Bitcoin channel

07 Jan 2023 01:40

2 More Promoters of Forcount Crypto Ponzi Scheme Arrested, Charged With Fraud
https://www.coindesk.com/policy/2023/01/06/two-more-promoters-of-forcount-crypto-ponzi-scheme-arrested-charged-with-fraud/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a collective $8.4 million – have been arrested and charged with fraud for their role in the alleged grift.

Bitcoin channel

06 Jan 2023 23:05

SEC Investigating FTX Investors’ Due Diligence: Reuters
https://www.coindesk.com/policy/2023/01/06/sec-investigating-ftx-investors-due-diligence-reuters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. regulator is looking at whether financiers did their homework on a crypto exchange since accused of sloppy governance.

Bitcoin channel

06 Jan 2023 18:33

The Good, The Bad And The Ugly From 2022, Bitcoin’s Year Of The Bear
https://bitcoinmagazine.com/culture/2022-was-the-year-of-the-bitcoin-bear

For Bitcoin, 2022 was a year of lessons, frustrations, vindications, progress and, in some cases, regress. What should we take with us for 2023?

Bitcoin channel

06 Jan 2023 16:40

First Mover Americas: Sam's Seeking to Keep Control of Robinhood Shares
https://www.coindesk.com/markets/2023/01/06/first-mover-americas-sams-seeking-to-keep-control-of-robinhood-shares/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin channel

06 Jan 2023 14:39

Hard Lessons In Bitcoin Case Law Show We Must Remain Vigilant
https://bitcoinmagazine.com/legal/bitcoin-case-law-reveals-scammers

Two similar legal disputes around alleged bitcoin scams show that, while Bitcoin may be incorruptible, human beings are not.

Bitcoin channel

06 Jan 2023 12:31

Tron Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange
https://www.coindesk.com/markets/2023/01/06/tron-price-sinks-8-usdd-depegs-amid-drama-at-justin-sun-related-huobi-crypto-exchange/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Community sentiment soured around Huobi, on whose board Sun is an advisor, as it is said to be laying off hundreds of staff in the coming weeks.

Bitcoin channel

06 Jan 2023 11:04

Bitcoin, Ether Options Market See Mixed Flow Ahead of US Nonfarm Payrolls
https://www.coindesk.com/markets/2023/01/06/bitcoin-ether-options-market-sees-mixed-flow-ahead-of-us-nonfarm-payrolls/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Some traders have been buying downside protection in bitcoin and ether, while others building strategies that profit from a big move in either direction, experts told CoinDesk.

Bitcoin channel

06 Jan 2023 05:41

First Mover Asia: Bitcoin, Ether Continue Their Rapid Descent in Volatility
https://www.coindesk.com/markets/2023/01/06/first-mover-asia-bitcoin-ether-continue-their-rapid-descent-in-volatility/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin and ether, the two largest cryptocurrencies by market volume, held steady within the narrow ranges they've occupied since mid December.

Bitcoin channel

06 Jan 2023 01:29

Crypto Conglomerate DCG Closes Wealth-Management Business: The Information
https://www.coindesk.com/business/2023/01/05/crypto-conglomerate-dcg-closes-wealth-management-business-the-information/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin channel

06 Jan 2023 01:27

Fanatics Selling Its 60% Stake in Sports NFT Firm Candy Digital: Report
https://www.coindesk.com/business/2023/01/04/fanatics-selling-its-60-stake-in-sports-nft-firm-candy-digital-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The sports merchandiser is selling its interest to an investor group led by Michael Novogratz’s Galaxy Digital, according to CNBC.

Bitcoin channel

05 Jan 2023 20:30

MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes
https://www.coindesk.com/business/2023/01/05/microstrategy-marathon-digital-shares-fall-amidst-crypto-bank-silvergates-woes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition.

Bitcoin channel

05 Jan 2023 20:28

Declining Demand for Binance's BUSD Represents New Chapter in Stablecoin Wars
https://www.coindesk.com/markets/2023/01/05/declining-demand-for-binances-busd-represents-new-chapter-in-stablecoin-wars/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The largest crypto exchange’s Binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share.

Bitcoin channel

05 Jan 2023 17:32

Former Celsius CEO Mashinsky Sued By New York State for Defrauding Investors
https://www.coindesk.com/policy/2023/01/05/former-celsius-ceo-mashinsky-sued-by-new-york-state-for-defrauding-investors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

New York’s attorney general has sued Alex Mashinsky, the former CEO of Celsius Network, for defrauding hundreds of thousands of investors by making false statements about the condition of the company to encourage money to keep coming in.

Bitcoin channel

05 Jan 2023 17:30

Blockchain Project TON Enters Crypto Storage Market
https://www.coindesk.com/business/2023/01/05/telegram-related-ton-foundation-enters-crypto-storage-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The foundation aims to solve large-scale data storage problems with its new project.

Bitcoin channel

05 Jan 2023 15:12

Cowen Downgrades Coinbase Stock Citing Trading Volume Declines
https://www.coindesk.com/business/2023/01/05/cowen-downgrades-coinbase-stock-citing-trading-volume-declines/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cryptocurrency exchange Coinbase (COIN) stock has been downgraded by analysts of investment bank Cowen, citing the ongoing fallout from the collapse of FTX.

