July 2020 ~ Bitcoin

Friday, 31 July 2020

Bitcoin Ends July at Highest Monthly Close Since 2017 Peak

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin closed July at $11,351, according to Messari.

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Market Wrap: Bitcoin Pushes to $11,450, DeFi Value Locked Now at $4B

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

The crypto market continues its bullish run and investors are plowing crypto into DeFi.

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Bitcoin’s Option Market Is Now Skewed Bullish

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin’s price jumped to fresh 11-month highs on Friday with the options market betting on a sustained bull move.

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Suspected Twitter Hacker Arrested In Florida

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

A Florida teenager suspected of spearheading the massive Twitter hack and subsequent high-profile bitcoin scam is in custody.

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What a Professional Trader Thinks of the Fed, Robinhood and Real Estate, Feat. Tony Greer

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

The editor of the Morning Navigator newsletter discusses a variety of macro topics and how to trade against a very strange market.

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Money Reimagined: Let’s Be Privacy Scolds

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Technical solutions to protect financial privacy may not suffice. Stronger cultural norms around minding one’s own business are needed as well.

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Blockchain Bites: Dollar’s Decline, Ether’s Moneymakers and Coinbase’s Considerations

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Coinbase is considering adding 19 new assets, the SEC tapped CipherTrace for its Binance-specific tracing tools and 132% of Ether wallets are in profit.

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Bitcoin News Roundup for July 31, 2020

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

With the dollar dropping to its lowest level since May 2018 and a reshuffle in Japan's central bank, CoinDesk's Markets Daily is back.

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FinCEN Warns on Coronavirus Scams Demanding Crypto

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

FinCEN is warning cybercriminals are exploiting the COVID-19 pandemic, and asks firms to be especially vigilant regarding their dealings with virtual currencies.

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Putin Signs Russian Crypto Bill Into Law

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Russia's president signed the first of two bills on digital assets into law on Friday.

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Ripple Paid MoneyGram $15.1M in ‘Market Development Fees’ in Q2

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

With the $15.1 million in Q2, MoneyGram has so far received $43 million for providing liquidity for Ripple’s XRP-based settlement system.

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Coinbase Considering 19 Additional Cryptos for Exchange Listing

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

The popular trading platform has once again expanded its list of crypto contenders.

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Ethereum 2.0: Closer Than Ever, Still Plenty of Work to Do

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Five years later, Ethereum is still chugging along as a decentralized platform for self-executing code. Eth 2.0 is quite close, but for real this time.

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CoinDesk Live Recap: Co-Founders Revisit Ethereum’s Launch Drama

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ethereum was always a wild experiment. Now, five years later, a few early believers explain why they are more bullish than ever.

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First Mover: Chainlink’s Soaring Token Shows Lucrative ‘Oracle’ Role in Fast-Growing DeFi

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Chainlink's LINK token soared almost 60% in July as cryptocurrency traders fawned over DeFi projects and their rapid growth.

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Bank of Japan Puts Top Economist in Charge of Digital Yen Initiative

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

The central bank's most senior economist now runs the department responsible for the digital currency task force and working group with other central banks.

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Bitcoin on Track for Highest July Price Gain in 8 Years

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin appears on track to register its best July price performance for eight years and confirm a major bullish breakout in the process.

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Elrond Launches Onto Mainnet, Reduces 99% of Token Supply

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Elrond’s move onto mainnet will replace 19.98 billion testnet tokens with 20 million mainnet tokens at a rate of 1000:1.

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KeeperDAO Raises Seven-Figure Seed Investment From Polychain, Three Arrows

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

The funding comes at a time when DeFi has seen an explosion in growth.

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Ripple Says XRP Lawsuit Based on ‘Unsupported Leaps of Logic’

July 31, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ripple has hit back at the lead plaintiff in an ongoing class-action lawsuit accusing the firm and its CEO of securities fraud.

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Twitter Says ‘Phone Spear Phishing’ Let Hackers Gain Employee Credentials

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Twitter has provided an update on what happened the day the social media giant lost control over its platform.

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Ethereum History in 5 Charts

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Five years ago this week, the first general-purpose blockchain went live on mainnet. Here are five charts for understanding Ethereum's evolution.

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Audius Rallies EDM Artists, Crypto VCs to Back Vision for Music Payments on Ethereum

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Audius, a streaming service built on Ethereum, has raised $3.1 million from Multicoin Capital, Blockchange Ventures, Pantera Capital and Coinbase Ventures.

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Blockchain Bites: Plus Token Ponzi Popped, Cardano Forked and tZERO Cut

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Cardano is now running as a proof-of-stake network, the Marines banned crypto mining and crypto reacts to the congressional inquiry into Big Tech's market dominance.

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Suspects Detained in Ukraine for Bomb Threats Demanding Bitcoin

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ukraine's security service detained two suspected terrorists who threatened to blow up buildings if they didn't receive bitcoin.

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CoinList Launches ‘Pro’ Exchange for Token Sale Buyers

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

The new CoinList Pro exchange aims to help institutional traders participate in the platform's dozen or so token sales in 2020.

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Bitcoin News Roundup for July 30, 2020

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

With the price of bitcoin hovering near recent highs and some wondering whether we're poised for a pullback, CoinDesk's Markets Daily is back for your latest news roundup.

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Dharma Adds Uniswap Trading in Bid to Become ‘the Robinhood of DeFi’

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Dharma, the Coinbase-backed decentralize finance startup, is adding token-exchange protocol Uniswap as its latest in-app offering.

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Ether Addresses in Profit Have Soared 132% in a Year

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Even with ether close to yearly highs, profitable addresses have more than doubled since last July.

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SEC Wants to Start Scrutinizing Binance Chain Transactions

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Company executives anticipated regulators might one day take an interest in Binance Chain

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Central Banks Are Privacy Providers of Last Resort

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

If central banks issue digital currencies, they'll be thrown into a debate about financial privacy in the modern era. Is that what they want?

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Bank of England Building Payments Network to Support a Potential Digital Pound

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

CoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency.

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Coda Protocol Touts User Growth One Year Into Testnet

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

The O(1) Labs project thinks recursive zk-SNARKs are the key to more manageable blockchains.

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China Aims to Be the World’s Dominant Blockchain Power – With Help From Google, Amazon and Microsoft

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

China's BSN could be met with geopolitical resistance as it continues to extend its global reach.

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Paxful Chips Away at LocalBitcoins’ Russian P2P Market Dominance

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Paxful’s year-old foray into Russian crypto markets is paying off for the peer-to-peer exchange.

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Circle Gets $25M From DCG to Drive USDC Mainstream

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

USDC backer Circle is teaming with Genesis Trading in a $25 million deal aimed at pushing the stablecoin to the fintech masses.

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First Mover: Sleepy Fed Meeting Belies Tense Economic Reality (Brrr) That May Buoy Bitcoin

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

It didn't really matter to bitcoin traders that the Federal Reserve's meeting this week was so anticlimactic. The real action is ongoing – in the form of more money injections.

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Dapp Data Storage Provider Bluzelle to Begin Mainnet Launch in August

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Distributed data storage network Bluzelle is starting the launch of its mainnet on Aug. 8, the company announced Thursday.

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tZERO Slashes Jobs, Salaries as It Gears Up for Another Funding Round

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

In an attempt to improve its cash burn rate, tZERO has slashed its headcount and asked senior staff to take equity as it prepares for a new raise.

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Police Arrest 27 Alleged Masterminds Behind $5.7B Plus Token Crypto Scam

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Chinese police have arrested 27 leaders and 82 others suspected of operating the Ponzi scheme.

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Malaysia’s Stock Exchange Eyes Blockchain for Bond Market Digitization

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

Known as Project Harbour, the initiative will use distributed ledger technology as a register for a bond marketplace.

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Cardano Introduces Proof-of-Stake With ‘Shelley’ Hard Fork

July 30, 2020 / in CoinDesk, Coins Feeds / with No comments /

It's alive! Cardano has successfully hard forked to its major upgrade, Shelley, which introduced proof-of-stake to the network

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CoinDesk Live Recap: Ethereum’s DeFi Luminaries Discuss What’s Next

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

For decentralized finance (DeFi) to make its mark, it must reach beyond the crypto bubble, said MakerDAO founder Rune Christensen. “Compared to where we’re going next, we’ve still just scratched the surface of what this technology will do,” Christensen, whose lending platform recently topped $1 billion in committed assets, said. He was joined by fellow […]

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CoinDesk Live Recap: The DAO Hack Is Still a Mystery

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

The DAO attack was a foundational episode in Ethereum history. On Tuesday, CoinDesk Live gathered a handful of blockchain veterans to look back.

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A Crypto Derivatives Exchange Is Getting a Nasdaq Listing in Q3

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

Originally postponed due to the pandemic, EQUOS.io is still set to be the first crypto exchange on the Nasdaq.

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Recent Bitcoin Rally Pushes ‘Addresses in Profit’ to 93%

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

August 2019 was the last time this many bitcoin addresses were in profit.

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Bitcoin Scaling Tech Could Have Saved Companies and Users $500M in Fees: Report

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

Implementing transaction batching and SegWit could have saved bitcoin companies and users $500 million in fees – if they'd just use the technology.

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How DeFi Could Disrupt Traditional Finance, Feat. Sergey Nazarov

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

"Imagine a world without counterparty risk..." - Chainlink's co-founder Sergey Nazarov shares why the move from brand-based contracts to math-based contracts is inevitable.

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Federal Reserve Keeps Rates Close to Zero, Continues Buying Treasurys

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Federal Reserve said Wednesday it would hold benchmark U.S. interest rates close to zero and continue buying Treasury bonds to support the coronavirus-devastated economy.

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Coinbase Now Offers 2% Rewards on Dai Stablecoin Accounts

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

The program applies to customers residing in the U.S., U.K., The Netherlands, Spain, France and Australia.

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Indian Users Almost 5 Times More Likely to Encounter Crypto Hacking: Microsoft Report

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

According to a cybersecurity report by Microsoft, among countries in Asia-Pacific, Sri Lanka faces the highest rate of encounter with such attacks with neighboring India in second place.

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Blockchain Bites: Ledger’s Breach, Celsius’ Contradictions and DeFi’s Next Frontier

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

Liquidity mining is coming to PoS blockchains, Ledger was breached and why bitcoin's rally has legs.

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DeFi Lender Aave Rolls Out Governance Token on Path to Decentralization

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

Aave will transfer ownership of the protocol to a “genesis governance” built and approved by LEND token holders. It will also swap LEND tokens for AAVE.

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Bitcoin News Roundup for July 29, 2020

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

With the battle for CBDC dominance in the East heating up and smart contract use skyrocketing as Ethereum turns five, CoinDesk's Markets Daily is back with another news roundup.

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Marine Corps Bans Crypto Mining Apps From Government-Issued Mobile Devices

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Tuesday memo does not give a specific reason for the bitcoin mining ban but broadly cited security concerns.

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Binance Australia Is Actually Run by the Founders of TravelbyBit

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

CoinDesk has discovered Binance Australia is operated by InvestbyBit, a company that shares directors with tourist crypto payments provider, TravelbyBit.

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Marathon Boosting Bitcoin Mining Game With 1,360 More Rigs Arriving in August

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

The publicly traded firm has bought hundreds of rigs from mining hardware rivals MicroBT and Bitmain.

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Why Bitcoin Is Protected by the First Amendment

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin's role as a communications and associative network - not just a financial network - means it deserves constitutional protection.

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Carbon Credits Have a Double-Spend Problem. This Microsoft-Backed Project Is Trying to Fix That

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Microsoft-backed IWA sustainability group is building a tokenization standard that aims to bring transparency to carbon accounting.

