CoinDesk

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CoinDesk

Merge Testing on Ethereum: What Is It and Why Does It Matter?

Posted: 11 May 2022 04:30 AM PDT

Ethereum's developers are using new testing infrastructure to assess network mechanics and client readiness ahead of the Merge.

The9 Buys Data Center in Kyrgyzstan to Host 7,500 Antminers

Posted: 11 May 2022 04:18 AM PDT

The firm expects the 31.5 MW facility to be ready in July.

Terra Founder Do Kwon Supports Community's UST Proposal; LUNA Slides

Posted: 11 May 2022 04:09 AM PDT

Kwon said Terra endorses a community proposal that seeks to bring UST back to its intended $1 peg.

Anchor Community Submits Proposal to Restore UST Peg

Posted: 11 May 2022 03:39 AM PDT

Community members form Anchor have submitted proposals to save the UST peg.

Stepn’s ‘Move-to-Earn’ Model Has Crypto Analysts Seeing Value in Long Run

Posted: 11 May 2022 02:30 AM PDT

This blockchain-based application's users must purchase a "virtual sneaker" NFT to earn crypto rewards. Consumer advisory: They start at around $800.

Global Financial Stability Watchdog FSB Says It Could Write Crypto Rulebook

Posted: 11 May 2022 02:00 AM PDT

The Basel-based FSB joins tax and money-laundering bodies in responding to calls for coordinated action

UST Falls to $0.35, Terra Futures See $106M in Liquidations

Posted: 11 May 2022 01:33 AM PDT

Some 58% of LUNA traders were betting on higher prices even as the tokens fell yesterday.

Bitcoin Flirts With $30K During Asia Trading Day as Luna Foundation Guard Fights to Defend UST Peg

Posted: 11 May 2022 01:26 AM PDT

High balances on exchanges due to LFG using bitcoin reserves to defend stablecoin peg, says Glassnode analyst

Lloyd’s-Licensed Broker Launches Crypto Insurance Product

Posted: 11 May 2022 01:00 AM PDT

The Daylight insurance offering for crypto firms begins with technology liability and cyber insurance.

Terra’s LUNA Drops to Under $8 After 90% Weekly Plunge

Posted: 10 May 2022 11:55 PM PDT

Value locked on Anchor, Terra's largest DeFi protocol, dropped some $11 billion in the past two days.

Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Language is SEC Requirement, CEO Armstrong Says

Posted: 10 May 2022 09:45 PM PDT

The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings.

First Mover Asia: Crypto Market Decline Underlines Its Unpredictability; Bitcoin Holds at $31K

Posted: 10 May 2022 04:40 PM PDT

Most signs have pointed downward, but predicting price trends in the days and weeks ahead is difficult; cryptos have a mixed day.

UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg

Posted: 10 May 2022 04:25 PM PDT

Luna Foundation Guard's billions of dollars in bitcoin without an actual infrastructure ready to deploy left Terra's stablecoin UST vulnerable to a 'Soros-style attack', an analyst said.

UST Resumes Spiral After Quiet Day Orbiting 90 Cents

Posted: 10 May 2022 03:15 PM PDT

TerraUSD fell below $0.90 late Tuesday after 12 hours of relatively stable price action.

Bitcoin Miner Riot First-Quarter Revenue Misses Estimate

Posted: 10 May 2022 02:26 PM PDT

The miner reiterates its hashrate guidance of 12.8 EH/s

Bitcoin Miner CleanSpark Tops Quarterly Estimates

Posted: 10 May 2022 01:56 PM PDT

The company funded its growth and capital expenditure plans with the sale of mined bitcoin.

UST Backer LFG Seeks $1B to Shore Up Stablecoin Peg: Report

Posted: 10 May 2022 01:41 PM PDT

The funding comes as the dollar-pegged stablecoin dropped as low as $0.60 yesterday amid broader market turmoil.

