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Thursday 26 August 2021

Why Did Visa Buy a $150K NFT? Why Does Anyone?

https://ift.tt/eA8V8J

There are some very good reasons, it turns out, rooted in our deep, totally irrational animal brains.

via Search Results for “diamond” – CoinDesk https://www.coindesk.com/why-did-visa-buy-a-150k-nft-why-does-anyone

Sunday 1 August 2021

US Stablecoin Regulation Could Lead to Geopolitical Competition

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Recent regulatory developments could push stablecoins closer to the existing fiat system, unleashing competition for control over a lifeblood of the crypto industry, says our columnist.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/us-stablecoin-regulation-could-lead-to-geopolitical-competition

Parsing 3 Types of Risk in Digital Assets

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In digital assets, high yields are ubiquitous, but it’s not always clear what risks are actually taken to generate these yields, says our columnist.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/parsing-three-types-of-risk-in-digital-assets

Crypto Volatility Index 2.0 Rolled Out With USDC Support

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Users can now open USDC positions and stake CVI USDC through the index.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/crypto-volatility-index-2-0-rolled-out-with-usdc-support

Market Wrap: Bitcoin Expected to Pause Before Next Rally

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Analysts expect bitcoin to pause at around $40K before its next leg up.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/market-wrap-bitcoin-expected-to-pause-before-next-rally

Traders, Unswayed by Axie Infinity Hype, Are Aggressively Shorting AXS

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Data underscores that It’s not that easy to win over a crypto trader’s heart.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/traders-unswayed-by-axie-infinity-hype-are-aggressively-shorting-axs

How Decentralized Is DeFi?

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Uniswap’s removal of a set of assets from its interface has the community asking just how decentralized is the platform.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/how-decentralized-is-defi-uniswap

Market Wrap: Bitcoin Stalls After Short-Squeeze Rally

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Technical data suggests lower support around $34,000 could stabilize the current pullback.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/market-wrap-bitcoin-stalls-short-squeeze

Why Stablecoins Are Suddenly in the News

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From questions surrounding Tether's USDT to Circle's plan to go public, here is your guide to why everyone is suddenly talking about stablecoins.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/why-stablecoins-are-suddenly-in-the-news

Crypto News Roundup for July 27, 2021

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With the crypto markets stabilizing after a recent short squeeze and a look at how crypto developers are spending more time optimizing than innovating, CoinDesk’s Markets Daily is back with the latest news roundup.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/podcasts/markets-daily/crypto-news-roundup-july-27-2021

Bitcoin, Ether Options Markets Pare Bearish Bias

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The short-term put-call skews have pulled back due to a flurry of call buying.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/bitcoin-ether-options-markets-pare-bearish-bias

State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect

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Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/congress-simultaneous-hearings

Crypto Fintech Eco Raises $60M for High-Yield USDC Savings App

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The a16z-backed Eco, where users’ deposits are loaned out in USDC, says it’s keeping an eye on the BlockFi case.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/eco-raises-60m-to-bring-usdc-back-end-to-mainstream-users

Solana’s Saber Labs Raises $7.7M in Seed Funding Round Led by Race Capital

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Funding will go toward three main areas including hiring, marketing as well as business and product development.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/solanas-saber-labs-raises-7-7m-in-seed-funding-round-led-by-race-capital

Bitcoin Takes a Breather as Stocks Drop, Inflation-Adjusted Bond Yields Hit Record Low

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Deep negative real returns on bonds tend to boost the attractiveness of other assets.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/bitcoin-takes-a-breather-as-stocks-drop-inflation-adjusted-bond-yields-hit-record-low

The Tether Put: Crypto Equivalent of Credit Default Swap?

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Cryptocurrency market makers say they're fielding inquiries about how to bet on a falling price for the dollar-pegged stablecoin USDT.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/tether-put-crypto-credit-default-swap

Market Wrap: Possible Trend Reversal as Bitcoin Spikes Past $40K

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The strong bounce in bitcoin over the weekend occurred as shorts covered positions.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/market-wrap-bitcoin-spike-potential-trend-reversal

Tether’s Collapse Would Be Chaotic, Not Cataclysmic

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Possible criminal charges against Tether executives will put even more pressure on a product that the market is already cooling on.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/tethers-collapse-would-be-chaotic-not-cataclysmic

Bitcoin Climbs Past $40K for First Time Since Mid-June

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Market analysts say Monday's price gains accelerated amid a short squeeze.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/bitcoin-climbs-past-40k

Bitcoin Spike Fueled by Short Squeeze as Market Shrugs Off Tether News

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According to one analyst, some $1 billion in trading positions were liquidated as prices surged.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/bitcoin-spike-short-squeeze-tether

USDT Maintains Dollar Peg as Traders Shrug Off DOJ Tether Probe Report

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Unlike past scares, Monday’s report of a Department of Justice investigation hasn’t shaken traders’ faith in the stablecoin.

via Search Results for “tether” – CoinDesk https://www.coindesk.com/usdt-maintains-dollar-peg-as-traders-shrug-off-doj-tether-probe-report

Friday 2 July 2021

State of Crypto: Inside the NRCC’s Plan to Accept Crypto Donations

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The NRCC will soon accept crypto donations because Republican donors requested the payment method, the campaign committee's chair said.

via Search Results for “bitcoin-cash” – CoinDesk https://www.coindesk.com/state-of-crypto-nrcc-crypto-donations

Monday 14 June 2021

6 Insurers Initiate New Cryptocurrency Investment Positions: Report

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Insurance firms have increased their interest in crypto investments in recent months.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/6-insurers-initiate-new-cryptocurrency-investment-positions-report

DeFi Projects Continue Flocking to Layer 2 Solution Polygon

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Polygon’s cheaper transaction costs and faster block time have driven increased adoption by a number of major projects.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/defi-projects-continue-flocking-to-layer-2-solution-polygon

Human Protocol Expands hCaptcha Tool, Launches Wallet to Make AI Smarter

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“Proof-of-HUMANity” could also thwart front-running DeFi bots.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/human-protocol-expands-hcaptcha-tool-launches-wallet-to-make-ai-smarter

Market Wrap: Bitcoin Sustains ‘Musk Jump’ as Crypto Sentiment Improves

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Bitcoin tests $40K following positive comments from Tesla's CEO Elon Musk and hedge fund manager Paul Tudor Jones.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/market-wrap-bitcoin-musk-jump-crypto-sentiment-improves

Bitcoin and Ether Price Indicators Support Near-Term ‘Relief Rally’

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Bitcoin's weekly stochastic oscillator has turned up from oversold or below -20 levels, a positive sign for the cryptocurrency.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/bitcoin-ether-price-indicators-relief-rally

Bitcoin Fund Outflows Slow but Investors Start Exiting Ether Funds

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The amount of money leaving was significantly less than the previous, record week of $141 million.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/bitcoin-fund-outflows-stabilize-investors-exit-ether

Goldman Sachs Plans to Offer Ether Options: Report

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In March, the investment bank relaunched its cryptocurrency trading desk after a three-year hiatus.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/goldman-sachs-plans-to-offer-ether-options-report

China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments

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The country is testing the currency in different pilots.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/china-cbdc-wage-pilot

Market Wrap: Bitcoin Flat at $37K as Investors Tangle With Bulls and Bears

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Positive news from El Salvador couldn't completely overcome negative news out of China.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/market-wrap-bitcoin-flat-investors-tangle-bulls-bears

Next-Gen Game Developer Mythical Raises $75M for Playable NFTs

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The funding round will offer external game developers a way to bring NFTs into their fictional worlds.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/next-gen-game-developer-mythical-raises-75m-for-playable-nfts

DAOs, DeFi and Dollars: the Bold New World of Decentralized Entities

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In this week’s episode, we explore how developers and investors are working through the complex process of bridging the human and legal needs of the outside world with these complex, decentralized systems run by blockchains, automated smart contracts, “multisig” tokenized collateral agreements.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/daos-defi-and-dollars-the-new-world

Stake Technologies Raises $10M Ahead of Polkadot and Kusama Auctions

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With auctions to win a place building on the Polkadot blockchain ecosystem beginning soon, projects are coming out with strategies to secure one of the coveted slots.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/stake-technologies-raises-10m-warchest-ahead-of-polkadot-and-kusama-auctions

Market Wrap: Bullish Basel News Causes BTC Jump to Week-High $38K Level; ETH Slips

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Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/market-wrap-basel-btc-jump-eth-slips

Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats

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The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/gold-tokens-take-off-as-inflation-accelerates-bitcoin-retreats

A Big Carbon Footprint Compared to What?

