MARKETS DAILY: Crypto News Roundup for Jan. 28, 2020

news A new analysis by Coinfirm shows the movement of the bitcoin stolen from Binance into various wallets. The hack, which netted 7,000 BTC, happened on May 7, 2019 at 17:15:24 UTC and the hackers have been moving stolen bitcoin from wallet to wallet. Now, however, Coinfirm has spotted some activity that suggests the hackers are moving their…

U.S. House Republicans introduced a new digital assets oversight bill on Thursday that aims to establish a regulatory framework to protect investors in the crypto sector.“Today's introduction of the Financial Innovation and Technology for the 21st Century Act marks a significant milestone in the House Committees on Agriculture and Financial Services efforts to establish a…

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.Stablecoin issuer Circle Internet Financial is rebalancing the reserves backing the $30 billion USD Coin (USDC) as it braces for the risk of a U.S. government debt default.The Circle Reserve Fund, managed by global investment…

Jul 22, 2020 at 18:37 UTCUpdated Jul 22, 2020 at 18:38 UTC(Preston van loon, Prysmatic labs/CoinDesk Archives)Ethereum 2.0 Developers Announce ‘Final’ Testnet Before Network LaunchEthereum 2.0 developers released the specifications for the “official” testnet on Wednesday, ahead of a presumed end-of-year launch. The testnet will begin August 4 and has been named “Medalla” after the…

Scroll initially began trading at $1.40 but has since dropped to around $1.10. Scroll confirmed that all co-founders and team members would not be receiving an airdrop in response to criticism last week. SCR has a market cap of $212 million and a fully diluted value of $1.1 billion. 21:33 Is Ethereum the 'Blackberry' of

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here.During Ethereum Core Devs Meeting #124 on Oct. 15, a proposal to push December’s “difficulty bomb” was discussed. According to ETH Hub, the “Difficulty Bomb refers to a mechanism that,…

Software development company Alluvial has raised $12 million in a Series A funding round to further development of Liquid Collective, a liquid staking protocol. Ethereal Ventures and Variant co-led the fund with participation from Brevan Howard Digital, Avon Ventures, Nascent Capital, a_capital, Robot Ventures, Fenbushi, IOSG and Blockdaemon, among others.Participation in ETH staking has increased…

(Klara Asvenik / Unsplash)SushiSwap Moved Up Its Massive Liquidity Withdrawal From Uniswap to This WeekendSushiSwap, the automated market maker aiming to unseat market leader Uniswap, has moved up its launch by five days. Because of SushiSwap, total value in assets locked on Uniswap have gone up by just under $1.5 billion since the SushiSwap contract…

When Vitalik Buterin calls something “the closest thing to an instantiation of ‘crypto values’...in the mainstream world,” you’ve got to listen. In this case, the Ethereum co-founder was reviewing X’s Community Notes feature (originally called Birdwatch), a crowdsourcing tool for people to add context and rate the truthfulness of posts (RIP tweets) which launched​ back…