CoinDesk Crypto

Nigeria is struggling with severe cash shortages, with riots erupting across the country just days before a presidential election – but people are still not turning to the national digital currency, the eNaira, which promised to improve retail payments.The digital iteration

The U.S. Securities and Exchange Commission sued Terraform Labs and Do Kwon last week, alleging the terraUSD stablecoin was a security, alongside various other tokens and products. This feels pretty important.You’re reading State of Crypto, a CoinDesk newsletter looking at

Decentralized autonomous organizations (DAO) are emerging as a new tool for organizing, managing and scaling Web3 projects.This article is part of CoinDesk’s “BUIDL Week.” James Young is the co-founder of Abridged, the makers of Collab.Land.

One of the most significant events for the Ethereum blockchain is likely to be the Shanghai upgrade. Currently planned for the second half of 2023, the Shanghai upgrade will implement a number of improvements to Ethereum. Chief among them is the ability for ether (ETH) stakers to

A recent legal decision may offer some much-needed – though not much-liked – clarity on the regulatory landscape ahead for non-fungible tokens (NFT) that may define how centralized companies proceed in entering Web3.The federal judge in New York overseeing a class-act

The IRS treats cryptocurrency as property. Buying and holding it isn't a taxable event because that doesn't generate capital gains or losses -- but selling and exchanging it does. So if you did either...

Coinbase (COIN) has big plans for its newly announced Ethereum scaling product. The project, Base, built in collaboration with layer 2 network Optimism on Optimism’s Massachusetts Institute of Technology-licensed OP Stack, aims to reduce ETH transaction fees to 1 cent, inte

The price of bitcoin has been steadily on the mend since the beginning of the year and, in light of the Federal Reserve’s raising of interest rates, a new dynamic between BTC and traditional financial markets could be emerging. 

Although the term goes all the way back to pre-modern times, the first rigorous framework for defining public goods was created in the 1950s, first by economist Paul Samuelson and then later Richard Musgrave, who formulated the definitions of “non-rivalry” and “

While this year’s price performance of the two largest cryptocurrencies has been impressive, with bitcoin (BTC) up over 46% year to date and ether (ETH) up over 37% YTD, the U.S. Securities and Exchange Commission (SEC) has been aggressively pursuing increased regulation on

As surely as the Earth spins on its axis, spring emerges after winter. This applies to markets as well, and few markets have suffered as brutal a winter as crypto assets. It’s not just the collapse of prices that hurt, it’s also the implosion of key components of mark

Artificial intelligence (AI) has gained tremendous traction over the last couple of months. Since the end of 2022, AI has become a household topic due to the mainstream adoption of OpenAI’s chatbot “ChatGPT” and its immediate, worldwide impact across industries

Crypto's impact in the wake of the tragic earthquakes in Turkey and Syria was felt not only through large donations, but through this global community's responsive manner. Key crypto leaders and companies directed contributions to nonprofit organizations providing aid to victims

New documents suggest that infamous crypto scammer Ruja Ignatova, co-founder of the OneCoin fraud and one of the FBI’s 10 Most Wanted, was murdered by a notorious drug lord as long ago as 2018. OneCoin, a Ponzi scheme that never launched a blockchain, ran from 2014 to rough

This week, Glenn Williams Jr. examines what politicians are saying about crypto regulation in Washington, D.C.Then, Jodie Gunzberg, managing director of CoinDesk Indices, talks about the crypto sectors that continue to thrive despite the regulatory crackdown.

Crypto developers are doing what they do best: buidling.The number of weekly active developers has ranged from 6,000 to 7,000 since the start of 2023, according to a dashboard from crypto data firm Artemis.xyz. The number of daily active developers as of Wednesday is near 1,700,

When trying to make a profit in the markets, investors develop all sorts of ideas, testing each one in turn to see which one works the best. However, there's one trend no investor can escape from, no matter what type of asset they're trading: cyclicality.

One thing that’s becoming crucial to the development of Web3 is better “user journeys.” In other words, we need to become better at offering users a seamless, secure, cost-effective and fast way to jump in and out of Web3. More so, it needs to be fully self-cust

In April 2020, at the height of the first wave of the coronavirus pandemic, Silicon Valley heavyweight Marc Andreessen published a call to action for the innovators and dreamers of the world: “It’s time to build.” The U.S. seemed to be in dire straits, according

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks the cryptocurrency industry is playing a game with his agency. He has said that companies are well aware of what they have to do to operate legally within the U.S. but they’ve decided not to do it &ndas