There is so much, too much, to be said about Facebook’s announcement yesterday that it is changing its corporate name to “Meta” as part of a refocus on what is, essentially, online virtual reality. Most of what is to be said is really not good for Facebook. This
On Wednesday, the cryptocurrency Shiba Inu briefly hit $40 billion in market cap as it closed in on rival dog-themed token Dogecoin, which is currently down more than 50% from its peak earlier this year.
The U.S. Commodity Futures Trading Commission (CFTC) has neither confirmed nor denied a report that it’s investigating a popular Ethereum-based betting market. But you’re free to place bets on the likelihood of such a probe on the platform at the center of the kerfuff
Bitcoin futures exchange-traded funds (ETFs) have arrived in the U.S. with the Securities and Exchange Commission (SEC) approving ProShares’ Bitcoin Strategy ETF (BITO), and a string of others is expected to follow.Should you buy any of these?
For years fintech leaders, investors and technologists in the cryptocurrency space have whined about the lack of regulatory clarity coming from the U.S. Securities and Exchange Commission (SEC).It was only in February 2020, amended in April of this year, that SEC Commissioner Hes
One of the most hotly debated topics in the world of blockchain and economics today centers on inflation and interest rates, and the future of the economy. Quite a few people believe the case for investing in some cryptocurrencies is built on the likelihood of future inflation, s
The big crypto story last week was the U.S. Securities and Exchange Commission (SEC) approving a bitcoin futures ETF. For the uninitiated, ETFs are exchange-traded funds: investment vehicles that track the performance of an underlying asset. For years, crypto companies have been
This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here.Ethereum’s native asset was once discredited by bitcoiners and investors alike for its l
Major players in the crypto industry want favorable regulations, and they’re actively explaining their own visions.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future edit
Today marks 20 years of the so-called “Patriot Act,” a law passed to “deter and punish” suspected terrorists in the wake of the Sept. 11, 2001, attacks. Many provisions of the law were unconstitutional, many were ineffective. In fact, in 2015 a subsequent
As more and more institutional money floods into the crypto ecosystem, the big players are getting their skin and cash in the game. And money has a tendency to change people’s minds.
The rise of bitcoin, ether, Cardano’s ADA and related cryptocurrencies – with market capitalizations returning to all-time highs and at times rivaling that of metals like silver and the world’s major financial companies – warrants an examination of investo
Last week, a crypto investment collective called PleasrDAO paid $4 million for a copy of the Wu-Tang Clan’s seventh album, “Once Upon a Time in Shaolin.”If that sounds insane to you, consider the circumstances, which are also insane. The record was conceived as
Sam Altman’s Worldcoin project, which promises to distribute a universal basic income (UBI) to global citizens willing to have their retina scanned, came in for a fresh round of incredulous backlash from privacy advocates after announcing new funding last week. Early info a
Non-fungible tokens (NFT) are becoming one of the most important trends in the crypto ecosystem. The first generation of NFTs has focused on key properties such as ownership representation, transfer, automation as well as building the core building blocks of the NFT market infras
As huge financial intermediaries increasingly censor online content providers, decentralized technologies de-censor them. It’s not always clear which side to cheer for.Allie Eve Knox, a sex worker who specializes in financial-related fetishes, woke up on Oct. 15 to find tha
Over the last year, the narrative surrounding central bank digital currencies (CBDCs) has advanced considerably. From an almost entirely conceptual discussion, CBDCs are now in various stages of research and development to ascertain how they could work in practice.China’s d
Blockchain has already improved companies’ ability to track the movement of goods. But what if we use it to track how people experience work? That could unlock an entirely different perspective on global supply chain dynamics. It’s now easy to envision a more efficien
The crypto regulatory situation in the U.S. is sad. Not because the Securities and Exchange Commission or Department of the Treasury keep proposing new, unpopular rules but because there is a lack of depth and insights into most of the positions and intended actions coming out of