Bitcoin Miner Gryphon to Go Public Via All-Stock Merger With Cannabis Firm Akerna
https://www.coindesk.com/business/2023/01/27/bitcoin-miner-gryphon-to-go-public-via-all-stock-merger-with-cannabis-firm-akerna/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Gryphon previously terminated plans to go public via a reverse merger with Sphere 3D.
Scaramucci’s SkyBridge Capital Lost 39% Last Year: Bloomberg
https://www.coindesk.com/business/2023/01/27/scaramuccis-skybridge-capital-lost-39-last-year-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The investment firm’s crypto bets included now bankrupt FTX, which owned a 30% SkyBridge stake
First Mover Americas: Layer 2 Tokens Take Lead
https://www.coindesk.com/markets/2023/01/27/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. 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The Five Lessons I Learned From Ignoring Bitcoin For Years
https://bitcoinmagazine.com/culture/what-i-learned-from-ignoring-bitcoin
Lessons from a HODLer fortunate enough to find Bitcoin after passing on the opportunity repeatedly since 2012.
Floki Inu Developers Float DAO Proposal to Burn $55M of Its Own Tokens
https://www.coindesk.com/markets/2023/01/27/floki-inu-developers-float-dao-proposal-to-burn-55m-of-its-own-tokens/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The proposal is part of a broader move towards positioning Floki Inu as a serious DeFi project, developers told CoinDesk.
Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week
https://www.coindesk.com/tech/2023/01/27/cardano-dexs-will-support-djed-stablecoin-liquidity-pools-starting-next-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The issuance of Djed’s overcollateralized stablecoins has been a much-hyped topic in the Cardano community.
SEC Probing Investment Advisors Over Crypto Custody: Report
https://www.coindesk.com/policy/2023/01/27/sec-probing-investment-advisors-over-crypto-custody-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The United States Securities and Exchange Commission (SEC) is conducting an inquiry into registered investment advisers about whether they are following rules around custody of client crypto assets.
Ethereum Scaling Tool Polygon's MATIC Token Surges Amid Spike in Transactions
https://www.coindesk.com/markets/2023/01/26/ethereum-scaling-tool-polygons-matic-token-surges-amid-spike-in-transactions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The token has risen 13% this week and is up 34% for the year. The blockchain has the second most users, according to one research group.
POS Giant Clover Teams Up With Strike To Bring Bitcoin’s Lightning Network To Millions Of Merchants
https://bitcoinmagazine.com/business/clover-integrates-bitcoin-lightning-with-strike
A 90-day trial period kicks off Clover’s integration with the Bitcoin Lightning Network, enabling faster, cheaper payments at merchants.
Proof of Protest: Artists Pussy Riot and Shepard Fairey Team Up to Raise Money for Ukraine Through NFT Collection
https://www.coindesk.com/web3/2023/01/26/proof-of-protest-pussy-riot-and-shepard-fairey-team-up-to-raise-money-for-ukraine-through-nft-collection/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
All proceeds from the open edition Putin’s Ashes NFT collaboration will be donated to troops in Ukraine.
CFTC Commissioner Kristin Johnson Urges Congress to Expand Agency’s Authority to Review Crypto Acquisitions
https://www.coindesk.com/policy/2023/01/26/cftc-commissioner-kristin-johnson-urges-congress-to-expand-agencys-authority-to-review-crypto-acquisitions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Following FTX’s swift, stunning collapse last November, crypto industry participants, lawmakers and regulators alike have all been mulling the same questions: Why were regulators blindsided by FTX’s implosion, and more importantly, how can the next crypto crisis be prevented?
BitPay Announces Partnership With MoonPay, Removes Bitcoin Trading Fees For Limited Time
https://bitcoinmagazine.com/business/bitpay-announces-partnership-with-moonpay
BitPay’s partnership with MoonPay is set to offer a superior buyer experience for those looking to purchase cryptocurrencies on the BitPay platform.
Stablecoin Regulation Is First on New Subcommittee’s To-Do List, Says Chairman
https://www.coindesk.com/consensus-magazine/2023/01/26/stablecoin-regulation-is-first-on-new-subcommittees-to-do-list-says-chairman/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
French Hill, a Republican, said the newly formed subcommittee on digital assets will look to tackle stablecoins first.
UK’s FCA Issues Advice for Crypto Firms After Only 41 of 300 Applicants Win Regulatory Approval
https://www.coindesk.com/policy/2023/01/26/uks-fca-issues-advice-for-crypto-firms-after-only-41-of-300-applicants-win-regulatory-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The Financial Conduct Authority has faced criticism over its arduous registration regime, with some companies dropping out of the process altogether.
Fiat Debases Belief, But Bitcoin Makes Us Human
https://bitcoinmagazine.com/culture/bitcoin-grants-us-belief
Enslaving us with debt and inflation, the fiat system replaces sincerely-held beliefs. But Bitcoin gives us the chance to be human again.
