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Thursday 31 December 2020

US Citizens Would Have to Disclose Offshore Crypto Holdings of $10K+ Under FinCEN Proposal

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The Financial Crimes Enforcement Network wants U.S. persons who hold crypto in offshore accounts to report holdings over $10,000.

via CoinDesk https://www.coindesk.com/fincen-foreign-crypto-exchange-disclosure-rule

Market Wrap: Bitcoin Closes 2020 Near Record Highs

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Bitcoin nearly triples its price in 2020 and ends the year close to $29,000, but ether gained 450%.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-closes-2020-near-record-highs

The Most Important Bitcoin Infrastructure Developments of 2020, feat. Alyse Killeen

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A look at privacy and infrastructure advances that will shape the bitcoin ecosystem in the years to come.

via CoinDesk https://www.coindesk.com/important-bitcoin-infrastructure-developments-2020-alyse-killeen

Crypto Dollars and CBDCs: The Battle to Come

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The future of money will be a tussle between algorythmic and fiat-pegged stablecoins and central bank digital currency experiments.

via CoinDesk https://www.coindesk.com/crypto-dollars-and-cbdcs-the-battle-to-come

What Is a Satoshi?

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On today's holiday episode of Markets Daily, we take a look at the term "satoshi," its origin, what it means and why it matters.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/what-is-a-satoshi

Why Crypto Crosses ‘The Chasm’ in a Post-Coronavirus World

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2020 will be looked back on as the year that marks the present era from the past; the demarcation line separating the before and the after.

via CoinDesk https://www.coindesk.com/crypto-crosses-chasm-post-coronavirus-world

Bitcoin Mining Machine Maker Ebang to Launch Crypto Exchange in 2021; Shares Rise

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Bitcoin mining equipment maker Ebang announced Thursday it is preparing to officially launch a cryptocurrency exchange in the first quarter of 2021.

via CoinDesk https://www.coindesk.com/bitcoin-mining-machine-maker-ebang-to-launch-crypto-exchange-in-2021-shares-rise

Governments Will Start to Hodl Bitcoin in 2021

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Crypto assets not only are not going away. They will become integral to our financial and political lives.

via CoinDesk https://www.coindesk.com/government-hodl-bitcoin-2021

EToro USA Becomes Latest Exchange to Suspend XRP Trading

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The U.S. division of eToro is suspending XRP trading after an SEC suit alleging it is a security.

via CoinDesk https://www.coindesk.com/etoro-usa-becomes-latest-exchange-to-suspend-xrp-trading

Number of People Holding Lots of Bitcoin Surges in Rare ‘Whale-Spawning Season’

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The number of bitcoin whales rose to a new record high on Wednesday.

via CoinDesk https://www.coindesk.com/number-of-people-holding-lots-of-bitcoin-surges-in-rare-whale-spawning-season

Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says

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In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive.

via CoinDesk https://www.coindesk.com/fincen-rule-crypto-wallets-could-be-ineffective-says-elliptic

Wednesday 30 December 2020

Xapo to Discontinue Service to US Customers in March

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Companies are being asked to transfer their bitcoins to other places, such as Coinbase.

via CoinDesk https://www.coindesk.com/xapo-discontinue-service-us-customers-in-march

Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s

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"I would expect to see bitcoin charge past $30,000 as we enter the new year,” said one market observer.

via CoinDesk https://www.coindesk.com/bitcoin-hits-29k-first-time-ever

Serbia Legalizes Digital Assets Trading and Issuance

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Serbia will now permit the issuance and trading of digital assets under a law that went into effect this week.

via CoinDesk https://www.coindesk.com/serbia-legalizes-digital-assets

What Is Proof-of-Stake?

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Proof-of-stake is a method of maintaining integrity in a blockchain, ensuring users of a cryptocurrency can’t mint coins they didn’t earn.

via CoinDesk https://www.coindesk.com/proof-of-stake

Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot Bet

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Another day, another all-time high in bitcoin as the cryptocurrency changed hands as high as $28,871.78.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-nears-29k

Democracy Demands a Say in the Future of Money

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The U.S. Treasury’s decision to impose know-your-customer rules to private cryptocurrency wallets is flawed in more ways than one.

via CoinDesk https://www.coindesk.com/future-of-money-us-treasury-privacy-rights

BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations

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Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the U.S. Treasury over 183 “apparent violations” of multiple sanctions programs.

via CoinDesk https://www.coindesk.com/bitgo-to-pay-93k-to-us-treasury-to-settle-183-apparent-sanctions-violations

Binance US Says It Will Delist XRP on Jan. 13

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Cryptocurrency exchange Binance announced that embattled token XRP will be delisted from Binance.US on Jan. 13, 2021, becoming the latest exchange to do so. The story is developing and will be updated.

via CoinDesk https://www.coindesk.com/binance-us-says-it-will-delist-xrp-on-jan-13

Coinbase Sued for Allowing the Sale of XRP

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A man from Missouri is filing a suit against Coinbase for its sale of XRP, a California court filing reveals.

via CoinDesk https://www.coindesk.com/coinbase-sued-ripple-xrp-sale

What 2020 Taught Us About the ‘Dollar Milkshake Theory,’ feat. Brent Johnson

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The Santiago Capital investor takes a look at what 2020 taught us about his notable economic theory.

via CoinDesk https://www.coindesk.com/2020-taught-dollar-milkshake-theory-brent-johnson

VanEck Proposes ETF for Bitcoin, Once Again

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So far, the SEC has considered many applications for bitcoin-based ETFs and rejected them all.

via CoinDesk https://www.coindesk.com/vaneck-proposes-bitcoin-etf-again

Genesis to Suspend XRP Trading, Lending

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In an email sent to clients Wednesday, Genesis announced it would be halting XRP trading and lending in the new year.

via CoinDesk https://www.coindesk.com/genesis-suspends-xrp

Bitcoin Prices in 2020: Here’s What Happened

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COVID-19 ravaged the world's economies but prompted mainstream financial markets to start taking bitcoin seriously. A look back at the year in bitcoin.

via CoinDesk https://www.coindesk.com/bitcoin-prices-in-2020-heres-what-happened

All Major Mining Pools Now Support Taproot, Bitcoin’s Biggest Upgrade in Years

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Binance Pool represents 11% of Bitcoin’s mining hashrate. Adding it to the “yes” column pushes mining pool support for Taproot to about 91%.

via CoinDesk https://www.coindesk.com/all-major-mining-pools-support-taproot-bitcoin-upgrade

How DeFi ‘Degens’ Are Funding the Next Wave of Open-Source Development

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Gitcoin's Kevin Owocki coins the phrase "regenerative finance" to describe the future of funding open-source development.

via CoinDesk https://www.coindesk.com/defi-degens-funding-next-wave-open-source

LISTEN: Linda Lacewell, a Friendlier Regulator – Most Influential 2020

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In this special episode of Markets Daily, CoinDesk's Lyllah Ledesma reads Nikhilesh De's profile of Linda Lacewell, one of CoinDesk's Most Influential People in 2020.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/listen-linda-lacewell-a-friendlier-regulator-most-influential-2020

CBDCs: An Idea Whose Time Has Come?

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Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?

via CoinDesk https://www.coindesk.com/cbdcs-time-has-come

Ripple to Meet With SEC in First Pretrial Conference on Feb. 22

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Ripple and the SEC will meet over video call, according to a court order from the US District Court of the Southern District of New York.

via CoinDesk https://www.coindesk.com/ripple-to-meet-with-sec-in-first-pretrial-conference-on-feb-22

Statechains Scaling Solution Offers New Potential for Bitcoin Privacy

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Statechains offer another way to scale bitcoin payments and could boost privacy as well.

via CoinDesk https://www.coindesk.com/statechains-scaling-solution-new-potential-bitcoin-privacy

Blockchain Developers Are Focused on the Wrong Problem

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If it's to reach its full potential, the decentralized economy needs to scale censorship resistance, say Solana's CEO and COO.

via CoinDesk https://www.coindesk.com/blockchain-developers-are-focused-on-the-wrong-problem

Russian Oil Drilling Giant Opens a Crypto Mining Farm Run on Gas Energy

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A unit of oil and gas giant Gazprom has opened a mining venue on an oil drilling site using gas produced as a byproduct to produce electricity.

via CoinDesk https://www.coindesk.com/russian-oil-drilling-giant-opens-mining-farm

Valid Points: A Year in Review by Your Ethereum 2.0 Staking Experts

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In our year-end Ethereum round up, we feature 4 charts from 4 Ethereum 2.0 staking experts recounting the best highlights of 2020.

via CoinDesk https://www.coindesk.com/year-in-review-by-eth-2-0-staking-experts

Bitcoin Sets New All-Time High Above $28.5K; Bulls Back in the Driver’s Seat

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Institutional investors are perceived to be driving this record-setting run.

via CoinDesk https://www.coindesk.com/bitcoin-sets-new-all-time-high-of-28570-02-bulls-back-in-the-drivers-seat

Tuesday 29 December 2020

Coinbase Underpaid Women, Black Employees, NY Times Reports

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The Times' data included pay details for most of Coinbase’s roughly 830 employees at the end of 2018.

via CoinDesk https://www.coindesk.com/coinbase-underpaid-women-black-employees-ny-times-reports

New Research Sheds Light on the Front-Running Bots in Ethereum’s Dark Forest

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The report outlines how the researchers identified and isolated generalized front-running bots while evaluating their efficiency.

via CoinDesk https://www.coindesk.com/new-research-sheds-light-front-running-bots-ethereum-dark-forest

Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish

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Bitcoin fell to the $26,000 level after it hit above $28,000 on Sunday, yet markets remain bullish on both retail and institutional interest.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-down-to-26k-but-traders-remain-bullish

Polkadot Surges After Binance Home Page Listing, $10M Endorsement

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Binance announced a $10 million fund to support projects that are built on top of the Polkadot ecosystem.

via CoinDesk https://www.coindesk.com/polkadot-surges-after-binance-home-page-listing-10m-endorsement

What Are Stablecoins?

