December 1, 2021

Crypto Exchange Binance Explains Its ‘Rare’ Dogecoin Issue — Resumes DOGE Withdrawals

Cryptocurrency exchange Binance has explained its dogecoin issue which resulted in withdrawal suspension and Tesla CEO Elon Musk calling the problem “shady.” The exchange says it was a “rare issue” and no one was at fault. Binance’s ‘Rare’ Dogecoin Issue, Withdrawals Resumed Binance explained its dogecoin problem Monday, stating: What began as a fairly straightforward upgrade, turned into an issue where Binance users were unable to withdraw DOGE for the last 17 days. In addition, 1,634 users were sent old transactions. “The truth is that a combination of unlikely factors led to an unforeseen issue that ultimately only affected Binance,” the company admitted. Binance explained that any platform will have the same issue if it had listed dogecoin back in 2019 at v1.14.0, had transactions stuck in the wallet, and had upgraded the wallet to v1.14.2 and then updated it […]
December 1, 2021

Paxful integrates with Lunu to offer users retail purchases with crypto

Paxful, a peer-to-peer (P2P) bitcoin and crypto exchange service platform, announced today it has partnered with Lunu to facilitate purchases of goods and services in cryptocurrencies. Lunu is a payment solutions provider based in Berlin that allows users to spend their cryptos as fiat money. “Lunu became a part of the crypto world by creating an ecosystem that integrates the use of digital currencies into the real economy. By joining forces with Paxful, we will be able to increase meaningful adoption of crypto payments in everyday life, everywhere,” said Artem Shaginyan, Founder & CEO of Lunu. Through this alliance, Paxful users in the European Union and the United Kingdom can use their Paxful Wallets to shop at partner merchants of Lunu. Furthermore, users can make cashless payments in-store or online checkouts from a retailer nearly instantly with their Paxful Wallet. […]
December 1, 2021

Crypto derivatives exchange Deribit adds new fiat deposit option via Banxa

Deribit, a popular bitcoin & crypto derivatives exchange platform, announced today a new partnership with Banxa, an Australia-headquartered cryptocurrency-based payment service provider (PSP). This integration will offer Deribit users more options for deposit methods, allowing Deribit customers to purchase cryptocurrencies directly through the Deribit user interface with fiat currencies. Banxa supports 16 of the most mainstream currencies such as USD, EUR, CAD, and AUD. Other than Visa and Mastercard, Banxa also provides multiple local payment methods in various countries. Fees will be included in the spread price offered and will consist of a Banxa fee and potential credit card fees depending on the gateway chosen. Deribit will not charge any fees for this service. Lastly, to celebrate the new integration, Derbit is offering a two-week fee-free holiday on Banxa deposits. The post Crypto derivatives exchange Deribit adds new fiat deposit option […]
December 1, 2021

True or false: 91% of surveys about Bitcoin and crypto are totally wrong

Welcome to the statistically dubious world of cryptocurrency surveys. Here, we’ll find out how many Aussies really own crypto, and why there are so many different claims.
December 1, 2021

Eth2 devs put out call to community to help test out the Merge

As the transition to Eth2 edges closer, Ethereum developers have launched a program for the non-technical users and technical users alike to help test the upcoming Beacon Chain merge.
December 1, 2021

Retail Giant Newegg Unveils Shiba Inu Support on Massive Billboard: SHIB to Be Accepted for Payments in December

A leading tech-focused retailer, Newegg, has announced its support for the meme cryptocurrency shiba inu (SHIB) with the launch of a massive billboard ad campaign. Newegg says it is set to accept shiba inu for payments in early December, which would be sooner than when AMC Theatres plans to add SHIB. Newegg Launches Massive Ad Campaign for Shiba Inu Major online retailer Newegg (Nasdaq: NEGG) announced its plan to accept the meme cryptocurrency shiba inu (SHIB) for payments Tuesday. Newegg is one of the leading tech-focused online retailers in North America, with a global reach in Europe, Asia Pacific, Latin America, and the Middle East. Its platform focuses on computer parts, PC components, laptops, gaming systems, automotive parts, and office supplies. The announcement explains: Newegg will begin accepting SHIB in early December, further cementing Newegg.com as a preferred destination for […]
December 1, 2021

Grayscale tells SEC ‘no basis’ to approve Bitcoin futures ETFs and not spot ETFs

A letter to the secretary of the SEC outlines discrepancies in its rejection of Bitcoin spot ETFs and acceptance of Bitcoin futures ETFs.
November 30, 2021

Grayscale Launches Solana Trust — Company Now Manages $54 Billion Across 16 Crypto Investment Funds

Grayscale Investments has launched a solana trust. The company now has nearly $54 billion in total assets under management. The new trust, which is the company’s 16th crypto investment product, will solely invest in solana (SOL). The CEO of Grayscale said that investors are increasingly “diversifying their exposure beyond digital assets like bitcoin and ethereum.” Grayscale Adds Solana to Its List of Investment Products Grayscale Investments, the world’s largest digital currency asset manager, announced Tuesday the launch of Grayscale Solana Trust. The new trust, which will “solely and passively” invest in solana (SOL), the native token of the Solana network, is Grayscale’s 16th crypto investment product. The announcement notes: The trust is now open for daily subscription by eligible individual and institutional accredited investors. The trust functions the same as Grayscale’s other single-asset investment trusts. Grayscale’s other single-asset investment products […]
November 30, 2021

