Bitcoin channel

13 Feb 2023 09:00

DeFi Protocol Clearpool Chooses Polygon Network for Its Institutional Lending Platform
https://www.coindesk.com/markets/2023/02/13/defi-protocol-clearpool-chooses-polygon-network-for-its-institutional-lending-platform/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Clearpool also has opened the onboarding and whitelisting process for institutional borrowers and lenders to Prime.

Bitcoin channel

13 Feb 2023 03:52

First Mover Asia: Bitcoin Might Test $20K as It Looks for Support
https://www.coindesk.com/markets/2023/02/13/first-mover-asia-bitcoin-might-test-20k-as-it-looks-for-support/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: The SEC's move on Kraken's staking program last week shouldn't be seen as an indictment of staking as a whole. Bitcoin dropped below $21.7K at one point over the weekend.

Bitcoin channel

12 Feb 2023 17:36

Why Drivechain Is Our Best Chance To Secure Bitcoin Into The Future
https://bitcoinmagazine.com/technical/how-drivechain-will-secure-bitcoin

Faced with the threat of ossification, Bitcoin Core should adopt BIPs 300 and 301, integrating Drivechain’s solutions for ongoing security.

Bitcoin channel

12 Feb 2023 03:02

OP Token Falls After Surprise Optimism Airdrop
https://www.coindesk.com/business/2023/02/09/op-token-falls-after-surprise-optimism-airdrop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Optimism conducted a second airdrop that rewarded users of the Ethereum layer 2. OP token fell on the news.

Bitcoin channel

12 Feb 2023 03:02

Legal Expert Says MetaBirkin Project Intended to Use Hermès’ Brand for Economic Gain
https://www.coindesk.com/policy/2023/02/09/legal-expert-says-metabirkin-project-intended-to-use-hermes-brand-for-economic-gain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Olta Andoni, chief compliance officer at financial firm Enclave Markets, says that Mason Rothschild was looking to “piggyback” off of the French luxury brand’s reputation. But even artists who are creating digital art aren't free of consumer protection laws.

Bitcoin channel

12 Feb 2023 03:02

Liquid Staking Tokens Rally as Kraken Shuts Staking Service to Settle With SEC
https://www.coindesk.com/markets/2023/02/09/liquid-staking-tokens-rally-as-kraken-settles-with-sec-to-sunset-staking-service/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The sudden price uptick of governance tokens for the largest liquid staking protocols Lido Finance, Rocket Pool and Frax Finance defies the decline of the broader crypto market.

Bitcoin channel

12 Feb 2023 03:01

Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
https://www.coindesk.com/policy/2023/02/09/stablecoin-issuer-paxos-is-being-investigated-by-new-york-regulator/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The New York Department of Financial Services is investigating crypto company Paxos, though the scope of the investigation is not yet clear.

Bitcoin channel

12 Feb 2023 01:59

Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims
https://www.coindesk.com/business/2023/02/09/three-arrows-capital-founders-launch-exchange-where-you-can-trade-3ac-bankruptcy-claims/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC.

Bitcoin channel

12 Feb 2023 01:59

Bitcoin Exchange LocalBitcoins To Shut Down, Citing Market Conditions
https://bitcoinmagazine.com/business/bitcoin-exchange-localbitcoins-to-shut-down

According to an announcement on its website, the peer-to-peer Bitcoin platform will be shutting down before the end of February 2023.

Bitcoin channel

11 Feb 2023 23:36

The Future of Financial Planning Lies in AI and Blockchain
https://www.coindesk.com/markets/2023/02/09/the-future-of-financial-planning-lies-in-ai-and-blockchain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

AI and blockchain could assist in decisions around investments, taxes and insurance, and open up new avenues for income. But financial advisors will still play a key role.