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Bitcoin Looks Overbought but Analysts Play Down Drop Fears

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin's rally looks overstretched, according to a technical indicator, but short-term price consolidation looks more likely than a drop, say analysts.

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First Mover: Crypto Traders ‘Greedy’ as Goldman Warns on Dollar

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

As the dollar faces a diluted world status, cryptocurrencies like ether and bitcoin are soaring, with a popular sentiment index now registering "greed."

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Digital Yen Now ‘Top Priority’ for Japan Central Bank, Says Senior Official

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

The comments mark a shift in priority for Japan as it seeks to counter the economic threat from regional rival China.

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Why DeFi on Ethereum Is Like Algorithmic Trading in the ‘90s

July 29, 2020 / in CoinDesk, Coins Feeds / with 1 comment /

DeFi's surge has created an interesting dynamic: Traditional fund managers are beginning to experiment with what decentralization has to offer.

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How the EEA Made Ethereum Palatable to Big Business

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

Formed in 2017, the Enterprise Ethereum Alliance (EEA) helped large corporates and tech providers experiment with blockchain.

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Crypto Wallet Ledger Loses 1M Email Addresses in Data Theft

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

An unknown hacker gained access to the wallet maker's marketing database, stealing a million email addresses as well as personal information for 9,000 customers.

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Pantera Capital Leads $2.6M Seed Round for DEX Protocol Injective

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

The protocol, incubated by Binance Labs, sets out to solve some of the issues facing users of decentralized exchanges.

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605 Days Later: How ArCoins Got the SEC Go-Ahead as an Ethereum-Traded Treasuries Fund

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

A look inside Arca and TokenSoft’s 605-day crusade to register the first Ethereum blockchain-native ‘40 Act Fund.

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Australian Crypto Exchanges Partner With Koinly to Simplify Tax Reporting for Users

July 29, 2020 / in CoinDesk, Coins Feeds / with No comments /

With tax reports for crypto transactions being complex and time-consuming to prepare, Koinly said its service automates the process in just minutes.

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MIT Lightning Creator Unveils First ‘Demonstration’ of Bitcoin Scaling Tech

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Utreexo "can make Bitcoin nodes smaller and faster while keeping the same security and privacy as full nodes," says developer Tadge Dryja.

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CFTC Chair: ‘A Large Part’ of Financial System Could End Up in Blockchain Format

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Perfection shouldn’t be the enemy of good when it comes to regulating the cryptocurrency space, said Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert.

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Blockchain Bites: Bitcoin’s New ETP, Ethereum’s ‘Woodstock Moment’ and Silvergate’s SEN Zen

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin is tracing gold to yearly highs, a crypto hedge fund folded and a Swiss firm launched bitcoin's first actively managed ETP.

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Bitcoin News Roundup for July 28, 2020

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

With bitcoin pulling back a little after yesterday's frenzied rush above $11,000, CoinDesk's Markets Daily is back with another news roundup.

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EU Outlines Tech Specs for Nodes in Its Blockchain Services Testnet

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Participating member states can stage their testnet nodes on hardware with specs roughly equivalent to a PC gamer’s tower.

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Is Bitcoin Mining Legal in India? Miners Still Don’t Know

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Following a recent Supreme Court decision, India's crypto industry is optimistic about the future. But miners still don't know if what they do is illegal.

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Digital Intelligence Firm Cellebrite Launches Crypto Tracing Tool Powered by CipherTrace

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Israel-based digital forensics firm Cellebrite announced the launch of its cryptocurrency and blockchain tracing tool on Tuesday.

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Expectations for Even Further Bitcoin Gains Keep Lid on Futures Contracts Liquidations

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Only $133 million in futures were liquidated on BitMEX as bitcoin soared above $11,400.

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Deribit Reports Daily Record $539M of Bitcoin Options Traded, More Than Double Prior High

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Exchange Deribit has more than doubled on its previous daily record with well over $500 million worth of bitcoin options traded.

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Why Bitcoin-Like Scarcity Would Be a Disaster for the Dollar

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Calls to restrict the Fed's money printing powers fail to recognize the likely consequences, including price instability.

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Swiss Exchange Lists World’s First Active Bitcoin ETP

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

FiCAS has listed the world's first actively-managed bitcoin ETP on Switzerland's SIX exchange.

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Fireblocks Claims Exchange Program Enables Zero-Confirmation Crypto Deposits

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Fireblocks says its new system provides crypto deposits on exchanges with zero confirmations and in real time.

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Bitcoin Futures Volume Surges 186% as Price Hits $11K

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

The market for Bitcoin futures snapped back into life on Monday as the cryptocurrency's price surged up to an 11-month high.

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First Mover: The Dollar Drop May Have Helped Push Bitcoin Past $11K

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

As the U.S. dollar’s value slides, prices are suddenly rising for just about everything priced in dollars. That includes bitcoin, which shot up some 13% on Monday for its biggest gain in almost three months. Prices soared past levels reached in February, prior to the pandemic-induced sell-off, reaching a new 2020 high of $11,180. You’re reading First […]

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One Billion, Two Billion, Three Billion, Four? DeFi’s Knocking on TradFi’s Door

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

DeFi is an overnight success years in the making. From "The DAO" hack to $3.6 billion in total value locked, here's the history of decentralized finance.

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Memories of London’s Devcon 1, Ethereum’s ‘Woodstock’ Moment

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ethereum’s Devcon 1, held in London in November 2015, featured adventuresome bankers and Big 4 consultants mingling with dreadlocked coders.

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Australian State Treasury Proposes ‘Flexible’ Regulatory Reform for Blockchain

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

The New South Wales Treasury is exploring regulatory reform for blockchain technology citing the need to promote innovation.

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Israel’s Stock Exchange Launches Blockchain Platform for Securities Lending

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

The new blockchain platform can facilitate peer-to-peer trading and allow the securities lending market to reach its full potential, the exchange said.

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Staking on Ethereum 2.0 Takes First Step With Test System for Validators

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

The transition to Ethereum 2.0 and its proof-of-stake consensus model is finally underway with a new test platform for future validators.

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Firm Uses Ethereum to Tokenize Sustainable Infrastructure in Fight Against Climate Change

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

UK-based fintech company Fasset aims to bridge the $15 trillion gap in sustainable infrastructure development with blockchain-backed investments.

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P2P Exchange LocalBitcoins Adds Crypto Surveillance Tools From Elliptic

July 28, 2020 / in CoinDesk, Coins Feeds / with No comments /

Elliptic's tracing software bolsters the peer-to-peer exchange's anti-money laundering safeguards.

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CoinDesk Live Recap: Ethereum Culture, Explained

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Maker Foundation board member Tonya Evans and former ConsenSys CMO Amanda Cassatt joined Leigh Cuen on Monday to discuss Ethereum’s ethos.

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Tetras Capital Shuts Down Crypto Hedge Fund After 75% Loss

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Tetras Capital, once a $33 million crypto hedge fund, is shutting down due to negative returns.

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Market Wrap: Bitcoin Blasts Past $10,000; Ethereum Fees up 550% in 2020

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin is experiencing high volumes, pushing the price close to $11,000. Meanwhile, Ethereum fees are up 550% this year.

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SPACs 101: A Bubble, the Future or Both?

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

A primer on, and critical look at, one of Wall Street’s hottest trends: special purpose acquisition companies.

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How Millennials Are Shaping the Future of Money

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

The desire for autonomy, self-sufficiency and personalization is driving innovation in personal finance, including the shift to crypto.

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Bitmain Spin-Off Launches Crypto Exchange to Go After Booming Options Market

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Matrixport has set up its own derivatives exchange and now wants to take on Deribit, the market leader for crypto options.

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Blockchain Bites: Ethereum’s Lifestyle Brand, Twitch’s Crypto Discounts and MakerDAO’s $1B Milestone

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

A Ripple executive built an XRP payments platform, a Washington. D.C.. court ruled bitcoin is money and Ethereum miners' profits are soaring.

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Why Debt Financing May Be a Double-Edged Sword for Bitfarms

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

BitFarms used high-interest-rate debt with large balloon payments to expand operations. Now it may struggle to pay off its debt, according to CoinDesk Research.

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Crypto News Roundup for July 27, 2020

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

With BTC breaking out, ETH exploding and gold at all-time highs, CoinDesk's Markets Daily is back with another crypto news roundup.

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Private Sector Could Bring Value to Future CBDC Launches, Says IMF Official

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

A director at the IMF has spoken of the value the private sector could bring to central bank digital currencies, should they be adopted by nations.

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Leading Austrian Telecom Provider Adds Cryptocurrencies to Its Cashless Payment Network

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

A1 Telekom Austria said cryptocurrencies will now be available to use in its cashless payment app, allowing over 2,500 merchants to accept bitcoin, ether and dash.

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Silvergate’s Bitcoin-Backed Lending Product Grew 80% in the Last Quarter

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Silvergate Bank continued to add a steady drip of crypto customers in Q2 but its issuance of bitcoin-collateralized loans is what stood out.

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US Government Files Fresh Charges Against PlexCoin ICO Organizers

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Having only settled with the SEC last year, the PlexCoin founders now face a fresh round of charges from the Department of Justice.

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Odds of Bitcoin Hitting Record High in 2020 Are (Slightly) Up, Options Data Suggests

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

The likelihood of bitcoin challenging 2017's record high by the end of this year may have just nudged up – but don't raise your hopes too high just yet.

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You Can Now Buy Hedera Hashgraph’s HBAR Token via Simplex

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Users can buy and sell cryptocurrency with a debit or credit card through global payment processor Simplex’s fiat gateway solution.

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Bitstamp Backs BCB’s SWIFT Alternative for Instant Cash-Crypto Settlements

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

BCB Group is launching an instant settlement network for cash and crypto.

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First Mover: Bitcoin at Last Passes $10K, But Why Has It Struggled While Gold Shone?

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

It's a tricky thing to explain why bitcoin has been underperforming as central-bank money printing helps drive gold to a new record.

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FTX to Launch ‘Scalable’ Decentralized Exchange in Weeks

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Building on the Solana blockchain means the new platform's operations are less restricted than those on Ethereum, the firm says.

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MakerDAO Passes $1 Billion Milestone in DeFi First

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

The total value of ether locked in DeFi's oldest project has surpassed $1 billion for the first time.

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Ripple’s Director of Product Unveils P2P Payments Platform Using XRP

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Craig DeWitt has unveiled the beta release of a personal peer-to-peer payments project that will work in popular web browsers.

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Twitch Doubles Down on Crypto, Gives Subscribers 10% Discount

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

By offering a discount, video streaming platform Twitch is encouraging users to actually use cryptocurrencies for goods and services.

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Ethereum Miners’ Income Soars by 60% in a Month – Outruns Ether’s Price Jump

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ethereum miners may have benefited the most from ether’s recent price rise and soaring transaction fees.

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85% of Italian Banks Are Exchanging Interbank Transfer Data on Corda

July 27, 2020 / in CoinDesk, Coins Feeds / with No comments /

Banks across Italy are using R3’s Corda blockchain to vastly speed up the process of double-checking transaction logs.

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Ethereum as Lifestyle Brand: What Unicorns and Rainbows Are Really About

July 26, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ethereum is more than a technology, it’s a lifestyle. Beyond cryptocurrency, the software has attracted a diverse community of contributors.

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Crypto Long & Short: Where Fintech Ends and Crypto Begins

July 26, 2020 / in CoinDesk, Coins Feeds / with No comments /

Parts of fintech may be embracing crypto, but Noelle Acheson argues that doesn’t mean crypto is fintech – it’s more than that.

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The Future for Unregulated Bitcoin Exchanges

July 26, 2020 / in CoinDesk, Coins Feeds / with No comments /

CoinDesk's Anna Baydakova talks to non-custodial p2p exchanges Hodl Hodl and Bisq about why we still want no-KYC bitcoin.