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A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.

via CoinDesk https://www.coindesk.com/what-are-stablecoins

SkyBridge Capital Has Already Invested $182M in Bitcoin

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“Bitcoin is digital gold,” SkyBridge says in its pitch to investors. “It is better at being gold than gold.”

via CoinDesk https://www.coindesk.com/skybridge-capital-has-already-invested-182m-in-bitcoin

Crypto.com to Delist, Suspend XRP in the US After SEC’s Ripple Suit

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The announcement came hours after Coinbase and OKCoin took similar actions.

via CoinDesk https://www.coindesk.com/crypto-com-to-delist-suspend-xrp-in-the-us-after-secs-ripple-suit

Opyn Upgrade Aims to Add Capital Efficiency and Liquidity to DeFi Options Market

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Options marketplace Opyn is rolling out an upgrade that targets capital efficiency and liquidity in the decentralized financial options market.

via CoinDesk https://www.coindesk.com/opyn-upgrade-capital-efficiency-liquidity-defi-options-market

The Devastation of Main Street Business, feat. Daniel Lacalle

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The popular economist talks about the K-shaped recovery and why we could be in for more pain in 2021.

via CoinDesk https://www.coindesk.com/devastation-main-street-daniel-lacalle

eToro Said to Be in Talks With Goldman About Possible $5B IPO: Report

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The crypto trading/investment management platform is also considering the possibility of a merger with a special purpose acquisition company.

via CoinDesk https://www.coindesk.com/etoro-said-to-be-in-talks-with-goldman-about-possible-5b-ipo-report

Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York

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The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.

via CoinDesk https://www.coindesk.com/japanese-internet-giant-licensed-jpy-pegged-stablecoin-new-york

LISTEN: Jesse Powell, Bitcoin Banker – Most Influential 2020

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In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Nathan DiCamillo's profile of Jesse Powell, one of CoinDesk's Most Influential People in 2020.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/listen-jesse-powell-bitcoin-banker-most-influential-2020

16 Ethereum Predictions From a Crypto Oracle

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Andrew Keys has 16 reasons why crypto will take center stage economically, politically and socially in 2021.

via CoinDesk https://www.coindesk.com/16-ethereum-predictions-crypto-oracle

The Fight for Consumer Adoption Is Just Beginning

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In the next phase, blockchain networks have to find use cases beyond censorship resistance and permissionless access, says TRON's founder.

via CoinDesk https://www.coindesk.com/the-fight-for-consumer-adoption-is-just-beginning

CME Tops in Bitcoin Futures Rankings Amid Rapidly Growing Institutional Interest

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The CME has become the largest bitcoin futures exchange by open interest amid institutional onboarding.

via CoinDesk https://www.coindesk.com/cme-tops-in-bitcoin-futures-rankings-amid-rapidly-growing-institutional-interest

Panthers’ Russell Okung Becomes First NFL Player to Be Paid in Bitcoin

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Okung’s $13 million salary is being split 50-50 between bitcoin and fiat by way of Zap’s Strike product.

via CoinDesk https://www.coindesk.com/panthers-russell-okung-becomes-first-nfl-player-to-be-paid-in-bitcoin

Payments Firm Simplex Becomes Visa Principal Member

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Israel-based global fiat payment processor Simplex announced Tuesday it has become a principal member of the Visa network.

via CoinDesk https://www.coindesk.com/payments-firm-simplex-becomes-visa-principal-member

Canadian Firm NexTech AR Buys $2M Bitcoin to Diversify Capital

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Canadian augmented reality (AR) company NexTech AR is jumping on the crypto bandwagon with plans to use its treasury funds to buy $2 million of bitcoin for “capital diversification.” Read more: Nasdaq-Listed Canadian Firm to Invest Over $1M in Bitcoin

via CoinDesk https://www.coindesk.com/michael-saylor-of-the-north-canadian-firm-nextech-ar-buys-2m-bitcoin-to-diversify-capital

The Year the Narrative Became the Truth

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Bitcoin proved it could change how people think. But will the new system it enables be "better" or just "a system that better serves me?"

via CoinDesk https://www.coindesk.com/narrative-became-truth

OKEx Launches Real-Time Settlement for Derivatives Trading

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OKEx launches real-time settlement for the trading of derivatives on its platform allowing users to make withdrawals at any time.

via CoinDesk https://www.coindesk.com/okex-launches-real-time-settlement-for-derivatives-trading

Spanish City Lebrija Launches Local Virtual Currency ‘Elio’ as Form of Stimulus

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The city council of Lebrija has created a virtual currency ‘Elio’ that can only be used for payments made to small and medium businesses, according to a report by Diario de Sevilla. Read more: Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources

via CoinDesk https://www.coindesk.com/spanish-city-lebrija-launches-local-virtual-currency-elio

Grayscale Has $19B in Crypto Assets Under Management, Up From $16.4B Last Week

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The digital asset manager held $19 billion in assets under management as of Monday, up from last week's $16.4 billion.

via CoinDesk https://www.coindesk.com/grayscale-has-19b-in-crypto-assets-under-management-up-from-16-4b-last-week

India Mulls Imposing 18% Tax on Bitcoin Transactions

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The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies.

via CoinDesk https://www.coindesk.com/india-mulls-imposing-18-transaction-tax-on-bitcoin-transactions

Voyager Digital Takes System Offline Following Cyberattack

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Voyager reassured its customers that no funds or personal information were compromised but warned it will take time to get its app back online again.

via CoinDesk https://www.coindesk.com/voyager-digital-takes-system-offline-following-cyberattack

Monday 28 December 2020

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

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Coinbase said it will suspend trading of XRP, the cryptocurrency at the heart of an SEC lawsuit against Ripple Labs.

via CoinDesk https://www.coindesk.com/coinbase-suspends-xrp-trading

Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC Pair Goes Bullish

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Bitcoin takes a break after record price-setting Sunday while some traders are plowing BTC into ETH.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-27000-eth-btc-pair-bullish

Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

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Defi insurer Cover Protocol, designed to reduce smart contract failure risks, was exploited by a bug in its smart contract on Monday morning.

via CoinDesk https://www.coindesk.com/who-insures-the-insurer-cover-protocol-attack-exposes-defis-promise-and-peril

SEC Disapproves BOX Security’s Request to Report Stock Trading Data on Ethereum Blockchain

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BOX proposed a rule change to the SEC for using the Ethereum blockchain to record and publishing end-of-day securities ownership balances.

via CoinDesk https://www.coindesk.com/sec-disapproves-box-rule-change-trade-stocks-on-ethereum-blockchain

OKCoin to Suspend XRP Trading and Deposits on Jan. 4

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OKCoin became the latest exchange to suspend XRP trading and deposits as of early next year.

via CoinDesk https://www.coindesk.com/okcoin-to-suspend-xrp-trading-and-deposits-on-january-4

Bitcoin, Bank Coins and Bonds, feat. George Goncalves

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A macro and bond specialist joins NLW to discuss the economics of 2021.

via CoinDesk https://www.coindesk.com/bitcoin-bank-coins-bonds-george-goncalves

Lending Platform Vauld Raises $2M to Grow Into a Full Crypto Bank

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Vauld, formerly called Bank of Hodlers, raised $2 million in a round led by Pantera Capital to expand its crypto banking platform.

via CoinDesk https://www.coindesk.com/india-lending-vauld-crypto-bank

Cover Protocol May Launch New Token Following Attack

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Cover Protocol announced it's exploring launching a new COVER token through the snapshot before the attack by a "white hat" hacker on Monday morning.

via CoinDesk https://www.coindesk.com/cover-protocol-plans-new-token-after-attack

SEC Obtains Emergency Asset Freeze Against Virgil Capital

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Stefan Qin, the 23-year-old founder of Virgil Capital, has been accused by the SEC of “fabricated records” for failing to redeem $3.5 million in investments and attempting to withdraw $1.7 million in investor funds to pay off Chinese loan sharks.

via CoinDesk https://www.coindesk.com/sec-obtains-emergency-asset-freeze-against-virgil-capital

LISTEN: Charles Cascarilla – PayPal Whisperer – Most Influential 2020

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In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Zack Seward's profile of Charles Cascarilla, one of CoinDesk's Most Influential People in 2020.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/listen-charles-cascarilla-paypal-whisperer-most-influential-2020

2020 Saw the Fewest Bitcoin ‘Obituaries’ in 8 Years

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Bitcoin has only “died” 11 times this year.

via CoinDesk https://www.coindesk.com/bitcoin-obituaries-2020

Bitcoin Mining Company Riot Blockchain Passes $1B in Market Cap

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Riot's value was less than $50 million when it started mining bitcoin three years ago.

via CoinDesk https://www.coindesk.com/riot-blockchain-1-billion-market-capitalization

Whale Sightings Become Scarce, Removing Downward Pressure on Bitcoin: Analyst

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Big bitcoin balance holders, or "whales," are moving less crypto onto exchanges, signaling some reduction of sell-side pressure, according to CryptoQuant.

via CoinDesk https://www.coindesk.com/bitcoin-whale-becoming-scarce-removing-downward-pressure

Charting Asia’s Dominant FinTech Frontier

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Asia looks poised to continue its trajectory towards digital dominance, says the co-founder of Zilliqa.

via CoinDesk https://www.coindesk.com/charting-asia-fintech-frontier

That Decoupling Sound: China, the US and a Year of CBDCs

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This year China and the U.S. faced off over trade and technology bans. But the battler for monetary hegemony has only just begun.

via CoinDesk https://www.coindesk.com/decoupling-sound-china-cbdcs

XRP is a Crypto Asset in Japan, Not a Security, Ripple Partner SBI Claims

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The SBI Holdings statement refers to a research article by Sadakazu Osaki of the Nomura Research Institute indicating under Japanese law XRP is a "cryptocurrency asset" and not a security.

via CoinDesk https://www.coindesk.com/xrp-is-a-crypto-asset-in-japan-not-a-security-ripple-partner-sbi-claims

