Bitcoin channel

11 Feb 2023 19:13

DeFi Giant MakerDAO to Introduce Aave Rival Dubbed Spark Protocol
https://www.coindesk.com/business/2023/02/09/defi-giant-makerdao-to-introduce-aave-rival-dubbed-spark-protocol/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

MakerDAO, the DeFi organization that facilitates the generation of the DAI stablecoin, is releasing Spark Protocol – a lending platform that will rival Aave.

Bitcoin channel

11 Feb 2023 16:33

As Its Central Bank Limits Cash And Pushes A CBDC, Nigeria Needs Bitcoin
https://bitcoinmagazine.com/culture/cash-limits-cbdc-and-bitcoin-in-nigeria

Following an unsuccessful CBDC launch, Nigeria’s central bank is now trying to cut off cash. Bitcoin can help Nigerians find sovereignty.

Bitcoin channel

11 Feb 2023 03:26

Former SEC Attorney: Kraken Action Not a Condemnation of 'Staking Writ Large'
https://www.coindesk.com/policy/2023/02/10/former-sec-attorney-kraken-action-not-a-condemnation-of-staking-writ-large/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Zachary Fallon, a partner at law firm Ketsal, says that because the government agency relies on a circumstances based test, it may need to adjust its response to other crypto firms that engage in staking-as-a-service.

Bitcoin channel

11 Feb 2023 02:28

An Ode to LocalBitcoins (and a Lesson About Maintaining Bitcoin's Public Goods)
https://www.coindesk.com/consensus-magazine/2023/02/10/an-ode-to-localbitcoins-and-a-lesson-about-maintaining-bitcoins-public-goods/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin channel

11 Feb 2023 02:27

Uniswap Vote on BNB Deployment Ends With Silicon Valley’s A16Z on Losing Side
https://www.coindesk.com/tech/2023/02/10/uniswap-vote-on-bnb-deployment-ends-with-silicon-valleys-a16z-on-losing-side/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Uniswap’s community wants to bring the exchange to BNB Chain before copycats can launch identical competitors.

Bitcoin channel

11 Feb 2023 02:26

Tether's Attempt to Block CoinDesk's Request for Stablecoin Reserve Records Dismissed by New York Court
https://www.coindesk.com/policy/2023/02/10/tethers-attempt-to-block-coindesks-request-for-stablecoin-reserve-records-dismissed-by-new-york-court/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CoinDesk's request for information about the financial reserves backing the USDT token.

Bitcoin channel

11 Feb 2023 02:25

Stablecoin Issuer Tether's Reserves Partly Managed by Cantor Fitzgerald: WSJ
https://www.coindesk.com/business/2023/02/10/stablecoin-issuer-tethers-reserves-partly-managed-by-cantor-fitzgerald-wsj/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Wall Street bond trading powerhouse is managing Tether's $39 billion bond portfolio, according to the report.

Bitcoin channel

11 Feb 2023 02:24

Policymakers Should Embrace DAOs in the New Future of Abundance
https://www.coindesk.com/consensus-magazine/2023/02/10/policymakers-should-embrace-daos-in-the-new-future-of-abundance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Whereas corporations accumulate capital, decentralized autonomous organizations (DAOs) accumulate engagement and focus on returning benefits to all participants.

Bitcoin channel

11 Feb 2023 02:02

Bitcoin NFTs Protocol Ordinals Nears 50,000 Inscriptions
https://bitcoinmagazine.com/technical/bitcoin-nfts-protocol-ordinals-50000-inscriptions

With the introduction of Ordinals, Bitcoiners have now inscripted more than 45,000 NFTs directly onto the Bitcoin blockchain.

Bitcoin channel

11 Feb 2023 01:04

SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce
https://www.coindesk.com/policy/2023/02/10/sec-did-not-consult-industry-before-kraken-crypto-staking-settlement-commissioner-peirce/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. Securities and Exchange Commission did not attempt to consult with the crypto industry before this launching this week’s unregistered securities crackdown on staking-as-a-service, Commissioner Hester Peirce said Friday.

