CoinDesk Crypto

You've heard the script before. Migrants need to make payments back home to their family, but cross-border payments are achingly slow, taking days to process. Luckily, revolutionary new technologies like blockchains, stablecoins, and central bank digital currency (CBDC) are on th

Earlier this month, the U.K.'s financial conduct regulator, the Financial Conduct Authority, or FCA, announced new, near-final proposed rules, following recently-enacted secondary legislation, on financial promotion of crypto-assets within the country. Taken together with the pas

Those of us who have been following the evolution of bitcoin for some time now will have lost count of the number of times we’ve been told “but it’s not money!” Critics trot out the textbook definition of the word – a medium of exchange, a unit of ac

Generative artificial intelligence (AI) has quickly become one of the hottest and arguably the most transformational technology trends of the last few decades. The impact of generative AI is evident in all areas of the technology stack, ranging from infrastructure to applications

2023 has been a very volatile year for the cryptocurrency market, with shaky market conditions and regulatory and safety concerns. Let's look at Bitcoin and the cryptocurrency market in general and see where it is heading for the rest of the year.

If you're nearing retirement age, you might be looking to get out of the United States. People have many reasons for leaving the U.S, whether it's personal affordability, politics, economic fears or...

The legal fees for FTX’s bankruptcy process have already topped $200 million, a cost that is likely to grow.One activist FTX victim is raising questions about those extraordinary costs, which pay for restructuring the allegedly fraudulent crypto exchange, and recovering vic

Someone needs to remind the European Commission that it can’t have its cake and eat it too.An EC proposal this week for regulating a future central bank digital currency (CBDC) insisted that it must “protect privacy,” describing a system of NFC chip-based offlin

Maybe I’m a grim reaper of banking crises, because I’ve lived through three of them in the last decade. I’m used to banks saying some version of “actually, we’ve lost your money and that’s just a number you see on your screen….it’s

Web3 companies are leaving New York, fomented by Washington D.C.’s recent combative approach to regulating the industry. The Big Apple’s global relevance in relation to other major financial hubs is diminishing because regulators have spurned the wishes of the city&rs

Crypto entrepreneur Aaron Kaplan, added at the last minute to the witness list of a House of Representatives hearing on the industry’s future earlier this month, used his moment on the national stage to praise the U.S. Securities and Exchange Commission as “the most c

Prime Trust may be taken over by the state of Nevada, and the situation seems alarming.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.

In this article, I will explore how the current geopolitical and macroeconomic environment, societal and technology trends, and regulations influence crypto and shape its future.

With the infamous Mt. Gox, less-infamous Quadriga and a handful of other times crypto companies have entered mainstream awareness for losing millions of dollars of customer funds, we have years of evidence that custodying crypto is apparently quite difficult. And yesterday, we go

Review some of the most recent trends in regulation, as well as any major regulatory updates and enforcement actions from the past month.

On Tuesday, non-fungible token (NFT) brand Azuki opened up sales for its new “Elementals” NFT collection, a 20,000-edition derivative of its wildly-popular, original Azuki collection. The new release was teased to major fanfare, as passionate holders waited for the la

We are entering the summer of the U.S. Securities and Exchange Commission (SEC). The agency's latest actions against the world's foremost exchanges, Coinbase and Binance, have the crypto sector reeling.Major players are making moves – quickly. Crypto.com announced it will w

But what really is Web3? To understand the term better, we need to go back to the beginning of the Web itself.

The second report of John J. Ray III and his FTX restructuring team (the “debtors”) was released on Monday, June 26, and it’s a doozy. The report firms up our sense of specific financial flows, including the use of customer funds for political donations and vent

As CoinDesk publishes its list of global crypto hubs, there are two striking omissions. Tokyo and Hong Kong are very publicly welcoming crypto at a time when other jurisdictions, notably the United States, are sending a far less friendly message. So why didn’t they make th