First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises

Good morning. Here’s what’s happening this morning: Market moves: Bitcoin dropped on U.S. Fed Chair Powell’s comment, while ether gained more market share. Technician’s take: Support levels remain intact, which could establish a tight trading range between $55,000-$60,000 BTC into the Asian trading day. Catch the latest episodes of Technician’s take Bitcoin Declined Below $58K; Support Between $53K-$55K Bitcoin (BTC) buyers failed to sustain Monday’s price bounce, although support around $53,000-$55,000 could stabilize the current pullback. The cryptocurrency is down about 2% over the past 24 hours and is roughly flat over the past week. The downward-sloping, 100-day moving average on the four-hour chart indicates a short-term downtrend. This means buyers have consistently taken some profit on rallies over the past month. Recently, the $60,000 resistance level has been a key hurdle for buyers despite oversold readings on the charts. […]
November 30, 2021

What Is CityCoins and How Does it Work?

CityCoins describes itself as an avenue for citizens to generate crypto-based revenue for themselves and the cities where they live. Think of it as a win-win system that allows users to contribute crypto funds to their home city, or support other cities, in exchange for rewards. Users of the CityCoins platform have already begun to issue tokens for a handful of major cities, designed to help improve the lives of people living in them. Interestingly, the project has opted to base its operation on a bitcoin-powered ecosystem such that users and cities can potentially earn bitcoin. Miami and New York have emerged as the first two cities where CityCoins have been launched. There is also the opportunity for citizens to introduce CityCoins for their cities inside and beyond the borders of the United States of America. How do CityCoins work? […]
November 30, 2021

Ethereum approaches a new ATH, but derivatives data reflects mixed emotions

Ethereum price appears en-route to a new all-time high, but data shows retail and pro investors are slightly skeptical about the current rally.
November 30, 2021

Could Jerome Powell Affect the Crypto Market? Analysts Weigh In

Jerome Powell has been nominated to lead the Federal Reserve in 2022, and many analysts believe this could bear serious repercussions for the cryptocurrency space. Powell Might Not Be Great for Crypto, Analysts Claim While Powell is all set to lead the Federal Reserve, his counterpart vice chairwoman may be Lael Brainard. Both nominations will need to be confirmed by a majority vote in the Senate. Powell served as the Federal Reserve chair under President Donald Trump, so this won’t be a new position for him. Why then, are so many analysts believing that his presence in the world of finance could ultimately take crypto in a new – and possibly negative – direction? Winston Ma – author and managing partner of Cloud Tree Ventures – says that Powell is likely to face a lot of opposition to progressives, which […]
November 30, 2021

TabTrader Token Is Launching on AcceleRaytor and Solanium

PRESS RELEASE. Amsterdam, the Netherlands, 29th of November, 2021: TabTrader is excited to announce the launch of our own token (TTT) on Solanium and AcceleRaytor on December 1 🚀, aspiring to be the ‘ultimate trading terminal’; we are now on the way to drastically expand. DeFi is the future and TabTrader 2.0 makes sure to be a part of it! Following a recent closing of an $5.8 million equity round, TabTrader is ready to launch TTT to incentivize trading and accrue value for token holders. By participating in the IDO, users are taking active part in the project’s development, can benefit from a limited time offer, and an interesting investment opportunity given the scale of growth of the company. Tokens will be used within the platform in the future. Token holders will be able to use them for in-app purchases, […]
November 30, 2021

The Transhumanist Case for Crypto

If you want to live forever, you need a money fit for purpose. Bitcoin, for many, is the ticket. It’s the first, largest and most decentralized cryptocurrency. It’s widely adopted – from retail investors to pension funds to nation-states. It has a durable brand. There’s a case to be made that it’s the most recent “Lindy” invention, the idea that ancient phenomena are less perishable by virtue of being around the longest. But who would want to live forever? As a historical fact, it turns out, many early adopters of cryptocurrency, that’s who! How fitting! Transhumanists, a broad category of people who want to improve the human condition – extending life or extinguishing death, spreading happiness and eradicating suffering through technology – looked at bitcoin as a powerful tool in their arsenal. This article, part of CoinDesk’s Future of Money […]
November 30, 2021

$3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal

The company projects it can mine up to 25,000 BTC per year by 2024.
November 30, 2021

Bitcoin Mining Company Griid Plans for Public Listing on NYSE via SPAC Deal

After the vertically integrated bitcoin self-mining company Griid revealed it secured a $525 million credit facility from Blockchain.com, the company revealed it plans to go public via a special purpose acquisition company (SPAC) deal. Griid will be listed on the New York Stock Exchange (NYSE) after merging with the company Adit Edtech. Griid to Go Public in a Merger With Adit Edtech Acquisition Corp Griid Infrastructure currently operates three U.S.-based mining facilities and aims to have 734 megawatts (MW) operational by 2023. On Tuesday, the company announced it entered a significant SPAC deal with the firm Adit Edtech Acquisition Corp. and after the merger, the two companies will have a combined value worth $3.3 billion. Griid started a newly formed holding company and the Griid parent company, called Griid Holdco LLC, and the holding company will be acquired by Adit […]
November 30, 2021

