US


Finance

Ex-OpenSea Executive Files to Dismiss DOJ Case Alleging NFT Insider Trading

Nathaniel Chastain's motion says NFTs cannot be classified as securities or commodities, a requirement for wire fraud charges.

OpenSea is preparing for the possibility of an extended crypto downturn. (OpenSea/CoinDesk, modified PhotoMosh and BeFunky)

Policy

FDIC Orders Crypto Exchange FTX US, 4 Others to Cease 'Misleading' Claims

The five companies "made false representations" suggesting crypto products might be FDIC-insured.

FTX US President Brett Harrison (Danny Nelson/CoinDesk)

Policy

Crypto Lender Celsius' Collapse Into Bankruptcy Should Be Probed, US Says

Some of the highest-profile and controversial bankruptcies in history, including Enron's and Lehman Brothers', have included the appointment of an independent examiner.

Celsius founder and CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Finance

US Extradites Alleged Crypto Money Launderer From Netherlands

Denis Mihaqlovic Dubnikov is scheduled to face a five-day jury trial beginning on Oct. 4

(Shutterstock)

Markets

US Federal Reserve Minutes Show More Rate Hikes Coming, Concern About Stablecoin Risks

Bitcoin and other cryptocurrencies had little to no reaction to the central bank release.

Bitcoin and ether traded slightly higher following Fed Chairman Jerome Powell’s latest comments on inflation and the economy. (Jesse Hamilton/CoinDesk)

Finance

Bitcoin Miner Stronghold Digital Significantly Restructures Debt

The bitcoin miner said negotiations with its lenders were the reason for the delays in releasing its second-quarter earnings report.

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left). 
(Stronghold Digital Mining)

Policy

Tornado Cash US Ban Is ‘Bad Precedent,’ but Monero Was ‘Made for This’: Cake Wallet Exec

Justin Ehrenhofer, vice president of operations at Cake Wallet, joined CoinDesk TV’s “First Mover,” to discuss the implications of government regulation when it comes to privacy coins.

"It's a bad precedent," Justin Ehrenhofer, vice president of operations at Cake Wallet, said regarding the recent sanctions of Tornado Cash, on CoinDesk TV's "First Mover."

Finance

Tornado Cash's Discord Appears to go Dark

The crypto mixer's website seems to be offline for some users as well.

(Nikolas Noonan/Unsplash)

Finance

Bitcoin Miner Genesis Digital Locks In 708 MW of Energy for Mining

The power capacity of the mining company is spread across sites in west Texas, as well as North and South Carolina.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

Policy

California Man Must Pay $61K in Restitution for SIM Swap Scam That Stole One Victim's Crypto

The swindle defrauded Apple and targeted at least 40 people.

(Shutterstock)