Michael Greco, policy research director at the Digital Dollar Project (DDP) and Josh Lipsky, senior director of the Atlantic Council’s GeoEconomic Center, discuss why the development of a central bank digital currency in the U.S. may only be a matter of time.
FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings
The class action lawsuit accuses the bankrupt crypto exchange of misappropriating user funds.
Crypto Exchange Gemini Sued by Investors Over Interest-Earning Program
Investors say the platform was offering interest-earning crypto through its Gemini Earn program without registering those assets as securities in accordance with U.S. securities law.
Michael Saylor’s MicroStrategy Adds Another 2,500 Bitcoin for Nearly $45M
Technology company MicroStrategy has added to its bitcoin stockpile, purchasing approximately 2,395 BTC for $42.8 million in cash between Nov. 1 and Dec. 21.
Crypto Exchange Kraken to End Japan Operations
Cryptocurrency exchange Kraken said it will exit the Japanese market and de-register from the Financial Services Agency (JFSA) as of Jan. 31, 2023.
Bitcoin Miner Argo Will Avoid Bankruptcy With $100M Bailout from Novogratz’s Galaxy
Galaxy will also loan $35 million to Argo as part of the deal.
Crypto Investment Firm Midas Shutting Down Platform Following Losses
The collapse of Celsius and FTX led to more than 60% of Midas’ assets under management being withdrawn.
Pudgy Penguins NFTs Break All-Time Highs With Holiday Rally
Pudgy Penguins NFT collection is setting new heights. The rising tide is lifting associated projects, too.
Solana DeFi Project Mercurial to Relaunch as ‘Meteora,’ Replace MER Token
DeFi stablecoin exchange Mercurial is going to relaunch as Meteora and rebalance its tokenomics.
Argo Blockchain Suspends Trading in US Shares for 24 Hours
The company said earlier this month it was close to restructuring without having to declare bankruptcy.
Crypto Lender Nexo Canvasses Vauld Creditors Directly With Final Takeover Offer
In an open letter, the firm said earlier offers were misrepresented and it wanted to deal directly.
Krampus is coming to the crypto space this holiday season
Not even major exchanges collapsing can deter crypto users from believing in the space year after year.
Defrost Finance Says Hacked Funds Have Been Returned
The hack, which some observers had characterized as a rug pull, was estimated to have netted $12 million.
Crypto Lender Vauld Calls Off Potential Acquisition by Rival Nexo
The two started negotiations earlier this year and signed an initial agreement in July.
Bitcoin Miners Powered Off as Winter Storm Battered North America
Computing power on the Bitcoin network dropped about 40% over the weekend.
Defrost Finance Hacked in Attack Some Say May Have Been a Rug Pull
The total value of funds locked on the protocol had dropped to less $93,000 on Dec. 25 from about $13 million, Defi Llama data show.
Five Crypto Things That Riled Me Up in 2022
The FTX fraud, the Three Arrows Capital collapse, bitcoin maximalist rhetoric, centralized blockchains and privacy deniers, haters and destroyers were just a handful of the things that irritated CoinDesk research associate George Kaloudis in 2022.
Blockware Customer Accuses Bitcoin Mining Firm of Fraud
Lawsuit seeks at least $250,000 of damages.
Crypto Funding Plunged in 2022, but VC Head Sees Areas of Opportunity for 2023
CoinFund’s David Pakman talks FTX, DeFi and the way forward.
Authorities in Italy, Albania Bust $16M Suspected Crypto Investment Scam
Law enforcement authorities in Italy and Albania have busted a cryptocurrency investment scam worth 15 million euros ($15.91 million).