Cover Protocol Attack Perpetrated by ‘White Hat,’ Funds Returned, Hacker Claims

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The decentralized finance (DeFI) insurance project Cover Protocol was hacked earlier Monday in an infinite printing scheme, causing the price of the Cover token to plunge. Hours later, a so-called ‘white hacker’ claimed responsibility for the attack, saying all funds had been returned. The exploiter has cashed out over $4 million including about 1400 either, […]

via CoinDesk https://www.coindesk.com/cover-protocol-attack-perpetrated-by-white-hat-all-funds-returned-hacker-claims

The Rise of the Bitcoin Class

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How a VC working in China finally convinced her Dad to buy into Bitcoin. The winning argument: Protection against government seizure.

via CoinDesk https://www.coindesk.com/the-rise-of-the-bitcoin-class

Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M

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The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

via CoinDesk https://www.coindesk.com/marathon-patent-agrees-to-buy-70k-asic-miners-from-bitmain-for-170m

Sunday 27 December 2020

Crypto Long & Short: The Christmas Poem Edition

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Looking back on the year in bitcoin and crypto, with rhymes.

via CoinDesk https://www.coindesk.com/year-in-crypto-holiday-poem-2020

Israelis Must Now Disclose Crypto Holdings: Report

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Dozens of Israelis who own digital currencies have recently received notification telling them they must fully disclose their assets for taxation purposes.

via CoinDesk https://www.coindesk.com/israelis-must-now-disclose-crypto-holdings-report

BlackRock Seeks VP Blockchain Lead to ‘Drive Demand’ for Firm’s Crypto Offerings

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The investment giant has posted a job vacancy for an NY-based VP blockchain lead to help with the valuation of crypto assets.

via CoinDesk https://www.coindesk.com/blackrock-hiring-vp-blockchain-lead-to-drive-demand-for-firms-crypto-offerings

Institutions Will Start Buying Ether in 2021, Messari Analyst Says

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CME Group’s recent announcement that it will launch ether (ETH) futures on Feb. 8, 2021, is the “writing on the wall” that institutions will being buying the cryptocurrency next year, according to a pair of tweets by Ryan Watkins, an analyst at crypto data provider Messari.

via CoinDesk https://www.coindesk.com/cmes-ether-futures-indicate-institutions-will-start-buying-eth-in-2021-messari-analyst-says

Ether Trades Above $700 for the First Time Since 2018

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Ether is up over 11% in the past 24 hours.

via CoinDesk https://www.coindesk.com/ether-trades-above-700-for-the-first-time-since-2018

DLT Regulation in 2020: Backwards or Sideways?

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Regulators are no longer standing on the sidelines of distributed ledger innovation, says Gibraltar’s Minister for Digital and Financial Services.

via CoinDesk https://www.coindesk.com/dlt-regulation-backwards-or-sideways

Proof-of-Stake Was Bigger Than Eth 2.0 in 2020

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Four of the top nine crypto assets by market cap are on a path to proof-of-stake, says the CEO of Staked.

via CoinDesk https://www.coindesk.com/proof-of-stake-bigger-eth-2-0

Bitcoin Tops $28K for 1st Time, Hours After Crossing $27K; Market Cap Now Tops $500B

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After eclipsing $27,000 for the first time ever only a few hours earlier, the price of bitcoin surged past $28,000 Sunday morning as the leading cryptocurrency’s recent meteoric rise continues. BTC’s market value now exceeds $500 billion.

via CoinDesk https://www.coindesk.com/bitcoin-soars-past-28k-for-1st-time-up-3k-in-2-days-market-cap-now-tops-500b

Sound Money vs. the Great Reset, feat. Mark Moss

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One of the most popular economics and bitcoin YouTube host joins NLW for a conversation about how to make 2021 better.

via CoinDesk https://www.coindesk.com/sound-money-great-reset-mark-moss

Crypto’s Choice: Join the Financial System or Fight It

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The crypto industry faces a momentous choice. Does it integrate with the existing financial system's rules? Or does it choose to fight for its anti-status quo principles?

via CoinDesk https://www.coindesk.com/bitcoin-financial-system-fight-it

Saturday 26 December 2020

Bitcoin Tops $27K for First Time, Has Risen More Than $2K in a Little Over a Day

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After hitting $25,000 on Dec. 25 and $26,000 on Dec. 26, quite naturally the price of bitcoin (BTC) soared past $27,000 early on Dec. 27 as the leading cryptocurrency’s recent meteoric rise continues.

via CoinDesk https://www.coindesk.com/bitcoin-tops-27k-for-first-time-has-risen-2k-in-a-little-over-24-hours

Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark?

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A side effect of the Fed's medicine for the pandemic-stricken U.S. economy was to create conditions ideal for the rise of cryptocurrencies.

via CoinDesk https://www.coindesk.com/feds-powell-wins-forbes-crypto-person-of-the-year-honors-do-they-give-awards-for-snark

Bitcoin Tops $26K for First Time, Less Than a Day After Passing 25K

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The leading cryptocurrency set another all-time high this month.

via CoinDesk https://www.coindesk.com/bitcoin-tops-26k-for-first-time-less-than-a-day-after-passing-25k

B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading: Report

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Non-U.S. clients can still trade the token but need to pre-fund all short trades, the report said.

via CoinDesk https://www.coindesk.com/b2c2-becomes-latest-crypto-market-maker-to-stop-xrp-trading-report

Three Market Trends Fueled Enterprise DLT Adoption in 2020

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Hedera Hashgraph's CEO says integrating novel technologies with existing enterprise systems will drive adoption in the years ahead.

via CoinDesk https://www.coindesk.com/three-market-trends-fueled-enterprise-dlt-adoption-in-2020

Deribit Adding Options to Allow Bitcoin Traders to Bet on Rally to $120K and Beyond

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A week ago last Thursday, Deribit made newsby introducing call and put options at the $100,000 strike price.

via CoinDesk https://www.coindesk.com/deribit-adding-options-to-allow-bitcoin-traders-to-bet-on-rally-to-120k-and-beyond

Digital Currencies May Make SWIFT Redundant, Says Russian Central Bank: Report

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Digital currencies may challenge and someday could make redundant the SWIFT global banking payment system, according to a Central Bank of Russia official, Russia Today reported. Read more: Bank of Russia Chair: Digital Ruble Is No Threat to Banks

via CoinDesk https://www.coindesk.com/digital-currencies-may-make-swift-redundant-says-russian-central-bank-report

Central Banks Gone Wild! Feat. Bill Barhydt

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The founder of mobile crypto bank Abra discusses the massive expansion of global central bank balance sheets.

via CoinDesk https://www.coindesk.com/central-banks-gone-wild-bill-barhydt

Now Is the Time for Enterprises to Look at ETH 2.0

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Staking on Ethereum 2.0 is a business opportunity for early adopters in 2021.

via CoinDesk https://www.coindesk.com/now-is-the-time-for-enterprises-to-look-at-eth-2-0

Building the Next Wave of Web 3.0

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Building an internet we can trust requires trustless protocols.

via CoinDesk https://www.coindesk.com/building-the-next-wave-of-web-3-0

Friday 25 December 2020

Bitcoin Hits $25K for First Time Ever

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The event happened just a week after the leading cryptocurrency broke $24k.

via CoinDesk https://www.coindesk.com/bitcoin-hits-25k-for-first-time-ever

Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor

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Naci AÄŸbal's comments would place Turkey on the fast track to central bank digital currency.

via CoinDesk https://www.coindesk.com/turkey-digital-currency-pilot

The View on Bitcoin From Inside Fidelity Digital Assets, feat. Ria Bhutoria

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The director of research at Fidelity Digital Assets gives her take on the crypto space.

via CoinDesk https://www.coindesk.com/bitcoin-fidelity-digital-assets-ria-bhutoria

Get Yourself a Little Bit of Bitcoin | 2020 Holiday Episode

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On today's holiday episode of Markets Daily, we're joined by John Barrett for a holiday classic.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/get-yourself-a-little-bit-of-bitcoin-2020-holiday-episode

UK Crypto Exchange EXMO Says $4M of Hacked Funds Was Through Poloniex

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Cryptocurrency exchange EXMO said an estimated $4 million of the cryptocurrency stolen during a hack on Dec. 21 was through the exchange Poloniex.   Read more: Crypto Exchange EXMO Says Hackers Have Stolen 5% of Total Assets

via CoinDesk https://www.coindesk.com/uk-crypto-exchange-exmo-says-4m-of-hacked-funds-was-through-poloniex

Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit

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Cryptocurrency exchange Bitstamp said it’s halting XRP trading and deposits for all U.S. customers on Jan. 8, 2021, because of the U.S. Securities and Exchange Commission’s recent filing, alleging XRP is a security. This story is developing and will be updated. Read also: An SEC Victory in Ripple Case Would Render XRP ‘Untradeable,’ Market Pros […]

via CoinDesk https://www.coindesk.com/bitstamp-to-halt-xrp-trading-deposits-in-us-due-to-sec-lawsuit

Bitcoin Sets New All-Time High of $24,667.63, Giving HODLers an Xmas Gift

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Bitcoin cut through $24,500 on Christmas Day, setting a new record high as the leading cryptocurrency’s ongoing rally continues the holiday season. Read more: Over $20K? Why Is Bitcoin Worth Anything at All?

via CoinDesk https://www.coindesk.com/bitcoin-sets-new-all-time-high-of-24667-63-giving-hodlers-an-xmas-gift

Thursday 24 December 2020

DeFi Christmas: DEX Aggregator 1inch Launches Governance Token to Take On Uniswap

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The token, named 1INCH and running on Ethereum, will be distributed to all wallets that have previously interacted with the platform.

via CoinDesk https://www.coindesk.com/defi-christmas-dex-aggregator-1inch-launches-governance-token-to-take-on-uniswap

Tierion to Repay ICO Investors Up to $25M Plus Interest in SEC Settlement

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The SEC order effectively blows up 1 billion TNT tokens.

via CoinDesk https://www.coindesk.com/tierion-sec-settlement-tnt

Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles

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With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-dominance-up-xrp-down

‘Bitcoin and Ethereum Have Gone Completely Separate Directions,’ Feat. Bully Esq.

