Proton Management Says Swan Bitcoin ‘Does Not Have Mining Business of Its Own’

Response to Swan’s lawsuit says that the mining company at the center of the controversy was only minority-owned by the company, and not a full-fledged subsidiary.

source https://www.coindesk.com/business/2024/10/01/proton-management-says-swan-bitcoin-does-not-have-mining-business-of-its-own/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Founding Coin Center Chief Jerry Brito Stepping Down After Decade

Jerry Brito, the founding executive director of the venerable-for-crypto advocacy and research organization Coin Center will step down by the end of the year, he wrote in a post on the group's website, adding that he'll be retaining a board seat.

source https://www.coindesk.com/policy/2024/09/30/founding-coin-center-chief-jerry-brito-stepping-down-after-decade/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Ends Historic September With a Dip, but Breakout May Not Come Before U.S. Election

source https://www.coindesk.com/markets/2024/09/30/bitcoin-ends-historic-september-with-a-dip-but-breakout-may-not-come-before-us-election/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin’s Bearish September May Be Its Best Since 2013 Ahead of Bullish October

BTC is close to ending September up 9%, its best since 2013, ahead of a seasonally bullish October.

source https://www.coindesk.com/markets/2024/09/30/bitcoins-bearish-september-may-be-its-best-since-2013-ahead-of-bullish-october/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

China's Former Minister of Finance Calls Crypto a 'Crucial Aspect' of Digital Economy

The former minister called on Beijing to study the industry in light of Republican candidate Donald Trump's comments on crypto.

source https://www.coindesk.com/policy/2024/09/30/chinas-former-minister-of-finance-calls-crypto-a-crucial-aspect-of-digital-economy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Paradox of the Bitcoin Maximalist

When Bitcoin is dominated by major institutions (and Bitcoiners are asking for approval from presidential candidates) we are in danger of creating centralized decentralized finance, something Bitcoin’s founders never intended, says Jason Dehni, CEO of Credbull.

source https://www.coindesk.com/opinion/2024/09/27/the-paradox-of-the-bitcoin-maximalist/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Holds Above $64K as China Stimulus Sends Conflux’s CFX, Dog Memes Running High

Bitcoin rose by 3%, trading above $65K with U.S. spot bitcoin ETFs seeing one of their largest inflow days at $365 million,

source https://www.coindesk.com/markets/2024/09/27/bitcoin-holds-above-64k-as-china-stimulus-sends-confluxs-cfx-dog-memes-running-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Global Effort Disrupts Russia Linked Network Using Crypto to Evade Sanctions, U.S. Charges Two Russians

Russian nationals Sergey Ivanov and Timur Shakhmametov have been charged for their involvement in operating money laundering services that catered to cybercriminals using cryptocurrencies, U.S. authorities announced on Thursday.

source https://www.coindesk.com/policy/2024/09/27/global-effort-disrupts-russia-linked-network-using-crypto-to-evade-sanctions-us-charges-two-russians/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto PACs Dominate Ohio Senate Race, Spending $40M on Sherrod Brown's Foe

The colossal campaign spending from the cryptocurrency industry is showing up in dominant fashion in Ohio's U.S. Senate race, where its political action committees have devoted $40 million to support Republican Bernie Moreno's opposition of Sen. Sherrod Brown (D-Ohio), the crypto-skeptical chairman of the Senate Banking Committee.

source https://www.coindesk.com/policy/2024/09/26/crypto-pacs-dominate-ohio-senate-race-spending-40m-on-sherrod-browns-foe/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tornado Cash Dev Roman Storm’s Criminal Case Will Proceed to Trial, NY Judge Orders

The U.S. Department of Justice’s (DOJ) case against Tornado Cash developer Roman Storm will proceed to trial, a New York judge ruled during a telephonic hearing on Thursday.

source https://www.coindesk.com/policy/2024/09/26/tornado-cash-dev-roman-storms-criminal-case-will-proceed-to-trial-ny-judge-orders/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

