Draper Dragon Backs $20 Million Raise for Alibaba Vets’ Blockchain Startup

Daniel AlegreCEOYuga LabsHear from Yuga Labs new CEO in his first public appearance since assuming the position.Daniel AlegreCEOYuga LabsHear from Yuga Labs new CEO in his first public appearance since assuming the position.Will Canny is CoinDesk's finance reporter.Daniel AlegreCEOYuga LabsHear from Yuga Labs new CEO in his first public appearance since assuming the position.Daniel AlegreCEOYuga…

The world’s largest cryptocurrency, bitcoin (BTC), has risen 25% in the last month, with most of these gains accumulating during U.S. trading hours, crypto services provider Matrixport said in a note on Wednesday.“This is a significant development and shows that U.S. institutions and U.S. investors are embracing the news that a U.S.-listed spot bitcoin exchange-traded-fund

Huobi VP Ciara Sun says the crypto exchange wants U.S. investors to come back to a leaner, more efficient operation. Image via TwitterGlobal crypto exchange Huobi Group could be back in the U.S. market as early as this month, a group vice president told CoinDesk. Such a move would come five months after Huobi’s San Francisco-based…

news Mark Karpeles, former CEO of the long-defunct bitcoin exchange Mt. Gox, has escaped some charges, but been found guilty of manipulating exchange data in a Japanese court. According to a report from The Wall Street Journal on Friday, the Tokyo District Court found Karpeles guilty of wrongfully making electronic records connecting to Mt. Gox’s…

This is a developing story and will be updated frequently throughout the day.NEW YORK — Former Alameda Research CEO Caroline Ellison retook the stand on Wednesday, after testifying that her former boss and ex-boyfriend, Sam Bankman-Fried, had directed many of FTX's now-public missteps.Shortly after Ellison resumed her testimony, Judge Lewis Kaplan dealt the defense another

Singapore’s High Court has recognised crypto as a property capable of being held on trust, in a case involving Seychelles-based exchange Bybit and a contractor, according to a court judgement published on Tuesday.Bybit brought a case against Ho Kai Xin, claiming that in breach of her employment contract, she abused her position to transfer over…

German industrial giant Siemens AG tapped global bank JPMorgan's blockchain-based payment system Onyx and SWIAT's private blockchain to issue and settle a tokenized version of its commercial paper, the companies said on Monday. Siemens issued €100,000 worth of crypto securities under the German Electronic Securities Act (eWpG) on September 13, then redeemed it three days

This op-ed is part of CoinDesk’s Tax Week, presented by TaxBit. Erin Fennimore is the VP of Tax Solutions at TaxBit.The digital asset industry has seen significant regulatory movement in the United States and abroad, all to promote tax transparency.This trend for global transparency is driven by many factors, such as tax evasion and avoidance

Bitcoin remains above $65,000 despite highest-ever GBTC outflows.GBTC outflows are occurring due to high fees and ETF competition.Bitcoin (BTC) is down 4% and trading above $65,000 as the selling of Grayscale Bitcoin Trust (GBTC) shares hit its highest level ever.According to data compiled by BitMEX research, outflow from GBTC hit $643 million on March 18.Data