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A Seoul court sentenced the pair to a combined eight years in jail and said a “significant amount” of Bitsonic user funds is still missing. BlackRock’s iShares Bitcoin Trust exchange-traded fund (ETF) has made it into the top 0.16% of all United States-issued ETF products. The spot Bitcoin ETF has topped $3.19 billion in inflows, according to Feb. 5 data...
A malicious actor claims they have a “KodexGlobal” account, allowing them to issue emergency data requests (EDRs) to several major crypto and social media platforms. An online hacker claims they have access to a law enforcement request account, “KodexGlobal,” allowing buyers to subpoena user information from Coinbase, Binance, Chainlink and other firms. Accordingto ablogupdated on Feb. 4, cybercrime solutions provider...
The federal indictment doesn't identify Sam Bankman-Fried's FTX as the pilfered company, but Bloomberg reported that's who it was. FTX's Sam Bankman-Fried exiting a federal courthouse in New York last year. (Nikhilesh De/CoinDesk) The U.S. federal government on Wednesday charged three people with a yearslong phone hacking conspiracy that culminated in the infamous theft of $400 million from FTX as...
The British bank expects the SEC will treat spot ether ETF applications similarly to bitcoin ETFs and anticipates approvals on May 23. Ether prices seen rising ahead of ETF approval (Unsplash) Ether(ETH), the second-largest cryptocurrency by market value, could rise nearly 70% from current levels and hit $4,000 by May as applications for spot-based exchange-traded funds (ETF) will likely win...
(Kyle Glenn/Unsplash) The much-awaited approval of spot bitcoin [BTC] exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) can give unprecedented momentum for similar regulatory approvals in and around Asia, even if some regions may not necessarily or immediately be able to create the ideal policies for such a move, multiple analysts have told CoinDesk. U.S. basedindustry analysts...
Bitcoin ETF Flows Show Negative Trend For First Time Since Launch Outflows at Grayscale’s GBTC have remained high while inflows for the other funds as a group have slowed. Bitcoin ETF net inflows have slowed (Mediamodifier/Pixabay) The group of recently launched spot bitcoin exchange-traded funds (ETFs) are seeing combined negative flows for the first time since they opened for trade...
Bitcoin price is trading at levels few analysts anticipated. Could this week’s $4.5 billion options expiry help change the trend? Bitcoin’s price traded below the $40,000 support on Jan. 18 for the first time in 50 days, and the upcoming $4.5 billion BTC monthly options expiry on Jan. 26 might hold the key to whether the downtrend will continue. Oddly...
Terraform Labs co-founder Do Kwon (CoinDesk TV) Terraform Labs Pte. has filed a voluntary petition in Delaware for Chapter 11 bankruptcy, according to documents filed on Jan. 21. The embattled cryptocurrency firm behind the failed stablecoin TerraUSD declared in the filing it has between $100 to $500 million in estimated assets and the same amount in liabilities. TerraUSD, a dollar-pegged...
The newly launched bitcoin exchange-traded funds already have nearly $30 billion in assets under management. Silver ETFs only have $11 billion. Bitcoin ETFs had more assets than silver ETFs the instant the SEC approved them last week. (Scottsdale Mint/Unsplash) Silver has existed since dying stars started spewing the metal out billions of years ago. Bitcoin is 15 – but it’s...
The successor to Saga will have new hardware and a cheaper price point, according to a person familiar with the plans. The Saga smartphone. (Danny Nelson/CoinDesk) Solana Mobile plans to launch a second smartphone as it looks to ride the unlikely success of its first crypto-ready smartphone, a person familiar with the matter said. The upcoming phone will have the...