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Web3 Applications Will Increasingly Be Built on Custom Blockchains, Says Ankr’s Head of Product
16.12.2022
As blockchain developers compete for traffic and resources for their respective dapps (decentralized applications), the downside to this, according to some in the industry, can be a poor user experience which in turn undermines the mass adoption cause. Therefore, unless current blockchains —...
Time for Serious Global Crypto Regulation, Germany Says
15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
15.12.2022
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations....
Coinbase’s Prime Broker Platform Receives Industry Attestation Reports
14.12.2022
The reports look at internal controls over financial reporting, as well as controls based on trust principles
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain
13.12.2022
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully...
Judge orders CFTC to serve Ooki DAO founders with lawsuit
13.12.2022
The DAO was initially served with a lawsuit via a help chat box but a federal judge said the regulator “should serve at least one identifiable Token Holder.”
Nvidia Projects Automotive Industry to Include Metaverse Tech in Its Operations in 2023
13.12.2022
Nvidia, a graphics processing unit and artificial intelligence (AI) company, believes that 2023 could mark the start of a metaverse-driven age in the automotive industry. As part of this new conception, automotive companies will start to include metaverse tech and implement it in their industrial...
First Mover Asia: QCP Capital Founder Sees Crypto Industry’s Immediate Future Tied to Genesis Debacle, Expects Rebound in 2024
13.12.2022
During a panel discussion at Taipei Blockchain Week, Darius Sit noted the continued institutional adoption of the crypto options and derivatives market, among industry high points; former FTX CEO Sam Bankman-Fried arrested
Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow
12.12.2022
The future collapse of fiat currencies could propel Bitcoin to $1 million in the next five to 10 years, according to Jan3 CEO and Bitcoin proponent Samson Mow
Industry execs voice confidence in DeFi adoption despite security flaws
12.12.2022
1inch Network co-founder Anton Bukov believes that recent events in the centralized finance space have highlighted the importance of DeFi
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12.12.2022
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Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’
9.12.2022
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching...
Investors chase Web3 as blockchain industry builds despite bear market
9.12.2022
Cointelegraph Research asked top venture capitalists and industry professionals, “What is Web3, and what does it mean for the industry?”
NFTs could help solve diamond certification fraud
9.12.2022
Non-fungible tokens are being used to serve as digital GIA diamond certificates to ensure immutability, transparency and proof-of-ownership
Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions
9.12.2022
On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains...
Crypto Markets Today: Record Grayscale Bitcoin Trust Discount Widens Industry Woes
8.12.2022
The fallout from crypto exchange FTX’s implosion continued as data showed the GBTC discount rate to bitcoin hitting a record high. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
US Watchdog Says Banks Shying Away from Stumbling Crypto Industry
8.12.2022
U.S. banks have been cooling off on their crypto interest since this year’s twin eruptions of Terra/LUNA and FTX, said Michael Hsu, the acting chief of the Office of the Comptroller of the Currency (OCC)
CEO of Binance Warns Users About New Hack Targeting Cryptocurrency Industry
8.12.2022
CEO of the major crypto exchange Binance Changpeng 'CZ' Zhao took to Twitter to warn about the latest hack type targeting the cryptoverse - one executed by "the threat actor [with] broad knowledge of the cryptocurrency industry."
"Don't download files!", said CZ on Tuesday. ...
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Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
8.12.2022
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate...
US regulator to seek feedback on DeFi's impact on financial crime
8.12.2022
A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks