Cyptocurrency
Binance marketplace is launching a non-fungible token (NFT) loan feature where digital asset holders can secure ETH loans by using their NFTs as collateral. The new service, called Binance NFT Loan, "will allow people to use blue-chip NFTs to borrow crypto,…
Hong Kong asset management company Metalpha has secured $5 million for its Grayscale-based fund from Bitmain, according to a source close to the company. Metalpha is looking to raise $100 million for the Next Generation Fund I, which it has formed…
Tools for Humanity, the team behind Worldcoin, has raised $115 million in a Series C funding round led by Blockchain Capital with participation from a16z, Bain Capital Crypto and Distributed Global. Worldcoin, a decentralized open source protocol, was co-founded by OpenAI…
The Helium Foundation has partnered with Oxit to create Oxtech Module, a product to connect Internet of Things (IoT) devices to both the decentralized wireless network, Helium, and Amazon Sidewalk. Amazon Sidewalk is a new low-power, nationwide network that uses Amazon…
Bitcoin’s burgeoning on-chain economy is getting its own dollar-backed stablecoin. The new token Stably USD aims to become a go-to currency for traders transacting in the wave of novel assets being built on bitcoin, according to issuing company Stably. The crypto…
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Bitcoin's (BTC) recent price slide may have legs, according…
Bitcoin's (BTC) options market is showing bias for weakness over six months for the first time since early March as the U.S. debt ceiling drama continues. The six-month call-put skew, which measures the difference between what investors are willing to pay…
Japanese cryptocurrency exchange Coincheck's plans to list on Nasdaq via a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV faces a possible further delay. The Thunder Bridge board believes there will not sufficient time to complete the…
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Blockchain network BNB Chain is expected to undergo a network upgrade at block height 29,020,050, estimated to arrive on June 11 at 21:30 UTC, developers released on GitHub. Network improvements typically attract investors and users to blockchain ecosystems as they allow…
The European Union’s financial stability watchdog has said that new regulations may be needed to cover large crypto conglomerates and smart contracts, as it warns that a growing digital asset and decentralized finance (DeFi) sector may come to pose a systemic…
Are smart contracts property? Are holders of a protocol’s token members of an unincorporated association? Is banning open-source software an attack on free speech? Those are the questions before a U.S. court in Austin, Texas, as a lawsuit from a group…
Terraform Labs co-founder Do Kwon will remain in detention while he faces charges of falsifying official documents in Montenegro after a request for bail was approved and later revoked, according to a court statement from Thursday. Although the Basic Court in…
Crypto exchange Bitget will be partnering with custody firm Copper and joining the ClearLoop network, the company said in a statement Thursday. Bitget’s integration with ClearLoop will allow institutional clients of both companies to hold digital assets within Copper’s infrastructure while…
Pixelated pictures of "Pepe the Frog" comics riding spaceships were the latest allure for digital art collectors in the Web3 world. The so-called Bitcoin-based “Space Pepes” collection became the most traded non-fungible tokens (NFTs) over a seven-day period, data from Cryptoslam…
Bitcoin's (BTC) recent price slide may have legs, according to technical analysis by alternative asset management firm Valkyrie Investments. The leading cryptocurrency by market value has declined by 10% to $26,200 this month, thanks to renewed hawkish Fed bets, the recovery…
The attacker behind a takeover of Tornado Cash DAO has apparently started to move their illicitly gained tokens, blockchain data shows. Addresses tied to the attacker moved 100 ether (ETH) and 38,000 torn (TORN) tokens in two transactions using the Tornado…
Crypto consortium Fahrenheit has won a bid to acquire insolvent lender Celsius Network, whose assets were previously valued at around $2 billion, according to court filings made early in the hours of Thursday morning. The group will acquire Celsius’s institutional loan…
The latest contender for the leadership of the Republican Party said he is an advocate for crypto. “The current regime, clearly, has it out for Bitcoin,” Ron DeSantis said during a Twitter space with Elon Musk and venture capitalist David Sacks…
Good morning. Here’s what’s happening: Prices: Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties. Insights: In an interview with CoinDesk, Market maker Flowdesk's CEO sees opportunity in the U.S. A…
Austrian-based crypto exchange and trading platform Bitpanda is teaming with Coinbase (COIN) to connect the U.S.-listed exchange giant with banks in Europe who are looking to offer digital assets to their customers. The just-announced partnership allows Coinbase to use Bitpanda Technology…
The stablecoin market is on track to shrink for the 14th consecutive month, a sign of capital draining from the digital asset space, and a troubling trend for the recovery of cryptocurrency prices. The total market capitalization of stablecoins dropped to…
Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked…