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Bitcoin Price Logs Two-Month High Above $10,000

July 26, 2020 / in CoinDesk, Coins Feeds / with No comments /

The DeFi-led rally in Ethereum's ether token looks to have spilled over into the bitcoin market, one analyst said.

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Is This China’s Century or the US’s? Maybe It’s Both

July 26, 2020 / in CoinDesk, Coins Feeds / with No comments /

This Long Reads Sunday is a reading of Adam Tooze's recent review of four books on the growing conflict between the U.S. and China.

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What Sex Workers Want to Do With Bitcoin

July 25, 2020 / in CoinDesk, Coins Feeds / with No comments /

Sex workers are starting their own businesses and working online, thanks to social media, according to this adult content creator.

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As Economic Indicators Get Worse, the US Revs Up the Next Multi-Trillion Stimulus

July 25, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Breakdown Weekly Recap covers growing U.S.-China tensions, worsening job numbers and the next casual $1-$3 trillion in stimulus.

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From Enron to Wirecard: How Blockchain Tech Could Have Helped

July 25, 2020 / in CoinDesk, Coins Feeds / with No comments /

If blockchain technology is used within a regulated financial system, Wirecard-esque scandals can be a thing of the past, writes BRD CEO Adam Traidman.

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CoinDesk’s Twitter Hack Proved the Media Can’t Rely on Web 2.0

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Last week's Twitter hack, which downed a key CoinDesk channel for seven days, showed how news groups are overly dependent on social media.

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Market Wrap: Bitcoin Near $9,600 as Gold Hits High, Uniswap Liquidity Over $100m

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin is up for the week, gold gets a new high and DeFi keeps growing.

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Could the European Recovery Plan Actually Break Europe Apart?

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

The EU’s Recovery Plan agreement has been widely hailed, but some argue that it is taking Europe down a dangerous path.

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Bitcoin Is a Form of Money, DC Federal Court Rules

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin is a form of "money", a Washington, D.C. federal court said on Friday.

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Everything You Need to Know About Ethereum 2.0

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

A new 22-page report from CoinDesk Research explains the technology behind Ethereum's upcoming overhaul – and the potential market impact of Eth 2.0.

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Ukraine’s Digital Ministry to Trace Suspicious Crypto Using Crystal Blockchain Software

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Government officials hope the partnership will fast-track the maturation of Ukrainian crypto markets.

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Bitcoin News Roundup for July 24, 2020

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

With BTC up 3.5% on the week and ETH up a lot more, CoinDesk's Markets Daily is back with another news roundup.

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Malaysian Watchdog Plans to Extend Crypto Regulations to Wallet Providers

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

The nation's Securities Commission is seeking feedback before finalizing new rules to be applied to digital asset wallet services.

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Money Reimagined: China’s ‘Cold War’ Blockchain Strategy

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

China's new digital currency and Blockchain Services Network are part of a national plan to escape U.S. financial hegemony.

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Blockchain Bites: Ghosn’s Crypto Payments, Russia’s Red Line and Why Banks Won’t Bite

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Carlos Ghosn’s smugglers were paid in crypto, cryptographers call out Craig Wright’s latest claims and it's unknown whether banks will custody crypto follow OCC letter.

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Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.

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French Officials Move to Start Trial of Alleged BTC-e Operator Alexander Vinnik

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

The alleged BTC-e operator stands accused of extortion, aggravated money laundering and conspiracy.

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Ether Leaves Bitcoin Behind With 2020 Gain of Over 100%

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ethereum's popularity with DeFi projects has likely led to a triple-digit year-to-date price rise for ether. Bitcoin lags well behind with a 34% gain.

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Carlos Ghosn’s $600K Bitcoin Escape Fee Paid Via Coinbase

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Carlos Ghosn's son paid approximately 63 bitcoin, now worth $608,000, to the two men who smuggled his father out of Japan last December.

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First Mover: Crypto’s $35T Moment Could Come From Analog-World Stock Listings

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

With Coinbase rumored to be considering a share listing, some say a move toward more public ownership could accelerate mainstream crypto adoption.

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Binance’s Fiat-Gateway Partner Banxa Expanding to US

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Banxa plans to leverage custody and settlement infrastructure from exchange platform Zero Hash.

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Crypto Bank Hopeful Bitcoin Suisse Raises $48M in First-Ever Round

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin Suisse said some of the funding will go on new product offerings if its banking license applications are successful.

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Czech Central Bank Board Member Criticizes CBDCs as ‘Helicopter Money’

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Czech National Bank's Tomas Holub said in an interview that central bank digital currencies raise more questions than answers right now.

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Opera’s Built-In Crypto Wallets Have 170K Monthly Active Users

July 24, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Norwegian browser maker has disclosed its crypto wallet user numbers for the first time.

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YouTube Seeks to Dismiss Ripple Lawsuit Over XRP Giveaway Scams

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

The video sharing giant filed a motion to dismiss Ripple’s lawsuit that alleges that YouTube did not do enough to stop free XRP giveaway scams, copyright infringement.

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Russia’s FSB Is Making Life Harder for Blockchain Companies

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

The FSB, Russia’s security agency, wants blockchain companies to certify with them. This could push foreign companies out of the market

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Blockchain Bites: OCC’s Crypto Letter, Eth 2.0’s ‘Official’ Testnet and Dinwiddie’s Tokenized Airball

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Visa said crypto is part of "the future of money," members of the U.S. Senate think the dollar should go digital and OCC will allow banks to custody crypto.

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Binance Enters German Market via Partnership With Crypto Investment Firm

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Binance has partnered with licensed German investment firm CM-Equity to offer crypto asset management and brokerage services in Germany and Europe.

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Bitcoin News Roundup for July 23, 2020

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

With BTC finally breaking out and ETH up even more, CoinDesk's Markets Daily is back with another crypto news roundup.

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Cambrian Raises $4M to Run $25M Crypto Quant Fund

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Cambrian has landed $4 million of operating capital from high-flying technology and finance investors to help run its $25 million data-driven crypto-trading fund.

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Ether Stalls After 8% Rally as Exchange Inflows Spike

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ether is struggling to extend Wednesday's price rally amid increased inflow of ether onto cryptocurrency exchanges.

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Prime Factor Capital Is Shutting Down: Lack of Capital Cited as Prime Factor

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

The firm became Britain's first FCA-approved crypto hedge fund last July.

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Don’t Expect Banks to Jump on the OCC Crypto Custody News

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

The OCC's ruling means nationally chartered banks can now custody crypto. But, given relatively low level of institutional interest, don't count on services appearing soon.

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Boston Fed Wants to Hire a Digital Currency Engineer

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

The one-year position will work on the Applied Fintech Research team's digital currency experiments.

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EU Privacy Shield Ruling Is an Opportunity and Conundrum for Decentralized Tech

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

A judgement striking down an EU-U.S. data sharing agreement may pose compliance issues for U.S. startups. But privacy tech could offer a post-law solution.

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First Mover: Ethereum a Victim of Its Own Success as Fees Soar, Vitalik Complains

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ethereum's growing popularity with stablecoins and DeFi projects means fees are soaring on the network. Does that offer an opening for the competition?

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Winklesvoss-Owned Gemini Now Provides Custody for .Crypto Blockchain Domains

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Gemini will offer custody on .crypto domains from Unstoppable Domains, which are based on non-fungible tokens much like cryptocurrencies.

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BitGo Now Supports Custody and Staking of Tezos’ XTZ

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

The addition expands BitGo’s proof-of-stake offerings, first unveiled last October.

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Veritaseum Accuses T-Mobile of Gross Negligence Over $8.6M SIM-Swap Hack

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Veritaseum alleges T-Mobile authorized no less than five SIM swaps, one of which brought the loss of $8.6 million in crypto.

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Chainlink Integration Brings Data Feeds to Binance’s DeFi Project

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Binance is building out a DeFi platform with its Smart Chain protocol and has integrated Chainlink as a pricing solution.

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3 Reasons Bitcoin’s Price Could Soon Rise to $10K

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

After a rise over $9,500 Wednesday, bitcoin looks set to climb toward the psychological price hurdle of $10,000. Here's three reasons why.

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Ant Group Claims 100M Digital Assets Are Uploaded to Its Blockchain Daily

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Days after announcing an expected $200 billion IPO, the Alibaba affiliate has rebranded its enterprise blockchain to AntChain.

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US House Passes Two Blockchain Amendments in Annual Defense Budget Bill

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

The U.S. House passed two provisions introduced by Rep. Darren Soto of Florida.

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How One Firm Is Addressing the Interoperability Problem Posed by FATF’s Travel Rule

July 23, 2020 / in CoinDesk, Coins Feeds / with No comments /

Crypto companies building solutions to the FATF "Travel Rule" may be creating a new interoperability problem. Netki is offering a fix.

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Orchid VPN Goes Live With Desktop App for Mac Users

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

An Ethereum-based service for privately browsing the web now has a desktop app for Mac users.

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Twitter Hackers Saw DMs From 36 Accounts, Including CoinDesk’s

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

The attackers who compromised Twitter in a massive breach last week might have accessed direct messages from up to 36 accounts, including CoinDesk's.

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Senate Hearing Sees Digital Dollar as a Tool for Economic Supremacy

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

The digital dollar again appeared during a Senate hearing. However, it wasn't the focus of the hearing, but rather just another tool that can be used to maintain U.S. hegemony.

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Visa Blog Post Hints at Future Digital Currency Projects

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Visa appeared on Wednesday to redouble its efforts to “shape and support” cryptocurrency’s place in the “future of money.”

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Mempool Manipulation Enabled Theft of $8M in MakerDAO Collateral on Black Thursday: Report

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

New research suggests March’s “Black Swan” event for Ethereum may have been a sophisticated plan to cash in on a global sell-off.

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Ethereum 2.0 Developers Announce ‘Final’ Testnet Before Network Launch

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Medalla, the final testnet before Ethereum begins its long-awaited, gradual transition to proof of stake (PoS), has been announced.

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Open Interest in Ether Options Jumps to New Record High

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Data from major exchanges shows that open interest in ether options rose to a new lifetime high of $194 million on Tuesday.

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tZERO Plans to Support Trading of Aspencoin Ski Resort Digital Security

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Token issuer Aspen Digital raised $18 million selling digital shares of the St. Regis resort in 2018.

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Crypto Needn’t Fear GPT-3. It Should Embrace It

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Rather than being scared of the GPT-3 language processor, the crypto community should harness its advancements in deep learning.

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Banks in US Can Now Offer Crypto Custody Services, Regulator Says

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.

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Blockchain Bites: Coinsquare Conclusion, Ethereum Fees and a GPT-3 Poet

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ethereum fees are up, as are users on the Bitcoin network. This is everything you need to know in crypto today.

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Bitcoin News Roundup for July 22, 2020

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

With the price of BTC taking a breather following yesterdays jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.

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How Uniswap Became King of DEXs

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Uniswap, an automated market maker (AMM), has torn it up in the last year, becoming the world’s largest “DEX” by volume. Here's why it won.

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Newly Discovered Botnet Infected Up to 5,000 Computers with a Monero Miner

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Cisco researchers estimate the botnet may have earned its owner $5,000 worth of monero since it started operation four months ago.

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Lithuanian Central Bank’s Commemorative Digital Token Goes Live Tomorrow

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Bank of Lithuania will issue 24,000 digital tokens commemorating its Act of Reinstating Independence.

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Cryptopia Creditor Issues Legal Notice to Liquidator Over Alleged Failures, Fees

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Blockchain firm GNY has sent a legal notice to Grant Thornton New Zealand over alleged high fees and failures to properly address its claim.

