Marc Hochstein is the executive editor of CoinDesk. This week has brought what many would call the blogosphere’s equivalent of the torching of the Library of Alexandria as an unintended consequence of an outdated media practice. Scott Alexander, the perspicacious polymath behind the influential blog Slate Star Codex, deleted all his posts – seven years’
The Status Keycard now works with Android smartphones to make mobile apps more secure. Status, the Ethereum-based messaging company, has expanded the use case for its Keycard, a hardware wallet first announced in February 2019. It now works with Android mobile devices using much the same security technology as that found in modern credit cards.
UnionBank of the Philippines has built out a network it says will make it easier for people without access to financial services to receive money from abroad. The bank – the country’s tenth largest by assets – announced on Tuesday that it’s launching 11,000 cash-out remittance counters across the archipelago, including in rural or remote
Handshake set out to disrupt the World Wide Web of internet names. Now it’s looking to reinvent browsing. Today, as the Handshake Network records its 1 millionth transaction, HandyBrowser will go live. It’s a dedicated way to access the uncensorable internet ecosystem made possible through the distributed Handshake Network, as well as anything else you
Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter. Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
New Zealand police have seized $140 million in bank funds linked to Alexander Vinnik, a Russian alleged to have been the controller of the now-defunct BTC-e cryptocurrency exchange. The seizure of funds, which were controlled by a New Zealand-registered company, is said to be the largest in the country’s history by federal police. The force’s
One of the things I most enjoy about working in the crypto sector (apart from my awesome colleagues and the constant flow of fascinating change) is the level of debate. I’m not being sarcastic – there are many takes I strongly disagree with, but when they are put forward by people with rational and inquisitive
The best Sundays are for long reads and deep conversations. Recently the hosts of the Let’s Talk Bitcoin! Show gathered to discuss the big picture problems facing our world which make things like Bitcoin distinctly appealing despite many inefficiencies when compared to traditional, centralized money systems. Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh
An economic comparison of where boomers were at the same age as millennials leads to only one conclusion: Millennials are screwed. The big narrative in financial media for the last few weeks has been the insurgent Robinhood rally, led by the AC/DC-blaring Pied Piper Dave Portnoy, owner of Davey Day Trader Global Global (DDTG Global).
Compound overtook MakerDAO Saturday as the decentralized finance (DeFi) protocol with the most value locked. As of June 20, Compound has $484 million in cryptocurrency locked, while MakerDAO has $481 million, according to DeFi Pulse. The COMP token is trading at $220.25 as of this writing, according to CoinGecko. It’s all time high price has
The Bank of Thailand is developing a prototype payments system which would rely on a central bank digital currency (CBDC). The central bank announced Thursday that it would target businesses, and would design a payment system that could be integrated with the procurement and financial management system of Siam Cement Group, Thailand’s oldest cement manufacturer,
U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton may be the next U.S. Attorney for the Southern District of New York. According to a Department of Justice press release published late Friday, Clayton has been nominated by U.S. President Donald Trump to helm the prosecutor’s office, three years after he first took on the
Racial diversity and financial inclusion are good for cryptocurrency and blockchain – and the industry has work to do. That was the overarching conclusion of a virtual Juneteenth event put together by Cleve Mesidor, founder of the National Policy Network of Women of Color in Blockchain. Juneteenth is the celebration of June 19, 1865, when the
If, in the compressed time of blockchain existence, the “crypto winter” of 2018-2019 was Ethereum’s Dark Ages, then we’re now in its Renaissance. But it’s an open question whether the blockchain platform and its enthusiastic community can take the wider world into the next era: the decentralized equivalent of the industrial revolution. As Ethereum prepares
After two years of development, one of Japan’s largest investment banks has finally entered the digital asset custody business through a joint venture with two cryptocurrency startups. Komainu, a venture between Nomura Holdings, CoinShares and Ledger, officially launched Wednesday. Based in the U.K.’s Jersey Channel Islands, the new business serves as a custodian and provides
It’s a lethargic Thursday across most markets, including bitcoin. Yet, on a longer-term view, the big growth story remains the Ethereum network’s DeFi movement, which continues to help drive ether’s performance in 2020. Bitcoin (BTC) was trading around $9,395 as of 20:00 UTC (4 p.m. ET), gaining 0.97% over the previous 24 hours. At 00:00
Coronavirus is ravaging the globe, canceling presidential primaries in the U.S. and calling into question the wisdom of having lawmakers, many of them elderly, sitting close together as votes are held in Congress. Lawmakers, especially Democrats, have sought to expand mail-in voting, and perhaps give some voters the opportunity to vote digitally through their laptops
Russia’s new draft bill prohibiting crypto operations in the country has again suffered a less-than-glowing review from an arm of government. The nation’s Ministry of Justice opposed the draft new regulation Tuesday, a week after the Ministry of Economic Development also criticized it. The bill was introduced by lawmakers in March but is broadly believed
Fans of South Korean professional soccer will now be able to collect and trade digital tokens representing league players and use them to play fantasy soccer games run by the firm Sorare. The South Korean soccer association K League announced a licensing agreement with the blockchain enabled fantasy soccer platform on Wednesday. The agreement gives
With Ethereum logging it’s busiest week on record and the number of bitcoin whales headed up, CoinDesk’s Markets Daily Bitcoin news roundup is back! Today’s stories: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is