Randall Joseph Smail faces up to 30 years in prison for lying to a bank about having $640,000 in bitcoin to get a loan.
When Gyam Queen heard Nigeria would enter a 14-day lockdown, her first thought was about her studies. Queen, who is 26, is pursuing a Hospitality Management course at Wavecrest College in Lagos and aspires to open a restaurant offering Nigerian cuisine. Thanks to a donation from the WONDER...
The Chinese equivalent of Uber will pilot the nation’s digital yuan, a major Ethereum alliance is moving to support DeFi as Nexo gets ready to enter the prime brokerage space with help from Chainlink. Here’s the story: FOMOTikTok videos and a fomenting sense of FOMO have driven trading volumes...
A Colorado company is betting it can make the decentralized web more accessible with a no-frills server you can install in your own home. Start9 Labs’ Embassy server, housed in a Raspberry Pi, sets up its own private internet network and comes with its own operating system as well...
Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. There are 1.7 billion unbanked people around the world, and if you had the chance to ask each and every one of them what...
U.S. sanctions in response to Hong Kong’s national security law – and Beijing’s tighter grip over the city’s financial system – could pose challenges for local crypto brokerage firms.  The U.S. Senate passed the Hong Kong Autonomy Act on Thursday to penalize China for eroding Hong Kong’s autonomy. The...
Bitcoin is looking to leap key resistance alongside a strong rally in gold.  The top cryptocurrency by market value is trading around $9,300 at press time, according to CoinDesk’s Bitcoin Price Index. That’s close to the resistance of a trendline connecting June 1 and 22 highs. A sustained move past...
Crypto lender Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that bring more transparency to its operations. The Swiss lender announced an integration with the oracle provider on Wednesday. Chainlink will provide audit trails for Nexo’s lending and borrowing operations, revealing how the firm handles...
Enterprise Ethereum Alliance (EEA), the business end of the second-largest blockchain, has appointed a new executive director, Daniel C. Burnett. Burnett, who previously worked as a standards architect within Ethereum-focused ConsenSys, wants to widen the EEA’s scope beyond banks and blue chips, to include exchanges. Burnett even aims to...
Bitcoin’s notorious volatility has practically disappeared during the most-recent phase of the coronavirus-induced economic crisis – and that’s now taking a toll on trading volumes at cryptocurrency exchanges around the world. For more than two months, bitcoin has stayed in a range between roughly $8,500 and $10,200, an astonishing...