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When blockchain systems reduce human involvement in transactions, the carbon benefits can be substantial, says our columnist.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/carbon-footprint-crypto-paul-brody-bitcoin

Arrington Capital Launches $100M Algorand Ecosystem Fund

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The TechCrunch founder’s second crypto fund will bet on Algorand projects and coins. But don’t think the firm is abandoning XRP.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/arrington-capital-launches-100m-algorand-ecosystem-fund

Hut 8 Mining’s Shares to Be Listed on Nasdaq

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Hut 8 will also retain its listing on the Toronto Stock Exchange.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/hut-8-minings-shares-to-be-listed-on-nasdaq

Ethereum Wallet MEW Enables Eth 2.0 Staking Through Your Phone

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MEW is one of several crypto wallet services actively helping onboard new users to the Ethereum blockchain, which has now amassed a market capitalization of over $272 billion. Kosala Hemachandra, the co-founder and CEO of My Ether Wallet (MEW), talks about MEW’s two-step solution to staking on Ethereum 2.0.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/ethereum-wallet-mew-staking-through-phone

Dapper Labs Unveils Flow-Native Stablecoin, FUSD, With Other ERC-20-Like Tokens to Follow

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The maker of NBA Top Shot is deploying new tools for developers to launch tokens on the Flow blockchain.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/dapper-labs-unveils-flow-native-stablecoin-fusd-with-other-erc-20-like-tokens-to-follow

Bitcoin Peeps Above $38K on Basel News

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The top cryptocurrency hit a high of $38,461 during the European hours, extending Wednesday's double-digit rally.

via Search Results for “ethereum” – CoinDesk https://www.coindesk.com/bitcoin-peeps-above-38k-on-basel-news

Friday 19 February 2021

Bitcoin Brokerage River Financial Raises $17M: SEC Filings

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River Financial's equity sale comes as the high-end brokerage embarks on a major hiring push.

via CoinDesk https://www.coindesk.com/bitcoin-brokerage-river-financial-funding-round

Bitcoin Is Now a Trillion-Dollar Asset: Where Do We Go From Here?

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The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/bitcoin-is-now-a-trillion-dollar-asset-where-do-we-go-from-here

Money Reimagined: Tucker Carlson Is Right About Financial Privacy

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Say what you will about the Fox News host, but he deserves credit for highlighting Bank of America’s transaction snooping, writes Marc Hochstein.

via CoinDesk https://www.coindesk.com/money-reimagined-tucker-carlson-financial-privacy

The Business of Art and How NFTs Will Change It, With Nanne Dekking

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With big brands like Christie’s auction house and the National Basketball Association getting involved and some tokens already selling for six-figure sums, the question isn't if NFTs will force a very old industry to adopt some very new practices, it's when.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/nft-impacts-traditional-art-nanne-dekking

Why Everyone Wants an Invite to Clubhouse Crypto

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The 11-month old audio app is the latest vector for crypto adoption – memes and all. Here's why everyone wants in.

via CoinDesk https://www.coindesk.com/everyone-wants-invite-clubhouse-crypto

Bitcoin Is Worth $1T and OKCoin Delists BCH and BSV

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Bitcoin, now worth more than most U.S. corporations, first reached "dollar parity" 10 years ago.

via CoinDesk https://www.coindesk.com/bitcoin-dollar-okcoin-bsv-and-bch

Austrian Regulator Reports Rise in Crypto Fraud

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The FMA reports two-thirds of the investment fraud reports filed in 2020 were related to cryptocurrency and digital currency trading products.

via CoinDesk https://www.coindesk.com/austrian-regulator-reports-rise-in-crypto-fraud

Bitcoin’s Price Surge Accelerates After Passing Milestone of $1T Market Value

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The price could go higher, unless traders start taking profits.

via CoinDesk https://www.coindesk.com/bitcoin-price-surge-passing-1t-milestone

Bitcoin News Roundup for Feb. 19, 2021

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With the market cap of bitcoin breaking above $1T for the first time plus a look at the emerging asset class known as NFTs, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-for-feb-19-2021

Ethereum Core Developers Eye Mid-April for ‘Berlin’ Hard Fork

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The hard fork will facilitate live swapping Ethereum from a proof-of-work to a proof-of-stake blockchain.

via CoinDesk https://www.coindesk.com/ethereum-core-developers-mid-april-berlin-hard-fork

MicroStrategy Raises $1.05B in Latest Debt-for-Bitcoin Offering

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MicroStrategy's business strategy is to buy as much bitcoin as it possibly can.

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

Bitcoin Market Value Tops $1T as Price Passes $53,697

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A year ago, bitcoin's market value was $178 billion.

via CoinDesk https://www.coindesk.com/bitcoin-1-trillion-market-value

First Mover: Bitcoin Meets ‘Torrent’ as Lowly Binance Coin Gets $40B Valuation

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Cryptocurrency exchange Binance's in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum's ether.

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-meets-torrent-as-lowly-binance-coin-gets-40b-valuation

OKCoin Delists Bitcoin Cash, Bitcoin SV to Avoid ‘Misleading’ New Bitcoin Clients

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It became a choice between protecting Bitcoin’s open-source ethos or championing free-market fundamentals. In the end, community won out.

via CoinDesk https://www.coindesk.com/okcoin-delist-bitcoin-cash-bitcoinsv-misleading-clients

Even Skeptics May Need to Consider Crypto Exposure: WSJ’s Heard on the Street

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Cryptocurrency's viability as an investment may not be in its value as an asset but in the way the financial world is evolving because of it.

via CoinDesk https://www.coindesk.com/even-skeptics-may-need-to-consider-crypto-exposure-wsjs-heard-on-the-street

A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says

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"If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market," the report says.

via CoinDesk https://www.coindesk.com/a-sudden-loss-of-faith-in-tether-would-pose-risk-to-bitcoin-jpmorgan-says

Second Canadian Bitcoin ETF Begins Trading on TSX Today

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This is the second bitcoin ETF approved to trade in Canada.

via CoinDesk https://www.coindesk.com/second-canadian-bitcoin-etf-begins-trading-on-tsx-today

Kiss’ Gene Simmons Buys $300,000 Worth of Cardano

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The Kiss bassist and frontman says he believes in Cardano because of its affordability compared with other cryptocurrencies.

via CoinDesk https://www.coindesk.com/kiss-gene-simmons-buys-300000-worth-of-cardano

Volvo Owner Geely and Concordium in JV to Offer Blockchain Services, Apps in China

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Geely will own 80% of the venture while Concordium will own the rest.

via CoinDesk https://www.coindesk.com/volvo-owner-geely-and-concordium-in-jv-to-offer-blockchain-services-apps-in-china

New Jersey Crime Watchdog Says Crypto ATMs Need More Regulation

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State regulation of crypto ATMs is poor and federal laws aren't much better, the commission said in a report.

via CoinDesk https://www.coindesk.com/bitcoin-atms-new-jersey-fraud

Thursday 18 February 2021

Bitcoin News Roundup for Feb. 18, 2021

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With the both of the top two cryptocurrencies setting new record high prices plus a look at what dogecoin says about our world, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-for-feb-18-2021

What Happens if All Stablecoin Users Have to Be Identified?

