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First Mover Americas: Bitcoin Fails to Hold $63K, May Remain Range-Bound

The latest price moves in crypto markets in context for May 13, 2024.

May 13, 2024 at 12:02 p.m. UTC
Bitcoin Below $60K Could Trigger 'Panic' Selling, Crypto Analyst Says

One trader said recent declines are likely related to miners' asset sell-offs and fears of tighter regulation of cryptocurrencies.

May 13, 2024 at 10:52 a.m. UTC
Metaplanet Makes Bitcoin a Reserve Asset as Japan’s Debt Mountain Grows

The announcement comes as the yen, one of the top five global reserve currencies, bears the brunt of Japan's fiscal imprudence.

May 13, 2024 at 6:07 a.m. UTC
Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

Police in Panshi City, Jilin arrested six people for running an "underground bank."

May 13, 2024 at 10:50 a.m. UTC
Bitcoin Mining Difficulty Slumped Last Week in Biggest Decline Since Crypto Winter: Bernstein

Lower cost miners have increased market share since the bitcoin halving, the report said.

May 13, 2024 at 11:57 a.m. UTC
Stablecoin Expansion Stalls Ahead of U.S. Inflation Data

Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.

May 13, 2024 at 10:48 a.m. UTC

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Consensus 2024

(Fatemeh Fannizadeh)

Fatemeh Fannizadeh on Crypto Law, Switzerland and How KYC Is Failing

Fannizadeh, a lawyer specializing in the crypto industry at Geneva Legal, is a speaker at this year’s Consensus festival, May 29-31, in Austin, Texas.

May 10, 2024
Hyperbolic CEO Jasper Zhang (Hyperbolic)

Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma

Hyperbolic, the two-year-old startup focused on decentralized AI computing, said that it is introducing a protocol called “Proof of Sampling,” aimed at addressing challenges w...

May 9, 2024
(Kgothatso Ngako)

Kgothatso Ngako: How I Brought the Machankura Bitcoin App to Africa

Ngako is a speaker at this year's Consensus festival, in Austin, Texas, May 29-31.

May 8, 2024
SEC Commissioner Hester Peirce (Danny Nelson/CoinDesk)

'What Are We Waiting for'? SEC Commissioner Hester Peirce Discusses Moving Crypto Regulation Forward

Known for her fiery dissenting opinions, "Crypto Mom" discusses how the SEC operates, why she wants to see crypto thrive and her "Safe Harbor" proposal to allow projects to de...

Apr 10, 2024
Casey Rodarmor, who shook up Bitcoin with Ordinals (Rhett Mankind)

Casey Rodarmor: The Bitcoin Artist

His "Ordinals Theory," allowing data inscription on Bitcoin, generated a backlash from Bitcoiners who said it will ruin the network. But Rodarmor remains undeterred.

Dec 4, 2023
(John Deaton)

‘I'm a Pro-Freedom Candidate’: John Deaton on his Senate Race With Elizabeth Warren

The election pits a fierce crypto advocate against one of its biggest political opponents. Deaton is a speaker at this year's Consensus festival, in May.

Apr 15, 2024

Markets

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Policy

(chinahbzyg/Shutterstock)

Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

Police in Panshi City, Jilin arrested six people for running an "underground bank."

May 13, 2024
(Autumn_ schroe/Unsplash)

Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia

The company has also secured registrations in India and Dubai.

May 13, 2024
Former U.S. President Donald Trump courted crypto voters well beyond the attendees at his NFT gala. (Danny Nelson/CoinDesk)

Trump’s Pro-Crypto Bluster at NFT Gala Lacked Policy Substance

At the Mar-a-Lago dinner, Donald Trump wooed a constituency Joe Biden has thoroughly snubbed. But the presidential candidate isn't exactly fluent in cryptocurrency policy.

May 11, 2024
(Nikhilesh De/CoinDesk)

SEC Rebuts Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question

The exchange wants an appeal court to rule on whether conventional securities rules apply to crypto. Coinbase hopes they don't.

May 10, 2024
Rep. Patrick McHenry said a major crypto legislative effort is close to a floor vote in the House of Representatives. (Jesse Hamilton/CoinDesk)

U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote

The legislation known as FIT21, which would set up a system to govern U.S. crypto markets, is headed toward a House vote, though that may mark the end of this effort.

May 10, 2024
Department of Justice (Shutterstock)

DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg

The white-shoe law firm’s handling of the FTX bankruptcy case has been controversial.

May 10, 2024