Protocol Village: Credbull Raises $5.2M, Aave Comes to ZKSync Era
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 22-28.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds
Nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies, according to a Wednesday report from corporate influence watchdog Public Citizen.
TradFi Underestimates Bitcoin's Enormous Scale, Franklin Templeton CEO Says
Bitcoin processed $36.6 trillion in transactions last year, far more than payment network giants Mastercard and Visa combined.
Kamala Harris Signals Interest in Friendlier Stance on Crypto: Bloomberg
The cryptocurrency industry has made no secret of its displeasure with the Biden administration's approach towards regulating digital assets.
'Get Him Home': Binance CEO Urges Nigerian Government to Free Detained Exec
Tigran Gambaryan, a U.S. citizen who works for Binance, has been held in Nigeria since February.
New Binance CEO Sees No Need for IPO as He Plots 100-Year Strategy for Crypto Exchange
Richard Teng, who replaced founder Changpeng "CZ" Zhao in November, is playing the long game.
The Protocol: Now Everyone's Putting a Wrapper on Bitcoin
In this week's issue of CoinDesk's newsletter on blockchain technology, we're covering the drama surrounding "wrapped bitcoin" as Tron founder Justin Sun assumes a custody role, signs of upheaval in the Urbit ecosystem and the rise of dark pools on…
If Men Were Angels: Decentralization’s Silent Comeback
MoonPay’s Keith A. Grossman argues that we are facing a new and insidious form of centralization that’s threatening core civil liberties. But, just as this threat is fueled by emerging technology, it can also be stopped by it.
RFK Jr. Reportedly Dropping Out of Presidential Race, Mulling Trump Endorsement; Bitcoin Jumps Past $61K
The independent candidate has scheduled a national address for Friday.
Latin American E-Commerce Giant Mercado Libre Launches U.S. Dollar-Tied Stablecoin
Customers of Mercado Libre digital bank subsidiary Mercado Pago will be able to buy and sell Meli Dollar with their Brazilian reais balances.
After 2022’s Bust, Scars Are Healing In Crypto Lending
Innovative structures, attractive yields, and stronger risk management capabilities are driving a recovery in institutional crypto lending markets, says Craig Birchall, head of product at Membrane, an institutional loan management software provider…
Can Crypto Sway the U.S. Election?
With the political environment so finely poised, candidates would be wise to attract crypto voters, says Nonco’s Jeffrey Howard.
DePIN Media Network PKT Starts Up on Coinbase's Base to Bring Transparency to Making Movies
PKT has Hollywood talent behind it who are sick of the the black box that is the industry's film production process.
Bitcoin Gets Brief Boost After U.S. Employment Growth Revised Lower
Job growth for the 12-months ending in March 2024 was 818,000 lower than previously reported, according to a government report.
Crypto Airdrops Ban U.S. Users, but Americans Are Claiming Tokens Anyway
Airdrop geoblocks help projects avoid tangling with U.S. laws. But the safeguards aren't very effective. America's crypto scene doesn't respect the rules they help write.
CoinDesk 20 Performance Update: Index Trades Down Despite Gains from MATIC and UNI
Polygon and Uniswap gain ground as Litecoin and others drag CoinDesk 20 index down by 0.3%.
Controversial Crypto Firm Prometheum to Treat Uniswap and Arbitrum's Tokens as Securities
Prometheum is forging ahead with its strategy to comply with the U.S. Securities and Exchange Commission's view on cryptocurrency transactions by letting two more tokens into its custody operation for crypto securities, whether the rest of the…
BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows
ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined.
Cipher's Bitcoin Mining Business Remains Compelling, Canaccord Says
The mining business is a standout in the sector in terms of exahash growth, operating performance and low power costs, the report said.
First Mover Americas: Bitcoin Holds Below $60K Before U.S. Jobs Data Revision
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
'Wartime CEO': Urbit's Founder Returns in Shakeup at Moonshot Software Project
"We're here to fix this," Curtis Yarvin says of the struggling endeavor to rebuild the entire internet computing stack from scratch.
Story Protocol Developer Raises $80M Series B, Led by A16z, for Intellectual Property Chain
"We’re focused on solving a real problem that impacts the creative industry, not just creating another technical tweak," Story Protocol CEO SY Lee says.
German Regulator Seizes 13 Crypto ATMS
The machines were operating without the required BaFin permission and posed money laundering risks, the statement by BaFin said.
Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt
The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to overhaul the company's board before pursuing a takoever again.
Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group
Tether plans to seek licensing for the stablecoin under the U.A.E. Central Bank's Payment Token Services Regulation.
Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.
Institutions Are Still Buying Bitcoin ETFs, Bitwise Says
The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, the report said.
Zenrock Aims to Calm Users' DeFi Wobbles With Decentralized Custody Offering
Crypto custody upstart Qredo has got a new lease of life after being bought out of administration by Dan Tapiero’s 10T Holdings and 1RoundTable Partners. The company is soon to relaunch as Zenrock.
Bitcoin Bear Trap? Goldman Says Wednesday's U.S. Jobs Report Is Likely to Overstate Weakness
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024.