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If the U.S. reins in pseudonymity in stablecoin transactions (as seems possible) there could be big implications for the crypto industry, says our columnist.

via CoinDesk https://www.coindesk.com/what-happens-if-all-stablecoin-users-have-to-be-identified

BitPay to Pay $500K to Settle OFAC Sanction Violation Charges

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BitPay is accused of facilitating over 2,100 transactions with individuals in sanctioned nations.

via CoinDesk https://www.coindesk.com/bitpay-to-pay-500k-to-settle-ofac-sanction-violation-charges

Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining

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Nvidia is also launching Cryptocurrency Mining Processors (CMP) specifically for Ethereum miners.

via CoinDesk https://www.coindesk.com/nvidia-gpu-ethereum-mining-gamers

Bill Gates Says He’s ‘Neutral’ on Bitcoin

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Gates has previously criticized cryptocurrencies and said he'd short bitcoin "if there was an easy way to do it."

via CoinDesk https://www.coindesk.com/bill-gates-says-hes-neutral-on-bitcoin

Libra Co-Creator’s VC Firm Co-Leads $12M Round in ‘Decentralized GitHub’

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“Web 3 developers should be building on open protocols,” NFX General Partner Morgan Beller said of Radicle, a platform for crypto-native code collaboration.

via CoinDesk https://www.coindesk.com/radicle-code-collaboration-nfx-galaxy-rad-token-funding-round

First Mover: Who ISN’T Dabbling as Bitcoin Passes $52K, Ether Tops $1,900

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The $8.7 trillion-asset BlackRock is "dabbling" in cryptocurrencies – becoming the norm as bitcoin and ether rally to all-time high prices.

via CoinDesk https://www.coindesk.com/first-mover-dabbling-bitcoin-52k-ether

Bitcoin May Be a Better Investment Than Gold, Says DoubleLine CEO Jeffrey Gundlach

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Gundlach has previously said, "I don't believe in bitcoin."

via CoinDesk https://www.coindesk.com/bitcoin-may-be-a-better-investment-than-gold-says-doubleline-ceo-jeffrey-gundlach

‘Evil VASP’ Simulation Preps Crypto Exchanges for FATF Travel Rule

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Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules.

via CoinDesk https://www.coindesk.com/evil-vasp-simulation-preps-crypto-exchanges-for-fatf-travel-rule

Russia’s Digital Ruble Model to Get Bank-Friendly Redesign

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Banks had feared being drained of liquidity under the original concept for the digital currency.

via CoinDesk https://www.coindesk.com/russias-digital-ruble-model-to-get-bank-friendly-redesign

No, Bitcoin Is Nothing Like the South Sea Bubble

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Those who compare Bitcoin to the great bubbles of the past need to check the historical books. This moment is very different.

via CoinDesk https://www.coindesk.com/no-bitcoin-is-nothing-like-the-south-sea-bubble

Safello Partnership Enables Direct Crypto Purchases From Users’ Bank Accounts

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A new tie-up with payments firm Klarna brings the exchange access to more than 5,000 banks across Europe.

via CoinDesk https://www.coindesk.com/safello-partnership-enables-direct-crypto-purchases-from-users-bank-accounts

How Crypto Transforms Prediction Markets

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Betting can be used to predict the future. That's the crazy idea behind prediction markets. Here's how they work and where cryptocurrency fits into the picture.

via CoinDesk https://www.coindesk.com/how-crypto-transforms-prediction-markets

Kia Motors America Victim of Ransomware Attack Demanding $20M in Bitcoin, Report Claims

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BleepingComputer claims to have evidence that the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm.

via CoinDesk https://www.coindesk.com/kia-motors-america-victim-of-ransomware-attack-demanding-20m-in-bitcoin-report-claims

Switzerland’s ‘Crypto Valley’ Has Started Accepting Bitcoin, Ether for Tax Payments

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Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.

via CoinDesk https://www.coindesk.com/switzerlands-crypto-valley-has-started-accepting-bitcoin-ether-for-tax-payments

Ether Looks Overleveraged as Cryptocurrency Hits New High Over $1,900

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Ether's derivative market looks overheating amid the cryptocurrency's rally to new record highs.

via CoinDesk https://www.coindesk.com/ether-looks-overleveraged-as-cryptocurrency-hits-new-high-over-1900

Top Auction House Christie’s to Accept Ether Cryptocurrency for Digital Art Sale

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The sale gives Christie's a chance to "dip its toes" in crypto, said a New York representative.

via CoinDesk https://www.coindesk.com/top-auction-house-christies-to-accept-ether-cryptocurrency-for-digital-art-sale

Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police

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Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.

via CoinDesk https://www.coindesk.com/malaysian-bitcoin-mining-gang-stole-over-2m-in-electricity-say-police

Chinese Retailer Goes From Bubble Tea to Crypto Mining in Unlikely Pivot

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Urban Tea has hired two new executives ahead of its expansion into cryptocurrency mining.

via CoinDesk https://www.coindesk.com/crypto-mining-tea-china

How Staking and Eth 2.0 Makes the Ethereum Economy More “Sustainable”

https://ift.tt/eA8V8J

In this episode, Christine Kim and Will Foxley discuss with David Hoffman, the co-founder of Bankless, the market implications of a dual Ethereum blockchain and what new realities staking presents to the long-term value proposition of ether.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/staking-eth2-0-economy

Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin

https://ift.tt/eA8V8J

Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts.

via CoinDesk https://www.coindesk.com/robinhood-crypto-withdrawals-deposits

Wednesday 17 February 2021

Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum

https://ift.tt/eA8V8J

SBI's digital assets subsidiary will lead a round that will have raised around $30 million for the Swiss firm over six months.

via CoinDesk https://www.coindesk.com/japans-sbi-investing-eight-figure-sum-in-swiss-crypto-bank-sygnum

US Lawmakers Looking Into China’s Role in GameStop Pump: Report

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Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.

via CoinDesk https://www.coindesk.com/us-lawmakers-looking-into-chinas-role-in-gamestop-pump-report

Bitcoin News Roundup for Feb. 17, 2021

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With BTC surpassing $51K and analysts remaining bullish on the price, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-feb-17-2021

Russia’s Crypto Tax Bill Passes First Reading at State Duma

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The bill proposes to recognize cryptocurrency as property for purposes of taxation.

via CoinDesk https://www.coindesk.com/russia-lower-house-approves-crypto-taxation-bill-in-first-reading

DJ 3LAU to Auction Full Album Tokenized on Ethereum Blockchain

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3LAU is partnering with blockchain platform Origin to launch an auction for the Ultraviolet Vinyl NFT Collection.

via CoinDesk https://www.coindesk.com/dj-3lau-to-auction-full-album-tokenized-on-ethereum-blockchain

Mastercard Launches Prepaid Card for World’s First CBDC in Bahamas

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The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted.

via CoinDesk https://www.coindesk.com/mastercard-launches-prepaid-card-for-worlds-first-cbdc-in-bahamas

Coinbase Hires Former Stripe Exec as Chief Compliance Officer

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Melissa Strait will take charge of Coinbase's compliance initiatives ahead of its planned public listing.

via CoinDesk https://www.coindesk.com/coinbase-chief-compliance-officer-stripe-square

Why the US Needs Bitcoin

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Elon Musk and other VIPs have endorsed it. Here's why the Federal Reserve should seriously consider BTC for its balance sheet.

via CoinDesk https://www.coindesk.com/why-the-us-needs-bitcoin

First Mover: What’s Next After Bitcoin Hits $50K? Another $1K Gain

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Analysts are still mostly bullish on the cryptocurrency's price, even at lofty levels compared with those just a few months ago.

via CoinDesk https://www.coindesk.com/first-mover-what-next-after-bitcoin-price-hits-50k

Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan Says

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The bank's analysts pointed to gold's much lower volatility.

via CoinDesk https://www.coindesk.com/bitcoins-price-volatility-may-hamper-its-progress-above-50k-jpmorgan-says

Crypto Wallet Startup Blockchain.com Raises $120M From Investors Including Google Ventures

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Blockchain.com said the institutional backing will power an increasingly institutional-minded business.

via CoinDesk https://www.coindesk.com/blockchain-com-raises-120-million

Coinbase, Readying for Public Listing, Gets $77B Valuation From Nasdaq Private Market

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Last week’s settlement price of $303 per share would make Coinbase bigger than NYSE-owner ICE.

via CoinDesk https://www.coindesk.com/coinbase-valuation-nasdaq-private-market

Bitwise Launches DeFi Crypto Index Fund

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The fund bets on 10 Ethereum-based protocols angling to shape the future of finance.

via CoinDesk https://www.coindesk.com/bitwise-launches-defi-crypto-index-fund

Central Bank Digital Currencies May Drive Cash ‘Shadow Economy’ to Crypto: Reuters

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"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.

via CoinDesk https://www.coindesk.com/central-bank-digital-currencies-may-drive-cash-shadow-economy-to-crypto-reuters

MicroStrategy Boosts Latest Debt-for-Bitcoin Offering to $900M

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The firm has already bought 70,784 bitcoin, an amount now worth around $3.6 billion.

via CoinDesk https://www.coindesk.com/microstrategy-boosts-latest-debt-for-bitcoin-offering-to-900m

What Is a Flash Loan?

https://ift.tt/eA8V8J

A guide to one of DeFi's most innovative and controversial features.

via CoinDesk https://www.coindesk.com/what-is-a-flash-loan

Valid Points: How CME Ether Futures Work and Why They Matter

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A financially settled and U.S. regulated ether futures product makes all the difference.

via CoinDesk https://www.coindesk.com/valid-points-cme-ether-futures-interact-ethereum-blockchain

Dubai Free Zone Becomes First UAE Government Entity to Accept Bitcoin

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The free zone accepts payments in bitcoin, ether and the tether stablecoin.

via CoinDesk https://www.coindesk.com/dubai-free-zone-becomes-first-uae-government-entity-to-accept-bitcoin

India Plans Twin Taxes on Exchanges and Traders Before Passing Crypto Bill: Report

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A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality.

via CoinDesk https://www.coindesk.com/india-plans-twin-taxes-on-exchanges-and-traders-before-passing-crypto-bill-report

World’s Oldest Central Bank Extends Digital Currency Test Till 2022

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Sweden's Riksbank said it would continue work with Accenture on a potential e-krona digital currency until next year.

via CoinDesk https://www.coindesk.com/sweden-central-bank-digital-krona-extension

Diginex Connects Crypto Exchanges and Electronic Trading Firms With New Platform

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The crypto services firm is connecting high-frequency traders who use electronic trading platforms to crypto exchanges.

via CoinDesk https://www.coindesk.com/diginex-connects-crypto-exchanges-and-electronic-trading-firms-with-new-platform

Head of St Louis Fed Says Bitcoin Not a Challenge to US Dollar’s Global Dominance

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James Bullard also likened bitcoin to gold as a safe-haven asset.

via CoinDesk https://www.coindesk.com/bitcoin-federal-reserve-threat-us-dollar

Bitcoin Hits New High Above $51K, Shrugging Off Rising Bond Yields

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Rising bond yields are a threat to prices of hedge assets, but bitcoin is soaring as gold falls.

via CoinDesk https://www.coindesk.com/bitcoin-hits-new-high-above-51k-shrugging-off-rising-bond-yields

Tuesday 16 February 2021

Kakao to Record Private Securities on Its Own Blockchain as NFTs

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The move will aid South Korea's OTC securities market.

via CoinDesk https://www.coindesk.com/kakao-to-record-private-securities-on-its-own-blockchain-as-nfts

Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum

https://ift.tt/eA8V8J

SBI's digital assets subsidiary will lead a round that will have raised around $30 million for the Swiss firm over six months.

via CoinDesk https://www.coindesk.com/japans-sbi-investing-eight-figure-sum-in-swiss-crypto-bank-sygnum

Tesla’s Bitcoin Buy May Lead to Widespread Corporate Adoption – Eventually: Wedbush

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The firm called the leading cryptocurrency "the start of a new age on the digital currency front."

via CoinDesk https://www.coindesk.com/teslas-bitcoin-buy-may-lead-to-widespread-corporate-adoption-eventually-wedbush

Digital Asset Manager Grayscale Expands Leadership Team With Trio of C-Suite Hires

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The digital currency asset manager's new executives bring with them experience at firms such as Goldman Sachs, Bank of America and Ripple Labs.

via CoinDesk https://www.coindesk.com/digital-asset-manager-grayscale-expands-leadership-team-with-trio-of-c-suite-hires

Bitcoin News Roundup for Feb. 16, 2021

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With BTC briefly breaching $50K as the industry's market cap passes $1.5T, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-feb-16-2021

State of Crypto: Will 2021 Finally Be the Year of the Bitcoin ETF?

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The market has matured since 2018, when bitcoin ETF applications last hit a peak. It's unclear whether that's enough to see one approved.

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

Cloudflare Teams With Unstoppable Domains to Bring .Crypto Addresses to Web Browsers

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The new integration means web users can directly access decentralized websites form any browser.

via CoinDesk https://www.coindesk.com/unstoppable-domains-cloudflare-dns-blockchain-addresses

Canaan Opens Above $15 After 20% Premarket Surge, New Bitcoin Price Record

https://ift.tt/eA8V8J

Canaan shares have gained 230% so far in February.

via CoinDesk https://www.coindesk.com/canaan-shares-soar-premarket-record-price

NYDIG Files for Bitcoin ETF, Adding to Firms Hoping 2021 Is When SEC Finally Says ‘Yes’

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The filing comes on the same day as bitcoin hit $50,000 for the first time ever.

via CoinDesk https://www.coindesk.com/nydig-files-for-bitcoin-etf-adding-to-firms-hoping-2021-is-when-sec-finally-says-yes

Diem Stablecoin Prepares for Liftoff With Fireblocks Custody Partnership

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The rebranded Libra network aims to come out with an initial product around the end of this quarter, with help from Fireblocks and First Digital Assets.

via CoinDesk https://www.coindesk.com/diem-stablecoin-prepares-for-liftoff-with-fireblocks-custody-partnership

Osprey Fund’s Bitcoin Trust Is Now Available to Retail Investors via OTC

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The fund is structured similarly to the Grayscale Bitcoin Trust, but aims to compete with lower fees.

via CoinDesk https://www.coindesk.com/osprey-funds-bitcoin-trust-is-now-available-to-retail-investors-via-otc

DeFi Insurer Nexus Mutual Raises $2.7M in NXM Token Sale

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The firm aims to sell over $1 billion worth of cover in 2021 spread across at least 30 protocols.

via CoinDesk https://www.coindesk.com/defi-insurer-nexus-mutual-nxm-token-sale-collider

First Mover: Bitcoin Tops $50K and Crypto’s Nouveau Riche Move In

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Break of psychological threshold pushes largest cryptocurrency's year-to-date return to 70%, as a new breed of upstart tokens pushes industry market cap past $1.5T.

