Coinbase Reports System-Wide Outage
The crypto exchange’s website is currently unavailable and responds with a 503 error.Source
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Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token
Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile experience while traversing the Web3 space, its co-founders Neeraj Khandelwal and Sumit Gupta told CoinDesk in […]
U.S. Blocks China-Tied Crypto Miners as ‘National Security Risk’ Near Nuke Base
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.Source
Why, for Some, Crypto Is the Defining Political Issue of Our Times
It’d be foolish for people to vote against their own interests.Source
FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant
FalconX will pay $1.8 million to settle newly-announced charges from the Commodity Futures Trading Commission (CFTC) that the crypto trading firm violated commodities laws by failing to register as a futures commission merchant (FCM), according to a Monday announcement from the regulator.Source
Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors
Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.Source
Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week
The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.Source
U.S. Senators Question Justice Department’s Pursuit of Crypto Mixers
A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the “unprecedented interpretation” of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting businesses.Source
‘We’re Doing it, We Believe in it’: The Sandbox’s Nicola Sebastiani on Bringing Gaming to the Metaverse
The Chief Content Officer, who is speaking at Consensus this month, says 280,000 Sandbox users are now generating creating games and experiences on the platform.Source
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.Source