Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit

This week in prediction markets…Will there be a Biden-Trump-Kennedy debate?When will OpenAI's Sora launch?It's gone to the catsSolana vs. Ethereum: Which chain will earn more in fees?A presidential debate that includes independent candidate Robert F. Kennedy Jr. alongside President Biden or Republican frontrunner Donald Trump is unlikely to happen, bettors on crypto-based predictions platform Polymarket

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 1,918.40 -0.63% Bitcoin (BTC): $62,086.59 -0.68% Ether (ETH): $2,431.18 -0.10% Nikkei 225: 39,277.96 +0.87% Top Stories The crypto market was

(Ryan Quintal/Unsplash, modified by CoinDesk)Gelato Gives Developers a New ‘Money Lego’ Tool for DeFi ApplicationsA new decentralized finance (DeFi) “money Lego” will allow app developers to make it possible for users to automate their transactions. Called Gelato, the protocol moved from alpha to a live and audited v1 on Ethereum’s mainnet on July 3. And,…

In 2024, stablecoin issuer Tether will publish real time data on the reserves backing USDT, the industry's largest dollar-pegged stablecoin, according to a Bloomberg report.In its latest quarterly attestation, Tether had $3.3 billion in excess reserves as it converted its pile of controversial commercial paper for U.S. Treasuries, of which it held $72.5 billion worth.The

news Chuck Kimble, head of partnerships at Circle, has left the company for a similar role at another blockchain startup, Celo. As Celo’s new head of strategic partnerships, Kimble will be helping the digital payments company “to bring better financial products to emerging markets and under-served populations around the world,” the company said in a…

Dec 2, 2020 at 2:37 p.m. UTCUpdated Dec 2, 2020 at 2:41 p.m. UTC(Piotr Swat/Shutterstock)OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze IssueJay Hao, CEO of Malta-based cryptocurrency exchange OKEx, has pledged that his firm has taken steps to ensure that the issue that caused an over five-week freeze of cryptocurrency…

Dec 3, 2020 at 12:56 p.m. UTCUpdated Dec 3, 2020 at 1:14 p.m. UTC(Ganapathy Kumar/Unsplash)Bitcoin’s Price Is a Poor Proxy for Its UtilityI have looked on with interest over the past two months as bitcoin has climbed to approach its previous all-time high. That old high-water mark occurred in the midst of hysteria. The price…

Source: CoinDesk Bitcoin Price IndexMarket Wrap: Stocks Tick Downward and so Does Bitcoin, to $9,200Bitcoin is back at $9,200 Thursday as crypto derivatives helped push its price down and equities closed lower. Bitcoin (BTC) trading around $9,211 as of 20:00 UTC (4 p.m. ET), slipping 2.3% over the previous 24 hours.Bitcoin’s 24-hour range: $9,154-$9,469BTC below…

Paxos has laid off 65 people as it increases its focus on tokenization.CEO Charles Cascarilla wrote in a company email that the firm is in a "very strong financial position to succeed.”Digital assets company Paxos has laid off 65 people, or 20% of its staff, according to a report from Bloomberg.In an all-hands email obtained