FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse
The bankrupt exchange’s unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.Source
Bitcoin Pushes Through $50K for First Time Since Late 2021
The world’s largest crypto has now roughly tripled in price in 2023, surely signaling the end of the industry’s long bear market.Source
Bitcoin Runs Into $50K Resistance as Sellers Step In on Binance, Coinbase
Bitcoin approached the $50,000 level Monday for the first time in more than two years, but selling pressure on exchanges stalled the advance.Source
Bitcoin Tops $49K as Spot ETF Inflows Accelerate
Bitcoin price approaches $49,000 Monday after strong spot bitcoin ETF inflows last week.Source
Digital Currency Group Reports Q4 Revenue of $210M, Up 59% Y/Y (Full Text)
Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.Source
First Mover Americas: Bitcoin Hovers Below $48K; Immutable X Soars
The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Solana’s Second Phone Crosses 100,000 Presales, Securing $45M for Development
Solana Mobile’s “chapter 2” smartphone could ship in early 2025.Source
Ripple-Owned Crypto Custody Firm Metaco’s CEO and Head of Product Depart
Metaco CEO Adrien Treccani and Chief Product Officer Peter DeMeo have left the crypto custody firm that was acquired by Ripple last year.Source
Protocol Village: Tezos Blockchain’s ‘Oxford 2’ Upgrade Brings ‘Private Smart Rollups’
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 8-14.Source
New York Expands Fraud Case Against Digital Currency Group to $3 Billion
New York Attorney General Letitia James has amplified its fraud case against Digital Currency Group (DCG), now saying the company is responsible for $3 billion in investor losses tied to the Gemini Earn product and to direct investments with Genesis, according to a new court filing.Source