Last week, Minneapolis police officers killed a 46-year-old black man accused of buying cigarettes with a counterfeit $20 bill. Ongoing protests have erupted across the country, condemning police brutality and systemic racism. Part of this conversation – taking place on the streets, over the airwaves and in people’s homes – […]
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A crypto trader is trying to seize nearly 500 bitcoin from Xapo and Indodax through a new lawsuit that accuses the two crypto exchanges of harboring his stolen funds. Plaintiff Dennis Nowak, a German resident, and his counsel, longtime crypto lawyer David Silver, filed their demand for jury trial Monday […]
Decentralized finance (DeFi) could soon boast a real-world use case. MakerDAO, the organization behind the dollar-pegged stablecoin known as DAI, is in the process of voting on whether to further diversify the collateral it accepts for loans beyond cryptocurrency and tokens to include real-world assets (RWAs). Specifically, Maker would also […]
Bitcoin underwent a protocol update to make the network more resilient to state attacks, while researchers separately found Ethereum may be losing its anonymity. Elsewhere, “Crypto Mom” Hester Pierce has been tapped for a second term at the SEC, and an ex-Yang advisor is making crypto a cornerstone to his […]
With US President Donald Trump clashing with social media behemoth Twitter, what does the fight over ‘Section 230’ really mean and can decentralization offer a better solution? U.S. President Donald Trump signed an executive order last Thursday, seeking to amend Section 230 of the Communications Decency Act. Section 230 prevents […]
Staff at Bitmain now have a decision to make: whether to return to the office and which executive they choose to take orders from. Micree Zhan Ketuan, the Bitmain co-founder who was ousted in a coup by his rival Wu Jihan last October, sent out a letter addressed to Bitmain […]
Three of Japan’s largest banks are among major players joining a study group looking at developing a digital payment system that may address concerns about cryptocurrencies. Mitsubishi UFJ Financial Group (MUFG), Mizuho Financial Group, and Sumitomo Mitsui Financial Group – institutions that control more than $6.6 trillion in assets between […]
Bloomberg analysts are the latest to jump on the bandwagon of experts expecting bitcoin to revisit its record high in 2020. The bold prediction is largely based on the fact that price action seen over the last 2.5-years looks similar to the patterns over the 2.5-years following the leading cryptocurrency’s […]
For would-be U.S. lawmaker Jonathan Herzog, financial exclusion isn’t just a talking point, it’s lived experience. When launching his congressional run, he said, Herzog went to Bank of America and Citibank and tried to open a campaign checking account, but was denied. Herzog saw it as an example of the […]
The most popular way to use bitcoin off-chain is on Ethereum, recent data indicates. Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols, like the Lightning Network for payments or the Liquid Network for trading. But to date, […]
Binance’s Korean crypto trading arm is now working with blockchain analytics startup Coinfirm to better ensure anti-money laundering (AML) compliance. The extended partnership, announced Tuesday, will see Coinfirm’s AML solution integrated with Binance Korea’s services on Binance Cloud – a platform for launching digital asset exchanges. The platform opened in […]
Bitcoin News Roundup for June 2, 2020 Not so good news for fans of $10K BTC. It’s CoinDesk’s Markets Daily Podcast. Bitcoin’s price fell more than $800 in under five minutes on Tuesday, pushing the broader cryptocurrency market into the red. The figure puts 2020 on track to become the […]
From the largest 50-day rally in history to the highest unemployment since the Great Depression, the story of markets in five key numbers Every day that protests continue and stocks go up, more people ask about the disconnect between the real economy and capital markets. In this episode of The […]
Bitcoin (BTC) was trading around $9,575 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours. After Tuesday’s rapid 8% drop in less than five minutes on high sell volume, bitcoin’s prices have steadied. At 00:00 UTC on Wednesday, the world’s largest cryptocurrency […]
London-listed Argo reported a dip in May revenue, possibly as a result of the bitcoin halving event. Per the mining firm’s monthly operational update, monthly mining margins – revenue minus operating costs – was roughly 34% in May, down from 39% in April. Overall, the company mined 252 bitcoin (~$2.4 million […]
The 20th iteration of Bitcoin Core, the open source software powering the Bitcoin blockchain, was released Wednesday. Experimental software called “Asmap” was included to protect against a theoretical “Erebus” attack. An Erebus attack allows nation-states and/or large internet providers such as Amazon Web Services to spy, double-spend or censor bitcoin […]
Hester Peirce, one of five commissioners with the U.S. Securities and Exchange Commission (SEC), has been tapped for a second term at the regulatory agency, Bloomberg Law reported Wednesday. Peirce, who has been one of the most prominent crypto advocates among the U.S.’s regulatory agencies, took office in January 2018 […]
The Offshore Operators Committee, a nonprofit organization focused on offshore energy, has found a blockchain management system reduces costs and time for transporting wastewater. The (OOC)’s Oil and Gas Blockchain Consortium has completed its first pilot of a produced water haulage management system using blockchain technology. The pilot, the first […]
Despite Tuesday’s sudden price decline, miner flows suggest the bitcoin market remains strong. The biggest cryptocurrency by market value fell 8% from $10,137 to $9,298 in less than 5 minutes during Tuesday’s U.S. trading hours, dashing hopes for a continued upward move. The price drop, however, has not deterred miners […]
Data BreachCoincheck has fallen victim to a data breach after attackers accessed one of its domain name accounts and used it to impersonate the cryptocurrency exchange. The Japanese firm said Tuesday that an unknown third party gained access to an account it held with domain registration service Onamae.com. An incident notice suggested […]
Numerai has sold an additional $3 million in NMR tokens to a slate of investors led by Union Square Ventures on the strength of its latest product, Erasure. The 17th-largest dapp in terms of value staked on it, Erasure currently holds $2.1 million worth of crypto, according to DeFi Pulse. […]
Coincheck has fallen victim to a data breach after attackers accessed one of its domain name accounts and used it to impersonate the cryptocurrency exchange. The Japanese firm – which fell victim to possibly the largest crypto hack in history in 2018 – said Tuesday that an unknown third party […]
Matic, a sidechain scaling solution for Ethereum, began deploying its mainnet on Sunday. The India-based Matic Foundation announced via a blog post that it had brought 10 nodes online, the first volley of a network Matic hopes to grow tenfold. Project insiders told CoinDesk that the launch validates almost three […]
Trail partners Ethereum and Ethereum Classic are soon to split ways, highlighted by the latter’s successful “Phoenix” hard fork Sunday night. Executed at block 10,500,839 on May 31, the backwards-incompatible network upgrade makes Ethereum Classic fully compatible with Ethereum. That is, until the larger blockchain swaps its consensus algorithm in […]