The CEO of the infamous Mt. Gox crypto exchange is re-entering the industry with a rating service. But is he in touch with the latest developments?; ether also falls. Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptos continued their recent dive amid growing concerns about inflation and recession. Insights: Former Mt. Gox CEO tries to reinvent himself with the ratings platform UnGox. Technician's take: BTC is not yet oversold and is roughly two days awa...

The CEO of the infamous Mt. Gox crypto exchange is re-entering the industry with a rating service. But is he in touch with the latest developments?; ether also falls. Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptos continued their recent dive amid growing concerns about inflation and recession. Insights: Former Mt. Gox CEO tries to reinvent himself with the ratings platform UnGox. Technician's take: BTC is not yet oversold and is roughly two days awa...

Crypto entrepreneur Sina Estavi bought Twitter founder Jack Dorsey’s first-ever tweet as an NFT for $2.9 million last year. He listed the NFT for sale again at $48 million last week. A non-fungible token (NFT) of Twitter founder Jack Dorsey’s first-ever tweet could sell for just under $280. The current owner of the NFT listed it for $48 million last week. Read more: Buyer of ‘Jack Dorsey Tweet’ NFT Is Out of Prison and Under Fire From Investors Iranian-born crypto entrepreneur Sina Estavi pur...

Crypto entrepreneur Sina Estavi bought Twitter founder Jack Dorsey’s first-ever tweet as an NFT for $2.9 million last year. He listed the NFT for sale again at $48 million last week. A non-fungible token (NFT) of Twitter founder Jack Dorsey’s first-ever tweet could sell for just under $280. The current owner of the NFT listed it for $48 million last week. Read more: Buyer of ‘Jack Dorsey Tweet’ NFT Is Out of Prison and Under Fire From Investors Iranian-born crypto entrepreneur Sina Estavi pur...

An early Olympus investor alleges he was cheated out of millions of OHM tokens when key smart contracts were rendered inoperable. A lawsuit filed Thursday in the U.S. District Court for Connecticut alleges that co-founders of the OlympusDAO decentralized finance (DeFi) project cheated an early funder out of nearly 4 million in OHM tokens, which are now worth at least $20 million. In what may be an unprecedented case testing the limits of pseudonymity in decentralized autonomous organizations ...

An early Olympus investor alleges he was cheated out of millions of OHM tokens when key smart contracts were rendered inoperable. A lawsuit filed Thursday in the U.S. District Court for Connecticut alleges that co-founders of the OlympusDAO decentralized finance (DeFi) project cheated an early funder out of nearly 4 million in OHM tokens, which are now worth at least $20 million. In what may be an unprecedented case testing the limits of pseudonymity in decentralized autonomous organizations ...

Holders remain unfazed and have been buying the token in recent weeks, an analytics firm said. Shiba inu (SHIB), a meme cryptocurrency, is seeing signs of green shoots in the form of investor interest in HODLing – crypto slang referring to buy and hold an asset for the long term.The number of "hodlers," or addresses holding the self-proclaimed dogecoin killer for more than a year, has jumped by a staggering 1,900% to 3,750 since late January, data tracked by blockchain analytics firm IntoTheB...

Holders remain unfazed and have been buying the token in recent weeks, an analytics firm said. Shiba inu (SHIB), a meme cryptocurrency, is seeing signs of green shoots in the form of investor interest in HODLing – crypto slang referring to buy and hold an asset for the long term.The number of "hodlers," or addresses holding the self-proclaimed dogecoin killer for more than a year, has jumped by a staggering 1,900% to 3,750 since late January, data tracked by blockchain analytics firm IntoTheB...

White House blames Russia's war on Ukraine for the extraordinary elevated inflation to be revealed by Tuesday's data from the Labor Department. The Biden administration is in a damage control mode ahead of the latest inflation data, which is likely to show the cost of living soared in March and bolster recession fears. "We expect March CPI headline inflation to be extraordinarily elevated due to [Russian President Vladimir] Putin's price hike," White House press secretary Jen P...

White House blames Russia's war on Ukraine for the extraordinary elevated inflation to be revealed by Tuesday's data from the Labor Department. The Biden administration is in a damage control mode ahead of the latest inflation data, which is likely to show the cost of living soared in March and bolster recession fears. "We expect March CPI headline inflation to be extraordinarily elevated due to [Russian President Vladimir] Putin's price hike," White House press secretary Jen P...

Griffith previously pleaded guilty to one count of conspiracy to violate international sanctions for giving a talk at a crypto conference in Pyongyang in 2019. Former Ethereum developer Virgil Griffith will serve 63 months in prison and pay a $100,000 fine for helping North Koreans use cryptocurrencies to evade sanctions. In September, Griffith pleaded guilty to one count of conspiracy to violate international sanctions against North Korea. Griffith was arrested in November 2019 after giving ...

Griffith previously pleaded guilty to one count of conspiracy to violate international sanctions for giving a talk at a crypto conference in Pyongyang in 2019. Former Ethereum developer Virgil Griffith will serve 63 months in prison and pay a $100,000 fine for helping North Koreans use cryptocurrencies to evade sanctions. In September, Griffith pleaded guilty to one count of conspiracy to violate international sanctions against North Korea. Griffith was arrested in November 2019 after giving ...