Bitcoin channel

07 Jan 2023 01:39

Crypto Markets Today: Huobi Tensions Sink Tron Token Price
https://www.coindesk.com/markets/2023/01/06/crypto-markets-today-huobi-tensions-sink-tron-token-price/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Bitcoin and ether traded up. Equities also rose after a strong U.S. jobs report.

Bitcoin channel

06 Jan 2023 20:58

Block Manager Sees Self-Custody as Future of Crypto Post-FTX
https://www.coindesk.com/business/2023/01/06/block-manager-sees-self-custody-as-future-of-crypto-post-ftx/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Live from CES 2023 in Las Vegas, the software development company is standing firm on why crypto’s future will be based on self-custody following the implosion of FTX.

Bitcoin channel

06 Jan 2023 16:42

U.S. Adds Better Than Expected 223K Jobs in December, Unemployment Rate Falls to 3.5%
https://www.coindesk.com/business/2023/01/06/us-adds-better-than-expected-223k-jobs-in-december-unemployment-rate-falls-to-35/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The jobs market remained strong/began to show signs of weakening to close out 2022.

Bitcoin channel

06 Jan 2023 16:39

JPMorgan Downgrades Silvergate Capital After 4Q Results, Shares Slump
https://www.coindesk.com/business/2023/01/06/jpmorgan-downgrades-silvergate-capital-after-4q-results-shares-slump/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Wall Street bank cut the stock to “neutral” from “overweight” and slashed its price target to $14 from $30.

Bitcoin channel

06 Jan 2023 12:33

Crypto Exchange Huobi Experiences Heavy Token Outflows: Nansen
https://www.coindesk.com/markets/2023/01/06/crypto-exchange-huobi-experiences-heavy-token-outflows-nansen/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

On-chain data shows that more than $60 million in tokens has left the exchange in the last 24 hours, while stablecoin reserves have dropped 9.5% in a week.

Bitcoin channel

06 Jan 2023 11:05

Bonk Inu Developers Burn All Their Team Tokens as Solana Ecosystem Frenzy Continues
https://www.coindesk.com/markets/2023/01/06/bonk-inu-developers-burn-all-their-team-tokens-as-solana-ecosystem-frenzy-continues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Some 5% of the bonk token supply was burnt as prices dropped 40% in the past 24 hours.

Bitcoin channel

06 Jan 2023 05:42

Cathie Wood's ARK Invest Buys About $5M of COIN, Continuing Her Dip-Buy Parade
https://www.coindesk.com/markets/2023/01/06/cathie-woods-ark-invest-buys-about-5m-of-coin-continuing-her-dip-buy-parade/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase shares closed down 11.06% at $33.53 on Thursday.

Bitcoin channel

06 Jan 2023 05:40

Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company
https://www.coindesk.com/markets/2023/01/06/huobi-exchange-token-down-11-on-reports-of-layoffs-internal-strife-at-company/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Exchange volume has dropped by 23% as market concern grows around the health of Huobi

Bitcoin channel

06 Jan 2023 01:28

Microsoft Exec Says Metaverse Is Must-Have
https://www.coindesk.com/business/2023/01/05/microsoft-exec-says-metaverse-is-must-have/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Live from CES 2023 in Las Vegas, Nevada, the tech giant is looking to transform the customer experience and believes the future will be based on a hybrid model.

Bitcoin channel

05 Jan 2023 22:14

91% of Cryptos From 2014 Have Died, While Bitcoin Continues To Thrive
https://bitcoinmagazine.com/markets/bitcoin-continues-to-thrive-versus-crypto

The visualization of altcoin deaths shows Bitcoin is the sole standout project amongst various failed scams and “projects.”

Bitcoin channel

05 Jan 2023 20:28

Anyone Who Took Money From FTX Ought to Repay It
https://www.coindesk.com/consensus-magazine/2023/01/05/anyone-who-took-money-from-ftx-ought-to-repay-it/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin channel

05 Jan 2023 19:08

Crypto Lender Genesis Lays Off 30% More of Its Staff
https://www.coindesk.com/business/2023/01/05/crypto-lender-genesis-lays-off-30-more-of-its-staff/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies.

Bitcoin channel

05 Jan 2023 17:31

Crypto Layoffs: Here's the Grim Count Since April
https://www.coindesk.com/business/2023/01/05/crypto-layoffs-heres-the-grim-count-since-april/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

As a bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff.

Bitcoin channel

05 Jan 2023 15:14

Silvergate Shares Plunge 41% as Firm Cuts 200 Jobs, Writes Off Diem Asset Acquisition
https://www.coindesk.com/business/2023/01/05/silvergate-cuts-40-jobs-writes-off-diem-asset-acquisition/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The crypto-focussed bank is writing off its acquisition of Diem's assets.

Bitcoin channel

05 Jan 2023 15:11

Mango Markets Exploiter Must Stay Detained Pending Trial, Court Rules
https://www.coindesk.com/policy/2023/01/05/mango-markets-exploiter-must-stay-detained-pending-trial-court-rules/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Avraham Eisenberg can’t be released on bail because he faces a mammoth prison sentence for the $110 million exploit in October, a Puerto Rico judge said