Author: Coindesk
The former crypto executive pleaded guilty to one count of violating the Bank Secrecy Act last November, a charge which might normally carry up to 10 years in prison. Because of his guilty plea and his cooperation, the sentencing guidelines calculation for his sentence would actually fall to about 18 months. A presentence report filed by the court’s Probation Office recommended he spend just five months. Read the full article here
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 an independent subsidiary with an editorial committee to protect journalistic independence.…
Bitcoin fell below $62,000 during the European morning, having treaded water around $63,000 throughout most of the Asian session. BTC was changing hands at about $61,670 at the time of writing, down 1.3% in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), has dropped around 2.7%. The debut of crypto ETFs in Hong Kong looks unlikely to inject any life into this sedentary market for now, with BTC products drawing just $8.5 million in volume and ETH drawing $2.5 million on the first day. Issuers expected the initial volume to be…
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 an independent subsidiary with an editorial committee to protect journalistic independence.…
The cumulative volume is also significantly lower than the U.S.-based spot BTC ETFs’ first-day tally of $655 million. Nearly a dozen spot BTC ETFs began trading in the U.S. on January 11 and have pulled in nearly $12 billion in investor funds since then. Inflows, however, have recently slowed, stalling bitcoin’s uptrend. Read the full article here
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 an independent subsidiary with an editorial committee to protect journalistic independence.…
“While we recognize the intrinsic value of technologies like artificial intelligence, virtual reality and robotics, we believe that blockchain will serve as the trust layer for the convergence of all these technologies, allowing them to build upon each other and form the framework of the future digital economy,” the manifesto said. Read the full article here
“In the second half of 2020, we started mining bitcoin as a pilot project to monetize the already paid-for yet underutilized electricity load at our River View mine,” Cary Marshall, the firm’s chief financial officer, said during an earnings call. Read the full article here
“This is a game changer for BCB Group, allowing us to expand our footprint into the EEA for the first time since Brexit,” Oliver Tonkin, CEO of BCB Group, said in the release. “We have been very impressed with our engagement with the French regulators, and we look forward to integrating ourselves into the burgeoning blockchain ecosystem in France,” he added. Read the full article here
On Friday, Paris-based Bitcoin company Acinq announced it is pulling its popular Lightning network wallet, Phoenix, from app stores in the U.S., citing regulatory uncertainty. Users are recommended to close their channels and move their funds before access is terminated on May 3, 2023. Read the full article here