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Finance

FTX Ventures, DCG Back $9.6M Funding for Decentralized Database Solution Kwil

The community-owned platform could make it easier for Web2 developers to move into Web3.

Amy Wu, the head of of FTX Ventures (Danny Nelson/CoinDesk)

Policy

Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve

The Wyoming-based bank filed suit against the Federal Reserve in June, arguing that the Fed’s refusal to make a decision is unlawful and discriminatory against crypto institutions.

U.S. Senator Cynthia Lummis (Shutterstock/CoinDesk)

Policy

EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA

A leaked draft of the text, reviewed by CoinDesk, shows the rules could apply to algorithmic stablecoins and fractionalized NFTs.

The EU flag (Håkan Dahlström/Getty Images)

Policy

US Treasury Wants Public to Comment on Crypto’s Role in Illicit Finance

The Treasury Department listed a number of questions, asking the general public to weigh in on how it’s approaching cryptocurrencies and their possible role in illegal activities.

The U.S. Treasury Department is seeking public comment on the role of cryptocurrencies in illicit finance, and its own response to this issue. (Nikhilesh De/CoinDesk)

Policy

Craig Wright Could Have ‘Bamboozled’ Andresen During Private ‘Satoshi’ Signing Session: Trial Witnesses Explain

Expert witnesses on behalf of Hodlonaut say Wright could have used any number of tricks to fool Bitcoin developer Gavin Andresen into believing he was Satoshi.

(Victoria Basel/ EyeEm/Getty)

Finance

Binance Bungles Accounting for Helium Tokens, Overpays Clients Millions: Sources

The Helium network has two tokens, HNT and MOBILE. Binance counted them as one, HNT, resulting in a windfall for customers who deposited the less valuable MOBILE.

(Peter Cade/Getty Images)

Finance

Binance’s Attempt to Buy Voyager Digital’s Assets Complicated by National Security Concern: Sources

A Binance spokesman said “xenophobia” is underlying talk of a possible review by a key U.S. government panel that examines foreign takeovers.

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Finance

Investors Add $74M to Crypto-Focused Valkyrie Trusts

New SEC filings showed additional sales for the investment firm’s Tron and Avalanche trusts.

Valkyrie CIO Steven McClurg speaks at Bitcoin Miami 2022. (Danny Nelson/CoinDesk)

Finance

Crypto Giant FTX Eyes Raising Money to Fund Acquisitions: Source

Sam Bankman-Fried’s exchange is raising capital as it considers a retail-focused deal, a person familiar with the matter said.

FTX CEO Sam Bankman-Fried (Alex Wong/Getty Images)

Finance

Crypto Auditing Platform Sherlock Raises $4M in Funding

The protocol features an open auditor competition to help find smart contract vulnerabilities

Venture capital firm Variant commits $450 million to its third crypto-focused fund. (Horst Schwalm/Pixabay)