Market Wrap: Bitcoin Underperforms as Ether and Other Altcoins Rise

Bitcoin was roughly flat on Tuesday while alternative cryptocurrencies such as ether and Solana’s SOL token were up about 5% over the past 24 hours. LUNA, the native token of the Terra blockchain, rallied about 13% as traders chased ’s CRO token: Crypto.com’s CRO token more than tripled in November after a slew of prominent advertising deals, which include buying the naming rights to the Staples Center, reported CoinDesk’s Lyllah Ledesma. The cryptocurrency exchange and credit-card issuer founded in 2016 now has a market cap of more than $17 billion, making it the top performer in November among digital assets with a market cap above $10 billion, according to Messari. As of Tuesday, the CRO price was around $0.70, up 226% on the month. Cook Finance launches DeFi Index platform on Avalanche: Decentralized asset-management platform Cook Finance is bringing a […]
November 30, 2021

UAE issues first NFT stamps in the Middle East

The United Arab Emirates has adopted a favorable approach towards crypto. Now, its postal operator is issuing NFTs to commemorate National Day.
November 30, 2021

Bitcoin, stocks and commodities correct after Fed chair mentions policy change

BTC, stocks and commodities took a hit after the Federal Reserve acknowledged that inflation is more than just a “transitory” problem and hinted that tapering could occur sooner than expected.
November 30, 2021

Jane Hume: Crypto Is NOT Going to Disappear

Financial services minister Jane Hume believes that governments around the world are wrong to be worried about cryptocurrencies. She says that cryptocurrency is “not a fad,” but rather a valid financial tool that can play many parts in the future of the global economy. Jane Hume Is Confident in Crypto At a summit review in Australia just over a week ago, Hume said that cryptocurrency wasn’t likely to disappear “anytime soon.” She offered the following message to government regulators everywhere that have expressed concern about where the space will go and the potential risks its poses: So as an industry, and as a government, we need to acknowledge this is not a fad. We should tread cautiously, but not fearfully. Don’t be the person who thought the iPhone would never take off because people would prefer to have their music […]
November 30, 2021

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project’s recent airdrop.
November 30, 2021

Galaxy Digital Plans to Raise $500 Million in Debt Market to ‘Accelerate Growth Initiatives’

Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.” Galaxy Reveals Exchangeable Senior Note Offering The investment firm Galaxy Digital (TSX: GLXY) aims to raise $500 million via an exchangeable senior note offering. The convertible debt will be used to continue expanding the business. Galaxy details that the private placement will close in early December 2021 and will be subject to Toronto Stock Exchange (TSX) approval. Notes will only be sold to persons who qualify as “institutional buyers,” the announcement explains. “Galaxy Digital has agreed to issue and sell $500 million aggregate principal amount of 3.00% exchangeable senior notes due 2026 to certain purchasers, […]
November 30, 2021

A New Asset Class: NFTs Set to Take Off

The history of alternative assets goes something like this: Someone creates something useful and then people realize these can be invested. Commodity futures, for instance, were invented as a way for farmers to lock in prices ahead of a harvest; 70 years later, the global derivatives market is worth hundreds of trillions of dollars. Musicians’ royalties were initially just a legal way for performers to ensure they got paid whenever their recorded music was played; now investment funds like Hipgnosis buy these royalty streams for hundreds of millions of dollars. This dynamic repeats itself over and over again, from baseball card collecting to sports betting. The latest alternative asset class to emerge is non-fungible tokens (NFTs) and the wider GameFi ecosystem. What perhaps makes the emergence of NFTs more profound than other alternative asset classes is the timing. The world […]
November 30, 2021

Yellen Says Stablecoins Require Proper Regulations

U.S. Treasury Secretary Janet Yellen said stablecoins could lead to greater efficiencies and contribute to easier payments, but required proper regulation. “There are significant risks associated with them, including risks to payment systems and risks related to the concentration of economic power,” she said. Yellen and Federal Reserve Chairman Jerome Powell testified before a Senate banking committee on Tuesday. In response to a question from Senator Patrick Toomey about guidance from the Financial Action Task Force (FATF) regarding the regulation of crypto providers that never take custody or control or customer’s assets, Yellen said that she agreed with updated FinCEN guidance and believed the FATF does, too. Yellen noted that in its updated guidance, the FATF clarified that its intent was not to regulate as virtual asset providers (VASPs) people or providers that “provide only ancillary services or products to […]
November 30, 2021

Bitcoin Declined Below $58K; Support Between $53K-$55K

Bitcoin (BTC) buyers failed to sustain yesterday’s price bounce, although support around $53,000-$55,000 could stabilize the current pullback. The cryptocurrency is down about 2% over the past 24 hours and is roughly flat over the past week. The downward sloping 100-period moving average on the four-hour chart indicates a short-term downtrend. This means buyers have consistently taken some profit on rallies over the past month. Recently, the $60,000 resistance level has been a key hurdle for buyers despite oversold readings on the charts. So far, support levels remain intact, which could establish a tight trading range between $55,000-$60,000 into the Asian trading day. BTC was trading around $57,800 at press time.
November 30, 2021