Market Wrap: Altcoins Outperform as Bitcoin Stabilizes Around $30K

Posted: 10 May 2022 01:34 PM PDT

Bitcoin (BTC) and other cryptos stabilized on Tuesday amid rising correlations with stocks. Altcoins such as MATIC rallied over the past 24 hours, indicating a greater appetite for risk among short-term traders.

Coinbase's Q1 Revenue Misses Estimate as Trading Volume Drops, Shares Fall Almost 16%

Posted: 10 May 2022 01:21 PM PDT

The U.S. crypto exchange's trading volumes declined from $547 billion in the previous quarter to $309 billion.

Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount

Posted: 10 May 2022 11:17 AM PDT

As inflation peaks, bitcoin traders should be wary of reading too much into data.

Environmental Groups Call on US Government to Implement Stringent Bitcoin Mining Regulations

Posted: 10 May 2022 11:07 AM PDT

Local and national activists are banding to limit what they consider are the industry's adverse effects on the environment.

Can You Really Build a ‘Crypto Empire’ in the Empire State?

Posted: 10 May 2022 10:46 AM PDT

Can you really build a crypto empire in New York? New York City Mayor Eric Adams wants to lure crypto companies to the Big Apple – but there are a host of obstacles in his way.

Bitcoin Is Down, but You Don't Have to Be

Posted: 10 May 2022 10:36 AM PDT

Bitcoin Holding Support at $30K, Resistance at $35K

Posted: 10 May 2022 10:21 AM PDT

Bitcoin (BTC) is stabilizing around $30K, which is the bottom of a year-long trading range. There are initial signs of capitulation, evidenced by an uptick in volume, albeit not as extreme as previous sell-offs. Upside remains limited.

Argentina Bears Down on Crypto Miners Amid Power Shortage

Posted: 10 May 2022 10:01 AM PDT

Some registered companies saw a 400% increase in their electricity bills in March, while unregistered miners do not plan to stop using subsidized residential tariffs.

EU Ban on Tax-Haven Crypto Firms Could Breach Trade Law, Commission Warns

Posted: 10 May 2022 09:54 AM PDT

Lawmaker proposals to blacklist non-compliant firms are getting a rough ride as the landmark crypto legislation reaches its final stages.

Katie Haun’s VC Firm Leads $11M Round for Web 3 Community Platform Highlight

Posted: 10 May 2022 09:00 AM PDT

Highlight offers a no-code toolkit for creators to easily build NFT-based Web 3 communities.

Paradigm Enters Africa With $30M Round for ‘Super App’ Jambo

Posted: 10 May 2022 08:28 AM PDT

The Congo-based startup is building a platform for Web 3 user acquisition.

ApeCoin for All? Co:Create Raises $25M to Help NFT Projects Launch Tokens

Posted: 10 May 2022 08:00 AM PDT

The funding could lead to big-name NFT projects following in the footsteps of Bored Ape Yacht Club.

UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks

Posted: 10 May 2022 07:38 AM PDT

U.S. Treasury Secretary Janet Yellen focused on the ongoing distress of stablecoin UST during testimony before a U.S. Senate panel on Tuesday, just hours after the purportedly dollar-pegged token plummeted to a low of $0.65 and at least one platform halted trading.

Cipher Raises Year Hashrate View While Cutting Power Guidance

Posted: 10 May 2022 06:43 AM PDT

The firm attributed the increased hashrate guidance to improved machine allocation from rigmaker MicroBT.

Michael Saylor Suggests MicroStrategy Will Never Sell Its Bitcoin

Posted: 10 May 2022 06:21 AM PDT

Founder and CEO of business-intelligence software company MicroStrategy (MSTR) Michael Saylor has suggested there is no need for the firm to sell the large quantity of bitcoin it has accumulated.

SPiCE VC Launches $250M Blockchain Fund Targeting Institutional Investors

Posted: 10 May 2022 06:15 AM PDT

The firm previously raised $50 million for a tokenized fund focused on financial verticals, but its second fund will invest more broadly.