Bitcoin channel

11 Feb 2023 01:02

Stablecoins Are Not Worth the Risk
https://www.coindesk.com/consensus-magazine/2023/02/10/stablecoins-are-not-worth-the-risk/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin channel

11 Feb 2023 01:00

Web3 Gaming Platform Ajuna Raises $5M in New Private Financing
https://www.coindesk.com/business/2023/02/10/web3-gaming-platform-ajuna-raises-5m-in-new-private-financing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The platform makes it easier for developers to connect traditional game engines to blockchains.

Bitcoin channel

10 Feb 2023 22:23

Are the Remaining Crypto Giants Staring Down the Barrel of the US Government’s Gun?
https://www.coindesk.com/policy/2023/02/10/are-the-remaining-crypto-giants-staring-down-the-barrel-of-the-us-governments-gun/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest action from the U.S. Securities and Exchange Commission (SEC) against Kraken is probably only the first stirring of a U.S. government campaign to come for the major remaining crypto exchanges, according to industry lawyers, consultants and former regulators.

Bitcoin channel

10 Feb 2023 22:21

Bitcoin Drops Below $22K as Kraken Agreement to Close US Crypto Staking Operations Spooks Investors
https://www.coindesk.com/markets/2023/02/09/bitcoin-drops-below-22k-as-kraken-agreement-to-close-crypto-staking-operations-spooks-investors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The largest cryptocurrency by market capitalization declined after the crypto exchange giant agreed to settle charges with the SEC to shutter the service. Ether also declined.

Bitcoin channel

10 Feb 2023 21:54

Fixing The Incentives: The Fiat Treadmill Keeps Us From Storing Value
https://bitcoinmagazine.com/culture/fiat-breaks-individual-incentives

By eliminating reasonable stores of value, the fiat economic system incentivizes us to seek debt, hope for luck and take on other poor habits.

Bitcoin channel

11 Feb 2023 19:13

CryptoQuant: Bitcoin Network Activity Spikes to Two-Year High Thanks to NFTs
https://www.coindesk.com/markets/2023/02/09/cryptoquant-bitcoin-network-activity-spikes-to-two-year-high-thanks-to-nfts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Transactions are coming from the popularity of the recently-deployed protocol Ordinals, which allows for NFT-like tokens to be stored on-chain.

Bitcoin channel

11 Feb 2023 15:24

Tron Blockchain Commits $100M in Grants to Artificial Intelligence-Focused Projects
https://www.coindesk.com/tech/2023/02/09/tron-blockchain-commits-100m-in-grants-to-artificial-intelligence-focused-projects/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The commitment comes as AI-focused tokens take over the narrative in crypto circles.

Bitcoin channel

11 Feb 2023 02:52

Bitcoin Miner BitNile Relocates 6,572 Bitcoin Miners To Michigan
https://bitcoinmagazine.com/business/bitcoin-miner-bitnile-relocates-6572-miners

BitNile is relocating more than 6,500 Bitcoin miners as a result of Compute North’s bankruptcy.

Bitcoin channel

11 Feb 2023 02:28

Polygon Exploring Use of ZK Technology for Main Chain, Co-Founder Bjelic Says
https://www.coindesk.com/tech/2023/02/10/polygon-exploring-use-of-zk-technology-for-main-chain-co-founder-bjelic-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

In an exclusive interview with CoinDesk, Polygon’s co-founder Mihailo Bjelic shares the progress the blockchain is making on becoming a ZK-secure ecosystem.

Bitcoin channel

11 Feb 2023 02:27

Regulating Crypto by Enforcement and Stealth Will Set the US Back
https://www.coindesk.com/consensus-magazine/2023/02/10/regulating-crypto-by-enforcement-and-stealth-will-set-the-us-back/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk's chief content officer Michael Casey.