Borderless Capital Launches $500M Algorand-Focused Fund

Borderless Capital is launching a $500 million ALGO Fund II to help develop projects built on the Algorand blockchain, the company announced on Tuesday. The fund will invest in “digital assets powering the next generation of decentralized applications on top of the Algorand blockchain network,” including projects “to disrupt the creators economy with NFTs and initiatives that can increase capital in the ALGO DeFi ecosystem through liquidity mining, lending, borrowing and yield farming,” the company said in a press release. “It amazes us to see how the ecosystem has expanded since then, but we believe this is just the beginning and there is a lot of room to keep growing,” Borderless Founding Managing Partner David Garcia said in a statement. The Miami-based firm is among the leading investors in the Algorand ecosystem. In June 2019, it launched a $200 million […]
November 30, 2021

SHIB, RGT and AMPL shake off Fed taper comments by notching double-digit gains

Comments from the Federal Reserve might have sent BTC price tumbling, but SHIB, RGT and AMPL ignored the taper talk by posting double-digit gains.
November 30, 2021

Congressional candidate seeking to unseat anti-crypto Brad Sherman is accepting contributions via Lightning

An elementary school teacher, Aarika Rhodes said she plans to use her time in Congress “fighting to keep Bitcoin innovation” in the United States.
November 30, 2021

Avalanche, Layer 1 Tokens Soared in November as Ethereum Fees Drove Competition

Interest in so-called layer 1 tokens heated up during November as several top blockchain protocols pushed incentive programs, while gas fees on Ethereum network remained near all-time highs. “Layer 1″ refers to blockchains that run independently of other blockchains – as contrasted with “layer 2″ solutions that aim to speed up transactions on existing blockchains like Ethereum. One such blockchain, Avalanche, saw its AVAX token rise 70% in November, the top performing layer 1 platform with a market capitalization of $10 billion or greater, according to data from Messari. Among the largest cryptocurrencies, AVAX was the second-biggest gainer overall, behind Crypto.com’s CRO token, which more than tripled in price during the month. AVAX reached an all-time high in mid-November just after announcing a partnership deal with Deloitte to build more efficient disaster-relief platforms using the Avalanche blockchain. The platform has […]
November 30, 2021

Libra Creator David Marcus Says He’s Leaving Facebook at Year’s End

David Marcus is leaving Facebook (now Meta) with the company’s libra (now diem) stablecoin yet to be fully launched. He said Tuesday on Twitter he was stepping down as Meta’s crypto lead and leaving the company, suggesting he’d return to his “entrepreneurial” roots. Marcus leaves the diem stablecoin project, first announced in June 2019, as it continues to face stiff regulatory headwinds. While there’s still so much to do right on the heels of launching Novi — and I remain as passionate as ever about the need for change in our payments and financial systems — my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it. (2/7) — David Marcus (@davidmarcus) November 30, 2021 Marcus, a former president of PayPal, first joined Facebook as the vice president of the company’s Messenger division. […]
November 30, 2021

Moon Pay Is One of the Newest – and Biggest – Crypto Firms Today

Moon Pay – a crypto and fintech firm – is only three years old and one of the newest players in the digital currency industry. However, the company is already valued at more than $3.4 billion thanks to its first ever funding round, which took place two Mondays ago. Moon Pay Has Come a Long Way in a Short Time During this round, the company managed to add more than half a billion to its overall market valuation. The event was led by Tiger Global. The company has been around since 2018 and was founded in Miami, FL. The company’s software allows users to both buy and sell digital currencies using standard payment tools including bank transfers, credit cards, and mobile wallets from companies like Apple and Google. At first glance, it looks like Moon Pay is just your standard […]
November 30, 2021

7 Wild Scenarios for the Future of Money

Some predictions about the future of money are cautious, sensible, sober and grounded. These are not. To open our minds as to what the future might bring, we chucked the usual concepts like “most likely” or “bet on this.” Instead we wondered, what are some dark horse scenarios that maybe, just maybe, could revolutionize the way we think about money? Here the focus is more on fun than functional, more possible than probable. Then again, we now live in a world where cartoon apes sell for $2.6 million, memes about dogs are worth billions, and a sovereign nation accepts bitcoin as legal tender. Anything is in play. This article is part of Future of Money Week, a series exploring the varied (and sometimes weird) ways value will move in the future. 1. Risk becomes tokenized What if we could tokenize […]
November 30, 2021

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors in South Korea South Korean parliament is taking steps to suspend a planned tax on profits from digital asset investments for another year. The move has been supported by the ruling Democratic Party, despite disagreements with the government itself, as well as the leading opposition People Power Party. The amendments, which also envisage the increase of an exemption on capital gains tax for real estate sales amid rising property prices, are viewed by Korean politicians as a popular proposition ahead of the upcoming presidential election […]
November 30, 2021

Ethereum in 2022: What Is Money in the Metaverse?

