Category: Breaking

Earlier this month, Senate Majority Leader Chuck Schumer (D-N.Y.) told the audience at a “Crypto4Harris” virtual event that he hoped to shepherd crypto legislation through Congress and have President Joe Biden sign the bill into law by the end of 2024. It was a bold promise, one that on first blush seems like a hard pledge to fulfill.

Russia will begin trialing cross-border crypto payments next week to try to circumvent international sanctions – but this effort may not work, several policy and legal experts told CoinDesk.

U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market.

In 2022, a group of investors alleged that Elon Musk and his company had manipulated the price of dogecoin using their X (then Twitter) accounts.

Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit.

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Litecoin gained 2.4% while Bitcoin Cash rose 2% in overnight trading.

NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issued a Wells notice against OpenSea, claiming the NFT platform has violated securities law.

Company officials told CoinDesk this was its biggest acquisition to date, bringing on 42 developers and engineers from the Bware team and increasing Alchemy’s headcount to 210.

A recap of the crypto market from August 11th to 17th.