Crypto Markets Today: Bitcoin Clings to $23K, FTX’s Creditor List Revealed
https://www.coindesk.com/markets/2023/01/26/crypto-markets-today-bitcoin-clings-to-23k-ftxs-creditor-list-revealed/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Also: Ether traded flat above $1,600. Equities closed up after solid GDP data.
Crypto Bank Silvergate Suspends Dividend on Preferred Stock
https://www.coindesk.com/business/2023/01/27/crypto-bank-silvergate-suspends-dividend-on-preferred-stock/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The bank is looking to preserve capital as it navigates recent volatility in the crypto industry.
Bitcoin Miner Argo Blockchain Faces Class Action Suit Over U.S. Share Sale
https://www.coindesk.com/business/2023/01/27/bitcoin-miner-argo-blockchain-faces-class-action-suit-over-us-share-sale/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Argo failed to disclose that it suffered from significant capital constraints, electricity and network difficulties, the suit says.
Crypto Exchange Bithumb Raided in South Korean Price Manipulation Probe: Report
https://www.coindesk.com/business/2023/01/27/crypto-exchange-bithumb-raided-in-south-korean-price-manipulation-probe-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
South Korean prosecutors are investigating transactions related to a specific person or entity moving the price of a certain coin to make a profit.
Bitcoin on Track for Best January Since 2013, Led by Bullish Trading in US Hours
https://www.coindesk.com/markets/2023/01/27/bitcoins-best-start-since-2020-led-by-bullish-us-trading-hours/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Bitcoin has rallied almost 40% since Jan. 1, on track for its best opening to a year since 2013, when it surged 51%.
Sam Bankman-Fried’s Mother and Brother Not Cooperating With Financial Probe, FTX Lawyers Say
https://www.coindesk.com/policy/2023/01/26/sam-bankman-frieds-mother-and-brother-not-cooperating-in-financial-probe-ftx-lawyers-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The crypto exchange wants to question its founder’s family as it seeks to locate allegedly misappropriated funds
First Mover Asia: Cryptos Shrug Off Latest US Productivity, Jobs Data; Bitcoin Hovers at $22.9K
https://www.coindesk.com/markets/2023/01/27/first-mover-asia-cryptos-shrug-off-latest-us-productivity-jobs-data-bitcoin-hovers-at-229k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
ALSO: Sam Reynolds considers litecoin's strong performance over the past year compared to bitcoin and ether. The first altcoin has been operating largely out of the spotlight. Bitcoin hovers near $22.9K.
Crypto Custodian Aegis to Add Coverage of Lido's Staked Token Derivatives
https://www.coindesk.com/business/2023/01/26/crypto-custodian-aegis-to-add-coverage-of-lidos-staked-token-derivatives/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Aegis’ end-to-end custody now includes liquid staking services through Lido for its institutional users wary of regulation.
South Korean Lawmakers Are Gearing Up to Regulate Crypto. What Could That Look Like?
https://www.coindesk.com/consensus-magazine/2023/01/26/south-korea-national-assembly-crypto-debate-regulations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The 300 members of South Korea’s National Assembly are currently considering 17 separate crypto-related proposals, from which they hope to shape the Digital Asset Basic Act.
Brevan Howard Hires Dragonfly Capital Veteran as Digital Portfolio Manager
https://www.coindesk.com/business/2023/01/26/brevan-howard-hires-dragonfly-capital-veteran-as-digital-portfolio-manager/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The traditional finance giant's pick up of Kevin Hu adds to a wave of senior hires for its digital assets arm.
Coinbase’s $3.6M Dutch Fine Shows Crypto Will Hit Road Bumps as It Goes Mainstream
https://www.coindesk.com/policy/2023/01/26/coinbases-36m-dutch-fine-shows-crypto-will-hit-road-bumps-as-it-goes-mainstream/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
As crypto comes within the regulatory fold, there will be disputes over rules, procedures and jurisdiction – and the relatively compliant may end up bearing the brunt of regulators’ wrath.
DeFi Protocol Aave Clears Bad CRV Token Debt from Exploit Attempt
https://www.coindesk.com/markets/2023/01/26/defi-protocol-aave-clears-bad-crv-token-debt-from-exploit-attempt/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The maneuver comes ahead of the activation of a major tech upgrade of the protocol called Aave v3.
SEC Rejects Ark 21Shares Spot Bitcoin ETF for Second Time
https://www.coindesk.com/policy/2023/01/26/sec-rejects-ark-21shares-spot-bitcoin-etf-for-second-time/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The U.S. markets regular has rejected a score of ETF applications to invest directly in bitcoin, and has approved a number of funds tracking the cryptocurrency's futures market.
Moody’s Developing Scoring System for Stablecoins: Bloomberg
https://www.coindesk.com/business/2023/01/26/moodys-developing-scoring-system-for-stablecoins-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The move comes as the quality of stablecoin reserves continues to receive scrutiny.