CoinDesk

Peter Thiel-Backed Crypto Exchange Bullish Calls Off SPAC Deal Far Peak Acquisition and Bullish first agreed to a merger in July 2021.

5 Digital Economy Predictions for 2023 2023 is the year crypto will have to grow up and clean up its act. Here are predictions regarding the future of NFTs, the metaverse, CBDCs and institutional investments.

Craig Wright Signals He's Given Up Convincing Courts He Invented Bitcoin Six years after he first claimed to be Satoshi Nakamoto, the Australian computer scientist tweeted, “I have been too angry for too long.”

Tron’s Justin Sun Was Secret Top Client of Crypto Asset Manager Valkyrie A private financial document reviewed by CoinDesk shows that Sun, one of the richest figures in crypto, was responsible for the vast majority of a key Valkyrie division’s assets under management.

Aave DAO Votes to Integrate Chainlink Proof of Reserves to Tighten Network Security Although the decentralized lending protocol’s data is inherently on-chain, introducing Chainlink’s PoR would help mitigate the risk of attacks on the Aave protocol.

Sam Bankman-Fried Released on $250M Bail Secured by Parents Former FTX CEO Sam Bankman-Fried appeared in U.S. federal court Thursday on charges that he was the mastermind behind the fraud and illicit movement of customer funds inside his former crypto empire, and a judge agreed that he can be released on $250 million bail.

Crypto Firm Orthogonal Trading Said to Be in Provisional Liquidation After Maple Defaults Orthogonal defaulted on $36 million of loans on decentralized finance (DeFi) protocol Maple Finance earlier this month after it misrepresented its losses from the FTX implosion.

FTX Investors’ Loss Is Wall Street Lawyers’ Gain Professionals are charging upwards of $2,000 hourly wages against $12 million retainers as they attempt to restore funds to the million-odd creditors of Sam Bankman-Fried’s empire

Guggenheim's Scott Minerd, Fickle Bitcoin Forecaster, Dies After Heart Attack Among Wall Street financiers, Minerd was known for his extreme predictions of the largest cryptocurrency's price, often with mixed success.

Europe’s Last Bitcoin Mining Refuge Is No Longer Viable Miners moved to northern Norway and Sweden to avoid high energy costs. Now, power prices are surging there, too.

Brazil’s President Signs Crypto Regulations Into Law Companies in the sector will have 180 days to adapt to the new rules.

The Loyalty Revolution Because current loyalty programs operate within closed systems, many of them don’t create loyalty as much as captivity. Blockchains make alternative systems possible, where both brands and consumers can share bigger pieces of a larger pie.

Brand Building On-Chain: Why Marketers Are Shifting Investment Into Web3 2022 was a year of upheaval in crypto. It also marked a turning point for advertisers.

2023 Should Be the Year of On-Chain User Security If crypto does not get its house in order, regulators will do it for them.

First Mover Americas: FTT Token at Center of New US Charges in FTX Case The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 22, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The CFP Board’s Latest Report on Crypto Sets High Standards for Advisors Decisions to recommend bitcoin should depend on an advisor's crypto competency and a client’s personal/financial circumstances, the CFP Board’s notice says.

FTX Creditors Hire Law Firm Paul Hastings as Representation Paul Hastings beat out multiple law firms that pitched to lead legal work in the bankruptcy proceedings.

Crypto Market May See Renewed Volatility as Whales Begin to Accumulate Bitcoin Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly, one observer said, referring to the cryptocurrency's ultra-low historical or realized price volatility.

British Columbia Imposes 18-Month Moratorium on New Crypto Mining Operations This is the third Canadian province to limit the industry's growth as it looks to preserve capacity for communities.

Twitter Adds Crypto, Stock Prices in Search Results Social media platform Twitter has integrated cryptocurrency prices into its search results with a TradingView plug-in.

