Custodia’s challenge of the Federal Reserve Bank of Kansas City’s decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S. District Court of Wyoming, however, did reject Custodia’s request that the Fed be compelled to grant it a so-called master account and membership with the Fed, Instead, Custodia must continue its claims via normal channels.
CoinDesk Editorial: It Sure Looks Like the U.S. Is Trying to Kill Crypto
Sometimes they really are out to get you. The government’s regulatory attack on crypto is an abuse of power that risks sending a vital industry overseas, to no gain for consumer protections.
Bitcoin Rises on Report Government Weighing Plan to Protect All Silicon Valley Bank Depositors
Binance Walks Away From Deal to Acquire FTX
A spokesperson for the crypto exchange said FTX’s issues “are beyond our control or ability to help.”
Musk Scraps $42B Deal to Buy Twitter, Prompting Board to Threaten Suit
Bankless Crypto Channel Banned From YouTube
Crypto Industry’s Growing Sway in Shaping US States’ Laws: NY Times
The article, the second deep dive into crypto by the Times in the last month, highlights mainstream media’s increased coverage of the space.
Binance Gets In-Principle Approval to Operate as Crypto Broker-Dealer in Abu Dhabi
US Firms Providing Custody Services Should Account for Crypto Assets as Liability, Disclose Risk, SEC Says
Ukrainian Government Receives Nearly $10M in Crypto Donations After Russian Invasion
The Ethereum wallet listed by the government has received almost $4 million in crypto so far.
Galaxy Digital to Buy BitGo for About $1.2B in Stock, Cash
The acquisition comes as Galaxy Digital plans a U.S. listing later this year.
NYDIG Files for Bitcoin ETF, Adding to Firms Hoping 2021 Is When SEC Finally Says ‘Yes’
NYDIG, Stone Ridge Asset Management’s bitcoin spinoff firm, has filed with the U.S. Securities and Exchange Commission for a bitcoin exchange-traded fund (ETF).
MicroStrategy Files to Offer $600M in Notes in Order to Buy Yet More Bitcoin
MicroStrategy said it intends to offer $600 million aggregate principal amount of convertible senior notes due 2027. This story is developing and will be updated.
Avalanche Brought Down by Bug Triggered by Unusually High Volume, Engineer Says
The blockchain, which had been touted for its ability to handle a high volume of transactions, was brought down by an unusually high number of transactions.
Bitcoin Sets New All-Time High of $49.7K, Putting $50K Within Striking Distance
The record comes as traders analysts have described institutional investors’ interest in bitcoin as growing “at a staggering pace.”
NBA Top Shot, CryptoKitties Firm Dapper Labs Raising $250M+ at $2B Valuation: Report
The firm has generated almost $100 million in NFT sales, according to the report.
Morgan Stanley Unit Considers Bitcoin Investment: Bloomberg
Morgan Stanley already has a nearly 11% stake in the bitcoin-laden business intelligence company MicroStrategy.
DeFi Protocols Cream Finance, Alpha Lose $37.5M in Exploit; ‘Prime Suspect’ ID’d
Alpha Finance says the “loophole” has been patched.
DeFi Protocols Cream Finance, Alpha Lose $37.5M in Exploit; ‘Prime Suspect’ ID’d
Alpha Finance says the “loophole” has been patched.
ARK Invest Boosted Its GBTC Holdings by 2.14M Shares in Q4
Cathie Wood’s asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.