This aspect of the crypto space has been fraught with turmoil and negative headlines in recent years; but investors should take note that new framework should ensure history doesn’t repeat itself
It’s the nightmare of every NFT collector. In April 2021, Web3 impresario Farokh Samad lost the seed phrase of a wallet containing 87 non-fungible tokens, including an especially rare Bored Ape Yacht Club NFT. At the time, the total value of the collection was about 250 eth
The refrain is all too common – in order to onboard the next 100 million users to Web3, we need to build better user experiences. But building better experiences isn’t simple. Of course, there are technical design challenges that must be overcome. The less-understood
Securities law has been a main conversation topic for the crypto intelligentsia and unintelligentsia since New York magazine published an interview with Gary Gensler, where Intelligencer author Ankush Khardori drilled the top U.S. securities regulator late last week about his mee
The crypto space has been marred by several platforms and exchanges that went bust in the past few months. In turn, investors have been left frustrated about how to recoup their losses, unlock their...
Breathtaking volatility in crypto valuations and the implosion of leading infrastructure firms rocked the crypto industry. Now, FTX stands as the new poster child for an offshore crypto industry in turmoil.
A new project has appeared on the crypto scene, creating a new use case for Bitcoin; a system for tracking individual satoshis on the Bitcoin blockchain, effectively enabling Bitcoin NFTs.
On Feb. 17, users of a small but well-known Italian crypto exchange received emails saying The Rock Trading (TRT) was having liquidity issues and is "interrupting" its work.“The company is conducting internal audits to identify the causes of the problem and evaluating the a
The fitness industry has long used gamification methods to motivate health and wellness. From FitBits to workout-tracking apps, data gamification has given fitness brands new insights into customer behavior while motivating gym goers to stay on target with their goals.“Anyt
Is there a method to the SEC’s madness?Of all the Securities and Exchange Commission’s actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s
One nagging question about Sam Bankman-Fried and his FTX Crime Family has always been: what was the endgame? Given the incredible extent of the theft taking place, how did Bankman-Fried and his inner circle of co-conspirators foresee escaping their giant con with their freedom an
Despite many bitcoin miners suffering greatly during the 2022 downturn, BTC is rallying harder than ever and with it, many new opportunities are blossoming for investments in mining.
What even is a DAO? A decentralized autonomous organization (DAO) is a global collaboration tool that allows communities to make decisions in a decentralized, transparent and accountable manner by recording activities on a blockchain.It’s a general purpose solution that use
Just a few months after the enormous upgrade called the Merge -- the full transition to proof of stake (PoS) from proof of work (PoW) -- Ethereum is slated to undergo another major one, the so-called...
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...