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
Perhaps the most important sign of resilience in Web3 is the fact that builders remain unfazed by current market conditions. After the recent hype fizzled out and the illusion of infinite money evaporated, most developers have stayed around, proving there are important, real-life
Yes, bear markets are for BUIDLing in crypto. Yes, I am bullish on 2023 being the year more builders start to impact the real world through the growing interest in bringing real world assets (RWA) on-chain and, importantly, the explosion of interest and projects in the regenerati
At the end of January, the Hong Kong Monetary Authority (HKMA) indicated it may require firms to keep to their principal business and have a locally incorporated entity in Hong Kong if they want to obtain stablecoin licenses, according to its consultation conclusions.The HKMA&rsq
The news that Ian Allison and Tracy Wang are joint recipients of a Polk Award, one of the most prestigious in journalism, for three November scoops that led to the unraveling of FTX’s empire is a source of immense pride for all of us at CoinDesk.This is a milestone, not onl
Let me posit two reasons why, over the past month, bitcoin has surged to its highest level since mid-August and outperformed every other major asset in both crypto and traditional markets.Together, they highlight the unique advantage that Bitcoin draws from its status as the olde
The U.S. Securities and Exchange Commission late Thursday released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs, the so-called "company" Kwon founded to develop the Terra blockchain. Broadly, the SEC alleges that Kwon and others “