Pro-focused non-fungible token (NFT) marketplace Blur is making headlines again, this time for entering the NFT lending space. The move has raised questions about its broader market impact.On Monday, Blur launched Blend, a peer-to-peer NFT lending platform that allows traders to
So, will the Federal Reserve raise rates again at its next meeting?Maybe. Maybe not. But, then again, it depends. I mean, Fed Chair Jerome Powell seemed like he sounded more dovish. Or perhaps it was that the FOMC’s statement felt less hawkish. Right? Kinda, no?
A new frenzy is sweeping cryptoland – so-called “BRC-20s” are fungible tokens deployed on the Bitcoin blockchain, and some are beginning to see major market activity. The proposed new standard was introduced in March by a coder known online as Domo, and it has a
Last week at Consensus, Yat Siu nearly missed his talk on the Main Stage because he was swamped by a throng of adoring fans, desperate to steal a minute with the metaverse mogul. Siu’s fellow panelist, Maya Zehavi, and I, his moderator, were getting mic’d up backstage
CoinDesk wrapped up Consensus 2023 on Friday, marking the end of three days filled with discussions around policy, technology and scams. Catch up on some of the key stories below.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurr
Florida has essentially banned the use of central bank digital currencies (CBDC) in the state, and its regional neighbor, North Carolina, as well as several other U.S. states, seem likely to follow soon. This is a major legal advancement in what’s largely been a rhetorical
We journalists are a privileged breed. As the saying goes, we get to write the first pages of history.Nowhere has that seemed truer in my career than at CoinDesk. Even after 10 jam-packed years of covering its comings, goings, ups and downs, the cryptocurrency and blockchain econ
Despite the uncertain regulatory environment in the U.S., investment and adoption of crypto assets is not slowing down.The U.K., European Union, UAE and Southeast Asia have all enacted legislation concerning crypto assets and decentralized finance participation. U.S. investors, b
April was full of stablecoin politics, perpetuating the idea of a global race to tokenize cash. In my opinion, this is not a single race – it’s a competition across several disciplines. We should cheer for the right to compete freely rather than for one winner.Mid-Apr
This week, to no one’s great surprise, we saw another 25 basis point (bp) hike in the federal funds rate. The raise itself is not that significant – background noise, if you will. We’re all used to this by now. What is noteworthy about this one is that there is
One of the most significant risks in crypto underscores the need for more transparency in tokenomics, which refers to the economic system underlying a token or cryptocurrency.
It’s time for a stunning confession: I am a Coinbase customer, and have been, off and on, for many years. For crypto veterans, this may come as a shock: I have an S-tier public track record as a Coinbase critic.Most notably, I was instrumental in triggering a boycott agains
“There’s no reason why innovation and regulation have to be mutually exclusive.”Out of the myriad thought-provoking statements made at this year’s Consensus 2023 conference, this is the one that stands out the most to me. Uttered by Chris Zuehlke, the glob
Digital asset investment management stands to benefit greatly from the techniques and lessons learned in traditional finance. From portfolio construction methodologies to regulatory frameworks, leveraging best practices from decades of research in traditional asset management wil
Decentralized finance (DeFi) is booming, and the FTX exchange collapse has thrown a spotlight on the urgent need for safer, more efficient systems in the crypto market. So how can governments, financial institutions and DeFi-native groups meet this challenge?The answer lies in ex
Coinbase has launched a new derivatives exchange in Bermuda, a totemic act showing the largest U.S. crypto exchange means business when it says U.S. crypto regulations are increasingly nonviable. The exchange, which has been publicly feuding with the U.S. Securities and Exchange
While cryptocurrency trading can drive new opportunities, it can also present potential risks for financial institutions spanning liquidity risk, market risk, and regulatory risk.