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-50k-nouveau-riche

What Really Happened When Robinhood Suspended GameStop Trading

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The byzantine world of the public U.S. securities market killed the GameStop pump (sort of).

via CoinDesk https://www.coindesk.com/what-really-happened-when-robinhood-suspended-gamestop-trading

Chinese Lottery Firm 500.com Acquires Crypto Mining Pool BTC.com

https://ift.tt/eA8V8J

BTC.com is currently owned by Bitdeer Technologies and former Bitmain CEO Jihan Wu.

via CoinDesk https://www.coindesk.com/chinese-lottery-firm-500-com-acquires-crypto-mining-pool-btc-com

MicroStrategy Files to Offer $600M in Notes in Order to Buy Yet More Bitcoin

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MicroStrategy said it intends to offer $600 million aggregate principal amount of convertible senior notes due 2027. This story is developing and will be updated.

via CoinDesk https://www.coindesk.com/microstrategy-files-to-offer-600m-in-notes-in-order-to-buy-yet-more-bitcoin

ING Bank-Backed Crypto Trade Platform Pyctor Is Raising Money

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The digital assets post-trade collaboration also involves Citi, State Street, UBS and others.

via CoinDesk https://www.coindesk.com/ing-bank-backed-crypto-trade-platform-pyctor-is-raising-money

Bitcoin Sets Fresh Record Above $50K Pushing Yearly Gains to 69%

https://ift.tt/eA8V8J

The cryptocurrency's latest pop pushes 2021 gains to 69%.

via CoinDesk https://www.coindesk.com/bitcoin-price-record-high

Russia’s Lower House to Consider Bill on Crypto Taxation This Week

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If passed the bill would amend tax laws to recognize digital currencies as a form of property.

via CoinDesk https://www.coindesk.com/russias-lower-house-to-consider-bill-on-crypto-taxation-this-week

Celsius Network, Argo Blockchain Back Pre-Seed Round for Bitcoin Mining Startup

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Luxor Technologies will use the funds to expand its hashrate and hire more engineers.

via CoinDesk https://www.coindesk.com/luxor-technologies-pre-seed-funding-argo-blockchain

Russian Mobile Operators Eye Payments Services, Wallets for Digital Ruble

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Some telcos are looking at developing a digital wallet that would link the digital currency to users' mobile phone numbers.

via CoinDesk https://www.coindesk.com/russian-mobile-operators-eye-payments-services-wallets-for-digital-ruble

‘Long Tech’ Retakes Most-Crowded Trade Crown from Bitcoin: Bank of America Survey

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Bitcoin had been most-crowded trade in January as prices rose to a $40,000 record.

via CoinDesk https://www.coindesk.com/long-tech-retakes-most-crowded-trade-crown-from-bitcoin-bank-of-america-survey

Ripple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities Fraud

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The SEC's case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase.

via CoinDesk https://www.coindesk.com/ripple-sec-say-settlement-unlikely-before-trial-over-alleged-securities-fraud

Bitcoin Recovers From Dip to Set New Record High Close to $50K

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Analysts say more spot buying is needed to bring bitcoin over the $50,000 mark.

via CoinDesk https://www.coindesk.com/bitcoin-recovers-from-dip-to-set-new-record-high-close-to-50k

Monday 15 February 2021

Pornhub Payment Option Verge Suffers Massive Blockchain Reorganization

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Verge has been hit by a massive 560,000-block reorganization.

via CoinDesk https://www.coindesk.com/pornhub-payment-verge-blockchain-reorganization-attack

Market Wrap: Crypto Market Cap Breaks $1.5T as Buyers Show Up for the Dip

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Buyers showed up quickly to reverse the crypto market dip through Monday.

via CoinDesk https://www.coindesk.com/market-wrap-crypto-dips-traders-buy-bitcoin-ether

The Mainstream Media Narrative Shifts as Deutsche Bank and Morgan Stanley Come to Bitcoin

https://ift.tt/eA8V8J

As another wave of major financial institutions announce bitcoin plans, it’s getting harder for the MSM to simply print the same old FUD.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/bitcoin-mainstream-media-narrative-shift

Bitcoin Mining: Wasted Energy or a Better, Greener System?

https://ift.tt/eA8V8J

Harry Sudock, VP of strategy at GRIID Infrastructure joins the show to discuss the modern energy landscape, how far we've come and where bitcoin mining can fit into a sustainable energy system.

via CoinDesk https://www.coindesk.com/podcasts/on-purpose-with-tyrone-ross/bitcoin-mining-harry-sudock

Australia’s Blockchain Ecosystem Needs More Support From Regulators, Says Industry Body

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Blockchain Australia CEO Steve Vallas believes the country is "well placed" when it comes to blockchain, but a bigger conversation is needed with financial regulators.

via CoinDesk https://www.coindesk.com/australia-blockchain-financial-regulators-select-committee

UK Crypto Exchange EXMO Offline Amid DDoS Attack

https://ift.tt/eA8V8J

The exchange said it's working to bring services back online following the attack.

via CoinDesk https://www.coindesk.com/uk-crypto-exchange-exmo-offline-amid-ddos-attack

Institutions Not Worried About Bitcoin Dropping Below $40K, Options Data Shows

https://ift.tt/eA8V8J

Lack of hedging demand for long-term put options shows institutions remain unconcerned by Monday's price drop.

via CoinDesk https://www.coindesk.com/institutions-bitcoin-drop-below-40k-options-data

New Emerging Markets Fund Targets Blockchain, DeFi Startups

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The Arcanum Emerging Technologies Fund will start in India, but its founders plan to expand to other regions.

via CoinDesk https://www.coindesk.com/new-emerging-markets-fund-targets-blockchain-defi-startups

Bitcoin Miners Posted $354M in Revenue Last Week, Breaking Record From 2017

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Last week's mining revenue eclipsed the previous record set in mid December 2017.

via CoinDesk https://www.coindesk.com/bitcoin-mining-record-weekly-revenue-price

Thailand’s Securities Regulator Eyes Qualifications for New Crypto Investors

https://ift.tt/eA8V8J

The regulator believes new cryptocurrency investors should have a certain level of trading experience and financial reserves.

via CoinDesk https://www.coindesk.com/thailand-sec-regulator-public-hearing-crypto-qualification-investment

Reddit, Robinhood, Citadel CEOs to Testify at GameStop Hearing

https://ift.tt/eA8V8J

The U.S. House Committee on Financial Services hearing will investigate issues around the recent trading surge for shares of GameStop and other companies.

via CoinDesk https://www.coindesk.com/reddit-robinhood-citadel-ceos-to-testify-at-gamestop-hearing

3 Reasons Why Bitcoin’s Price Just Fell by $3K

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The sudden pullback just short of a new $50,000 high surprised many investors. Here's what probably happened.

via CoinDesk https://www.coindesk.com/3-reasons-why-bitcoins-price-just-fell-by-3k

Industry Group Says Hong Kong’s Proposed Crypto Rules Could Drive Traders Underground

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Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance.

via CoinDesk https://www.coindesk.com/industry-group-says-hong-kongs-proposed-crypto-rules-could-drive-traders-underground

Japan’s SBI in Talks Over Joint Venture to Make Crypto a Core Revenue Source

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SBI's founder and CEO Yoshitaka Kitao said his firm would turn the planned crypto venture into a core source of profitability.

via CoinDesk https://www.coindesk.com/sbi-financial-firms-joint-cryptocurrency-venture-acquisitions

Happy Bull’s Year, North Korean Hackers!

https://ift.tt/eA8V8J

In this episode, Anna Baydakova and Danny Nelson discuss North Korea reportedly stealing your crypto to create nuclear weapons, Tesla rattling markets at an opportune time and Nigeria trying to ban crypto.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/north-korea-hackers-crypto-tesla

Sunday 14 February 2021

Crypto Long & Short: What Does Dogecoin Have to Do With Government Bans?

https://ift.tt/eA8V8J

The combined forces of passionate communities with potent tools, and the deepening involvement of institutions, make successful bans less likely.

via CoinDesk https://www.coindesk.com/dogecoin-regulation-government-ban

Avalanche Brought Down by Bug Triggered by Unusually High Volume, Engineer Says

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The blockchain, which had been touted for its ability to handle a high volume of transactions, was brought down by an unusually high number of transactions.

