- Bitcoin price plunges to $42k as wider crypto market experiences a sell-off
- 1Inch protocol raises $175m in funding round
- India to regulate Cryptocurrencies
- Goldman Sachs believes 'Crypto Options Markets' will enable continued institutional adoption
Business
DEX Aggregator 1inch Raises $175M in Funding Round Led by Amber Group
The Series B comes ahead of the launch of 1inch Pro, which will cater to institutional investors.
Andrew Thurman
Citigroup Alum Matt Zhang Launches $1.5 Billion Crypto-Investing Venture
Yueqi Yang
Three Arrows Leads $4.3M Round for Solana-Based Metaverse Project Solice
Solice is bringing VR to the mix in a bid to compete with Decentraland and The Sandbox.
Andrew Thurman
UAE Switches Weekend to Saturday-Sunday, Adopts 4 ½ Day Week
The United Arab Emirates will switch its weekend to Saturday and Sunday for government entities as it looks to bring itself more in line with the rest of the world.
Abeer Abu Omar
Craig Wright ‘incredibly relieved’ after jury orders him to pay $100 million in billion-dollar bitcoin lawsuit
Craig Wright ‘incredibly relieved’ after jury orders him to pay $100 million in billion-dollar bitcoin lawsuit - The Kleiman v. Wright trial has come to a close, with the jury deciding in favor of defendant Craig Wright on all but one of the seven counts against him.The ...
Bitcoin Miner TeraWulf Raises $200M in Debt and Equity
The miner expects to complete its merger with Ikonics Corp. and go public during the week of Dec. 13.
Aoyon Ashraf
$31 million stolen from MonoX on Polygon, Ethereum in DeFi hack
Around $31 million in a variety of cryptocurrencies has been stolen from MonoX in a DeFi hack on two blockchains.
Tim Copeland
Blockchain.com to Introduce NFT Marketplace as Interest Booms
The company has opened a waiting list for the new platform, which will allow users to buy, sell and store NFTs.
Jamie Crawley
VanEck Files to Launch Digital Asset Mining ETF
The fund will invest at least 80% of its assets in digital mining firms.
Aoyon Ashraf
Jack Dorsey Takes Square Deep Down the Bitcoin Rabbit Hole
The payments giant’s name change to “Block” caps off a transformational year.
David Z. Morris
Crypto Investment Firm Maven 11 Capital Closes $120M Fund
The company’s second crypto fund will focus on DeFi and Web 3 applications.
Brandy Betz
Someone stole $120 million in crypto by hacking a DeFi website
Decentralized finance app BadgerDAO has had a massive heist. An investigation is ongoing, but attackers apparently used Badger’s website to intercept Web3 transactions and, eventually, direct crypto holdings to their own wallets.
Richard Lawler
BitMart CEO Says Stolen Private Key Behind $196M Hack
The exchange’s CEO said they will compensate affected users with their own funds.
Eliza Gkritsi
Markets
Crypto Charts 49
BitcoinLast Friday’s sell off stopped us out 44k with Bitcoin crashing down to 42′296.Currently we are trading at 51′200 and a move above 52′000 will be the firstconfirmation that a low is in place for the next leg higher in BTC. If goinglong now place stops below 46′800 with a break there indic…
Rayan Khan
Bitcoin Drops $9K in an Hour on Spot Market Selling; El Salvador Again Buys the Dip
The leading cryptocurrency is currently trading around $47,960.
Nikhilesh De and Omkar Godbole
First Mover Asia: Bitcoin, Altcoins Regain Ground After Early Weekend Spiral; Trading Volume Levels Off After an Intense Saturday
Investors, who have been spooked by the omicron variant of the COVID-19 virus, are awaiting the opening of equity markets on Monday.
Muyao Shen and Damanick Dantes
Regulation
India to regulate, not ban, crypto: Cabinet documents
The Indian government will reportedly shelve its CBDC plans for the time given while it focuses on regulating crypto as “crypto assets.”
Brian Quarmby
SEC rejects WisdomTree’s application for spot Bitcoin ETF
In a Dec. 1 filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of WisdomTree’s Bitcoin Trust.
Turner Wright
Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
Canadian investors can use the ETFs to gain tax-exempt exposure to Bitcoin.
Zhiyuan Sun
Opinions
Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption
While CME Group’s bitcoin futures contracts initially lured in Wall Street firms, Goldman’s head of crypto trading says options are “more versatile.”
Tracy Wang
Michael Saylor Calls Bitcoin the World’s Reserve Asset but Not So Good for Buying a Cup of Coffee
The billionaire founder of the business intelligence company MicroStrategy said in a CoinDesk TV interview that bitcoin is the best inflation hedge.
Helene Braun
Podcasts / Readings
Ethereum in 2022: What Is Money in the Metaverse?
DeFi, NFTs, stablecoins – most of it started on Ethereum. What about next year? This post is part of CoinDesk’s Future of Money Week.
Edward Oosterbaan
