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CoinDesk

After Armstrong Tweet, India's Crypto Policy Body Says No Contempt of Court Challenge vs. RBI

Posted: 25 May 2022 06:30 PM PDT

Coinbase co-founder and CEO Brian Armstrong had raised the question of contempt of court challenge against India's Central Bank, the Reserve Bank of India but the policy body representing the Crypto industry has said they will not be filing a contempt of court challenge.

Portuguese Congress Rejects Two Bills Seeking to Tax Crypto

Posted: 25 May 2022 05:45 PM PDT

The proposals were submitted by two leftist parties. The government, which also seeks to apply taxes, hasn't submitted a proposal so far.

First Mover Asia: Regulatory Attention on Terra Could Change South Korean Trading Environment; Bitcoin Goes Sideways

Posted: 25 May 2022 04:38 PM PDT

The founders of two prominent crypto-related organizations said tightened restrictions could make it difficult for foreign tokens to list on Korean exchanges, discouraging projects from trying.

Nvidia’s Crypto Mining Chip Revenue Now ‘Nominal’ Following Months of Decline

Posted: 25 May 2022 02:45 PM PDT

A drop in crypto mining chip sales dragged down the chipmaker's OEM business unit year-over-year.

How to Make It in the Metaverse

Posted: 25 May 2022 02:34 PM PDT

In this work of fiction, a woman buys metaverse land because New York City rent is just too high. But virtual worlds exact their own cost of living.

The New Ways of Making Money in the Metaverse

Posted: 25 May 2022 02:17 PM PDT

Paraguayan Bill Regulating Crypto Mining and Trading Moves Closer to Law

Posted: 25 May 2022 01:52 PM PDT

The legislation was approved with modifications in the country's Chamber of Deputies, and will now return to the Senate, which had passed it in December.

Market Wrap: Metaverse Tokens Rise; Crypto Analysts Expect More Volatility

Posted: 25 May 2022 01:27 PM PDT

Bitcoin (BTC) and other cryptos were mixed on Wednesday. Although, some metaverse tokens such as MANA and SAND outperformed. Analysts expect higher volatility if a breakout or breakdown in BTC occurs.

Circle Asks US Fed Not to Step on Its Toes by Launching a Digital Dollar

Posted: 25 May 2022 01:08 PM PDT

Circle Internet Financial weighs in to give a crypto industry view that the U.S. Federal Reserve should pass on launching its own digital dollar, arguing that it could strangle private-sector efforts such as Circle's to manage their own dollar-based tokens.

Golf Brand Callaway Joins LinksDAO as Equity Investor, ‘Strategic Partner’

Posted: 25 May 2022 11:29 AM PDT

The DAO that wants to buy a golf course is adding a big name to its cap table.

Will Reality Have Its Revenge on Andreessen Horowitz's Giant New Crypto Fund?

Posted: 25 May 2022 11:14 AM PDT

The humbled WeWork founder is attempting a rehabilitation through blockchain. The timing couldn't be worse.

Bitcoin Stabilizes in Tight Range; Support at $27K, Resistance at $30K-$35K

Posted: 25 May 2022 11:05 AM PDT

Bitcoin (BTC) remains neutral and is stuck in a consolidation phase. The cryptocurrency could see a volatile price move once a breakout or breakdown occurs. Indicators are neutral.

Consider Digital Assets Instead of Still-Pricey Real Estate, Say JPMorgan Strategists

Posted: 25 May 2022 10:50 AM PDT

Nikolaos Panigirtzoglou and team mull the outlook for crypto following the Terra collapse.

'Does Radio Ring a Bell?': How the Metaverse Will Change Society

Posted: 25 May 2022 10:31 AM PDT

The metaverse is the latest technological evolution to be scoffed at – but it will change everything.

Jae Kwon Returns to ‘NewTendermint’ to Battle for the Soul of Cosmos

Posted: 25 May 2022 10:00 AM PDT

Ignite, which rebranded from Tendermint in February, will split into two entities: Ignite and NewTendermint.

Crypto Whales Ditched Tether for USDC After Stablecoin Panic

Posted: 25 May 2022 09:47 AM PDT

After Terra's collapse, whale addresses on the Ethereum blockchain ditched Tether's USDT, the largest stablecoin, to flock to the perceived safety of its competitor, USDC.

FTX’s Bankman-Fried Pitches CFTC on Directly Clearing Customers’ Crypto Swaps

Posted: 25 May 2022 09:32 AM PDT

Sam Bankman-Fried faced a full room of derivatives industry giants and regulators to argue for FTX's proposal to directly clear transactions.

Terra lanzaría su snapshot esta semana: cómo serán distribuidos los 'nuevos' LUNA

Posted: 25 May 2022 08:52 AM PDT

El suministro de tokens en la nueva blockchain será de poco más de $116 millones, dijeron los desarrolladores.

Binance to Advise on Crypto Strategy as Kazakhstan Looks to Boost Industry

Posted: 25 May 2022 08:30 AM PDT

The bitcoin mining hub is trying to attract more crypto firms and expand beyond bitcoin mining.

