Reactions to Genslers Crytpo, FTX Signs 7-Year Sponsorship with League of Legends CoinDesk 2024-10-22 | Reactions to Genslers Crytpo, FTX Signs 7-Year Sponsorship with League of Legends
Sen. Kennedy Grills Gensler on FTX Fraud CoinDesk 2023-07-20 | "Mr. Chairman, why did you and the SEC allow the FTX fraud to happen?"👀 Watch Watch Sen. John Kennedy (R--La.) grill Securities and Exchange Commission Chair Gary Gensler over the agency's lack of oversight of Sam Bankman-Fried and FTX. #cryptocurrency #digitalfinance #finance #bitcoin #crypto #SEC #garygensler #senate #regulations #ftx #sbf Subscribe to CoinDesk on YouTube: youtube.com/user/CoinDesk?sub_confirmation=1CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.Twitter: twitter.com/coindeskLinkedIn: linkedin.com/company/3104779/adminInstagram: instagram.com/coindeskFacebook: facebook.com/CoinDeskNewsletters: coindesk.com/newslettersCoinDesk Podcast Network: open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSPMarkets Daily Crypto Roundup: open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE
XRP Becomes Worlds 4th Largest Crypto by Market Cap After Ripple’s Partial Court Victory CoinDesk 2023-07-19 | "The Hash" tackles today's hot topics, including XRP overtaking BNB token to become the world's fourth-largest digital asset by market cap following Ripple's partial courtroom win. The panel digs into what the ruling could mean for the future of crypto regulation. Separately, bail for Celsius founder and former CEO Alex Mashinsky has been set at $40 million by a judge after his arrest. And, new details on what luxury fashion brand Gucci is doing in the world of NFTs.
To the MOON: Reddit Community Tokens Rocket Amid Rule Change Speculation CoinDesk 2023-07-19 | Moons (MOON), the native token of Reddit's r/CryptoCurrency community, is surging over 100% in the last 24-hours, according to data tracked by CoinGecko. CoinGecko's co-founder and COO, Bobby Ong, told CoinDesk the speculation about impending changes to Reddit has driven the token higher. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
Gary Gensler: Protect investors against a crypto industry “rife with noncompliance.” CoinDesk 2023-07-19 | U.S. Securities and Exchange Commission Chair Gary Gensler made a pitch for additional funding for his agency’s multi-billion budget on Wednesday, telling lawmakers the agency must expand to protect investors against a crypto industry “rife with noncompliance.”#budget #SEC #cryptonews #regulations #FY23 #garygensler #senate #shorts
Binance Ends Partnership With Argentina’s Soccer Association CoinDesk 2023-07-19 | Binance has terminated its five-year partnership with the Argentine soccer association, just after a year, citing a breach of contract. "The Hash" panel discusses the regulatory pressure Binance is currently facing and the state of sports partnerships from major crypto players.
XRP Short Traders Notch Highest Losses This Year After Ripples Partial Win CoinDesk 2023-07-19 | A landmark court ruling drove XRP prices to nearly double in the past 24 hours before receding, with XRP shorts losing the most money so far this year. Coinglass data shows XRP-tracked futures traders racked up a total of $58 million in losses as a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
Ex-Celsius CEO Alex Mashinskys Bail Set at $40M, Pleads Not Guilty to 7 Counts CoinDesk 2023-07-19 | Bail for Alex Mashinsky, founder and former CEO of bankrupt crypto lender Celsius, has been set at $40 million by a U.S. District Judge. Mashinsky pleaded not guilty to seven counts, relating to misleading investors and manipulating the price of his CEL token after being arrested on Thursday, the court document said. "The Hash" panel discusses what we know so far.
How the Ripple Labs Ruling Could Shape Future U.S. Crypto Regulation CoinDesk 2023-07-19 | Ripple Labs won a partial victory in its legal battle against the SEC after a U.S. federal court ruled yesterday that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. "The Hash" hosts discuss the latest developments and the implications for crypto regulatory clarity in the U.S.
NFTs go High Fashion: Gucci Partners With Christies on New Collection CoinDesk 2023-07-19 | 256-year old auction house Christie’s is teaming up with luxury fashion brand Gucci to release a digital art non-fungible token (NFT) collection. "The Hash" hosts discuss the latest move bringing together the worlds of fashion and Web3.
