policy/2023/02/17/crypto-has-an-incest-problem/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Court filings reveal complex interlocking relations between major crypto firms – with implications for the ecosystem’s resilience, and for customers owed money.

Bitcoin channel

17 Feb 2023 20:58

Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy
https://www.coindesk.com/business/2023/02/17/celsius-failed-to-record-some-7000-intercompany-transfers-worth-billions-leading-up-to-bankruptcy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender's intercompany claim, court filings show.

Bitcoin channel

17 Feb 2023 20:38

Blockchain Security Firm Ironblocks Raises $7M From Collider Ventures, Disruptive AI and Others
https://www.coindesk.com/business/2023/02/15/blockchain-security-firm-ironblocks-raises-7m-from-collider-ventures-disruptive-ai-and-others/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The fundraise follows a record year of crypto losses to hackers.

Bitcoin channel

17 Feb 2023 20:38

FTX Seeks to Reclaim $400 Million From a JPMorgan Account: New York Times
https://www.coindesk.com/business/2023/02/15/ftx-seek-to-reclaim-400-million-from-a-jpmorgan-account-new-york-times/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The funds, invested in a hedge fund called Modulo, were converted into cash and are sitting in an interest-bearing account.

Bitcoin channel

17 Feb 2023 14:23

How Solvency Check Error Led to USP Depegging on Avalanche Based Platypus Finance
https://www.coindesk.com/tech/2023/02/17/how-solvency-check-error-led-to-usp-depegging-on-avalanche-based-platypus-finance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack.

Bitcoin channel

17 Feb 2023 07:20

Crypto Theft Rose in 2022 as Scams, Ransomware Bounty Fell: Chainalysis
https://www.coindesk.com/markets/2023/02/17/crypto-theft-rose-in-2022-as-scams-ransomware-bounty-fell-chainalysis/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2022 became a year of crypto thefts, but illicit transactions still account only for a meager share of all crypto activity, Chainalysis says.

Bitcoin channel

17 Feb 2023 04:00

First Mover Asia: Crypto Momentum Falters as Bitcoin Retreats to $23.6K
https://www.coindesk.com/markets/2023/02/17/first-mover-asia-crypto-momentum-falters-as-bitcoin-retreats-to-236k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Sam Reynolds considers a rising trend of crypto startups postponing their token launches, part of the fallout from the collapse of crypto exchange FTX and its trading arm Alameda Research. Bitcoin rises early but tumbles later to $23.5K.

Bitcoin channel

17 Feb 2023 02:26

Binance Moved Funds From US Affiliate's Silvergate Bank Account in 2021: Reuters
https://www.coindesk.com/policy/2023/02/16/binance-moved-funds-from-us-affiliates-silvergate-bank-account-in-2021-reuters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto exchange

Bitcoin channel

18 Feb 2023 00:28

Filecoin’s FIL Token Jumps More Than 30%, Sparking Interest in Virtual Machine Launch
https://www.coindesk.com/business/2023/02/17/filecoins-fil-token-jumps-more-than-30-sparking-interest-in-virtual-machine-launch/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

It wasn’t immediately clear what prompted the rally.

Bitcoin channel

18 Feb 2023 00:04

OpenSea Goes Zero-Fee, Creator Royalties Optional
https://www.coindesk.com/web3/2023/02/17/opensea-goes-zero-fee-creator-royalties-optional/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The leading marketplace’s policy shift stems from tension with popular zero-fee marketplace Blur.

Bitcoin channel

17 Feb 2023 23:16

Explaining the Disconnect Between Bitcoin and Treasury Yields Post-US Inflation Data
https://www.coindesk.com/markets/2023/02/15/explaining-the-disconnect-between-bitcoin-and-treasury-yields-post-us-inflation-data/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin and technology stocks rose Tuesday even as hotter-than-expected U.S. inflation revived Fed angst and lifted Treasury yields.

Bitcoin channel

17 Feb 2023 23:16

Crypto Long & Short: Sorting Out Bitcoin’s P/E Ratio
https://www.coindesk.com/business/2023/02/15/crypto-long-short-sorting-out-bitcoins-pe-ratio/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

This week, Glenn Williams Jr. taps his equity research analyst background – the land of price-to-earnings ratios and other valuation techniques – to sort out whether bitcoin is under- or overvalued. Then, Jennifer Murphy, the CEO of Runa Digital Assets, puts digital assets into very broad historical context (the year 1771 gets a mention) and explains how just a few winners tend to drive markets over the long-haul.