Why Is South Korea Throwing Money at the Metaverse?

Posted: 25 May 2022 08:24 AM PDT

South Korea has emerged as a global technology powerhouse in recent decades, giving rise to industry giants like Samsung, LG and Hyundai. If the country's government gets its way, a metaverse company could be the next big thing to ride the Korean wave.

As Bitcoin Price Slides, Older Mining Rigs Are Becoming Less Profitable

Posted: 25 May 2022 08:21 AM PDT

Even as Bitcoin's mining difficulty adjusts downward, the price trend might spell a crisis for retail miners. On the other hand, it could be an opportunity for those looking to buy rigs.

Early Solana Investor NGC Ventures Raises $100M for Web 3-Focused Fund

Posted: 25 May 2022 08:02 AM PDT

Crypto-focused venture capital fund NGC Ventures has raised $100 million for its third blockchain fund.

Celestia Launches Testnet for First Modular Blockchain Network

Posted: 25 May 2022 08:00 AM PDT

The "Mamaki" testnet could bring an end to what the project calls the "monolithic era" of layer 1 blockchains.

First Mover Americas: Bitcoin Struggles to Hold $30K Ahead of Fed Minutes

Posted: 25 May 2022 07:45 AM PDT

The latest moves in crypto markets in context for May 24, 2022.

CoinDesk Confidential: Jesse Johnson

Posted: 25 May 2022 07:12 AM PDT

The Pixelcraft Studios COO's greatest regret: Not dropping out of school sooner.

Defining Cryptocurrency Regulation Important for the Industry to Grow: Morgan Stanley

Posted: 25 May 2022 07:10 AM PDT

Disagreement on new legislation would be negative and lead to an extended period of uncertainty, the bank said.

'Not About Playing It Safe': Krista Kim on How Artists Inspire the Metaverse

Posted: 25 May 2022 06:58 AM PDT

As contemporary artist Krista Kim sees it, there are too many corporate executives conceiving these new virtual worlds and not enough genuine creatives.

StarkWare Reaches $8B Valuation Following Latest $100M Funding Round

Posted: 25 May 2022 06:30 AM PDT

The blockchain scaling solution last raised funds in November at a $2 billion valuation.

Wormhole Bridge Expands to Cosmos Ecosystem

Posted: 25 May 2022 06:00 AM PDT

The Jump-backed cross-chain connector will integrate with Injective, an EVM-compatible chain in the Cosmos ecosystem.

ZenLedger Raises $15M to Expand Crypto Tax Products

Posted: 25 May 2022 06:00 AM PDT

ZenLedger, a tax software company, is planning new products that push into institutional markets.

NFL Taps Mythical Games for First Play-to-Earn Venture

Posted: 25 May 2022 06:00 AM PDT

The football league is continuing its crypto push with an NFT game to be released in early 2023.

Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration

Posted: 25 May 2022 05:41 AM PDT

The proposal comes weeks after Otherside faced issues on Ethereum.

Soona Amhaz’s Volt Debuts $50M Crypto Fund Backed by Marc Andreessen, Chris Dixon

Posted: 25 May 2022 05:33 AM PDT

The VC firm will continue to focus on infrastructure, DeFi, NFTs and DAOs.

Associations for Blockchain Technology, Digital Assets Adoption to Merge

Posted: 25 May 2022 05:30 AM PDT

The major industry associations for blockchain technology and adoption of digital assets are to merge creating a single association of nearly 500 institutional members.

DeFi Platform Lido Votes Against Supporting New Terra Blockchain

Posted: 25 May 2022 05:22 AM PDT

Terra's revival plan was approved by network validators earlier Wednesday.

Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B

Posted: 25 May 2022 05:00 AM PDT

The firm, which provides crypto financial services to institutional investors, is valued at $2 billion.

What Impact Will a Bear-Market Merge Have on Ethereum?

Posted: 25 May 2022 04:30 AM PDT

As crypto tumbles, Vitalik Buterin says Ethereum's shift to proof-of-stake will happen in August.

Andreessen Horowitz Establishes $4.5B Crypto Fund, Its Fourth

Posted: 25 May 2022 04:20 AM PDT

Venture Capital firm Andreessen Horowitz has announced a $4.5 billion fund to focus on crypto and Web 3.

MetaKing Studios Raises $15M to Launch Web 3 Strategy Game Blocklords

Posted: 25 May 2022 04:00 AM PDT

The medieval strategy-based massively multiplayer online (MMO) game is expected to debut next year.

Terra Snapshot Expected This Week. Here’s How 'New' Luna Will Be Distributed

Posted: 25 May 2022 03:36 AM PDT

The supply of tokens on the new blockchain will be just over 116 million, developers said.

Crypto Asset Managers Chase Yield With New Investment Products

Posted: 25 May 2022 12:00 AM PDT

A cocktail of high inflation and cash-hungry crypto firms are prompting fund issuers like Bitwise and 21Shares to get creative.

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