Crypto Mining CEO Said to Disappear With $35 Million In Funds

Elizabeth Napolitano is a news reporter at CoinDesk. Smart-contract registry Cookbook has raised $2 million to supercharge its efforts to support developers’ Web3 projects, according to a Thursday press release.The funding round included participation from MaC Venture Capital, Tagus Capital, Superscrypt and Alchemy. It will support Cookbook’s mission to streamline developers’ work to build out…

NEW YORK — Coinbase (COIN) CEO Brian Armstrong is undeterred by the recent consequential lawsuit from the U.S. Securities and Exchange Commission (SEC) as his grand vision for the exchange's platform is for it to become a global "super-app."Armstrong envisions that Coinbase, currently a centralized crypto exchange with various crypto products, will eventually become a…

CFTC Chairman Heath Tarbert. (Joe Jenkins/CoinDesk archives) The Commodity Futures Trading Commission (CFTC), which regulates the U.S. bitcoin and ether derivatives markets, plans to develop a digital asset innovation blueprint by 2024. “We will develop a holistic framework to promote responsible innovation in digital assets,” the swaps regulator teased in its 2020-2024 Strategic Plan, released…

news The average assets under management (AUM) of global cryptocurrency hedge funds increased three-fold in the first quarter of 2019, new research indicates. Consultancy firm PwC and investment firm Elwood Asset Management jointly published a report on Monday, saying that the median crypto hedge fund AUM has grown to $4.3 million at the end of…

EU watchdogs on Friday issued consultations on a range of issues set to be regulated by the bloc's landmark new crypto law, MiCA.The proposals cover curbs on ownership, governance and bonuses for crypto companies and their staff.Crypto company shareholders with a more than 10% stake will be vetted for previous convictions or sanctions under bank-style

Ondo Finance, a tokenized real-world asset (RWA) platform, has integrated its tokenized U.S. treasury-backed product (USDY) onto Layer-1 Aptos.Aptos, which was founded by ex-Meta employees Mo Shaikh and Avery Ching, is the latest network to offer Ondo’s USDY. The U.S. dollar yield token is also available on Ethereum, Solana and Mantle.USDY is a token secured

news Ethereum transaction fees are back on the rise and gaining parity with bitcoin transaction fees. As seen in data charts provided by blockchain analytics firm CoinMetrics, ethereum surpassed bitcoin in daily transaction fees on Sept. 21. While ethereum has since been maintaining a close parity with bitcoin’s daily transaction fees, bitcoin currently beats out…

Since March, the market has been range-bound between $60,000 and $70,000, with the halving event in April not providing the expected boost due to a general lack of market catalysts, a trader said.One firm said short-term bitcoin holders, who have historically influenced market trends, might play a significant role in the coming months.After periods when

In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB tokens, ahead of the massive SEC crackdown against crypto exchange Binance on June 5.A surge in aggregated sell orders of about 125,000 BNB worth $37 million hit the BNB/USDT order book on Binance at 11:45 p.m. UTC…