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Crypto Markets Today: Galaxy Digital Expands Brokerage Services With GK8 Acquisition

coindesk.com Mike Novogratz's cryptocurrency-focused, financial-services firm Galaxy Digital has won an auction to buy self-custody platform GK8 from embattled crypto lender Celsius…

Crypto Derivatives DEXes Reposition for Life After FTX

coindesk.com The collapse of crypto derivatives exchange FTX is driving more attention to its on-chain competitors and prompting these so-called decentralized exchanges (DEXes) to…

Three Arrows Capital Liquidators Seize $35.6M From Singaporean Banks

coindesk.com Liquidators for Three Arrows Capital (3AC) have seized $35.6 million from the collapsed crypto hedge fund’s bank accounts in Singapore three months after getting the nod…

Sam Bankman-Fried's Self-Incrimination Tour

coindesk.com One of those interviews, with the New York Times’ Aaron Ross Sorkin, was already scheduled before the unmasking of FTX and Alameda in November. But Bankman-Fried also sat…

Former FTX US President Is Seeking Funds for New Crypto Startup: Report

coindesk.com He is trying to raise $6 million while valuing the company, which aims to build crypto trading software for large investors, at $60 million, according to the report.…

Crypto Is at ‘Brick Wall Stage' and Needs ‘Right Balance’ of Regulation, Says Legal Expert

coindesk.com A legal expert says the crypto industry is “at the brick wall stage and it's forcing the hand of legislators to amend legislation.” Pennsylvania State University Dickinson…

DeFi Protocol Ankr to Reimburse Users Affected by $5M Exploit

coindesk.com Decentralized finance (DeFi) protocol Ankr said it will reimburse the users impacted by the $5 million exploit that occurred on its platform earlier Friday. "We will take a…

Arrest Warrant for Terra Co-Founder Dismissed by Korean Court: Report

coindesk.com The arrest warrant for Daniel Shin, the former CEO of Chai Corporation who co-founded Terra Luna issuer Terraform Labs with Do Kwon, was dismissed by a Korean court on…

Mike Novogratz's Galaxy Digital Agrees to Buy Self Custody Firm GK8 From Celsius

coindesk.com Bloomberg reported earlier on the Galaxy-GK8 deal. Galaxy's aim with the acquisition is to expand its prime brokerage offering. Around 40 people would be joining Galaxy's…

Binance Exec Says Firm's 'Centralized Exchange' May Not Be Around in 10 Years

coindesk.com CORRECTION (Dec. 1 20:35 UTC): Updates headline to say Binance's centralized exchange may not be around in 10 years, not the company. “It will be a multistep process,…

Brands Will Save Crypto? Be Careful What You Wish For

coindesk.com The initiative, which will allow Nike sneaker fans to buy and sell the brand’s digital wearables and to create their own collectibles powered by non-fungible tokens, is one…

Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain

coindesk.com Miners’ balance sheets have been steadily deteriorating over the past few months as the price of bitcoin has slumped, killing their revenue. Meanwhile, energy prices have…

Alameda Research Shouldered FTX Loss of Up to $1B Following Client's Leveraged Trade in 2021: FT

coindesk.com In early 2021, a client's leveraged bet on a little-known token called MobileCoin – used for payments in the messaging app Signal – suddenly caused it to spike from around…

Meta Dips Toe Back Into Policy Circles to Boost Metaverse

coindesk.com After Meta Platforms (META) famously riled up U.S. regulators with Facebook’s abortive stablecoin initiative, the company is back with an effort to influence digital policy…

Bitcoin Slips as US Economy Added a Strong 263K Jobs in November

coindesk.com Employers added 263,000 jobs in November, down from an upwardly revised 284,000 in October but topping expectations of 200,000 as the U.S. economy continues to show signs of…

US Justice Department Wants FTX Fraud Allegations to Be Investigated

coindesk.com "An examiner could—and should—investigate the substantial and serious allegations of fraud, dishonesty, incompetence, misconduct, and mismanagement by the Debtors," DOJ…

How Attackers Made $15M From Staking Platform Helio After Ankr Exploit

coindesk.com An unknown group of attackers were able to drain some $15 million in liquidity from BNB Chain-based staking platform Helio on Friday morning after exploiting an oracle issue…

