Bitcoin channel

10 Feb 2023 16:23

PayPal Held $604M of Customers' Crypto as of Year-End 2022
https://www.coindesk.com/business/2023/02/10/paypal-held-604m-of-customers-crypto-as-of-year-end-2022/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The payments company held $291 million of bitcoin and $250 million of ether, with the rest comprising litecoin and bitcoin cash.

Bitcoin channel

10 Feb 2023 16:20

Microsoft Disbands Industrial Metaverse Project: Report
https://www.coindesk.com/business/2023/02/10/microsoft-disbands-industrial-metaverse-project-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The 100 members of the team have all been laid off, according to the report, according to a person with direct knowledge of the matter.

Bitcoin channel

10 Feb 2023 14:03

Arbitrum-Based Radiant Capital Targets Outsized Platform Profitability With V2 Launch
https://www.coindesk.com/tech/2023/02/10/arbitrum-based-radiant-capital-targets-outsized-platform-profitability-with-v2-launch/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Radiant has already generated $5 million in fees for users since its July launch.

Bitcoin channel

10 Feb 2023 13:59

Long Traders Bear Brunt as Bitcoin, Ether Slide Spurs $220M in Liquidations
https://www.coindesk.com/markets/2023/02/10/long-traders-bear-brunt-as-bitcoin-ether-slide-spurs-220m-in-liquidations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Over 90% of all liquidated positions originated from traders betting on higher crypto prices.

Bitcoin channel

10 Feb 2023 05:04

Bitzlato Co-Founder Released After Arrest in Moscow, Pledges Relaunch of Seized Exchange
https://www.coindesk.com/consensus-magazine/2023/02/10/bitzlato-co-founder-released-after-arrest-in-moscow-pledges-relaunch-of-seized-exchange/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin channel

10 Feb 2023 02:22

OP Token Falls After Surprise Optimism Airdrop
https://www.coindesk.com/business/2023/02/09/op-token-falls-after-surprise-optimism-airdrop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Optimism conducted a second airdrop that rewarded users of the Ethereum layer 2. OP token fell on the news.

Bitcoin channel

10 Feb 2023 02:21

Bitcoin Miner CleanSpark Plans to Continue Pursuing Acquisitions Amid Bear Market
https://www.coindesk.com/business/2023/02/09/bitcoin-miner-cleanspark-plans-to-continue-pursuing-acquisitions-amid-bear-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The miner's revenue for the first quarter was $27.8 million, just shy of analyst estimate of $29.5 million, according to FactSet data.

Bitcoin channel

10 Feb 2023 01:50

Legal Expert Says MetaBirkin Project Intended to Use Hermès’ Brand for Economic Gain
https://www.coindesk.com/policy/2023/02/09/legal-expert-says-metabirkin-project-intended-to-use-hermes-brand-for-economic-gain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Olta Andoni, chief compliance officer at financial firm Enclave Markets, says that Mason Rothschild was looking to “piggyback” off of the French luxury brand’s reputation. But even artists who are creating digital art aren't free of consumer protection laws.

Bitcoin channel

10 Feb 2023 01:49

Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
https://www.coindesk.com/policy/2023/02/09/stablecoin-issuer-paxos-is-being-investigated-by-new-york-regulator/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The New York Department of Financial Services is investigating crypto company Paxos, though the scope of the investigation is not yet clear.

Bitcoin channel

10 Feb 2023 01:48

Kraken Agreed to Shutter US Crypto-Staking Operations to Settle SEC Charges: Source
https://www.coindesk.com/policy/2023/02/09/kraken-agreed-to-shutter-crypto-staking-operations-to-settle-sec-charges-source/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter.

Bitcoin channel

10 Feb 2023 01:16

Blockchain Privacy Is at Risk in the EU
https://www.coindesk.com/consensus-magazine/2023/02/09/blockchain-privacy-is-at-risk-in-the-eu/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The EU's comprehensive Markets in Crypto Assets (MiCA) regulation is ambitious and sets a high standard globally. Article 68, however, goes too far and poses a risk to innovation, privacy and security.

Bitcoin channel

10 Feb 2023 01:15

Bitcoin Punks: Ordinal NFT Collection Soars in Value
https://www.coindesk.com/web3/2023/02/09/bitcoin-punks-ordinal-nft-collection-soars-in-value/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Late Wednesday night, one Ordinal Punk NFT, minted on the Bitcoin native Ordinals Protocol, sold for 9.5 BTC, about $214,000.

Bitcoin channel

09 Feb 2023 23:21

Bitcoin Exchange LocalBitcoins To Shut Down, Citing Market Conditions
https://bitcoinmagazine.com/business/bitcoin-exchange-localbitcoins-to-shut-down

According to an announcement on its website, the peer-to-peer Bitcoin platform will be shutting down before the end of February 2023.

Bitcoin channel

09 Feb 2023 22:23

DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin
https://www.coindesk.com/tech/2023/02/09/defi-giant-makerdao-integrates-blockchain-data-provider-chainlink-for-dai-stablecoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Chainlink Automation will run specific tasks, including price updates and liquidity balancing, to help maintain the stability of Maker’s $5 billion DAI stablecoin.

Bitcoin channel

09 Feb 2023 22:20

Crypto Protection Firm Coincover Raises $30M
https://www.coindesk.com/business/2023/02/09/crypto-protection-firm-coincover-raises-30m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Silicon Valley investment firm Foundation Capital led the funding round.

