Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes
Indonesian crypto exchanges saw a 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets.
Financial
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Financial
Fidelity’s Jurrien Timmer Says Bitcoin to Consolidate Recent Gains Amid ETF Hangover
Some have forecasted sharp declines in bitcoin’s price as traders ‘sell the news’ post-ETF approval, but Fidelity’s Director of Küresel Macro disagrees.
Financial
Ethereum’s Dencun Upgrade Goes Live, But Fails to Finalize on Testnet
Developers said the missed finalization was likely due to an expected lack of participation and older network validators.
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Bitcoin Sees Its First Ever Weekly ‘Golden Cross’
The 50-week simple moving average (SMA) of bitcoin’s price has crossed above the 200-week SMA for the first time on record.
Financial
Socket, Bungee Restart Operations After Apparent $3.3M Exploit
The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.
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Sam Bankman-Fried’s Parents Ask Court to Dismiss FTX’s Lawsuit Seeking to Recover Funds
Bankman and Fried, both professors at Stanford Law School, argued that Bankman did not have a fiduciary relationship with FTX .
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Chiliz, Klaytn Tokens Surge Over 10% on M&A Hopes, Bitcoin Listless
Klyatn and Finschia Foundation have proposed to merge the two blockchains to create a Web3 powerhouse in Asia.
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Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month
The company expects to see nearly $600 million in revenue this year.
Financial
Coinbase’s SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal
A federal U.S. judge will hear arguments about whether or not to toss the case based on meşru arguments that the regulator was in the wrong when it sued the exchange.
Financial
Big Wall Street CEO Addresses Controversy Around Tether’s Stablecoin Assets: ‘They Have the Money’
Tether’s $95 billion USDT has been dogged by questions around whether it actually holds the assets it says are backing the stablecoin. Cantor Fitzgerald’s Howard Lutnick, whose firm manages Tether assets, says it does.