Crypto Exchange CoinList Settles OFAC’s Russian Sanctions Allegations for $1.2M
CoinList did not detect users who claimed to be from non-embargoed countries, but provided addresses in Crimea, OFAC said.
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Cronos, Partner of Crypto.com, to Start Layer 2 Network With Matter Labs
The new “Cronos zkEVM chain” is launching initially as a test network, based on Matter Labs’ software tools, which can be used to spin up new layer 2 and layer 3 “hyperchains” atop Ethereum.
JPMorgan Is Cautious About Crypto Markets Into 2024
Ether is expected to outperform bitcoin and other cryptocurrencies next year due to the Ethereum blockchain’s EIP-4844 upgrade, the report said.
ARK Sells $42.6M Coinbase Shares as COIN Hits 20-Month High
The firm has sold over $150 million worth of stake in COIN since Dec. 5.
Total Value of Cardano DeFi Ecosystem Nears $450M Amid Layer 1 Push; ADA Rockets 17%
The total value locked (TVL) of all Cardano-based tokens jumped to over $440 million late earlier this week, crossing a previous peak of $330 million set in April.
Bitcoin’s Bull Run Has Plenty of Steam Left, These Indicators Suggest
Key indicators tracking Bitcoin’s blockchain activity, miner flows and the 200-day moving average suggest bitcoin is far from being overvalued and could continue to rally in 2024.
Meme Coin BONK Spikes 40% on Coinbase Listing
Prices reversed nearly all losses from last week following the announcement. BONK traded at $0.000014 on Thursday morning, with a trading volume of over $235 million.
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers’ Recoveries
A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer’s funds from the failed crypto firm’s estate.
CFTC Pushes FTX-Inspired Rule to Protect Customers’ Money
(Jesse Hamilton/CoinDesk)