The X account of Animoca Brands co-founder Yat Siu, one of CoinDesk’s Most Influential 2024, was compromised and used to promote a fictitious token, the company said in a post on the social media platform. Animoca, a metaverse and gaming venture capital firm, posted a warning on its own account at 01:36 UTC on Thursday … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3333.82, down 5.0% (-176.57) since 4 pm ET on Wednesday. None of the 20 assets are trading higher. Leaders: ETH (-3.7%) and BTC (-3.7%). Laggards: HBAR (-8.2%) and APT … Read more
Six mutual funds tracking the price of bitcoin (BTC) will debut in Israel next week after the Israel Securities Authority (ISA) granted permission for the products, Calcalist reported on Wednesday. All six will start operations on the same day, Dec. 31, a condition imposed by the regulator, Calcalist said. Final approval for the funds was … Read more
Meme-turned-utility project Floki is working with an unidentified asset manager to develop an exchange-traded product (ETP) tracking its FLOKI token that could be available to investors in Europe early in the new year, one of the developers told CoinDesk. If approved, FLOKI would be the only meme token other than dogecoin (DOGE) with an institutional … Read more
This is the third in a series of stories examining the crypto industry’s high-stakes 2024 foray into politics and campaigning. The first explored the electoral track record of Fairshake PAC’s strategy and the second its intense use of a 2010 Supreme Court stance. The leaders of the companies responsible for the river of money that … Read more
One of the most significant emerging trends of 2024 has been the interplay between artificial intelligence (AI) and the crypto ecosystem. Historically this has primarily been on the infrastructure side, affecting various layers of the stack such as decentralized compute, storage and model training and inference. However, the last few months the crypto x AI … Read more
Trrue, a layer-1 blockchain focused on environmental, social and governance (ESG) compliance and real-world asset tokenization received a $10 million investment commitment from GEM Digital, the company said in a press release on Tuesday. The money will be used to accelerate the development of Ireland-based Trrue’s platform, the company said. GEM Digital is a Bahamas-based … Read more
The $308 million hack of Japanese crypto exchange DMM in May was the work of North Korean hackers, the U.S. and Japanese law enforcement agencies said Monday. The theft of 4,502.9 bitcoin (BTC), which is forcing the exchange to close, was “affiliated” with a group known as TraderTraitor, the FBI said in a statement with … Read more
In financial markets, the best entry opportunity is often fleeting and easily missed. Now, Solana’s SOL is flashing a timely second chance for those looking to trade bullish breakouts. The SOL price has surged over 7% this week to $193, rebounding off a former resistance-turned-support identified by the trendline connecting highs from March and July. … Read more
The Russian government imposed a six-year ban on crypto mining in 10 regions due to the industry’s high power consumption, Tass reported. The ban, which includes participation in a mining pool and temporary restrictions in other regions during periods of peak demand, takes effect Jan. 1 and ends March 15, 2031, Tass said, citing a … Read more