New York Regulator: Crypto ‘Environment That Lends Itself to Illicit Finance’ New York state financial regulator Adrienne Harris argued that crypto’s “element of anonymity” creates an environment in which it can be used in illicit finance. Speaking on a panel at the Financial Times Crypto Winter Summit, Harris, who serves as Superintendent of the New York Department of Financial Services (NYDFS) said that crypto “really is […]
Sports And Web3 Collides During Sporting Crypto Social NYC Edition NYC is famous for being a melting pot of cultures and on a recent memorable night in November, at the Rally Museum, the Sporting Crypto Social NYC edition the vibe was no different. The event by Sporting Crypto, supported by ad agency L+R, brought together the worlds of sports, gaming, tech, and web3. The Rally […]
Ethereum Sidechain Ronin Adds Binance Pay to Wallet as ‘Pixels’ Game Surges The Ronin crypto wallet mobile app has added a Binance Pay integration that allows users to directly import funds from Binance exchange accounts to their wallets, Ronin developers announced Friday. The new feature also means mobile users can automatically convert cryptocurrencies like Bitcoin and Ethereum into Ronin ecosystem tokens like AXS and SLP from Axie […]
Coinbase CEO Is ‘Pretty Optimistic’ on Bitcoin ETF Approval A spot Bitcoin ETF has become something of a holy grail for the crypto industry—despite repeated pushback by the SEC—but Coinbase CEO Brian Armstrong is “pretty optimistic” that one will be approved soon. While stressing that he doesn’t have “proprietary or inside knowledge” on the matter, Armstrong told Decrypt that, “from everything I’ve read publicly […]
Bitcoin Miner AntPool to Refund Record-Breaking $3 Million Transaction Fee Bitcoin miner AntPool will refund a record-breaking $3 million transaction fee paid in error last week, once it has verified the owner. In an announcement, AntPool noted that its risk control system “temporarily froze the fee when packaging the transaction,” and invited the user to verify themselves before December 10. AntPool requested that the individual […]
FTX Cleared to Sell $873 Million in Grayscale Bitcoin Trust Shares and Other Holdings As the FTX bankruptcy saga continues, advisors for the collapsed crypto exchange have received court approval to sell assets held in digital trusts from Grayscale and Bitwise, which are collectively valued at nearly $873 million as of today. FTX holds more than 32 million total shares split between five Grayscale trusts—the Bitcoin Trust (GBTC), Ethereum […]
Crypto Sponsorships Are Back? University of Miami Strikes Deal With Helium Mobile Helium Mobile, a wireless phone service built on the decentralized, crypto-powered Helium network, has been named the Official Wireless Sponsor of University of Miami Athletics, the company and school announced Wednesday. As part of the collaboration, Helium Mobile will host promotions and fan experiences at Miami Hurricanes home games across sports, including as yet unannounced […]
Another Bitcoin ETF Hopeful Enters the Race Swiss digital asset manager Pando Asset AG today filed an application with the SEC to offer a spot Bitcoin ETF in the U.S. The Pando Asset Spot Bitcoin Trust would offer investors shares backed by Bitcoin with Bank of New York Mellon as the administrator and Coinbase Custody as the fund’s custodian. A genuine Bitcoin […]
Coinbase CEO: We Asked the SEC for Feedback, All We Got Was a Lawsuit San Francisco-based cryptocurrency exchange Coinbase is under fire from the U.S. Securities and Exchange Commission, despite the company’s attempts to seek clarity from the regulator, according to CEO Brian Armstrong. In an exclusive interview with Decrypt, Armstrong said Coinbase has met with the SEC 30 times over the last 18 months. “We haven’t really gotten […]
Bitcoin Mining Could ‘Mitigate’ Climate Change: Cornell Study A new study by researchers at Cornell University found that Bitcoin mining could mitigate against climate change by accelerating the shift to renewable energy. The study, “From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action,” investigated planned renewable energy projects in the U.S., calculating the potential profit from Bitcoin mining during […]