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Crypto Custodian Anchorage Adds Litecoin Support

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

The U.S.-based crypto custody provider has added support for litecoin, the eighth largest cryptocurrency by market capitalization.

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BitMEX Owner Awards $50K Grant to Bitcoin Smart Contract Developer

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

100x said the $50,000 grant to Jeremy Rubin would help fund further development of the Bitcoin smart contract language, Sapio.

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First Mover: This DeFi-Ready Token Is Teaching Crypto Traders to Cherish Inflation

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Prices have jumped for Ampleforth's AMPL tokens, but so has the supply – and it's all gone straight into traders' pockets.

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Bitcoin ‘Active Entities’ at Highest Since 2017 Bull Run

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

The on-chain metric suggests Bitcoin is garnering users despite the cryptocurrency’s extended period of comatose price action.

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Korean Government Proposes Tough New 22% Tax on Crypto Trading

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.

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Google, Twitter and Facebook Face $600M Lawsuit Over Crypto Ad Bans

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

The corporate giants could soon face the wrath of cryptocurrency business owners in a lawsuit over the banning of crypto advertising in 2018.

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Coinsquare Exchange Execs to Resign Over Wash Trading Scandal

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

In a settlement with the Ontario Securities Commission, three seniors executives at the Canadian exchange agreed to step down and pay penalties over fake trades.

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DeFi Hype Has Sent Ethereum Fees Soaring to 2-Year High: Coin Metrics

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

The knock-on effects of the DeFi hype include high fees and less active users on Ethereum, according to Coin Metrics.

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China’s Supreme Court Calls for Better Protection of Digital Currency Rights

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

A new guideline comes amid rising numbers of legal disputes in China over the ownership of digital currencies like bitcoin.

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Latvian Police Seize Crypto Worth $126K in Bust of Suspected Cybercrime Ring

July 22, 2020 / in CoinDesk, Coins Feeds / with No comments /

The “large-scale" money laundering operation ran from 2015 through 2020, police officials allege.

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Market Wrap: Bitcoin Briefly Pops Above $9,400 as Global Stocks Rally

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin broke through $9,400 as stock indices around the world make gains.

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ERX Gets License to Launch Exchange in Thailand

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Thailand’s securities watchdog has granted a digital assets exchange license to Elevated Returns’ ERX trading platform.

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What’s Behind the Fed’s New Push to Promote Inflation?

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Why the Fed’s strategy on inflation is changing and why the definition used by America’s central bank may be hurting regular people.

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Russia to Treat Crypto as a Taxable Property

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Russia changed its draft bill regulating crypto and digital assets. You won’t go to jail for facilitating crypto deals in the country – at least, not just yet.

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July’s Decentralized Exchange Volumes Have Already Topped June’s Record, Reaching $1.6B

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

DEX trading volume already beat June's record, passing $1.6 billion as of Tuesday.

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Blockchain Bites: China’s BSN Integrations and Satoshi’s Newfound Wealth

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ethereum Classic supporters are ditching the project, top exchanges are developing "Travel Rule" solutions and, FYI, YFI might have a backdoor.

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Blockchain Fintech Firm BitBond Joins German Bank Association Bankenverband

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Berlin-based fintech firm announced on Tuesday that it had joined the association for private banks in Germany.

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Bitcoin News Roundup for July 21, 2020

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

With the price of BTC catching a bid in early trading, CoinDesk's Markets Daily is back with another bitcoin news roundup.

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Ethereum Turns Five Next Week and We’re Producing a Special Series

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Meet "Ethereum at Five" – a cross-platform series featuring special coverage, a limited-run newsletter and live-streamed discussions on Twitter.

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Robinhood, Under Cloud After User’s Suicide, Scraps UK Launch

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Stocks, ETFs and crypto investment platform Robinhood told prospective UK customers the launch in the country has been indefinitely postponed.

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Bitcoin Futures Pass $1B in Open Interest on BitMEX for First Time Since March Crash

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin futures open interest across all exchanges passed $4 billion Tuesday morning.

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Singapore May Extend Crypto Regulation to Include Overseas Activities

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Under the central bank's proposals, Singapore regulation would end up covering the overseas activities of locally based crypto companies.

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SEC Commissioner Pierce Blasts Regulator’s Action Against Telegram

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

'Crypto mom' took no prisoners in her fiery rebuke of the SEC's Telegram action.

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China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

China’s blockchain infrastructure BSN will expand its global reach by integrating with six major public chains including Tezos, NEO, Cosmos’ Irisnet, Nervos, Ethereum and EOS. Developers using these blockchains will be able to run nodes and build dapps in the network.

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Institutional Trading House ErisX Joins Silvergate Exchange Network

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

ErisX, a crypto exchange for institutional investors, has joined the payments network of bitcoin-friendly Silvergate Bank.

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Figure’s Mike Cagney: How to Build a Business in Blockchain

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Mike Cagney, who also co-founded SoFi, is one of fintech's most accomplished entrepreneurs. He talks to ConsenSys's Lex Sokolin about keys to success for blockchain startups.

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CipherTrace Says It Can Instantly Flag Shady Transactions With Predictive Risk Scores

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

The blockchain analytics firm claims its new system respects crypto users’ privacy while also flagging suspect transactions

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First Mover: Bitcoin Shows Signs of Life But Ether (And Crew) Steal the Limelight

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

In the race to become the dominant cryptocurrency platform, Ethereum is gaining on Bitcoin.

from CoinDesk https://ift.tt/2OGmztv

Bitcoin Rises With Stocks as EU Agrees €750B in Coronavirus Stimulus

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin edged higher on Tuesday as stock markets cheered the EU's decision to approve a landmark coronavirus recovery fund.

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CoolBitX and Elliptic Team Up to Offer Crypto Firms Compliance Tools

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

The two companies will provide a package of their respective solutions to crypto firms such as exchanges needing to stay in compliance with regulators.

from CoinDesk https://ift.tt/3hn6IfK

BitMEX Owner Leads $3.4M Round for South African Crypto Exchange

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

BitMEX owner 100x said investing in VALR’s Series A would bring exposure to the fast-growing South African market.

from CoinDesk https://ift.tt/2WXi5mT

Samsung Adds Support for Blockchain VR Platform Decentraland

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Samsung now supports Decentraland’s native tokens, LAND and MANA, within its Blockchain Wallet App.

from CoinDesk https://ift.tt/3eQVjTw

Crypto Exchange Group Eyes ‘Bulletin Board’ System for FATF Compliance: Coinbase Exec

July 21, 2020 / in CoinDesk, Coins Feeds / with No comments /

Top cryptocurrency exchanges including Coinbase will release a white paper detailing a way to comply with the Financial Action Task Force's "Travel Rule."

from CoinDesk https://ift.tt/2CSpRXW

Market Wrap: Bitcoin Clings to $9,200 While Ethereum Transactions Soar

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin trades flat in July, leading investors to mull other cryptocurrencies.

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OpenEthereum Supported 50% of Ethereum Classic. Now It’s Leaving the Project

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Two of Ethereum Classic’s largest clients are walking away from the project. That leaves only 30% of the network to support future updates.

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Last Week’s Big Twitter Hack Was Years in the Making

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Last week's Twitter hack was a shock to the company. It shouldn’t have been. Scams have been growing more sophisticated for years.

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What Is GPT-3 and Should We Be Terrified?

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

The internet is alive with demos of what the latest artificial intelligence language model can do. Should we be nervous?

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Argentine Telecom Hackers Demanded $7.5 Million in Crypto as Ransom

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Argentina’s leading telecommunications company fought off a cyberattack on Saturday where hackers demanded a hefty ransom in monero to release keys that would allow infected computers back into the system.

from CoinDesk https://ift.tt/3hiVSHn

Alibaba’s Ant Group Plans Dual IPOs at Possible $200B Valuation

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

The dual-listing could turn Alibaba affiliate Ant Group into one of the largest companies operating in the blockchain space.

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Accenture, HSBC, Seba Bank Among Bank of France’s Eight CBDC Finalists

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Bank of France’s central bank digital currency (CBDC) experiments are moving forward with eight candidate firms picked to begin work “in the coming days,” the central bank said in a press release Monday.

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Power Struggle Inside Bitmain ‘Hard Forks’ Bitcoin Miner Production

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

The ongoing battle between the two co-founders at Bitmain has essentially hard forked the production at the world’s largest bitcoin miner manufacturer.

from CoinDesk https://ift.tt/2CMqQZz

Whale Alert Identifies 1.125 Million BTC as Satoshi’s Stash

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

New on-chain analysis from Whale Alert suggests Satoshi Nakamoto mined an estimated 1,125,150 in bitcoin, now worth an estimated $10.9 billion.

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Blockchain Bites: PayPal, Mastercard Inch Closer to Crypto

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Also, a longer look at crypto's reaction to GPT-3, "the biggest thing since bitcoin."

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Swipe Futures Volume Equals 42% of Its Market Capitalization

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

SXP futures volume signal continued interest in low-capitalization cryptocurrencies as bitcoin continues to trade in a tight range.

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Bitcoin News Roundup for July 20, 2020

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

With bitcoin's trading range getting even tighter, CoinDesk's Markets Daily is back for your bitcoin news roundup.

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UK Government Moving to Restrict Cryptocurrency Promotions

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Under the U.K. government's proposals, unauthorized companies would need explicit approval to legally market cryptocurrency products.

from CoinDesk https://ift.tt/2E2dFV3

Japanese Financial Giant MUFG to Launch Digital Currency in 2020

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

The world's fifth largest bank is set to go ahead with a digital currency launch in collaboration with Indeed.com parent firm Recruit Group.

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Is Crypto Fintech? It Depends Who You Ask

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Crypto is financial technology. But Is it fintech?

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Standard Chartered to Launch Institutional Crypto Custody Solution

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

The head of Standard Chartered's venture arm said the crypto custody solution could launch into test phase sometime later this year.

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First Mover: Bitcoin Miners Find Upgrade Financing Aplenty, Even as Prices Languish

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Big-money players are extending financing to bitcoin miners for equipment upgrades, even though prices are still torpid two months after the halving.

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Bitcoin Futures Trading Volume Slips to 3-Month Low on CME

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Trading activity in bitcoin futures listed on the Chicago Mercantile Exchange has cooled as the top cryptocurrency languishes in the price doldrums.

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Bank of Japan Forms New Team to Explore Central Bank Digital Currency

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Bank of Japan is warming to digital currencies and now has a team dedicated to researching a possible digital yen.

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Mastercard Now Allows Crypto Firm Wirex to Issue Payment Cards

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Mastercard said Wirex is the first crypto company to become a principal member, meaning it can directly issue payment cards to its customers.

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Canada Crypto Exchange Coinsquare Accused of Wash Trading by Watchdog

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Ontario Securities Commission alleges Coinsquare manipulated markets with fake trading volumes between 2018 and 2019.

from CoinDesk https://ift.tt/3jnOOv9

Wanted Wirecard Exec Said to Be Sheltered by Secret Service in Russia

July 20, 2020 / in CoinDesk, Coins Feeds / with No comments /

Jan Marsalek, a former board member of Wirecard who is wanted over allegations of fraud, is reportedly being sheltered in Moscow by the biggest Russian secret service.

from CoinDesk https://ift.tt/2OIkP2G

PayPal Picks Paxos to Supply Crypto for New Service, Sources Say

July 19, 2020 / in CoinDesk, Coins Feeds / with No comments /

PayPal has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter.

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Crypto Long & Short: Why the Twitter Hack Was Good for Bitcoin (and It’s Not the Media Attention)

July 19, 2020 / in CoinDesk, Coins Feeds / with No comments /

Yes, the Twitter hack was basically a giant bitcoin scam. But the fallout is showing the world the strengths of cryptocurrency and decentralization.

