First Mover Asia: Bitcoin Recovers From Fed Dip

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data PLUS: The Madlads hype appears to be over, although it hasn’t dragged down the price of Solana. Cryptos return to positive territory.Publish at: May 04, 2023 at 12:53AM

U.S. SEC Changes Its Mind on Officially Labeling Digital Assets

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal definition of “digital asset” from its latest hedge fund rule.Publish at: May 03, 2023 at 11:37PM

FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.Publish at: May 03, 2023 at 10:48PM

Bitcoin Falls Slightly After Fed Rate Hike

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data BTC was down about 1% after the U.S. central bank boosted the Federal Funds rate by 25 basis points. Fed Chair Jerome Powell noted that the central bank had omitted language signaling rate hikes at upcoming meetings.Publish at: May 03, 2023 at 09:38PM