After two weeks of flatlining, crypto markets finally endured a little change of pace as investors spooked by UK inflation and the latest Janet Yellen warning about the U.S. debt ceiling stalemate sent prices reeling on Wednesday. The release of the…
When Washington, D.C., lawmakers tune into their favorite Sunday morning political shows this week, they’ll also get a dose of crypto messaging, thanks to a Coinbase (COIN) campaign that’s part of the next stage in the industry’s attempt to influence U.S.…
Tensions between two popular decentralized financial (DeFi) projects have reached a breaking point as crypto exchange Sushiswap and Ethereum staking protocol Lido await the result of a contentious vote to return stolen crypto to Sushiswap. It’s a situation involving a multi-million…
When he first took office as head of the U.S. Securities and Exchange Commission (SEC) in 2021, Gary Gensler warned crypto projects that he would be skeptical of “decentralization theater.” That’s a category of misleading claims sometimes made by DAOs [decentralized…
Blockchain industry executives often say they idealize “decentralization,” “self-sovereignty” and “trustlessness” – espousing a vision for a future internet and financial ecosystem free of rent-seeking intermediaries and unreliable middlemen. But time and time again, major blockchain companies and projects come up…
After a week of controversy around its new seed-recovery service, French wallet-maker Ledger has been on a PR offensive, including a Twitter Spaces event with Ledger CEO Pascal Gauthier on Tuesday afternoon and appearance by the same executive on CoinDesk TV…
A declining correlation between bitcoin (BTC) and equities is rejuvenating the case for investors to include the asset in a more diversified portfolio, crypto market research firm K33 noted in a report. BTC’s 30-day price correlation with the tech-heavy NASDAQ index…
Web3-integrated browser Brave is embracing non-fungible tokens (NFTs) by introducing token-gated video calls into its user experience. The new tool, added on to its existing Brave Talk video service, allows hosts to use NFTs and POAPS to manage access to calls.…
A Montenegro high court has annulled a decision by a lower court to release Terraform Labs co-founder Do Kwon on bail as he faces charges of attempting to travel with falsified documents, Bloomberg reported on Wednesday. The Basic Court of the…
Digital payments firm Strike has established a new headquarters in El Salvador for its international entity that could serve as a beachhead as it expands to more than 65 countries. But Strike says its primary headquarters is still in Chicago, despite…
The conceptual simplicity of cryptocurrencies drives much of the excitement and adoption of the asset class. Cryptocurrencies are, by and large: digital units of account … that store value … and that can be exchanged for other items of value. Readers…
If you ask a large language model (LLM) like ChatGPT how to choose an LLM, it will give you an answer such as this from GPT-4: “Choosing the best large language model is a lot like speed dating: you ask it…
A company of cybersecurity professionals who specialize in recovering lost or stolen cryptocurrency say they have found a way to hack into the popular Trezor T hardware wallet once it’s in their physical possession. Unciphered told CoinDesk in an extensive series…
The Fantom Foundation – the team developing the Fantom blockchain – removed millions of dollars in liquidity from a trading pool for the native token of Multichain on Wednesday, compounding concerns over the cross-chain bridging protocol’s stability. According to Etherscan, a…
Worldcoin, a crypto project by OpenAI CEO Sam Altman has gained some traction in China, with users rushing to source know-your-customer (KYC) verifications on the black market. Worldcoin’s crypto wallet, World App, is not available in mainland China, according to CoinDesk's…
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Exchange infrastructure provider 0x has released its newest iteration of Matcha, a decentralized exchange (DEX) aggregator, which incorporates several features focused on enhancing the trading experience for users. Matcha rolled out a new transaction mode for users called “Matcha Auto” that…
Crypto exchange Bitfinex has made an undisclosed investment in Chilean crypto exchange OrionX with the aim of expanding its footprint in Latin America, the company said on Tuesday. Founded in 2017, OrionX offers crypto exchange and wallet services in Chile and…
Ava Labs, the company behind layer 1 blockchain Avalanche, is launching AvaCloud, a Web3 launchpad that helps businesses build no-code, fully managed blockchain ecosystems. The AvaCloud product has four main components: an automated blockchain builder, managed validators, comprehensive data tools and…
Voltz Protocol, an automated market maker (AMM) for interest-rate swaps, is bringing one of the stalwarts of traditional finance (TradFi) on-chain. Anyone who can access Voltz will be able to trade products tied to the Secured Overnight Financing Rates (SOFR) –…
New crypto-focused venture capital firm Dispersion Capital has launched a $40 million fund focused on pre-seed and seed investments in Web3 infrastructure projects. Limited partners backing the fund included the venture capital arm of USDC issuer Circle, enterprise-focused crypto firm Ripple…
Tenet - a liquid staking layer 1 blockchain built on the Cosmos network - will team with Conflux and Qtum, two blockchains with a heavy presence in China, to deepen the roots of the liquid staking industry in that country’s markets.…