Live Wire

Live Wire

Live Wire

Today

Chinese-owned MineOne is said to have built a crypto mining operation within a mile of a U.S. missile base. (Warren Air Force Base)
Policy

U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base

President Biden ordered a halt to the MineOne operation near Warren Air Force Base, citing Chinese ownership, foreign technology and proximity to a strategic missile base.

May 13, 2024

CFTC headquarters (Jesse Hamilton/CoinDesk)
Policy

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

In addition to paying monetary penalties, FalconX must stop providing U.S.-based customers access to crypto derivatives trading platforms.

May 13, 2024

Hong Kong harbor skyline view into Kowloon
Markets

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.

May 13, 2024

food shopping in brown bags
Markets

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.

May 13, 2024

Two U.S. senators wrote to Attorney General Merrick Garland to complain about the prosecution of crypto mixers. (Jesse Hamilton/CoinDesk)
Policy

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

Senators from both parties, Cynthia Lummis and Ron Wyden, questioned the use of money-transmitter laws in cases such as those against Samouri Wallet and Tornado Cash.

May 13, 2024

Atmosphere
Technology

Protocol Village: ChainML Unveils Theoriq, an 'AI Agent Base Layer'

The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 9-15.

May 13, 2024

(The Sandbox's Nicola Sebastiani)
Consensus Magazine

‘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.

May 13, 2024

Wolverine (Jack O'Rourke/Unsplash)
Finance

Wolverine-Themed Meme Coins Flood Market Following RoaringKitty's Cryptic Post

The Wolverine-themed tokens are not the only ones to have been issued on pump.fun.

May 13, 2024

GameStop's stock soared – intermittently – on Monday. (Michael M. Santiago/Getty Images)
Markets

GameStop's Halting Rally Has Crypto Howling

The U.S. stock market has circuit breakers that halt shares sometimes as a safeguard. That's funny to crypto folks.

May 13, 2024

China digital yuan (Eliza Gkritsi/CoinDesk)
Policy

China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report

Most early users immediately transfer the digital yuan balances to their bank accounts to spend as cash.

May 13, 2024

Nairobi, Kenya, Africa (Amani Nation/Unsplash)
Finance

Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions

Kenya's President William Ruto also wants to build a regulatory framework for crypto, with Marathon's help.

May 13, 2024

(Azamat E/Unsplash)
Finance

Crypto Exchange Rain Hit by $14.8M Exploit: ZachXBT

The hack occurred on April 29, ZachXBT said.

May 13, 2024

Antonio Juliano (Danny Nelson/CoinDesk)
Finance

DYdX Founder Antonio Juliano to Step Down as CEO of the Decentralized Exchange; Ivo Crnkovic-Rubsamen Takes Over

Juliano will become chairman and president of dYdX Trading.

May 13, 2024

NASHVILLE, TENNESSEE - OCTOBER 22: U.S. President Donald Trump and Democratic presidential nominee Joe Biden participate in the final presidential debate at Belmont University on October 22, 2020 in Nashville, Tennessee. This is the last debate between the two candidates before the election on November 3. (Photo by Chip Somodevilla/Getty Images)
News Analysis

Trump and Biden Tied on Polymarket, Diverging From Polls

Other election contracts show a 35% chance of a Republican sweep of the presidency and both houses of Congress and a 27% chance Democrats control the Senate after the election...

May 13, 2024

(Dan Freeman/Unsplash)
Markets

No, Hong Kong's Crypto ETFs Aren't Available in Mainland China

The Stock Exchange of Hong Kong (HKEX) confirmed they aren't available. Chinese authorities are wary that ETFs offer a way to bypass strict international capital controls.

May 13, 2024

Zest (Keith Bond/Pixabay)
Finance

Zest Raises $3.5M, Led by Tim Draper, for On-Chain Bitcoin Lending Using Stacks

The seed raise was led by billionaire investor Tim Draper with participation from Binance Labs, Flow Traders, Trust Machines and others.

May 13, 2024

GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. (John Smith/VIEWpress)
Markets

Solana Meme Coins, GameStop Stock Rocket as 'Roaring Kitty' Returns on X

In addition to common stocks, opportunistic crypto developers issued scores of meme coins on various blockchains to capitalize on the hype.

May 13, 2024

BTC price, FMA May 13 2024 (CoinDesk)
Markets

First Mover Americas: Bitcoin Fails to Hold $63K, May Remain Range-Bound

The latest price moves in crypto markets in context for May 13, 2024.

May 13, 2024

New and old bitcoin mining rigs at CleanSpark's site in Georgia.
Markets

Bitcoin Mining Difficulty Slumped Last Week in Biggest Decline Since Crypto Winter: Bernstein

Lower cost miners have increased market share since the bitcoin halving, the report said.

May 13, 2024

Panic. (Andrey Metelev/Unsplash)
Markets

Bitcoin Below $60K Could Trigger 'Panic' Selling, Crypto Analyst Says

One trader said recent declines are likely related to miners' asset sell-offs and fears of tighter regulation of cryptocurrencies.

May 13, 2024