Crypto News Roundup for Oct. 15, 2021

Zap founder Jack Mallers speaks at Bitcoin 2019 in San Francisco. (Jack Mallers)Bitcoin Startup Zap Is Working With VisaLightning developer and Zap, Inc. founder Jack Mallers announced Thursday his startup’s Strike product, which allows people to receive bitcoin as dollars via direct bank deposits, is finally entering public beta. A Visa card is also in…

The liquidators for Three Arrows Capital (3AC) have sued Terraform Labs for $1.3 billion. They allege TerraForm induced 3AC to purchase Luna and TerraUSD by manipulating the market for these tokens. Defunct cryptocurrency hedge fund Three Arrows Capital's (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered after the 2022

Bitcoin could be in for a recovery rally, having defended a key support level over the weekend. Looking back, the leading cryptocurrency suffered an ascending channel breakdown on Nov. 7, signaling a temporary top has been made at $6,540. On the following day, the moving average studies rolled over in favor of the bears, bolstering the…

news Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ————— Last week, the Federal Reserve injected $278 billion into the securities repurchase, or…

news Lolli, an affiliate retail startup that gives online shoppers bitcoin instead of regular cash-back perks, just announced its first Asian partnership with Chinese e-commerce giant Alibaba. Lolli’s in-browser app allows users to shop through merchants’ websites as they normally would, but earn small bitcoin rewards delivered to the in-browser wallet. CoinDesk reached out to…

Two United Nations divisions are teaming with the nation of Sierra Leone and a technology non-profit to launch a blockchain-based identification system. The U.N. Capital Development Fund (UNCDF), the U.N. Development Program (UNDP), along with Sierra Leone president Julius Maada Bio and non-profit Kiva announced a project to "modernize the credit bureau" on Thursday during…

24H Low$131.4424H High$138.29PriceMarket Stats24H Average Transaction Feen/aReturnsNumber of TransactionsPrice PerformanceAverage Time Token is HeldTwitter SentimentSearch TrendsBitcoin CalculatorCrypto to FIATCrypto to CryptoLast Updated on 10/16/21 1:45 PM CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN…

(Neilson Barnard/Getty Images)‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is PossibleThe Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts,…

An ongoing legal battle between XRP investors and payments startup Ripple is entering its next phase. Attorneys for Ripple Labs and its affiliated defendants filed to move a consolidated class-action lawsuit from its previous venue at the San Mateo Superior Court to the U.S. District Court, Northern District of California, according to court documents published…