Coinbase Goes Down as Bitcoin Nears $17K

Crypto exchange Binance will settle a long-running investigation with the U.S. Department of Justice in a deal to be announced later Tuesday, multiple reports said.The DOJ announced it would hold a press conference on Tuesday to announce "significant cryptocurrency enforcement actions," with Attorney General Merrick Garland, Treasury Secretary Janet Yellen, Deputy Attorney General Lisa Monaco

Bitcoin (BTC) kept steady under the $35,000 level in the past 24 hours, with meme coin dogecoin (DOGE) driving gains for traders.Tokens of major blockchains such as Solana’s SOL, BNB Chain’s BNB and Cardano’s ADA lost as much as 3% as traders likely took profits after a broader crypto rally last week. SOL pared gains

Solana jumped 11% Friday and is one of the best performing crypto assets this year with a 170% gain.Investor worries about FTX selling tokens were overblown, an IntoTheBlock analyst noted.Rising activity on the Solana network, massive influx into digital asset funds and a recent tech upgrade also likely contributed to the rally.Solana (SOL) is higher

(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,…

news The OneCoin cryptocurrency investment project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit the narrow definition of either. In a report by Samoa Observer on May 14, the Central Bank of Samoa is quoted as saying last month that OneCoin is a “hybrid ponzi-pyramid scheme” which…

Crypto and TradFi asset management are converging.From the record breaking launch of the U.S. spot bitcoin exchange-traded funds (ETFs) to BlackRock CEO Larry Fink’s latest claims that the next step is the “tokenization of every financial asset,” the direction of travel is becoming clearer. As assets migrate on-chain, more managers will be confronted with unique

Feb 15, 2020 at 11:30 UTCUpdated Feb 15, 2020 at 11:31 UTCLindsey Barrett, a staff attorney at Georgetown Law, does not hold back when she sees bad actors in the tech space. She recently vehemently opposed the Sprint-T-Mobile merger in Slate, warning that “further consolidating an already anti-competitive sector” would make “it easier for those…

The aggregate market cap of the 14 U.S.-listed bitcoin mining stocks the bank tracks hit a record high in June, the report said.The bank noted that miners outperformed bitcoin on news of Core Scientific’s deal with AI firm CoreWeave.U.S.-listed miners increased their share of the global network hashrate for the second month in a row.The