MakerDAO founder Rune Christensen told CoinDesk late last year that the MakerDAO Foundation had two years left before its planned obsolescence. It sounds like it may take a bit longer but recent moves suggest the organization really is serious about shutting down. First, it turned control of the supply of undistributed governance tokens, MKR, over to MKR holders at large. Then on Thursday, Christensen detailed a […]
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Stephanie Hurder, a CoinDesk columnist, is a founding economist at Prysm Group, an economic advisory focused on the implementation of emerging technologies, and an academic contributor to the World Economic Forum. She has a PhD in Business Economics from Harvard. As COVID-19 forces the United States economy into a recession, millions of families have been devastated by job loss or work reduction. According to the Labor Department, […]
Cryptocurrency prices have always been roller coasters, and some rides are scarier than others. However, there may not be much difference in price volatility between the top two coins in the coming months, a key metric indicates. The spread between the three-month at-the-money implied volatility for ether (ETH) and bitcoin (BTC), a measure of expected relative volatility between the two, declined to 8.9 percent Friday, according to […]
Olga Feldmeier is CEO and co-founder of SMART VALOR, a European digital asset platform for trading, staking and issuance. She previously held executive positions at UBS and Barclays. The rapid spread of the coronavirus caught most of us completely unprepared, including most of us in finance. Now is the time for most people to adjust their financial holdings. The flight to safety pushed many to the US dollar. However, the […]
Trading activity for bitcoin futures listed on the Chicago Mercantile Exchange (CME) has picked up pace as bitcoin has extended its recent rally to levels above $7,200. CME traded $347 million worth of futures contracts Thursday – the highest since March 16. On that day, futures witnessed a trading volume of $414 million, according to data provided by research firm Skew. Thursday’s spike in trading volumes […]
CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup. In the year 1730, the Irish-French economist Richard Cantillon described the uneven effect of newly issued money as it enters society. He made two common-sense observations: that money must enter the economy at a specific point of ingress; […]
Bitcoin and ether are trending down as traditional markets closed in the red Wednesday. On a 24-hour basis, bitcoin (BTC) was in the red 4 percent Wednesday afternoon Eastern time and ether (ETH) was down 3 percent. Most other cryptocurrencies were off as well. Notable assets down in the dumps on CoinDesk’s big board include NEO (NEO) in the red 5 percent, bitcoin SV (BSV) slipping […]
Osho Jha is an investor, data scientist and tech company executive who enjoys finding and analyzing unique data sets for investing in both public and private markets. Many bullish investment theses for bitcoin are grounded in expectations that the upcoming halving of block rewards will cause the bitcoin (BTC) price to increase. Previous supply constrictions, from 50 BTC to 25 BTC and 25 BTC to, where […]
In times of crisis, people look to their government – or, at least, they want to. They may not have actual faith in the state’s capacity against a pandemic. But many of us want to believe there’s someone with a higher plan. Coronavirus is a test of our faith and trust in government. Can we rely on our leaders in an hour of need to make […]
View Historical data suggests bitcoin could put in a positive performance in the second quarter. Bitcoin is currently trapped in a pennant pattern on the daily chart. A breakout will likely yield a rally toward $8,000. A pennant breakdown would put the bears in a commanding position and open the doors to $5,000. Bitcoin (BTC) kicked off the historically strong second quarter on a positive note, […]
While bitcoin (BTC) has climbed sharply from recent lows below $4,000, it’s still on track to end March with a double-digit price loss. The top cryptocurrency by market value is currently trading near $6,440, representing nearly a 68 percent rise from the low of $3,867 registered on March 13. Even so, prices are still down 24 percent on a month-to-date basis. If that loss is held […]
Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. About a week ago, my boyfriend and I stood in the kitchen and had a discussion about where we would hide a wad of cash if we were to drain our local bank account. The bookshelf was too obvious. Under the […]
