CoinDesk 20 Performance Update: UNI and ICP Lead Gains as Index Climbs 1.1%

Uniswap gained 3.4% and Internet Computer rose 2.8% in overnight trading.Source

First Mover Americas: BTC Regains $60K Following Slide This Week

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 29 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

‘Pig Butchering’ Scams Remain Dangerous Threat in Crypto Markets, Chainalysis Report Says

While other types of illicit activity are growing, scams are the biggest issue, Wednesday’s report from the analytics firm said.Source

Banks Using Permissionless Blockchains for Transactions Face Multiple Risks: BIS

Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision said.Source

Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs

Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs.Source

CEO of South Korean Crypto Firm Haru Invest Stabbed During Trial: Reuters

The executive was taken to hospital; his injuries were not life threatening.Source

Crypto Market Has Evolved in the Past Year, Canaccord Says

In the last 12 months, the digital assets industry has transitioned from a post-FTX recovery period back to a growth phase, the report said.Source

Indian Court Orders Scam Websites Using Crypto Exchange Mudrex’s Name to Be Taken Down

Indian cryptocurrency exchange Mudrex won a court order telling the country’s Ministry of Communication to take down as many as 38 websites that were exploiting the company’s name to carry out scams.Source

Polymarket Bettors Miss Out on $270K Due to Pavel Durov’s Early Release

Bettors were fairly sure the Telegram CEO would be released in September. His release on Wednesday tossed the market on its head.Source