Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago

Tether said it will fight Celsius' "baseless" lawsuit against it and in any scenario Tether token holders will not be impacted. Bankrupt crypto lender Celsius sued Tether for fraudulently securing itself as part of a loan agreement. Tether, the company behind USDT, the world's largest stablecoin by market capitalization, said it will defend itself against

A ruling dismissing a putative class action lawsuit against Uniswap will almost definitely come up again in other lawsuits involving securities law and crypto entities.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Applying securities lawThe narrativeA federal judge dismissed an

Nigeria has been struggling with a crippling cash shortage since the central bank started replacing old naira notes with new ones late last year. Currency in circulation has slumped to about 1 trillion naira from 3.2 trillion naira in September, Emefiele said, according to Bloomberg. The shortage of notes has left many people in the…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.The Bank of England is looking to build a…

Berger presided over the enforcement division when it launched the Ripple lawsuit.Securities and Exchange Commission building in Washington, D.C.(Getty Images)Jan 12, 2021 at 6:43 p.m. UTCUpdated Jan 12, 2021 at 7:00 p.m. UTCActing SEC Enforcement Director Berger to Step DownThe U.S. Securities and Exchange Commission’s Acting Enforcement Director Marc Berger will leave the agency this…

Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.Bankrupt Canadian crypto exchange QuadrigaCX will start the interim distribution for some users, said EY, which is acting as the trustee for the firm's estate.In the coming week, EY will post the procedure for QuadrigaCX's users to…

Singapore-based payments unicorn Nium has rolled out a crypto-as-a-service (CaaS) offering aimed at financial institutions.Nium provides turn-key purpose-built API suites for new and traditional finance companies. Its latest offering seeks to provide ready-made tools amid a period of high demand in crypto.The company said its new CaaS will provide institutions with “in-demand capabilities” for crypto…

Crypto has financial, technological and human capital. But, for now, it lacks a compelling mainstream narrative, says a European VC. (Markus Spiske/Unsplash)Feb 16, 2021 at 6:51 p.m. UTCUpdated Feb 16, 2021 at 7:38 p.m. UTCTaking Stock of How Far Crypto Has ComeEleven years post-Bitcoin, six years post-launch of Ethereum, eight days after that announcement, the…

To a large degree, crypto’s primary value proposition is that it gives users more control over their lives. Over their money, data and social connections. This is because crypto is a fundamental rewrite of how internet services are built: Instead of the client/server relationship that defined the pre-blockchain era, there is now a way for