Live Wire

Live Wire

Live Wire

May 16th

Atmosphere
Technology

Protocol Village: FLock.io to Merge Decentralized AI Training With Morpheus 'Smart Agents'

The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 16-22.

May 16, 2024

(White House, modified by CoinDesk)
Policy

Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it

President Biden's emergency order to halt the Chinese-tied mining on the doorstep of a nuclear-missile base hit days after mining giant CleanSpark struck a deal to buy the pro...

May 16, 2024

Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday. (Alpha Photo/Flickr)
Finance

Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin

The stock was the second worst performing among crypto stocks on Thursday.

May 16, 2024

Solana Hacker House in Miami (Danny Nelson/CoinDesk)
Finance

Solana Meme Coin Factory Pump.Fun Compromised by 'Bonding Curve' Exploit

The exploiter may not be making any money from the attack.

May 16, 2024

Chainlink co-founder Sergey Nazarov speaks at the project's SmartCon conference this week in Barcelona. (Chainlink)
Finance

DTCC, Chainlink Complete Pilot to Accelerate Fund Tokenization with JPMorgan, Templeton, BNY Mellon Participating; LINK Gains 7%

The aim of the Smart NAV pilot was to test a process to bring and disseminate fund data on multiple blockchains, a key step for tokenization.

May 16, 2024

U.S. Capitol Building (Jesse Hamilton/CoinDesk)
Policy

U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat

A dozen Democrats joined 48 Republicans in voting to repeal SAB 121.

May 16, 2024

The exploit on Ethereum allegedly worked by tricking ultra-fast crypto trading bots. (Shutterstock, modified by CoinDesk)
Technology

How MIT Brothers Allegedly Cheated a Noxious-But-Accepted Ethereum Practice for $25M

First came "The Bait." In an indictment, U.S. prosecutors detailed the incredibly complicated Ethereum exploit – in which attackers targeted the controversial area of "maximal...

May 16, 2024

paris, france
Policy

French Securities Regulator Warns Investors Against Crypto Exchange Bybit

The exchange has been blacklisted by the AMF since May 2022 for non-compliance with French regulations.

May 16, 2024

Deputy Treasury Secretary Adewale Adeyemo (Consensus/ShutterStock)
Policy

U.S. Treasury Says It Wants to Better Money Laundering Regulations Around Crypto, Other Illicit Finance

The Department released its 2024 strategy for addressing illicit financing on Thursday.

May 16, 2024

(rc.xyz NFT gallery/Unsplash)
Opinion

Crypto Custody for Advisors

Financial advisors seeking to navigate the crypto custody landscape must understand the full spectrum of crypto custody options, balancing innovation with risk management to o...

May 16, 2024

Free Alex Pertsev poster spotted outside the courthouse (Jack Schickler/CoinDesk)
Policy

Crypto Community Voices Outrage at Tornado Cash Developer Verdict

Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering.

May 16, 2024

Bitcoin Mining Cost Estimate Drops to $45K as Inefficient Miners Exit: JPMorgan. (Shutterstock)
Markets

Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan

The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.

May 16, 2024

(Leland Bobbe/Getty)
News Analysis

As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency's Long-Term Prospects Even Among Conservative Pros

Wisconsin's state pension put $160 million into BlackRock and Grayscale's Bitcoin ETFs, showing even risk-averse investors are able to embrace crypto and possibly presaging a...

May 16, 2024

HUT 8 Mining Upgraded to Buy at Craig-Hallum. (hut8.io)
Markets

Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum

The miner’s bitcoin stash is a protective feature for investors and opportunistic capital for the business to use for growth, the report said.

May 16, 2024

Coins (Micheile Henderson/Unsplash)
Finance

Telegram-Based Notcoin Debuts at $1B FDV on Ton Blockchain

4.5% of the supply had been set aside for users on Binance Launchpool and OKX Jumpstart.

May 16, 2024

Christopher Brummer (right) , a professor known for running a prominent financial policy conference in Washington, is starting a crypto disclosure company. (Nikhilesh De/CoinDesk)
Policy

Leading Crypto-Policy Academic in Washington to Open Disclosure Firm Bluprynt

Georgetown Law professor Christopher Brummer is leaping into crypto disclosure services as CEO of the new company, backed by Robinhood and a former PayPal chief.

May 16, 2024

The Fordefi team (Fordefi)
Finance

Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re

Insurance broker Lockton’s Emerging Asset Protection (LEAP) team helped organize the Munich Re deal.

May 16, 2024

BTC price, FMA May 16 2024 (CoinDesk)
Markets

First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom

The latest price moves in crypto markets in context for May 16, 2024.

May 16, 2024

(Shutterstock)
Policy

India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters

The Securities and Exchange Board of India's position was made to a government panel that could submit its report to the Finance Ministry by June, the report said.

May 16, 2024

ETH/BTC hits a three-year low. (TradingView/CoinDesk)
Markets

Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here's Why

"Ether is a 'lightning rod' for negative sentiment from crypto native and external players and has several weak spots," one observer said.

May 16, 2024