Coindesk

EDX Markets, the institution-only crypto exchange that started operations in June 2023 with support from Wall Street giants like Fidelity, Charles Schwab and Citadel Securities, has appointed its current chief technology officer, Tony Acuña-Rohter, as CEO.Wall Street veteran Jamil Nazarali, the founder and current CEO of the exchange, will move to the position of executive chairman of the board, according to a press release.Acuña-Rohter previously served as the chief technology officer of the firm since joining in 2022. Before EDX, he was the CTO of ErisX, a crypto firm acquired by Cboe in late 2021 that led to the start of Cboe Digital, the crypto arm of Cboe.“I am proud to have led EDX through its initial start-up phase and...

Nearly $2 billion worth of forfeited bitcoin (BTC) linked to the Silk Road website were moved to crypto exchange Coinbase Prime on Monday.A wallet tagged as "U.S. Government: Silk Road DOJ Confiscated Funds" transferred 19,800 bitcoin on Monday to a fresh address with no prior history of transactions, blockchain data by Arkham Intelligence showed. The funds were then deposited to Coinbase Prime.The transfer likely indicates that the government is preparing to sell or has already sold the assets. Earlier instances of government selling this year sparked sizable selloffs in bitcoin, but the action today — so far — has been more muted, with the price dipping a bit more than 1% to the current $95,800 since the news hit. Following...

Until last week, the issue of de-banking remained largely an open secret, something known primarily to insiders like myself. As I work to protect people and entities affected by de-banking both in the U.S. and globally, I have witnessed firsthand the devastating economic and social impact this has had on businesspeople, nonprofit organizations and “politically exposed persons.”This situation changed as millions of people became familiar with the concept of de-banking after venture capitalist Marc Andreessen appeared on the Joe Rogan podcast. Andreessen discussed the exclusion of politically disfavored individuals and entities from the financial system, focusing specifically on the crypto-assets industry.His remarks triggered a wave of responses, drawing attention to the broader issue of de-banking in the tech and cryptocurrency...

A Solana-based memecoin themed on viral Thai zoo hippo Moo Deng surged by more than 67% after it was listed on cryptocurrency exchange Coinbase on Monday.Its market cap is now pushing back towards $500 million after a two-week lull that saw the token's price drop from $0.67 to $0.30. It is currently trading at $0.49 following Monday's rise, with daily trading volume rising by 151% to $330 million.The listing provided a much-needed boost to the wider memecoin ecosystem, with GOAT experiencing a 9% move to the upside, while PNUT rose by 6% during a 10-minute period following the listing.It's worth noting that memecoins are volatile by nature as they have no intrinsic value; they rise and fall rapidly based solely...

Bitcoin (BTC) daily mining revenue and gross profit rose in November as the world's largest cryptocurrency hit record highs, but it is still about 50% below pre-halving levels, JPMorgan (JPM) said in a research report Monday."We estimate that bitcoin miners earned an average of $52,000 per EH/s in daily block reward revenue in November, up 24% from October," analysts Reginald Smith and Charles Pearce wrote.The bank noted that transaction fees on the network spiked following the U.S. Nov. 5 presidential election and this provided some "hashprice relief." The hashprice is a measure of mining profitability.The total market cap of the 14 publicly listed bitcoin miners in the bank's coverage surged 52% in November to $36.2 billion, the report said.The average...