XRP Dethrones BNB to Become 4th Largest Cryptocurrency by Market Cap CoinDesk 2023-07-19 | XRP has become the fourth largest cryptocurrency by market capitalization, surpassing the BNB token, according to CoinDesk data. This comes as CoinGlass data shows XRP-tracked shorts, or bets against price rises, posted the highest losses so far this year at $33 million after a U.S. court found that sales of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. "The Hash" hosts discuss the Ripple ruling and subsequent market reaction.
Coinbase CEO Will Reportedly Meet With House Democrats; Bitcoin Outlook After Hitting June Low CoinDesk 2023-07-19 | Bloomberg reports Coinbase CEO Brian Armstrong will meet with House Democrats Wednesday morning. Needham & Company senior research analyst John Todaro shares his outlook on Coinbase (COIN)'s stock performance. Aku creator and former MLB player Micah Johnson discusses teaming up with Starbucks. Caleb & Brown director Jake Boyle shares his crypto markets analysis. And, John Oliver from PwC weighs in on how traditional hedge funds view investing in crypto assets.
XRP Rallies 50% in Last Week After Ripples Partial Win; Binance Reportedly Cuts Workforce CoinDesk 2023-07-19 | “CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest crypto stories, including a new report from the Wall Street Journal that the global crypto exchange Binance has laid off over 1,000 employees in recent weeks. Bail for Alex Mashinsky, the former CEO of Celsius, has been set at $40 million dollars after he was arrested. And, a slew of crypto exchanges start listing XRP for trading.
Aku Creator Micah Johnson on Starbucks Partnership, Web3 Outlook CoinDesk 2023-07-19 | Starbucks' Web3 loyalty program Odyssey is launching a new 'Journey' for its next digital collectible Stamp, in collaboration with NFT collection Aku. Aku creator and former MLB Player Micah Johnson shares his insights into the Starbucks partnership and what to expect from "Aku Adventure." Plus, Johnson's take on the future of Web3 in entertainment and the downturn in the NFT market.
Ripple’s Partial Win Against SEC Is Positive for Coinbase: Needham CoinDesk 2023-07-18 | Needham & Company senior research analyst John Todaro joins "First Mover" to discuss why Ripple's partial court win against the SEC could be positive for Coinbase (COIN)'s stock. Plus, Todaro shares his outlook on recent spot bitcoin ETF application hype in the U.S. and rising institutional crypto interest.
PwC Survey Reveals How Hedge Funds View Investing in Crypto CoinDesk 2023-07-18 | A new report from Big Four accounting firm PricewaterhouseCoopers (PwC) shows the proportion of traditional hedge funds investing in crypto assets declined in the past 12 months though the long-term outlook remains positive. PwC FinTech Trust Services co-leader John Oliver joins "First Mover" to discuss the state of institutional interest in the crypto industry and key takeaways from the survey.
Bitcoin Remains Under Pressure After Hitting Lowest Level Since Late June CoinDesk 2023-07-18 | The price of bitcoin (BTC) is barely holding above a one-month low as Tuesday morning's economic data confirms the U.S. economy remains in growth mode and traders brace for what's now a near 100% certainty of another Federal Reserve rate hike next week. Caleb & Brown Director Jake Boyle discusses his outlook on bitcoin and thoughts on the altcoin sector.
Web3 Funding from Venture Capital Funds Slumps in Second Quarter: Crunchbase Data CoinDesk 2023-07-18 | Crypto-specific investment firm CoinFund has raised $158 million to support pre-seed and seed stage investments in new startups across the Web3 sector. The news was first reported by Bloomberg. The Hash" panel discusses the outlook of institutional investor confidence in a bear market, as Web3 funding from venture capital funds has plunged 76% in the second quarter when compared to the same period a year ago, according to data from Crunchbase.
SECs Gensler Disappointed by Part of Court Decision in Ripples Case, Still Assessing Opinion CoinDesk 2023-07-18 | U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler said that he was disappointed with a district court's decision in the Ripple case regarding retail investors, but pleased with the part of the order which found that institutional sale of the tokens did violate federal securities laws. "The Hash" panel weighs in on Chair Gensler's response to Ripple's partial victory in its legal fight with the regulator. Plus, reaction to Gensler's comments about AI's risk to financial stability.
Former Celsius CEO Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender CoinDesk 2023-07-18 | Alex Mashinsky, co-founder and former CEO of insolvent crypto lender Celsius, was arrested in New York on Thursday following an investigation into the company's collapse, according to the U.S. Department of Justice (DOJ). "The Hash" breaks down the latest developments, as the U.S. Department of Justice has accused Mashinsky of orchestrating a "years long scheme to mislead customers."
