German Regulator Seizes Crypto ATMs

Germany's financial regulator BaFin is seizing bitcoin ATMs run by "Shitcoins Club" months after ordering its operator to cease trading crypto.

Blockchain Bites: Bulls Reborn, Backrunning Bots, Bitmain Blowout

Ethereum Classic was hit with another 51% attack and Instagram is seeing a proliferation of crypto scams.

Bitcoin News Roundup for Aug. 6, 2020

With bitcoin prices surging and a quick look at crypto lawsuits, CoinDesk's Markets Daily is back for your latest crypto news roundup!

German Police Seize $29M in Bitcoin From Alleged Content Pirate

Prosecutors allege the programmer behind movie2k.to helped distribute 880,000 pirated films over a five-year period that ended in 2015.

First Mover: Bitcoin Rises More in One Day Than Stocks Have Gained All Year

Bitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout from the coronavirus pandemic.

Judge Worries Plaintiffs’ Lawyers Trying to Line Their Pockets in Block.one ICO Lawsuit

The U.S. district judge criticized some plaintiffs in a class-action lawsuit against Block.one for appearing to be an attempt to earn high legal fees.

Investors Suing Over Status ICO Can’t Find Execs to Serve Papers

Investors suing crypto firm Status are seeking “alternative means” to serve top executives after they were unable to deliver court papers via traditional means.

Man Accused of Arranging Murder to Avoid Crypto Debt Can’t Escape Jail, Brazilian Court Rules

Crypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court refused to hear his request for freedom.

China’s Open Source Development Has Lessons for the US

While the U.S. complains about TikTok and Chinese IP theft, China is forging a new form of development based on open source networks.

Market Wrap: Bitcoin Trudges Past $11.7K as DeFi Lending Rates Gyrate

Bitcoin’s price is trending up. Meanwhile, interest rates for lending crypto in DeFi are still unpredictable.

DeFi Traders Are Gaming Ethereum for Higher Profits, Researchers Say

DeFi trading bots create "walls of executions," resulting in higher rewards for Ethereum miners, higher profits for traders and higher fees for everyone.

Two Reasons Crypto’s Bull Market Is Coming

Capital from dying token projects and an inflationary environment provide conditions for crypto's march towards a $1 trillion market cap.

Hedgeye CEO Keith McCullough on Stagflation, Bitcoin and the Devalued Dollar

One of the realest people in financial media joins for a conversation about where the economy really is and where it’s headed.

Nasdaq-Listed MicroStrategy, Wary of Looming Dollar Inflation, Turns to Bitcoin and Gold

“If you have large dollar values and you're hoping for any kind of return on them, that's faded,” said CEO Michael Saylor. “Gold, silver and bitcoin are showing strength.”

ETH Lite: Reflexer Labs Raises $1.7M to Build a Somewhat-Stable Coin for DeFi

Reflexer Labs, a new decentralized finance project aimed at softening volatility, has closed a $1.68 million seed round led by Paradigm.

17-Year-Old Pleads Not Guilty to Twitter Hack as Defense Tries to Lower Bail From $725K

The 17-year-old charged with being the mastermind behind July's Twitter hack has pleaded not guilty; the defense says bail posted is "grossly inappropriate" to the amount of money stolen.

Blockchain Bites: Square’s Revenue Surge, Eth 2’s Final Testnet, c-Lightning’s Latest Update

Square’s Bitcoin revenues increased 600% year-over-year and a blockchain-based voting system in Russia may have been hacked.

Republic Cuts Through SEC Red Tape to Raise $16M via Security Token Sale

Under a pair of SEC regulations, crowd-equity platform Republic has raised $16 million through the sale of its Republic Note security token.