After dropping 13% yesterday, bitcoin is once again on the ascent. Meanwhile, Janet Yellen has offered a more nuanced view of crypto and small Ethereum mining pools are organizing a campaign against a potential network upgrade.Top shelfMiners revolt!Eight Ethereum mining pools amounting to around 30% of the network’s...
Welcome to this week’s Money Reimagined, coming to you two days into a new U.S. presidency. Already, with various executive orders and a host of cabinet and agency nominee names emerging, President Joe Biden has fostered the palpable sense of a slate being cleaned. As for what it means for...
As the Biden Administration gets underway, what can we expect for cryptocurrency technologies alongside an ascendent bitcoin? One day into the new president’s tenure we’ve brought in Kristin Smith, executive director of the Blockchain Association and Amy Davine Kim, Chief Policy Officer at the Digital Chamber of Commerce....
At least one key executive from crypto exchange Huobi is now in custody with Chinese police due to an investigation related to the exchange’s over-the-counter (OTC) trading service, multiple sources have told CoinDesk, giving more credence to rumors that have been circulating on Chinese social media.  The two people,...
Ethereum, the second-largest cryptocurrency by market capitalization, set a new all-time high of $1,439.33. This is the first time the digital asset has been over the $1,400 level since Jan. 13, 2018. Ethereum’s YTD gains now total 66.15% – over 6x higher than the leading cryptocurrency and outstripping...
Sber, Russia’s largest retail bank, has applied for a license with the country’s central bank to issue its own digital token for corporate clients. The digital asset will be available for the companies banking with Sber, which have been expressing interest for blockchain-based deals for some time, a...
Bitcoin (BTC) appeared to stabilize above $31,000 after Thursday’s plunge, the biggest since March. “A break of $30,000 could have been bad news but it managed to turn things round,” Craig Erlam, senior market analyst for the London-based foreign-exchange brokerage Oanda, told clients early Friday in an email. “We...
The fundamental flaws in modern social media infrastructure are nothing new, and nor is the idea of using blockchain and other decentralized technologies to help remedy them. But never before have these issues risen to the fore as they are currently. Never before have so many people been...
Bitcoin’s shorter-term price woes are likely not over yet, analysts say, with one predicting a decline to $26,000.The cryptocurrency fell by 13% on Thursday in a spot market sell-off, hitting a low of $28,845 earlier on Friday, the lowest level since Jan. 4. In the hours since, the...
The U.S. government’s top investments watchdog flagged a series of unregistered cryptocurrency companies for apparently duping mostly international investors with false corporate information.Of the 28 suspect investment firms the U.S. Securities and Exchange Commission (SEC) called out Thursday, CoinDesk found eight that appear to target would-be cryptocurrency investors....