Duelbits announces partnership with football star Luis Suarez Duelbits has announced a strategic alliance with Luis Suarez, a Uruguayan national team and former Liverpool and FC Barcelona star. The online casino and sports betting platform will use the partnership in a brand campaign across the globe. Duelbits has partnerships with Aston Villa and the Argentina national team. Duelbits, a crypto sportsbook and online […]
Today in Crypto: Toniq Launches ‘First Ordinals-Specific NFT Marketplace Built on Bitcoin L2’, Neobank Brighty Reveals European B2B Platform Brighty Business Source: AdobeStock / sipgus Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.__________ Toniq, a company building professional tools and services on the decentralized web, today announced the launch of the first Ordinals-specific marketplace built on a Bitcoin Layer 2. The press release […]
Cardano Founder Charles Hoskinson: Bitcoin Gets ‘Complete Pass’ From SEC Cardano founder Charles Hoskinson launched a blistering attack on the U.S. Securities and Exchange Commission (SEC) in a recent livestream, accusing it of giving Bitcoin a “complete pass” over the question of whether it’s sufficiently decentralized to not be considered a security. “If you subpoena and attack about three different entities, you could perform a […]
Bitcoin ETF Hope Pushes Crypto Fund Investments to $1.5 Billion As long as there’s hope for a Bitcoin ETF, institutional investors keep pouring cash into crypto funds, according to a new report from CoinShares. The European digital asset manager clocked $346 million worth of deposits to crypto exchange-traded products (ETPs) last week. That’s the highest they’ve been over 9 consecutive weeks of net inflows—bringing year-to-date […]
‘Crypto Isn’t Going Anywhere’: Industry Leaders Weigh In on Binance Crackdown Binance founder and CEO Changpeng “CZ” Zhao is stepping down from his role at the crypto company and pleading guilty against charges put forth by the U.S. Department of Justice. Binance will also pay $4.3 billion as part of the settlement. Richard Teng, previously Binance’s Global Head of Regional Markets, will step in as CEO. […]
Bitcoin Bounces as DOJ Preps to Make Binance Settlement Official Crypto markets were awash in red earlier this morning after Bloomberg reported that the Justice Department planned to announce “separate but related cryptocurrency enforcement actions” in a press conference this afternoon. Bitcoin, Ethereum, and other major cryptocurrencies have since recovered following subsequent reports that the enforcement actions will focus on Binance, the world’s largest crypto […]
Argentina Has a New Pro-Bitcoin President—Who Is Javier Milei? Pro-Bitcoin outsider candidate Javier Milei will be the next President of Argentina following his victory in a second-round runoff election on Sunday. Per Bloomberg data, Milei won 56% of the votes to 44% for rival Sergio Massa, who serves as economy minister in the country’s incumbent Peronist coalition government; Massa conceded with 99% of the […]
CBDCs Could Replace Cash in Global Finance, Says IMF The International Monetary Fund’s (IMF) managing director laid out a bold vision during a speech in Singapore yesterday: Central bank digital currencies (CBDCs) could replace cash in the global financial system. “Countries are investigating CBDCs and are developing regulations to guide digital money developments,” Kristalina Georgieva said while speaking at the Singapore Fintech Festival yesterday. […]
CoinShares Preps Move to US Market—Just in Time for a Bitcoin ETF In a landmark move for the digital asset management industry, CoinShares International Limited (CoinShares) has secured an option to buy Valkyrie’s ETF business. The firm, based on the island Jersey off the coast of France, is the leading European investment company specializing in digital assets. Valkyrie is a U.S. digital asset manager based in Nashville, […]
Manny Pacquiao Turns to Shiba Inu to Help His Foundation Filipino boxing legend Manny Pacquiao has announced that his charitable foundation will use meme token Shiba Inu’s network for fundraising. In a Wednesday announcement, the world-champion-turned-politician said that the Manny Pacquiao Foundation would implement Shiba Inu’s Layer 2 blockchain Shibarium into the foundation’s operations. The Manny Pacquiao Foundation is a non-profit run by the former […]
