CoinDesk

CoinDesk


Bitcoin Miner Iris Energy Reiterates Hashrate View While Revenue Misses Estimates

Posted: 11 May 2022 01:52 PM PDT

The miner's adjusted EBITDA margin slipped to 48% in the fiscal third quarter versus 72% in the prior quarter and 57% a year ago.

'Failure Should Be an Option,' Senator Pat Toomey Says of UST Turmoil

Posted: 11 May 2022 01:51 PM PDT

Sen. Pat Toomey, the Banking Committee's top Republican, doesn't want asset-backed stablecoins tarnished by the UST drama.

Market Wrap: Cryptos Extend Losses as LUNA Plunges

Posted: 11 May 2022 01:34 PM PDT

Bitcoin (BTC) and other cryptos declined on Wednesday amid stress in stablecoins. LUNA plunged by 96% and Solana's SOL token saw a 30% dip. Option traders are seeking downside protection.

'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg

Posted: 11 May 2022 01:18 PM PDT

DAI briefly surpassed UST as the biggest DeFi stablecoin on Wednesday.

Do Kwon Is the Elizabeth Holmes of Crypto

Posted: 11 May 2022 01:17 PM PDT

If you promise investors something impossible, is it a crime?

Grayscale Had ‘Productive’ Meeting With SEC on Bitcoin ETF Conversion

Posted: 11 May 2022 01:03 PM PDT

To date, the SEC has approved several futures-based Bitcoin ETF products, but has delayed or outright rejected all spot Bitcoin ETF applications.

Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse

Posted: 11 May 2022 01:01 PM PDT

"UST will ultimately maintain its peg," the hedge fund told partners Tuesday in a note obtained by CoinDesk.

EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows

Posted: 11 May 2022 11:42 AM PDT

The tough approach could see rivals to fiat currency outlawed in the bloc.

Bitcoin Struggles Near $27K-$30K Support Zone

Posted: 11 May 2022 11:02 AM PDT

Bitcoin (BTC) is deeply oversold on the daily chart, but upside appears limited as long-term momentum deteriorates. Initial support is between $27K-$30K.

Bitcoin Miner Argo Blockchain 'Leans Toward' Designing Custom Miners With Intel Chips

Posted: 11 May 2022 10:56 AM PDT

Custom bitcoin mining rigs will allow miners to design their own machines, instead of having to settle for ready-made ones from a duopoly of manufacturers.

UST Meltdown Hasn't Spurred US Financial Stability Council Meeting: Sources

Posted: 11 May 2022 10:44 AM PDT

As one of crypto world's major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn't triggered any meetings of U.S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.S. financial system, the Financial Stability Oversight Council (FSOC) hasn't gathered to weigh the potential hazards from UST, according to two people with knowledge of the situation.

Nubank, Brazil’s Largest Digital Bank, Launches Bitcoin and Ether Trading

Posted: 11 May 2022 10:36 AM PDT

The trading and custody service is being provided by blockchain infrastructure company Paxos.

Crisis in Terra's UST Stablecoin Spreads to Neutrino USD on Waves Protocol

Posted: 11 May 2022 10:24 AM PDT

FASB to Review Accounting Rules for Digital Assets Held on Balance Sheets: Report

Posted: 11 May 2022 10:03 AM PDT

A clearer framework for how companies might account for crypto might pave the way greater adoption.

5 US States Issue Emergency Orders to Shut Down Metaverse Casino With Alleged Russian Ties

Posted: 11 May 2022 09:30 AM PDT

Regulators in five U.S. states issued emergency orders on Wednesday requiring a metaverse casino with alleged Russian ties to immediately halt the sale of its non-fungible tokens (NFTs), citing fraud, deceit and registration violations.

UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say

Posted: 11 May 2022 08:15 AM PDT

Basis Cash, an algorithmic stablecoin project founded by the anonymous "Rick" and "Morty" in 2020, was actually the work of Terraform Labs employees.

‘Animal Crossing Meets Minecraft’: Branch Raises $12.5M for Play-to-Earn Project

Posted: 11 May 2022 08:00 AM PDT

Dragonfly, Polychain and Coinbase Ventures were all participants in the game's seed round.

Moneda digital de Chile debería también funcionar sin conexión, según presidenta del banco central

Posted: 11 May 2022 07:12 AM PDT

Los principios de diseño se darán a conocer a finales de esta semana, aunque no se ha tomado una decisión final sobre la moneda digital.

FTX US Reveals New York Trust Charter Application

Posted: 11 May 2022 06:57 AM PDT

FTX US has applied for a trust charter with the New York financial services regulator which would allow it to operate in New York and offer its products to users.

Coinbase Shares Plunge as Weak Earnings Prompt Near-Term Caution

Posted: 11 May 2022 06:22 AM PDT

Wall Street analysts lowered share-price targets for the crypto exchange after its first-quarter earnings report.

Hive to Consolidate Shares to Attract More Institutional Investors

Posted: 11 May 2022 06:14 AM PDT

The miner will have about 82 million shares from 411 million, after consolidation.

Coinbase Ventures Backs Moralis' $40M Funding Round

Posted: 11 May 2022 06:14 AM PDT

Moralis provides a development platform for building and launching Web 3 games, apps and NFTs.

Germany Publishes First Nationwide Tax Guide for Crypto

Posted: 11 May 2022 06:00 AM PDT

The finance ministry letter deals with the income tax treatment of mining, staking, lending, hard forks and airdrops.

Mara Raises $23M From Coinbase, Alameda to Spread Crypto Adoption Across Africa

Posted: 11 May 2022 06:00 AM PDT

The exchange is holding Web 3 hackathons and launching products in a pan-African campaign.

Bancor 3 Goes Live With Polygon, Yearn, Others as Partners

Posted: 11 May 2022 05:43 AM PDT

The new impermanent loss-protected liquidity solution aims to make DeFi staking easier for DAOs and their token holders.

Inflation Rose to 8.3% in April, With Monthly Core CPI Doubling From March

Posted: 11 May 2022 05:37 AM PDT

The consumer price index (CPI), reported by the Labor Department, was at 8.3% in April, down from 8.5% in March.

Slumping Galaxy Digital Announces Share Repurchase Plan

Posted: 11 May 2022 05:34 AM PDT

GLXY has dropped by about 20% since Monday, when the firm reported $111.7 million in losses.

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