Authored by Andrew Singer via CoinTelegraph.com, These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of cash at the Federal Reserve,” Neel Kashkari, the president of the Federal Reserve Bank […]
Crypto
157 posts
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 […]
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. […]
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 […]
A number of cryptocurrency firms have been exempted from holding a payments license in Singapore till this summer. An extensive list of companies posted by the Monetary Authority of Singapore (MAS) includes well-known exchanges and custodians such as Binance, Coinbase, Ripple and BitGo, with all being allowed to continue operating without a payments license until July 28, 2020. The exemption will end after that date, or […]
Bitwise has revealed a plan to soon let retail investors trade its large-cap index product. The asset manager told CoinDesk Friday that it’s working to list shares of its Bitwise 10 Index Fund on OTCQX, an alternative trading system regulated by the U.S. Securities and Exchange Commission (SEC). If approved, retail investors and advisors would be able to trade the fund on popular platforms including Charles […]
American and European equity markets extended their gains on Thursday while major cryptocurrencies made only slight moves on the day. Bitcoin (BTC) was up 1 percent while ether (ETH) up by less than 1 percent. Notable 24 hour performances on CoinDesk’s digital asset board today as of 20:00 UTC include monero (XMR), up 8 percent; tron (TRX), up 3 percent and IOTA (IOTA) in the green by […]
Venezuelan President Nicolas Maduro tapped crypto to conceal transactions related to illicit drug-running, the U.S. Department of Justice alleged in an indictment Thursday. The sweeping charges against Maduro and 14 other Venezuelan officials are primarily targeted at stopping an alleged multibillion-dollar cocaine trafficking ring the DOJ claimed wreaked havoc on American communities for over 20 years. It allegedly involved drug runners, Colombian revolutionaries and narco-terrorism. Venezuela’s […]
Privacy-focused browser Brave Software is hoping to facilitate in-browser cryptocurrency trading, though it’s not quite ready yet. Brave announced Tuesday it was partnering with Binance to develop an in-browser crypto trading tool which will ultimately let users deposit, swap, purchase and trade crypto right from Brave Browser’s launch and new tab windows. There, a natively-integrated crypto widget executes actions via Binance and Binance.US, depending on the […]
Malta’s financial regulator has issued warnings against two crypto websites that falsely claimed to be licensed by the nation. The Malta Financial Services Authority (MFSA) called out the “COINMALEX” and “Crypto Foxtrades” crypto exchanges in twin warnings Wednesday. Both entities had claimed to be licensed, registered or domiciled in Malta, all of which MFSA denied. COINMALEX’s “about” page features a document purporting to be from the […]
Mark Blackman consults on emerging technologies after a career at Qualcomm. James Cooper, a CoinDesk columnist, is a professor of law at California Western School of Law in San Diego. With the impacts of COVID-19 still ravaging financial markets and trillions being deployed by governments and central banks to stem the economic carnage, one cannot help but wonder if this is cryptocurrency’s breakout moment. This unstable […]
The $2 trillion stimulus deal in the U.S. wasn’t enough to keep many cryptocurrencies from taking a dip Wednesday. Bitcoin (BTC) was down a more than 1 percent over the past 24 hours as of 20:00 UTC, and only NEO (NEO) was a gainer, up by less than 1 percent. Ether (ETH) is down 2 percent. Other cryptocurrencies flashing red on the CoinDesk digital asset board […]
The trustee of the now-defunct bitcoin exchange Mt. Gox intends to liquidate cryptocurrencies other than bitcoin and bitcoin cash, according to a draft rehabilitation plan. The trustee, attorney Nobuaki Kobayashi, shared with creditors an outline of the draft rehabilitation plan on Tuesday ahead of a meeting Wednesday. The plan marks a significant step toward concluding a case that has kept creditors waiting since 2014, when Mt. […]
The U.S. Commodity Futures Trading Commission (CFTC) published its final guidance on “actual delivery for digital assets” Tuesday, seemingly settling a longstanding question on when a cryptocurrency can be “delivered” from one party to another. The CFTC shared a 35-page document stating that in its view, “actual delivery” occurs when a customer has complete control over the asset and the offeror no longer has any control […]
