AML Bitcoin Creator Found Guilty in Pump-and-Dump Case Linked to 'Casino Jack'
A federal jury in the Northern District of California on Wednesday convicted cryptocurrency entrepreneur Rowland Marcus Andrade of wire fraud and money laundering connected to the sale of a token called AML Bitcoin.
The charges stemmed from an initial coin offering Andrade conducted for AML Bitcoin in 2017 and 2018. Early court filings covered by CoinDesk alleged Andrade, a Texas resident, falsely told investors that AML Bitcoin tokens would ultimately be converted into a tradeable AML Bitcoin
Bitcoin's Role in DeFi Is 'Untapped Opportunity,' Binance Research Says
Bitcoin's (BTC) role in decentralized finance (DeFi) is growing as the world's largest cryptocurrency evolves from more than just a store of value, Binance Research said in a report Thursday.
The Bitcoin network is "evolving into a broader decentralized finance ecosystem with the emergence of Bitcoin DeFi," analyst Moulik Nagesh wrote.
This is a sector that "unlocks bitcoin's capital efficiency" with the use of financial applications focused on lending, staking, stablecoins and decentralized e
Gold Jumps to New Record, for Now Winning Debate Against Bitcoin As Risk-Off Asset
After the meekest of rallies yesterday following some soft inflation numbers, U.S. stocks Thursday are once again headed sharply lower and apparently pulling bitcoin (BTC) along for the ride.
Just ahead of the noon hour on the east coast, the Nasdaq is lower by 1.7% and the S&P 500 by 1.2% After pushing to nearly $85,000 on Wednesday, bitcoin has retreated all the way back to $81,000, off 1% over the past 24 hours.
Gold, though, is doing what it's been doing for a thousand years — providing a
Bitcoin, S&P 500 Struggle Below Key Technical Level in Sign of Further BTC Price Drops
Bitcoin (BTC) continued to struggle on Thursday as it fought to stay above $80,000. The largest cryptocurrency by market cap is currently down 3% on the day. It has declined 13% in the first quarter and is about 30% off its all-time high from January.
According to Glassnode data, short-term holders — investors who have held bitcoin for less than 155 days — are primarily considered speculators who tend to enter the market during price peaks or periods of market euphoria. Since February, they hav
U.S. Senate Takes First Big Step to Advance Stablecoin Bill
The U.S. Senate Banking Committee has advanced the crypto industry's stablecoin regulation bill, a first major step toward getting the effort to President Donald Trump's desk to be signed into law.
With its first committee approval, the bill that would regulate U.S. stablecoin issuers at the federal level now needs passage by the overall Senate, and a similar version also awaits approval in the House of Representatives. While a number of hurdles remain, including an eventual melding of the diff
MoonPay Buys Stablecoin Infrastructure Platform Iron in Latest M&A Deal
Cryptocurrency app MoonPay, has acquired Iron, an API-focused stablecoin infrastructure platform, the company said in a press release Thursday.
The acquisition will significantly increase Moonpay's enterprise offerings, the Miami-based company said, and will allow businesses to accept stablecoin payments.
No acquisition price was given, but a report said the deal was worth at least $100 million.
M&A activity in the crypto space is hotting up. Options exchange Derebit is in talks to be acquire
Memecoins have been in the news lately, primarily driven by the launch of the President’s $Trump coin. Recently, the U.S. SEC clarified that, for the most part, memecoins are not securities as they don’t meet the Howey test. That doesn’t mean clients won’t be asking questions about these assets, though.
So in today’s crypto for advisors, Janine Grainger from New Zealand-based Easy Crypto provides a breakdown of what memecoins are, how they work and the risks associated with them.
In late 2021, two DeFi DAOs — Fei Protocol and Rari Capital — embarked on what was supposed to be a transformative merger. The idea was simple: Fei, with its algorithmic stablecoin, would join forces with Rari, a pioneer in permissionless lending pools, to create a DeFi powerhouse governed by a single DAO. Their communities approved the merger with overwhelming support, and in December, Tribe DAO was born.
Nine months later, it was dead.
The Fei-Rari collapse sent shockwaves through the ecosys
Crypto's IRS Victory Reveals Reach in Congress That Demands Less Compromise
U.S. crypto lobbyists watched with excitement in recent days as a pair of votes cemented what they'd hoped: Congress is on their side.
The industry that battled with pariah status just three years ago has staunch allies now in the White House and inside the U.S. financial agencies, and the recent votes in the Senate and House of Representatives on an Internal Revenue Service rule demonstrate that their support among lawmakers runs deep. So many Democrats joined the sector's reliable Republican
Crypto's DeFi Education Fund Swaps Directors As Miller Whitehouse-Levine Moves on
One of the leading U.S. advocates for decentralized finance (DeFi), Miller Whitehouse-Levine, is departing his job as executive director of the DeFi Education Fund, where he'll be replaced by the group's chief legal officer, Amanda Tuminelli.
