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News
Here's which Wall Street giants have backed the Clarity Act
1+ hour, 44+ min ago (503+ words) The biggest names on Wall Street are lining up behind the Digital Asset Market Clarity Act, marking one of the strongest public shows of support yet for legislation that would establish a new regulatory framework for the U.S. crypto industry and…...
Hyperliquid is taking crypto perps deep into DeFi’s ‘money LEGO’ land
3+ hour, 6+ min ago (633+ words) Liquidity begets liquidity, so the saying goes. Hyperliquid, as its name suggests, has become the decentralized exchange of choice for many traders, particularly those who want to trade perpetual futures or “perps,” blockchain-based derivatives contracts that allow users to speculate…...
Bank of Russia speeds up digital asset rules following fresh western sanctions
3+ hour, 1+ min ago (310+ words) The Bank of Russia published its first draft rules as part of the introduction of cryptocurrency regulations in the country, including capital requirements for companies that hold and record digital assets. The proposals would extend systems already used in Russia’s…...
Core Scientific lands AMD AI deal as bitcoin mining operation winds down
5+ hour, 7+ min ago (384+ words) Data center operator Core Scientific (CORZ) announced an infrastructure partnership with Advanced Micro Devices (AMD) anchored by 15-year leases for 529 megawatts of U.S. AI capacity, which the company said could generate more than $14 billion in base contracted revenue. The capacity is…...
Apple left fake bitcoin wallet on App Store after $875,000 theft report, lawsuit says
5+ hour, 58+ min ago (572+ words) Apple (AAPL) allegedly allowed a fraudulent bitcoin wallet app to remain in its App Store for more than a week after a customer reported losing $875,000, leading another user to lose roughly $840,000, according to a federal lawsuit. In the suit, filed…...
South Korea's worst market day in years and a stalled Clarity Act put crypto on the back foot
6+ hour, 42+ min ago (191+ words) Bitcoin BTC$63,301.30 has lost 0.53% since midnight UTC, having shed around 2% during the U.S. session overnight. Two catalysts are weighing on sentiment. First, chipmaking stocks tumbled in South Korea, dragging the benchmark Kospi stock index down 11%. The drop, one of its worst…...
Crypto exchanges face a survival crisis as day traders disappear
8+ hour, 19+ min ago (615+ words) The early freewheeling era of crypto trading took a final blow as BitMEX announced it would permanently shut down its operations in September. The platform, famous for inventing the perpetual swap in 2016, may not be the last. At least three…...
U.S. Senate puts off crypto Clarity Act for now as it focuses limited bandwidth elsewhere
17+ hour, 57+ min ago (306+ words) The U.S. Senate has shelved the crypto Digital Asset Market Clarity Act for the moment as it proceeds with different bills on Russian sanctions and federal nominations, further setting aside the industry's central policy effort and reducing its available runway in…...
Wall Street giants back $15M push to quantum-proof Bitcoin as the CLARITY Act nears a do-or-die deadline | CoinDesk Videos
23+ hour, 58+ min ago (567+ words) On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Charles Schwab Head of Crypto Research Jim Ferraioli, who breaks down the odds of a Fed hike, why he believes the CLARITY…...
Uphold reduces global headcount by 17% amid enterprise pivot
1+ day, 1+ hour ago (406+ words) Crypto trading platform Uphold said it cut roughly 17% of its global workforce as it reallocates resources toward its fast-growing enterprise business. Eight five people in total were affected by the cuts, and this included permanent staff and contractors. The layoffs,…...