Celo, which is ditching its standalone blockchain in favor of a new “layer-2” network atop Ethereum, had originally signaled plans to rely on Optimism’s OP Stack, a similar customizable kit to Polygon’s but using Optimism’s “optimistic” technology.Read More

There’s lots of talk these days about how blockchains can make AI safe for human consumption. But is the idea, widely touted in the crypto community, workable in practice? Jeff Wilser takes a critical look.Read More

Christopher Jensen from Franklin Templeton tackles myths about crypto in the Crypto for Advisors newsletter.Read More

Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.Read More

General Counsel Chris Donovan will assume her role at the organization behind the NEAR protocol.Read More

Once the BOJ begins policy normalisation, yen carry trades may unwind quickly, leading to increased cross-asset volatility.Read More

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Read More

The EU’s landmark Markets in Crypto Assets law, MiCA, takes effect next year, but it’s not clear how it will apply to foreign or decentralized issuersRead More

Mike Novogratz’s firm has appointed Leon Marshall, its existing global head of sales, as its first European CEO.Read More

“We still believe that the chances of further declines are higher for now,” one analyst said.Read More

FTX founder and onetime CEO Sam Bankman-Fried will stand trial in just under two weeks to defend himself against allegations he deliberately committed fraud and conspired to defraud crypto investors and customers in FTX and Alameda Research. CoinDesk spoke to several legal experts about how the case may proceed.Read More

Rumors of Mt. Gox mulling a delay have been doing the rounds and likely catalyzed the recent bitcoin price bounce.Read More

An ex-Alameda employee claims a trader at the firm punched in a wrong decimal which led to bitcoin’s 87% drop on Binance.US in 2021.Read More

The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.Read More

The foundation behind layer 2 blockchain Optimism has sold 116 million OP tokens ($157 million) to seven separate purchasers, according to an announcement on the Optimism governance website.Read More

The defunct crypto exchange has delayed the deadline for repayments to Oct. 31, 2024.Read More

The IMX-Korean won pair listed on South Korea’s leading exchange Upbit accounted for nearly 20% of the 24-hour global trading volume.Read More

Republican presidential candidate Vivek Ramaswamy will release a crypto policy paper.Read More

A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress.Read More

The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank’s next policy meeting in November.Read More

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Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.Read More

Maker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, is nearing its highest price since last May, buoyed by rising protocol profits and large investors accumulating the token.Read More

Explosive Ethereum growth is on the way, with layer 2s like Arbitrum, Optimism and now Base paving the way, Michael Nadeau of The DeFi Report writes.Read More

Why all the excitement about spot bitcoin ETFs? Well, a gold ETF was a huge deal for markets, and people wonder if $BTC might be next.Read More

His planned exit follows that of the deputy CEO Noah Sharp in June.Read More

The infamous balance sheet of Sam Bankman-Fried’s trading firm, Alameda Research, served as the basis for a Nov. 2, 2022, story by CoinDesk’s Ian Allison. The article raised questions about how sturdy the company’s financial underpinnings were – and, by extension, how safe Bankman-Fried’s better-known crypto exchange FTX was. For the protection of our sources we are not publishing the document itself but rather describing its contents – in finer detail than ever before.Read More

In an exclusive interview, Antonio Juliano, founder of dYdX (and a former Coinbase software engineer), discusses his project’s move to build a new layer-1 blockchain using Cosmos technology.Read More

The crypto held in overseas accounts for about 70% of all assets held outside the country.Read More

GammaSwap developers say it’s the first application to allow Arbitrum users to hedge against supplied liquidity by letting them go short on those positions.Read More

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 20 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Read More

The world’s largest cryptocurrency generally outperforms in the fourth quarter, returning on average more than 35% over the past nine years, the report said.Read More

The bill requires companies to assess the likelihood that children will encounter harmful content in virtual worlds and have measures in place to mitigate such risks.Read More

“All financial markets have taken a wait-and-see approach ahead of monetary policy decisions in the U.S., Switzerland, the U.K. and Japan,” one analyst said.Read More

On-chain data appears to show the attacker has stolen over $200,000 from users.Read More

URLs are the pathway to the internet. While top domains might fetch in the hundreds of millions, they are still auctioned off like it’s the twentieth century. Here’s how web3 can change that.Read More

Sestagalli’s previous Avalanche projects created a cult-like following in the 2021 bull run under the “frog nation” moniker.Read More

The Fed will announce its rate decision on Wednesday at 14:00 ET. The way bitcoin options are priced suggests the cryptocurrency may not move more than 3% by Friday.Read More

Stanford University will be returning “gifts” it received from FTX, allegedly orchestrated by Sam Bankman-Fried’s parents, according to a Bloomberg report.Read More

The company filed for bankruptcy in August.Read More

The recent decline in the ETH/BTC ratio continues a trend that began more than a year ago.Read More

The Fed on Wednesday is widely expected to hold rates steady, but investors will monitor new economic projections and Chairman Powell’s press conference for clues about the direction of future policy.Read More

The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head of the agency’s Crypto Assets and Cyber Unit.Read More

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The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this month.Read More

As legal challenges against Binance mount, the average spot BTC trading volume on the platform has decreased 57% since Sep. 1Read More

The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.Read More

History suggests that, slowly but surely, all layer 2s will migrate to the Ethereum, says EY’s Global Blockchain Leader.Read More

The one-time crypto exchange executive has made several arguments to get out of jail before his trial.Read More

Binance says Paysafe gave it short notice that a “very small portion” of European users will be subject to an earlier closure before the payments provider pulls support for the exchange on Sept. 25.Read More