via CoinDesk https://www.coindesk.com/avalanche-brought-down-by-bug-triggered-by-unusually-high-volume-engineer-says

Coinbase Ventures, Paradigm Invest $12M in Synthetix DeFi Platform

https://ift.tt/eA8V8J

Three prominent venture capitalist firms bought tokens directly from the DAO's treasury.

via CoinDesk https://www.coindesk.com/coinbase-ventures-paradigm-synthetix-defi

Why Comparing Bitcoin to Visa Doesn’t Make Any Sense

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A reading of Nic Carter’s latest essay for CoinDesk on the inappropriateness of comparing the energy consumption of bitcoin and Visa transactions.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/comparing-bitcoin-visa-nic-carter

Bitcoin Sets New All-Time High of $49.7K, Putting $50K Within Striking Distance

https://ift.tt/eA8V8J

The record comes as traders analysts have described institutional investors’ interest in bitcoin as growing “at a staggering pace.”

via CoinDesk https://www.coindesk.com/bitcoin-sets-new-all-time-high-of-49-7k-putting-50k-within-striking-distance

Saturday 13 February 2021

NBA Top Shot, CryptoKitties Firm Dapper Labs Raising $250M+ at $2B Valuation: Report

https://ift.tt/eA8V8J

The firm has generated almost $100 million in NFT sales, according to the report.

via CoinDesk https://www.coindesk.com/nba-top-shot-cryptokitties-firm-dapper-labs-raising-250m-at-2b-valuation-report

Morgan Stanley Unit Considers Bitcoin Investment: Bloomberg

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Morgan Stanley already has a nearly 11% stake in the bitcoin-laden business intelligence company MicroStrategy.

via CoinDesk https://www.coindesk.com/morgan-stanley-unit-considers-bitcoin-investment-bloomberg

Morgan Stanley Unit Considers $150 Billion Bitcoin Investment: Bloomberg

https://ift.tt/eA8V8J

Morgan Stanley already has a nearly 11% stake in the bitcoin-laden business intelligence company MicroStrategy.

via CoinDesk https://www.coindesk.com/morgan-stanley-unit-considers-150-billion-bitcoin-investment-bloomberg

Corporate Crypto Makes Government Bans Less Likely

https://ift.tt/eA8V8J

A recap of a swath of news about corporate players coming into the crypto space, and why it could change the landscape of regulation.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/corporate-crypto-government-bans

DeFi Protocols Cream Finance, Alpha Exploited, $37.5M Lost: ‘Prime Suspect’ ID’d

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Alpha Finance says the "loophole" has been patched.

via CoinDesk https://www.coindesk.com/defi-protocols-cream-finance-alpha-lose-37-5m-in-exploit-prime-suspect-idd

ConsenSys Grants Help Iranian Women Learn Solidity

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The Ethereum incubator's instructional program offers scholarships to help developers get started with coding in Solidity.

via CoinDesk https://www.coindesk.com/iranian-women-learn-solidity-with-grants-from-consensys

Friday 12 February 2021

Deutsche Bank Quietly Plans to Offer Crypto Custody, Prime Brokerage

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The bank’s game plan was hidden in plain sight in a widely overlooked report by the World Economic Forum.

via CoinDesk https://www.coindesk.com/deutsche-bank-crypto-custody-prime-brokerage

5 Takeaways From Chia Network’s New White Paper

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Chia wants to make at-home mining cool again (or at least easy).

via CoinDesk https://www.coindesk.com/5-takeaways-from-chia-networks-new-white-paper

Money Reimagined: Musk Masters the Attention Economy

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Bitcoin's recent surge shows the power of celebrity and how, like it or not, influencers create value in the modern economy.

via CoinDesk https://www.coindesk.com/money-reimagined-musk-bitcoin-attention-economy

Blockchain Bites: Canada Approves Bitcoin ETF, Options Markets Not Pricing for $100K BTC

https://ift.tt/eA8V8J

Also: Did the CFTC "pop" the 2017 bitcoin bubble?

via CoinDesk https://www.coindesk.com/bitcoin-etf-options-cftc-giancarlo

Crypto Payments Provider BitPay Adds Apple Pay Support

https://ift.tt/eA8V8J

Apple Pay functionality will allow cardholders to make purchases in store and online using the crypto held in their BitPay wallet.

via CoinDesk https://www.coindesk.com/crypto-payments-provider-bitpay-adds-apple-pay-support

Bitcoin News Roundup for Feb. 12, 2021

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With bitcoin slipping after hitting a new all-time high around $49K and Canadian regulators approving a bitcoin ETF, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-feb-12-2021

BlockFi Boosted Grayscale Bitcoin Trust Holdings by 11.9M Shares, Now Holds $1.7B GBTC

https://ift.tt/eA8V8J

The disclosure comes as BlockFi prepares to launch a competitor bitcoin trust product.

via CoinDesk https://www.coindesk.com/blockfi-owns-grayscale-bitcoin

Ex-CFTC Chair Christopher Giancarlo Stumps for Digital Dollar

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"Crypto Dad" made his case for the next evolution of America's greenback.

via CoinDesk https://www.coindesk.com/christopher-giancarlo-stumps-for-digital-dollar

In the Age of Ethereum, What Comes Next?

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DeFi. NFTs. Stablecoins. Smart contracts. Ethereum is home to some of the biggest innovations in crypto. Community insider Danny Ryan joins us to discuss the network's big future.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/ethereum-what-comes-next-danny-ryan

Former Bitcoin Developer Mike Hearn Steps Down From Enterprise Blockchain Firm R3

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Hearn will become CEO of a new firm while remaining a technical adviser to R3.

via CoinDesk https://www.coindesk.com/former-bitcoin-developer-mike-hearn-steps-down-from-enterprise-blockchain-firm-r3

First Mover: A Bullish ($1 Million) Bitcoin Forecast as Year of Ox Begins

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ByteTree's Charlie Morris shows how bitcoin's price gets to $1 million by 2032. PLUS: JPMorgan hounded by own traders over absence in bitcoin market.

via CoinDesk https://www.coindesk.com/first-mover-1-million-bitcoin-year-of-the-ox

Darknet’s JokerStash Retiring After Making Over $1B Through Illicit Transactions

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Crypto sleuthing firm Elliptic says one of the world's most prolific cybercriminals is going out on its own terms.

via CoinDesk https://www.coindesk.com/darknets-jokerstash-retiring-after-making-over-1b-through-illicit-transactions

Bitcoin Starting to Lead FX Markets, Analysis of Tesla Reaction Shows: Report

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EUR/USD, the most liquid currency pair globally, tracked bitcoin higher following the Tesla news.

via CoinDesk https://www.coindesk.com/bitcoin-starting-to-lead-fx-markets-analysis-of-tesla-reaction-shows-report

Wall Street Embrace of Crypto Grows Closer as Employees Argue on Its Behalf: CNBC

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On a Zoom call with traders in January, co-President Daniel Pinto suggested he was open-minded about bitcoin.

via CoinDesk https://www.coindesk.com/wall-street-embrace-of-crypto-grows-closer-as-employees-argue-on-its-behalf-cnbc

Miami Commissioners Reject Mayor’s Push to OK Crypto Use, Vote to Study It First: Report

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The city will seek a vendor to help City Hall pay all or part of its employees' salaries in bitcoin. Residents would also have the option of using cryptocurrency to pay for city services.

via CoinDesk https://www.coindesk.com/miami-commissioners-reject-mayors-push-to-ok-crypto-use-vote-to-study-it-first-report

Nigeria’s SEC Puts Plans to Regulate Crypto on Hold in Light of Central Bank Ban

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Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold.

via CoinDesk https://www.coindesk.com/nigerias-sec-puts-plans-to-regulate-crypto-on-hold-in-light-of-central-bank-ban