Ethereum is a smart-contract blockchain focused on building a secure, decentralized environment to host applications of all types. The past year, decentralized finance (DeFi) and non-fungible tokens (NFT) have taken the stage to show the world the possibilities that can arise from blockchain technology. However, scalability products that can increase performance in response to changes in processing demands are starting to unlock the vast potential Ethereum holds, and its co-creator, Vitalik Buterin, – David Z Morris If today’s trends are carried into tomorrow’s future, the world will be more financialized than ever. It’s too early to tell whether this will be a net positive for humanity, but crypto and DeFi have given a glimpse into the good and bad that come with tokenization. Airdrops and equity distribution (when done correctly) have distributed wealth much more freely and fairly than corporations […]
November 30, 2021

UST Stablecoin Demand, DeFi Incentives Drive Terra’s LUNA to New All-Time High

LUNA, the native token of the Terra blockchain, hit a record high Tuesday, as demand for the network’s UST stablecoin surges and users chase multiple incentive programs. This is the second time in November that LUNA has logged a new all-time high. At press time, LUNA was changing hands at $57.63, up 11% in the past 24 hours, according to data from Messari. LUNA is part of an algorithmic balancing system that helps stablecoins running on the Terra blockchain maintain parity with fiat currencies. One of the major developments from the network’s Columbus-5 upgrade in October is a new design for keeping stablecoins pegged to their fiat value: whenever UST is minted, LUNA with the same amount of value is burned. According to data from Terra Analytics, more than 92 million LUNA tokens have been burned since Columbus-5 went into […]
November 30, 2021

Premier League Considering Partnership With NFT Crypto Platform: Report

The English Premier League is said to be considering a partnership with a cryptocurrency platform that provides non-fungible tokens (NFTs), according to The Times. Minutes of the most recent meeting between the Premier League and fan representatives reveal that the league is considering getting involved in NFTs, with sources saying that the League’s approach will be “slow and cautious,” and different from the fan engagement model provided by a platform such as Socios, The Times reported Monday. Several Premier League teams have launched tokens on the Socios platform, which fans can purchase to receive prizes, access special experiences or vote on minor club decisions. The Premier League may instead be looking to follow in the footsteps of Spain’s La Liga, which partnered with French digital soccer collectibles platform Sorare in September to offer NFTs of all players in the league […]
November 30, 2021

Bitcoin Turns Lower as Fed Chair Suggests Inflation No Longer ‘Transitory’

Bitcoin turned lower along with U.S. stocks after Federal Reserve Chair Jerome Powell said Tuesday it may be time to retire the term “transitory” as a way of describing inflation. Over the past year Powell and other officials at the U.S. central bank have repeatedly used that term to suggest the forces driving recent consumer-price increases might abate as the economy accelerates from coronavirus-related lockdowns. So the shift in messaging by Powell, during testimony before a U.S. Senate panel, might signal that authorities now see the inflationary pressures as longer-lasting – potentially indicating the bank might be less willing to continue the loose monetary policies that have buoyed markets for risky assets, including cryptocurrencies. “It is time to retire the word ‘transitory’ regarding inflation,” Powell said during the hearing before the Senate Banking Committee. Bitcoin’s price slid to about $57,000 […]
November 30, 2021

Solana price eyes $300 as Grayscale launches SOL-backed trust

The Grayscale Solana Trust would allow high-net-worth and institutional investors to gain indirect exposures to the yearlong bullish SOL market.
November 30, 2021

NYDIG Raises $50M for Seventh Digital Asset Fund

Bitcoin investment firm NYDIG raised $50 million for its seventh fund to invest in cryptocurrencies, the firm said in a regulatory filing. NYDIG opened the fund on Nov. 16 and a single investor contributed the full amount. The firm plans to leave the fund open indefinitely. NYDIG launched its first digital asset funds late last year when the NYDIG Digital Assets Fund I raised $50 million and the NYDIG Digital Assets Fund II raised $100 million from institutional investors. Fund I invested entirely in bitcoin, but it’s not clear if that’s the case for the latest fund. The NYDIG funds tend to attract investors with deep pockets. The first digital asset fund included two backers and the second had one investor. NYDIG, a subsidiary of Stone Ride Holdings, has longstanding ties with traditional financial institutions. Earlier this year, NYDIG partnered […]
November 30, 2021

Coinbase will establish presence in Israel through purchase of Unbound Security

“We’ve long recognized Israel as a hot bed of strong technology and cryptography talent, and are excited to continue to grow our team with some of the best and brightest minds in these fields,” said Coinbase.
November 30, 2021

Vladimir Putin says cryptocurrencies ‘bear high risks’

The remarks came at a time when the country’s crypto regulatory framework remains underdeveloped.
November 30, 2021

Jack Dorsey Resigning as CEO of Twitter Is Bullish for Crypto, Says Fundstrat

Twitter now has a new chief executive officer after Jack Dorsey resigned Monday. Dorsey, who is still the CEO of Square Inc., previously said that he wants to focus on bitcoin. Fundstrat Global Advisors’ managing director and head of research explained why Dorsey’s departure from Twitter is bullish for crypto. Twitter Has New CEO: Jack Dorsey Steps Down Jack Dorsey announced Monday that he has resigned from Twitter. In his letter to the Twitter team, the former CEO explained that it was his decision to leave. Parag Agrawal, who served as Twitter’s chief technology officer, is the new CEO. Dorsey is still the CEO of Square Inc., which is currently working on several bitcoin projects. Tom Lee, managing partner and head of research at Fundstrat Global Advisors, believes that Dorsey’s resignation from Twitter is bullish for the crypto market. In […]
November 30, 2021

