Korean Officials Probe Shipwreck ICO for Possible Fraud
Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported.
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Bitcoin News Roundup for Sept. 30, 2020
Sep 30, 2020 at 16:00 UTCBitcoin News Roundup for Sept. 30, 2020With bitcoin trading in an unusually tight range and DeFi darling SushiSwap suffering shrinkage, CoinDesk’s Markets Daily is back for your latest crypto news roundup!For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories:Chainlink’s…

BitMEX CEO Arthur Hayes Leaves Role After US Charges
Oct 8, 2020 at 09:24 UTCUpdated Oct 8, 2020 at 09:37 UTCArthur Hayes, former CEO of BitMEX(ConiDesk archives)The founders of BitMEX are stepping down from their executive roles at the parent firm of the crypto derivatives exchange soon after U.S. authorities charged the firm over allegedly illegal conduct.In a blog post Thursday, 100x – the…

Indian State Partners with Mahindra to Build ‘Blockchain District’
An Indian state is working with Tech Mahindra to build a new district within the state capital dedicated to incubating blockchain startups

Bitcoin Tops $61K Ahead of Jackson Hole as Ether ETFs Extend Record Outflow Streak
Bitcoin has been mostly trading between $59,000 and $61,000, with traders eyeing the Jackson Hole meeting for potential market-moving comments. Most major cryptocurrencies were little changed, while ADA and AVAX experienced notable gains. While U.S. bitcoin ETFs, particularly BlackRock's IBIT, continue to see inflows, ether ETFs are facing significant outflows, reflecting bearish sentiment toward products

Fed Chair Jerome Powell: Time Has Come for Policy to Adjust
As expected, Jerome Powell indicated that a rate cut is coming in September Bitcoin and traditional markets at least initially have moved sharply higher Investors will now focus on whether the initial rate cut will be 25 or 50 basis points After a long wait, central bank rates in the U.S. now appear certain to

Fixing This Bitcoin-Killing Bug Will (Eventually) Require a Hard Fork
Aug 7, 2020 at 12:46 UTCUpdated Aug 7, 2020 at 13:02 UTCFixing This Bitcoin-Killing Bug Will (Eventually) Require a Hard ForkMost of us will be dead by then. Projected to happen in the year 2106, Bitcoin will suddenly stop running based on the code its network of users is running today. Users won’t be able…

AI-Focused Tokens Edge Higher Ahead of Nvidia Earnings Results
Artificial intelligence-focused cryptocurrencies climbed Wednesday, defying the muted action of the broader digital asset market ahead of the quarterly earnings report of chip-making heavyweight Nvidia (NVDA) due later.Large-cap AI tokens such as Fetch.ai's FET, Render's RNDR, Bittensor's TAO and SingularityNET's AGIX advanced 4%-5% over the past 24 hours, CoinGecko data shows. Decentralized physical infrastructure network

Bitcoin Breaks $30,000 For First Time In a Year
Bitcoin has broken $30,000 for the second time this year amid bullish sentiment in the market following a number of traditional finance (TradFi) players pushing further into crypto.The cryptocurrency gained more than 5% on the day, trading at $30,000. The last time bitcoin reached above $30,000 was on April of 2023, according to TradingView data.The…