Regulators Plan ‘Global Sandbox’ for Fintech Including Blockchain
A number of regulators from across the globe are forming a new alliance to facilitate the development of fintech in cross-border solutions.
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Bitcoin Slumps Below $28K as Yields Spike; Ether Futures ETFs Fizzle on Lukewarm Investor Interest
Bitcoin (BTC) ended the first U.S. trading day of the week in the green, but it gave up some gains as the U.S. 10-year yield spiked to its highest level in more than 16 years. In the last 24 hours, the world's largest digital asset dipped into the red and is down by 1.57%. Meanwhile

Germany Dumping $2.8B Bitcoin Is ‘Market Intervention,’ Despite Murky Legal Justifications
The process of Germany offloading seized bitcoin is called by experts "market intervention" as it caused a selloff. The law that the authorities cited as the reason for the sale, falls within a "legal gray" line, according to one observer. Germany may have finally come out with a legal reason why they offloaded nearly $3

Lightning Startup Zap Raised $3.5M for Bitcoin App Ahead of Visa Deal
Jul 16, 2020 at 20:26 UTCZap founder Jack Mallers speaks at the 2019 Lightning Conference in Berlin. (Will Foxley/CoinDesk archives)Lightning startup Zap Inc., maker of both the namesake, non-custodial bitcoin wallet and the payments app Strike, raised its first round in April, led by Green Oaks Capital and including veteran bitcoin investor Anthony Pompliano. The…

DOJ Indicts Founder of Anti-Money Laundering Bitcoin Project for Money Laundering
Jun 25, 2020 at 17:44 UTCUpdated Jun 25, 2020 at 18:40 UTCThe U.S. Department of Justice indicted the founder of “AML Bitcoin” on money laundering and wire fraud charges. According to a court filing dated June 22, Texas resident Rowland Marcus Andrade, the founder of the NAC Foundation, allegedly raised funds by conducting an initial…

Market Wrap: Bitcoin Regains $10.6K; High-Balance Ether Addresses Decline
CoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Regains $10.6K; High-Balance Ether Addresses DeclineBitcoin is recovering from Tuesday’s drop while there is a decrease in large-balance ether addresses.Bitcoin (BTC) trading around $10,651 as of 20:00 UTC (4 p.m. ET). Gaining 0.66% over the previous 24 hours.Bitcoin’s 24-hour range: $10,524-$10,683BTC above its 10-day moving average but below…

Binance Feels Strain of World’s Regulators Leaping Into Action
Australian officials directly sought out current and former employees of Binance’s operation there this week, demanding copies of internal communications and data from their personal devices, according to a person familiar with the government’s move against the leading crypto exchange, which marked the latest in a pile-up of legal troubles facing the company.The representatives of…

Bitcoin’s Poor Start to Bullish October Continues, but There May Be Cheer Ahead for Bulls
Bitcoin dipped below $60,000 briefly, leading to $144 million in bullish position liquidations, despite historical data suggesting October as its strongest month with gains averaging 22% since 2013. Social sentiment on platforms like X reflects bearish views on Bitcoin's price recovery. Rising oil prices due to Middle East tensions shift investor focus towards commodities like

Charlie Lee, Adam Back Lead $3.1M Private Token Raise for Blockchain Game ‘Infinite Fleet’
Aug 3, 2020 at 10:20 UTCUpdated Aug 3, 2020 at 10:34 UTCInfinite Fleet artwork (Pixelmatic/Infinite Fleet)Charlie Lee, Adam Back Lead $3.1M Private Token Raise for Blockchain Game ‘Infinite Fleet’Online space strategy game “Infinite Fleet,” developed by Pixelmatic, has raised $3.1 million through a private security token offering (STO). Announced Friday, the round can be broken…