The wave of NFT attention in 2021 has led many newcomers to seek ways to enter the Non-Fungible Token ecosystem from a variety of routes. The most popular way to get from fiat to NFT is through the traditional route of using a fiat on-ramp platform, like a Coinbase Pro, to convert USD to something […]
Continue ReadingThis episode is sponsored by NYDIG. Today on “The Breakdown,” NLW looks at the dramatic move downward in the crypto markets that started late Friday night U.S. time. He looks at both market structure factors such as low liquidity and thin weekend order books as well as macro factors including, insecurity around the new Omicron variant […]
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The company’s CEO Sam Bankman-Fried will ask investors to purchase shares in its U.S. affiliate, FTX.US, at an $8 billion valuation. Dec 4, 2021 at 7:18 p.m. UTC Updated Dec 6, 2021 at 5:17 p.m. UTC FTX CEO Sam Bankman-Fried (Eva Marie Uzcategui/Bloomberg via Getty Images)
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The Financial Action Task Force (FATF)’s long-awaited update to its guidance on virtual assets lays out a comprehensive set of guidelines to regulate the quickly evolving cryptocurrency space. With this update released, digital assets firms in the coming years are likely to encounter more clarity on anti-money-laundering and combatting the financing of terrorism (AML/CFT) regulations […]
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The stocks of crypto mining companies, which are heavily exposed to the prices of the crypto currencies they mine, surged on Monday after the price of bitcoin approached record highs and ether, the native token for Ethereum, hit an all-time high. Among the crypto miners, Marathon Digital led the surge on Monday, with the stock […]
Continue ReadingThis episode is sponsored by NYDIG. Today on “The Breakdown,” NLW looks at why the fracas around Elon Musk’s Twitter poll about his selling 10% of his Tesla stock is about much more than Tesla. It has implications for domestic politics, market structure and why crypto is the future. Additionally, the Brief covers: “The Breakdown” […]
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The U.S. House of Representatives voted to pass a bipartisan infrastructure bill that contains a controversial cryptocurrency tax reporting requirement. The House voted in favor of the bill with at least 218 ayes late Friday night, fulfilling a key priority for the Biden administration amid controversy over whether an accompanying Democrat-led bill would also move […]
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The U.S. House of Representatives voted to pass the infrastructure bill that contained a provision that shook the crypto world. Financial regulators called on Congress to regulate stablecoins. In other words, crypto had a big week in Washington, D.C. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. […]
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The round was oversubscribed by 200%, the press release said. WOO Network describes itself as a “deep liquidity network” and aims to provide “best-in-class liquidity” and connect traders, centralized exchanges, institutions and decentralized finance (DeFi) platforms. Deep liquidity and zero-fee trading will help the startup make its mark on the competitive crypto exchange market, Three […]
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The U.S. Treasury Department sanctioned crypto exchange Chatex for its alleged involvement in ransomware operations, the federal agency said in a Monday press release. It is the second time that the U.S. Treasury Department has sanctioned a crypto exchange. Chatex “has facilitated transactions for multiple ransomware variants” and has provided “material support” to crypto over-the-counter […]
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