NFT sales aim for a $17.7B record in 2021: Report by Cointelegraph Research

2021 is proving to be a breakthrough year for NFTs, but what is driving such impressive performance? This Cointelegraph Research report has the answers.
November 30, 2021

3D metaverse marketplace MetaMundo aims for 2022 launch with new funding

The platform is anticipated to launch in the first quarter of 2022, and facilitate buying, selling and licensing of metaverse assets.
November 30, 2021

Let the Market Come Up With Better Money Tech

Twenty-five years ago, in the dawn of electronic money, Federal Reserve Board Chairman Alan Greenspan presented a paper at the U.S. Treasury conference on “Electronic Money and Banking: The Role of Government,” where he argued that the future of e-cash will depend on the private sector’s “flexibility to experiment, without broad interference by government.” The COVID-19 pandemic has hastened the transition from paper currency to e-cash. People still want cash, but increasingly in digital form stored on mobile wallets rather than in bill folds. China has already closed the door on private, market-based cryptocurrencies to protect the state’s stake in creating a The right balance between state and market, therefore, is essential in providing an institutional environment that promotes freedom and responsibility – and extends the range of choices open to people. Tilting that balance toward the private sector will […]
November 30, 2021

Coinbase Acquires Cryptographic Security Firm Unbound for Undisclosed Sum

Crypto exchange Coinbase has acquired cryptographic security company Unbound Security to expand its multi-party computational (MPC) capabilities. Coinbase considers Unbound Security to be a pioneer in MPC, a subset of cryptography that allows multiple parties to evaluate a computation without any of them revealing their own private data. With the acquisition, Coinbase will also establish a presence in Unbound’s native Israel, according to a blog post Tuesday. Financial terms of the acquisition were not disclosed. Coinbase did not immediately respond to CoinDesk’s request for comment. “Secure multi-party computation is an application of advanced mathematics to enable crypto assets to be stored, transferred and deployed more securely, easily and flexibly than ever before,” Coinbase wrote in its blog post. Read more: Coinbase Acquires Crypto Wallet Firm BRD for Undisclosed Amount
November 30, 2021

Cook Finance Launches DeFi Index Platform on Avalanche

Cook Finance, a decentralized asset-management platform, is launching on Avalanche, bringing a suite of decentralized finance (DeFi) indexes to users in the fast-growing blockchain’s ecosystem. The new service comes as Avalanche and other upstart blockchains look to win market share from Ethereum, where users have complained of high fees. “We see this launch as providing an easy way for new users who want to get into DeFi indexes but were held back by high gas fees on Ethereum,” said Adrian Peng, CEO of Cook Finance. Similar to index products in traditional finance, Cook’s index products are composed of a list of tokens and track the performance of the underlying assets, making it easier for investors to buy a diversified allocation of cryptocurrencies in a single transaction. Cook Finance launched its mainnet on the Ethereum blockchain in June, and it’s also […]
November 30, 2021

Consensus 2022 – Events Page

Consensus 2022 June 10-12, 2022 Consensus, will return to an in-person format and be held in Austin, Texas, for the first time ever. Since 2015, Consensus has been recognized as the most influential event in cryptocurrency and blockchain. Consensus will bring together thousands of attendees to hear from the most sought-after thought leaders and experience a wide range of keynotes, exclusive panels, workshops, and networking opportunities. The festival-style event will be held June 10th – 12th, 2022, with the Austin Convention Center as its hub, while other locations throughout the city will host a variety of additional programming from CoinDesk, the World Economic Forum, Coin Center and other partner organizations. https://events.coindesk.com/consensus2022
November 30, 2021

Crypto State 2022 – Events Page

Crypto State 2022 Feb 2022 – Exact Date TBD The cryptocurrency movement has never been so sprawling, reaching every corner of the planet. Crypto State by CoinDesk aims to connect with local communities to explore this movement of financial disruption and how it trickles down to every corner of the globe, from DeFi investment opportunities to alternative ways to transact and store wealth. Join us in Nigeria, Southeast Asia, the Middle East and North Africa and beyond. Stops are added continuously. https://events.bizzabo.com/crypto_state_world_tour
November 30, 2021

Crypto’s impact on sanctions: Are regulators’ concerns justified?