NYDFS 'More Eager Than Anyone' for Federal Legislation, Chief Says

NYDFS Superintendent Adrienne Harris said any federal legislation should still keep a role for state regulators.

source https://www.coindesk.com/policy/2024/09/26/nydfs-more-eager-than-anyone-for-federal-legislation-chief-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Utah Judge Rules SEC’s Case Against Alleged Crypto Mining Scam Green United Can Proceed to Trial

The U.S. Securities and Exchange Commission’s (SEC) lawsuit against Green United can proceed to trial, a Utah judge ruled Monday.

source https://www.coindesk.com/policy/2024/09/26/utah-judge-rules-secs-case-against-alleged-crypto-mining-scam-green-united-can-proceed-to-trial/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

PayPal Enables U.S. Business Accounts to Buy, Hold and Sell Crypto

The service won't be available to New York state in the beginning.

source https://www.coindesk.com/business/2024/09/25/paypal-enables-us-business-accounts-to-buy-hold-and-sell-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Next Wave of AI Is Mobile

AI is moving beyond tech giants as everyday smartphones take on complex computing tasks, says Mitch Liu, CEO of Theta Labs.

source https://www.coindesk.com/opinion/2024/09/25/the-next-wave-of-ai-is-mobile/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing

TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock Inc. – settled accusations that they knowingly misrepresented the backing of the TrueUSD stablecoin and offered securities tied to it without properly registering, the U.S. Securities and Exchange Commission said in a Tuesday statement.

source https://www.coindesk.com/policy/2024/09/24/trusttoken-truecoin-settle-with-sec-over-fraud-accusations-in-stablecoin-investing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Leveraging Bitcoin’s Security for Trustless Asset Transfers

We should be looking to Bitcoin as the foundation for secure cross-chain infrastructure, says Jeff Garzik, CEO of Bloq and leader of the Hemi Network project.

source https://www.coindesk.com/opinion/2024/09/24/leveraging-bitcoins-security-for-trustless-asset-transfers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

JP Morgan's Onyx Blockchain Used for Siemens' Digital Commercial Paper Settlement

The transaction was a milestone for Onyx and SWIAT, which are collaborating to develop digital asset issuance products on blockchain rails for commercial banks.

source https://www.coindesk.com/business/2024/09/23/jp-morgans-onyx-blockchain-used-for-siemens-digital-commercial-paper-settlement/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Core Scientific, on Cusp of Becoming a Major Force in AI Hosting, Initiated at Buy: Canaccord

The broker started coverage of the bitcoin miner with a buy rating and a $16 price target.

source https://www.coindesk.com/markets/2024/09/23/core-scientific-on-cusp-of-becoming-a-major-force-in-ai-hosting-initiated-at-buy-canaccord/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Canada Moves Away From Retail CBDC, Shifts Focus to Broader Payments

Canada is shifting its focus away from a retail central bank digital currency after years of research, its central bank announced last week.

source https://www.coindesk.com/policy/2024/09/23/canada-moves-away-from-retail-cbdc-shifts-focus-to-broader-payments/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether Outperforms Bitcoin as Token 2049 Concludes, Overall Crypto Market Stays Flat

The CoinDesk 20 is beginning the week flat.

source https://www.coindesk.com/markets/2024/09/23/ether-outperforms-bitcoin-as-token-2049-concludes-overall-crypto-market-stays-flat/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Next Stage for Public Good Funding in Crypto

Privatizing public goods investment in venture funds would help align incentives and lead to more sustainable financing for networks that have a social purpose, says Azeem Khan.

source https://www.coindesk.com/opinion/2024/09/20/the-next-stage-for-public-good-funding-in-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

German Government Shuts Down 47 Exchanges, Says They're Tied To ‘Illegal Activity’

