The court refused to force kidnappers, who stole $900,000 of Bitcoin from the victim, to return the funds A Russian court has denied a request to order criminals to return stolen Bitcoin, claiming cryptocurrencies are not legal tender in the country. The court refused on Tuesday to proceed...
DeFi’s agricultural revolution is spurring growth in decentralized exchanges. Meanwhile, the Bitcoin network experienced its lowest difficulty adjustment in 10 years, clocking a negligible change in mining difficulty today, while a novel legal strategy is bringing an initial coin offering project to court. Here’s the story: You’re reading Blockchain Bites, the daily...
June trading volume on decentralized exchanges set a record high of $1.52 billion, up 70% from May, according to data from Dune Analytics. This double-digit percentage growth is simply “the continuation of a trend dating back to the end of ,” Jack Purdy, decentralized finance analyst at Messari,...
With a historically boring update to bitcoin’s mining difficulty and the digital dollar back in the news, CoinDesk’s Markets Daily is back for your bitcoin news roundup. Bitwise suggests bitcoin could be looking at territory well north of the previous $20,000 all-time high. Bitcoin volatility continues to drop as the...
Cryptography firm Bolt Labs has launched a private payment solution, zkChannels, on Tezos.  The startup is now working with Tezos developer groups Nomadic Labs and Metastate to implement the tech in the next network update.  Similar to the Lightning Network, zkChannels is a payment channel for blockchains but with zero-knowledge...
Bitcoin’s mining difficulty just posted the smallest percentage change in 10 years. The bitcoin network adjusted its difficulty level at 01:18 UTC on July 1 to 15.7842 trillion – down a mere 0.0033% from the previous level of 15.7847 trillion set June 17. The percentage change is small enough...
The Swiss government is encouraging blockchain startups to set up shop with new laws that lower legal barriers to such businesses while leaving favorable tax laws untouched. The National Council, Switzerland’s equivalent of the U.S. House of Representatives, unanimously passed a legislative package changing about a dozen financial laws...
Decentralized cloud computing startup Dfinity has announced that its “Internet Computer” is now open to third-party developers. The firm said in a press release Tuesday that it’s already operating on a “network of independent data centers” across the U.S. and Europe, enabling developers and businesses to build and launch...
Bitcoin price headed for monthly close beneath key level despite increased hodling and reduced on-exchange reserves that point to a bullish signal for the top cryptocurrency Bitcoin price has bounced between lows of $8,800 and highs of $10,450 in June, with traders looking for a monthly close above...
Bitcoin (BTC) is still outperforming the top traditional financial assets so far in 2020 – even after a dour performance this month.  At time of writing (10:00 UTC), bitcoin is trading around $9,170, representing a 27.8% gain on a year-to-date (YTD) basis, according to CoinDesk’s Bitcoin Price Index.  Meanwhile, gold...