Ripple Scores Partial Victory in SEC Court Fight Over XRP; Ex-Celsius CEO Alex Mashinsky Is Arrested CoinDesk 2023-07-18 | “CoinDesk Daily” host Jennifer Sanasie breaks down an eventful day for the crypto industry, as Alex Mashinsky, former CEO of the insolvent crypto lender Celsius, is arrested and accused of orchestrating a "years long scheme to mislead customers" by the Department of Justice. Plus, Ripple’s XRP token rallies over 50% after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts.
Coinbase Lawyers Argue Student Loan Ruling Could Sway SEC Lawsuit CoinDesk 2023-07-18 | Coinbase's lawyers argue that recent a U.S. Supreme Court judgment on student debt cancellation will aid the exchange's legal battle against the U.S. Securities and Exchange Commission (SEC). CoinDesk Regulation reporter Jack Schickler breaks down the latest filing and what to expect from the upcoming SEC vs. Coinbase hearing.
Former SEC Enforcement Branch Chief Reacts to Celsius Being Sued by SEC CoinDesk 2023-07-18 | Lisa Bragança, former SEC enforcement branch chief and Bragança Law attorney, reacts to the SEC accusing bankrupt crypto lender Celsius Network and former CEO Alex Mashinsky of securities fraud. This comes as Bloomberg reports that Mashinsky was arrested following an investigation into the company's collapse.
Bitcoin Breakout Above $31K Remains Elusive as Shorts Pile In CoinDesk 2023-07-18 | Forex.com global head of research Matt Weller discusses his crypto markets analysis and outlook as bitcoin (BTC) has failed twice this week to breakout above $31,000. Plus, his reactions to the June Producer Price Index (PPI) data and the U.S. spot bitcoin ETF race.
XRP Surges After Court Ruling; Ex-Celsius CEO Mashinskys Bail Set at $40M CoinDesk 2023-07-18 | XRP’s price has skyrocketed, after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. Willkie Farr & Gallagher LLP Counsel Michael Selig and former SEC attorney Alex Damsker share their respective legal opinions on Ripple's partial victory in its fight with the U.S. Securities and Exchange Commission (SEC). CoinRoutes CEO and co-founder Dave Weisberger discusses his crypto markets analysis. And, Arkham founder and CEO Miguel Morel addresses concerns from privacy-focused crypto advocates after announcing a new crypto data marketplace.
Former SEC Enforcement Branch Chief Weighs in on Legal Battles Against Celsius, Coinbase CoinDesk 2023-07-18 | Former SEC enforcement branch chief and Bragança Law attorney Lisa Bragança discusses the latest developments for U.S. crypto regulation as the regulator takes aim at Celsius and Coinbase. Crypto exchange Coinbase and the SEC are meeting in court for the first time since the federal regulator charged Coinbase with breaching federal securities law in June. Separately, the SEC is suing insolvent crypto lender Celsius Network and former CEO Alex Mashinsky.
Zuckerberg Says Threads Has Reached 100M Sign Up Milestone CoinDesk 2023-07-18 | Meta's Threads app saw over 100 million registered users within a week of its launch, becoming one of the fastest-growing apps in history. CoinDesk Executive Director of Global Content Emily Parker discusses her take on the Threads hype and why Twitter has been ripe for disruption for years now.
Ex-Celsius CEO Alex Mashinsky Is Arrested as Insolvent Crypto Lender Is Sued by SEC, CFTC, FTC CoinDesk 2023-07-17 | "The Hash" tackles today's hot topics, including Alex Mashinsky, the co-founder and former CEO of insolvent crypto lender Celsius, getting arrested following an investigation into the company's collapse. This comes amid a slew of separate lawsuits against Mashinsky and Celsius by the SEC, CFTC, FTC. Separately, Coinbase lawyers argue the Supreme Court's recent judgment on student debt cancellation aids its defense against the SEC. And, an update on Circle trimming its workforce and ending certain "non-core" activities.
Coinbase Heads to Court Against the SEC CoinDesk 2023-07-17 | The U.S. Securities and Exchange Commission (SEC) is presenting its response to Coinbase's (COIN) first legal defense on July 13, according to a court order. "The Hash" panel discusses the latest developments in the legal battle, as the crypto exchange's lawyers argue that the Supreme Court's recent judgment on student debt cancellation may help with Coinbase's case.