Bitcoin channel

10 Feb 2023 16:22

China Targets Blockchain Breakthroughs With Beijing Research Center: Report
https://www.coindesk.com/policy/2023/02/10/china-targets-blockchain-breakthroughs-with-beijing-research-center-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The center will focus on blockchain use related to the economy and individuals' livelihoods in an attempt to make the technology central to the country's digital infrastructure.

Bitcoin channel

10 Feb 2023 16:18

South Korea Blacklists North Korean Crypto Thieves, Flags Wallet Addresses
https://www.coindesk.com/policy/2023/02/10/south-korea-blacklists-north-korean-crypto-thieves-flags-wallet-addresses/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The government sanctions targeted four individuals and seven institutions – some with alleged ties to the elite North Korean hacking group "Lazarus."

Bitcoin channel

10 Feb 2023 14:01

Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
https://www.coindesk.com/business/2023/02/10/bankrupt-crypto-lender-celsius-seeks-to-raise-14m-from-bitmain-mining-vouchers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The company joins Core Scientific in trying to offload the assets before expiry, and will use the funds to repay creditors.

Bitcoin channel

10 Feb 2023 05:05

First Mover Asia: Kraken Crypto Staking Settlement Bedevils Markets as Bitcoin Lingers Below $21.9K
https://www.coindesk.com/markets/2023/02/10/first-mover-asia-kraken-crypto-staking-settlement-bedevils-markets-as-bitcoin-lingers-below-219k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: CoinDesk analyst Glenn Williams considers the significance of "whales" sending bitcoin back to exchanges, while smaller investors remove it. Bitcoin falls below $21.9K.

Bitcoin channel

10 Feb 2023 03:26

Popular Rihanna Song Offered as NFT With Royalty Sharing Ahead of Super Bowl
https://www.coindesk.com/web3/2023/02/10/popular-rihanna-song-offered-as-nft-with-royalty-sharing-ahead-of-super-bowl/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Music producer Deputy, who helped produce Rihanna's hit 2015 single "B**** Better Have My Money," is granting a portion of his streaming royalties to collectors through anotherblock.

Bitcoin channel

10 Feb 2023 02:22

Liquid Staking Tokens Rally as Kraken Shuts Staking Service to Settle With SEC
https://www.coindesk.com/markets/2023/02/09/liquid-staking-tokens-rally-as-kraken-settles-with-sec-to-sunset-staking-service/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The sudden price uptick of governance tokens for the largest liquid staking protocols Lido Finance, Rocket Pool and Frax Finance defies the decline of the broader crypto market.

Bitcoin channel

10 Feb 2023 02:21

Setting the Record Straight
https://www.coindesk.com/consensus-magazine/2023/02/09/setting-the-record-straight/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

In a CoinDesk exclusive, the co-founder of Yuga Labs, Wylie Aronow, shares a frank letter touching on his recent diagnosis of heart failure and responding to accusations of racist and nazi imagery embedded within the Bored Ape Yacht Club NFT project.

Bitcoin channel

10 Feb 2023 01:50

IRS Seeks Court Approval to Identify Kraken Crypto Customers
https://www.coindesk.com/policy/2023/02/09/irs-seeks-court-approval-to-identify-kraken-crypto-customers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Internal Revenue Service has filed a court document seeking permission to enforce a summons for information against Kraken and its subsidiaries.

Bitcoin channel

10 Feb 2023 01:49

How to Avoid the Death of DeFi in the Wake of FTX
https://www.coindesk.com/consensus-magazine/2023/02/09/how-to-avoid-the-death-of-defi-in-the-wake-of-ftx/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

FTX’s collapse is an inevitable outcome for an industry yet to find its use case. For crypto to survive, it needs to learn from the very financial sector it set out to replace, says Brent Xu, the CEO of Umee.

Bitcoin channel

10 Feb 2023 01:26

Crypto Exchange Kraken Settles With SEC Over Unregistered Staking Services
https://bitcoinmagazine.com/business/crypto-exchange-kraken-settles-with-sec

The Securities and Exchange Commission (SEC) has charged Kraken with failing to register their crypto asset staking-as-a-service program.

Bitcoin channel

10 Feb 2023 01:16

Crypto Would Survive an SEC Crackdown on Staking
https://www.coindesk.com/consensus-magazine/2023/02/09/crypto-would-survive-an-sec-crackdown-on-crypto-staking/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin channel

10 Feb 2023 00:32

Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims
https://www.coindesk.com/business/2023/02/09/three-arrows-capital-founders-launch-exchange-where-you-can-trade-3ac-bankruptcy-claims/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC.

Bitcoin channel

09 Feb 2023 22:25

The Future of Financial Planning Lies in AI and Blockchain
https://www.coindesk.com/markets/2023/02/09/the-future-of-financial-planning-lies-in-ai-and-blockchain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

AI and blockchain could assist in decisions around investments, taxes and insurance, and open up new avenues for income. But financial advisors will still play a key role.

Bitcoin channel

09 Feb 2023 22:22

Bitcoin Exchange LocalBitcoins to Close, Citing Market Conditions
https://www.coindesk.com/business/2023/02/09/bitcoin-exchange-localbitcoins-to-close-citing-market-conditions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Finnish exchange is set to close this month as it reacts to the "ongoing very cold crypto winter."

Bitcoin channel

09 Feb 2023 22:19

Bankrupt Crypto Lender BlockFi Takes Two-Thirds Loss to Settle Bitcoin Miner Bitfarms' Debt
https://www.coindesk.com/business/2023/02/09/bankrupt-crypto-lender-blockfi-takes-two-thirds-haircut-to-settle-bitcoin-miner-bitfarms-debt/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The miner had recently warned it might stop paying off the debt to BlockFi.