The German Attorney General's Office Frankfurt am Main (Generalstaatsanwaltschaft) and the country’s Federal Criminal Police Office (BKA) have shut down 47 crypto exchanges allegedly tied to criminal activities including money laundering.

source https://www.coindesk.com/business/2024/09/19/german-government-shuts-down-47-exchanges-tied-to-illegal-activity/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Faces Key Test at $64K as Altcoins Lead Crypto Rally; Options Traders Bet on $70K BTC Next Month

The broad-based CoinDesk 20 Index outperformed BTC and ETH, with all of its constituents advancing through the day and SOL, AVAX and APT gaining 10%-15%.

source https://www.coindesk.com/markets/2024/09/19/bitcoin-faces-key-test-at-64k-as-altcoins-lead-crypto-rally-options-traders-bet-on-70k-btc-next-month/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Does SBF’s Appeal Stand a Chance of Succeeding?

Lawyers contacted by CoinDesk are skeptical the FTX’s founder will get another trial.

source https://www.coindesk.com/business/2024/09/19/does-sbfs-appeal-stand-a-chance-of-succeeding/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Arthur Hayes: 'If They Go 50, That Will Be a Nuclear Catastrophe for Financial Markets'

In an interview with CoinDesk's Markets Daily, BitMEX co-founder and Maelstrom CIO Arthur Hayes discusses the impact of the Fed cut, how he sees the crypto markets shaping out this year, and why he's investing in Bitcoin Ordinals and inscriptions.

source https://www.coindesk.com/business/2024/09/18/arthur-hayes-if-they-go-50-that-will-be-a-nuclear-catastrophe-for-financial-markets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Key Opinion Leaders Are Bad for the Crypto Industry

That’s why my new project isn’t paying them. (And who is Professor Crypto, anyway?)

source https://www.coindesk.com/opinion/2024/09/17/key-opinion-leaders-are-bad-for-the-crypto-industry/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

FTX’s Accounting Firm Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations

International accounting firm Prager Metis has agreed to pay $745,000 to settle misconduct allegations from the U.S. Securities and Exchange Commission (SEC) tied to its bungled audit of FTX before its collapse in November 2022.

source https://www.coindesk.com/policy/2024/09/17/ftxs-accounting-firm-prager-metis-to-pay-sec-195m-to-settle-negligence-allegations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Flappy Bird Creator Dong Nguyen Comes Out of Social Media Retirement to Take a Swing at GameFi

Flappy Birds is back, but without the support of its original creator.

source https://www.coindesk.com/web3/2024/09/16/flappy-bird-creator-dong-nguyen-comes-out-of-social-media-retirement-to-take-a-swing-at-gamefi/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations

"Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps)," Marc Chandler, chief market strategist at Bannockburn Global Forex

source https://www.coindesk.com/markets/2024/09/16/bitcoin-slips-to-58k-as-fed-faces-split-rate-cut-expectations-as/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin, Ether Plunge 5% Ahead of Widely-Anticipated Fed Rate Cuts

PLUS: Sony’s Soneium blockchain is growing, with Circle announcing that USDC will be listed on the chain.

source https://www.coindesk.com/markets/2024/09/16/bitcoin-ether-plunge-5-ahead-of-widely-anticipated-fed-rate-cuts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

'An Explosion of Election Gambling' Is Nigh, CFTC Warns Appeals Court

The regulator pleaded with the court to halt Kalshi's political prediction markets for the duration of the CFTC's appeal.

source https://www.coindesk.com/policy/2024/09/15/an-explosion-of-election-gambling-is-nigh-cftc-warns-appeals-court/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Even Temporarily Blocking Election Contracts Risks 'Irreparable' Harm, Kalshi Argues

Prediction market company Kalshi pushed back against the Commodity Futures Trading Commission's move to block its new election contracts, saying they would harm the company.

source https://www.coindesk.com/policy/2024/09/13/even-temporarily-blocking-election-contracts-risks-irreparable-harm-kalshi-argues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Spanish Crypto Exchange Bit2Me Obtains License in Argentina as a Virtual Asset Service Provider

