As William Gibson famously observed, the future is already here – it's just not very evenly distributed. If you want to see what a crypto-integrated society looks like, you don’t need a time machine: a plane will do.
Two bills in the U.S. Congress could set the direction for regulating the crypto industry in the coming months, said Kristin N. Johnson, a commissioner at the Commodity Futures Trading Commission (CFTC).Johnson, who was sworn in earlier this year, told CoinDesk TV on Wednesday th
Retail customers of bankrupt crypto lender Celsius Network are likely to recover just a portion of their funds at best and “the consumer business is dead” for Celsius, Thomas Braziel, founder of investment firm 507 Capital, said.Recoveries could be “between 50 t
VC companies invested in crypto startups more than in any other industry in 2021, according to a recent report by Galaxy Digital. Yet 2,411 coins failed that same year, and funding for crypto startups fell 26 percent in Q2 of 2022.
The most widely used blockchain, Ethereum, is set to undergo a major upgrade to its protocol, from proof-of-work to proof-of-stake, sometime next month.The upgrade will bring significant changes to the Ethereum network and potentially change the investment outlook for the popular
“Don’t say Terra.” Sometimes explicit, sometimes not – the message was clear.Earlier this month, the who’s who of South Korea’s crypto scene descended upon hotel ballrooms in Seoul’s ritzy Gangnam district. They were there to attend a str
Cardano (ADA) is a cryptocurrency currently worth about $0.55 per coin, down from an all-time high of $3.10 last summer. The coin has a market cap of roughly $18.8 billion as of August 2022. Despite...
Cryptocurrency has become one of the hottest investments, but has been extremely volatile. Crypto stocks are a great alternative that can have high upside.
Earlier this week a new type of stablecoin (aUSD), built on a platform (Acala), which itself was built on a blockchain (Polkadot), fell from its $1 peg to $0.009 (which rounds to zero as far as I’m concerned), following an attack on one of the platform’s liquidity poo
In a groundbreaking move for the Bitcoin community, BlackRock Inc, the world’s largest asset management company, has announced a spot private trust allowing clients direct access to bitcoin.
With the sanctioning of Tornado Cash last week, the cryptoverse has been rife with speculation about how far protocols and companies will go to comply with government regulations.Underneath this debate, a key question is being tested: Can Ethereum be censored? The answer isn&rsqu
Do Kwon, the disgraced co-founder of the Terra blockchain, has given his first public interview since his much-hyped stablecoin, UST, blew up, taking some $45 billion in investments and savings down with it. There have been numerous heartbreaking accounts of small-time investors
Congress needs to decide whether cryptocurrencies are to be regulated as commodities or securities, according to Dawn Stump, a former commissioner of the Commodity Futures Trading Commission.Stump, who is now an adviser for crypto risk-monitoring firm Solidus Labs, told CoinDesk
Optimism about “web3,” what proponents are calling the next phase of the internet built around crypto and decentralization, has collided with the harsh reality of a bear market.
We all remember the iconic scene at the start of the “Wizard of Oz.” There’s the terrifying sound of the tornado as it rampages across the land. All the while Dorothy Gale struggles to get home as she holds on to her dog for dear life. At a glance, it’s ea
The future of privacy tools has been threatened as a result of the U.S. sanctioning coin mixer Tornado Cash, according to one executive at a leading Monero-focused crypto wallet software company.Justin Ehrenhofer, vice president of operations of Nevis-based Cake Wallet, told Coin
There have been many pieces to the ‘Crypto Winter’ and the downturn in valuations, but two recent developments suggest the nascent asset class is here to stay.
It is perfectly reasonable, and possibly preferable, for Ethereum blockchain-based apps to block users with exposure to Tornado Cash, following the sanction of that anonymizing service last week. The alternative would likely open large parts of the Ethereum network to criminal li
Despite the hot weather, the country is still deep in the icy clutches of the ongoing crypto winter. A market long dominated by speculators trying to make a fast buck, cryptocurrency has never been a...