Bitcoin channel

11 Feb 2023 23:36

Bitcoin Miners Surface for Air as Sliding Natural Gas Price Provides Cost Relief
https://www.coindesk.com/business/2023/02/09/bitcoin-miners-surface-for-air-as-sliding-natural-gas-price-provides-cost-relief/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Energy producers finally have incentives to work with bitcoin miners as the price of natural gas drops from historic highs.

Bitcoin channel

11 Feb 2023 23:36

Crypto Protection Firm Coincover Raises $30M
https://www.coindesk.com/business/2023/02/09/crypto-protection-firm-coincover-raises-30m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Silicon Valley investment firm Foundation Capital led the funding round.

Bitcoin channel

11 Feb 2023 23:36

Bank of America: Innovation to Expand Decentralized Finance Functionality Over Time
https://www.coindesk.com/business/2023/02/09/bank-of-america-innovation-to-expand-decentralized-finance-functionality-over-time/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Developer activity and adoption is the key to success, the report said.

Bitcoin channel

11 Feb 2023 23:36

FTX Bankruptcy Judge Allows Company to Subpoena Founder Bankman-Fried, Other 'Insiders'
https://www.coindesk.com/policy/2023/02/08/ftx-bankruptcy-judge-allows-company-to-subpoena-founder-bankman-fried-other-insiders/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S Judge John Dorsey ordered that FTX's new leadership and its official creditor committee can subpoena the company's founders and former executives, including Sam Bankman-Fried, Gary Wang, Caroline Ellison, Nishad Singh and Bankman-Fried's family.

Bitcoin channel

11 Feb 2023 19:14

Stablecoin Issuer Tether Reports $700M Profit for Q4 2022
https://www.coindesk.com/business/2023/02/09/stablecoin-issuer-tether-reports-700m-profit-for-q4-2022/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tether's assets as of Dec. 31 stood at $67 billion, with liabilities of $66 billion, almost all of which relates to digital tokens issued.

Bitcoin channel

13 Feb 2023 03:53

SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
https://www.coindesk.com/policy/2023/02/13/sec-to-sue-crypto-trust-co-paxos-over-binance-stablecoin-wsj/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar and Binance USD tokens, over the latter. The news comes days after CoinDesk reported Paxos was under investigation by the New York Department of Financial Services.

Bitcoin channel

12 Feb 2023 21:41

I’m Glad There Are No Crypto Super Bowl Ads: Here’s Why
https://www.coindesk.com/consensus-magazine/2023/02/12/im-glad-there-are-no-crypto-super-bowl-ads-heres-why/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Sportswashing and crypto company hubris are no longer in play in Super Bowl commercials this year. And that's a good thing.

Bitcoin channel

12 Feb 2023 06:04

First Mover Asia: Kraken Crypto Staking Settlement Bedevils Markets as Bitcoin Lingers Below $21.9K
https://www.coindesk.com/markets/2023/02/10/first-mover-asia-kraken-crypto-staking-settlement-bedevils-markets-as-bitcoin-lingers-below-219k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: CoinDesk analyst Glenn Williams considers the significance of "whales" sending bitcoin back to exchanges, while smaller investors remove it. Bitcoin falls below $21.9K.

Bitcoin channel

12 Feb 2023 03:02

IRS Seeks Court Approval to Identify Kraken Crypto Customers
https://www.coindesk.com/policy/2023/02/09/irs-seeks-court-approval-to-identify-kraken-crypto-customers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Internal Revenue Service has filed a court document seeking permission to enforce a summons for information against Kraken and its subsidiaries.

Bitcoin channel

12 Feb 2023 03:02

Bitcoin Miner CleanSpark Plans to Continue Pursuing Acquisitions Amid Bear Market
https://www.coindesk.com/business/2023/02/09/bitcoin-miner-cleanspark-plans-to-continue-pursuing-acquisitions-amid-bear-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The miner's revenue for the first quarter was $27.8 million, just shy of analyst estimate of $29.5 million, according to FactSet data.

