BTC-e founder seeks prisoner swap deal for detained WSJ journalist: Report
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First Mover Asia: Bitcoin Holds Below $27K Amid Macro Uncertainties
Good morning. Here’s what’s happening:Prices: Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties.Insights: In an interview with CoinDesk, Market maker Flowdesk's CEO sees opportunity in the U.S.As the Asian trading day opened, investors continued to mull over recent macroeconomic uncertainties that have plagued digital…
“Citizens Have Every Right To Do Bitcoin”: Ron De Santis Announces Presidential Bid
Florida Governor Ron De Santis has officially announced that he’s entering the United States 2024 Presidential race, poised to be former President Donald Trump’s greatest opponent within the Republican primary. Unlike Trump, De Santis has pushed pro-crypto policy multiple times in the past and is staunchly opposed to Central Bank Digital Currencies (CBDCs). De Santis…
South Korea’s PPP Seeks to Speed Up Bill Requiring Lawmakers’ Crypto Holdings Disclosure
South Korea’s ruling party has called for early enforcement of the law that seeks the country’s lawmakers and high-level government officials to declare their cryptocurrency-related assets. The proposed bill would require local officials and lawmakers to declare all personal crypto holdings over 1 million Korean won (worth around $760). The move was prompted by a…
Bitpanda Partners With Coinbase to Help Europe’s Banks Offer Crypto to Customers
Austrian-based crypto exchange and trading platform Bitpanda is teaming with Coinbase (COIN) to connect the U.S.-listed exchange giant with banks in Europe who are looking to offer digital assets to their customers.The just-announced partnership allows Coinbase to use Bitpanda Technology Solutions – a business-to-business infrastructure layer provider – to connect directly into banks and fintechs.Despite…
NBA Star Shaquille O’Neal Faces Lawsuit for Promoting Solana-Based Crypto Project Astrals
American basketball legend Shaquille O’Neal is facing a new lawsuit for promoting the Solana-based crypto project, Astrals. According to the class action lawsuit filed with a Floridan court by plaintiff Daniel Harper, Shaquille shilled the Astrals token through posts and videos on several of his social media handles. O’Neal Faces Lawsuit Over Astrals Project According…
MicroBT COO Jordan Chen Discusses The Company’s Long-Term Goals And The Newest Whatsminers At Bitcoin 2023
MicroBT, a leading manufacturer of Bitcoin mining rigs, is focused on addressing the need for upgraded power sources in bitcoin mining. In an interview conducted at Bitcoin 2023 in Miami Beach, MicroBT's COO, Jordan Chen, emphasized the company's commitment to developing a solar power mining solution. According to Chen, "Solar power is a perfect power…
Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices
The stablecoin market is on track to shrink for the 14th consecutive month, a sign of capital draining from the digital asset space, and a troubling trend for the recovery of cryptocurrency prices.The total market capitalization of stablecoins dropped to $130 billion in May, falling to the lowest level since September 2021, digital asset data…
Excavating the Truth Around the Bitcoin Mining Discourse
Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked the plant and its continued operation, we found the opposite.You’re reading State of Crypto,…