CoinDesk Crypto

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

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...

Zimbabwe’s gold-backed digital token is not going to stabilize the country’s local currency as the central bank hopes, two economists told CoinDesk.On May 8, the Reserve Bank of Zimbabwe issued gold-backed digital tokens, which are a form of electronic money backed by

When a highly-anticipated non-fungible token (NFT) project seems off, skeptical users will often head to Twitter to voice concerns and attempt to investigate further. The accusations often become more intense and spread quickly when they involve a prominent Web3 influencer.On the

In pretrial proceedings on July 15 in its case against Binance, lawyers for the U.S. Securities and Exchange Commission (SEC) struggled to justify their request for a near-total financial freeze order against American arm Binance.US. Judge Amy Berman Jackson, who is expected to o

Los estafadores crearon en mayo, al menos, 7905 billeteras de blockchain para guardar las criptomonedas que roban a usuarios, según la empresa de seguridad de blockchain Forta Network.Read this article in English.

With the vast majority of central banks exploring Central Bank Digital Currencies (CBDCs), the coupling of Decentralized Finance (DeFi) and the banking sector has already begun.

Lobby groups and crypto companies in the U.K. are generally welcoming of the government's plans for a digital pound, but some of them believe the currency should be interoperable with crypto in order to be suitable for the future.The U.K. opened its plans for a digital pound for

Last week, CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after our original filing in 2021 and only after a full-blown legal fight with Tether, w

With the U.S. Securities and Exchange Commission (SEC) seemingly committed to burning the earth and salting the fields of the cryptocurrency industry, the stablecoin tether (USDT) could face serious pressure. Whether out of worry of a direct regulatory attack by U.S. authorities,