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“In early March 2023, Silvergate made a responsible decision to liquidate voluntarily and without government assistance. As of November 2023, all deposits had been repaid to banking customers and Silvergate ceased banking operations soon after. The settlements announced today, which will facilitate the surrender of Silvergate’s bank charter, are part of the Bank’s continued orderly

The party, founded by Le Pen’s father Jean-Marie Le Pen, secured about 19% of the registered vote according to the provisional data. The opposition Union of the Left came second with 18.19% and Ensemble, which includes President Emmanuel Macron’s Renaissance party, followed with 13.02%.

In a late Friday order, Judge Amy Berman Jackson, of the District Court for the District of Columbia, ruled that the SEC’s charges against Binance for the initial coin offering and ongoing sales for BNB, BNB Vault, staking services, failure to register and fraud charges can proceed. She granted Binance and Zhao’s motion to dismiss

The IRS said it tried to avoid some burdens on users of stablecoins, especially when used to buy other tokens and in payments. Basically, a normal crypto investor and user who doesn’t earn more than $10,000 on stablecoins in a year is exempted from the reporting. Stablecoin sales – the most frequent in the crypto

It’s true that Hamilton’s ruling does not, in and of itself, challenge Torres’ ruling – though the SEC is likely to appeal its case against Ripple, and could potentially use Hamilton’s ruling as alternative precedent. Hamilton is not the first judge to break with Torres either. Another SDNY judge, Jed Rakoff, explicitly disagreed with Torres’

“Since at least January 2023, Consensys has offered and sold tens of thousands of unregistered securities on behalf of liquid staking program providers Lido and Rocket Pool, who create and issue liquid staking tokens (called stETH and rETH) in exchange for staked assets,” the SEC said. “While staked tokens are generally locked up and cannot

For the crypto industry and its existential coupling with the banking sector, MiCA marks profound change, which only the most serious players are ready for. For example, in the resurgent stablecoin category, in which the dollar is the currency of reference, MiCA marks a proverbial fiscal cliff where unregulated or non-compliant tokens will ultimately be

From there, users can layer on additional data for navigation, points-of-interest, business needs, etc. Through a decentralized network, we can automate elements of map freshness and, with open APIs, developers can continually innovate and create dynamic filters. Then, the public can access open marketplaces of maps and self-determine which maps best fit their needs.

State Street Global Advisors, a unit of financial services giant State Street (STT), filed an application with the U.S. Securities and Exchange Commission (SEC) to register a crypto-based fund called the SSGA Active Trust. Galaxy will be responsible for the day-to-day management of the fund’s investments, according to the filing. The company is affiliated with

Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by the the wallet, according to an Arkham Intelligence social media post. “This BTC was originally seized from narcotics trafficker Banmeet Singh, and forfeited at trial in January 2024,” the post said.

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

The fund, which was oversubscribed, will focus on pre-seed investments in selected startups from the winners of Solana Hackathons. “It’s evident that there is a market demand for novel, specialized venture products in crypto, and we are excited to have a diverse group of investors, including ecosystem founders and hackathon alumni, alongside us to realize

Thorn said his research suggests 75% of creditors will be taking the “early” payout in July, meaning a distribution of about 95,000 coins. Of that, Thorn believes 65,000 coins will be going to individual creditors, but he thinks they may prove more “diamond-handed” than most expect. Among the reasons, he said, is that they’ve already

“Working with JPM Coin, on the cash side, is probably the largest digital-cash initiative in the world, and we are probably the largest collateral initiative in the world,” said Horacio Barakat, head of digital innovation at Broadridge, in an interview. “So working together towards that interoperability is very important.”

“Unlike equities which have a constant passive bid from ETF inflows and bond buybacks, crypto, and in particular altcoins, have the opposite – a constant stream of sell pressure,” Quinn Thomson, founder of crypto hedge fund Lekker Capital, noted 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

As first CEO and now executive chairman at MicroStrategy, Saylor has not only led that company to its acquisition of 226,331 bitcoin worth $15 billion over the past almost four years (the latest being the acquisition of 11,900 BTC just this week), but he’s also evangelized for other corporations to follow suit with their own

“The crowd is mainly fearful or disinterested toward Bitcoin,” the firm said in an X post Friday. “This extended level of FUD is rare, as traders continue to capitulate,” they added. “BTC trader fatigue, combined with whale accumulation, generally leads to bounces that reward the patient.”

Bitcoin fell to its lowest in over a month during the European morning, slumping to $63,500. This is the first time BTC has dropped below $64,000 since mid-May. At the time of writing, the bitcoin price is around $63,900, a fall of 3.5% in the last 24 hours. The CoinDesk 20 Index (CD20), a measurement

“The court declines to find as a matter of law that a reasonable investor would have derived any expectation of profit from general cryptocurrency market trends, as opposed to Ripple’s efforts to facilitate XRP’s use in cross-border payments, among other things,” Hamilton wrote. “Accordingly, the [court] cannot find as a matter of law that Ripple’s