Ryan Peterson is general manager for economic policy at the Central Bank of Aruba, where he researches complex adaptive systems theory. The following article, an exclusive contribution to CoinDesk's 2017 in Review, represents his personal opinion and does not necessarily reflect the views of Central Bank of Aruba. Monetary and macro-prudential...
DYdX, an in-development decentralized exchange for cryptocurrency derivatives, has raised an undisclosed amount in a seed funding round. In a Medium post, the startup said that the funding is a notable step in its vision to create the "first ever" decentralized derivatives exchange. Led by Chris Dixon at Andreessen Horowitz (A16z) and...
The price of Ripple's XRP token has passed a dollar for the first time in its history. Currently the fourth-largest cryptocurrency by market capitalization, XRP passed the milestone just before press time, achieving an all-time high of $1.06, as per CoinMarketCap data. The rally in XRP follows months of sideways...
Marc Hochstein is the managing editor of CoinDesk and a former editor-in-chief of American Banker.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. "Neither a lender nor a borrower be." Polonius' advice to Laertes in "Hamlet" might well have been a rallying cry for...
Bank of England (BoE) head Mark Carney said on Wednesday that bitcoin's meteoric price gains do not pose a threat to global financial stability. Talking to British lawmakers in Parliament, Carney said that bitcoin's recent price moves are "significant" and more like an "equity-type risk," Reuters reports. He stated that: "At present, we don't...
Tether, a Santa Monica-based startup that provides a dollar-pegged token, has said it plans to launch a new platform following a claimed security breach in November. In a notice on its website, Tether lists some of the steps taken to recover from the hack that is claimed to have...
Josh Garcia is a fintech and blockchain Lawyer at Cooley LLP, where he helps clients with compliance advice, government enforcement actions and inquiry letters. The following article is an exclusive contribution to CoinDesk's 2017 in Review. The regulators are coming. They have formed committees, subpoenaed documents, studied white papers,...
Two blockchain advocacy groups from Japan and South Korea are combining their efforts in a bid to advocate for wider use of the technology. According to the translated announcement, the Korean Blockchain Open Forum (KBOF) and Blockchain Collaborative Consortium (BCCC) of Japan have been in collaborative talks since November....
Groups affiliated with Islamic extremism are showing an increased willingness to raise funds with bitcoin, according to a U.S. national security advisor. After more than a year without identifying a single instance of a group associated with terrorism publicly using bitcoin to solicit donations, the Foundation for the Defense...
GMO Internet, a publicly listed IT firm in Japan, has officially launched its cryptocurrency mining operation. The mining unit was previously unveiled in September, with a goal of going live with it in the first quarter of 2018. GMO has pursued a number of cryptocurrency-related business lines in the...