T-Mobile Sued Over SIM Attack That Resulted in Loss of $450K in Bitcoin

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The plaintiff lost 15 bitcoin after an interaction with a T-mobile customer who had been victim of a SIM-swapping attack.

via CoinDesk https://www.coindesk.com/t-mobile-sued-over-sim-attack-that-resulted-in-loss-of-450k-in-bitcoin

Grayscale Files to Register Trust for DeFi Platform Yearn Finance

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Grayscale Investments, the world’s largest digital asset manager, has filed to register a new cryptocurrency trust for Yearn Finance (YFI).

via CoinDesk https://www.coindesk.com/grayscale-files-to-register-trust-for-defi-platform-yearn-finance

Bitcoin Miners Earn Record Hourly Revenue of $4 Million

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Bitcoin miners earn windfall income amid the price rally.

via CoinDesk https://www.coindesk.com/bitcoin-miners-earn-record-hourly-income-of-4-million

Jack Dorsey, Jay-Z Put 500 Bitcoin Into Trust Supporting Africa and India

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"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.

via CoinDesk https://www.coindesk.com/jack-dorsey-jay-z-put-500-bitcoin-into-trust-supporting-africa-and-india

Fetch.ai to Develop Decentralized Marketplace for Global Manufacturer FESTO

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Fetch.ai's technology stack will be leveraged to "transform" FESTO's existing legacy control systems.

via CoinDesk https://www.coindesk.com/fetch-ai-festo-blockchain-automation

Thursday 11 February 2021

India Grants Crypto Holders Reprieve Ahead of Likely Ban: Report

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The window of opportunity for investors to cash out to fiat is expected to be between three-to-six months.

via CoinDesk https://www.coindesk.com/crypto-india-ban-transitionary-period

Blockchain Mortgage Platform Figure Launches SPAC to Raise $250M

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Figure seeks to raise $250 million through the special purpose acquisition company, according to a regulatory filing on Thursday night.

via CoinDesk https://www.coindesk.com/blockchain-mortgage-platform-figure-launches-spac-to-raise-250m

First North American Bitcoin ETF Approved by Canadian Securities Regulator

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The Ontario Securities Commission gave its blessing Thursday.

via CoinDesk https://www.coindesk.com/first-north-american-bitcoin-etf-approved-by-canadian-securities-regulator

Nigeria’s Senate Summons Central Bank Chief to Explain Crypto Ban

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The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.

via CoinDesk https://www.coindesk.com/nigerias-senate-summons-central-bank-chief-to-explain-crypto-ban

Bitcoin News Roundup for Feb. 11, 2021

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With BTC setting a new record above $48K and Mastercard implementing crypto payments, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-feb-11-2021

Reflexer Labs Raises $4M to Build Out ETH-Backed Stable Asset, RAI

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Pantera and Lemniscap co-lead a bet on stability in DeFi without the U.S. dollar.

via CoinDesk https://www.coindesk.com/reflexer-labs-raises-4-4m-to-build-out-eth-backed-stable-asset-rai

Avalanche Developers Rush Client Patch as ‘Bug’ Slows Blockchain Transactions

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A "cross-chain finality" bug has forced the network into "self-healing mode."

via CoinDesk https://www.coindesk.com/avalanche-developers-rush-client-patch-as-bug-slows-avalanche-transactions

Alabama Man Charged Over SIM Swap Hacks That Stole $150K in Crypto

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Joseph Chase Oaks allegedly used SIM-swap hacks to access victim's online accounts between August 2018 and October 2019.

via CoinDesk https://www.coindesk.com/alabama-man-charged-over-sim-swap-hacks-that-stole-150k-in-crypto

SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP

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Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.

via CoinDesk https://www.coindesk.com/peirce-sec-coindesk-tv

Bitso Buys Gibraltar-Based Crypto Derivatives Platform Quedex

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Mexico City-based Bitso plans to incorporate Quedex’s high-performance trading engine across the exchange.

via CoinDesk https://www.coindesk.com/bitso-buys-gibraltar-based-crypto-derivatives-platform-quedex

CME Ethereum Futures, Explained

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Ethereum futures are now live on the CME exchange. But what does that mean exactly and how do you trade them?

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

First Mover: Bitcoin at Center Stage (and Record High) as Mastercard, BNY Go Crypto

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Bitcoin's price hits new all-time high over $48,000 despite U.S. Treasury Secretary Janet Yellen's warning that cryptocurrencies are prone to illicit uses..

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-center-stage-record-high-mastercard-bny

New Kraken Venture Fund to Target Early-Stage Crypto, Tech Startups

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Kraken Ventures will operate autonomously, with financial backing from the exchange.

via CoinDesk https://www.coindesk.com/new-kraken-venture-fund-to-target-early-stage-crypto-tech-startups

Uber CEO Says Company to Consider Crypto for Rides, Not Its Balance Sheet

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The rideshare company will look into cryptocurrencies including bitcoin as a potential form of payment.

via CoinDesk https://www.coindesk.com/uber-crypto-payments

Former HSBC Exec and Blockchain Expert Diana Biggs Joins Valour as CEO

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Biggs is an associate fellow at the University of Oxford's Saïd Business School, guest lecturing on blockchain technology and digital assets.

via CoinDesk https://www.coindesk.com/former-hsbc-exec-and-blockchain-expert-diana-biggs-joins-valour-as-ceo

Bitcoin Hits New All-Time High as BNY Mellon Announces Crypto Custody

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"Bitcoin is loving the BNY Mellon news. It's a very big deal," trader and analyst Alex Kruger tweeted.

via CoinDesk https://www.coindesk.com/bitcoin-hits-new-all-time-high-as-bny-mellon-announces-crypto-custody

Social Token App Fyooz Offers Chance to Play Beer Pong With Rap Artist Post Malone

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The Celebrity World Pong League NFT will bring recipients the chance to play beer pong against Malone.

via CoinDesk https://www.coindesk.com/social-token-app-fyooz-offers-chance-to-play-beer-pong-with-rap-artist-post-malone

Bitcoin Options Market Sees Low Odds of Sky-High Rally in 2021

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Bitcoin's options market sees only a 12% probability of prices rising above $100,000 by the end of December.

via CoinDesk https://www.coindesk.com/bitcoin-options-market-places-low-odds-of-sky-high-rally-in-2021

Enterprise Blockchain Firm R3 Launches Confidential Business Computing Platform

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Conclave is compatible with R3’s blockchain platform Corda Enterprise and will be fully integrated going forward.

via CoinDesk https://www.coindesk.com/enterprise-blockchain-firm-r3-launches-confidential-business-computing-platform

BNY Mellon Announces Crypto Custody and Spies Integrated Services

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The world’s biggest custodian bank beats rivals JPMorgan and Citi to the punch.

via CoinDesk https://www.coindesk.com/bny-mellon-announces-crypto-custody-and-spies-integrated-services

Iowa Introduces Bill to Level Playing Field for Blockchain and Smart Contracts

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The bill was introduced by Republican State Senator Mark Lofgren to bring blockchain tech on par with traditional contracts and recordkeeping.

via CoinDesk https://www.coindesk.com/iowa-introduces-bill-to-level-playing-field-for-blockchain-and-smart-contracts

Crypto Mining Farm Spotted Using High-End Gaming Laptops: Report

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Images have surfaced on Twitter reportedly showing a crypto-mining operation using laptops fitted with high-end Nvidia RTX 30-series graphics cards.

via CoinDesk https://www.coindesk.com/nvidia-cryptocurrency-mining-china-laptops-gaming

Eth 2.0 Development: Next Steps to Upgrade and Diversify

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Christine Kim and Will Foxley discuss with Ethereum Foundation researcher Danny Ryan the roll-out of the Ethereum 2.0 development roadmap, starting with the launch of phase 0 and the Beacon Chain.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/eth-2-0-development-roadmap

