Author: Coindesk

The bank’s subsidiary in the country received a license allowing it to offer regulated digital assets services, including brokerage, custody and banking under Liechtenstein’s Token and Trusted Technology Service Providers Act. That will enable Sygnum to apply for a crypto-asset service provider (CASP) license under MiCA after Liechtenstein adopts the regulation, planned for first-quarter 2025. Read the full article here

A noteworthy analysis on the relationship between the NFCI and bitcoin was recently shared by Fejau, host of the Forward Guidance Podcast. In an X thread, Fejau pointed out the negative correlation between the NFCI and bitcoin, arguing that looser financial conditions often act as a tailwind for risky assets. According to Fejau, when financial conditions loosen, easing increases, leading to a risk-on environment where speculative assets, including bitcoin, tend to rally. Read the full article here

Traders on Polymarket are betting the court will show mercy, with “yes” shares for “no prison time” trading at 48 cents, meaning the market sees a 48% chance she’ll be released. Each share pays out $1 (in USDC, a cryptocurrency that trades 1:1 for dollars) if the prediction comes true, and nothing if it doesn’t. Read the full article here

Auditing standards require at a minimum that auditors understand the entity and its environment, that it has the competency and independence to perform the audit, and that it can’t effectively staff the audit, among other things. These standards apply whether the audit client is a first-time client, a small local thrift shop, or a multibillion-dollar cryptocurrency exchange with a related party trading firm. Prager Metis, which is based in New York, rushed into the latter space with abandon. The firm was the first to announce a metaverse headquarters in Decentraland. The firm took on FTX as a client. It apparently…

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.…

Major cryptocurrencies made cautious gains to start the week, with BTC around 1.3% higher over 24 hours at just under $63,500. Ether outperformed bitcoin, rising 2.7% to $2,650, while the broader digital asset market is up just under 1.1%, as measured by the CoinDesk 20 Index. Data from CoinGlass shows that in the last 12 hours, slightly more short positions than longs have been liquidated, with $64.23 million in short positions and $54.42 million in longs being liquidated. Trading is likely light in the aftermath of last week’s 50 basis-point interest-rate cut in the U.S. BTC is up 9.5% in…

Ether exchange-traded funds have consistently underperformed bitcoin ETFs since they listed in the U.S. in July. Their first five weeks of trading saw $500 million of outflows, while their BTC counterparts had experienced more than $5 billion of inflows during their first five weeks. Read the full article here

Particularly because the Bank also said it would “continue to monitor global retail CBDC developments and publish some related research,” there would “be further opportunities for Canadians to provide input on a potential digital dollar,” and that all the research done so far would be “invaluable if, at some point in the future, Canadians … decide they want or need a digital Canadian dollar.” Read the full article here

MOTHER is one of the few celebrity memecoins that has managed to maintain its value. The token, however, mostly trades on decentralized exchanges (DEX) and is not available on any well-known centralized platforms. An addition of an online casino is sure to complicate the listing process on major centralized exchanges because of regulatory complexities. Read the full article here

“To build that opportunity economy, I will bring together labor, small business, founders and innovators, and major companies. We will partner together to invest in America’s competitiveness, to invest in America’s future,” Bloomberg quoted Harris as saying. “We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.” Read the full article here