Gold is up Monday and so are most cryptocurrencies, seemingly buoyed by the U.S. Federal Reserve’s drastic quantitative easing action to thwart the coronavirus’ effects on markets and the economy. Bitcoin (BTC) is up 7 percent as of 20:30 UTC. Over the past 24 hours it has been trading in a $5,600-$6,600 range coming out of a quiet weekend for the crypto market. Crypto asset performances […]
A new political action committee (PAC) is hoping to push crypto-friendly public policy by providing financial support to Congressional candidates. Founded by former Cato Institute staffer Tyler Whirty, HODLpac seeks to advocate for blockchain legislation by directing funds to different Congressional candidates – but with a decentralized twist. Donors may ultimately use Ethereum-based tokens to vote for which candidates should get their support, though initially voting […]
Billionaire venture capitalist Tim Draper plans to invest in India now the central bank’s ban on financial services for cryptocurrency companies has been overturned. On March 22, Draper tweeted that the recent decision by the supreme court in favor of crypto firms represented “a renaissance for India,” underscoring a change in sentiment for investors who can now begin investing in the local blockchain industry. In an […]
Digital assets firm GSR says it’s seen record interest in its customizable options contracts as funds, exchanges and miners try to hedge against price volatility. The Hong Kong-based firm, which offers a host of services including market making, over-the-counter trading and product development for digital assets, told CoinDesk that 2020 was already shaping up to be a good year for the company, with structured products becoming […]
Spencer Dinwiddie, the Brooklyn Nets guard who launched his own tokenization platform, has launched an interest-bearing stablecoin service in partnership with crypto lending firm Cred. The new service launched Friday on Dinwiddie’s personal website. There, visitors can “pledge” TrueUSD and UPUSD stablecoins as well as bitcoin (BTC), litecoin (LTC) and ether (ETH), earning up to 10 percent interest over the course of the term, according to […]
Fewer than 1 percent of Australians paid for consumer goods with cryptocurrency in 2019, according to a study published Thursday by the Reserve Bank of Australia (RBA), Australia’s central bank. Revealed in RBA’s triennial Consumer Payments Survey (CPS), the findings from about 1,100 respondents shows that while consumers are largely embracing digital and alternative payment methods over cash, they’re just not paying in crypto. RBA conducted […]
In the aftermath of last week’s cryptocurrency market crash, the Huobi exchange has launched a new liquidation mechanism that would pull the plug on trading should prices become too volatile. The Singapore-based firm said Wednesday that the new mechanism, integrated into its crypto derivatives marketplace, would halt all liquidations – where a trader’s position is automatically closed – during periods when volatility starts to present a […]
Last year, crypto didn’t see as many big-bucks, late-stage VC deals as it did in 2018, a new report from CB Insights shows. While 2019 only saw 15 fewer deals than 2018 for a total of 807 deals, the deal volume dropped by 34 percent, from around $4.2 billion to nearly $2.8 billion. This is because of the absence of a few large late-stage deals in […]
Most burgeoning crypto enthusiasts go through a phase in life where they think to themselves: “Bitcoin is neat, but it would be so much better if it could just do x and y?” At this point, they either decide to hop aboard a new blockchain project (typically seeking to own a larger fraction of the supply than the share of bitcoin they own), or they reject […]
Hawaiian regulators have launched a digital currency sandbox initiative that exempts participating crypto companies from Hawaii’s infamous double-reserve requirement. The “Digital Currency Innovation Lab” by Hawaii’s Department of Commerce, Division of Financial Institutions (DFI), and the Hawaii Technology Development Corporation (HTDC) will give “selected” firms a two-year reprieve from Hawaii’s state money transmitter license requirement, according to a press release shared Tuesday, as the state begins […]