Terra's validators pulled the plug (at least temporarily) on their embattled network late Thursday New York time, Terra officially tweeted, while seeking answers to a crisis...
Janet Yellen, speaking recently at American University, made erudite, common-sense remarks about the right approach to regulating digital currencies and assets, innovation, and the politics surrounding...
Good morning! Here's what happened: Prices: Bitcoin struggles; altcoins underperform. Insights: Terra's implosion threatens crypto credit protocols. Technician's take: BTC is oversold and could see a short-term bounce.PricesBitcoin (BTC):...
Core Scientific, which currently has the highest hashrate among publicly traded bitcoin miners, just lowered its 2022 outlook, saying it would take a more conservative approach...
For months, Kevin Zhou, co-founder of hedge fund Galois Capital and former head of trading at digital asset exchange Kraken, has been sounding the alarm about...
Five years ago this week, the first universally deployable blockchain went live on a mainnet. Ethereum paved the way for an entirely new use case for...
Blockchain development platform QuickNode has announced its first acquisition with the purchase of icy.tools, a non-fungible token (NFT) analytics platform. Terms of the acquisition were not...
A New York man was arrested Thursday morning and charged for his role in an alleged crypto investment scheme that the Federal Bureau of Investigation (FBI)...
David Marcus, the former crypto chief at Meta (formerly Facebook), announced Lightspark, a new company to be built on the bitcoin-based Lightning Network."I wanted to share...
A "black swan" event is unpredictable, goes beyond what is normally expected of a situation, is obvious in hindsight, and has potentially severe consequences. Examples include...
Cryptocurrencies are starting to stabilize after falling sharply last week. Some indicators show that investor sentiment is extremely bearish, which usually follows a period of buying...
FTX Chief Executive Sam Bankman-Fried spent hours Thursday before U.S. lawmakers defending his efforts to allow clients to clear margin-backed crypto derivatives directly. The existing derivatives...
Sam Bankman-Fried has taken a large position in Robinhood (HOOD), according to an SEC filing. Shares of HOOD are up 28% in after-hours trading. This is a developing...
Core Scientific (CORZ), the largest publicly traded bitcoin miner by hashrate, reported first-quarter revenue of $192.5 million, falling short of analysts' consensus estimate of $200.3 million,...
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, saw a sharp drop to $25,402 on Thursday. The cryptocurrency stabilized later in the New York trading...
Miller Value Partners Chairman and former Legg Mason Capital Management CIO Bill Miller told CNBC that he sold some of his Bitcoin (BTC) holdings to raise...
I first met Meltem Demirors in Singapore. That was in 2018 - an eternity in crypto years. This was before DeFi, before NFTs, and before even...
Bitcoin, the world's oldest and largest blockchain, has been around since 2011, but despite being around for more than a decade, it hasn't changed much. That's because...
Bitcoin (BTC) appears to be oversold on the charts, which usually precedes a short-term price bounce. The cryptocurrency dipped towards $25,400 before quickly recovering above the $27,000...
Cryptocurrency markets are notoriously volatile. Bitcoin (BTC), the largest cryptocurrency with a market capitalization of $550 billion, is down 47% at the time of writing from...
Crypto-security startup Solidus Labs has received $45 million in a Series B funding round led by Liberty City Ventures at an undisclosed valuation. The funding will...
Block Inc (SQ) should try to downplay its association with Bitcoin because the link is holding back the stock, which would otherwise benefit from the payments...
The Terra blockchain was halted after the value of the Terra token (LUNA) fell below 2 cents on Thursday.According to a tweet from Terraform Labs, the...
As the price discovery process continues and traders of Bitcoin (BTC) and other cryptocurrencies try to figure out where these markets will bottom, it's worth taking...
This article is from CoinDesk Brasil, a partnership between CoinDesk and InfoMoney, one of Brazil's leading financial news publications. Follow CoinDesk Brasil on Twitter. XP (XP), Brazil's...
Now seems like a good time to diversify decentralized finance (DeFi). Teller Finance, a cryptocurrency infrastructure player seeking to create collateral-free lending in DeFi, is offering holders...