First Mover Americas: Bitcoin Stays Near $17K Ahead of Jobs Report

coindesk.com Latest Prices Top Stories Bitcoin was roughly flat at around $17,000 early Friday ahead of the November jobs report due at 8:30 a.m. ET. The U.S. employment report for…

Online news site CoinDesk attracts suitors amid crypto crash

semafor.com Online news site CoinDesk attracts suitors amid crypto crash CoinDesk, the online news site whose story on cracks in Sam Bankman-Fried’s crypto empire sparked an…

Dogecoin's Bitcoin-Beating Bounce May Be Bad News for the Market

coindesk.com The discrepancy is significant because, historically, outsized gains in DOGE and other meme coins like shiba inu (SHIB) have portended a marketwide sell-off. "Every time…

Will Bitcoin (BTC) See A Christmas Rally? Here's What To Watch

newsbtc.com After the recent speech by US Federal Reserve chairman Jerome Powell, there was a price firework on the stock market, from which Bitcoin also benefited. As a result, the BTC…

First Mover Asia: Cryptos' Short Win Streak Ends as Investors Remain Cautious

coindesk.com Good morning. Here’s what’s happening: Prices: Bitcoin and ether traded down slightly to break a three-day streak of gains, although the largest crypto by market value…

FTX Japan Plans to Restart Local Customer Withdrawals

coindesk.com FTX Japan is looking to restart withdrawals after a plan to return deposits was approved by its bankrupt parent FTX. If the plan works out, the collapsed crypto exchange's…

Avalanche-Based DEX Trader Joe to Soon Deploy on Ethereum Scaling Solution Arbitrum

coindesk.com “Our aim was to always innovate on the frontiers of DeFi at a global level,” Trader Joe developers said in a statement. “Deployment to Arbitrum One is the next step in this…

Crypto Exchange Zipmex Secures Creditor Protection Extension as Court Sets Deal Deadline

coindesk.com DISCLOSURE Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on…

Adam Cochran on Why Crypto Prices Will Be Down Bad for the Next Six Months

unchainedpodcast.com Adam Cochran, partner at Cinneamhain Ventures, talks about the collapses suffered during this year, their impacts on big traditional finance players, and what’s coming in…

There’s Still Investment Opportunity After the Fall of FTX

coindesk.com Crypto investors still have a lot to be thankful for as 2022 comes to a close – but it’s difficult to ignore the obvious... That being the collapse of crypto exchange FTX…

Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps

coindesk.com WASHINGTON, D.C. — In its eighth and final meeting of 2022, the Federal Reserve will likely raise interest rates by another 50 basis points, or 0.5 percentage point, Fed…

How the Current Bitcoin Bear Cycle Compares to 2014 and 2018

247wallst.com Year-to-date, Bitcoin is down by 65% in 2022. Since Bitcoin launched in 2009, it has been a massively profitable investment in all years except for 2014 (-58%) and 2018…

Crypto Markets Today: CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill

coindesk.com The collapse of crypto exchange FTX might not have happened if the firm was under the Commodity Futures Trading Commission's watch, the agency's head argued Thursday. -…

US CFTC Commissioner Cites Latest Crypto Sanction in Call for New Rules

coindesk.com As the U.S. Commodity Futures Trading Commission awaits legislation to establish its place in crypto oversight, Commissioner Kristin Johnson says the agency should start…

Stripe Debuts Fiat-to-Crypto Payment Offering for Web3 Businesses

coindesk.com The offering, a customizable widget that can be embedded directly into a DEX, NFT platform, wallet or decentralized app (dApp), is designed to allow customers to instantly…

Bitcoin's Price Action Is Encouraging, But It May Not Signal Bottom: Traders

coindesk.com Some experts, however, called for caution as bitcoin's price action is yet to satisfy all conditions necessary to confirm a bear market bottom and a bullish revival. "As we…

November Jobs Report On Deck as Powell Confirms Slower Pace of Rate Hikes

coindesk.com Equity markets soared on the news, led by the Nasdaq’s 4.5% advance. Bitcoin (BTC) rallied as well, briefly topping $17,000 from the mid-$16,000 area (it’s trading at…