The registry, launched in March by Argentina's National Securities Commission, already has 79 approvals.

source https://www.coindesk.com/business/2024/09/13/spanish-crypto-exchange-bit2me-obtains-license-in-argentina-as-a-virtual-asset-service-provider/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Kalshi's New Political Prediction Markets Halted as CFTC Appeals Loss

The U.S. Commodity Futures Trading Commission appealed its loss against prediction markets platform Kalshi to the D.C. Appeals Court late Thursday.

source https://www.coindesk.com/policy/2024/09/13/kalshis-new-political-prediction-markets-halted-as-cftc-appeals-loss/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger

The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.

source https://www.coindesk.com/business/2024/09/12/defi-lending-giant-sky-sets-vote-to-offload-wrapped-bitcoin-as-justin-sun-concerns-linger/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Bargain Hunters Active on Kraken and Coinbase, CCData Shows

Bargain hunters are active on Kraken and Coinbase, snapping up coins at perceived discounts as selling pressure from other exchanges keeps prices under pressure.

source https://www.coindesk.com/markets/2024/09/12/bitcoin-bargain-hunters-active-on-kraken-and-coinbase-ccdata-shows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms

SUI beat BTC and ETH in the early hours of East Asia trading.

source https://www.coindesk.com/markets/2024/09/12/bitcoin-jumps-over-58k-amid-tech-stock-rally-sui-outperforms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Protocol Village: Flight-Tracking DePIN Protocol Wingbits Raises $3.5M

source https://www.coindesk.com/tech/2024/09/11/protocol-village/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Harris Won U.S. Presidential Debate Versus Trump, Polymarket Betting Suggests

Vice President Kamala Harris appears to have beaten former President Donald Trump in the first debate between the U.S. presidential candidates on Tuesday, based on the direction of prediction bets on Polymarket, while crypto policy went unmentioned.

source https://www.coindesk.com/policy/2024/09/11/harris-won-us-presidential-debate-versus-trump-polymarket-betting-suggests/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Former FTX Executive Caroline Ellison's Sentencing Hearing Set for Sept. 24

Former Alameda Research CEO Caroline Ellison's sentencing hearing has been scheduled for Sept. 24, 2024, at 3:00 p.m. EDT.

source https://www.coindesk.com/policy/2024/09/11/former-ftx-executive-caroline-ellisons-sentencing-hearing-set-for-sept-24/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst

Bitcoin (BTC) was rising on Tuesday as the crypto market continued its rebound from last week's fear-inducing plunge.

source https://www.coindesk.com/markets/2024/09/10/bitcoin-eyes-58k-with-downtrodden-crypto-markets-exposed-to-short-squeezes-says-analyst/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin ETFs Are Fine Despite Suffering Their Worst String of Outflows, Says Expert

The recent plunge in the price of bitcoin was accompanied by a sizable amount of net outflows from the 12 U.S. spot exchange-traded funds (ETFs). While on its face, that might appear worrisome, it's more likely a sign of healthy growth.

source https://www.coindesk.com/business/2024/09/10/bitcoin-etfs-are-fine-despite-suffering-their-worst-string-of-outflows-says-expert/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says

Investors lost a record $5.6 billion to crypto-related financial crime in 2023, up 45% from 2022, according to a new report from the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center.

source https://www.coindesk.com/policy/2024/09/09/investors-lost-record-high-56b-to-crypto-scams-in-2023-fbi-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Retakes $57K, but Potential Positive Catalysts Are 'Sparse,' Says NYDIG

The world's largest crypto is bouncing after tumbling below $53,000 at one point last Friday.

source https://www.coindesk.com/markets/2024/09/09/bitcoin-retakes-57k-but-potential-positive-catalysts-are-sparse-says-nydig/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Five U.S. States Reach Settlement With GS Partners, Investors to Get Full Refunds

