The Associated Press, a collective of more than 1,300 news organizations, might be the original DAO (decentralized autonomous organization). At least, that’s what the white-haired, New Jerseyan behind its blockchain experiments, Dwayne Desaulniers, has said.Over the past ye
The Financial Accounting Standards Board (FASB), which sets accounting standards for private and public U.S. companies, has not developed any accounting standards for digital assets. This has proved to be one of the biggest barriers to the adoption of digital assets.FASB solicite
The old cliche, “Imitation is the sincerest form of flattery ” is true, but in cryptocurrency, it’s often believed that imitation is born from mediocrity, and anything not entirely “original” is nothing more than a cheap knock-off.
In the United States, an estimated 63 million Americans are unbanked, underbanked, or lack access to the traditional financial system. That is a stain on our democracy and economic structure. Today, urban, rural, and native communities that continue to be locked out of centralize
When the Indian government this week announced plans to tax cryptocurrency and launch a central bank digital currency, the news drew a mixed response. Some in the Indian crypto community gave it a glass-half-full reading while others reported their drinking vessels as half empty.
This week’s $326 million hack of the Wormhole blockchain tool may feel bizarrely routine. It’s a massive theft by any sane standard – if it had been an old-fashioned bank robbery, it would have been the second largest of all time. But in crypto, it’s only
Yesterday, beginning at 18:24 UTC, someone or something exploited a security vulnerability on Wormhole, a tool that allows users to swap assets between Ethereum and a number of blockchains, resulting in the loss of 120,000 wrapped ether (or wETH, worth about $321 million) on the
Earlier this week, the American rapper and entrepreneur Kanye West implored people to stop asking him to do a “f***ing NFT.” There was something cathartic about reading his words, written by hand in black marker on a physical sheet of paper. “My focus is on buil
As the decentralized finance (DeFi) market grows, the subject of risk is taking center stage. DeFi holds the promise of automated, transparent and decentralized financial platforms that challenge some of the key foundations of financial markets, but the different risk dimensions
As the decentralized finance (DeFi) market grows, the subject of risk is taking center stage. DeFi holds the promise of automated, transparent and decentralized financial platforms that challenge some of the key foundations of financial markets, but the different risk dimens
Beyond the popularity of investing in digital assets, futurists envision blockchain technology as a disrupter poised to reshape the entire finance and investment industry from top to bottom – and this future might not be as far off as we once thought.“If you want to k
There's been no better asset class to invest in over the past five years than cryptocurrencies, with a return of 9,400% since February 2017. I'm sure this astronomical gain has caught your attention, even though you might not be comfortable with your understanding of the industry
Non-fungible tokens, or NFTs for short, took the world by storm in 2021, with some selling for millions of dollars. Here's what you need to know about NFTs to invest in them and how to do it.
What’s the right term for a cryptocurrency wallet? This was barely a discussion a few years ago, when a “wallet” almost always described a piece of local software or hardware that held the cryptographic private keys that control assets on a blockchain (that, or
Global crypto exchange Binance is warning against celebrity crypto endorsements during the upcoming National Football League Super Bowl championship game, according to AdAge. In a social media teaser of a new Binance ad campaign, National Basketball Association player Jimmy Butle
What is MEV?Behind the scenes of most major blockchains, shadowy super-coders and the bots they build are using the transparency of blockchains and the transaction fee market to their advantage. By watching a database of all pending and unconfirmed transactions called the mempool
Today, CoinDesk launches “NFT All Stars,” a new animated series and podcast spotlighting some of the most influential artists and thinkers in the world of crypto art. Hosted by the developer and entrepreneur Marguerite deCourcelle (also known as Coin Artist), along wi
Dan Olson, the Canadian videographer behind the “Folding Ideas” YouTube channel, has an important message for the world: NFTs are all fundamentally flawed. More so, crypto, Web 3 – those umbrella trends often discussed in hurried tones – would be a huge st
2022 is expected to be the year of non-fungible tokens (NFTs). At $40 billion, the global market capitalization for NFTs is inching closer to the entire global art market cap of $50 billion. However, one of the potentially largest markets for NFTs – India – is facing