BTS Agency Hybe to Set Up Joint Venture on NFTs with Korean Crypto Exchange Upbit

Hybe, the agency behind K-pop band BTS, and Dunamu, the operator of crypto exchange Upbit, have agreed to set up a joint venture to work on non-fungible tokens (NFTs), according to a regulatory filing on Wednesday. The two companies will exchange shares through a third-party allotment capital increase, according to the announcement. Hybe will acquire … Read more

In Craig Wright Trial, Plaintiffs Lay Out Pattern of Fraud, Deceit and Hubris

Attorneys for Ira Kleiman and W&K Info Defense Research, LLC began to paint an unflattering portrait of Craig Wright, his business practices and interpersonal dealings in court Tuesday and Wednesday. It started with former Bitcoin developer Gavin Andresen, who testified that Wright – the Australian computer scientist best known for his much-debated claim to be … Read more

DeFi Tool Snapshot Now Using Colony to Rebalance Power in DAO Voting

This story comes out of PubDAO, a decentralized news wire. In a move that could make blockchain-based voting more transparent and democratic, decentralized voting platform Snapshot—one of the primary tools Web 3 groups use to poll community sentiment—has partnered with blockchain protocol Colony to integrate its DAO reputation system. Governance tokens are the crypto assets … Read more

Binance Is Investigating Squid Game Token, Considers It a Scam

Crypto exchange Binance is investigating the SQUID token crash and considers it a scam, a company spokesperson confirmed to CoinDesk. Binance is exploring options to help those harmed, including “blacklisting addresses affiliated with the developers and deploying blockchain analytics to identify the bad actors,” the spokesperson said.Binance will also provide their findings to law enforcement … Read more

Market Wrap: Bitcoin Holds Above $60K After Fed Taper Announcement

Bitcoin traded in a choppy price range on Wednesday as traders reacted to the U.S. Federal Reserve’s plans to taper its $120-billion-a-month in bond purchases. The unprecedented amount of buying by the Fed as part of its monetary stimulus plan known as quantitative easing (QE) provided a tailwind for financial assets, such as cryptocurrencies, deemed … Read more

Informe de JPMorgan afirma que las CBDC pueden ahorrar a las empresas $100.000 millones al año en pagos transfronterizos

Una red de monedas digitales de bancos centrales (CBDC, por sus siglas en inglés) podría hacer ahorrar a compañías multinacionales más de $100.000 millones por año en costos de transacciones para pagos transfronterizos. Así lo dio a conocer un informe publicado el miércoles por la consultora Oliver Wyman y el banco JPMorgan titulado “Unlocking $120 … Read more

How Yield Farming on Curve Is Quietly Conquering DeFi

Decentralized finance (DeFi) platforms and their associated yields have earned a unique reputation across traditional finance and even the broader crypto market as risky, unsustainable and even Ponzi-esque. Where does the yield come from and how is it 100 times higher than the rates offered from bonds, certificate of deposits or savings accounts? A handful … Read more

CoinDesk Names Kevin Reynolds Editor-in-Chief

No matter what views people hold about cryptocurrencies and blockchain technology, there’s no denying the general public has an insatiable appetite for news and information about this field. That’s why CoinDesk is building the leading global media platform for a rapidly growing digital asset industry, one that will be a vital information resource for all … Read more

Binance Funds $116M Initiative to Grow French Crypto Ecosystem

Crypto exchange Binance and French Fintech, a nonprofit focused on promoting financial technology in France, have launched an initiative to support the development of the French and European blockchain and cryptocurrency ecosystem. As part of the initiative, called “Objective Moon,” Binance will provide €100 million ($116 million) to establish a research and development hub in … Read more

Ethereum, Solana, Polkadot Set All-Time Highs as Crypto Market Tops $2.9 Trillion

Three of the top 10 largest cryptocurrencies by market cap each set a new all-time high price today as recent market momentum continues apace. Ethereum, Solana, and Polkadot each nudged up to new respective peaks, as they’ve done previously in recent days, while the total crypto market likewise set a new record. Ethereum, the second-largest … Read more

Lower Trading Volatility in 2021 Crypto Bull Runs Signals Maturing Market

Bitcoin’s two bull runs of 2021 have differed from those in past years. One key distinction has been decreased volatility expectation. This metric, which shows the cryptocurrency’s expected price swings, did not spike when bitcoin’s price hit record highs in April and then in October, indicating that bitcoin may be evolving into a more mature … Read more

International Cricket NFTs to Hit Flow Blockchain Following $17M Seed Round

Tiger Global led a $17.4 million seed round for Faze Technologies, the company announced Wednesday. Faze, a startup that creates digital collectibles, also announced its partnership with the International Cricket Council (ICC) to launch a cricket non-fungible token (NFT) marketplace on the Flow blockchain, where NBA Top Shot captured mainstream attention earlier this year. Faze … Read more

US Lawmakers Call for Bitcoin Spot ETF in Letter to SEC Chair Gensler

U.S. Reps. Tom Emmer (R-Minn.) and Darren Soto (D-Fla.) advocated for the trading of bitcoin spot exchange-traded funds (ETFs) in a strongly worded letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler on Wednesday. The letter questioned why the SEC is comfortable with allowing a derivatives-based bitcoin ETF but not a bitcoin spot … Read more

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