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Are Stablecoins Eurodollars 2.0? Long Reads Sunday

July 19, 2020 / in CoinDesk, Coins Feeds / with No comments /

Long Reads Sunday features two essays previously published on CoinDesk that show the trajectory of stablecoins in the global economy in 2020.

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The Origins of the World’s Oldest Bitcoin Metric, Explained

July 19, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin days destroyed (BDD) was first introduced as a concept back in 2011. At the time, it had only been two years since the creation of the world’s first cryptocurrency, bitcoin. Individuals were already beginning to innovate ways to measure on-chain transaction activity and value.

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Social Media Is Democracy’s Faultline: The Breakdown Weekly Recap

July 18, 2020 / in CoinDesk, Coins Feeds / with No comments /

From PayPal crypto confirmed to action in central bank digital currencies, these were six themes shaping the week.

from CoinDesk https://ift.tt/32y8ztQ

Novel Charts Dark Side of ICO Mania

July 18, 2020 / in CoinDesk, Coins Feeds / with No comments /

Haydn Wilks' latest novel examines the cryptomania of the 2017 ICO boom.

from CoinDesk https://ift.tt/2OAeZAi

Market Wrap: Derivatives, Altcoins Take Market Spotlight as Bitcoin Dozes at $9,100

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

Derivatives and altcoins are providing excitement as bitcoin spot trading stays dull.

from CoinDesk https://ift.tt/2Wq454H

Colorado Is Betting on ETHDenver and Web 3 for Its Next Lottery Games

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

Eyeing a billion-dollar revenue goal by 2023, the state-run lottery is getting creative with its game offerings.

from CoinDesk https://ift.tt/2Ox7kCY

What If the Too-Strong Dollar Is a Solved Problem? Feat. Jon Turek

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

Finance writer Jon Turek argues that between Federal Reserve swap lines, Europe stabilization and a few other factors, the strong dollar problem may be (temporarily) solved.

from CoinDesk https://ift.tt/30eLjhy

Twitter Hacker Is Mixing Bitcoin Loot Using a Wasabi Wallet, Elliptic Says

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

According to the crypto analytics firm, 2.89 bitcoin associated with Wednesday’s security breach was moved to a Wasabi wallet late last night.

from CoinDesk https://ift.tt/2OzYB2W

Money Reimagined: This Isn’t Good for Bitcoin

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

This week's Twitter hack won't make it easier for the crypto industry to win friends in Washington D.C., with possible implications for DeFi and more. How we talk about events like this matters.

from CoinDesk https://ift.tt/30nOeoi

Malaysia Crackdown Unlikely to Affect Binance, eToro

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

Malaysia’s financial watchdog has said Binance and eToro don’t comply with the country’s securities law; it’s unlikely to make much of a difference to their local operations, however.

from CoinDesk https://ift.tt/3fGlaib

The DOJ Wants to Hire a Crypto Crime Attorney Adviser

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Department of Justice wants to hire an attorney adviser to specialize in cryptocurrency, dark web and hacking criminal cases.

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Blockchain Bites: Binance’s Bitcoin Mining, ConsenSys’ Legal Trouble and Why Politicians Blame Twitter, Not Bitcoin

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

Binance will consolidate its bitcoin mining, ConsenSys is accused of intellectual property theft and Wonder Woman's illustrator will sell art on Ethereum.

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US Agency Says Chinese Drug Traffickers Used Bitcoin to Launder Proceeds

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

The U.S. Office of Foreign Asset Control has sanctioned four Chinese residents, claiming they helped launder drug proceeds using bitcoin.

from CoinDesk https://ift.tt/3jdl2sP

IRS Seeks Elliptic’s Crypto Tracing Software in Response to COVID-19

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

President Donald J. Trump invoked the Stafford act in March, authorizing federal agency funding.

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Twitter Doesn’t Need Web 3.0 to Solve Its Identity Problem

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

The great Twitter hack does not herald the end of the centralized web. But we need stronger cryptography for social media.

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Bitcoin News Roundup for July 17, 2020

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

With Binance expanding its miner ambitions and Thailand's CBDC seeing early use, CoinDesk's Markets Daily is back with another bitcoin news roundup.

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Aave’s LEND Token Is Now Up 1,600% in 2020

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

The native token of the decentralized lender Aave has risen by over 100% this month alone.

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‘Wonder Woman’ Illustrator Jose Delbo to Release Comic Book on the Blockchain

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

Noted DC Comics illustrator Jose Delbo is releasing limited-edition artworks on a blockchain-powered platform this month.

from CoinDesk https://ift.tt/397UG6J

First Mover: Why Bitcoin Traders Couldn’t Give a Sat About the Twitter Hack

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin barely moved on this week’s Twitter hack. Here's what analysts said about why the attack had such little effect on prices.

from CoinDesk https://ift.tt/3jeWuj2

Thailand Already Using Central Bank’s Digital Currency

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

Thailand's digital currency is backed by the central bank’s foreign currency reserves, which have grown by $25 billion over the past 12 months.

from CoinDesk https://ift.tt/2B7WgsZ

Crypto Wallet Provider Sylo Targets Growing India Market Through Exchange Partnership

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

Digital wallet provider Sylo has teamed up with India-based exchange Bitbns aiming to serve the nation's revitalized cryptocurrency market.

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Twitter Says Hacker Group Targeted 130 Accounts

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

The group behind Wednesday’s Twitter hack targeted up to 130 accounts and managed to gain full control of a smaller subset.

from CoinDesk https://ift.tt/2B8ehat

BlockFi Hires Former Deutsche Bank, Barclays Alum as General Counsel

July 17, 2020 / in CoinDesk, Coins Feeds / with No comments /

The crypto lending platform has hired banking veteran Jonathan Mayers as general counsel in a bid to stay ahead of the regulatory curve.

from CoinDesk https://ift.tt/3eJbHWo

Bitcoin Has American Mindshare but Few Users

July 16, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

The results from the Federal Reserve's annual Survey of Consumer Choice are in: Most people know of bitcoin, few are using it.

from Search Results for “bitcoin-cash” – CoinDesk https://ift.tt/2WjXjNW

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

July 16, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

Revolut customers in the U.S. can now buy, hold and sell BTC and ETH on the digital bank’s crypto platform, thanks to a partnership with Paxos.

from Search Results for “bitcoin-cash” – CoinDesk https://ift.tt/2Ccz5OE

A Rare Glimpse Into How Crypto Is Really Used in Venezuela

July 16, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

After airdropping cryptocurrency to 60,000 users in Venezuela, AirTM survey results suggest how crypto is really used in the economically troubled nation.

from Search Results for “bitcoin-cash” – CoinDesk https://ift.tt/3fhPBeq

Binance Pool Poised to Grab More Bitcoin Hash Rate in Russia and Central Asia

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region.

from CoinDesk https://ift.tt/2CHL0ns

No, the Twitter Hack Wasn’t About Bitcoin

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

The motivations and implications of a hack that had everyone from Coinbase to Kanye shilling a scam for bitcoin.

from CoinDesk https://ift.tt/30kLFTQ

Alchemy Launches Product to Help Developers Monitor Blockchain Apps

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

Launched Thursday, Alchemy Monitor has already been put to use by crypto firms such as 0x, MyEtherWallet, Lucid Sight and Zerion.

from CoinDesk https://ift.tt/3fzzd9u

Bitcoin Miner Supply Sent to Exchanges Fell to 12-Month Lows in Q2 2020

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin miners, following the law of supply and demand, curtailed their supply to exchanges to the lowest level in 12 months during the second quarter.

from CoinDesk https://ift.tt/3h7l8Ag

Twitter Hacker Is a BitMEX Trader, On-Chain Data Suggests

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

Whoever is responsible for Wednesday's Twitter hack was deep into the cryptocurrency space, with the BitMEX receipts to prove it.

from CoinDesk https://ift.tt/30iOC7r

Amazon Prime Membership Should Have Been a Tokenized Asset

July 16, 2020 / in CoinDesk, Coins Feeds / with 1 comment /

Tokenization can distribute investment gains more fairly, says our columnist. Just think if Amazon had been a tokenized by its users rather than run for shareholders.

from CoinDesk https://ift.tt/3ezQ4HY

Blockchain Bites: Twitter Hack Fallout, A New Way to ‘Yield Farm’ and a Hurricane-Proof CBDC

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

What the Twitter hack means for Bitcoin, why stablecoins are on the rise in Hong Kong and a new way to farm yield using NFTs on Ethereum.

from CoinDesk https://ift.tt/3jaNr2D

Bitcoin News Roundup for July 16, 2020

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

With much of the social media world reeling from Wednesday's massive, unprecedented breach at Twitter HQ, CoinDesk's Markets Daily is back with another bitcoin news roundup.

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ConsenSys Accused of Stealing Payment Startup’s Code for Rival Service

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

BlockCrushr claims investor ConsenSys abused its position of trust to gain access to its source code and create an alternative offering.

from CoinDesk https://ift.tt/3h3bXAU

Blockchain Enabled Fantasy Soccer Firm Sorare Raises $4M in Seed Fund Round

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

Using the ethereum blockchain Sorare generates unique digital cards representing soccer players, that can be traded by users and used in weekly league competitions.

from CoinDesk https://ift.tt/2ZxYRph

After the Twitter Hack, We Need a User-Owned Internet More Than Ever

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

Decentralized social media systems are still immature, but "as of yesterday, we can no longer claim they are a solution searching for a problem."

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First Mover: ‘Boring’ Bitcoin Shrugs Off Twitter Hack as Stablecoins Co-Opt Satoshi’s Dream

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

Prices for bitcoin barely budged, even as a scam involving the cryptocurrency appeared to be the motivation for a massive Twitter hack.

from CoinDesk https://ift.tt/30fK4Po

Bitcoin Option Traders Now Betting on Short-Term Price Drop

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

With bitcoin looking heavy this week, short-term sentiment in the options market has flipped bearish.

from CoinDesk https://ift.tt/2WpVzmm

Microsoft Partners with Waves to Tokenize Industrial Assets

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

The five year agreement will see Microsoft and Waves collaborate on a possible asset tokenization platform for company equipment.

from CoinDesk https://ift.tt/32nKqG9

Zcash Latest Hard Fork ‘Heartwood’ Makes Mining Private

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

Privacy coin Zcash has successfully hard forked at block height 903,00 in a planned network update known as “Heartwood.”

from CoinDesk https://ift.tt/395NQiq

$1.4B in ‘High-Risk’ Crypto Flowed Onto Exchanges in H1 2020, Analysis Firm Says

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

China-based blockchain analysis firm PeckShield tracked 100 million crypto addresses for its research.

from CoinDesk https://ift.tt/3j9l9FW

OKCoin Joins Coinbase in Supplying Oracle Feed for DeFi Project Compound

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

OKCoin says its regulated status and liquidity mean users will be able to trust that its data feed will be accurate and reliable.

from CoinDesk https://ift.tt/2Zz9rN2

Man Charged with Defrauding $4.5M in Crypto to Fund Gambling Habit

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

The New York man asked investors for loans for what he called a low-risk investment, but the DOJ said most of the money was sent to offshore gambling sites.

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Binance CEO Criticizes Twitter Security After Coordinated Attack on Prominent Accounts

July 16, 2020 / in CoinDesk, Coins Feeds / with No comments /

Talking to CoinDesk at the World Blockchain Summit Asia on Thursday, Chanpeng "CZ" Zhao called Twitter's security "weak" after a wave of account breaches Wednesday.

