Altcoins

Altcoins

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Crypto Markets Today: US Regulation Heats Up; Bitcoin Rises, Then Falls

Top cryptocurrencies lost earlier gains after the Federal Reserve signals interest rates to keep rising well into 2023.

The new Congress will arrive for work at the U.S. Capitol on Jan. 3. (Jesse Hamilton/CoinDesk)

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First Mover Asia: Busan as Blockchain Hub? The Korean City Is Traveling the Wrong Path; No Bail for Bankman-Fried

Busan wants to integrate blockchain technology into all facets of government service and create the first city-run crypto exchange; bitcoin embraces encouraging CPI to rise over $17.7K.

Busan is South Korea's second-largest city after Seoul. (Getty Images)

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Crypto Markets Today: Sam Bankman-Fried Hearing Tops Another Troubling Day

But prices rose on U.S. inflation data that was more favorable than expected.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

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First Mover Asia: QCP Capital Founder Sees Crypto Industry’s Immediate Future Tied to Genesis Debacle, Expects Rebound in 2024

During a panel discussion at Taipei Blockchain Week, Darius Sit noted continued institutional adoption of the crypto options and derivatives market, among industry high points; bitcoin rises; Bahamas announces the arrest of former FTX CEO Sam Bankman-Fried

QCP Capital co-founder Darius Sit speaking at Korea Blockchain Week. (Shaurya Malwa/CoinDesk)

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Crypto Markets Today: Binance a Target of Federal Probe

The Block confirmed Friday it had received funding from Sam Bankman-Fried’s trading arm for two years.

Logo 3D de Binance impreso en dorado. (Rob Mitchell/CoinDesk)

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First Mover Asia: Uniswap ‘Fee Switch’ Proposal for Popular Ether Pools Stirs Up Community Debate

Some see the proposed pilot project as an “important step,” while others say it may lead to reduced trading activity; bitcoin holds steady over $17K as latest inflation data and FOMC meeting approach.

Uniswap unicorn balloon

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Crypto Markets Today: Exposed Alameda Research Loans to Media Site The Block and Its CEO Adds to FTX’s Miseries

The Block confirmed Friday it had received funding from Sam Bankman-Fried’s trading arm for two years.

AI Artwork SBM Sam Bankman-Fried (DALL-E/CoinDesk)

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Crypto Markets Today: Record Grayscale Bitcoin Trust Discount Widens Industry Woes

The fallout from crypto exchange FTX’s implosion continued as data showed the GBTC discount rate to bitcoin hitting a record high.

Grayscale at Conesnsus 2016

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First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings

Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much.

Sino Global Capital founder Matthew Graham. (CoinDesk TV)

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Crypto Markets Today: Gensler Restates SEC’s Crypto Authority

The chairman said the agency has the basic disclosure and governance requirements to hold digital-asset firms accountable, although he did not address the fallout from crypto exchange FTX’s collapse.

SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)