UK Promises New Laws to Promote, Seize Crypto

Posted: 10 May 2022 06:13 AM PDT

Prince Charles promised legislation on economic crime and financial services as he formally opened a new session of parliament.

Dapper Labs Debuts $725M Ecosystem Fund for Flow Blockchain Development

Posted: 10 May 2022 06:00 AM PDT

A16z, Coatue and Union Square Ventures are all committing money.

Boba Network to Offer Lower Gas Fees on Ethereum via BOBA Token

Posted: 10 May 2022 05:58 AM PDT

The network has implemented single-token gas payments on its blockchain, allowing users to pay 25% lesser in gas fees if they use BOBA instead of ether.

Bitcoin Self-Custody Company Casa Raises $21M

Posted: 10 May 2022 05:00 AM PDT

The news of the fundraise coincides with the launch of Casa API.

The FCA Is Holding Its First CryptoSprint: Here’s What the Digital Asset Community Wants From It

Posted: 10 May 2022 04:20 AM PDT

The FCA is holding a two day CryptoSprint where it will hear the crypto community's ideas on how it should regulate the sector.

Crypto Trading Firm Talos Raises $105M

Posted: 10 May 2022 03:28 AM PDT

Crypto trading engineering firm Talos has raised $105 million in Series B funding led by U.S. financial services giants Citi, Wells Fargo and BNY Mellon among the new investors.

KuCoin Raises $150M in Round Led by Jump Crypto at $10B Valuation

Posted: 10 May 2022 03:00 AM PDT

KuCoin would use the capital to expand its product lineup, such as crypto wallets, and DeFi and NFT platforms.

Susquehanna Leads $10M Funding in Metaverse Platform StarryNift

Posted: 10 May 2022 02:39 AM PDT

The pre-A round funding includes Binance Labs, Alameda and other crypto-centric investment teams as backers.

Chilean Digital Peso Would Need to Work Offline, Central Bank Governor Says

Posted: 10 May 2022 02:35 AM PDT

Design principles are due out later this week, though no final decision has been taken on the digital peso.

Crypto Market Crash Leads to $1B in Liquidations

Posted: 09 May 2022 11:38 PM PDT

Some 73% of all futures traders were long, or betting on a price rise.

Binance Restarts LUNA and UST Withdrawals After Brief Suspension

Posted: 09 May 2022 09:25 PM PDT

LUNA token down is 52% on-day while UST is trading at 76 cents.

UST Stablecoin Veers Wildly From Dollar Peg. Here's the Latest

Posted: 09 May 2022 07:58 PM PDT

By tapping into its bitcoin reserves, UST's salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.

Azuki NFT Founder Admits to Abandoning Past Projects

Posted: 09 May 2022 07:11 PM PDT

The project's floor price has dropped dramatically following the news.

Bitcoin Recovers to $32K After Dipping Below $30K to 10-Month Low

Posted: 09 May 2022 05:34 PM PDT

Bitcoin (BTC) fell below $30,000 for the first time in ten months.

Instagram Eyes Creator Economy With NFT Rollout

Posted: 09 May 2022 04:23 PM PDT

With millions of creators and billions of users, Instagram could turn NFTs into a cash cow, the company hopes.

First Mover Asia: Did Nvidia Profit From Crypto Mining? Consider Its Manufacturing Partners’ Stocks; Cryptos Have a Rough Day

Posted: 09 May 2022 03:41 PM PDT

The manufacturer of graphics processing units has been reluctant to acknowledge the role its products play in crypto mining; bitcoin and ether plummet.

Nyan Heroes Raises $7.5M to Develop Play-to-Earn Game

Posted: 09 May 2022 03:00 PM PDT

Nyan Heroes raised $7.5 million to develop its play-to-earn game bringing its valuation to $100 million.

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