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Twitter Hack Used Bitcoin to Cash In: Here’s Why

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

You can send bitcoin from your phone or computer to anyone else, just about anywhere in the world. And once you’ve sent it, you can’t get it back.

from CoinDesk https://ift.tt/2WoAGIe

Twitter Says ‘Coordinated Social Engineering’ Attack Caused Bitcoin Scam

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Twitter says "a coordinated social engineering attack" against an employee caused Wednesday's massive takeover.

from CoinDesk https://ift.tt/32zxWf1

Chainalysis Says Bitcoin Scammed From Twitter Users Is ‘On the Move’

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

The defrauded bitcoin amassed during Wednesday’s monumental Twitter hack is already “on the move,” according to cryptocurrency tracing firm Chainalysis.

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Twitter Breach Reactions: Security Professionals Offer an Early Assessment

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

OpSec pros had a wide array of opinions on Wednesday's Twitter breach, but they all agreed the fault did not lie with each hacked account's owner.

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Obama, Biden, Netanyahu, Musk: Here’s a List of Every Hacked Twitter Account

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Twitter got hacked. Prominent users are shilling sketchy crypto addresses. Here's a list of victims.

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Yield Farming Expands From Finance to Digital Collectibles

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Fresh new soils can now be tilled for yield on Ethereum: the world of digital collectibles. NFT site Rarible is issuing a governance token.

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BitMEX Derivatives Exchange Operator Rebrands to ‘100x’

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

BitMEX's parent company, HDR, has undergone a perhaps controversial rebranding to 100x.

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Darknet Markets are Mixing Bitcoins At Blistering Pace: Report

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Darknet markets mixed $67 million in bitcoin in Q1 2020, a staggering jump from 2019's Q1 totals: $3 million.

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Filecoin Pushes Back Final Testing Phase, Announces ‘Calibration Period’ for Miners

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Filecoin has delayed the launch of its incentivized testnet by two weeks, providing a window for miners to test their set-ups.

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New Metric Suggests Imminent Volatility for Bitcoin

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

The ratio of low exchange volume to high on-chain transaction volume frequently corresponds with increased volatility.

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Hong Kong Citizens Turn to Stablecoins to Resist National Security Law

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Hong Kong's national security law enables the government to seize and confiscate assets if one commits a "political crime." Some local citizens are turning to stablecoins for protection, while exploring other decentralized technology to resist censorship.

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Coffee Giant Behind Folgers, Café Bustelo Taps IBM for Track-and-Trace Blockchain

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

IBM is giving its blockchain track-and-trace capabilities the social-impact treatment with a provenance application focused on coffee.

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Bitcoin Has American Mindshare but Few Users

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

The results from the Federal Reserve's annual Survey of Consumer Choice are in: Most people know of bitcoin, few are using it.

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Grayscale Says Institutions Invested Record $900M in Crypto Products in Q2

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Two consecutive record quarters for Grayscale mean cumulative capital inflows have doubled in the past six months to $2.6 billion.

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Quantstamp Audit Greenlights Ethereum 2.0 Client Prysm for Launch

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ethereum 2.0 client Prysm is “basically ready” to launch, according to the audit firm's CEO Richard Ma in a phone call with CoinDesk.

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With Bitcoin Stuck in the Doldrums, Altcoins Continue to Rally

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Altcoins like Chainlink's LINK token continue to outshine bitcoin, which is still consolidating above $9,000.

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Japan Is Seriously Considering a Digital Yen: Report

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

As rivals and allies move forward with their own CBDC plans, Japan will seriously consider a digital yen as part of this year's policy agenda.

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First Mover: UK Economy Setback Renews Questions of Bitcoin’s Resilience

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

The U.K. is recovering from the economic effects of the coronavirus more slowly than expected. Would a fresh market drop pull down bitcoin too?

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Disgraced Lobbyist Jack Abramoff Pleads Guilty to Fraud in Crypto Case

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Previously convicted lobbyist Jack Abramoff has pleaded guilty to knowingly promoting an alleged crypto fraud with false and misleading information.

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Morgan Creek Leads $2.8M Seed Round for Crypto Insurance Upstart Evertas

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Formerly called BlockRe, the crypto insurance provider raised the seed round from Morgan Creek,Plug n Play, Kailash Ventures and other investors.

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UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Revolut customers in the U.S. can now buy, hold and sell BTC and ETH on the digital bank’s crypto platform, thanks to a partnership with Paxos.

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Promoters of Crypto Ponzi Scheme OneCoin Murdered in Mexico

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Two promoters of the crypto Ponzi scheme OneCoin were found dead in Mexico last month.

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China to Test Digital Yuan on Tencent-Backed Food Delivery Platform

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Now three Tencent-backed companies are setting themselves up to become early-stage testers for China’s digital yuan initiative.

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Russian Activists Use Bitcoin, and the Kremlin Doesn’t Like It

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Activists and dissidents in Russia use crypto for fundraising – yet widespread adoption is still far away.

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Jack Dorsey’s Cash App Sponsors NASCAR Driver Bubba Wallace

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

The NASCAR driver has a new sponsorship deal with Jack Dorsey's Cash App that will see him sport the bitcoin logo at race events.

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FBI Report on Laundering by Private Funds Cites OneCoin Fraud in All but Name

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

OneCoin, an infamous crypto fraud, makes an uncredited cameo in a leaked FBI intelligence bulletin on the money laundering risks of investment funds.

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NYDFS Chief Calls Industry Reaction to BitLicense Changes ‘Beyond Positive

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

NYDFS Superintendent Linda Lacewell said she decided to review the regulator's landmark virtual currency license in light of its impending 5-year anniversary.

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Standard Chartered Participates in Jammed $18M Round for Crypto Custodian

July 15, 2020 / in CoinDesk, Coins Feeds / with No comments /

Standard Chartered said it invested in Metaco to improve the relatively undeveloped market infrastructure in digital assets.

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Kraken Adds 3 DeFi Tokens – COMP, KAVA, KNC

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance.

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Bitcoin News Roundup for July 14, 2020

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

With Tax Day fast approaching, CoinDesk's Markets Daily covers all things IRS and crypto taxes on today's show!

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VMware Joins Samsung, Salesforce as Investor in Digital Asset’s Series C Funding Round

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

Enterprise blockchain maker Digital Asset says VMware has joined its Series C funding round, though it didn't say how much has been raised.

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PayPal Told EU It Had Crypto Plans Back in March

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

PayPal had previously declined to say whether it had any designs in the crypto space; the letter from early March appears to confirm it.

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Gemini Boosts User Security With Hardware Security Key Support for Android and iOS

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Winklevoss brothers' Gemini exchange says hardware security keys can protect users against hacks and SIM swaps.

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Fidelity Digital Assets to Custody Bitcoin in Kingdom Trust Retirement Accounts

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

Kingdom Trust CEO Ryan Radloff hopes the partnership with Fidelity will nudge the investment giant closer to serving retail crypto investors.

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Shyft Debuts ‘Decentralized Version of SWIFT’ for FATF Travel Rule

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

Shyft Network says 30+ exchanges are testing its blockchain-based solution to help cryptocurrency companies comply with the FATF Travel Rule.

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Five Years On, Ethereum Really Is the ‘Minecraft of Crypto-Finance’

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Ethereum community has delivered on many of its promises, says the author of a new book charting the blockchain's early history.

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Bitcoin Volatility Metrics Are Like November 2018 All Over Again

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin is locked in a low-volatility squeeze similar to one seen ahead of a 40% price crash in November 2018. This time may be different.

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Gate.io, Huobi Enter Booming Crypto Options Scene

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

The two exchanges are moving into the crypto options scene, which continues to grow as volumes on spot and futures markets spiral.

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First Mover: Bitcoiners Not Worried Fed Money Printer Has Stopped Going ‘Brrrr’

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Federal Reserve's balance sheet is shrinking, but bitcoin investors are betting it's only a matter of time before the economic toll of the coronavirus leads to more money printing.

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BitGo Looks to Rally Exchange Clients Around FATF Travel Rule Product

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

BitGo has joined the pack of solution providers attempting to bring crypto in line with FATF anti-money laundering standards.

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Binance Rolling Out Crypto Card for EU, UK Markets

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

Users in Europe will be able to apply for the Binance Card from August, those in U.K. will be able to do so shortly afterwards.

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A Rare Glimpse Into How Crypto Is Really Used in Venezuela

July 14, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

Crypto Lender Nexo to Enter Prime Broker Race, Enlists Chainlink for Audits

July 14, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that will bring more transparency to its operations.

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Tether

July 14, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

Tether was one of the first cryptocurrencies to peg its market value to a fiat currency. Launched in July 2014, Tether, originally called “Realcoin”, valued each token at $1.00 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. Due to its dollar peg, Tether and other similar cryptocurrencies have been dubbed “stablecoins”. […]

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Canadian Government Paid Justin Trudeau Family Member to Talk at Blockchain Event

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

Canadian politicians are seeking answers after the half-brother of the prime minister was paid by the federal government to speak at a blockchain conference.

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Bank of England Considering a Central Bank Digital Currency, Governor Says

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

The U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years.

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2020: The Year Ethereum Stayed Home

July 14, 2020 / in CoinDesk, Coins Feeds / with No comments /

This is a weird year for everything and everyone but it's particularly weird for Ethereum – which is known for a globetrotting slate of annual events.

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IRS Violated ‘Taxpayer Bill of Rights’ With 2019 Crypto Letters: Watchdog

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Nearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.

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Crypto Taxes: Still Confused After All These Years

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Many tax professionals claim the recent guidance didn’t provide much clarity and created more confusion than it dispelled.

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Hodlers Can Donate Crypto to Charity to Minimize Tax Payments

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Donating crypto means it won’t be taxed, say The Giving Block and TAXbit, which published a guide to facilitate such donations.

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Even the IRS Admits Some Crypto Tax Regulations Are ‘Not Ideal’

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.

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Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

A bullish stock market left bitcoin behind Monday with the world’s oldest cryptocurrency trading flat.

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Researcher Hopes Cosmos-Style ‘Checkpoint’ Could Fix Ethereum’s Data Problem

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

The “ReGenesis” proposal by Ethereum researcher Alexey Akhunov would “nuke” the state for certain nodes. It might just fix the network’s growing data issue.

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Vulgar Crypto Index (Rhymes With ‘Bitcoin’) Hits All-Time High

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

A novel index of 50 low-capitalization cryptocurrencies made new all-time highs as it continues to outperform bitcoin.

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The Real Story Behind Tesla’s Crazy Rally

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

As Elon Musk settles into being richer than Warren Buffett, NLW looks at what is driving the Tesla stock rally.

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Google Searches for Chainlink Hits High as Link Token Rallies

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Have you googled Chainlink lately? You're far from the only one, according to new data.

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Blockchain Bites: It’s Never Been Harder to Mine Bitcoin

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin's mining difficulty is at a record high, Singapore's CBDC may find commercial use and Chinese companies are going in on Filecoin.

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Polkadot’s Inaugural Vote Could Expand DOT Supply by 1000x

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

The first vote on Polkadot will be to see whether the DOT supply should be redenominated by a "logical" 100x or even by 1000x.

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Bitcoin News Roundup for July 13, 2020

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

With BTC mining difficulty reaching a new record high, CoinDesk's Markets Daily is back with your bitcoin news roundup!

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World Bank Investigates Smart Contracts as Financial Tools, With Mixed Results

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

The World Bank has looked at the benefits of smart contracts and found the blockchain instruments to be a "limited" financial tool.

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SEC, CFTC Hit Crypto App Abra With $300K in Penalties Over Illegal Swaps

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

The financial regulators both found fault with Abra offering security-based swaps without first checking to see whether investors were eligble.

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Version Control Can Help the Media Win Back Reader Trust

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

By committing content to a blockchain, news outlets can reassure readers that what they are reading is what the outlet originally published, says our columnist.