FTX's Blockfolio Stake Was Paid for Mostly in FTT: Bloomberg Bankrupt cryptocurrency exchange FTX used its own token, FTT, to fund the purchase of a majority stake in trading platform Blockfolio in 2020, Bloomberg reported Thursday.

Bitcoin Is Leading Indicator for S&P 500, Past Data Shows The cryptocurrency tends to bottom out weeks ahead of the S&P 500, research by Delphi Digital shows.

Caroline Ellison Plea Agreement: $250,000 Bail, Surrender of Travel Documents, Forfeiture of Assets Plea agreement would waive Ellison of any charges, except criminal tax violations, provided she fully cooperates with U.S. Attorney's office.

How Regenerative Finance Is Bringing Sustainability to Crypto As the crypto industry surveys the ruins of 2022, it must refocus on its core promises and once again seek ways to add tangible and sustainable value.

One of Crypto’s Favorite US Senators Drops Swan-Song Bill on Eve of Retirement Crypto ally U.S. Sen. Pat Toomey (R-Pa.) used one of his final days in office to send a last legislative message on regulating stablecoins.

DeFi Project Popsicle’s ICE Token Triples as Controversial Wonderland Founder Returns The sudden price surge of Popsicle’s ICE native token coincided with the controversial blockchain developer Daniele Sestagalli unveiling his return to rebuild the project.

Bernie Madoff’s Lawyer: Sam Bankman-Fried Should ‘Shut Up’ Ira Lee Sorkin, partner at law firm Mintz & Gold, discusses why he would’ve told the disgraced CEO to “keep his mouth shut” and not speak to various media outlets after the FTX exchange filed for bankruptcy protection.

Sam Bankman-Fried to be Extradited to the US A judge on Wednesday approved the former FTX CEO's agreement not to contest extradition.

Metaverse-First Blockchain Lamina1 Launches Rolling Fund for Web3 Builders The Layer 1 blockchain is the brainchild of Neal Stephenson, who coined the term "metaverse" in 1992, and Peter Vessenes, co-founder of the Bitcoin Foundation. The project will also soon launch a testnet showcasing future use cases.

Craig Wright v. Peter McCormack: Judge Rules McCormack Should Pay Around $1.1M in Costs Wright had argued that McCormack should pay the majority of costs for the legal proceedings, but then accepted to pay all McCormack's costs save for those ruled in Wright's favor.

Another Crypto.com Ad Banned by UK Advertising Regulator The company also came under fire from the Advertising Standards Authority in January.

DeFi’s Difficult Governance Decisions Lie Ahead Decentralization was proven to be DeFi’s saving grace this year. Shouldn’t protocol governance also be as decentralized as possible?

How Crypto Exchanges Can Be Free of Risk Crypto marketplaces such as FTX have caused huge losses to users because of the lack of full custody coverage. These issues stem from the way current electronic markets were simply designed as copies of open outcry and paper-based markets – and also, ironically, from the fact that all the major crypto markets were built in a centralized manner.

DeFi Protocol Ankr Says Ex-Employee Caused $5M Exploit A former employee of DeFi protocol Ankr maliciously caused a $5 million exploit earlier this month, according to a blog post published on Ankr's website.

Peer-to-Peer Crypto Marketplace Paxful Removes ETH From Platform Peer-to-peer bitcoin (BTC) marketplace Paxful has removed ether (ETH) from its platform, with CEO Ray Youssef describing it as "essentially a digital form of fiat."

Private Banks to Manage Future Digital Euro Wallets, Transactions The European Central Bank's progress report on a central bank digital currency outlines the role of financial intermediaries.

Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report A source told CNBC that bankruptcy proceedings would not impact operations.

4th Quarter Market Outlook: The CoinDesk Digitization Index (DTZ) Digitization protocols making up the DTZ lost a combined 24% over the period.

4th Quarter Market Outlook: The CoinDesk Computing Index (CPU) Computing protocols in the index lost a combined 21% over the period, with Mask Network the best performer and JasmyCoin the worst.