Are there too many cryptocurrencies?
Are there too many cryptocurrencies? Choice can be a good thing — but not all digital assets are born equal.
Crypto
First Mover Americas: Bitcoin Steady at $19K as Traders Wait for Fed’s Decision
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 21, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
From skies to blocks: How an aerospace student became a Web3 entrepreneur
Ahmet Usta went from studying aircraft to founding thriving Web3 startups focusing on gaming and NFTs.
EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA
A leaked draft of the text, reviewed by CoinDesk, shows the rules could apply to fractionalized NFTs.
Blurring the line between crypto and TradFi could redefine global finance
The merging of crypto and TradFi is inevitable, with the latter potentially mitigating the volatility permeating the digital asset industry.
Coinbase Cloud debuts Web3 developer platform
In 2021, Coinbase vowed to become the Amazon Web Services of crypto. Now, it’s targeting Web3 development through Coinbase Cloud.
Tornado Cash is the latest chapter in the war against encryption
Government disdain for end-to-end encryption is nothing new. The effort to kill Tornado Cash is just the latest chapter in this age-old war.
Indonesia Wants Citizens to Steer Local Crypto Exchanges: Report
The rule would require at least two-thirds of directors and commissioners at domestic crypto exchanges to be Indonesians residing in the country.
Digital Dollar Likely Won’t Be Part of Retail Banking World, US Lawmaker Says
A digital dollar, or central bank digital currency issued by the Federal Reserve, shouldn’t necessarily be a retail banking offering, U.S. Congressman Jim Himes tells CoinDesk.
Bitmain Discounts Bitcoin Mining Machines in an Already Depressed Market
Prices for bitcoin mining rigs have fallen by about 70% this year.
Bitcoin ‘nuke’ warning as Fed rate hike decision looms — dollar index hits 20-year high
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000.
How to find NFT metadata on OpenSea and Rarible?
With the right API, contract address and token id, anyone can find NFT metadata on OpenSea and Rarible.
Funko Teams Up With Warner Brothers for DC Comics’ NFT Release
The pop culture brand has been taking steps into the NFT space for the past year through “phygital” – physical plus digital – product releases.
Introducing ‘Women Who Web3’ – CoinDesk’s Newest Podcast
The CoinDesk Podcast network’s latest addition attempts to bridge the gender disparities within the Web3 community as well as celebrate and promote women within the space.
Strengthening Ether-Nasdaq Correlation Muddles Post-Merge Bullish Plays: Cumberland
The Merge has skewed demand-supply dynamics in favor of the bulls. But, the strengthening correlation with Nasdaq means big gains may remain elusive in case of broad based risk aversion.
Evaluating Ethereum: 1 Week After the Merge
From validators to issuance to fees, here’s what Ethereum looks like now that the post-Merge dust is settling.
Digital bank FV Bank integrates USDC stablecoin for direct deposits
Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum.
Iran to Start Testing a Digital Rial This Week
The country’s central bank published a draft document outlining goals and and opportunities for a central bank digital currency in August.
New York Judge orders Tether to document USDT backing
The court accepted the Plaintiffs’ requests to provide “undoubtedly important” documents in the alleged fraud case.
Push to Cut Ethereum Network Fees Opens Funds-Draining Bug in Scaling Tool Arbitrum
The vulnerability would have allowed attackers to steal all ether deposits into Arbitrum after its latest upgrade, known as Nitro.
Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates
The economy has remained stronger than policymakers expected in July. So hawkish risk is that chairman Powell says the inflation fight is still in early stages, implying a higher terminal or peak rate.
Sharding could resolve Ethereum scalability trilemma, says researcher
Scalability trilemma implies that to scale, blockchains usually need to sacrifice one of their three fundamental cornerstones — security or decentralization, or transaction throughput.
Crypto Exchange CoinCorner Eyes Middle East Expansion Via Partnership With Emirates CEO’s Private Office
U.K. crypto exchange CoinCorner is looking to expand across the Middle East through a partnership with the private office of Sheikh Saeed bin Ahmed Al Maktoum, CEO of the Emirates airline and member of the ruling family of the United Arab Emirates (UAE).
Coinbase to hand out ENS usernames to simplify wallet transactions
Users can get a username through Coinbase Wallet’s browser extension and use it to send and receive crypto tokens instead of the traditional address.
Blockchain tech driving institutional-grade solutions: Blockchain Expo Europe
Blockchain Expo Europe 2022 in Amsterdam highlights meaningful strides in enterprise-grade blockchain solutions driven by mainstream institutions.
Ether Funding Rates Revert to Normal Days After Successful Merge
A popular trade drove up funding rates to lifetime highs for ether futures.
Downfall of Canada’s Lambo driving ‘Crypto King’ reportedly sees $35M in losses
Founder of fraud recovery law firm says the only other avenue available for investors would be to make reports to the Ontario Securities Commission or the police.
White hat finds huge vulnerability in ETH to Arbitrum bridge: Wen max bounty?
The ethical exploiter thanked Arbitrium for the 400 ETH payday, but said such a find should be eligible for the max bounty of nearly 1,500 ETH, or $2 million.
Regulatory clarity will drive the next bull run, hedge fund co-founder
As long as the regulation gives an institutional investor a very clear path to crypto, they’ll jump into the space, hedge fund co-founder CK Cheng told Cointelegraph.
Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT
The order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market.