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STEPN to Bar 'Move-to-Earn' for China-Based Users in July
26.5.2022
Popular "move-to-earn" crypto game STEPN will exit the Chinese market due to regulatory concerns, the company said Thursday
Market Wrap: Cryptos Down, Stocks Up; Altcoins Underperform
26.5.2022
Bitcoin (BTC) was roughly flat over the past 24 hours, while altcoins such as ether (ETH) underperformed. That indicates a lower appetite for risk among crypto traders. Meanwhile, stocks traded higher on Thursday
Kevin McCoy: The Metaverse Is Going to Be Powered by Game Engines
26.5.2022
Kevin McCoy, the digital artist who minted the first NFT ever, compares the metaverse of today to the watershed moment when Nintendo launched Mario Bros in 1985
How to Prevent the Metaverse From Becoming a Nightmare
26.5.2022
Examining everything from zero-knowledge proofs to interplanetary file storage
‘Bitcoin Will Find Its Footing,’ According to Grayscale CEO
26.5.2022
“I think in the near term, we [crypto] will find our footing,” Grayscale Investment CEO Michael Sonnenshein, said on CoinDesk TV’s “First Mover.”
What Happens When You Die in the Metaverse?
26.5.2022
Ethereum’s founder proposed “soulbound tokens” to give digital identity value. Is there a price to be paid?
U.S. Fed Vice Chair Says Digital Dollar Would Take 5 Years to Launch
26.5.2022
Federal Reserve Vice Chair Lael Brainard said creating a central bank digital currency (CBDC) in the U.S. would likely take as long as five years. In a House Financial Services Committee hearing Thursday, Brainard also said a digital dollar probably shouldn't return interest to holders – a concern...
5 Principles to Guide Design in the Metaverse
26.5.2022
A leading metaverse designer from Roblox weighs in. This piece is part of CoinDesk's Metaverse Week
Tether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and Polygon
26.5.2022
The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly launched MXNT tokens will be initially hosted on Ethereum, Polygon, and Tron. MXNT Stablecoin Is Pegged 1:1 to...
Bitcoin Pares Earlier Losses; Resistance at $33K
26.5.2022
Bitcoin (BTC) is stuck in a choppy trading range, anchored at the $30K price level. Upside appears limited as most indicators are neutral short-term and bearish long-term
DeFi’s PoolTogether Crowdfunds Legal Defense With NFT Collection
26.5.2022
The DeFi company is using an NFT collection to crowdfund legal defense against a lawsuit brought by a former Elizabeth Warren staffer
VAST Completes Private Investment Round as It Readies to Launch First-Ever EngageFi™ NFT Platform
26.5.2022
PRESS RELEASE. Miami, FL – VAST, the multimedia NFT marketplace that dropped the first-ever NFT sitcom featuring Snoop Dogg and The Harlem Globetrotters, has announced the completion of their strategic private investment round with leading blockchain venture capital firms: GHAF Capital,...
Bitcoin Mining Difficulty Drops 4.33%, Biggest Reduction in 10 Months
26.5.2022
It’s now 4.33% easier to mine bitcoin over the next two weeks as the difficulty adjustment algorithm (DAA) dropped from 31.25 trillion to today’s 29.85 trillion. It’s the largest DAA drop since July 17, 2021, when the difficulty dropped 4.81% at block height 691,488. Bitcoin...
Coinbase Has ‘Structural Advantage’ Over Competitors, Cowen Analyst Says
26.5.2022
Coinbase Global’s (COIN) security infrastructure and regulatory adherence give it a “structural advantage” over rival global crypto exchanges, Cowen equity research analyst Stephen Glagola said in a note to clients Thursday
Biggest Movers: AVAX and ATOM Over 10% Lower on Thursday
26.5.2022
AVAX was one of the biggest movers in crypto markets on Thursday, as prices fell by over 10%, hitting a two-week low in the process. ATOM was also trading in the red, with its value dropping by as much as 13% in the day. Avalanche (AVAX) AVAX was one of today’s biggest losers, as prices...
Tether Enters Latin America With Mexican Peso-Pegged Stablecoin
26.5.2022
The country’s multi-billion remittances business and difficulties in transferring money create an “unique opportunity,” the company said
Federal Vice Chair Lael Brainard Says CBDC Could Coexist With Stablecoins
26.5.2022
A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee of Financial Services on Thursday
Ark 21Shares Takes Another Shot at Spot Bitcoin ETF Approval
26.5.2022
The initial application for a spot bitcoin ETF was rejected in April
CoinDesk Confidential: Alex Masmej
26.5.2022
Ethereum’s Beacon Network Deals With a 7-Block Chain Reorganization
26.5.2022
On May 25, seven blocks were reorganized on Ethereum’s Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the “current attestation strategy of nodes should be reconsidered...