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One of crypto twitter's best-known personalities discusses DeFi, bitcoin and how 2020 was and wasn't like 2017.

via CoinDesk https://www.coindesk.com/bitcoin-ethereum-separate-directions-bully-esq

Miami Mayor ‘Exploring’ Ideas in Crypto Governance

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Mayor Suarez is open to everything from blockchain voting to tokenization.

via CoinDesk https://www.coindesk.com/miami-mayor-crypto-governance

Crypto Exchange Livecoin Begs Users to Stop Trading After Losing Control of Servers

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Livecoin asked clients to stop making deposits and trading after suffering a "carefully planned attack."

via CoinDesk https://www.coindesk.com/livecoin-crypto-exchange-hack

XRP Liquidations Soar as SEC Lawsuit, Token Airdrop Whipsaw Markets

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Over $1.5 billion in XRP futures have been liquidated since the start of November.

via CoinDesk https://www.coindesk.com/xrp-price-liquidations-2020-airdrop-lawsuit-ripple-founders

It’s Beginning To Look a Lot Like Bitcoin | 2020 Holiday Episode

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On today's holiday episode of Markets Daily, we're joined by Santa Clause for a bitcoin holiday classic.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/its-beginning-to-look-a-lot-like-bitcoin-2020-holiday-episode

The Global Challenge of Regulating Virtual Assets

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Moving through the high-level confusion of an emergent field of digital assets during a pandemic presented unique challanges.

via CoinDesk https://www.coindesk.com/the-global-challenge-of-regulating-virtual-assets

Japan Gearing Up to Launch Its Own Digital Currency: Report

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Japan is gearing up to launch a digital currency in both the public and private sectors as it trails China, which is in the trial stage of launching its own. Read more: Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group

via CoinDesk https://www.coindesk.com/japan-gearing-up-to-launch-its-own-digital-currency-report

Coinbase, Other Big Exchanges ‘Between Rock and a Hard Place’ on Delisting XRP

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The question of whether or not to delist XRP isn’t a black-and-white one for crypto exchanges.

via CoinDesk https://www.coindesk.com/coinbase-delist-xrp-exchanges-dilemma

Roisman Named SEC Chairman, Peirce Tweets

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The news comes a day after former Chairman Jay Clayton announced that yesterday was his last day.

via CoinDesk https://www.coindesk.com/roisman-named-sec-chairman-peirces-tweets

Hong Kong ATMs Must Be Excluded From Coming AML Regulations, Group Says

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The government’s plan to regulate cryptocurrency exchanges in Hong Kong could mean ATMs may also be off-limits, the group claims.

via CoinDesk https://www.coindesk.com/hong-kong-atms-must-be-excluded-from-coming-aml-regulations-group-says

Crypto’s Big Rupture Is Coming in 2021

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Crypto is about to split in two. On the one side: KYC-compliant digital currencies. On the other: money "Legos" self-organized in DAO structures.

via CoinDesk https://www.coindesk.com/cryptos-big-rupture-is-coming-in-2021

BitcoinPoint, Cashzone Allow Users to Sell Bitcoin Using 16K ATMs Across UK

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London-based cryptocurrency company BitcoinPoint announced Thursday bitcoin holders can now cash out bitcoin from 16,000 Cashzone automated teller machines (ATMs) situated across the entire U.K.

via CoinDesk https://www.coindesk.com/bitcoinpoint-cashzone-allow-users-to-sell-bitcoin-using-16k-atms-across-uk

PayPal Talks to Buy Crypto Firm BitGo Have Ended, Other Targets Eyed: Report

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Talks regarding a possible acquisition by PayPal of bitcoin custodian BitGo have fallen through, Fortune reported, citing multiple sources. Read more: PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg

via CoinDesk https://www.coindesk.com/paypal-talks-to-buy-crypto-firm-bitgo-have-ended-report

Crypto Exchange Binance Terminates Korea Operations Due To Low Usage

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Cryptocurrency exchange Binance announced Thursday it is closing its Korea operations after eight months of operating due to low usage and volume.

via CoinDesk https://www.coindesk.com/crypto-exchange-binance-terminates-korea-operations-due-to-low-usage

Crypto Hedge Fund Founder Stefan Qin Accused of Fraud by SEC

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The Securities and Exchange Commission (SEC) is accusing the founder of hedge fund Virgil Capital which specializes in cryptocurrency arbitrage, of fraud.

via CoinDesk https://www.coindesk.com/crypto-hedge-fund-founder-stefan-qin-accused-of-fraud-by-sec

Here Comes the Open Lending Era

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Open lending grew from a fringe use-case to a burgeoning engine powering the next phase of the digital economy.

via CoinDesk https://www.coindesk.com/here-comes-the-open-lending-era

Wednesday 23 December 2020

Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago

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The firm's bitcoin AUM rose by more than $3 billion in a week.

via CoinDesk https://www.coindesk.com/grayscale-has-16-4b-in-crypto-assets-under-management-up-from-13b-a-week-ago

SEC Chairman Clayton Says Wednesday Is His Last Day in Office

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Clayton announced in November he would be leaving by the end of the year but hadn't specified a date.

via CoinDesk https://www.coindesk.com/sec-chairman-clayton-says-wednesday-is-his-last-day-in-office

Market Wrap: Bitcoin Rangebound as XRP Plummets After SEC Lawsuit

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Bitcoin continues trading below $24,000 as legal action by the SEC rattles the XRP market.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-rangebound-xrp-plummets-sec-lawsuit

FinCEN’s Proposed Crypto Wallet Rule Might Hit DeFi

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FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance.

via CoinDesk https://www.coindesk.com/fincen-wallet-rule-defi

How 2020 Unlocked a New Generation of Investors, feat. Jill Carlson

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No one would have expected an economic crisis to bring a new generation of investors to the table, but that's exactly what it did.

via CoinDesk https://www.coindesk.com/2020-new-generation-investors-jill-carlson

Camila Russo on Building The Defiant and the Future of DeFi

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The Defiant is required reading about DeFi these days. How did "one more Bloomberg journalist" become a successful media entrepreneur and influencer?

via CoinDesk https://www.coindesk.com/camila-russo-on-building-the-defiant-and-the-future-of-defi

$175K Donation to Coin Center Tops Latest Fundraising Push for Crypto Policy Group

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The donation from a group headlined by NEAR, Solana and Celo comes in addition to $300,000 raised via Gitcoin.

via CoinDesk https://www.coindesk.com/coin-center-donation-near-celo-graph-interchain-solana-gitcoin

SEC Gives Broker-Dealers Room to Handle Crypto Securities

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The SEC's broker-dealer guidance was generally welcomed as a step in the right direction by industry players.

via CoinDesk https://www.coindesk.com/sec-gives-broker-dealers-room-to-handle-crypto-securities

Bitcoin News Roundup for Dec. 23, 2020

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With BTC struggling to break past $24K and the SEC suing Ripple, CoinDesk’s Market’s Daily is back with the latest crypto news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-dec-23-2020

Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple

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Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.

via CoinDesk https://www.coindesk.com/bitwise-liquidates-xrp-position-in-crypto-index-fund-following-sec-suit-against-ripple

Why I’m Long Crypto, Short DLT

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"Too many champions of crypto want to be the epicenter of decentralization," says our columnist.

via CoinDesk https://www.coindesk.com/why-im-long-crypto-short-dlt

First Mover: XRP Plunges 20% as Traders Assess SEC’s Ripple Suit

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The SEC's suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink's token have increased seven-fold this year, most among CoinDesk 20.

via CoinDesk https://www.coindesk.com/first-mover-xrp-plunges-sec-ripple-suit

Nasdaq-Listed Canadian Firm to Invest Over $1M in Bitcoin

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Mogo, a Canadian fintech listed on the Nasdaq and Toronto stock exchanges, said it may make further bitcoin investments next year.

via CoinDesk https://www.coindesk.com/canada-listed-firm-to-invest-over-1m-in-bitcoin

Axie Infinity Launches Public Testnet of Ronin Sidechain to ‘Scale Even Faster’

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Axie Infinity has launched the public testnet of its Ronin sidechain with video game giant Ubisoft as an initial validator.

via CoinDesk https://www.coindesk.com/axie-infinity-launches-public-testnet-of-ronin-sidechain-to-scale-even-faster

Pantera’s Paul Veradittakit’s 2021 Predictions

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What is bringing us closer to a decentralized financial future?

via CoinDesk https://www.coindesk.com/panteras-paul-veradittakits-2021-predictions

Miami Heat’s Tyler Herro Lends Voiceover Chops to Dapper Labs’ NBA Top Shot

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The Miami Heat's Tyler Herro is the first NBA player to provide a voiceover for a crypto game.

via CoinDesk https://www.coindesk.com/miami-heats-tyler-herro-lends-voiceover-chops-to-dapper-labs-nba-top-shot

Cere Network Raises $1.5M More to Bring Its ‘Decentralized Salesforce’ to Polkadot

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Binance-backed Cere Network has raised another $1.5 million to become a decentralized version of Salesforce.

via CoinDesk https://www.coindesk.com/cere-network-crm-decentralized-salesforce-polkadot

South Korea’s Hashed Raises $120M Venture Fund for Crypto Deals

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Hashed Ventures has raised $120 million for a fund that will be focused on a new era of distributed networks.

via CoinDesk https://www.coindesk.com/hashed-ventures-120m-fund-for-crypto-deals

Valid Points: Forget Staking, There Are Still Coins to Be Mined on PoW Ethereum

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Ethereum miners are making investments to maximize profits before mining becomes obsolete and gets replaced by validating on Ethereum 2.0.

via CoinDesk https://www.coindesk.com/forget-staking-still-coins-for-pow-ethereum-miners

