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Crypto News
First Mover Americas: Bitcoin Hits $38.8K for First Time in Over a Year
The latest price moves in bitcoin and crypto markets in context for Dec. 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
KuCoin Ventures to Provide $20K Grant to TON Ecosystem
KuCoin Ventures' funding will be allocated to five "mini-apps" on TON focusing on payments and gaming.
Terraform Labs, Do Kwon Fail to Have Singapore Class-Action Suit Rejected: Report
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.
Bitcoin Rises to $38.8K for the First Time Since May 2022
Overall crypto market capitalization is at its highest level since May 2022 with nearly $400 billion added since the start of October.
Cathie Wood’s ARK Invest Offloads a Further $4.7M Worth of Coinbase Shares
COIN reached its highest level since April 2022, rising to $130.31 on Wednesday.
Bitcoin Eyes $40K as $1B in BTC Withdrawals Suggests Bullish Mood
Data shows over $1 billion worth of BTC has been withdrawn from exchanges recently.
Republicans’ Leadership Squabbles Delayed U.S. Crypto Bills Until 2024, Key Lawmakers Say
Republican Rep. French Hill and Democrat Rep. Jim Himes see potential future floor votes for crypto bills being key to convincing the Democrat-controlled Senate to play ball.
Bitcoin Going From Boiling the Oceans to Draining Them, According to Critic
The findings have an echo of De Vries' previous criticisms of Bitcoin, which have hitherto centered on the electricity usage of bitcoin mining.
Paying for Use Slows Down Crypto’s Search for a Use Case
CoinDesk's Danny Nelson reported that Polygon paid DraftKings to be on the network, a furtive deal that only misrepresents consumer choice.
Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report
The bill is awaiting presidential approval.