Investor concerns that Galaxy Digital (GLXY.TO) could suffer significant losses due to its exposure to Terra's LUNA token are "clearly unwarranted," BTIG Equity Research analyst Mark...
A joint body to coordinate crypto regulation globally is urgently needed and could become a reality within the next year, according to Ashley Alder, chairman of...
Cryptocurrencies are known for their volatility; they can rise and fall in the double digits. However, one form of cryptocurrencies, called stablecoins, aims to provide a...
Good morning and welcome to First Mover. I'm Lyllah Ledesma and I'd like to update you on the latest crypto market developments, news and insights.Market Moves:...
Soluna Holdings (SLNH), a data center developer that uses renewable energy for computing, has received $35 million in project financing from private equity firm Spring Lane...
6th Man Ventures has raised $145 million for its second crypto fund, which will focus on early-stage investments, according to a report from The Block.Partners in...
Belo, an Argentine crypto startup that offers a digital wallet, has raised $3 million in a seed round to operate in Mexico and Brazil in 2022. Companies...
Decentralized financial application (DeFi) PancakeSwap has published a governance proposal outlining a roadmap for its native token, Cake.The proposal, which passed with a 98.8% majority of...
From family reunions to family DAOs. Blue Studios on Thursday announced the launch of Wallio, a crypto wallet for non-custodial families. The product comes from the company's...
In the crypto press, you often find a lot of optimism, positivity, and hope for the future of this asset class, even in the face of...
Markets have been difficult to watch for most liquid asset classes in recent weeks, but none have been as painful as cryptocurrencies. Bitcoin's price fell below $27,000...
Decentralized financial application (DeFi) PancakeSwap has published a governance proposal outlining a roadmap for its native token, Cake.The proposal, which passed with a 98.8% majority of...
Terra-based decentralized financial protocol (DeFi) Anchor contributors have proposed lowering terraUSD (UST) interest rates to an average of 4% from the current 19.5%, as the broader...
Crypto analytics firm Chainalysis announced Thursday that it has raised $170 million in a funding round that values the blockchain analytics software developer at $8.6 billion. GIC...
With a variety of metaverses (and even a MetaMetaverse) emerging in recent months, there are now things to do in virtual worlds, but a clean, easy-to-use...
Terra believes that downward pressure on the UST share dilutes Luna, hindering recovery for both while creating a surplus of UST. The way to solve this...
BVNK, a banking and payments platform for businesses seeking crypto integration, has received $40 million in Series A funding.The round was led by Tiger Global and...
Traders of Terra's LUNA token suffered some of their biggest weekly losses in recent months as prices fell 99.7% in a week, data shows. The LUNA price...
Tether (USDT) slumped to 97 cents in Asian hours, losing its parity with the US dollar at the time of writing. On Coinbase, it fell as...
Ether futures led the liquidation losses in the last 24 hours as crypto markets lost over 16% of their total capitalization, data from multiple sources show. Liquidations...
Is UST's collapse due to a sinister conspiracy involving the same people as the GameStop short squeeze? Or was it due to a structural problem with...
Three Cathie Woods ARK Investment Management funds bought a total of 546,579 shares of Coinbase Global (COIN) stock, Ark said in an email Thursday. Coinbase shares...
Good morning. Here's what happened: Prices: Bitcoin hits lowest level since December 2020 amid UST implosion. Insights: algo stablecoins may not be such a good idea. Technician's take: BTC...
Over the weekend, the algorithmic stablecoin TerraUSD (UST) broke its peg. On Monday, it broke it again and has yet to recover. Regulators may need to...
The Terra money machine has all but collapsed today. UST stablecoin remains low in the sub-dollar range for the third day in a row, and LUNA,...
If you've been looking for a crypto wallet, you may have heard that it comes with one key. In fact, it comes with two keys: a...
Arrington Capital, a crypto investment firm with more than $1.6 billion in assets under management, has removed mention of its $100 million fund tied to Anchor,...
Web 3 has amazed the world by creating a parallel financial system of unprecedented flexibility and creativity in less than a decade. Cryptographic and economic primitives...
