Crypto News Today (2024)

14/12/2023

JPMorgan Cautious About Crypto Markets in 2024

Cathie Wood’s investment firm, ARK Invest, offloaded a sizeable chunk of Coinbase as the shares of the Nasdaq-listed crypto exchange rose to a 20-month high on Wednesday. ARK sold 283,104 shares worth $42.6 million based on Coinbase’s last close of $150.46. The firm has sold over $150 million wo...

14/12/2023

Deutsche Bank-Backed Ta**us Starts Tokenizing German SME Loans

Teylor, which offers loans between 100,000 euros ($109,000) up to 1.5 million euros ($1.6 million) to Germany’s vibrant Mittelstand economy, is backed by investors like U.K. bank Barclays (BARC). The fintech firm offered just shy of $25 million of loans last month, its CEO Patrick Stäuble said in...

14/12/2023

DeFi Protocol Sushi's CTO Warns of Possible Exploit

Decentralized finance (DeFi) protocol Sushi has reportedly been hit by a front-end exploit, with the company’s CTO issuing a warning about an industry-wide exploit related to a “commonly used” web3 connector.

14/12/2023

Rulematch, a Swiss Crypto Exchange for Banks, Goes Live With Spain's BBVA Among Its Clients

“The crypto spot market is really dominated by players which do not really fulfill the very high requirements of a regulated participant,” CEO David Riegelnig said in an interview. “Primarily, the mix of functions that so-called crypto exchanges typically do, which makes them much more of a br...

14/12/2023

Basel Committee Proposes Changes to Criteria Giving Stablecoins Preferential Risk Treatment Among Crypto Assets

However, cryptos with “effective stabilization mechanisms” qualify for “preferential Group 1b regulatory treatment.” This means stablecoins can be subject to “capital requirements based on the risk weights of underlying exposures as set out in the existing Basel Framework,” instead of th...

14/12/2023

OFAC Accepts $1.2M Fine from Crypto Exchange CoinList to Settle Allegation of Russia Sanctions Violations

“This enforcement action further emphasizes the importance for virtual currency companies and those involved in emerging technologies to incorporate risk-based sanctions compliance into their business functions, especially when the companies seek to offer financial services to a global customer ba...

14/12/2023

Cronos, Partner of Crypto.com, to Start Layer 2 Network With Matter Labs

“The Cronos zkEVM testnet represents an opportunity for Cronos Labs and our partners, including VVS, Fulcrom and Veno, to experiment with ZK layer 2 technology in order to prepare the next phase of growth starting in 2024,” Ken Timsit, managing director of Cronos Labs, said in a press release se...

14/12/2023

JPMorgan Is Cautious About Crypto Markets Into 2024

While there has been some improvement in decentralized finance (DeFi) activity, the “biggest disappointment continues to be the inability of DeFi to encroach into the traditional financial system, which is necessary for the crypto ecosystem to transition from crypto native to real world applicatio...

14/12/2023

ARK Sells $42.6M Coinbase Shares as COIN Hits 20-Month High

The firm has sold over $150 million worth of stake in COIN since Dec. 5.

14/12/2023

Cardano's ADA Jumps 17% as Value Locked on Cardano DeFi Ecosystem Reaches $450M

The total value locked (TVL) of all Cardano-based projects jumped to over $440 million late earlier this week, crossing a previous peak of $330 million set in April. Most growth seemingly occurred over the past week, with lending protocol Indigo and on-chain exchange Minswap seeing their TVL surge b...

14/12/2023

Move Over Anchoring Bias, But Bitcoin's Bull Run Still Has Plenty of Steam Left

Traditional finance investors who want exposure to bitcoin could fall victim to the anchoring bias and intuitively wait for cheaper entry prices. That’s because, in conventional markets, assets rarely double in value in less than a year. Besides, investors, in general, are vulnerable to loss avers...

14/12/2023

In Search of the Elusive Crypto Voter

On Monday, a New Hampshire state representative asked a mostly-filled room at an industry campaign event to raise their hands if they were visiting from another state. More than half the people in the room raised their hands. These visitors had come to hear from industry representatives, state lawma...

14/12/2023

Meme Coin BONK Spikes 40% on Coinbase Listing

BONK prices reversed nearly all losses from last week following the announcement. Prices traded at $0.000014 on Thursday morning with a trading volume of over $235 million since Wednesday.

