Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.
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Coinbase Shares Rise as Q1 Revenue Grows 23% to $773M From Q4
The crypto exchange reported first quarter results after the close on Thursday.
The Reactionary Political Theater of CBDC Bans
The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms.
Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows
Ethereum’s Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido.
Judge Upholds Freeze on SpartacusDAO's $35M in Lawsuit Served Via Discord, NFT
Activist investors are suing the leader of SpartacusDAO. He hasn't shown up in court after ignoring multiple attempts to serve him.
Blockchain Developer Platform Alchemy Launches Public Support for ZK Rollup Starknet
The blockchain is the first with native account abstraction that the web3 developer platform offers, allowing developers to build applications with Alchemy’s infrastructure on StarkNet.
Hamilton Lane Offers Polygon-Based Tokenized Access to a Second Fund
Access to the Senior Credit Opportunities Fund is available through a feeder fund from Securitize.
Alibaba Cloud Builds Metaverse Launchpad on Avalanche
Named Cloudverse, the launchpad is designed to provide an end-to-end platform for companies to customize and maintain their metaverse spaces.
The Legacy of Mt. Gox: Why Bitcoin’s Greatest Hack Still Matters
The fall of the Japanese exchange in 2014 saw 750,000 bitcoin go missing, putting crypto’s future in doubt. The event reverberates to this day.
CoinDesk Turns 10: What We Learned From Reporting a Decade of Crypto History
Our month-long series looking back at 10 years of CoinDesk features a lot of failures. But, in most cases, what seemed like disasters at the time have actually allowed the industry to grow, says CoinDesk’s Chief Content Officer Michael Casey.
Central Bank Digital Currencies Are Unexpectedly Becoming a Presidential Election Issue
The U.S. has no plans to issue a digital dollar. So why are so many politicians coming out against the idea?
Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary
The machines will be installed in two tranches, one by mid-May and the second by mid-June.
Coinbase Ventures Backs $10M ZkLink Raise Ahead of Mainnet Launch
ZkLink offers a zero-knowledge rollup-backed decentralized trading infrastructure that makes it easier to trade between chains.
Palm NFT Studio Rolls Out Generative Art Tool for Creators
The product plugs into the Unreal Engine, a 3D software tool helping creators build out generative art NFT collections.
Alchemy Ventures Backs $4M Round for NFT Platform Vibe
The no-code NFT-to-product toolset allows creatives to add utility and value to their tokens.
Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust
The attestation service will allow any Optimism user to create digital sign-offs on all kinds of information involving the blockchain’s activities and users.
OpenTrade Raises Over $1.5M for Building Crypto Structured Financial Products
The platform will offer liquidity pools for U.S. Treasury bills, later this year.
Gaming Studio Bitblox to Build On-Chain Games for $68B Online Gambling Industry
Bitblox Games will exclusively build crypto games on the Hxro Network, a Solana-based distributed liquidity layer for betting applications.
U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 Days
Coinbase last week argued that the SEC is providing insufficient regulatory guidance for U.S. companies operating in the crypto sector.
Estate and Legacy Planning for Crypto Assets
Legacy and estate planning is crucial for cryptocurrency holders because, unlike traditional assets, cryptocurrencies are not regulated by centralized authorities, making it difficult for heirs to access them after the owner's death. Proper…
First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike
The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Arbitrum-Based Exchange Chronos Attracts $170M to Yield Pools in a Single Day
The price of the DEX’s native chr token jumped 25% in 24 hours.
North Carolina House Unanimously Votes to Ban Digital Dollar Payments to the State
The U.S. state's House of Representatives voted 118-0 to pass an amended version of a bill that initially sought to ban crypto payments.
Pepecoin Funding Rates Remain Negative as Bears Proliferate
Negative funding rates indicate dominance of bearish positions in the perpetual futures market.
Solana Founder Brushes Off FTX Woes, Remains Confident in Crowded Blockchain Landscape
Prominent projects are porting over to the Solana network and developer activity remains strong, Anatoly Yakovenko said in a CoinDesk TV interview.
Bitcoin's Dominance Rate Surges After U.S. Banking Crisis
Bitcoin's outperformance during the banking crisis indicates the cryptocurrency is the anti-dollar liquid play for investors, one portfolio manager said.
Nigeria Approves National Policy to Create 'Blockchain-Powered' Economy
The policy announcement makes no mention of crypto, which the government cracked down on in 2021.
Supposed AI-Based Crypto Token Using Elon Musk's Image Targeted by Texas Securities Board
Five U.S. states are ordering TruthGPT Coin promoters to stop using images of Elon Musk, CZ and Vitalik Buterin to promote what they describe as an investment scam.
Bitcoin Could Rally 20% to Around $36K: Matrixport
The Fed’s latest interest rate hike may be the last for this cycle, which could set the market up for another strong rally, the report said.
‘WallStreetBets’ Themed Tokens Plummet 90% as Insider Dumps Treasury Holdings
WSB prices fell sharply as the apparent token sale by insiders led to token holders dumping holdings en masse.