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Earlier this year, the Bank of Nigeria Governor Olayemi Cardoso said crypto exchange Binance had allowed $26 billion of funds to leave the country untraceably last year, hitting tax revenues. That kicked off a series of events that resulted in the detention of Tigran Gambaryan, a U.S. citizen and a Binance official, who had been

The crypto market was in quiet mode during the Asian and European mornings to end the week, with bitcoin 0.45% lower over 24 hours near $58,500. ETH lost 0.7%, while SOL led gains, adding 0.44%. The broader digital asset market, as measured by the CoinDesk 20 Index, is about 0.39% higher. Bitcoin capitulated to under

BlackRock’s bitcoin ETF, IBIT, and ether ETF, ETHA, overtook Grayscale’s GBTC, BTC Mini, ETHE and ETH Mini, according to on-chain holdings on Friday. The company’s ETFs now have the largest collective holdings of any provider, on-chain analysis tool Arkham said in an X post.

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a

Still, Schumer said twice that his goal was to have a bill passed out of the Senate and signed into law by the end of the year. He mentioned the Financial Innovation and Technology for the 21st Century Act (FIT21), a House-passed bill spearheaded by Rep. Patrick McHenry (R-N.C.), as well as a yet-to-be-introduced bill

Prior to this morning’s data, the subject of whether the U.S. Federal Reserve would cut its benchmark fed funds rate range at the bank’s next meeting was closed: There was zero percent chance that the range will remain at its current 5.25%-5.50%, according to CME FedWatch, which figures odds based on positions taken in short-term

Crypto interests are planning to go after Sen. Sherrod Brown (D-Ohio) in their biggest-ever single campaign, setting aside $12 million to support the Republican candidate seeking to snatch the Senate seat from the current chairman of the Senate Banking Committee, who has been highly critical of the digital assets sector and reluctant to embrace crypto

This case alleges that TerraForm induced 3AC to purchase Luna and TerraUSD by manipulating the market for these tokens “in a manner that artificially inflated the price for the assets” before they were wiped-out, the liquidators said in court papers, as per Bloomberg.

“As one of the world’s largest and most active bond issuers, we are actively driving digitalisation initiatives in the issuing and settlement process,” Gaetano Panno, head of transaction management at KfW, said in a statement. “The utilization of new technologies as part of the ECB trials enables us to technically process a ‘delivery vs. payment’

“Political event contracts should not be equated with gambling on games of chance like the Super Bowl. Rather, elections have significant economic implications,” Dragonfly’s Jessica Furr and Bryan Edelman, its counsel, wrote in a letter to CFTC. “These contracts were designed to serve crucial risk hedging functions, aligning with the requirements of the Commodity Exchange

The original form also included a box asking the filer to identify which type of broker they are, including “kiosk operator,” “digital asset payment processor,” “hosted wallet provider,” “unhosted wallet provider,” and “other” as the options. That box is no longer included on the updated version of the form.

There is a better way to manage token launches — one that prioritizes long-term utility and organic growth over speculative gains. Protocols are beginning to experiment with alternative models. FRIEND, a blockchain-based social platform, for example, launched with 100% float, distributing all tokens to the community from day one. After taking a radically different approach

First, and most critically, only a small fraction of crypto is used for illicit activity, far less than we see in traditional finance, which according to the United Nations could be up to 5% of global GDP. Per analytics firm Chainalysis, money laundering accounts for less than 0.5% of all crypto transaction flows. This is

“Ripple USD is currently in its beta phase and is being rigorously tested by our enterprise partners,” the company said in a blog post. “This phase is crucial for ensuring that the stablecoin meets the highest standards of security, efficiency, and reliability before it becomes widely available, and after receipt of regulatory approval.”

“If Trump wins, a rush of new buyers could take the bitcoin price over $100,000,” Terpin said, adding that the six months after the halving have had pullbacks — and this fifth bitcoin cycle is no exception. “October and November are historically strong months for bitcoin, especially in the year of the halving and the

Kwon’s Montenegrin defense attorney Goran Radić did not respond to CoinDesk’s requests for comment by press time, but told Vijesti, a Montenegrin newspaper, that the continuous delays and seven court decisions in Kwon’s case represent a “judicial disgrace.” Radic also told Vijesti that Milović had made an “illegal private promise” to extradite Kwon to the

“Rather, the Court finds that Ripple’s willingness to push the boundaries of the Order evinces a likelihood that it will eventually (if it has not already) cross the line,” she said. “On balance, the Court finds that there is a reasonable probability of future violations, meriting the issuance of an injunction.”

“Note that the 11,500 ETH has been transferred to the wallet ‘0xf58’ which they often use to deposit ETH to CEX,” Spot On Chain posted on X. “Currently, Jump Trading still holds 21,394 WSTETH ($63.6M) and 16,292 ETH ($41.3M) in the wallets and has 19,049 STETH under the unstaking process from Lido.”

“He was so excited,” Eric Semler, the company’s chairman and son to Herbert Semler, said about his father’s reaction to this new investment strategy. Herbert’s father and Eric’s grandfather, Harry Semler, had seen gold as a great investment during his time, so he would’ve loved seeing the company invest in the “new gold,” Eric Semler