The firm withdrew its Texas Money Transmitter License application but says it intends to reapply “swiftly.”

The Federal Reserve Board has denied Custodia Bank’s application for membership, claiming the crypto-focused institution’s “novel business model and proposed focus on crypto-assets presented significant safety and soundness risks.”

Wybbo Wirsma, a Dutch native who lived in the U.K., was under investigation for five years until he pleaded guilty in an Oxford court on Thursday.

The mint, which opened Friday morning, closed minutes after the allowlist opened, raising questions from empty-handed fans as to whether or not it was a faulty drop.

The decision to introduce the options suggests growing investor interest in derivatives tied to alternative cryptocurrencies. TON is the native cryptocurrency of the decentralized layer 1 blockchain The Open Network.

The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto

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Several regulatory initiatives are underway to expand oversight of this nascent industry, the former head of fintech at the U.K. Financial Conduct Authority writes.

It’s difficult to pinpoint how a majority of crypto assets can practically function without radically reimaging the current set of securities laws, Lewis Cohen, co-founder of DLx Law, writes.

A surge in daily addresses was partly due to the launch of Polygon’s zero-knowledge EVM public testnet. There were also new partnership deals with Starbucks and Instagram.