Cameron Winklevoss to DCG Amid Their Crypto Lending Fight: ‘Good Luck’ Convincing a Jury
His Gemini crypto exchange and conglomerate Digital Currency Group are battling – in and out of court – over the failure of Gemini’s Earn lending service.
Visa Tests Way to Make Paying Ethereum Gas Fees Easier
Visa says managing ether (ETH) balance to cover gas fees is “burdensome” and too complex, according to a blog post.
Sam Bankman-Fried Could Go Back to Jail Thanks to His Big Fat Mouth
The fallen FTX founder didn’t just violate his bail — he violated the trust of his family’s last remaining allies.
PayPal’s Stablecoin Is No Libra. Why the Timing Feels Right
Like Facebook’s ill-fated Libra project, PYUSD is getting some pushback in Washington D.C. But its prospects seem more promising, says Michael J. Casey.
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.
Campaign-Finance Charges Are Back on the Menu
I didn’t really have anything prepared to write about this week but the Department of Justice is on it. Prosecutors told the judge overseeing Sam Bankman-Fried’s criminal trial that they intend to fold campaign finance allegations into a wire fraud charge, after announcing they would have to drop the campaign finance charge itself due to treaty obligations with the Bahamas.
Cathie Wood’s Ark 21Shares Bitcoin ETF Application Decision Pushed Out by SEC
The U.S. Securities and Exchange Commission (SEC) extended its review of the Ark 21Shares Bitcoin ETF application, as it continues to look at applications from traditional finance heavyweights like BlackRock and Fidelity.
Coinbase Layer 2 Base Overtakes Optimism in Daily Active Users as Friend.Tech Hype Soars
A grayed-out “airdrop” icon at the top of the Friend.Tech app suggests the platform will release a token.
First Mover Americas: A ‘Head-and-Shoulders’ Case for Altcoins
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said.