From Software never bowed to misguided attacks on its Souls games. That purity of vision has made them legends. The video game industry has been upended this year by the massive success of an open-world role playing game called Elden Ring. The game sold 12 million copies in its first two weeks, numbers Mark Serrels at CNET described as “ludicrous.” The sales are on pace with the bestselling games of all time, titles like Grand Theft Auto 5, Breath of the Wild or Red Dead Redemption 2. Elden R...

From Software never bowed to misguided attacks on its Souls games. That purity of vision has made them legends. The video game industry has been upended this year by the massive success of an open-world role playing game called Elden Ring. The game sold 12 million copies in its first two weeks, numbers Mark Serrels at CNET described as “ludicrous.” The sales are on pace with the bestselling games of all time, titles like Grand Theft Auto 5, Breath of the Wild or Red Dead Redemption 2. Elden R...

The paper signals that Senate Republicans are inching toward a more unified approach to crypto regulation. The policy arm of U.S. Senate Republicans has issued a policy paper on crypto, signaling the GOP is making its way toward a more unified approach to crypto regulation. The Senate Republican Policy Committee (RPC), chaired by U.S. Sen. Roy Blunt (R-MO), works to form legislative policy goals for the party, as well as provide research and analysis on a variety of subjects. The short policy...

The paper signals that Senate Republicans are inching toward a more unified approach to crypto regulation. The policy arm of U.S. Senate Republicans has issued a policy paper on crypto, signaling the GOP is making its way toward a more unified approach to crypto regulation. The Senate Republican Policy Committee (RPC), chaired by U.S. Sen. Roy Blunt (R-MO), works to form legislative policy goals for the party, as well as provide research and analysis on a variety of subjects. The short policy...

Unimaginable value is about to be unlocked by the advent of Web 3. The internet’s next chapter heralds a new economic paradigm, and these emerging technologies will enable new business models that will change the world. Harnessing these opportunities will be a defining challenge for all businesses over the next few decades. But at the same time, climate change is one of humanity’s biggest challenges and tackling it is the responsibility of every company. The need to deliver high-performance c...

Unimaginable value is about to be unlocked by the advent of Web 3. The internet’s next chapter heralds a new economic paradigm, and these emerging technologies will enable new business models that will change the world. Harnessing these opportunities will be a defining challenge for all businesses over the next few decades. But at the same time, climate change is one of humanity’s biggest challenges and tackling it is the responsibility of every company. The need to deliver high-performance c...

The financial services giant has been short on specifics, and the mystery underscores the difficulties in defining what belongs in such products; ether also falls. Good morning. Here’s what’s happening: Prices: Bitcoin and ether continue falling; other major cryptos are mixed. Insights: The holdings of HSBC's Metaverse Fund for Hong Kong and Singapore private banking clients remain unclear, underscoring a fundamental concern about such products. Technician's take: The current pullba...

The financial services giant has been short on specifics, and the mystery underscores the difficulties in defining what belongs in such products; ether also falls. Good morning. Here’s what’s happening: Prices: Bitcoin and ether continue falling; other major cryptos are mixed. Insights: The holdings of HSBC's Metaverse Fund for Hong Kong and Singapore private banking clients remain unclear, underscoring a fundamental concern about such products. Technician's take: The current pullba...

Bitcoin (BTC) briefly touched a five-week low around $38,547 early Monday, then bounced and ended the trading day higher. Good morning. Here’s what’s happening: Prices: Bitcoin dipped to a five-week low around $38,547 early Monday before bouncing back up above $40,000 later in the day. Insights: The size of the main swimmers in the crypto sea has changed. Technician's take: BTC appears to be oversold on intraday charts. Catch the latest episodes of CoinDesk TV for insightful interviews w...

Bitcoin (BTC) briefly touched a five-week low around $38,547 early Monday, then bounced and ended the trading day higher. Good morning. Here’s what’s happening: Prices: Bitcoin dipped to a five-week low around $38,547 early Monday before bouncing back up above $40,000 later in the day. Insights: The size of the main swimmers in the crypto sea has changed. Technician's take: BTC appears to be oversold on intraday charts. Catch the latest episodes of CoinDesk TV for insightful interviews w...

During a shortened week in traditional markets, with U.S. stock exchanges closed on Friday, bitcoin struggled for direction, hovering around $40K, while DOGE and SHIB experienced wild swings. The Market Wrap team is out of the office on Friday because it's a CoinDesk company holiday, with most traditional markets closed in the U.S. For the latest cryptocurrency prices, please go here, and for the latest news headlines, please go here. Even so, we worked in advance to put together some re...

During a shortened week in traditional markets, with U.S. stock exchanges closed on Friday, bitcoin struggled for direction, hovering around $40K, while DOGE and SHIB experienced wild swings. The Market Wrap team is out of the office on Friday because it's a CoinDesk company holiday, with most traditional markets closed in the U.S. For the latest cryptocurrency prices, please go here, and for the latest news headlines, please go here. Even so, we worked in advance to put together some re...