Microsoft and Enjin Bring Cross-Platform Custom NFTs to Minecraft

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To celebrate the International Day of Women and Girls in Science, players earn badges while learning from prominent female scientists.

via CoinDesk https://www.coindesk.com/minecraft-enjin-microsoft-nfts

Wednesday 10 February 2021

SEC Should Monitor Tesla’s Elon Musk for Market Manipulation: Roubini

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The NYU economist also warned bitcoin could "collapse" if Tether and Bitfinex are indicted this year.

via CoinDesk https://www.coindesk.com/sec-elon-musk-bitcoin-roubini

Crypto Use in Terrorism ‘a Growing Problem,’ Yellen Says

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"I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism," Yellen said.

via CoinDesk https://www.coindesk.com/crypto-use-in-terrorism-a-growing-problem-yellen-says

Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico

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Job postings describe a walled garden-type digital currency that could roll out in emerging economies.

via CoinDesk https://www.coindesk.com/amazon-digital-currency-mexico

‘Market Battleship’: Why It’s Rigged and How DeFi Can Help

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Individual investors, even when operating in a swarm, are destined to lose. How do I know? I helped design the game.

via CoinDesk https://www.coindesk.com/market-battleship-why-its-rigged-and-how-defi-can-help

More People HODLing Bitcoin Hurts Case for Buying, Selling With It, Says Morgan Stanley

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Addresses holding amounts of bitcoin worth more than $1 million are on the rise.

via CoinDesk https://www.coindesk.com/more-people-hodling-bitcoin-hurts-case-for-buying-selling-with-it-says-morgan-stanley

Blockchain Bites: The US vs. Bitcoin?

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A CNBC contributor said the U.S. government wouldn't stomach losing the dollar's supremacy to bitcoin. Others say "the ship has sailed" on an outright ban.

via CoinDesk https://www.coindesk.com/blockchain-bites-the-us-vs-bitcoin

Bitcoin Developer Fund Brink Secures Tax-Exempt Status

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U.S. bitcoiners can now make tax-exempt donations to fund Bitcoin development.

via CoinDesk https://www.coindesk.com/bitcoin-developers-donations-brink-claim-tax-break

This Virginia-Based Bank Is Letting Customers Buy Bitcoin at the ATM

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Charlottesville’s Blue Ridge Bank is letting cardholders purchase and redeem bitcoin at 19 ATMs.

via CoinDesk https://www.coindesk.com/this-virginia-based-bank-is-letting-customers-buy-bitcoin-at-the-atm

Bitcoin News Roundup for Feb. 10, 2021

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With the top two cryptos down on the day and a bitcoin supply squeeze seemingly in the cards, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-for-feb-10-2021

Winklevoss Twins, DJ Alesso Back Crypto Collectible Artworks up for Charity Auction

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Ethernity will auction digital artworks represented by non-fungible tokens and created by artists from across the globe.

via CoinDesk https://www.coindesk.com/art-ethereum-nfts-celebrities

First Mover: As Wall Street Fixates on Inflation Hedges, Good Luck Finding Bitcoin

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A wave of new bitcoin buyers is arriving just as easily-obtained supplies of the cryptocurrency fall to their lowest levels in more than three years. 

via CoinDesk https://www.coindesk.com/first-mover-good-luck-finding-bitcoin

Twitter Considering Bitcoin Options, Including on Balance Sheet, Exec Says

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Chief financial officer Ned Segal said the firm has been watching other companies to see what it can learn.

via CoinDesk https://www.coindesk.com/twitter-considering-bitcoin-options-including-on-balance-sheet-exec-says

Rhode Island Lawmakers Hope to Boost State Economy With Blockchain-Friendly Legislation

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A newly introduced blockchain bill aims to provide a "welcoming" environment for fintech companies in a bid to stimulate growth and jobs.

via CoinDesk https://www.coindesk.com/rhode-island-lawmakers-hope-to-boost-state-economy-with-blockchain-friendly-legislation

Valid Points: Eth 2.0 Validators Earn Record $1.2M as ETH Price Rallies

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Ethereum 2.0 validators earned their highest daily total income ever on Feb. 8, at $1.2 million.

via CoinDesk https://www.coindesk.com/valid-points-ethereum-2-0-validators-earn-record-1-2m-price-rallies

The Grayscale Bitcoin Trust: What It Is and How It Works

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The Grayscale Bitcoin Trust is a traditional financial product that allows institutional investors to gain exposure to bitcoin.

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

How Traditional Exchanges Are Boosting Crypto Adoption

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With ETPs, indices and derivatives, exchanges have started meeting demand for regulated crypto products, explains Kaiko's head of research.

via CoinDesk https://www.coindesk.com/traditional-exchanges-boosting-crypto

Payments Startup Celo Raises $20M From a16z, Electric Capital

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Celo offers a blockchain payments platform using customers' cellphone numbers to secure their public keys.

via CoinDesk https://www.coindesk.com/celo-a16z-ethereum-funding

Litecoin Hits 3-Year High as Prices Surge Across Altcoin Markets

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Alternative cryptocurrencies are surging as bitcoin consolidates after its recent record-breaking rally.

via CoinDesk https://www.coindesk.com/litecoin-hits-3-year-high-as-prices-surge-across-altcoin-markets

10 Arrested Over SIM-Swap Hacks That Stole $100M in Crypto From Celebrities: Europol

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The alleged international criminal network targeted online influencers, sports stars, musicians and their families in the U.S.

via CoinDesk https://www.coindesk.com/10-arrested-over-sim-swap-hacks-that-stole-100m-in-crypto-from-celebrities-europol

Elon Musk Bites Back at Freewallet After Dogecoin Tweet

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The Tesla CEO said crypto users should avoid wallets that do not give them access to their private keys

via CoinDesk https://www.coindesk.com/elon-musk-bites-back-at-freewallet-after-dogecoin-tweet

Mystery Entity Just Set up 20K Bitcoin Miners in Siberia: Report

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A shipment of devices said to be worth up to $60 million was set up in the city of Bratsk and set to mining bitcoin.

via CoinDesk https://www.coindesk.com/mystery-entity-just-set-up-20k-bitcoin-miners-in-siberia-report

Tesla’s Bitcoin Buy May Not Trigger Wave of Corporate Demand, Says JPMorgan

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Bitcoin's price volatility may put corporates off from emulating Tesla's decision to invest in the cryptocurrency.

via CoinDesk https://www.coindesk.com/teslas-bitcoin-buy-may-not-trigger-wave-of-corporate-demand-says-jpmorgan

Chainlink Supporter Deutsche Telekom Has Quietly Started Staking on Blockchains

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Never mind bitcoin on the balance sheet, a subsidiary of Europe’s biggest telco is taking a stake in DeFi.

via CoinDesk https://www.coindesk.com/chainlink-deutsche-telekom-staking-blockchains-flow

Argo Blockchain Plans New Bitcoin Mining Facility in Texas

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Argo said the new Texas facility will have access to up to 800 megawatts of cheap, renewable energy.

via CoinDesk https://www.coindesk.com/argo-blockchain-plans-new-bitcoin-mining-facility-in-texas

IBM, Top Australian Banks Execute Country’s First Blockchain Bank Guarantee

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By digitizing the normally paper process, the Lygos joint venture says it's shown it can speed up bank guarantee issuances.

via CoinDesk https://www.coindesk.com/blockchain-guarantees-lygon-ibm-banks-australia

Tuesday 9 February 2021

EY, Quadriga Law Firm Warn of ‘Imitation’ Site

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The imitation site is not authorized by EY and affected users have been advised to avoid at all costs.

via CoinDesk https://www.coindesk.com/ey-miller-thomson-quadriga-scam-website

Bitcoin Miner Riot Blockchain Names Jason Les CEO

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Les has served as the board's director since 2017.

via CoinDesk https://www.coindesk.com/riot-blockchain-jason-les-new-ceo