NFT Cipher

Turkey has an obsession with crypto — Specifically Dogecoin: Study
A new study reveals Turkey is in second place for crypto-related searches worldwide and first place for Dogecoin-related searches.

OpenSea Again Changes Course on NFT Royalties After More Creator Pushback

Amid complaints over its “malware” tool, as Art Blocks CEO Erick Calderon called it, the top NFT marketplace revises its stance.

FTX Revival Proposal Supported by Sam Bankman-Fried Lifts FTT Token

Sam Bankman-Fried came out in support of crypto influencer Ran Neuner's FTX revival idea, sending the exchange's battered FTT tokens higher.

Grayscale, in the Spotlight as GBTC Discount Widens, Says DeFi Fund Now Trading

The debut of the "DEFG" fund in over-the-counter markets comes as Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), is under distress and at the center of crypto-market speculation.

First Mover Americas: It’s Time to Come Clean About Those Crypto Losses

The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 9, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Sam Bankman-Fried Agrees to Testify in Front of US House Financial Committee

The chair of the House Financial Services Committee, Maxine Waters, said SBF's attendance was "imperative."

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FTX Bankruptcy Managers Hire Forensic Investigators AlixPartners: WSJ
The team, led by former SEC accountant Matt Jacques, is tasked with tracking billions of dollars that disappeared from FTX.

Senate Committee to Subpoena FTX's Sam Bankman-Fried if He Does Not Testify Voluntarily
The Senate Banking Committee is "prepared" to subpoena FTX founder Sam Bankman-Fried if he does not voluntarily appear at a committee hearing about the collapse of FTX, its leaders said Wednesday.

Ether Breaks Trendline From Previous Bear Cycle Lows
The breakdown of the ascending trendline corresponding with previous bear market lows looks horrible, one portfolio manager said.

First Mover Americas: Mr. Bankman-Fried Must Go to Washington
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 8, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

DeFi Protocol Sushi Proposes 'Immediate' Action to Support Its Treasury

Developers proposed to divert 100% of fees generated on the platform to SushiSwap’s multisig for one year or until new tokenomics are implemented.

Binance Generates 90% of Revenue From Transaction Fees, Changpeng Zhao Says
Cryptocurrency exchange Binance generates 90% of its revenue from transaction fees, CEO Changpeng "CZ" Zhao said.

An Interview with Minima Co-Founder Paddy Cerri

First Mover Americas: Grayscale in Investor's Crosshairs

The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 7, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Early Bitcoin Pioneer Ian Freeman Goes to Trial in New Hampshire

CONCORD, New Hampshire — Federal prosecutors say early bitcoin pioneer and Libertarian activist Ian Freeman and a group of his associates helped scammers and other criminals launder more than $10 million using bitcoin through a network of bitcoin vending machines and in-person and virtual cash-for-bitcoin trades from 2016 until their arrests in 2021.

Early Bitcoin Pioneer Ian Freeman Goes to Trial in New Hampshire

Freeman is facing eight counts related to tax evasion and operating an unlicensed money transmitting business.

Stablecoin Issuer Circle Scratches Plan to Go Public; Reddit's Avatar Tokens Set Minting Record

"The Hash" group unpacks the top stories moving the crypto markets today, including Circle terminating its agreement with special-purpose acquisition company Concord Acquisition Corp., thereby stepping back from its plan to go public. Plus, Collectible Avatars, Reddit's set of art tokens based on the Polygon blockchain, set a minting record over the weekend, according to data from Dune Analytics.

Maple Finance Severs Ties With Orthogonal Trading, Alleging It Misrepresented Financial Position
Orthogonal Trading was due to pay back a $10 million USDC stablecoin loan on Dec. 4.

GoodCrypto Closes Pre-Seed Round to Build the Ultimate Trading Terminal for Decentralized Exchanges

First Mover Americas: Axie Infinity's Token Takes Off
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 5, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Lags as Unwinding of 'Fed Trade' Lifts US Stocks Above 200-Day Average
Bitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets.

First Mover Americas: Bitcoin Stays Near $17K Ahead of Jobs Report

The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 2, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

DeFi Protocol Ankr to Reimburse Users Affected by $5M Exploit

The attacker was able to mint 6 quadrillion aBNBc tokens, which they eventually turned into around 5 million USDC.

Galaxy Digital Wins Auction to Buy GK8 From Bankrupt Crypto Lender Celsius

GK8, the self-custody platform bought by Celsius over a year ago, was put on the block following Celsius's bankruptcy.

Bitcoin Slips as US Economy Added a Strong 263K Jobs in November

Prosecutors Seeking Arrest Warrant for Terraform Labs' Daniel Shin: Yonhap
Terraform Labs' co-founder is being charged with violating the Electronic Financial Transaction Act, according to media reports.

EU Crypto, NFT Providers Must Report Tax Details Under Leaked EU Plan
A draft bill seen by CoinDesk also covers stablecoins, crypto derivatives and companies outside the bloc.

Perpetuals-Focused Decentralized Exchange GMX Surpasses Uniswap in Daily Fees Earned

On Monday, GMX earned $1.15 million in trading fees, surpassing Uniswap's $1.06 million for the first time on record.

Bitcoin Rises Toward $17K; BlockFi Has $355M in Crypto Frozen on FTX

Crypto lender BlockFi has about $355 million in cryptocurrencies currently frozen on defunct crypto exchange FTX. CoinDesk's Nikhilesh De discusses the latest developments uncovered during BlockFi's first day in bankruptcy court. Howard Fischer, former SEC senior trial counsel and current partner at Moses Singer, shares his thoughts on the legal proceedings. Plus, former AAX Vice President Ben Caselin, who has resigned amid the crypto exchange's withdrawal halt, joins the conversation. And, a crypto markets analysis with Bilal Little of DFD Partners.

Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan
DeFi protocols rely heavily on centralized exchanges to be able to function and it would likely take a long time until price discovery shifts from centralized to decentralized exchanges, JPMorgan said.

Crypto Exchange Kraken Settles Case With US Treasury Over Serving Customers in Iran
Kraken has agreed to pay $362,159 to settle its potential liability for violating U.S. sanctions.

BlockFi Files for Bankruptcy as FTX Contagion Spreads

Bankrupt Crypto Lender BlockFi Sues Bankman-Fried for Robinhood Shares, FT Reports
SBF, through his Emergent Fidelity Technologies, had pledged his stake in the online trading company as collateral for a loan.