Swiss Crypto Bank SEBA Raises $22.5M to Fuel Growth

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The Swiss firm plans to expand into the Middle East and Asia and offer services for U.S. institutional clients.

via CoinDesk https://www.coindesk.com/swiss-crypto-bank-seba-raises-22-5m-to-fuel-growth

Ethereum Developer Virgil Griffith Will Likely Face Trial Next September

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Ethereum developer Virgil Griffith is likely headed to trial on charges of violating international sanctions, after a Tuesday hearing which saw a federal judge clarify what's being argued.

via CoinDesk https://www.coindesk.com/griffith-trial-september

Hong Kong Trading Platform OSL Suspends XRP Services as SEC Sues Ripple

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The SEC is accusing Ripple of violating federal securities laws via sales of the XRP cryptocurrency to retail consumers.

via CoinDesk https://www.coindesk.com/hong-kong-trading-platform-osl-suspends-xrp-services-as-sec-sues-ripple

Hashed Ventures Forms $108M Fund to Invest in Blockchain and ‘Protocol Economy’ Startups

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The regulated fund is aimed to help grow the DeFi and blockchain ecosystem by attracting institutional investors, said CEO Simon Kim.

via CoinDesk https://www.coindesk.com/hashed-ventures-forms-108m-fund-to-invest-in-blockchain-and-protocol-economy-startups

Tuesday 22 December 2020

MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple

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"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.

via CoinDesk https://www.coindesk.com/moneygram-takes-wait-and-see-approach-as-sec-sues-partner-ripple

Coinbase Awards Its First Round of Bitcoin Developer Grants

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Coinbase, one of the oldest and most profitable companies in crypto, has awarded its first round of Bitcoin developer grants.

via CoinDesk https://www.coindesk.com/coinbase-awards-first-round-bitcoin-developer-grants

Bitcoin News Roundup for Dec. 22, 2020

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With bitcoin higher after falling for two days and XRP falling amid warnings the SEC may sue Ripple, CoinDesk’s Market’s Daily is back with another crypto news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-dec-22-2020

Abandon ShipChain! Logistics Startup Torpedoed by SEC Over $27M Unregistered ICO

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ShipChain is the latest ICO project felled by Jay Clayton's SEC.

via CoinDesk https://www.coindesk.com/shipchain-ceases-operations-sec-settlement

Crypto Needs to Engage With the World

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Look beyond the casino-like financial experiments that currently offer only speculation and “get rich quick” schemes, says Cosmos' cofounder.

via CoinDesk https://www.coindesk.com/crypto-needs-to-engage-with-the-world

Why Argentines Are Turning From Dollars to Stablecoins Like DAI

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A cocktail of high inflation, devaluation and lack of access to U.S. dollars has led Argentines to find in the decentralized stablecoin a way to protect their battered incomes.

via CoinDesk https://www.coindesk.com/why-argentines-are-turning-from-dollars-to-stablecoins-like-dai

Los argentinos están cambiando su obsesión histórica con el dólar por DAI

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Un cóctel de alta inflación, devaluaciones y falta de acceso a dólares los ha llevado a encontrar en esa moneda descentralizada una manera de proteger sus castigados ingresos.

via CoinDesk https://www.coindesk.com/los-argentinos-estan-cambiando-su-obsesion-historica-con-el-dolar-por-dai

Italian Banks Start Experiments With Digital Euro Built on Blockchain Tech

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The Italian Banking Association said the work would help financial institutions prepare for the future.

via CoinDesk https://www.coindesk.com/italian-banks-start-experiments-with-digital-euro-built-on-blockchain-tech

Polkadot-Based DeFi Insurance App Raises $1.95M Led by KR1

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Tidal will use the Polkadot blockchain to allow users to insure a set of DeFi applications against smart-contract failure or breaches.

via CoinDesk https://www.coindesk.com/polkadot-based-defi-insurance-app-raises-1-95m-led-by-kr1

Riot Purchases Additional 15,000 Mining Machines From Bitmain

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Nasdaq-listed bitcoin mining firm Riot Blockchain (RIOT) announced its purchase of 15,000 additional mining ASIC machines from Bitmain, pushing the total number of machines ordered by the mining company to over 31,000 in 2020.

via CoinDesk https://www.coindesk.com/riot-bitmain-december-2020-asic-order

FTX Coinbase Futures Soar 140% in First Hour of Trading

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FTX worked with CM-Equity for legal clarity ahead of the launch.

via CoinDesk https://www.coindesk.com/ftx-coinbase-futures-trading-price-ipo

The Blockchain NFT Wars Are Here

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NFTs could become a trillion-dollar industry, but not before its scalability issues are adequately addressed.

via CoinDesk https://www.coindesk.com/the-blockchain-nft-wars-are-here

Druckenmiller, Jones and Bitcoin’s Perfect Trading Machine

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Speculators like Stanley Druckenmiller and Paul Tudor Jones love to play the game. Just don't pin them down to a side, says our columnist.

via CoinDesk https://www.coindesk.com/druckenmiller-jones-bitcoin-perfect-trading-machine

First Mover: What People Said About Bitcoin in 2020 (Both Good and Bad)

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A lot of people said a lot of things, both good and bad, about bitcoin in 2020, as the 11-year-old cryptocurrency defied doubters with a tripling in price. 

via CoinDesk https://www.coindesk.com/what-people-said-about-bitcoin-in-2020

First Cryptocurrency Used by Pornhub Eyes New Use Case in Mobile Charging

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Verge is teaming with a U.S. firm to launch a mobile-charging device that accepts crypto payments.

via CoinDesk https://www.coindesk.com/cryptocurrency-pornhub-verge-mobile-charging

Native NFTs Look to Boost Engagement (and Monetization) for THETA.tv Streamers

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The addition of NFTs to the gaming-focused network means streamers can create their own unique items to share with their fans.

via CoinDesk https://www.coindesk.com/theta-tv-esports-native-non-fungible-tokens-nfts

Payments Firm Wirex Becomes Visa Principal Member Ahead of Crypto Card Launch

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The crypto and fiat payments firm can now issue Visa cards.

via CoinDesk https://www.coindesk.com/payments-firm-wirex-becomes-visa-principal-member-ahead-of-crypto-card-launch

Ford Finds Using Blockchain With Hybrid Vehicles Can Help Cut Air Pollution in Cities

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The automaker's study used blockchain to record hybrid vehicles as they automatically shifted to low-emissions mode in restricted city zones.

via CoinDesk https://www.coindesk.com/ford-finds-using-blockchain-with-hybrid-vehicles-can-help-cut-air-pollution-in-cities

Craig Wright’s Wife Wins UK Lawsuit Over Bitcoin Trading Account Closure

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The exchange operator failed to convince the court that Craig Wright had in fact been trading through his wife's account.

via CoinDesk https://www.coindesk.com/craig-wrights-wife-wins-uk-lawsuit-over-bitcoin-trading-account-closure

Why NFT Collector ‘WhaleShark’ Spent 22 ETH on These Sneakers

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Sneaker studio RTFKT combined physical and digital collectibles in an NFT auction that drew $13,331 for a pair of shoes.

via CoinDesk https://www.coindesk.com/rtfkt-sneakers-nft-collector-whaleshark

Crypto Exchange Coinbase Is Hiring for a New Canada Operation

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The cryptocurrency exchange said the new offices are due to open in 2021, subject to the local coronavirus situation.

via CoinDesk https://www.coindesk.com/crypto-exchange-coinbase-is-hiring-for-a-new-canada-operation

Huobi Crypto Exchange Returning to US After Winning Nevada Trust License

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After an abrupt departure over a year ago, Huobi has now secured a state trust license for its return to the U.S. market.

via CoinDesk https://www.coindesk.com/huobi-crypto-exchange-returns-to-us-after-winning-nevada-trust-license

Monday 21 December 2020

India’s Leading Bitcoin Exchange Raises $13.9M From Block.One, Coinbase Ventures

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India's largest cryptocurrency exchange, CoinDCX, has raised $13.9 million in a Series B funding round led by Block.one.

via CoinDesk https://www.coindesk.com/coindcx-india-bitcoin-exchange-series-b-block-one-coinbase-ventures

‘There Is No Emergency Here’: Coinbase Asks FinCEN to Extend Comment Period on Wallet Regs

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Two weeks during the holiday season and a pandemic is not enough time, the exchange said, asking for the customary 60 days.

via CoinDesk https://www.coindesk.com/there-is-no-emergency-here-coinbase-asks-fincen-to-extend-comment-period-on-wallet-regs

Ripple CEO Warns SEC May Sue Company Over XRP Sales

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"It’s an attack on the entire crypto industry and American innovation," Brad Garlinghouse told Fortune.

via CoinDesk https://www.coindesk.com/sec-to-sue-ripple-over-xrp-sales-ceo-says

Central Banks Had to Up Their Money Game This Year – And They Did

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Faced by the rise of stablecoins and other blockchain experiments, central banks had to up their monetary game – and they did.

via CoinDesk https://www.coindesk.com/money-game-central-banks-cbdc

Linzhi Begins Rollout of Long-Awaited Ethereum Miner ‘Phoenix’

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Linzhi’s “Phoenix” Ethereum ASIC miner is three times more powerful than other machines on the market, as well as more energy efficient.

via CoinDesk https://www.coindesk.com/linzhi-rollout-long-awaited-ethereum-miner-phoenix

Raoul Pal on the Coming Transformation of Monetary and Fiscal Policy

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The founder of Real Vision joins NLW for a discussion of CBDCs, bitcoin and why he remains "irresponsibly long."

via CoinDesk https://www.coindesk.com/raoul-pal-monetary-fiscal-policy

Author Ben Mezrich on Capturing the Winklevii and Plans for a ‘Bitcoin Billionaires’ Movie

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Mezrich, who wrote the book that became "The Social Network," says that movie failed to present the real Winklevoss twins.

via CoinDesk https://www.coindesk.com/ben-mezrich-winklevii-bitcoin-billionaires-movie

