Public Firm Becomes First to Launch an ICO in Singapore
An e-commerce platform that recently launched a token sale aimed to raise $50 million has become Singapore’s first public firm to hold an ICO.
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North Korea Set Up a Blockchain Firm to Launder Crypto to Cash: UN
news North Korea has been using a Hong Kong-based blockchain company to launder money, according to a quarterly report from the UN Security Council’s Sanctions Committee on North Korea. As reported by South Korean newspaper Chosun, North Korea employed a shipping and logistics firm called Marine China, which runs on a blockchain platform, to avoid international…

Here’s Why a CryptoPunk Sold for $530M
Crypto Twitter was briefly set ablaze Thursday night as a CryptoPunk non-fungible token (NFT) was purchased for a staggering half-billion dollars – a figure that would have made the sale one of the largest ever not just in NFT-land, but in all of art history.However, on-chain analysts were quick to point out that the sale…

Is Being the ‘Saudi Arabia of Money’ Good for America?
Sep 13, 2020 at 13:00 UTC(William_Potter/Getty Images)A reading of “How to Diagnose Your Own Dutch Disease,” a look at the problems of America’s dollar trade. This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. On this week’s Long Reads Sunday, NLW looks at recent statistics suggesting that, based on a comprehensive set of measures of well-being, U.S. citizens are…

It’s Game On for Web3: How Gaming Will Onboard a Billion People
In April 2023, a digital item with distinct, rare traits was sold to a gamer for $400,000 reportedly paid for in cryptocurrency. Digital assets similar to this one have garnered $100 million in overall sales the same month. But the $400K sale wasn’t for a non-fungible token (NFT) – it was a skin in Counter-Strike:Global…

First Mover Americas: Bitcoin Little Changed in Face of PBOC Rate Cut
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 2,014.90 +1%Bitcoin (BTC): $63,558.29 +0.07%Ether (ETH): $2,642.62 -0.1% S&P 500: 5,718.57 +0.28%Gold: $2,632.34 +0.23%Nikkei 225: 37,940.59 +0.57% Top Stories Bitcoin

Bitcoin Tops $49K as Bitcoin ETF Inflows Accelerate
Bitcoin's price topped $49,000 Monday after strong spot bitcoin ETF inflows late last week.Bitcoin ETFs gained net $1.1 billion fresh funds amid slowing GBTC outflows.Bitcoin (BTC) topped $49,000 Monday supported by last week's strong exchange-traded fund (ETF) inflows and signs of institutional accumulation.The largest crypto was hovering around $48,000 earlier during the day before experiencing

Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack
Floating Point Group (FPG), an institutional trading desk specializing in cryptocurrencies, suffered a cyber attack on Sunday, June 11, which resulted in a loss of between $15 million and $20 million in crypto, a spokesman for the firm told CoinDesk.Hacks and breaches are relatively common occurrences in crypto that can happen to almost any firm.…

SEC Twitter ‘Compromised,’ Chair Gensler Says After Account Said Bitcoin ETFs Approved
The U.S. Securities and Exchange Commission (SEC) has not approved any spot bitcoin ETF applications as of Tuesday afternoon, despite a tweet from the regulator's X (formerly Twitter) account saying they had been, the agency's chair, Gary Gensler, said.The SEC X account "was compromised," he said on his own X account, and the regulator has