Five U.S. states have reached a settlement agreement with GS Partners – the European operation behind several crypto investment schemes, including tokenized investments in a Dubai skyscraper – that will see investors get 100% of their money back, according to a Monday announcement from the Texas State Securities Board (TSSB).

source https://www.coindesk.com/policy/2024/09/09/five-us-states-reach-settlement-with-gs-partners-investors-to-get-full-refunds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Exchange Woo X Introduces Copy Trading, With a Twist

The exchange’s version of social trading comes with a countertrade feature as well as more transparent and equitable profit sharing.

source https://www.coindesk.com/business/2024/09/09/crypto-exchange-woo-x-introduces-copy-trading-with-a-twist/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin 'Grossly Undervalued' at Current Prices, Traders Say Ahead of CPI, Trump-Harris Debate Week

The asset and broader crypto market tend to move on the release of U.S. economic figures and political developments.

source https://www.coindesk.com/markets/2024/09/09/bitcoin-grossly-undervalued-at-current-prices-traders-say-ahead-of-cpi-trump-harris-debate-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Election Betting Delay Would Be 'Devastating' to Kalshi, Firm Says

Kalshi "has staked its future on this litigation and these markets," the prediction market platform said, pushing back against CFTC's emergency motion.

source https://www.coindesk.com/policy/2024/09/09/us-election-betting-delay-would-be-devastating-to-kalshi-firm-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

How Might Donald Trump's Crypto Token Fit Into Regulations?

The former president of the United States is launching a crypto yield product, even as he appeals to the crypto industry in his current bid for office. Donald Trump will be the "chief crypto advocate" for World Liberty Financial, a venture that has offered scant hints so far about what it will actually do.

source https://www.coindesk.com/policy/2024/09/07/how-might-donald-trumps-crypto-token-fit-into-regulations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Kalshi Cleared to Offer Congressional Prediction Markets in Victory Against CFTC

tktktktk

source https://www.coindesk.com/policy/2024/09/06/kalshi-cleared-to-offer-congressional-prediction-markets-in-victory-against-cftc/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Protocol: The Secret Code Behind Trump Family Crypto Project

In this week's issue of CoinDesk's weekly newsletter on blockchain tech, we've got the secret details underpinning the former president's plan for World Liberty Financial, as well as the rankings of which tokens performed the least-poorly in ugly August crypto markets.

source https://www.coindesk.com/tech/2024/09/04/the-protocol-the-secret-code-behind-trump-family-crypto-project/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Qatar Brings in Crypto Rules Framework in a Sign of Web 3 Development in the Middle East

The framework includes recognition of smart contracts, licensing for crypto companies, property rights in tokens and custody arrangements among other issues.

source https://www.coindesk.com/policy/2024/09/03/qatar-brings-in-crypto-rules-framework-in-a-sign-of-web-3-development-in-the-middle-east/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bank of Japan Governor Hints at More Rate Hikes; BTC Drops 0.4%

The divergent monetary policy paths of the BOJ and the Fed mean potential for yen strength and pain for risk assets, including cryptocurrencies.

source https://www.coindesk.com/markets/2024/09/03/bank-of-japan-governor-hints-at-more-rate-hikes-btc-drops-04/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

OKX Brings Update to Ease Bitcoin Arbitrage

The new offering allows traders of varied experience levels to maximized returns through market-neutral bets.

source https://www.coindesk.com/markets/2024/09/02/okx-brings-update-to-ease-bitcoin-arbitrage/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins

The U.S. Securities and Exchange Commission (SEC) may have thrown a spanner in the wheels of the confirmation of the FTX bankruptcy plan, according to a court filing Friday.

source https://www.coindesk.com/policy/2024/09/02/sec-might-challenge-ftx-bankruptcy-estate-from-paying-back-customers-with-stablecoins/?utm_medium=referral&utm_source=rss&utm_campaign=headlines