Scaramucci’s SkyBridge Launching a Bitcoin Fund

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Anthony Scaramucci's $9.2B hedge fund manager is launching its first bitcoin fund.

via CoinDesk https://www.coindesk.com/skybridge-launching-bitcoin-fund-scaramucci

Uniswap Is the Number One Gas Guzzler on Ethereum

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Decentralized exchange Uniswap burns through more gas than any other application on Ethereum.

via CoinDesk https://www.coindesk.com/uniswap-number-one-gas-guzzler-ethereum

Bitcoin News Roundup for Dec. 21, 2020

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With BTC retreating from its eight-day streak of gains and MicroStrategy's most recent bitcoin splurge, CoinDesk’s Market’s Daily is back with another crypto news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-dec-21-2020

Grayscale Halts Bitcoin Trust Inflows as JPMorgan Warns Slowdown Could Hit BTC Price

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Without new capital inflows, Grayscale will not be able to buy more bitcoin or ethereum.

via CoinDesk https://www.coindesk.com/grayscale-halts-bitcoin-trust-investments

Bank of Russia Chair: Digital Ruble Is No Threat to Banks

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Russian banks are concerned the digital ruble might hurt their business, but the Bank of Russia is nonchalant

via CoinDesk https://www.coindesk.com/bank-of-russia-chair-digital-ruble-is-no-threat-to-banks

BitGrail Operator May Have Hacked Own Exchange to Steal €120M, Police Allege

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Italian police said the Florence-based man is either behind the breaches or took no action after the first attack came to light.

via CoinDesk https://www.coindesk.com/bitgrail-operator-may-have-hacked-own-exchange-to-steal-e120m-police-allege

Public Blockchains Are Set to Reshape Global Commerce (2020 Was the Start)

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EY's blockchain leader says blockchain technology's biggest impact will be in lowering transaction costs in the global economy.

via CoinDesk https://www.coindesk.com/public-blockchains-global-commerce-2020

India’s State-Led Payment Network Is Growing. Now Nation Wants to Export It

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India’s state-led payments system, United Payments Interface (UPI), was first rolled out in 2016 and is currently used by 175 million people.

via CoinDesk https://www.coindesk.com/india-wants-to-export-growing-payments-network-upi

First Mover: As Markets Turn Ugly, Bitcoiners Thank Secular Trend

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At start of October, bitcoin analysts were bullish, but few would have guessed the cryptocurrency's price could double by the end of 2020.

via CoinDesk https://www.coindesk.com/first-mover-markets-ugly-bitcoiners-secular-trend

Crypto Exchange EXMO Says Hackers Have Stolen 5% of Total Assets

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The incident saw losses of bitcoin, XRP, zcash, tether, ether and ethereum classic, according to early analysis.

via CoinDesk https://www.coindesk.com/crypto-exchange-exmo-says-hackers-have-stolen-5-of-total-assets

Tezos Israel Develops Hardware Device to Protect Network Validators’ Staked Assets

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Innovation hub Tezos Israel has built a hardware security device it says will better secure the staked assets of Tezos' network validators.

via CoinDesk https://www.coindesk.com/tezos-israel-develops-hardware-device-to-protect-network-validators-staked-assets

Robot Ventures, Others Back ‘Crypto Stripe’ Flexa in $20M Raise

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The crypto payment provider has raised $20 million from a private sale of its AMP token used for its new backend.

via CoinDesk https://www.coindesk.com/crypto-payment-app-flexa-raises-20m-unveils-new-backend

MicroStrategy Splurges Another $650M in Latest Bitcoin Investment

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MicroStrategy is transforming itself into corporate America's boldest bitcoin bull, now owning bitcoin worth over $1.596 billion.

via CoinDesk https://www.coindesk.com/microstrategy-buys-bitcoin-debt

IBM Launches Test Service Using ‘Holy Grail’ of Data Privacy Technology

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The privacy technology, called fully homomorphic encryption, keeps data hidden even when being processed.

via CoinDesk https://www.coindesk.com/ibm-launches-test-service-using-holy-grail-of-data-privacy-technology

Puerto Rico-Based FV Bank to Offer Regulated Crypto Custody in the US

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FV Bank says it has received permission from a Puerto Rico banking regulator to provide custody services for bitcoin, ether and more in the U.S.

via CoinDesk https://www.coindesk.com/puerto-rico-based-fv-bank-to-offer-regulated-crypto-custody-in-the-us

Decentralized Stock Trading Launches on DeFi Platform Injective Protocol

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The tokenized stock offerings initially include Airbnb, Tesla, Amazon and Google.

via CoinDesk https://www.coindesk.com/decentralized-stock-trading-launches-on-defi-platform-injective-protocol

A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan

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Digital asset investment firm Grayscale is sucking up so much bitcoin it could sway prices.

via CoinDesk https://www.coindesk.com/a-slowing-of-grayscale-bitcoin-fund-inflows-could-prompt-price-correction-jpmorgan

Sunday 20 December 2020

Why Ledger Kept All That Customer Data in the First Place

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Sunday’s dump of customer emails and addresses serves as a sobering reminder that even a maker of hardware crypto wallets can become a data honeypot.

via CoinDesk https://www.coindesk.com/why-ledger-kept-all-that-customer-data-in-the-first-place

Bitcoin Price Caps Best Week in 20 Months With 23% Gain

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Bitcoin ended the week trading just below $23,500.

via CoinDesk https://www.coindesk.com/bitcoin-price-weekly-gain-25-percent-december-2020

Crypto Long & Short: Bitcoin Is More Than a Hedge Against Inflation – It’s a Hedge Against ‘Crazy’

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For many, bitcoin is hedge against inflation. But it's also a safety play for a world where old ideas about economics are up in the air.

via CoinDesk https://www.coindesk.com/bitcoin-hedge-inflation-crazy

US Lawmakers ‘Hours Away’ From Stimulus Bill, McConnell Says: WSJ

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Negotiators on Sunday were hammering out final details of a $900 million pandemic stimulus, the Wall Street Journal reported.

via CoinDesk https://www.coindesk.com/us-lawmakers-hours-away-from-stimulus-bill-mcconnell-says-wsj

The Graph’s Token Soars as a Bevy of Exchanges Add the Cryptocurrency

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Coinbase, Kucoin, OKEx, Kraken, Binance and other exchanges are now allowing trading of the GRT token.

via CoinDesk https://www.coindesk.com/the-graphs-token-soars-as-a-bevy-of-exchanges-add-the-cryptocurrency

You Say You Want a Bitcoin Revolution

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The way the Beatles revolution was corporatized has lessons for Bitcoin's future. It needs to remain true to its roots.

via CoinDesk https://www.coindesk.com/say-you-want-bitcoin-revolution

You Say You Want a Bitcoin Revolution

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The way the Beatles revolution was corporatized has lessons for Bitcoin's future. It needs to remain true to its roots.

via CoinDesk https://www.coindesk.com/say-you-want-bitcoin-revolution

Square’s Cash App Now Lets Customers Get Bitcoin Back on Purchases

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Previously, Cash App had only allowed clients to get U.S. currency back on transactions.

via CoinDesk https://www.coindesk.com/squares-cash-app-now-lets-customers-get-bitcoin-back-on-purchases

Warp Finance Says It Recovered 75% of the $7.76M Funds Taken in Flash Loan Attack

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The recovered funds should be distributed sometime late Sunday night.

via CoinDesk https://www.coindesk.com/warp-finance-says-it-recovered-75-of-the-7-76m-funds-taken-in-flash-loan-attack

Road to IPO: Coinbase’s Power Struggles

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A new book about Coinbase, which this week announced plans for an IPO, lifts the lid on executive infighting at the startup in 2018 and 2019.

via CoinDesk https://www.coindesk.com/road-to-ipo-coinbases-power-struggles

Where Peer-to-Peer Finance Grabbed Hold This Year

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Nigeria, China, India, the U.S. and Vietnam were leading markets for peer-to-peer finance. South Africa and Turkey saw more stablecoin use.

via CoinDesk https://www.coindesk.com/where-peer-to-peer-finance-grabbed-hold-this-year

Why Bitcoin and Rehypothecation Don’t Mix

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A reading of Jeffrey Snider’s latest essay and Caitlin Long’s companion tweet thread.

via CoinDesk https://www.coindesk.com/bitcoin-rehypothecation-dont-mix

Dogecoin Jumps 20% After Elon Musk Twitter Shout-Out

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Musk fired off a series of bitcoin-related tweets too.

via CoinDesk https://www.coindesk.com/dogecoin-20-percent-jump-price-elon-musk

Saturday 19 December 2020

Tiny Capital’s Wilkinson Shows Interest in Bitcoin

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Wilkinson's tweeted inquiry started a lively debate on the merits of the most valuable cryptocurrency.

via CoinDesk https://www.coindesk.com/tiny-capitals-wilkinson-shows-interest-in-bitcoin

Bitcoin Briefly Tops 24K, Setting New All-Time High

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The price of bitcoin (BTC) topped 24,000, for the first time ever before falling back.

via CoinDesk https://www.coindesk.com/bitcoin-briefly-tops-24k-setting-new-all-time-high

Bitcoin.org Briefly Shut Down by Denial of Service Attack; Bitcoin Not Affected

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While the site was inaccessible, Bitcoiners shared the software to newcomers wanting to download Bitcoin's code.

via CoinDesk https://www.coindesk.com/bitcoin-org-briefly-shut-down-by-denial-of-service-attack-bitcoin-not-affected

Jefferies’ Wood Cuts Gold Exposure in Favor of Bitcoin

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Wood will be cutting the gold position in his long-only asset allocation for U.S.-dollar-based pension funds to 45% from 50% and initiating a 5% holding of bitcoin

via CoinDesk https://www.coindesk.com/jefferies-wood-cuts-gold-exposure-in-favor-of-bitcoin

COVID and Big Tech Burnout Are Pushing Social Tokens Mainstream

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Before this year, social tokens were an intriguing but mostly hypothetical way to build a creator community.

