Category: ICO

Crypto Market Extends Slide Despite SEC Ether ETF Filings Approval

Bitcoin and ether both experienced wild swings in the run-up to the SEC’s ETF decision on Thursday. ETH tumbled to $3,500 before surging to $3,900 as the first reports came through that approval of some filings was imminent. BTC, meanwhile, sank below $66,500, then spiked to $68,300 before settling just below $68,000. Liquidations across all leveraged crypto derivative positions soared to over $350 million during the day, the most since May 1, CoinGlass data shows. The bulk of the positions were longs betting on rising prices, worth roughly $250 million,…

Binance Money Laundering Trial in Nigeria Pushed to June 20 Due to Tigran Gambaryan Illness

“Yesterday, despite numerous signs of severe illness, my husband was still required to appear in court, where he later collapsed,” Gambaryan’s wife, Yuki Gambaryan, said in the statement seen by CoinDesk. “The conditions in the notorious Kuje prison are, in a word, devastating. My husband is a strong, healthy person, but he is facing an environment that would bring even the strongest among us to our knees.” Source

Dog That Inspired Dogecoin (DOGE), Shiba Inu (SHIB)

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?

Somewhat ironically, Shapiro and Palley’s criticisms seem to line up with Maxine Waters (D-CA), the ranking Democrat on the House Financial Services Committee, who said it was the one of the worst bills she’s ever seen. In addition to potentially stretching the resources of the CFTC, which only has around 700 employees compared to the SEC’s 4,500, it may also undermine other legislative efforts – like the stablecoin bill Waters worked on alongside House Financial Services Chair Patrick McHenry (R-NC). Source

U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Your Marketing is Fueling a Bot Epidemic

Shillers (because, let’s be honest, they are not real KOLs) bring the hype, cost projects tens of thousands, and pass rewards and marketing budgets on unengaged users who leave the project as soon as it’s out. Yet, in the data-powered MarketingFi, true KOLs have the potential to bring larger rewards and marketing budgets to audiences that will build projects further. But we need to employ analytics first, weed out the shillers, and bring larger incentives to the right creators. Source