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Fidelity International Doubles Stake in Bitcoin Mining Firm Hut 8

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Billion-dollar fund manager Fidelity International is betting big on rebounding fortunes for the listed bitcoin miner Hut 8.

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Compound Tops $1B in Crypto Loans as DeFi Farmers Keep Digging for Yield

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Yield farming continues to push Compound to new heights. On Monday, the lending protocol topped $1 billion in loans issued.

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Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

The number of bitcoin addresses holding at least 10,000 coins has dropped to 14-month lows alongside an uptick in lower-value addresses.

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First Mover: Twelve-Fold Gains for Aave’s LEND Token Might Be More Than DeFi Hype

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Collateral deposits in Aave are up nearly $160 million over the past six months, suggesting actual usage rather than speculation.

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Bitcoin Mining Difficulty Sets New Record High 2 Months After Halving

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Two months after the network's halving event, it's harder than ever to mine bitcoin.

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Singapore’s Central Bank Eyes Commercial Role for Its Blockchain Payments Tech

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Project Ubin has completed its last development phase and is now being considered as the basis for commercial digital currency ventures.

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CoinSwap and the Ongoing Effort to Make Bitcoin Privacy ‘Invisible’

July 13, 2020 / in CoinDesk, Coins Feeds / with No comments /

Developer Chris Belcher has set his sights on making CoinSwap a reality – a new project he hopes will "massively improve bitcoin privacy."

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Inside the Craze for Filecoin Crypto Mining in China

July 12, 2020 / in CoinDesk, Coins Feeds / with No comments /

As Filecoin inches closer to a blockchain mainnet launch, investors in China are again speculating heavily on the network’s mining hardware and token prices.

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Crypto Long & Short: Dogecoin, Market Manipulation and the Downside of a Coinbase IPO

July 12, 2020 / in CoinDesk, Coins Feeds / with No comments /

Noelle Acheson explains how the dogecoin rise exemplifies the creative destruction underway in markets, and what a potential Coinbase listing could mean for the development of crypto.

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Does COVID-19 Have the World Rethinking Dollar Supremacy?

July 12, 2020 / in CoinDesk, Coins Feeds / with No comments /

A reading of a piece by a Yale professor and former head of Morgan Stanley Asia arguing the dollar’s status is changing rapidly.

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Listen: What a Bitcoin Researcher Says About Lightning

July 12, 2020 / in CoinDesk, Coins Feeds / with No comments /

Chaincode Labs researcher Clara Shikhelman has been studying mathematics in university since she was 14 years old. Now, as the bitcoin company’s newest post-doctoral fellow, she is exploring ways to optimize the Lightning Network.

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Crypto Lender Nexo to Enter Prime Broker Race, Enlists Chainlink for Audits

July 12, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

Tether

July 12, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

Market Wrap: As Stocks Rally, Bitcoin Trades Above $9.3K for the First Time in 10 Days

July 12, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

Equities continue to beat bitcoin’s performance, but everything is making gains Monday.

from Search Results for “bitcoin-cash” – CoinDesk https://ift.tt/3guo1ej

Kraken-Owned Crypto Facilities Wins UK License to Offer Derivatives Trading

July 12, 2020 / in Coins Feeds, Search Results for “bitcoin-cash” – CoinDesk / with No comments /

The subsidiary of cryptocurrency exchange Kraken has obtained a U.K. license allowing it to operate its derivatives platform in the EU.

from Search Results for “bitcoin-cash” – CoinDesk https://ift.tt/2Z2dsci

Hyper-Stablecoinization: From Eurodollars to Crypto-Dollars

July 12, 2020 / in CoinDesk, Coins Feeds / with No comments /

Crypto-dollarization is the world's next best hope to meet its insatiable demand for U.S. dollars.

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The Mixed Signals Economy: The Breakdown Weekly Recap

July 11, 2020 / in CoinDesk, Coins Feeds / with No comments /

Jobless claims are down, coronavirus cases are up and the markets simply don’t know what to do.

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Sale of the Century: The Inside Story of Ethereum’s 2014 Premine

July 11, 2020 / in CoinDesk, Coins Feeds / with No comments /

"Now anyone could be an investor in one of the most cutting-edge technology companies out there. All they needed was an internet connection and at least 0.01 bitcoin."

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Attempted 51% Attack on Bitcoin Gold Was Thwarted, Developers Say

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

A 51 percent attack on Bitcoin Gold was unsuccessful.

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Telegram’s Defeat Isn’t ‘Binding’ in Kik Case, Judge Tells SEC

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Kik's proverbial day in court may take a lot longer than Telegram's, if the judge’s response to the SEC during a hearing this week is any indication.

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Market Wrap: Traders Buy the Dip and Bitcoin Holds at $9,200

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin sticks to the $9,200 price range after some light selling early in the day.

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You Can’t Fight Outrage Culture With More Outrage, Feat. Michael Krieger

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

For a decade, Liberty Blitzkrieg has been an essential alternative financial and cultural voice. Here’s why it’s ending.

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Bitcoin App Bottlepay Is Back From the Dead With a New Lightning App

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bottlepay remodeled its whole product to comply with EU regulations. Roughly 1,000 people are now on the waitlist for the app's relaunch.

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Bitcoin Reaches Record High Correlation to S&P 500

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Analysts expect bitcoin’s positive correlation to traditional markets to continue and strengthen.

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Money Reimagined: COVID-19’s Crash Course in Exponential Math

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Money requires a network effect, helped by the self-reinforcing idea that “everyone’s using it because everyone’s using it.”

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Bitcoin Wallet Electrum Now Supports Lightning, Watchtowers and Submarine Swaps

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

In its latest major release, Electrum now supports a number of innovations that could make using Lightning more secure and less bumpy for users.

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Blockchain Bites: Coinbase’s Untraditional Investor Day and the Ethereum-EOS Arms Race in Latin America

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Coinbase will host its first investor day while a protocol arms race unfolds in Latin America.

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Bitcoin News Roundup for July 10, 2020

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

With the price of BTC headed down and the Fed's largest balance sheet decline in 11 years, CoinDesk's Markets Daily is back for your bitcoin news roundup!

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Cardano Creator Compares Criticism of Project to ‘Trump Derangement Syndrome’

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Infighting is hurting crypto, IOHK's Charles Hoskinson says, but he won't "apologize for kicking people in the teeth" on Twitter if someone is attacking Cardano or its community.

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First Mover: Kyber Token’s Eightfold Increase Reveals Bet on Future Market-Share Growth

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Prices for decentralized exchange Kyber's KNC token have jumped eightfold in 2020, outshining the performance of Binance's BNB coin.

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Blockchain Tech Can Verify Credentials, but Beware Credentialism

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Blockchain-based credentials can make getting back to work and school easier post-COVID. But we must resist the urge to put every life achievement on a blockchain.

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The Federal Reserve’s Declining Balance Sheet Is Bearish for Bitcoin. Or Is It?

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Fed’s balance sheet just dropped the most in 11 years, but despite popular opinion, that is not necessarily bad news for bitcoin.

from CoinDesk https://ift.tt/3iQXcmj

Crypto ‘Giveaway’ Scams Continue to Flourish on YouTube

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

Cryptocurrency scams continue to appear on YouTube, misusing content from influential people in the space and stealing from the gullible.

from CoinDesk https://ift.tt/3gCLfPs

A Rare Glimpse Into How Crypto Is Really Used in Venezuela

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

After airdropping cryptocurrency to 60,000 users in Venezuela, AirTM survey results suggest how crypto is really used in the economically troubled nation.

from CoinDesk https://ift.tt/3fhPBeq

Ethereum and EOSIO Square Up Over Enterprise Blockchain Business in Latin America

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

With ConsenSys in one corner and LatamLink in the other, a project backed by the Inter-American Development Bank is weighing Ethereum vs. EOS tech.

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Brave Browser Partners With bitFlyer to Expand BAT’s Reach in Japan

July 10, 2020 / in CoinDesk, Coins Feeds / with No comments /

The crypto exchange will build a BAT wallet for Brave as it helps the cryptocurrency grow in Japan.

from CoinDesk https://ift.tt/2ZepYWe

Coinbase Plans First-Ever Investor Day Amid Talk It May Go Public

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

It’s unclear if the Aug. 14 virtual meeting is related to a rumored plan to take Coinbase public, but such events often presage direct listings.

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Market Wrap: Stocks Tick Downward and so Does Bitcoin, to $9,200

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

Most markets are down Thursday, including stocks and bitcoin.

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Bitfinex Must Face New York Allegations Over $850 Million in Lost Funds, Appeals Court Rules

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

Cryptocurrency exchange Bitfinex will have to answer claims about hiding lost millions, a New York appeals court ruled on Thursday.

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BitClub Programmer Admits Mining Scheme Stole $722M in Bitcoin

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Romanian programmer pleaded guilty to wire fraud and the offering and sale of unregistered securities.

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Inequality, Social Chaos, Bankruptcy Rallies: The Best Insights From FinTwit June 2020

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

From the "Robinhood Rally" to the most profit-disconnected stock market in history, these are the most interesting ideas from FinTwit last month.

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I’m a Syrian Refugee. This Is How Bitcoin Changed My Life

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

Now living in the Netherlands, Tey Elrjula explains how bitcoin helped him build a new life as an entrepreneur, educator and author.

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WikiLeaks Shop Now Accepts Bitcoin Lightning Payments

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

In 2011, WikiLeaks was among the first organizations to accept donations in bitcoin. Now its shop is taking bitcoin payments over Lightning.

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Tron Arbitration Challenged in Hostile Work Environment Lawsuit

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

Two technology developers are trying to keep their workplace harassment lawsuit against the Tron Foundation in a court rather than arbitration.

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Bitcoin Started Moving in Sync With S&P 500, Volume Dropped, Kraken Says in June Volatility Report

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

According to the crypto exchange’s report, June was the most uneventful month for Bitcoin (BTC) trading since February and was marked by a reversal in correlation trends with gold and the S&P 500.

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Bitcoin News Roundup for July 9, 2020

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

With bitcoin headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back!

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Blockchain Bites: CENTRE’s Blacklist, Brazil’s Stablecoin Boom and Coinbase Is Going Public?

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

Coinbase is reportedly looking to go public, CENTRE has blacklisted a USDC address and U.S. sanctions could restrict crypto firms in China.

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Bitcoin Miner Maker Canaan Drops 3 Directors in Possible Boardroom Coup

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

Sources speaking to Chinese media said a dispute at Canaan Creative has led to a power grab by now-Executive Director Nangeng Zhang.

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CFTC Hints at Future Digital Asset Regulatory Framework

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

The U.S. commodities regulator has a four-year plan for fostering responsible innovations in the crypto asset space.

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Crypto-Enabled VPN Provider Orchid Launches on Apple’s App Store

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

Orchid announced Thursday that its newly launched app would allow users to buy VPN bandwidth using in-app purchases powered by cryptocurrency.

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Coinbase Exploring Stock Market Listing, Reuters Reports

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

The crypto exchange is said to be planning a direct listing rather than an initial public offering, sources speaking to Reuters said.

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Binance Labs Leads $1M Seed Round in Crypto Tor Alternative HOPR

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

Binance Labs, the seed funding arm of the world’s largest crypto exchange, has made its first investment of 2020, backing privacy startup HOPR.

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ING Joins Crypto Industry Body Working to Set Codes of Conduct

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

The banking group has joined crypto industry body Global Digital Finance to help develop best practices for custodial firms and wallets.

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First Mover: Pie Anyone? DeFi Pushes ETF-Style Investing Toward Decentralization

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

PieDAO's push to decentralize itself shows the fast-growing DeFi industry's efforts to retrofit investment vehicles for digital-asset markets.

