Last week, a federal judge convened a hearing for the U.S. Securities and Exchange Commission’s case against Binance after publishing her ruling on Binance’s motion to dismiss the SEC lawsuit. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Third-party
Mt. Gox has for years made for a great bogeyman. Now, crypto is about one-third of the way to slaying it once and for all. The final phase of the Mt. Gox repayment plan is about 36% complete — 10 years after it filed for bankruptcy. Kraken confirmed to Blockworks that repayments to its customers
Liminal Custody said three WazirX wallets were breached in the lead-up to the $230 million exploit. WazirX said that a discrepancy on Liminal’s interface triggered the loss. If filed a police report today. Security firm Elliptic said on Thursday that North Korean hackers appear to be behind the hack. 00:56 Over $67M in Crypto Lost
The Chicago Board Options Exchange (CBOE) has confirmed the launch of spot Ethereum exchange-traded funds (ETFs) next week. The cryptocurrency market is set to witness a major milestone as spot Ethereum ETFs are slated to begin trading on the CBOE next week. CBOE revealed the information in the latest “new listings” notice on its website
Between July 15 and July 19, 2024, the total net inflow for spot Bitcoin ETFs reached $17.08 billion. FBTC registers largest inflow On July 19 spot Bitcoin (BTC) ETFs recorded inflows of $383.6 million, the second highest of the month, following a record $422.9 that came on July 16. The Fidelity Wise Origin Bitcoin Fund
In a quiet week for crypto venture capital (VC), Allium, Haruko, PEXX, and Bima Labs were among the blockchain and web3 startups to have secured significant funding. Allium, $16.5 million The biggest funding round of the week was announced on July 18, when Allium, a blockchain data platform for enterprises, said it had successfully closed
Bitcoin has jumped above $66,000, reaching its highest level since mid-June when prices hovered above $67,000. The price of Bitcoin (BTC) is currently 4.7% up in the past 24 hours as buyers hover around $66,670. Meanwhile, Ethereum (ETH) has climbed above $3,500 and Solana (SOL) is trading above $170 – with gains of 3% and
While traditional systems raced to resolve the CrowdStrike outage, Bitcoin and the cryptocurrency market climbed upward. Decentralized technology once again made a case for itself on Friday as a global IT outage disrupted banks, media, travel, and a litany of everyday operations. Web3 markets boomed as Web2 activity slowed to a crawl in some parts
Former U.S. President Donald Trump has become a vocal supporter of Bitcoin, a stark reversal from his previous scepticism of Bitcoin and crypto. In a recent interview with Bloomberg Businessweek, Trump asserted that Bitcoin is “not going away” and wants the U.S. to lead in Bitcoin and crypto innovation before China or any other country.
The Shiba Inu community is intensifying efforts to have Binance burning SHIB tokens using a portion of the token’s trading fees. Popular community member Labib recently launched a petition on Change.org asking the world’s largest crypto exchange to implement a daily burn of 1% of all Shiba Inu trading fees on its platform. According to