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New legislation is on the way to target mixers as money-laundering tools, according to Rep. Sean Casten, who also highlighted Tether as the favorite token for illicit finance. Democrats in the House of Representatives say they'll push a bill to target money laundering in crypto mixing services. (Jesse Hamilton/CoinDesk) A new bill from House Financial Services Committee Democrats is expected...
Bitcoin price on May 3 (CoinDesk) Bitcoin jumped nearly 5% following soft U.S. jobs data. The dovish Fed meeting results mean the U.S. dollar's surge likely topped, helping cryptocurrencies, Coinbase analysts said. Cryptocurrencies bounced on Friday led by bitcoin's(BTC)gain, sparking hopes that the worst of the drawdown might be over. BTC surged almost 5% to briefly above $62,000 during U.S....
The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, BlackRock’s head of digital assets said. Financial institutions are holding diligence and research conversations, with BlackRock playing an educational role, said Robert Mitchnick, the firm's head of digital assets. BlackRock has been talking about bitcoin to these sorts of...
Judge Richard Jones said he spent the weekend poring over the voluminous letters of support for the ex-CEO of Binance until the book they were contained in literally fell apart. Binance founder Changpeng Zhao, left, exits a Seattle courthouse after being sentenced to four months in prison. (Danny Nelson/CoinDesk) Ex-Binance CEO Changpeng Zhao may be off to federal prison for...
With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation. Europe is getting ready to enforce MiCA. (Danielle Rice/ Unsplash) European Union member states are gearing up to enforce MiCA, the landmark crypto law that requires national regulators to license and supervise service...
Stripe co-founder and President John Collison said, "crypto is finding real utility," in a keynote on Thursday. (Christophe Morin/IP3/Getty Images) Stripe will reintroduce crypto payments later this year, initially only for Circle's USDC stablecoin, on the Solana, Ethereum and Polygon blockchains. The fintech giant stopped supporting bitcoin in 2018 during the first crypto winter. 02:12 Bitcoin Price Crossed $57K; Is...
The massive sum is a “conservative measure” of Terraform Labs and Do Kwon’s ill-gotten gains, according to the SEC. Terraform Labs co-founder Do Kwon (CoinDesk TV and Jesse Hamilton/CoinDesk) The SEC asked a New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon to resolve the civil fraud case against them. The regulator says the...
After the halving, fees spiked to $146 for a medium-priority transaction and $170 for a high-priority transaction. (data.hashrateindex.com) Bitcoin transaction fees have significantly come down post-halving The floor price for the Runes NFT collection has also come down. Runes was supposed to be the tool that maintained fee revenue post-halving Bitcoin(BTC)started the week stable, changing hands above $65,800, as transaction...
Institutions launching bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the four-year slashing of the bitcoin reward — could be relatively muted? (Giovanni Calia/Unsplash) This year’s halving — the quadrennial slashing of the amount of new bitcoin(BTC)entering into circulation — may be the most important since the...
Some other catalyst needs to happen before bullish sentiment returns, says one trader. The Ether Trend Indicator. (CoinDesk Indices) BTC is up, trading above $64,000 while ETH prices continue to decline. The CD20 is flat, trading at 2,174. Ether(ETH)was changing hands just above $3,000 during the opening hours of the Asia trading day as the CoinDesk Indices Ethereum Trend Indicator...
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