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Galaxy Digital-Owned Crypto Custody Specialist GK8 Unveils Tokenization Wizard
3.4.2024
The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 said
US Government Transfers Nearly $2B in Bitcoin to Coinbase, Arkham Data Reveals
2.4.2024
On April 2, 2024, the U.S. government executed a transaction involving nearly $2 billion in bitcoin (BTC), channeling the assets to Coinbase Prime, as Arkham Intelligence’s data reveals. The transfer comprised 30,174.70 BTC, successfully processed at block height 837,413, incurring a fee...
After Sam Bankman-Fried’s Sentencing, Spotlight Turns to Former FTX Associates
2.4.2024
After Sam Bankman-Fried was sentenced to nearly a quarter-century behind bars for his involvement in financial wrongdoings, Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh are up next to face consequences for their roles in the FTX debacle. The Uncertain Road Ahead for FTX’s...
Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds
1.4.2024
In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast...
China Expands Digital Yuan Accessibility Through Hardware Wallet Integration
1.4.2024
Bank of China’s Qingdao Branch, in collaboration with telecom and digital finance partners, introduces digital yuan hardware wallet and "deferred payment" model to simplify transit payments.
The post China Expands Digital Yuan Accessibility Through Hardware Wallet Integration appeared first...
Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
31.3.2024
This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March was Ethena’s USDE, soaring by 194.9% over...
Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study
31.3.2024
Families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in 91% of cases involving a transition from crypto...
Market Resilience Tested as NFT Sales Fall for Third Consecutive Week
30.3.2024
Sales of non-fungible tokens (NFTs) have dipped once more, marking the third consecutive week of decline, with a 14.97% decrease compared to the previous week. Leading the charge in this week’s sales from March 23 to March 30, Bitcoin NFT transactions amassed $82.61 million, despite...
Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin
30.3.2024
Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. debt spiral. The executive explained that the U.S. debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emphasized that implementing these measures could give...
$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded
29.3.2024
Web3 gaming app, Munchables, announced on March 27 that an individual who exploited the system agreed to return the stolen funds without a ransom demand. This announcement came just hours after a former developer siphoned off more than 17,400 ethereum coins by gaining access to the Munchables lock...
Capcom Asks Players If They Want Dragon’s Dogma 2 DLC
28.3.2024
Dragon’s Dogma 2 has only been out for a week but Capcom is already considering the possibility of adding content to the game in the future. The action-RPG has been met with widespread critical acclaim (and, yes, no shortage of player grievances), and it looks like the game’s publisher may want...
‘Eccentric’ Crypto Laundering Mastermind Dreamed of Being Anointed a Buddhist Goddess
28.3.2024
Zhimin Qian, the alleged mastermind behind the cryptocurrency laundering, dreamed of being anointed as a Buddhist goddess by the Dalai Lama. Qian also had plans to build a Buddhist temple, an airport, and a port in Danube, a fictitious micronation situated between Serbia and Croatia. Zhimin...
Digital Game Sales Continue Continue Killing Off GameStop, Analyst Says
27.3.2024
Video game and nerd culture retailer GameStop appears to be floundering once more. According to a Reuters report, the company recently laid off an unspecified number of employees after reporting a decline in earnings in the fourth quarter as physical sales fall and digital purchases rise.Read more
Bitcoin Mining Was More Profitable in February Than January: Jefferies
27.3.2024
Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the report said
First Mover Americas: HSBC’s Gold Token Introduced in HK
27.3.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for March 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Galaxy Digital Has Several Positive Catalysts in Play This Year: Canaccord
27.3.2024
The crypto firm’s fourth quarter was solid, and commentary about the performance through the end of February was even better, the report said
Russia Discusses Testing Digital Ruble for Budget Payments
27.3.2024
The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure...
Galaxy Digital's Strong Earnings Will Carry Into Current Quarter, Analyst Says
26.3.2024
Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, the report said
Galaxy Digital Reports 2023 Net Income of $296M Following Year-Earlier $1B Loss
26.3.2024
The reversal marks a thawing of the crypto winter that occurred in 2023
Turkey’s Misyon Bank Taps Taurus for Digital Asset Custody and Tokenization Services
26.3.2024
Turkey's Misyon Bank has announced its partnership with Swiss firm Taurus to leverage its digital asset custody and tokenization technology.
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