CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup.In the year 1730, the Irish-French economist Richard Cantillon described the uneven effect of newly issued money as it enters society....
The fintech arm of China’s largest insurer and a logistics conglomerate are teaming up to develop a blockchain-based information-sharing platform for one of the country’s biggest trading hubs.  OneConnect Financial Technology, which is the fintech arm of China’s largest insurance company, Ping An Insurance, has entered into a joint...
Bitcoin mining machines are on sale.Last month’s crash in cryptocurrency prices has prompted manufacturers to sell inventories at a discount, in some cases as steep as 20 percent, over the past few weeks. Both the newest models and slightly older machines have been marked down.Complicating the matter is...
The National Internet Finance Association of China (NIFA), a major Chinese financial watchdog, warned investors of rising risks in crypto investments.While manipulation is a longstanding concern for crypto investors, NIFA's warning is notable for also pushing back on the narrative of digital currency as a safe haven during...
The coronavirus crisis will certainly have lasting impacts, but some measures may prove less harmful than others. While countries like Israel and China implement coronavirus emergency measures that digitally track civilian location data and health records, an entrepreneur in Honduras developed a blockchain-powered equivalent with an acute focus on...
Brazil’s financial regulators launched an information-sharing blockchain platform called PIER on Wednesday.  At launch, the blockchain pulls data from three of Brazil’s four major financial institutions: the private insurance superintendent (SUSEP), the Banco Central do Brasil (BCB) and securities regulator (CVM), PIER’s main backers. Social security supervisor PREVIC also...
While traditional markets continue to flail, bitcoin (BTC) and crypto in general are showing surprising resilience and attracting new audiences.The economic outlook is grim. The jobless claims keep piling up and even the most intransigent states are shutting down business. There isn’t - yet - a realistic plan...
Bitcoin (BTC) suddenly rallied Thursday after weeks in the doldrums, trading above $7,000 for the first time since March 11.The bellwether cryptocurrency was up nearly 15 percent in the last 24 hours to $7,102.78 as of 17:50 UTC – with most of those gains made in just the...
With a forthcoming product that may entice more decentralized finance (DeFi) players to incorporate bitcoin-backed tokens, Thesis has closed a $7.7 million deal by selling its Keep tokens to some of crypto’s top investors. Announced Thursday, Thesis will shortly debut TBTC, a trustless platform for making bitcoin-backed tBTC tokens...
With a forthcoming product that may entice more decentralized finance (DeFi) players to incorporate bitcoin-backed tokens, Thesis has closed a $7.7 million deal by selling its Keep tokens to some of crypto’s top investors. Announced Thursday, Thesis will shortly debut TBTC, a trustless platform for making bitcoin-backed tBTC tokens...