Bitcoin’s ‘Estimated Leverage Ratio’ Hits Lowest Since December 2021

A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law. The catch: This was a default judgment. The defendant never showed up, and no one filed amicus briefs to oppose the Securities and Exchange Commission's motion for a default ruling.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of

Brett HarrisonFounder and CEOArchitectDon't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci.Brett HarrisonFounder and CEOArchitectDon't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci.Jamie Crawley is a CoinDesk news reporter based in London.Brett HarrisonFounder and CEOArchitectDon't miss "FTX: What Happened" with the…

The EU's crypto law MiCA is set to take effect next year, setting a framework for stablecoins within the bloc.With remaining legal gray areas and no approvals yet, there could be a bumpy landing in June next year.New European Union rules due to kick in a few months from now could mean largescale delisting of

Last September, the long-awaited Ethereum “Merge” finally occurred and the Ethereum network successfully transitioned from proof-of-work (PoW) to proof-of-stake (PoS). Prior to the Merge the security of the Ethereum (ETH) network had been guaranteed by proof-of-work, i.e., the same mechanism that still powers Bitcoin (BTC). Since the Merge the security of the Ethereum network is…

news Bitcoin has broken yet another 2019 record, reaching as high as $11,304, before conceding a short-term period of profit taking. At 21:00 UTC on June 23, the world’s largest cryptocurrency by market capitalization shot upwards on the daily chart, cementing a new high beyond June 22’s peak of $11,215. The move to another 2019 high…

A proposal by bankrupt crypto exchange Bittrex for returning customer cash and crypto faces a legal challenge from the U.S., which is still owed millions for sanctions violations, according to a Wednesday court filing.The firm's U.S. arm filed for bankruptcy on May 8 after regulators accused it of operating an unlawful securities exchange and after…

Nov 26, 2019 at 17:30 UTCUpdated Nov 26, 2019 at 19:07 UTCMARKETS DAILY: Tokenization Challenges and Another Tether LawsuitWelcome to the CoinDesk Markets Daily Podcast, a 10-minute look at what's driving the crypto markets today. The podcast appears daily and we'd love you to subscribe in your favorite podcast app or grab the MP3 here.Tune…

Vitalik Buterin, the co-creator and spiritual leader of Ethereum, turned 30 today. It’s a date that he refers to as the “end of my childhood.” Buterin has achieved much in his time so far, and there’s much more to accomplish. The job of following Satoshi Nakamoto — a pseudo-no-person-hero was hard, but Buterin, by avoiding

Generative artist Dmitri Cherniak's Ringers #879 non-fungible token (NFT) sold for $5.4 million on Thursday during a live auction at Sotheby's auction house in New York City, blowing past estimates during a time of slower market movement.The artwork, often referred to as "The Goose" for its likeness to the animal, was the top lot during…