Crypto-News

  • Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets
    Cointelegraph.com News - 55 minutes ago
    Crypto blogger Tiffany Fong has shared documents she claims to have obtained in late December detailing several bids for Celsius’ crypto assets. At least five firms placed bids on Celsius Network’s crypto assets, including Binance, Bank To The Future and Galaxy Digital, according to leaked information shared by crypto blogger…
  • UK's FCA hints at why its given only 15% of crypto firms the regulatory nod
    Cointelegraph.com News - 1 hour ago
    The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants. Despite the plans to turn the region into a bustling crypto hub, the United Kingdom’s financial watchdog says it has given the all-clear to only 41 out of 300 crypto firm applications seeking…
  • CFTC’s Johnson urges Congress to expand commission’s crypto oversight powers
    Cointelegraph.com News - 2 hours ago
    Commodity Futures Trading Commission Kristin Johnson wants to protect customers in a way that reduces the risk of future crises. Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson has urged Congress to adopt legislation that “closes the current gap in the oversight of crypto spot markets.”During a speech at a…
  • US Senator Ted Cruz pushes for crypto in Congress ... using snacks
    Cointelegraph.com News - 3 hours ago
    A newly introduced resolution could potentially see lawmakers buying sodas and chips using crypto-supporting vending machines. Texas Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sides might agree on — food.Cruz introduced a concurrent resolution dated Jan. 25…
  • Keep an eye out for major company NFT trademark filings this year
    Cointelegraph.com News - 4 hours ago
    NFT trademark filings by companies aren’t just a marketing stunt. According to a trademark lawyer, they have to use what’s in the application. Crypto proponents would be wise to keep their eyes on nonfungible token (NFT) and metaverse trademark applications this year, which are “reliable signals” of future-use plans.Speaking to…
  • Bithumb in turmoil, Binance’s 47K law requests, Axie players down 85%: Asia Express
    Cointelegraph.com News - 5 hours ago
    Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil  On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb, over embezzlement allegations. That same day, the Financial…
  • Data shows pro Bitcoin traders want to feel bullish, but the rally to $23K wasn’t enough
    Cointelegraph.com News - 5 hours ago
    Bitcoin price has flashed a few bullish signals, but traders are not too keen on adding leverage longs until after the Federal Reserve shows its cards on Feb. 1. Bitcoin (BTC) price had a mixed reaction on Jan. 25 after the United States reported a 2.9% gross domestic product growth…
  • SEC once again rejects ARK 21Shares Bitcoin ETF listing
    Cointelegraph.com News - 6 hours ago
    Proponents of the fund had argued that a current surveillance sharing agreement with CME would be adequate to protect investors. The United States Securities and Exchange Commission has once again rejected a proposal to list the ARK 21 Shares Bitcoin ETF on equities exchange Cboe BZX, according to Jan. 26…
  • Moody’s to build scoring system for stablecoins: Report
    Cointelegraph.com News - 6 hours ago
    Moody’s is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets. Credit rating firm Moody’s is allegedly developing a scoring system for stablecoins, with analysis for up to 20 digital assets, Bloomberg reported on Jan. 26, citing unnamed sources. The system, which appears to be in…
  • ISDA releases standard definitions for digital asset derivatives
    Cointelegraph.com News - 6 hours ago
    The International Swaps and Derivatives Association is working on two papers to address fundamental legal risks in the crypto markets. The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according…
  • Here’s why Bitcoin price could correct after the US government resolves the debt limit impasse
    Cointelegraph.com News - 6 hours ago
    Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC. For much of 2022, the crypto market focused on the U.S. Federal Reserve’s actions. The central bank created a bearish environment for risk-on assets…
  • Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle
    Cointelegraph.com News - 6 hours ago
    The senators co-authored a letter to the Public Company Accounting Oversight Board chair asking how FTX and other crypto firms were audited and why the audits failed so badly. Two United States senators have taken their questions about the performance of accounting firms active in the crypto space to a…
  • Polkadot restates its case that DOT has ‘morphed’ away from security status
    Cointelegraph.com News - 7 hours ago
    The Web3 Foundation has reminded the world that, in its eyes, it has conformed to SEC requirements and DOT should no longer be considered a security. The Web3 Foundation, which supports the Polkadot protocol, has again presented its argument that its native DOT (DOT) token is not a security. In…