Bitcoin channel

17 Feb 2023 23:13

Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg
https://www.coindesk.com/business/2023/02/17/binance-considers-severing-us-ties-in-face-of-crypto-crackdown-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The crypto exchange has been investigated by a host of U.S. regulators and government agencies.

Bitcoin channel

17 Feb 2023 21:02

4 Huge Revelations in the SEC’s Charges Against Do Kwon and Terraform Labs
https://www.coindesk.com/consensus-magazine/2023/02/17/4-huge-revelations-in-the-secs-charges-against-do-kwon-and-terraform-labs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

TerraUSD was a more overt and calculated fraud than was previously known – and Do Kwon is still cashing out, at size.

Bitcoin channel

17 Feb 2023 21:00

MicroStrategy Has Raised $46.6M Through Share Sales Since September
https://www.coindesk.com/business/2023/02/17/microstrategy-has-raised-466m-through-share-sales-since-september/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The company in September issued a prospectus for the sale of up to $500 million in common stock.

Bitcoin channel

17 Feb 2023 20:59

Trader Front-Runs Gains Network's Listing on Crypto Exchange Binance to Profit $100K
https://www.coindesk.com/business/2023/02/17/trader-frontruns-gains-networks-listing-on-crypto-exchange-binance-to-profit-100k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A trader bought $208,000 worth of Gains Network (GNS) tokens less than 30 minutes before the token was listed on Binance, making a profit of $106,000 according to blockchain sleuth Lookonchain.

Bitcoin channel

17 Feb 2023 20:38

First Mover Americas: Lido DAO’s Governance Token Jumps 17%
https://www.coindesk.com/markets/2023/02/15/first-mover-americas-the-sandbox-is-up-on-saudi-arabia-partnership-news/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin channel

17 Feb 2023 20:38

Abu Dhabi Starts $2B Initiative to Back Web3 Startups
https://www.coindesk.com/business/2023/02/15/abu-dhabi-starts-2b-initiative-to-back-web3-startups/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Hub71 + Digital Assets ecosystem will also back companies focusing on blockchain technologies.

Bitcoin channel

17 Feb 2023 16:16

Finding Bitcoin’s Place In The Talmud’s Investment Teachings
https://bitcoinmagazine.com/culture/bitcoins-place-in-the-talmud

The Talmud offers investment teachings that have passed the test of time, but where might bitcoin fit into one of its most iconic lessons?

Bitcoin channel

17 Feb 2023 14:22

BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
https://www.coindesk.com/policy/2023/02/17/blockfi-looks-to-dismiss-bankruptcy-case-for-sbfs-robinhood-shell-company/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Emergent Fidelity case is "futile,” says the bankrupt crypto lender which is seeking access to its 55 million Robinhood shares.

Bitcoin channel

17 Feb 2023 04:00

Sony Teams Up With Astar Network for Web3 Incubation Program
https://www.coindesk.com/web3/2023/02/17/sony-teams-up-with-astar-network-for-web3-incubation-program/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Sony Network Communications hopes the program will explore "how blockchain technology can solve various problems in their industry."

Bitcoin channel

17 Feb 2023 02:58

Bitcoin’s UTXOs Are Close to All-Time High; Here’s Why It Matters
https://www.coindesk.com/markets/2023/02/14/bitcoins-utxos-are-close-to-an-all-time-high-heres-why-it-matters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Bitcoin network is getting more active with increasing block sizes, transactions, and overall UTXO counts.

Bitcoin channel

17 Feb 2023 02:26

Bankman-Fried Remains Out on Bond, but Judge Warns ‘Revocation’ Proceedings Possible in Future
https://www.coindesk.com/policy/2023/02/16/bankman-fried-remains-out-on-bond-but-judge-warns-revocation-proceedings-possible-in-future/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Sam Bankman-Fried remains out on bail, but the New York judge overseeing his criminal fraud case said that could change if the former FTX CEO continues to defy the bail conditions set by the court.