Attorneys for Ira Kleiman and W&K Info Defense Research, LLC began to paint an unflattering portrait of Craig Wright, his business practices and interpersonal dealings in court Tuesday and Wednesday. It started with former Bitcoin developer Gavin Andresen, who testified that Wright – the Australian computer scientist best known for his much-debated claim to be […]

Global venture capital funding into cryptocurrency and blockchain reached an all-time high of $6.5 billion in the third quarter of 2021, surpassing the updated second-quarter total of $5.2 billion, according to a new report from market intelligence firm CB Insights and its subsidiary Blockdata. For the quarter, there were a staggering 286 crypto deals recorded, […]

Exchange-traded fund (ETF) issuer Direxion has withdrawn its application to the U.S. Securities and Exchange Commission (SEC) to list a short bitcoin futures fund. On Tuesday, Direxion requested the SEC to withdraw the ETF application it made on Oct. 26. SEC staff had asked for the filing be withdrawn on the day it was filed. […]

Stablecoins have a hegemonic hold over the crypto derivatives space. Most of the perpetual contracts across the CEX.IO cryptocurrency exchange are priced in stablecoins, and all contracts on the FTX exchange are USD margined. Likewise, all perpetuals on decentralized finance (DeFi) derivative protocols like Perpetual Protocol and DYDX are USD linear contracts. This is the […]

A group of former employees and shareholders of Ethereum development firm ConsenSys are alleging that the ConsenSys AG, led by billionaire Joseph Lubin, improperly valued key assets in its portfolio prior to an asset transfer involving banking giant JPMorgan. According to documents seen by CoinDesk, the group intends to request that a Swiss court review […]