14/12/2023

FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries

U.S. Judge John Dorsey, from the Delaware Bankruptcy Court, scheduled a hearing for early next year to calculate the crypto exchange’s debt to the IRS, a sticking point that has stagnated efforts to remunerate the exchange’s many victims. As FTX’s largest creditor, the IRS’ claim must be res...

13/12/2023

Bitcoin (BTC) Price Bounces, Coinbase (COIN), Marathon (MARA) Rallies on Dovish Fed

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic stan...

13/12/2023

CFTC Pushes FTX-Inspired Rule to Protect Customers' Money

13/12/2023

Anonymous Crypto Interests Bombard Key Senator Sherrod Brown With Political Ads

“SEC Chair Gary Gensler is protecting the big banks, stifling American innovation and willing to ship critical American technology and jobs to China,” according to the organization’s website. “Senator Sherrod Brown needs to use his power as Chair of the Senate Banking Committee to stand up t...

13/12/2023

Protocol Village: Immutable zkEVM Will Allow Developers to 'Abstract' Transaction Fees

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 14-Dec. 20, with live updates throughout.

13/12/2023

The Tether Killer? A True Stablecoin Would Enhance Banking and Crypto

The serious, potentially fatal flaw with a stablecoin like Tether is the potential for a “run on the bank.” Any stablecoin that invests in anything other than U.S. dollars in a bank account cannot assure its holders that they can redeem their stablecoin at any time, all at once, and receive 100%...

13/12/2023

U.S. CFTC Approves Bitcoin Futures Platform Bitnomial's Derivatives Clearing Application

“Unlike other businesses that have attempted to disintermediate the brokerage industry, our FCM offers wholesale digital asset-related services and support to our brokerage partners, institutions, and dealers,” he said. “Now that the licensing process is complete, we can shift our focus to exp...

13/12/2023

Ethereum's Vitalik Buterin Writes on 'Enshrinement' of ZkEVMs into Main $ETH Blockchain

Buterin’s comments come as ether (ETH), the native cryptocurrency of the Ethereum blockchain, has lagged behind tokens from rival blockchains as digital-asset markets rallied this year. Ether has climbed by 84%, while Solana’s SOL has jumped more than eight-fold in price and Avalanche’s AVAX h...

13/12/2023

Starknet, LayerZero, and More Fuel Crypto Rally with Token Releases

Loyal readers of The Protocol will recall our riff in last week’s issue, headlined “Bitcoin Censorship, or Just ‘Spam Filtering?‘” The gist of the story is that some Bitcoin purists are trying to keep the oldest and largest blockchain free from non-financial transactions – such as the te...

13/12/2023

Bitcoin Price (BTC) Higher After Fed's Dovish Pause

The price of bitcoin (BTC) added just less than 1% to previous Wednesday gains, now higher by 2.2% to $42,370. A check of traditional markets finds rates tumbling, with the 10-year Treasury yield down 12 basis points to 4.08%, its lowest level since August. U.S. stock market averages have moved to s...

13/12/2023

Why 2023 Is Like 2020 and Bitcoin Is Set to Head Towards $50k

Crypto derivatives show bullish positioning but are not over-extended by historical norms. That’s good news for the whole crypto market.

13/12/2023

Bitcoin Has Gifts This Holiday Season

This shift might ruffle some feathers, straying from crypto’s original ethos as an alternative to mainstream finance. But, hey, it’s what’s revving up excitement again. And it’s not just Wall Street driving this. Macro factors like the potential end of the U.S. interest rate hiking cycle, Mi...

13/12/2023

Coinbase Launches Spot Trading of Bitcoin and Ether Outside the U.S.

The move came at a time where regulators in the U.S. started to heavily crack down on crypto companies, including Coinbase itself, which was sued and is still under investigation by the Securities and Exchange Commission (SEC) for allegedly violating federal securities laws. The exchange has moved t...

13/12/2023

FASB Confirms 'Fair Value' Approach for Corporate Crypto Holdings

The Financial Accounting Standards Board, a U.S. entity that details how companies should report assets on their balance sheet, published a standards update on Wednesday that will let corporations recognize “fair value” changes in crypto holdings.

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