Fantasy Football League to Raise $100 Million in Crypto ICO
A blockchain startup wants to raise nearly $100 million dollars to create a new form of fantasy football aimed to bring fans together.
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Safemoon Hacker Strikes Deal With Developers to Return $7.1M
Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...A hacker who exploited decentralized-finance protocol Safemoon…

Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator’s Request
Australia's market regulator opened civil proceedings against the NGS group of blockchain mining companies.About US$41 million in digital assets invested with the companies by more than 450 Australians has been handed to restructuring specialists.The Australian Securities and Investment Commission alleges the companies broke the law and provided financial services without the appropriate license.An Australian Federal

CoinMarketCap Hits a New All-Time High (But Not for Price)
It's been almost a year since bitcoin traded near $20,000, but that isn't stopping innovation in the market from reaching other kinds of all-time highs. In fact, according to CoinMarketCap, the leading provider of cryptocurrency data, there's never been more cryptocurrencies in existence than now. Launched in 2013, CoinMarketCap listed its 2,000th crypto asset this…
CFTC Denies Kalshi’s Plan to Let Users Bet on Control of U.S. Congress
Plans by prediction market Kalshi to let users bet on which party will control the chambers of Congress have been turned down by regulators at the Commodity Futures Trading Commission (CFTC).The regulator said the contracts would involve unlawful gaming and activity and would be "contrary to the public interest" after KalshiEx LLC made a submission

The Benefits of Assets Tokenization
At a time when the prices of many cryptocurrencies are rallying strongly, one big, recent development is underappreciated. Tokenization of “real world assets” has also been surging.To understand what this development means and the potential benefits of tokenizing these assets, we need to reframe how we view the digital assets ecosystem.We frequently here questions like:

Senator Warren Hits Out at Crypto Again, Says Industry Needs to Follow the Same Rules as TradFi
Warren said that crypto would need to fall in line with the rest of the U.S. financial sector.The senator’s anti-money-laundering bill, which would bring the Bank Secrecy Act to crypto, is awaiting approval.U.S. Sen. Elizabeth Warren (D–Mass.) has called out the crypto industry yet again, saying they are reluctant to follow the rules."I wanna collaborate

What Google’s ‘Quantum Supremacy’ Means for the Future of Cryptocurrency
news Just like that, the promise of quantum computers overtaking traditional computers is one step closer to reality. According to a recent report by the Financial Times, tech giant Google claims to have achieved “quantum supremacy,” meaning it has built a quantum computer able to solve formerly impossible mathematical calculations. If proven true, this marks…

Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says
Investors lost a record $5.6 billion to crypto-related financial crime in 2023, up 45% from 2022, according to a new report from the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center. According to the report published Monday, investment fraud was the most pervasive – and expensive – type of crypto-related fraud in 2023. Of