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Bitcoin Option Traders Bet on Bullish Move Following Volatility Squeeze

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

While bitcoin's range play continues, options traders look to be betting on a big move to the higher side soon.

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Ferrari, McLaren and $15M in Crypto Seized as Chinese Police Bust Arbitrage Scam

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

The novel Chinese scam saw perpetrators create fake crypto assets to fleece investors seeking arbitrage opportunities.

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London Stock Exchange Parent Assigns Financial ‘Bar Codes’ to 169 Cryptos

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

The addition of bitcoin and its ilk to LSEG's database, in response to customer demand, is a sign that institutions are slowly embracing the asset class.

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Children’s Heart Charity Receives $48K in Crypto Donations

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Children’s Heart Unit Fund which supports children with cardiac ailments, received the crypto donations using The Giving Block platform.

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Cannabis and Lending Firm Seeks SEC Permission to Raise $50M in Crypto Sale

July 09, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ceres, started by graduates of the U.S. Military Academy, recently filed paperwork with the SEC seeking permission to sell its digital token and Ceres coin.

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Circle Confirms Freezing $100K in USDC at Law Enforcement’s Request

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

CENTRE froze $100,000 in USDC in response to a request from law enforcement, the group said Wednesday.

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Brazil’s Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Brazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.

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Electroneum Mines Multi-Country Charity Donations During COVID-19

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

U.K.-based Electroneum is helping students in Nigeria and India with block rewards reaped from its token, ETN. The strategy also helps its business.

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23-Year-Old Who Lied to Bank About Bitcoin Holdings Pleads Guilty to Fraud

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Randall Joseph Smail faces up to 30 years' imprisonment for lying to a bank about $640,000 in bitcoin.

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Start9 Labs Pitches a Private At-Home Server. And It Works

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Start9 Labs’ Embassy server sets up its own private internet network and comes with its own operating system. We tried it.

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Libra Hasn’t Abandoned Multi-Currency Stablecoin: Policy Director

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Libra Association's head of policy said ongoing dialogues with central bankers had not dented their original ambition.

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What DeFi Can Learn From ‘InFi’

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

By studying informal financial cooperation, including lending circles, blockchain developers can uncover new opportunities, says our columnist.

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Blockchain Bites: DiDi to Trial the Digital Yuan and a Look at Chainlink’s Gains

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

The "Chinese Uber" will join the nations CBDC project, TikTok threw Dogecoin a treat and Nexo tapped Chainlink.

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Marlin Releases Open-Source ‘Layer 0’ Transaction Relayer for Ethereum

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Marlin has open sourced its OpenWeaver relay network to help speed up low latency mempool syncs of the Ethereum network and support decentralization.

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Bitcoin News Roundup for July 8, 2020

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Very crypto, much wow. With Dogecoin back in the news, CoinDesk's Markets Daily is back with another bitcoin news roundup.

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Only 23% of Hodlers Have a Crypto Estate Plan: Survey

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

The late Gerald Cotten wasn't the only investor who failed to make a plan for his crypto, according to a survey by the Cremation Institute.

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Hong Kong’s National Security Law Could Threaten Local Crypto Brokerages

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

The U.S. sanctions on financial institutions in Hong Kong could put the city’s growing crypto brokerage businesses in jeopardy.

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Introducing the CoinDesk 20

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

This group of 20 digital assets make up most of what people mean when they say “the cryptocurrency market.”

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Tata Consultancy Launches Crypto Trading Solution for India’s Financial Firms

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

India's crypto renaissance continues, with Tata Consultancy unveiling a solution allowing banks and financial institutions to offer digital asset trading.

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Copper Now Enables Funds to Create Complex Crypto-Backed Securities

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

The service allows institutional investors to securitize a range of crypto-based products, from token trackers to complex trading strategies.

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New Enterprise Ethereum Director Widens Tent to Include Exchanges and DeFi

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Enterprise Ethereum Alliance (EEA), the business end of the second-largest blockchain, has appointed a new executive director, Daniel C. Burnett.

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Crypto Lender Nexo Enters Prime Broker Race, Enlists Chainlink for Audits

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that will bring more transparency to its operations.

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As Gold Hits 9-Year High, Bitcoin Eyes Price Breakout

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin is looking to leap key resistance alongside a strong rally in gold, but its role as an inflation hedge is still weak.

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First Mover: With Trading Volumes Slumping, Are There Too Many Crypto Exchanges?

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

As bitcoin's volatility tumbles to a 15-month low, is there enough trading volume to go round for the world's 400-plus cryptocurrency exchanges?

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Global Shipping Giant Cosco to Trial Alibaba’s Ant Blockchain

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ant Financial claims its enterprise blockchain can handle a billion transaction a day and save costs in global shipping.

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Cryptocurrency Exchange Kraken Adds New Banking Option for US Users

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Kraken's U.S. customers can now make wire transfers from their accounts at MDV Bank to fund purchases of cryptocurrency.

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Alleged Leader of OneCoin Ponzi Has Sentencing for Money Laundering Adjourned

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Konstantin Ignatov has again had his sentencing date adjourned while he continues to cooperate with U. prosecutors.

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China’s Uber, DiDi, to Trial PBoC’s Central Bank Digital Currency

July 08, 2020 / in CoinDesk, Coins Feeds / with No comments /

Didi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China's central bank digital currency on its on-demand transportation platform.

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Dogecoin Volumes Spike 1,900% in 2 Days Amid Viral TikTok Videos

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

The Shiba Inu meme-based cryptocurrency’s price climbed 35% as TikTok users encourage each other to invest.

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How Apple’s COVID Policy Limited a Public Health App in Taiwan

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitmark's experience in Taiwan raises questions about censorship and access in the age of COVID-19.

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DeFi Driving Chainlink’s Link Token to Record Highs

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

The ever-increasing use of Chainlink’s price oracles in decentralized finance is driving the cryptocurrency higher, according to analysts.

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Market Wrap: With Low Volatility, Traders Seem to Like $9,000 Bitcoin

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin traders love hitting buy on their terminals when the price is around $9,000.

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Nearly $60M in Bitcoin Moved to Ethereum in June

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin.

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Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacelle

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups.

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Delta Exchange Predicts $40 Price for COMP Ahead of Governance Token Deluge

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

One startup has done the math and thinks the true value for Compound's COMP token right now should be more like $40.

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Lightspeed Venture Invests $2.8M in Crypto Market Maker Wintermute

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Funding will go towards expanding its liquidity products across the crypto derivatives market.

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Blockchain Bites: Crypto’s Bailout Millions, Brazil’s Binance Ban, Lightning’s Bug

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Crypto firms received at least $30 million in government-backed loans, Brazil bans Binance's derivatives trading and Mercedes Benz' parent tests blockchain.

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Bitcoin News Roundup for July 7, 2020

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

With BTC beating precious metals, Ethereum rising and a new report out on a lightning network vulnerability, CoinDesk's Markets Daily is back for your Bitcoin news roundup!

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FATF Plans to Strengthen Global Supervisory Framework for Crypto Exchanges

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

The international financial watchdog will meet in October to discuss creating a stronger global framework for the regulation of cryptocurrencies.

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Binance Expands Reach With New Gateway for 15 Fiat Currencies

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Binance users can keep their fiat funds with new partner Etana while buying and selling crypto assets on the exchange.

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Crypto Tracer Chainalysis Raises $13M as It ‘Doubles Down’ on Government Ties

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Chainalysis is also adding former Treasury Department official Sigal Mandelker on as an advisor.

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Gelato Gives Developers a New ‘Money Lego’ Tool for DeFi Applications

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Decentralized exchange Gnosis will be the first major platform to integrate Gelato's audited v1 transaction automator for token swaps on Ethereum's mainnet.

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Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

The MMM Ponzi scheme accounts for 10% of Ethereum's transactions and 50% of Paxos's. It's time the Ethereum community did something about it.

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As Chat Privacy Under Threat in US, Firm Develops ‘100% User-Controlled’ Messaging

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Unstoppable Domains is working to give users full control over their chat data with a new decentralized protocol.

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First Mover: Even Bank of America Acknowledges China Winning Digital-Currency Race

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

BoA researchers anticipate that China's digital yuan might make a dent in the greenback’s global hegemony.

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Ethereum Activity Metric Hits Highest Level for 2 Years

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

The number of active ether addresses just clocked a recent high, possibly thanks to its growing role in decentralized finance.

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Binance Acquires Crypto Debit Card Provider Swipe for Undisclosed Sum

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Binance said Tuesday that the Swipe acquisition, which is already available in 31 countries, could significantly improve crypto adoption globally.

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Crypto Exchanges See Big Drop in Volumes as Bitcoin Volatility Approaches 2020 Low

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter.

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Germany Seeks to Expand Digital Efforts at FATF as It Takes On Watchdog’s Presidency

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

In a recently published paper, new FATF President Dr. Marcus Pleyer outlined the objectives for his two years as president of the global AML watchdog.

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Binance Gives 27,000 COVID-19 Masks to UK National Health Service

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Binance has donated 27,000 KN95 masks worth over $60,000 to the U.K. National Health Service’s Pru Trust to aid the fight against COVID-19.

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Mercedes Maker Daimler Tests Blockchain for Supply-Chain Data Sharing

July 07, 2020 / in CoinDesk, Coins Feeds / with No comments /

Ocean Protocol has completed a proof-of-concept with Daimler, showing how the Mercedes-Benz maker can begin monetizing data across its supply chains.

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Block.One Co-Founder Brock Pierce Files to Run for US President

July 06, 2020 / in CoinDesk, Coins Feeds / with No comments /

Brock Pierce has formally filed to run for President of the United States.

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Binance Ordered to Halt Offering Derivatives Trading in Brazil

July 06, 2020 / in CoinDesk, Coins Feeds / with No comments /

The order is the regulator’s first public stance on cryptocurrency derivatives trading.

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Market Wrap: As Stocks Rally, Bitcoin Trades Above $9.3K for the First Time in 10 Days

July 06, 2020 / in CoinDesk, Coins Feeds / with No comments /

Equities continue to beat bitcoin’s performance, but everything is making gains Monday.

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Social Media Bans ‘Highlight the Profound Censorship on Web 2.0’

July 06, 2020 / in CoinDesk, Coins Feeds / with No comments /

Recent moves by social media companies to outlaw certain types of content raise big questions about the future of free speech in the modern internet era.

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Iran Gives Crypto Miners One Month to Register With the State

July 06, 2020 / in CoinDesk, Coins Feeds / with No comments /

The government wants to "eliminate the confusion of cryptocurrency activists" with its call for mass mining registration.

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Bitcoin’s Lightning Network Is Vulnerable to ‘Looting’: New Research Explains

July 06, 2020 / in CoinDesk, Coins Feeds / with No comments /

Computer scientists Jona Harris and Aviv Zohar have examined the Lightning Network's "flood and loot" attack that preys on Bitcoin network congestion.

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Bitcoin Up 27% in First Half of 2020, Beating Gold, Silver and Platinum

July 06, 2020 / in CoinDesk, Coins Feeds / with No comments /

Bitcoin showed its luster during the first half of 2020 amid mediocre returns from precious metals.

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China Stocks Surge and NYC Real Estate Craters: 5 Stories Shaping Markets Today

July 06, 2020 / in CoinDesk, Coins Feeds / with No comments /

The story of the economy as told by five macroeconomic indicators including Chinese stocks, New York City real estate, coronavirus cases and more.

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Cardano at One-Year High on Shelley Upgrade

July 06, 2020 / in CoinDesk, Coins Feeds / with No comments /

The eighth-largest cryptocurrency by market value jumped to $0.1021 on Saturday to hit its highest price level since June 2019. It has rallied by a staggering 170% in the second quarter, according to CoinDesk data.

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