Former Coinbase Employee Seeks to Limit Jail Term to 10 Months in Insider Trading Case
“The Defendant respectfully submits that a sentence of no more than 10 months incarceration, together with several other consequences of Ishan’s conviction, would impose a sufficient, but not excessive, punishment for the crimes of conviction,” said the filing.
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Insurance Broker Marsh Introduces $825M Crypto Custody Coverage
Insurance broker Marsh has introduced a digital asset custody insurance product providing capacity up to $825 million, the largest facility of its kind, the firm said in a press release on Tuesday.Marsh, which has over 45,000 staff and is part of professional services giant Marsh McLennan, said the new insurance product will support organizations with
Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say
“Tether has no exposure to SVB as its popularity lies more in the Asian region, meaning USDT doesn't rely on dollars being held in American banks, making it one of the safest stablecoins to pivot to currently,” said François Cluzeau, head of trading at Flowdesk, in a message to CoinDesk.

HashKey Becomes Crypto Unicorn After Closing $100M Raise
HashKey Group, which operates the Hong Kong-based crypto exchange, has “nearly” met its $100 million fundraising target, the firm said on Tuesday.HashKey announced the fundraising round in August, shortly after it won a license from Hong Kong’s security regulator to offer retail crypto trading. The firm did not disclose the investors in the round and

South Carolina Ends Cease & Desist Orders Against Crypto Startups
South Carolina's securities regulator has ended cease-and-desist orders against two blockchain startups, public documents revealed Thursday.

Market Wrap: Bitcoin Bounces to $11.8K; Over 10K BTC Locked in Harvest Finance
Oct 19, 2020 at 20:57 UTCCoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Bounces to $11.8K; Over 10K BTC Locked in Harvest FinanceBitcoin traders hit the buy button Monday while a DeFi project gains $135 million in BTC locked since the start of September.Bitcoin (BTC) trading around $11,689 as of 20:00 UTC (4 p.m. ET). Gaining…

Matrixport Turns Bullish on Bitcoin, With Tight Stop Loss in Place
Crypto traders can take long positions in bitcoin with a tight stop loss below $25,800, Matrixport's Markus Thielen said.According to Thielen, Treasury yields are likely to drop, pushing risk assets, including cryptocurrencies, higher.Crypto services provider Matrixport, which has more than $3 billion in assets under management, has turned cautiously bullish on bitcoin (BTC) after the…

Crypto Banking Rules Could Be Modified If Market Reacts, Basel Committee Chair Says
Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He…

Coffee Giant Behind Folgers, Café Bustelo Taps IBM for Track-and-Trace Blockchain
Jul 15, 2020 at 14:00 UTCCoffee berries (Rodrigo Flores/Unsplash)IBM is giving its blockchain track-and-trace capabilities the social-impact treatment with a provenance application that enables coffee drinkers to directly assist the smallholders who farmed the beans. Announced Wednesday, IBM has teamed up with J. M. Smucker Company – the $12.2 billion food giant behind coffee brands…