How Crypto Reacted to This Week’s SEC Bitcoin ETF Delay
While the market didn’t like the SEC’s bitcoin ETF delay decision, observers on social media weren’t surprised at all.
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Binance.U.S. Cuts Staff After SEC Suit, Citing ‘Very Costly Litigation Process’
Binance.US, the U.S. affiliate of crypto exchange Binance, has laid off part of its staff roughly one week after the U.S. Securities and Exchange Commission (SEC) filed lawsuits against both entities.In documents seen by CoinDesk, management described the SEC as a “politically motivated regulator” that forced it to become a “crypto-only exchange.”“As part of this…

It’s Not a Token Offering, It’s a ‘Node Sale’: Sophon Blockchain Raises $60M
Sophon, an entertainment-focused blockchain ecosystem, raised more than $60 million in a node sale, an increasingly popular type of fundraising method.Node sales, described as a way of helping to decentralize projects, are structured in pricing tiers, where the longer buyers wait, the more they have to pay.The project is built on zkSync's technology, using a

Blast’s One-Week, $600M Haul Shows Promise of Yield, Pitfalls of Hype
On its face, the idea behind Blast doesn't seem so objectionable: a layer-2 blockchain atop Ethereum that pays interest to depositors – a differentiator that might help a new player stand out versus the current market leaders, Arbitrum, Optimism and Base, or against dozens of other competing networks.Clearly there's something attractive about the proposition, because

The Great Crypto Experiment Continues
Dec 14, 2019 at 19:00 UTCUpdated Dec 14, 2019 at 02:52 UTCAndy Bromberg, co-founder and president of CoinListThis post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Andy Bromberg is the co-founder and president of CoinList, a platform for…

Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021
Bullish bets on dogecoin (DOGE) futures saw $60 million in long trades liquidated, more than for bitcoin (BTC) futures.The liquidations occurred as DOGE prices dropped over 10%, reflecting broader market sell-offs and a bearish sentiment in the crypto market.Bullish bets on dogecoin (DOGE) futures fared worse than their bitcoin (BTC) counterparts on Monday, unusually, as

‘Critical’ Vulnerability in Beam Wallet Could Have Put Funds At Risk, Devs Say After Fix
news Developers behind the privacy-focused cryptocurrency Beam have revealed that the “critical” bug discovered and subsequently fixed in their wallet software last week could have put user funds directly at risk. As stated in a Medium post published today, the vulnerability would have allowed an attacker to create “modified transactions” and subsequently send funds directly…

Burundi Central Bank Director: ‘Strong Measures’ Will Be Taken Against Crypto Traders
news The Republic of Burundi, a landlocked African nation, banned all cryptocurrencies within its borders. According to a statement made by the Bank of the Republic of Burundi, the country’s central bank, the measure was taken as an act of consumer protection. “These virtual currencies are traded on unregulated online platforms around the world, and…

Galaxy Plans to Raise $100M for Crypto Venture Fund
Galaxy Digital's venture team has long invested its own money in crypto companies. Now, it's planning to do that with outside investors' capital, too.The crypto investments giant is putting together a $100 million fund that will invest in early-stage crypto companies, according to an investor email shared with CoinDesk. Galaxy moved its venture capital franchise