via CoinDesk https://www.coindesk.com/covid-big-tech-pushing-social-tokens-mainstream

Preston Pysh on Why Currencies Fail

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An encore presentation of NLW’s conversation with Preston Pysh recorded on March 12 – the infamous Black Thursday.

via CoinDesk https://www.coindesk.com/preston-pysh-on-why-currencies-fail

What This Digital Asset Investment Firm Missed and Capitalized on in 2020

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Arca's CIO on DeFi's big year, Bitcoin's ascent to “mainstream global investment,” and the promise of digitizing the live sports experience.

via CoinDesk https://www.coindesk.com/what-this-digital-asset-investment-firm-missed-and-capitalized-on-in-2020

The Pandemic Turbocharged Online Privacy Concerns

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End-to-end encryption was never more important than this year. In 2021, battles over the future of online privacy – and therefore the nature of the internet itself – will come to head.

via CoinDesk https://www.coindesk.com/online-privacy-pandemic-year

Friday 18 December 2020

Here’s What Happened at Crypto Lender Cred’s Latest Bankruptcy Hearing

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Judge John Dorsey of the Delaware Bankruptcy Court rejected a motion to appoint a Chapter 11 trustee to oversee Cred’s restructuring.

via CoinDesk https://www.coindesk.com/crypto-lender-cred-bankruptcy-hearing

Balaji Srinivasan on Communist Capital vs. Woke Capital vs. Crypto Capital

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One of the internet’s most fluid thinkers joins to give a brief history of the future.

via CoinDesk https://www.coindesk.com/balaji-srinivasan-communist-woke-crypto-capital

Lil Pump Is Doing a Social Token Called PumpCoin

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Rapper Lil Pump is the latest celebrity to dip into the crypto world with the launch of his “PumpCoin” social token.

via CoinDesk https://www.coindesk.com/lil-pump-is-doing-a-social-token-called-pumpcoin

Blockchain Bites: The Fight for Private, Digital Cash

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Coinbase send IPO smoke signals. FinCEN wants crypto experts. Bitcoin is still above $20K.

via CoinDesk https://www.coindesk.com/blockchain-bites-the-fight-for-private-digital-cash

Ruffer Investment Used Coinbase to Execute $745M Bitcoin Buy

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Coinbase and One River Digital worked in tandem to execute U.K mega-manager Ruffer Investment's $745 million bitcoin purchase in November.

via CoinDesk https://www.coindesk.com/ruffer-investment-one-river-digital-coinbase-bitcoin-buy

Coinbase Picks Goldman Sachs to Lead Upcoming IPO: Report

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Coinbase's selection comes per industry sources cited by Business Insider.

via CoinDesk https://www.coindesk.com/coinbase-picks-goldman-sachs-ipo

Bitcoin News Roundup for Dec. 18, 2020

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With Deribit providing options for betting on a bitcoin rally and the IMF's predictions for digital currencies, CoinDesk’s Market’s Daily is back with another crypto news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-dec-18-2020

Money Reimagined: Your Data, Our Humanity

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At stake as we debate the data-monopolizing power of the internet’s biggest companies: the future of what it means to be human.

via CoinDesk https://www.coindesk.com/personal-data-humanity-big-tech

Privacy, Social Media and the Reinvention of Company Towns

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Join Michael Casey and Shelia Warren as they speak with tech ethnographer Tricia Wang and metaMe CEO Dele Atanda, as they dig into the value of personal data and privacy in the modern era.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/social-media-privacy-concerns

Akon: Crypto Can Give Africa Financial Freedom

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The revolutionary power of blockchain will play a significant role in the golden age of African development.

via CoinDesk https://www.coindesk.com/akon-crypto-africa-financial-freedom

First Mover: Bitcoin Rally Stalls as ‘DeFi Summer’ Proves Endless

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This year's explosion in decentralized finance, or DeFi, highlighted just how much innovation was happening in digital-asset markets, beyond bitcoin.

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-rally-defi-summer-endless

FTX Seeks to Launch Coinbase Futures Market Ahead of Public Listing

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Launching the new futures market depends on regulatory clarity.

via CoinDesk https://www.coindesk.com/ftx-futures-coinbase-listing-ipo-regulation

Mizuho Analyst: Bitcoin Will Make PayPal ‘Center of People’s Financial Lives’

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Mizuho sees bitcoin, not as a source of revenue itself, "but as a vehicle to boost engagement on the app," and that could drive revenue growth, the analyst said.

via CoinDesk https://www.coindesk.com/mizuho-analyst-bitcoin-will-make-paypal-center-of-peoples-financial-lives

Scottish University Taps Blockchain Tech to Fight Whisky Fakes

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Anti-tamper bottle tags and the blockchain tracking platform from Everledger are being deployed to help tackle the trade in counterfeit whiskies.

via CoinDesk https://www.coindesk.com/scottish-university-taps-blockchain-tech-to-fight-whisky-fakes

The Good, the Bad and the DAOs Only a Founder Could Love in 2020

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Founder of DAO Leadership Grace Rachmany gives a rundown on the current state of the DAO landscape.

via CoinDesk https://www.coindesk.com/daos-2020-good-bad-ugly

Japan’s SBI, Securitize Bringing Security Tokens to Crypto Wallet for Institutions

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The integration with Securitize will enable users of the "sbiwallet" to sell, issue and manage tokenized securities directly within the app.

via CoinDesk https://www.coindesk.com/japans-sbi-securitize-bringing-security-tokens-to-crypto-wallet-for-institutions

Beyond ASICs: 3 Trends Driving Bitcoin Mining Innovation

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The bitcoin mining industry needs more than a market rally to survive – it needs to find answers to its environmental and geographical threats.

via CoinDesk https://www.coindesk.com/3-trends-driving-bitcoin-mining-innovation

Self-Hosted Bitcoin Wallets Become Front Line in Fight Over Crypto Regulations

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The steady creep of know-your-customer (KYC) requirements over firms that touch digital assets is now at the foot of self-hosted wallets.

via CoinDesk https://www.coindesk.com/self-hosted-bitcoin-wallets-become-front-line-in-fight-over-crypto-regulations

Deribit’s New Options Allow Bitcoin Traders to Bet on Rally to $100K

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Options at the $100,000 strike price expiring on Sept. 24, 2021, went live on Deribit Thursday.

via CoinDesk https://www.coindesk.com/deribits-new-options-allow-bitcoin-traders-to-bet-on-rally-to-100k

US Man Admits Using Bitcoin to Help Launder $630K From Romance, Lottery Scams

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Austin Nedved pleaded guilty to involvement in scams that reaped over $600,000 by targeting the elderly and vulnerable.

via CoinDesk https://www.coindesk.com/us-man-admits-using-bitcoin-to-help-launder-630k-from-romance-lottery-scams

Safello Raises $1.3M, Plans IPO in First Half of 2021

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The Sweden-based exchange says it aims to list on Nasdaq's First North Growth Market next year.

via CoinDesk https://www.coindesk.com/bitcoin-exchange-safello-raises-1-3m-ipo-2021

FC Barcelona Footballer Invests $4.3M in Fan Token Platform Sorare

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Sorare, the platform for digital soccer collectibles, announced that FC Barcelona's Gerard Piqué is investing $4.3 million in the NFT site.

via CoinDesk https://www.coindesk.com/gerard-pique-nft-platform-sorare-seed-round

Thursday 17 December 2020

US Treasury Bulking Up Crypto Policy Advisers as Wallet Reg Rumors Swirl

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FinCEN has posted a pair of job listings for crypto policy advisors amid rumors that new regulations around wallets will arrive soon.

via CoinDesk https://www.coindesk.com/fincen-crypto-policy-adviser

Warp Finance Suffers Possible $8M Flash Loan Attack

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The scheme has become common in the fast-growing DeFi sector.

via CoinDesk https://www.coindesk.com/warp-finance-suffers-possible-8m-flash-loan-attack

Web 3.0 Infrastructure Blockchain ‘The Graph’ Now Live on Ethereum

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The Graph seeks to create usable decentralized indexes and API feeds for blockchain-based projects through its own blockchain and native token GRT.

via CoinDesk https://www.coindesk.com/web-3-0-infrastructure-blockchain-the-graph-live-ethereum

CFTC’s Latest Crypto Primer Highlights DeFi, Governance

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Decentralized finance and crypto governance are among a growing list of topics the Commodity Futures Trading Commission is watching in the digital asset space, it said in a new primer.

via CoinDesk https://www.coindesk.com/cftcs-latest-crypto-primer-highlights-defi-governance

DeFi Startup Brings Corporate Lending Terms to Miners, Traders and Market Makers

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Maple Finance is a new firm out of Australia releasing a token-governed platform for institutional lending.

via CoinDesk https://www.coindesk.com/maple-finance-corporate-lending-defi

Binance Labs Leads $12M Series B for Multi-Asset Wallet Developer MATH

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NGC Ventures, Capital6 Eagle and Amber Group co-led the round.

via CoinDesk https://www.coindesk.com/binance-labs-leads-12m-series-b-for-multi-asset-wallet-developer-math

Bridging Cultural Gaps in 2021: Crypto in China and the US

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Culture nuance defines a business climate. Multicoin investment principal Mable Jiang breaks down the divisions between East and West.

via CoinDesk https://www.coindesk.com/culture-gaps-crypto-us-china

Bitcoin Chatter on Twitter Nears Highest Level in 3 Years Amid Price Surge

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Unique Twitter accounts joining the bitcoin conversation also surged, according to data from The TIE.

via CoinDesk https://www.coindesk.com/bitcoin-chatter-on-twitter-nears-highest-level-in-3-years-amid-price-surge

Robinhood Pays SEC $65M to Settle Allegations It Misled Customers

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Robinhood's commission-free trading model actually deprived customers of $34 million, the SEC alleged.

via CoinDesk https://www.coindesk.com/robinhood-pays-sec-65m-to-settle-allegations-it-misled-customers