Cryptocurrencies, including CBDC’s, have now become a part of the narrative on sanctions due to high adoption.
November 30, 2021

RChain and Hoo: The Arrow Has Already Been on the String

On November 27th, 2021, RChain‘s founder Greg Meredith and blockchain scientist Atticbee were invited as guests to an AMA hosted by the Hoo Exchange. Hoo is a Dubai based innovation driven crypto exchange and has their in-house developed public chain, HSC, built for the global cryptocurrency market. In this session, Greg Meredith and Atticbee shared the latest developments in RChain and remarkable ideas about the future of the blockchain and metaverse. Built as A Coordination Technology, Instead of Payment Platform According to Greg, RChain focuses on blockchain as a coordination technology to provide a means for global coordination as conditions get more and more severe due to climate change. RChain is designed as a scalable global computer and storage mechanism, rather than a payments system. It is impossible to build a general purpose computer out of a cash register, while […]
November 30, 2021

Grayscale Launches New Trust Dedicated to Solana

Digital asset manager Grayscale Investments has unveiled its sixteenth investment vehicle which will be passively invested in solana. Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk. The Grayscale Solana Trust is now available to eligible individual and institutional accredited investors, the firm announced Tuesday. It follows similar products that offer exposure to prominent digital assets such as bitcoin, ether, bitcoin cash, litecoin, and stellar lumens. Solana has enjoyed explosive growth in 2021, increasing from around $1.50 at the start of the year to $214 at the time of writing. Read more: Grayscale Files With SEC to Convert Its Bitcoin Trust Into an ETF
November 30, 2021

Avalanche ecosystem accelerator raises $18.5M in seed funding

AVAX is one of the year’s top crypto performers, with the likes of Three Arrows Capital and Polychain Capital supporting the PoS chain.
November 30, 2021

Advertise Page

Advertise The CoinDesk media platform is the leading trusted source for crypto and blockchain content, attracting millions of users. Absolutely no one brings the news and events shaping the digital finance landscape like CoinDesk. With news and insights, podcasts, live streaming TV shows, research reports, live events, and a toolkit of indexes, data and analytics, that’s why millions of users trust CoinDesk as the source for an emerging crypto economy and why it matters to investors, companies and governments. 5.1 million+ Unique Visitors* 985,000 monthly downloads for the CoinDesk Podcast Network # 1 Google Search Position in US for Bitcoin & Ethereum Price – CoinDesk continues to be the # 1 search result for “Bitcoin price” & “Ethereum Price” on Google NEW CoinDesk TV – live daily and weekly streaming shows 477,000 Newsletter subscribers 1.4 million+ Twitter followers CoinDesk’s Consensus […]
November 30, 2021

Accessibility Page

Accessibility Help We strive to produce a Web site that is accessible to individuals with disabilities. However, if you encounter any difficulty in using our website, please email (help@coindesk.com) us for assistance.
November 30, 2021

Ethics Page

Editorial independence CoinDesk is a wholly owned subsidiary of Digital Currency Group, one of the largest private investors in the industry and a provider of trading and other investment services for that industry. We operate independently of the parent company. Our office is in the same building as DCG’s but on a separate floor, three stories apart, with different access cards. DCG has no involvement in editorial or content decisions, and our journalists cover DCG and its portfolio companies and investments as they would any other subjects, without fear or favor. CoinDesk and DCG have agreed to abide by a strict independence policy that forbids DCG employees from pressuring CoinDesk journalists for coverage or favorable treatment, and encourages CoinDesk employees to come forward and report any such attempts. The full text of the policy can be found in Appendix A […]
November 30, 2021

‘NFT’ Chosen as 2021’s Collins English Dictionary ‘Word of the Year’

As 2021 nears its end, the firm Harpercollins, the publisher behind the printed and online Collins English Dictionary, has revealed “The Collins Word of the Year.” According to collinsdictionary.com, the word of the year is the abbreviation for non-fungible token, otherwise known as “NFT.” Collins English Dictionary Word of the Year Is NFT Non-fungible token (NFT) collectibles have obtained a nod from the publishing team behind the Collins English Dictionary. The unabridged Collins English Dictionary is published by the company Harpercollins and was the first dictionary that was typeset using a computer database’s output. On an annual basis, Collins likes to give a specific term the Word of the Year award, and this year the word “NFT” is the grand champion. “‘NFT’, the abbreviation of ‘non-fungible token’, the unique digital identifier that records ownership of a digital asset which has […]
November 30, 2021

Crypto.com and Silvergate enable institutions to buy and sell crypto with USD

Silvergate is a major crypto bank known for assisting the launch of El Salvador’s crypto wallet Chivo.
November 30, 2021

Hxro Raises $34M on Promise of Derivatives Trading Infrastructure for Solana

Solana-based institutional derivatives hub Hxro Network raised $34 million from some of finance’s behind-the-scenes kingmakers. Susquehanna International Group, a major (if hush-hush) traditional equities trading shop, co-led the round through its ventures wing, SIG DT, alongside Jump Crypto – Robinhood’s go-to firm for processing crypto trades – and Blockchain Capital, a crypto ventures firm. Also featuring Alameda, Coinbase Ventures, Solana, the Chicago Trading Company and others, the round highlights how deep-pocketed investors are betting and building on the Solana ecosystem as a home for financial markets – not just crypto trades. Hxro Network’s derivatives toolbox will feature protocols for futures, perpetual swaps, options and parimutuels, co-founder Dan Gunsberg told CoinDesk. Projects can plug into those protocols and spin up a limitless number of derivatives trading outposts. Read more: Crypto Derivatives Firm Hxro Raises $15M From Macro Hedge Fund Commonwealth That […]
November 30, 2021

