The Bitcoin Adoption Fund will provide long-only exposure and will be the first in a range of such digital asset investment products offered by Laser Digital.
Crypto Firms, Banks Asked to Discuss UK Debanking, Regulator Says
While crypto firms have struggled to access banking services in the country, a wide-ranging FCA report on debanking follows allegations from broadcaster Nigel Farage that his bank account was shuttered due to his political views.
JPEX Drama Shows Need for Crypto Regime, Hong Kong Leader Says
The territory’s leader urged investors to use licensed platforms and promised more education about crypto risks
Citigroup Unveils Token Services for Institutional Clients
In a pilot, Citi used smart contracts to serve the same purpose as bank guarantees and letters of credit working with shipping company Maersk and a canal authority.
Binance Staked Ether Experiences $573M in Inflows This Month
Binance’s staked ether token (BETH) experienced $573 million in deposits across two single days in September, more than quadrupling total value locked to $731 million, DefiLlama data show.
Sino Global, Coinbase and Libra Alums Start $60 Million Web3 Fund
Oak Grove Ventures will focus on early-stage investments in Web3, artificial intelligence and biotechnology.
FTX Bankruptcy Estate Sues Sam Bankman-Fried’s Parents, Joseph and Barbara, to Claw Back ‘Misappropriated Funds’
Allan Joseph Bankman and Barabara Fried, the parents of Sam Bankman-Fried, have been sued by the FTX bankruptcy estate.
‘I Just Want to Keep Things Moving’: Judge Makes No Ruling in SEC-Binance Document Dispute
A U.S. judge declined to order Binance.US to make its executives more available for depositions, or for the U.S. Securities and Exchange Commission (SEC) to back down in its demands for more documents during a hearing Monday.
Bitcoin’s Crypto Market Dominance Rises to 50% and It Could Go Higher, Say Analysts
Hopes for a spot bitcoin ETF and the latest regulatory actions could prove a further catalyst.
Binance’s U.S. Exchange Bucks SEC’s Document Requests Amid Investigation
The crypto exchange is fighting to avoid handing over certain documents to the regulator, arguing the SEC’s requests are “overbroad.”
Bitcoin Gives Up $27K in Sharp Tumble as Crypto Liquidations Top $100M
BTC price fell to $26,700 from $27,200 during Monday.
Chainlink’s LINK Soars, Outperforming Other Crypto Majors
The uptick comes as the company has secured a number of notable partnerships with traditional finance institutions.
SEC Rips Into Binance.US Over ‘Shaky’ Asset Custody, Asks Court to Order Inspection
The regulator asked a U.S. court to reject Binance’s “half-hearted” objections to its motion seeking depositions, an inspection and communication from the exchange.
Roughed-Up Bitcoin Miner Stocks Attempt Rally as BTC Retakes $27K
Many in the sector are down 50% or more over the past two months.
Senator Warren’s Crypto Money Laundering Bill Builds Momentum as More Sign On
U.S. Sen. Elizabeth Warren (D-Mass.) has enlisted more support from key lawmakers in a growing coalition pushing for a law to crack down on money-laundering and sanctions abuses in crypto, with new sponsorship from the top Democrats on the Senate Homeland Security and Judiciary committees.
Crypto VC Firm Blockchain Capital Raises $580M for 2 New Funds
Most of the firm’s limited partners are traditional institutional investors, including university endowments, private foundations, financial institutions, sovereign wealth funds and U.S. pension plans.
New York Regulator Seeks Tougher Norms for Adding, De-Listing Crypto Coins
Licensees in the state will have to set out technology, market and regulatory risks for listed cryptocurrencies under the state’s BitLicense regime
First Mover Americas: Friend.tech Drives Up Coinbase’s Base Blockchain Activity
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Tops $27K a Week After Death Cross Formation With Fed Likely to Extend Rate Pause
The U.S. rates traders do not see the Fed raising rates for the rest of the year.
Malta Seeks to Change Its Crypto Rulebook to Get Ready for MiCA
The country’s financial watchdog wants to align its framework with EU-wide rules set to take effect in 2024.