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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First Mover Americas: Bitcoin Starts Week in the Red
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Bitcoin is down to start the week, dropping to around $29,300, a decrease of 1.92% in the last 24 hours. The CoinDesk Market Index (CMI), which measures the…

There’s Now an Accelerator Exclusively for DeFi Startups
Aug 4, 2020 at 16:39 UTCUpdated Aug 4, 2020 at 17:23 UTCThe Chicago "bean" (Hari Nandakumar/Unsplash)The Chicago DeFi Alliance (CDA), which includes fintech firms Jump Trading, Cumberland DRW, CMT Digital, Volt Capital and others, is launching one of the first accelerator programs devoted entirely to decentralized finance (DeFi) startups beginning in August. Volt Capital co-founder…

Judge Denies Effort to Move XRP Investor Lawsuit to Lower Court
A district judge has slapped down an investor's effort to move a lawsuit against payments firm Ripple to a lower court.

Ripple Says Sales of XRP Cryptocurrency Grew 31% in Q1
news Blockchain payments startup Ripple has reported a 31 percent increase in sales of XRP over the first three months of the year. The San Francisco-based firm sold a total of $169.42 million in XRP in Q1, compared with $129.03 million in the previous quarter, it announced Wednesday. Ripple further said that direct institutional sales…

Every Credit Card a Tribe, Every Crypto Coin a Scaling Debate
Every Credit Card a Tribe, Every Crypto Coin a Scaling DebateA bunch of my friends from high school back in Kansas were getting together for a birthday at a hometown bar a little while back and I, now a New Yorker, couldn’t be there. So I told one of my buddies to buy everyone a…

Spot Bitcoin ETF Approval Is Coming, but Analysts Differ on Possible Price Reaction
Bitcoin briefly rallied 7% to $30,000 before retracing on an erroneous news headline of the SEC approving BlackRock's spot BTC ETF application.Price gains could be even larger when a real approval arrives, said one team of analysts, while another outfit suggested approval has been priced in.If prices do jump on a spot ETF green light

Pennsylvania House of Representatives Passes Crypto Bill to Bring Regulatory Clarity: Report
Pennsylvania House passes bipartisan bill focused on bitcoin and digital asset regulation. Bill clarifies self-custody rights, bitcoin payments, and transaction taxes. Bill moves to the Senate after the election and then to the Governor's desk. 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April 2021 00:57 Is Bitcoin Losing

SEC Faces Thursday Deadline for ProShares Bitcoin ETF Decision
The SEC will approve or disapprove a rule change proposal to list the ProShares Bitcoin ETFs sometime this week.