Australian bitcoin miner Iris Energy (IREN) remains on track to reach a hashrate of 15 exahash per second (EH/s) - 10 EH/s of which by early...
Pat Toomey, the ranking Republican on the Senate Banking Committee, said Wednesday that algorithmic stablecoins may not pose the same risk to the financial sector as...
Crypto markets were deep red on Wednesday as stablecoin woes kept some traders on edge. Terra's LUNA token crashed for the third day in a row, falling...
Just two months ago, Do Kwon, the founder of the Terra blockchain, tweeted to his followers that DAI, a five-year-old stablecoin, would fall victim to Terra's...
"And on the pedestal are these words, My name is Ozymandias, king of kings; look upon my works, ye mighty, and despair, nothing remains. Around the...
Grayscale Investments LLC recently met with the Securities and Exchange Commission (SEC) to better make its case for converting Grayscale Bitcoin Trust (GBTC) into a bitcoin...
Crypto hedge fund Arca is one of many likely to suffer from the sudden and dramatic collapse of the Terra blockchain's LUNA-powered stablecoin UST. The firm, which...
Non-fungible tokens (NFTs) are a red-hot asset class in the crypto world, with billions of dollars worth traded every month. But NFTs aren't just for buying,...
The European Commission is considering tough restrictions on the ability of stablecoins to become fiat currency replacements, according to a document seen by CoinDesk. Officials appear to...
Bitcoin (BTC) has fallen 6% in the last 24 hours and is trading at the lower end of a one-year price range. The cryptocurrency could find...
Bitcoin (BTC) mining company Argo Blockchain (ARBK) is "leaning toward" developing its own machines with Intel chips and partnering with a third-party vendor to bring them...
The sudden meltdown of an investment firm or money market fund often prompts U.S. government officials to act, with regulators meeting for urgent discussions to decide...
Nubank, Brazil's largest digital bank by market value, is now offering its customers the ability to buy and sell bitcoin (BTC) and ether (ETH) on its...
Neutrino USD (USDN), an algorithmic stablecoin within the Waves blockchain ecosystem, slipped below its U.S. dollar peg after the largest algorithmic stablecoin, TerraUSD (UST), fell as...
The Financial Accounting Standard Board (FASB) on Wednesday reportedly voted unanimously to launch a project to review the accounting for exchange-traded digital assets and commodities. The news...
Regulators in five U.S. states issued emergency orders Wednesday ordering a Metaversum casino with alleged Russian ties to immediately stop selling its non-fungible tokens (NFTs), citing...
Do Kwon, the CEO of Terra creator Terraform Labs, was one of the pseudonymous co-founders behind failed algorithmic stablecoin Basis Cash, CoinDesk has learned. Basis Cash (BAC)...
Gaming startup Branch has received a $12.5 million seed capital round to develop a game that keeps cryptocurrencies out of sight, the company announced Wednesday. Participants in...
The digital currency issued by Chile's central bank (CBDC) must accept offline payments, the head of Chile's monetary authority, Rosanna Costa, said at an event on...
The crypto market is posting double-digit percentage losses, with bitcoin (BTC) briefly falling below $30,000 on May 9, 2022 for the first time since July 2021....
FTX US has applied for a trust charter with the New York Department of Financial Services to operate in New York and offer its products to...
Shares of Coinbase (COIN) plunged more than 20% before the market opened after the crypto exchange reported lower-than-estimated revenue and weaker trading volume for the first...
Canadian crypto miner Hive Blockchain (HIVE) plans to consolidate its shares at a ratio of 5:1 to attract institutional investors.The move will reduce the number of...
Web 3 development platform Moralis has received $40 million in a Series A funding round. The fresh capital will be used to drive product development, improve...
Germany's Finance Ministry has issued guidance on the income tax treatment of cryptocurrencies, the first nationwide guidance on the subject. Individuals can sell Bitcoin or Ether tax-free...
Pan-African centralized crypto exchange MARA raised $23 million on Wednesday. The funding round was led by Coinbase Ventures, Alameda Research, Distributed Global, Day One Ventures, TQ...
