The U.S. Department of Justice will drop part of one count of its case against Tornado Cash developer Roman Storm due to a recent policy memo, the agency said Thursday. The DOJ will not go to trial on a charge alleging Storm failed to comply with money transmitter business registration rules, but still plans to […]

Banks need to be part of crypto for stablecoins to succeed—that was the message from Jose Fernandez da Ponte, PayPal’s senior vice president of digital currencies, during a panel discussion at Consensus 2025 in Toronto. “It might sound counterintuitive, but you do want the banks in this space,” Fernandez da Ponte said, adding that their […]

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 3216.65, down 2.4% (-79.51) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: BTC (-0.9%) and LTC (-1.8%). Laggards: NEAR (-5.7%) and POL […]

ARK Invest didn’t wait around to add eToro (ETOR) to its portfolio. Cathie Wood’s St Petersburg, California-based investment management company bought 140,000 shares in eToro on the stock-and-crypto trading platform’s Nasdaq debut on Wednesday. ARK’s ETOR allocation is worth just under $9.4 million, based on the closing price of $67. The shares rose 29% on […]

As the stablecoin competition is heating up with looming regulation in the U.S., traditional finance institutions are taking notice—largely out of fear of losing out to digital dollars, said Ben Reynolds, BitGo’s managing director of stablecoins, at Consensus 2025 in Toronto. Speaking at a panel discussion, he said that BitGo’s recently launched stablecoin-as-a-service has seen […]