Legal Experts Weigh in on Ripples Partial Victory in SEC Court Fight Over XRP CoinDesk 2023-07-17 | Ripple scored a partial win in its fight with the U.S. Securities and Exchange Commission (SEC) after a court ruling that brought a little bit of regulatory clarity for the crypto industry. Willkie Farr & Gallagher LLP Counsel Michael Selig along with INX advisor and former SEC attorney Alex Damsker share their respective insights into the legal judgement. Plus, their thoughts on bail for former Celsius CEO Alex Mashinsky being set at $40 million by a judge after he was arrested Thursday on charges of fraud.
Circle Trims Workforce Slightly to Maintain Strong Balance Sheet CoinDesk 2023-07-17 | Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday. While some departments were subject to layoffs, the stablecoin issuer said it will continue to hire in other areas. "The Hash" panel weighs in on the lingering effects of crypto winter, along with Circle considering issuing a stablecoin in Japan.
Merchants on Messaging App Telegram Gain Access to In-App Crypto Payments for First Time CoinDesk 2023-07-17 | Merchants on Telegram are now able to accept payment in cryptocurrency as services provider Wallet expands beyond its chat-centric payments mechanism. "The Hash" panel discusses the latest developments for the messaging app.
Ripple’s XRP Token Skyrockets After Court Rules XRP Sales Aren’t Investment Contracts CoinDesk 2023-07-17 | XRP’s price has skyrocketed after a New York Court ruled the sale of XRP tokens on exchanges did not constitute investment contracts. "The Hash" panel discusses the latest developments after the court published the conclusions in an order partially granting a motion for summary judgment in the seminal U.S. Securities and Exchange Commission case against the blockchain platform.
Coinbase Heads to Court Against the SEC; Threads Hits 100M Users in Less Than a Week CoinDesk 2023-07-17 | Coinbase and the U.S. Securities and Exchange Commission are slated to meet in court Thursday in a pre-motion hearing. Former SEC enforcement branch chief and Bragança Law attorney Lisa Bragança shares her expectations. Threads is gaining traction against rival Twitter, after hitting 100 million users in less than a week. Bitcoin (BTC) has failed twice this week to breakout above $31,000. Forex.com global head of research Matt Weller shares his crypto markets analysis.
Arkham CEO Responds to Concerns Surrounding New Crypto Data Marketplace CoinDesk 2023-07-17 | Crypto data firm Arkham Intelligence is facing scrutiny from privacy-focused crypto advocates after announcing the Arkham Intel Exchange, a new service that incentivizes people to reveal the identities behind otherwise anonymous blockchain addresses. Arkham founder and CEO Miguel Morel addresses the privacy concerns and the implications for transparency in blockchain tech. "Ensuring the trust and safety of the Arkham platform will aways be the number one priority for us," Morel said.
Bitcoin Breaks Above $31K as XRP Ruling Bolsters Optimism CoinDesk 2023-07-17 | Bitcoin (BTC), XRP, and most other major cryptocurrencies are rallying Friday on the news of a judge ruling that the sale of Ripple's XRP tokens on exchanges and through algorithms did not violate federal securities laws. CoinRoutes CEO and co-founder Dave Weisberger discusses the impact of the XRP ruling on the crypto markets.
AI vs. Art: Experts Debate the Creators Dilemma in the Digital Age CoinDesk 2023-07-16 | Josie Bellini, Jeff Nicholas and Jiabao Li discuss AI's impact on art creation and how this powerful and controversial toolkit affects the role of creators, artists, command-prompt gurus, and big thinkers at Consensus 2023.
Electric Capitals Developer Report: The Future of Crypto CoinDesk 2023-07-16 | Electric Capital's Maria Shen and Curtis Spencer analyze open-source code commits to reveal where developers are building for crypto's future at Consensus 2023.
Bitcoin Nears $31K as Inflation Rose Less Than Expected; Crypto Oversight Bill Re-Launch CoinDesk 2023-07-16 | The U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Unchained CEO and co-founder Joe Kelly shares his outlook on bitcoin. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School discusses crypto legislation being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.). And, Alliance DAO senior researcher Will Robinson weighs in on the future of Web3 gaming.
Unleash the Potential of Omnichain Assets with LayerZero: Expert Insights from Irene Wu CoinDesk 2023-07-15 | Learn how to build cross-chain dapps with LayerZero, and discover the new frontiers in omnichain assets at Consensus 2023.