Whitehouse-Levine, a fixture in U.S. crypto circles, will remain on the organization's board, according to a Thursday announcement, and a person familiar with his plans said he'll be taking a not-yet-announced role that keeps him in the industry lobbying s
Bitcoin Miner IREN Upgraded to Overweight, Cipher Mining Cut to Neutral: JPMorgan
Wall Street bank JPMorgan (JPM) updated its bitcoin (BTC) miner price targets and estimates following fourth-quarter 2024 results and to account for changes in the bitcoin price and the network hashrate.
JPMorgan raised IREN (IREN), its top pick in the sector, to overweight from neutral, and cut its price target to $12 from $15. The shares were 2.7% higher at $7.23 in early trade.
Cipher Mining (CIFR) was downgraded to neutral from overweight, while the bank withdrew its $8 price target. The s
Circle Plans to Bring $1B Tokenized Treasury Issuer Hashnote Under Bermuda License
Circle Internet Group, Inc., the company behind the $58 billion USDC stablecoin, said on Thursday it plans to bring its recently acquired Hashnote Tokenized Money Market Fund (TMMF) under Bermuda’s regulatory oversight. The fund, which manages nearly $1 billion assets, will be incorporated into Circle’s existing Digital Assets Business Act (DABA) license, the company said in a press release.
Hashnote issues USYC, the largest tokenized money market fund, according to rwa.xyz data. By integrating
Trump Family Held Talks to Buy Stake in Binance.US: WSJ
A Trump family representative held talks to buy a stake in Binance's U.S. arm, according to a Wall Street Journal report on Thursday.
The stake could have been acquired through Trump-family backed crypto project World Liberty Financial, the report said, citing people familiar with the matter.
Steve Witkoff, a friend of the U.S. president, was involved in the deal talks, the report added. Witkoff and his family founded World Liberty Financial two months before Trump was elected President in Nov
No, the Stablecoin Bill Isn't Built for Billionaires
Sen. Elizabeth Warren (MA-D) recently sounded the alarm over new proposals on stablecoin legislation, claiming they’d give Elon Musk a “clear runway” to control U.S. money and payments.
If that sounds overly-dramatic, it’s because it is.
Here's what these bills actually do: the GENIUS Act and the STABLE Act aim to create responsible guardrails for stablecoins, ensuring consumer protection and financial stability while encouraging innovation. Far from handing the keys to a single billionaire, t
Stablecoins Are a Vital Innovation That Risk Being Crushed By Misguided Fear
Imagine a world where every dollar you spend is tracked, approved, or denied in real time by a government agency. You attempt to send money to a friend for a political donation, but the transaction is blocked because the recipient is on a government “watch list.” You buy a book critical of a powerful politician and your account is flagged for review.
This dystopian future sounds outrageous but it’s the logical endpoint of a fully government-controlled and monitored monetary system for which som
Solv Raises $10M for Bitcoin Reserve Offering to Drive Institutional BTC Finance Adoption
Bitcoin (BTC) staking platform Solv has raised $10 million for its Bitcoin Reserve Offering (BRO) as it aims to build a $100 million BTC reserve.
BRO merges aspects of traditional convertible bonds with crypto-native features to drive institutional adoption of BTC finance, according to an emailed announcement shared with CoinDesk on Thursday.
Solv is attempting to offer an "on-chain MicroStrategy" model, referencing the Michael Saylor-founded software company that now owns nearly 500,000 BTC.
Ether Sees Record Active Selling Over 3 Months: CryptoQuant
Ether (ETH) has fallen 43% year-to-date, it hit a 2025 high of $3,744 before dropping to its current level of $1,899. According to CryptoQuant CEO, Ki Young Ju, ether has experienced record levels of active selling over the past three months—the highest in the last five years.
CoinDesk research indicates that the ether-to-bitcoin (ETH/BTC) ratio has declined to a five-year low, while the four-year compound annual growth rate (CAGR) has turned negative against bitcoin.
Crypto Trading Volumes Dropped 20% in February As Tariffs Threats Fazed Investors
Crypto trading volumes dropped sharply in February as concerns that President Donald Trump's tariffs on Mexico, Canada and other countries would stifle international trade reduced investor demand for adding to risky investments.
Combined spot and derivatives trading volume on centralized exchanges fell 21% to $7.2 trillion, the lowest level since October, according to CoinDesk Data’s latest Exchange Review.
Since November, the Trump administration has threatened to impose tariffs on trading pa
Solana Proposal, Which Could Cut SOL Inflation By 80%, Gains Limited Validator Support
The Solana proposal, called SIMD-0228, which could cause a drastic drop in SOL's inflation rate, had the support of 37.8% of the network validators at press time.
Per Dune Analytics, 746 validators, equating to nearly 58% of the total active validators of 1334 have voted on the proposal. 37.8% voted in favor of the proposal, 18.5% were against, and 1.2% abstained from voting. Overall, the proposal seemed headed for a failure as of writing. Voting ends at Epoch 755 scheduled to be reached in abo