CoinDesk

Decentralization was proven to be DeFi’s saving grace this year. Shouldn’t protocol governance also be as decentralized as possible?

Crypto marketplaces such as FTX have caused huge losses to users because of the lack of full custody coverage. These issues stem from the way current electronic markets were simply designed as copies of open outcry and paper-based markets – and also, ironically, from the fact that all the major crypto markets were built in … Read more

A former employee of DeFi protocol Ankr maliciously caused a $5 million exploit earlier this month, according to a blog post published on Ankr’s website.

We have elaborated the circuitry of DeFi, and must now realize its potential to replace the oil lamps, hand cranks and steam engines of the present financial landscapes.

A deliberately measured progression in development with at least 3 major themes is the conclusion of the Bitcoin Operations Technology Group.

Sasha Ivanov, the founder of decentralized blockchain Waves, has asked centralized exchanges to deactivate futures markets tied to its native WAVES token.

Peer-to-peer bitcoin (BTC) marketplace Paxful has removed ether (ETH) from its platform, with CEO Ray Youssef describing it as “essentially a digital form of fiat.”

The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 21, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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The European Central Bank’s progress report on a central bank digital currency outlines the role of financial intermediaries.

New relayers and community efforts have contributed to a decline in censorship on the blockchain.

The regulatory environment is not one in which mergers of traditional businesses and crypto-native companies can easily take place, Swyftx’s general counsel said.

India’s central bank Governor Shaktikanta Das has predicted that the next financial crisis will come from private cryptocurrencies if these are regulated and not banned outright.

The publicly traded miner filed for Chapter 11 at Southern District of Texas bankruptcy court.

Mask Network, a protocol that allows users to send encrypted messages and cryptocurrency transfers across social media, has acquired Pawoo.net, one of the largest Mastodon instances, according to a blog post.

A source told CNBC that bankruptcy proceedings would not impact operations.

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The creditor committee expects to hear from Genesis and DCG by the end of the week.

Big Four auditor EY said in a statement that it was “aware” of the bitcoin transactions moving out of Quadriga’s cold wallets.

A hearing in the Bahamas is set for Wednesday morning, reports Bloomberg.

Top assets in the crypto market hold steady. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.

After a series of high profile exploits and indications that blockchain is being used to launder money, the industry and law enforcement have to develop better practices and tools to follow the money.

The move, granted by a British Virgin Islands court in November, allows officials to seek restructuring advice. Auros missed payments on $17.7 million of loans from lending pools on bad debt-ridden protocol Maple Finance.

Digitization protocols making up the DTZ lost a combined 24% over the period.

Among the constituent indexes making up our main market measure (CMIX), the CNE performed worst, losing 35% over the period.

Computing protocols in the index lost a combined 21% over the period, with Mask Network the best performer and JasmyCoin the worst.

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Andrew Thurman breaks down why the largest cryptocurrency exchange by trading volume may be “tremendously well capitalized” but still veers towards financial obscurity.