Exploring Asias Emergence as a Cryptocurrency Hub CoinDesk 2023-07-15 | Asia's growing tech sector, focus on digital literacy, and relatively friendly regulatory environment make it ripe to become a growing hub for the digital assets space. Chao Deng, the CEO of HashKey Capital, the investment arm of financial-services firm HashKey Group, speaks at Consensus 2023 in Austin, Texas about why Asia Is crypto’s next regional hub.
Grayscale Bitcoin Trust Discount Narrows In Wake of Spot Bitcoin ETF Race in U.S. CoinDesk 2023-07-15 | GSR Markets co-founder and President Rich Rosenblum discusses his crypto markets analysis and outlook as bitcoin (BTC) remains steady over $30,000. Plus, Rosenblum addresses the discount to net asset value for the Grayscale Bitcoin Trust narrowing in the wake of asset manager BlackRock’s application to open a spot bitcoin ETF in the United States. Grayscale and CoinDesk are both owned by DCG.
Future of Crypto Regulation in the UK CoinDesk 2023-07-14 | The landmark Markets in Crypto Assets (MiCA) law is set to take effect in 2024. So how could this impact the United Kingdom? CoinDesk UK regulatory reporter Camomile Shumba discusses the latest developments, after a UK bill giving regulators the power to supervise crypto and stablecoins was approved by King Charles last month.
Some Users Report Issues Accessing FTXs Claims Portal Online CoinDesk 2023-07-14 | Cointelegraph reports some users are experiencing issues with accessing bankrupt crypto exchange FTX's newly-launched customer claims portal online. "The Hash" panel discusses the latest developments amid reported talks from FTX's new leadership to potentially revive the exchange.
Former CFTC Chairman on Second Round of the Lummis-Gillibrand Crypto Bill CoinDesk 2023-07-14 | Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) just reintroduced an updated version of their landmark crypto legislation. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses the move and the implications for the wider U.S. crypto regulatory landscape.
U.S. CPI Falls to 3% in June; Coinbase Shares Near One-Year High CoinDesk 2023-07-14 | Coinbase’s (COIN) shares rose to a near one-year high after the exchange announced a surveillance-sharing agreement with five spot bitcoin (BTC) exchange-traded fund (ETF) applicants. "First Mover" hosts share their reaction as Cathie Wood’s ARK Invest sells $12 million worth of Coinbase’s stock. Separately, insights on the U.S. Consumer Price Index falling to 3% on a year-over-year basis in June.
EU’s Metaverse Vision Focuses on Standards and Governance for Virtual Worlds CoinDesk 2023-07-14 | The European Commission on Tuesday set out its plans for the metaverse, confirming leaked plans previously reported by CoinDesk that would see new standards and governance for virtual worlds. "The Hash" panel weighs in on the latest metaverse developments in Europe.
Big Banks Should Help Move Bitcoin Away From Proof-of-Work: Greenpeace CoinDesk 2023-07-13 | A new report from Greenpeace argues that some big banks and asset managers should be responsible for helping address "bitcoin's climate impact." "The Hash" panel weighs in on the debate over crypto's energy consumption and overall environmental impact of bitcoin.
This Digital Toy Company Is Integrating Kid-Friendly AI Chatbot Into NFTs CoinDesk 2023-07-13 | OnChain Studios, the Web3 collective behind non-fungible token (NFT) company Cryptoys is planning to integrate a kid-friendly artificial intelligence (AI) chatbot into its character-based digital collectibles. "The Hash" panel discusses the outlook for the AI software and the future of kids interacting with digital toys.
Kaiko Reveals Liquidity Ranking for Crypto Assets in Q2 CoinDesk 2023-07-13 | Recently, Kaiko released its Q2 crypto asset liquidity ranking and the data analytics firm found that recent SEC lawsuits have directly impacted liquidity of certain assets. ATOM, FIL and MATIC's liquidity worsened over the quarter, after all being named as alleged securities in the regulator's lawsuit against Coinbase. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
Breaking Down the Current Positioning of the Bitcoin Options Market CoinDesk 2023-07-13 | The Tie Director of Content Lawrence Lewitinn takes a deep dive into the bitcoin options market and how it is positioned right now, with a focus on the Gamma Exposure Index calculated by data analytics firm Laevitas. Plus, insights on the open interest in bitcoin options and the market's reaction to its quarter-end expirations.