  • 88x Finance partners with Axelar Network for cross-chain yield aggregator
    Cointelegraph.com News - 7 hours ago
    The startup is one of the projects participating in the Axelar Ecosystem Startup Funding Program. The crypto bear market may be lasting longer than expected, but some Web3 startups see it as the perfect opportunity to build solutions and infrastructure that will welcome users and institutions when the next wave…
  • Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
    Cointelegraph.com News - 7 hours ago
    Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization. Stablecoins in the cryptocurrency market help provide U.S. dollar-pegged tokens within the volatile industry. In bull markets, the market capitalization of stablecoins tends to decrease as investors flock…
  • Porsche NFT trading volume nears $5M despite launch woes, minting halt
    Cointelegraph.com News - 8 hours ago
    Developers of the nonfungible tokens had halted minting on Jan. 25 in response to user complaints. German luxury car manufacturer Porsche’s nonfungible token (NFT) collection reached 2,839 Ether (ETH) ($4.5 million) in total sales volume, according to data from NFTScan at the time of writing on Jan. 26. The collection had a…
  • Opinion: Barry Silbert keeps quiet as Genesis goes down in flames
    Cointelegraph.com News - 8 hours ago
    Genesis CEO Barry Silbert should have come clean after FTX imploded. Instead, he’s still deflecting responsibility for his company’s bankruptcy. Just two months after the collapse of FTX, Genesis is following suit.Against an increasingly disheartening backdrop of “Big Cryptos” going bust, Barry Silbert’s cryptocurrency lender, Genesis Global Holdco, is the…
  • Crypto-friendly Stripe weighs public offering: Report
    Cointelegraph.com News - 9 hours ago
    In 2021, Stripe raised $600 million from a group of investors at a valuation of $95 billion, making it one of Silicon Valley’s most valuable startups. Internet payment processor Stripe is reportedly eyeing a public offering and has set a 12-month timeline to explore the possibility.Stripe has hired Goldman Sachs…
  • FTX legal team calls for Sam Bankman-Fried’s family to answer questions under oath: Report
    Cointelegraph.com News - 10 hours ago
    Joseph Bankman, Barbara Fried and Gabriel Bankman-Fried could reportedly face questions in bankruptcy court about any financial benefits they may have received from FTX. Lawyers representing FTX in bankruptcy court have reportedly argued that former CEO Sam Bankman-Fried’s immediate family should face questioning regarding their personal wealth.According to a Jan.…
  • Aave purchases 2.7M CRV to clear bad debt following failed Eisenberg attack
    Cointelegraph.com News - 11 hours ago
    Following a failed short attack, DeFi exploiter Avraham Eisenberg was liquidated from Aave at a loss of $10 million. According to a new post on Jan. 26, Marc Zeller, integrations lead at decentralized finance (DeFi) lending protocol Aave, stated that the firm purchased 2.7 million Curve (CRV) tokens, which would…
  • US Justice Department seizes website of prolific ransomware gang Hive
    Cointelegraph.com News - 12 hours ago
    The group is known to have targeted critical infrastructure, healthcare providers and more over the past two years. According to United States Federal Bureau of Investigation Director Christopher Wray on Jan. 26, international law enforcement groups have dismantled the infamous Hive cryptocurrency ransomware gang. He claimed that the operation has…
  • Bitcoin can still crack $50K if gold correlation continues — Chart
    Cointelegraph.com News - 12 hours ago
    BTC price performance may encounter a new magnet above the $50,000 mark if gold continues to be a trendsetter. Bitcoin (BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh analysis predicts.In a Twitter update on Jan. 26, popular trader and market commentator TechDev…
  • The legal dangers of getting involved with DAOs
    Cointelegraph.com News - 13 hours ago
    Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and implementing community decisions that turn out to be illegal in some far-flung…
  • Bitcoin dialogue at WEF requires ‘open-mind’ — Davos 2023
    Cointelegraph.com News - 13 hours ago
    “It’s about taking inspiration from what we’ve done.” Lugano’s Plan B hopes to drive Bitcoin adoption dialogue at future World Economic Forum conferences. The World Economic Forum (WEF) convenes in Davos annually, taking over the Swiss skiing town. The main promenade is flush with events and companies renting out properties,…
  • Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023
    Cointelegraph.com News - 13 hours ago
    A handful of cryptocurrency industry players who took part in workshops at the World Economic Forum Annual Meeting paint a picture of increased collaboration within the space in 2023. Key figures from the wider cryptocurrency space painted a picture of increased dialogue and collaboration at the World Economic Forum Annual…