The Year We Learned the Rewards and Risks of Smart Devices

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Moving into 2021, smart devices may be the most important battleground for data ownership and personal privacy.

via CoinDesk https://www.coindesk.com/the-year-we-learned-the-rewards-and-risks-of-smart-devices

First Mover: Geek-Fest Turns Relevant as Bitcoin Passes $21K, $22K, $23K

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As bitcoin prices push to new all-time highs, it's worth recalling May's "halving," which highlighted the cryptocurrency's potential inflation-resistance.

via CoinDesk https://www.coindesk.com/first-mover-geek-fest-turns-relevant-as-bitcoin-passes-21k-22k-23k

Global Stablecoins Could Eventually Become Reserve Currencies: IMF Paper

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The IMF paper suggests that the U.S. dollar's role as a reserve currency is safe for now, but private digital currencies could come to compete in time.

via CoinDesk https://www.coindesk.com/global-stablecoins-could-eventually-become-reserve-currencies-imf-paper

Digital Assets Find Their Footing in Unstable Times

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Socioeconomic forces have tipped in crypto's favor this year.

via CoinDesk https://www.coindesk.com/digital-assets-find-their-footing-in-unstable-times

US Bitcoin Mining Firm Core Scientific to Triple Capacity With Massive 59,000-Machine Order

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U.S. blockchain and AI infrastructure provider Core Scientific has expanded its fleet of state-of-the-art crypto miners to over 77,000.

via CoinDesk https://www.coindesk.com/core-scientific-bitmain-s19-antminer-order

Salvation Army Now Accepts Bitcoin, Ether Donations in US

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The Salvation Army Western Territory is now accepting crypto donations through Engiven’s platform.

via CoinDesk https://www.coindesk.com/salvation-army-now-accepts-bitcoin-ether-donations-in-us

Above $100: Litecoin Hits Highest Price Since Summer 2019

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Litecoin hasn't been in three figures since its second mining reward halving in 2019.

via CoinDesk https://www.coindesk.com/litecoin-price-100-halving

Mining Market NiceHash Refunds Users 4,640 Bitcoin Lost in 2017 Hack

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The company has "regularly waved profits" for three years, the firm's CEO wrote Thursday.

via CoinDesk https://www.coindesk.com/nicehash-hack-customers-refund-bitcoin-ceo

Musician Sells NFT Token Bringing Royalty Rights for $26K in Crypto

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Music streaming platform Rocki has announced its first NFT sale as it prepares for beta launch.

via CoinDesk https://www.coindesk.com/musician-sells-nft-token-bringing-royalty-rights-for-26k-in-crypto

Paxos Raises $142M Series C Following PayPal Deal, OCC Bank Charter Application

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Paxos has raised $142 million to facilitate mainstream adoption. “We think that opportunity is now,” said CEO Charles Cascarilla.

via CoinDesk https://www.coindesk.com/paxos-raises-142m-series-c-following-paypal-deal-occ-bank-charter-application

Bitcoin Drops Nearly 7% After Setting New Record High of $23,770

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Bitcoin surged to new record highs above $23,000 earlier on Thursday, before quickly falling back by over $1,500.

via CoinDesk https://www.coindesk.com/bitcoin-drops-nearly-7-after-setting-new-record-high-of-23770

American Express Invests in Institutional Trading Platform FalconX

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FalconX announced Wednesday that American Express Ventures made the investment as an extension of a fundraise earlier this year, but did not disclose an amount.

via CoinDesk https://www.coindesk.com/american-express-invests-institutional-trading-platform-falconx

Crypto Exchange Bitpanda to Double Workforce With €10M Tech Hub Launch

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The new hub in Krakov, Poland, will help the company expand and launch new services, execs said.

via CoinDesk https://www.coindesk.com/bitpanda-tech-hub-jobs-poland

Wednesday 16 December 2020

Bitcoin Sailing in Uncharted Waters as Price Crosses $22K for First Time

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Bitcoin is heading north having blown past two price hurdles to reach another record all-time high.

via CoinDesk https://www.coindesk.com/bitcoin-uncharted-waters-above-22k

Coinbase CEO Pens Words of Caution to Crypto Newcomers

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Brian Armstrong has provided sobering words to new entrants of cryptocurrency.

via CoinDesk https://www.coindesk.com/coinbase-armstrong-bitcoin-crypto-caution

Lil Yachty Collectible Fetches $16K in Latest String of High-Profile NFT Auctions

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The lucky winner is “westcoastbill” – a user who appears to have sniped Tyler Winklevoss by $50 at the last minute.

via CoinDesk https://www.coindesk.com/lil-yachty-collectible-fetches-16k-in-latest-string-of-high-profile-nft-auctions

Bitcoin Mining Stocks Soar as BTC Blows Past $20K

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Share prices for publicly traded bitcoin mining companies are climbing as the leading cryptocurrency sliced through $20,000 Wednesday.

via CoinDesk https://www.coindesk.com/bitcoin-mining-stocks-soar-bitcoin-price-riot-marathon-hut8-hive

Bitcoin News Roundup for Dec. 16, 2020

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With BTC breaking $20K for the first time and the Fed announcing yet another change to monetary policy, CoinDesk’s Market’s Daily is back with another crypto news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-dec-16-2020

Bitcoin Scam Using Unauthorized Celebrity Images in Ads Traced to Moscow: Report

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A Guardian Australia investigation traced the source of a major crypto scam using Google ads to addresses in Moscow.

via CoinDesk https://www.coindesk.com/bitcoin-scam-ads-using-unauthorized-celebrity-images-traced-to-moscow-report

Why $20,000 Bitcoin Matters

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Validation. Psychology. FOMO. NLW looks at why today’s price achievement marks a turning point in bitcoin’s history.

via CoinDesk https://www.coindesk.com/20k-bitcoin-matters

Why You Should or Shouldn’t Fire Your Financial Adviser Over Bitcoin

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On this special holiday episode of "On Purpose," host Tyrone Ross breaks down his viewpoint on the abuse financial advisers are receiving for missing the boat on bitcoin.

via CoinDesk https://www.coindesk.com/podcasts/on-purpose-with-tyrone-ross/fire-financial-adviser-bitcoin

First Mover: Stimulus Tests Bitcoin in Real-Time, and It Passes $20K

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Bitcoin has climbed as more big investors said it might serve as a hedge against inflation. On Wednesday prices crossed $20K for the first time.

via CoinDesk https://www.coindesk.com/first-mover-stimulus-tests-bitcoin-in-real-time-and-it-passes-20k

CME Announces Ether Futures Contracts

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The Chicago Mercantile Exchange (CME) announced Wednesday it will launch a futures contract on ether, the world's second-largest cryptocurrency by market value, in February.

via CoinDesk https://www.coindesk.com/cme-ether-futures

OKCoin Debuts CeFi-DeFi Mashup With Portal for Stablecoin Deposits

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OKCoin is allowing users to invest in decentralized finance (DeFi) applications through its site without paying gas fees.

via CoinDesk https://www.coindesk.com/okcoin-debuts-cefi-defi-mashup-with-portal-for-stablecoin-deposits

Experiments in Crypto’s Governance Lab

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Governance is one of the least appreciated fields of innovation in crypto and this year we saw exciting new ideas emerge.

via CoinDesk https://www.coindesk.com/experiments-crypto-governance-lab

French Fashion Brand Adds Blockchain Tracking to Clothes Made From Ocean Plastic

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True Tribe is using the Ethereum-based SUKU protocol to track the provenance of clothing made from recycled ocean trash.

via CoinDesk https://www.coindesk.com/french-fashion-brand-true-tribe-blockchain-tracking-suku

Kraken Exchange Will Integrate Bitcoin’s Lightning Network in 2021

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The Kraken Exchange will be implementing Bitcoin’s Lightning Network in 2021, and it’s begun hiring a team to manage the feature.

via CoinDesk https://www.coindesk.com/kraken-exchange-integrate-bitcoin-lightning-2021

Bitcoin Hits Record Above $20K as Analysts Remain Confident of Future

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Bitcoin has risen above $20,000 to reach the highest point in its 12 year history.

via CoinDesk https://www.coindesk.com/bitcoin-price-breaks-20k

Robinhood Faces Legal Action from US Regulator Over ‘Aggressive Marketing’: WSJ

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The Massachusetts Securities Division reportedly wants Robinhood to better protect its inexperienced traders.

via CoinDesk https://www.coindesk.com/robinhood-faces-legal-action-from-us-regulator-over-aggressive-marketing-wsj

Ruffer Investment Confirms Massive Bitcoin Buy of $744M

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UK-based Ruffer confirmed the size of its tremendous bitcoin investment from November in an email to CoinDesk Wednesday.

via CoinDesk https://www.coindesk.com/ruffer-confirms-744m-bitcoin-investment

Crypto Is a Low-Risk, High-Reward Career Move These Days

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Betting your career on crypto is dangerous now we have billion dollar businesses and people like Paul Tudor Jones have endorsed Bitcoin.

via CoinDesk https://www.coindesk.com/crypto-career-low-risk-high-reward

Fintech Company Launches Platform to Assist in Central Bank Digital Currency Development

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Fintech company EMTECH is launching a compliance platform that helps central banks tackle compliance issues or safely test their central bank digital currencies.

via CoinDesk https://www.coindesk.com/fintech-company-launches-platform-to-assist-in-central-bank-digital-currency-development

Valid Points: The Four Keys to Unlocking Ethereum 2.0, Explained

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Staking services on Ethereum 2.0 come in two flavors: custodial and noncustodial. Their difference comes down to who's holding what keys.

via CoinDesk https://www.coindesk.com/valid-points-unlocking-ethereum-2-0-staking-explained

Germany Legalizes Electronic Securities on the Blockchain

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Angela Merkel's cabinet passed new legislation on Wednesday removing the requirement to have paper-based securities and allowing blockchain to be used instead.

via CoinDesk https://www.coindesk.com/germany-legalizes-electronic-securities-on-the-blockchain