Crypto.com’s CRO Token Dominated Crypto Markets This Month on LA Stadium Deal

Crypto.com’s CRO token more than tripled in November, becoming the month’s top-performing cryptocurrency, after announcing new marketing initiatives involving hiring Oscar-winning actor Matt Damon to star in an advertising campaign and purchasing a naming-rights deal with the stadium where the Los Angeles Lakers basketball team plays. The cryptocurrency exchange and credit-card issuer founded in 2016 now has a market cap of more than $17 billion, making it the top performer in November amongst digital assets with a market cap above $10 billion, according to Messari. At press time, the CRO price was around $0.70, up 226% on the month. That compares with an 83% gain for the month’s second-biggest gainer, Avalanche’s AVAX token. Bitcoin, the largest cryptocurrency, slid 4.5% in November. “Crypto.com’s recent marketing initiatives have certainly played a role in CRO’s gains,” said Clara Medalie, research lead at Kaiko, […]
November 30, 2021

SupraOracles’ Underlying Technology

The technology driving the SupraOracles project enables a bridge between the centralized and decentralized worlds. This advanced oracle system makes it easier for users to handle global transactions […]
November 30, 2021

Shiba Inu gains over 30% in just 2 days as Kraken announces SHIB listing

The upside move in the Shiba Inu instruments also comes in the wake of broader price rebound across leading crypto assets, including Bitcoin.
November 30, 2021

Mercado Bitcoin parent company 2TM raises $50M, further cementing unicorn status

The Series B builds off 2TM’s massive $200 million SoftBank-led raise in July, which catapulted the company to a $2.1 billion valuation.
November 30, 2021

Brazilian Crypto Unicorn 2TM Raises $50M in Series B Round Extension

2TM, the holding company for Mercado Bitcoin, Brazil’s largest crypto exchange by market valuation, raised an additional $50.3 million in a second closing of its Series B funding round. In June, Mercado Bitcoin raised $200 million in a first closing led by the SoftBank Latin America Fund at a $2.1 billion valuation. New investors included 10T, a crypto-focused private equity firm, and Tribe Capital, a venture capital firm with investments in crypto exchanges FTX and Kraken, the company said in a statement. “Our international expansion and the increasing offer of new products based on the technology that gave life to bitcoin are just beginning. Tribe and 10T will bring their expertise in the blockchain segment, which is even more relevant than the amount invested,” 2TM CEO Roberto Dagnoni said in a statement. 2TM plans to expand operations in Latin America, […]
November 30, 2021

Huobi Tech Launches Crypto Lending Services in Hong Kong

Huobi Tech is introducing crypto lending for institutional investors in Hong Kong, according to a company press release shared with CoinDesk. The loans will range from $10,000 to $100 million in USDT and other currencies, and will carry an 8.8% fixed-term annual percentage rate, a company representative told CoinDesk via email. The Hong Kong-listed company is affiliated with crypto exchange Huobi Global through a common co-founder, Leon Li, but is a separate legal entity. The loans will be provided through Huobi Brokerage, Huobi Tech’s digital asset brokerage platform. Customers can use crypto as collateral, and the loan terms will range from three months to two years, the company said. Exchanges licensed by Hong Kong’s Securities and Futures Commission can provide services only to professional investors, meaning those with over HK$8 million ($1 million) in their portfolio.
November 30, 2021

CBDC is a tool to combat Bitcoin, says Bank of Indonesia exec

“CBDC would be part of an effort to address the use of crypto in financial transactions,” Bank of Indonesia’s assistant governor Juda Agung said.
November 30, 2021

Report: Nigerian Fintechs Account for Nearly 91% of $417.5 Million Raised by Tech Startups in the Country

According to an analysis of the $417.5 million that was raised by Nigerian tech startups during the first nine months of 2021, fintech firms accounted for about $379 million or 90.78% of the total. Nigerian Fintechs Dominate the African Continent Nigerian fintechs currently account for more than 90% of the $417.5 million that was raised by tech startups during the first nine months of 2021, a local report has said. While the report, which was compiled by local media outlet Punch, notes that the $417.5 million is already significantly higher than the $300 million that was raised in the entirety of 2020, it acknowledges that this growth in funds raised is largely thanks to fintech groups. To illustrate, the report points to the fact that $600 million was raised by fintech startups between 2014 and 2019. To prove that the […]
November 30, 2021

Griid Infrastructure Set for NYSE Listing Through $3.3B Merger

Griid Infrastructure, which owns and operates bitcoin mining facilities, is to list on the New York Stock Exchange through a merger with Adit EdTech Acquisition Corp. The combined enterprise value of the two companies is $3.3 billion, according to an announcement Tuesday. Cincinnati-based Griid has three facilities in the U.S. and aims to have mining capacity of 734 megawatts operational by 2023. The newly formed entity will operate under the name “GRIID Infrastructure Inc.” and list on the NYSE under the ticker symbol “GRDI.” Read more: Blockchain ‘Blank Check’ SPAC Announces $100M IPO to Fund Acquisitions
November 30, 2021

Bitcoin’s First Halving Occurred 7 Years Ago

The first Bitcoin (BTC) halving took place 7 years ago on November 28. This was a very important milestone for the Bitcoin network as the reward for miners […]
November 30, 2021

Binance CEO reveals one key factor for token listings

The number of users plays a critical role for a token to get listed on Binance, Changpeng Zhao said in an interview.