Crypto News Roundup for Nov. 11, 2021

Aoyon Ashraf is managing editor with more than a decade of experience in covering equity marketsMarket makers Jane Street and Jump Trading are retreating from crypto trading in the U.S. as a regulatory crackdown on the industry has intensified, Bloomberg reported, citing a person familiar with the decision.Both firms are still making markets and not…

Anubis, Egyptian god of the dead (Egor Myznik/Unsplash)New Malware Spotted in the Wild That Puts Cryptocurrency Wallets at RiskThe Takeaway: Anubis is a new malware that can target cryptocurrency wallets and other sensitive data. It first became available for sale in darkweb markets in June, and Microsoft has now seen limited attack campaigns using it.Experts…

Crypto exchange Coinbase won a reprieve from the U.S. Supreme Court on Friday, after the high court ruled that a lawsuit filed by one of the exchange's users couldn't proceed until Coinbase defends an appeal of a lower court ruling.The ruling, which won a 5-4 majority, allows Coinbase to continue its effort to compel arbitration…

markets View Bitcoin’s 165 percent gain so far this quarter is the best second quarter performance on record and the highest quarterly percentage gain since the end of 2017. The stellar gains have bolstered the long-term bullish technical setup. While the relative strength index is reporting overbought conditions, there are no signs of bullish exhaustion…

This is as far as stablecoin legislation has ever progressed in the U.S. Congress, but the advance was tainted by a partisan clash.A Republican-supported bill was voted out of committee, so it could be set up for a vote on the House floor, which would leave the Senate and presidential signature as its final hurdles.U.S.…

Mar 11, 2020 at 17:46 UTCUpdated Mar 11, 2020 at 18:22 UTCDECENTRALIZED DESK: New York-based crypto companies are asking or mandating employees work from home to prevent the spread of COVID-19. (Photo by Danny Nelson for CoinDesk)New York Crypto Companies Move to ‘Work From Home’ in Face of Rising COVID-19 ThreatKadena CEO Will Martino had…

The appointment of Richard Teng to oversee Binance’s regional markets outside the U.S. has positioned the one-time Abu Dhabi regulator as the most likely successor to Changpeng Zhou, who founded the world’s largest crypto exchange in 2017.The enhanced role follows a report last month that Zhou, commonly known as CZ, is looking to reduce his…

TOKEN jumped 50% to nearly 9 cents after the investment news came out.The token will purchased from TokenFi’s treasury.The investment will help TokenFi develop AI-based products.Crypto trading fund DWF Labs will purchase $10 million of TokenFi’s TOKEN over a two-year period as part of a planned move to develop a suite of products, TokenFi developer

DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming BoomNexus Mutual is maxed out covering the risks associated with decentralized finance (DeFi) platforms. “Our product has honestly seen massive interest since yield farming kicked off,” Nexus Mutual founder Hugh Karp told CoinDesk in an email. “With potential yields being so lucrative many users are looking to…