As economists scramble to assess the devastating impact of the coronavirus, they’re homing in on an unexpected hero that’s mitigating the damage in the U.S.: remote working. With offices across the country closed and people stuck in their homes, many professional workers have accomplished a not-seamless but ultimately successful transition to online workplaces — allowing those in crucial industry sectors including professional and business services to […]
Once the coronavirus hit, registered nurse Shannon Garcia suddenly needed to work from home, like thousands of others in the U.S. Not only would her isolation make space in a crowded hospital, she’d keep herself safe. Having cardiac arrhythmia and lung damage, she’s more vulnerable to the global virus taking a toll on her health. But she faced a serious problem: a lack of internet access. […]
While many analysts are predicting a bitcoin (BTC) bull run, the options market sees a very low probability of the cryptocurrency hitting a new record high by December. The cryptocurrency is currently trading around $6,450 – down over 200 percent from the record high of $20,000 set in December 2017. The options market shows just a 4 percent chance of bitcoin crossing above $20,000 before year’s […]
Bitcoin ended the first quarter of 2020 down from the start of the year, but not as badly as the record-setting losses suffered by global equities. On a 24-hour basis, bitcoin (BTC) was in the green less than a percent Tuesday afternoon Eastern time and ether (ETH) was up slightly as well. The performance of other cryptocurrencies was mixed. Notable assets on CoinDesk’s big board include […]
Bitcoin (BTC) is looking buoyant Monday despite renewed risk aversion in traditional markets. The top cryptocurrency by market value picked up bids near $5,850 during the Asian trading hours and rose around $500 to $6,344 at 07:14 UTC. At press time, the global average price, as calculated by CoinDesk’s Bitcoin Price Index, was at $6,290, up 7 percent on the day. Bitcoin found takers even though […]
CoinDesk columnist Hasu is a pseudonymous crypto researcher publishing analysis for Deribit Insights and his personal blog. “There are decades where nothing happens, and there are weeks when decades happen.” Vladimir Lenin – allegedly The last 30 days have been historic by any meaning of the word. The coronavirus is shaking up life as we know it, and has already caused unprecedented dislocations in both the […]
How the once-in-a-generation COVID-19 pandemic is shifting the way we think and talk about different parts of the crypto industry – from bitcoin (BTC) to DeFi to stablecoins. On Jan. 28, Bloomberg’s Joe Weisenthal tweeted, “Notable overlap on here between the most alarmist people tweeting about the virus and those who are obsessed with the size of the Fed balance sheet.” There is no doubt the […]
After the weekend slump, many cryptocurrencies made strong gains Monday, as did major stock indexes, while the coronavirus continues to wreak havoc on the global economy. Traders weren’t confident the green flashing across all markets would last, however. Bitcoin (BTC) climbed 8 percent and ether (ETH) gained 6 percent. Other notable performers include bitcoin SV up 11 percent, bitcoin cash (BCH) in the green 8 percent […]
Bug bounty platform HackerOne severed ties with Medici Ventures-backed Voatz, the blockchain-based mobile voting app for breach of partnership standards. The removal cuts off Voatz’ access to HackerOne’s network of “ethical hackers” who trade their expertise in finding code faults for cash. HackerOne partners with corporations interested in shoring up potential security vulnerabilities. Across 1,800 total relationships and eight years, though, it’s never before kicked a […]
Berlin-based blockchain startup Spherity has developed a decentralized identity prototype that would help people get the medicines they need while maintaining proper social distance. “We see a big opportunity when it comes to social distancing to get decentralized ID out the door,” said Spherity CEO Carsten Stocker. “Humans interact with smartphones, but governments and doctors’ offices interact with legacy infrastructure – so that means we need […]
A crypto derivatives exchange has received a clean bill of health from the same software tester that vets the trading and settlement systems used by the London Stock Exchange (LSE). ZUBR, which only opened for trading in early March, said its trading software had been successfully stress-tested by Exactpro. The exchange’s high-frequency trading feature, risk management protocols and trading engine met requirements set by the software […]
“I think the right lesson to draw from all of this is that a global order needs to be based on a distributed operating system, not on a centralized architecture…” – Niall Ferguson In this wide ranging conversation CoinDesk’s Michael Casey speaks with author, historian and Hoover Institution senior fellow Niall Ferguson about our disrupted world, inevitable crisis and what it could mean for money. Source