Bitcoin channel

11 Feb 2023 02:26

Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement
https://www.coindesk.com/business/2023/02/10/coinbases-staking-service-faces-questions-after-krakens-sec-settlement/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Though Coinbase’s (COIN) current revenue from staking is relatively small, there is potential for speedy growth if the U.S. Securities and Exchange Commission (SEC) doesn’t crack down on the service altogether.

Bitcoin channel

11 Feb 2023 02:25

Federal Reserve Governor Reinforces US Regulators’ Preference for Keeping Crypto Apart From Banks
https://www.coindesk.com/policy/2023/02/10/federal-reserve-governor-reinforces-us-regulators-preference-for-keeping-crypto-apart-from-banks/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Parts of the crypto universe should be encouraged to thrive as long as they don’t threaten the U.S. banking system, said Christopher Waller, a Federal Reserve Board governor, who also shared an optimistic note that the young industry will work out its problems.

Bitcoin channel

11 Feb 2023 02:02

Crypto In The Crosshairs And Bitcoin Market Dynamics
https://bitcoinmagazine.com/markets/crypto-in-the-crosshairs-bitcoin-market-dynamics

Announcements by government agencies make stricter regulations look imminent for the crypto industry. How derivatives market action impacts the bitcoin price.

Bitcoin channel

11 Feb 2023 01:04

28 Hours in the Sewer: Yuga Labs’ Dookey Dash Game Kept Players Running
https://www.coindesk.com/web3/2023/02/10/28-hours-in-the-sewer-yuga-labs-dookey-dash-game-kept-players-running/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

In the Web3 giant’s first skill-based mint, almost 26,000 holders of Sewer Pass NFTs played the game for a cumulative time of 80 years – promising numbers for Yuga’s metaverse initiatives.

Bitcoin channel

11 Feb 2023 01:03

Ether Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Deal DeFi's Knockout Blow
https://www.coindesk.com/business/2023/02/10/ether-liquid-staking-platforms-will-benefit-as-sec-actions-likely-fail-to-deal-defis-knockout-blow/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Lido and Rocket Pool didn’t immediately see a massive rush in of capital after Kraken announced it had settled with the SEC.

Bitcoin channel

11 Feb 2023 01:01

Bitcoin Miner BitNile Pulls 6,500 Rigs From Former Compute North Site
https://www.coindesk.com/business/2023/02/10/bitcoin-miner-bitnile-pulls-6500-rigs-from-former-compute-north-site/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The miner signed a hosting deal with bankrupt Compute North in September for a site that is now managed by USBTC.

Bitcoin channel

11 Feb 2023 00:59

DYdX DeFi Grants Renewal Proposal Spurs Polarized Community Discussion
https://www.coindesk.com/tech/2023/02/10/dydx-defi-grants-renewal-proposal-spurs-polarized-community-discussion/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Nearly 90% of voters favor the grants proposal, but many in the community pointed out controversial limitations.

Bitcoin channel

10 Feb 2023 22:22

Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement
https://www.coindesk.com/policy/2023/02/09/us-securities-and-exchange-commission-sues-kraken-over-crypto-staking-services/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. Securities and Exchange Commission sued Kraken in federal court Thursday, alleging its crypto staking as a service program violated federal securities laws.

Bitcoin channel

10 Feb 2023 22:20

SEC Chief Gensler Warns Crypto Firms to Comply With Rules After Kraken Shutters Staking Program
https://www.coindesk.com/policy/2023/02/10/sec-chief-gensler-warns-crypto-firms-to-comply-with-rules-after-kraken-shutters-staking-program/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Other platforms that offer yield-earning programs should "take note" and come into compliance, the regulator said a day after crypto exchange Kraken said it will pay a $30 million fine to settle SEC charges.

Bitcoin channel

10 Feb 2023 17:40

First Mover Americas: Kraken's SEC Settlement Sends Crypto Markets Tumbling
https://www.coindesk.com/markets/2023/02/10/first-mover-americas-the-sandbox-is-up-on-saudi-arabia-partnership-news/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.