CFTC Chair Suggests 'Pause' to Overhaul Senate Bill Following FTX Debacle

coindesk.com FTX may not have happened if it was under the Commodity Futures Trading Commission's watch, its head argued Thursday. CFTC Chair Rostin Behnam, testifying in the first of…

Magic Eden Launches Protocol to Enforce Creator Royalties

coindesk.com The Open Creator Protocol (OCP) is an open-source tool built on top of Solana's SPL managed-token standard and will give creators launching new collections the choice of…

Binance Exec Says Company May Not Be Around in 10 Years

coindesk.com Binance, the world's largest cryptocurrency exchange by trade volume, is a centralized platform. “It will be a multistep process, including bringing in a third-party…

Coinbase Disables Mobile NFT Trading, Citing Apple’s App Store Policies

coindesk.com Crypto exchange Coinbase (COIN) has disabled non-fungible token (NFT) trading on its iOS wallet app due to a dispute with Apple (AAPL) over the company’s in-app purchase…

FTX Collapse Highlights Need for Global Crypto Regulations, Says US Treasury’s Adeyemo: Reuters

coindesk.com Doing so is important for the protection of investors, consumers and global financial stability, as well as to prevent illegal uses of cryptocurrencies, Adeyemo said at the…

Crypto Industry a Disaster in Need of Rebranding, UK Lawmaker Says

coindesk.com The crypto industry is “a complete disaster” at the moment, said Godfrey John Bewicke-Copley, a member of the House of Lords, at an All-Party Parliamentary Group (APPG)…

MakerDAO Community Votes to Hike DAI Rewards to 1%

coindesk.com Increasing the rewards known as the DAI Savings Rate (DSR) means that investors can earn a 1% annualized return on their DAI holdings, giving an incentive for investors at a…

Solana-Based DEX Orca Partners With Stripe for Fiat Transactions

coindesk.com Orca, a Solana-based decentralized exchange (DEX), has integrated with payments heavyweight Stripe to to power its fiat-to-crypto transactions. Users will now be able to…

CME Group Teaming With CF Benchmarks for 3 New DeFi Rates and Indices

coindesk.com The new rates will be calculated and published starting Dec. 19 and are currently not tradable futures products. “These three new benchmarks, together with Uniswap launched…

NYDFS Proposes Regulation Allowing It to Charge Crypto Companies in New York to Supervise Them

coindesk.com The proposed regulation comes eight months after the New York State Senate first authorized NYDFS to charge the crypto companies it oversees, bringing its oversight mandate…

Compass Mining Launches Bitcoin Miner Protection Plan

coindesk.com Compass Mining, a firm that brokers bitcoin mining machines and hosting services primarily to retail clients, said it is offering its first protection product so that…

2 Reasons Bitcoin Could 'Crash To Ground Level' According To Morgan Creek's Yusko

benzinga.com Mark Yusko, the founder and partner of Morgan Creek Capital Management, believes that two events — GBTC and Tether USDT/USD stablecoin — could spell doom for Bitcoin…

FCA-Regulated Crypto Custodian Digivault Is Up for Sale Following Eqonex Liquidation: Source

coindesk.com Digivault, the cryptocurrency custodian that was one of the first to secure a license from the U.K. Financial Conduct Authority (FCA), has put itself up for sale after…

First Mover Americas: Crypto's November Fall

coindesk.com Latest Prices Top Stories Bitcoin plunged by 18% in November, its biggest monthly loss in five months. Meanwhile, ether lost 21% during the month. The hardest-hit digital…

UK's Crypto Agenda Won't Be Derailed by FTX Collapse, Minister Says

coindesk.com "We’re driving forward this agenda and I continue to chair the crypto-engagement group to hear from industry and share progress," Griffith said at TheCityUK’s National…

Polygon APIs to Soon Deploy on Web 3 Indexing Service The Graph

coindesk.com Indexing service The Graph will soon add support for the Polygon blockchain. Polygon-based applications can soon run on fully-decentralized application programming interface…

Meta CEO Mark Zuckerberg Still 'Long-Term Optimistic' on Metaverse

coindesk.com Meta Platforms (META) CEO Mark Zuckerberg said he was still optimistic about the metaverse on a longer, “five-to-ten-year horizon” during the New York Times DealBook Summit…

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