CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole

Curve CEO Michael Egorov pledged 34% of CRV’s total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling.

By Krisztian SandorSage D. YoungSam KesslerDaniel Kuhn

Jul 31, 2023 at 9:44 p.m. UTC

U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations

Heart raised over $1 billion across three different unregistered securities offerings, the SEC alleged.

First Mover Asia: BTC, ETH Stable While COMP and AAVE in the Red

Curve Founder Michael Egorov’s $168M in holdings is under stress, imperiling DeFi as a whole. PLUS: The Litecoin Foundation and crypto cold-storage card manufacturer Ballet HAVE teased a sale of 500 collectable cards – fashioned from 50 grams of fine silver.

Aug 1, 2023 at 1:06 a.m. UTC

Coinbase’s New Base Blockchain Gobbled Up $68M in Ether, and It’s Not Even Officially Live Yet

Meme coin BALD’s 4,000,000% surge seemed to spark the huge inflows to the nascent crypto bridge.

As Litecoin Halving Approaches, Founder Touts Silver Collector Cards Loaded With ‘Digital Silver’

Litecoin’s third “halving event” – a programmed 50% reduction in the pace of new issuance of the cryptocurrency – is expected on Wednesday.

Bitcoin Lingers Near $29.2K, as Investors Mull Latest Industry Woes; CRV Sinks 12.5%

Bitcoin was outperforming most major altcoins. SOL, TRX and MATIC were off more than 2%.

DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon

Digital Currency Group comments on the restructuring in an investor letter.

Jul 31, 2023 at 5:27 p.m. UTC

Curve Finance Drained of $50M While CRV Token Sinks 12% in Latest DeFi Exploit

More than $100M-worth of cryptocurrency could be at risk due to a bug impacting Curve, a stablecoin exchange at the center of Ethereum’s DeFi ecosystem.

Chevrone Right IconChevrone Right Icon

Wrapping Up Consensus 2023

Missed Consensus 2023? Catch up on some of the most important conversations here.

May 4, 2023 at 9:39 p.m. UTC

Discovery

CoinDesk Podcast Network

Curve Finance Falls Victim to Latest DeFi Exploit; Coinbase CEO Addresses SEC’s Recent Moves

The most valuable crypto stories for Monday, July 31, 2023.

Jul 31, 2023

RWA Tokenization: What Does it Mean to Tokenize Real-World Assets?

Traditional finance giants are excited about the idea of putting ownership of assets like precious metals, art, homes and more on the blockchain.

Jul 25, 2023

CoinDesk’s Money Reimagined

The ‘Perfect Storm’ of WorldCoin and Economic Empowerment Through Bitcoin Mining

A walk through the latest crypto news concerning privacy, security, and Elon’s “everything app” to what’s emerging in bitcoin mining that could be a game changer for lower socio-economic communities all while remaining eco-friendly.

Jul 26, 2023

Consensus Magazine

The Untold Story of Worldcoin’s Launch: Inside the Orb

Is Sam Altman’s UBI startup a smart countermeasure to AI, or a privacy nightmare? Jeff Wilser reports.

Jul 24, 2023

Understanding Ripple, XRP and the SEC Suit

We explain the difference and connections between Ripple and XRP and the history and the state of the SEC’s case against Ripple.

Mar 29, 2022

Consensus Magazine

Tokenize Everything: Institutions Bet That Crypto’s Future Lies in the Real World

Long one of crypto’s big ideas, tokenization may finally be ready for prime-time. Wall Street is diving in, creating tokens for everything from buildings to gold bars. One advantage: relatively little regulatory scrutiny. Jeff Wilser reports.

Jul 18, 2023

Trending in Crypto

First Mover Asia: BTC, ETH Stable While COMP and AAVE in the Red

Aug 1, 2023

Crypto Update | DeFi Exchange Curve Finance Exploit Leaves $100M of Cryptocurrency at Risk

Jul 31, 2023

First Mover Americas: Curve Finance Exploit Puts More Than $100M of Crypto at Risk

Jul 31, 2023

First Mover Asia: Bitcoin Climbs Back to $29.4K; Crypto’s Correlation With Tech May Return

Jul 31, 2023

Featured Story | Chainalysis Investigations Lead Is ‘Unaware’ of Scientific Evidence the Surveillance Software Works

Jul 30, 2023

CoinDesk Turns 10

CoinDesk Turns 10: The Legacy of Mt. Gox – Why Bitcoin’s Greatest Hack Still Matters

The fall of the Japanese exchange in 2014 caused 750,000 bitcoin to go missing, putting crypto’s future in doubt. The event reverberates to this day, says Jeff Wilser.

May 4, 2023 at 3:13 p.m. UTC

CoinDesk Turns 10 – 2020: The Rise of the Meme Economy

May 11, 2023 at 4:10 p.m. UTC

CoinDesk Turns 10: 2022 – How Crypto Gods Turn Into Monsters

Jun 1, 2023 at 5:27 p.m. UTC

CoinDesk at 10: The Ghost of Libra Lives On

May 25, 2023 at 8:36 p.m. UTC

Policy

Policy

IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

The latest tax guidance from the Internal Revenue Service outlines how and when staking rewards are taxed.

Jul 31, 2023

Policy

Judge Rejects Ripple Ruling Precedent in Denying Terraform Labs’ Motion to Dismiss SEC Lawsuit

Terraform Labs argued that there was no contract in the sale of UST to retail investors.

Jul 31, 2023

Policy

DeSantis Accuses Biden of ‘War on Bitcoin,’ Vows to Stop It if Elected President

DeSantis is likely referring to the recent action by the Securities and Exchange Commission (SEC) against multiple crypto exchanges.

Jul 31, 2023

Policy

U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations

Heart raised over $1 billion across three different unregistered securities offerings, the SEC alleged.

Jul 31, 2023

Policy

Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report

Jeju, Busan and Incheon are in the running to be considered.

Jul 31, 2023

Policy

Binance’s Activities Are Illegal in Nigeria, Securities Regulator Says

The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors.

Jul 31, 2023

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