Bitcoin channel

12 Feb 2023 03:02

Setting the Record Straight
https://www.coindesk.com/consensus-magazine/2023/02/09/setting-the-record-straight/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

In a CoinDesk exclusive, the co-founder of Yuga Labs, Wylie Aronow, shares a frank letter touching on his recent diagnosis of heart failure and responding to accusations of racist and nazi imagery embedded within the Bored Ape Yacht Club NFT project.

Bitcoin channel

12 Feb 2023 03:01

How to Avoid the Death of DeFi in the Wake of FTX
https://www.coindesk.com/consensus-magazine/2023/02/09/how-to-avoid-the-death-of-defi-in-the-wake-of-ftx/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

FTX’s collapse is an inevitable outcome for an industry yet to find its use case. For crypto to survive, it needs to learn from the very financial sector it set out to replace, says Brent Xu, the CEO of Umee.

Bitcoin channel

12 Feb 2023 01:59

Blockchain Privacy Is at Risk in the EU
https://www.coindesk.com/consensus-magazine/2023/02/09/blockchain-privacy-is-at-risk-in-the-eu/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The EU's comprehensive Markets in Crypto Assets (MiCA) regulation is ambitious and sets a high standard globally. Article 68, however, goes too far and poses a risk to innovation, privacy and security.

Bitcoin channel

12 Feb 2023 01:59

Crypto Would Survive an SEC Crackdown on Staking
https://www.coindesk.com/consensus-magazine/2023/02/09/crypto-would-survive-an-sec-crackdown-on-crypto-staking/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin channel

11 Feb 2023 23:36

Bankrupt Crypto Lender BlockFi Takes Two-Thirds Loss to Settle Bitcoin Miner Bitfarms' Debt
https://www.coindesk.com/business/2023/02/09/bankrupt-crypto-lender-blockfi-takes-two-thirds-haircut-to-settle-bitcoin-miner-bitfarms-debt/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The miner had recently warned it might stop paying off the debt to BlockFi.

Bitcoin channel

11 Feb 2023 23:36

Bitcoin Exchange LocalBitcoins to Close, Citing Market Conditions
https://www.coindesk.com/business/2023/02/09/bitcoin-exchange-localbitcoins-to-close-citing-market-conditions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Finnish exchange is set to close this month as it reacts to the "ongoing very cold crypto winter."

Bitcoin channel

11 Feb 2023 23:36

AI Token Search Traffic Spikes as Crypto Traders Seek Exposure
https://www.coindesk.com/business/2023/02/08/ai-token-search-traffic-spikes-as-crypto-traders-seek-exposure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

As artificial intelligence captures the tech zeitgeist, traders are searching for ways to invest.

Bitcoin channel

11 Feb 2023 23:36

Aave Deploys Native Stablecoin GHO on Ethereum Testnet
https://www.coindesk.com/tech/2023/02/09/aave-deploys-native-stablecoin-gho-on-ethereum-testnet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Aave’s GHO is set to join a fierce competition as rival DeFi protocols also issue or are moving to release their own protocol-native stablecoins.

Bitcoin channel

11 Feb 2023 19:14

JPMorgan: Ethereum’s Shanghai Upgrade to Raise Staking Toward Proof-Of-Stake-Blockchain Average
https://www.coindesk.com/tech/2023/02/09/jpmorgan-ethereums-shanghai-upgrade-to-raise-staking-toward-proof-of-stake-blockchain-average/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ethereum’s staking ratio is around 14% compared with an average of 60% for the other major PoS blockchains.

Bitcoin channel

11 Feb 2023 19:13

Umami Finance CEO Dumps All Tokens After Week-Long Drama, Leaving Crypto Hopefuls Stranded
https://www.coindesk.com/web3/2023/02/09/umami-finance-ceo-dumps-all-tokens-after-week-long-drama-leaving-crypto-hopefuls-stranded/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The move followed on the back of Umami making changes to how its value accrual token worked.