Author: Coindesk

The decision came after Scholz, who is from the Social Democratic Party, dismissed Finance Minister Christian Lindner, the chairman of the Free Democratic Party (FDP) party, saying he refused a proposal that would suspend rules limiting government borrowing. Read the full article here

Ether is over 7% higher in the last 24 hours, outperforming the broader digital asset market, which has risen by 2.7%, as measured by the CoinDesk 20 Index. ETH crossed $2,800 for the first time since early August, breaking out of the $2,300-$2,600 range that has persisted even while other coins were rallying. President-elect Trump’s victory may be stirring hopes of a “DeFi Renaissance” and with it a breakout in the price of ether. “DeFi Renaissance thesis is progressing as expected with Trump deregulation and crypto friendly policy and rule-making from Republican admin and Senate,” wrote Arthur Cheong, co-founder at…

One of the new dashboard’s most striking features is its funds flow analysis, which reveals where stolen funds ended up after being siphoned from victims. Unsurprisingly, platforms like Tornado Cash — the crypto mixer sanctioned by U.S. authorities — emerge as major endpoints for these funds. However, decentralized finance (DeFi) protocols like Sushi, Yearn, and Uniswap also rank among notable end destinations for laundered assets. Read the full article here

“It supports our efforts to ensure that our jurisdiction remains at the forefront globally, providing a flexible legal framework that can react to the dynamic nature of digital assets and other emerging technologies,” Lord Frederick Ponsonby of Shulbrede said during the debate. Read the full article here

But it’s not all doom and gloom for World Liberty Financial as ether (ETH) has risen by more than 16% since 01:00 UTC on Wednesday, turning the paltry $15.3 million it has raised, into $16.25 million. Etherscan shows that the token sale wallet has not liquidated any tokens and that it currently holds 4,234 ETH and $4.2 million worth of stablecoins. Read the full article here

BTC trades above $76,000 in Asian morning hours Friday, up nearly 10% over the past week. In line with analyst expectations, the Federal Reserve cut rates by 25 basis points on Thursday in a move that typically supports risk assets like bitcoin by increasing liquidity and weakening the dollar. Read the full article here

“Unlike Singh, [Wang] did not engage in money laundering or participate in the straw donor scheme. Unlike Singh, [Wang] did not generate false revenue, code a fake insurance fund, try to persuade Bankman-Fried to fraudulently conceal his loans, or otherwise participate in affirmatively deceptive conduct. And, unlike Singh, [Wang] did not receive cash bonuses or spend FTX proceeds on real estate or other extravagant goods,” Wang’s lawyers wrote. “All of these factors combine to make him meaningfully less culpable than Singh.” Read the full article here

Galaxy said mining revenue fell by 23% from the previous quarter, even as total hashrate, or mining power, increased by 11% due to the halving, higher mining difficulty and seasonal operation curtailments. Despite Galaxy’s mining woes, the firm narrowed its third-quarter net loss and its operating revenue grew more than 30% from previous quarter, according to the statement. The shares jumped more than 7% in Toronto on Thursday, while bitcoin and broader market index, CoinDesk 20, were positive for the day. Read the full article here

The good news is it’s not too late. We need to look past the allure of financialization and remember that blockchains, as universal timekeepers, can do so much more. The possibilities are almost unlimited. We can enable strangers on different continents to share information and ideas securely, transparently, trustlessly. We can use our favorite apps that have become essential to our lives – but without the anxiety that we might be tracked and listened to. We can chat with strangers on the Internet and enjoy online news with full certainty that it is humans and not bots that we are…

If these results hold, Democrats would need to sweep their races in California, which has 12 races yet to be called by the AP, as well as win in the other districts they’re leading, to regain the House. Republicans are leading in seven of these races at press time, though some races have just over 52% of their results counted. Read the full article here