Coindesk Financial News

Austria’s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks breaking into the digital asset custody business. 

Uranium3o8, an asset-backed token backed by uranium, has gone live on Uniswap.

Bullish said on Monday it has acquired crypto news website CoinDesk from Barry Silbert's Digital Currency Group (DCG). Financial terms of the deal, which was first reported by the Wall Street Journal, weren't disclosed.

Crypto media website CoinDesk has just been acquired by cryptocurrency exchange Bullish in an undisclosed all cash deal, the Wall Street Journal reported on Monday.

Write to Vicky Ge Huang at [email protected] Alert!Livemint tops charts as the fastest growing news website in the world

Legendary boxer Manny Pacquiao’s philanthropic foundation is set to use the Shiba Inu ecosystem’s blockchain Shibarium for fundraising and operational activities.

The highly anticipated Grand Theft Auto (GTA) VI is coming – but will it come with an in-game cryptocurrency? A lawyer has suggested that perhaps not. Yet.

Recent data from blockchain security firm CertiK has revealed a noteworthy slowdown in the creation of new cryptocurrencies, with the pace now reaching its slowest in three years.

In a recent update, MuesliSwap, one of the most popular decentralized finance (DeFi) protocols on the Cardano blockchain, has announced its intention to launch a refund site to address concerns raised by users regarding losses due to high slippage over the past year.

Proof Group is one of three bidders eyeing a potential acquisition of the fallen crypto exchange FTX according to multiple sources familiar with the matter.

Sam Bankman-Fried, «King of Crypto», founder and former CEO of crypto exchange FTX, was found guilty by a jury on seven counts including fraud and money laundering after a month-long trial. This verdict comes almost a year after the collapse of FTX, once valued at $32 billion.

FTX imploded. In its heyday the exchange was one of the world’s largest, with millions of customers and billions of dollars in customer funds. It was seen as the future of the crypto industry—a high-tech offering from a brilliant wunderkind who wanted to play nicely with regulators and usher in an era in which crypto could really go mainstream.

The Coinbase-backed advocacy group Stand With Crypto has raised $2 million in a couple of months, with over 80,000 donors contributing to the initiative’s goal of influencing policymakers and being a “one stop shop” for crypto advocacy.

Despite tremendous pressure to approve a spot Bitcoin ETF for trading on public markets, Securities and Exchange Commission (SEC) chairman Gary Gensler refuses to discuss his agency’s next steps.

Greg Vitali, a member of Pennsylvania’s House of Representatives, has revised an energy conservation bill in the state, opting to drop a proposed two-year ban on crypto mining permits.

Crypto-focused investment firms Coinbase Ventures and Haun Ventures are joining forces with the University of Arkansas to support a technology accelerator program, strengthening the US state of Arkansas's position in the crypto landscape.

Bitcoin cash prices rose sharply recently, climbing higher as the digital currency's predecessor rallied following a false statement claiming that the U.S. Securities and Exchange Commission (SEC) had approved a spot bitcoin exchange-traded fund (ETF). 

BTC/USD Chart / Source: CoinDesk

crypto exchange FTX, on Monday said he had a lot of admiration and respect for FTX Co-founder and CEO Sam Bankman-Fried but over time, that «eroded». According to Singh, Bankman-Fried's frequent dipping into customers' funds was at times done «unilaterally» and was often «excessive.» Singh, who has already pleaded guilty, testified as the third week of Sam Bankman-Fried's criminal trial began in the US, according to CoinDesk. Singh testified that he learned two months before the crypto exchange blew up that it was improperly using customers' money. He said he knew around $8 billion of FTX customers' money had gone missing. «I had a lot of admiration and respect for him, but over time that eroded,» Singh said of Bankman-Fried, his friend from high school, CoinDesk reported. Singh said he «learned of a hole» in the company finances in September 2022. The hole was «enormous,» Singh said, adding that the funds were used by Alameda Research which is Bankman-Fried's affiliated trading firm «for a variety of venture investments, political donations, real estate purchases and other expenditures». «I had a lot of admiration and respect for him, but over time that eroded,» Singh told the court. The Bankman-Fried trial resumed with more prosecution witnesses. Like previous witnesses Alameda Research CEO Caroline Ellison and FTX Co-founder Gary Wang, Singh has also pleaded guilty to fraud and conspiracy counts. Last week, Wang told the court that FTX used hidden Python code to misrepresent the value of its insurance fund. FTX claimed in 2021 on Twitter that «the 5.25 million FTT (FTX tokens) we put in our insurance fund in 2019 now makes the fund worth over 100 million USD». However, former chief technology officer Wang

Tokenization protocol BarnBridge’s BOND token surged in price over the weekend after the project announced its intention to comply with unspecified demands from the U.S. Securities and Exchange Commission (SEC).

The Dogecoin community is funding the construction of a bronze statue in Japan depicting Kabosu – the Shiba Inu dog associated with the infamous Doge internet meme.