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...
CoinTracker has partnered with a number of prominent blockchain industry firms, opening up its cryptocurrency portfolio tracking and tax reporting product to more users.The Y Combinator-backed firm built by former Google employees was added by crypto derivatives platform ErisX as service partner on Wednesday. That came alongside five...
Bitcoin and ether are trending down as traditional markets closed in the red Wednesday. On a 24-hour basis, bitcoin (BTC) was in the red 4 percent Wednesday afternoon Eastern time and ether (ETH) was down 3 percent. Most other cryptocurrencies were off as well. Notable assets down in the dumps...
The first quarter of 2020 will be remembered as a period when the coronavirus-led uncertainty set off a liquidity crisis in financial markets, forcing investors to sell everything, including bitcoin (BTC).The top cryptocurrency, often touted as a safe haven, fell by 10 percent in the first three months...
Coinbase is putting its digital dollars where the traction is. Announced Wednesday, Coinbase has deposited $1.1 million in USDC stablecoins into the pools powering two of the most popular decentralized finance (DeFi) applications on Ethereum: Uniswap and PoolTogether. The investment comes via the USDC Bootstrap Fund, which the company...
J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog.With the recent collapse in U.S. interest rates, the stablecoin industry is in for a rough ride. Some stablecoin issuers may...
A publicly-listed bitcoin mining operator is set to double the size of its operations in a multi-million-dollar deal, largely funded through a sale of its shares.HIVE Blockchain announced via email this week that it's all set to acquire an existing 30-megawatt (MW) mining operation in Quebec from rival...
An icy mountain in Norway’s Svalbard – an all but inhabitable, Arctic archipelago covered in glaciers and inhabited by polar bears – is an unlikely safe haven for cryptocurrency code, let alone a pillar of modern-day civilization.But it's here, 250 meters underground in a forsaken coal mine, that...
The CTO for Tether and Bitfinex believes the USDT stablecoin can inject much-needed liquidity and stability into the emerging decentralized finance (DeFi) space.Speaking to CoinDesk at the CryptoCompare Digital Asset Summit in London earlier this month, Paolo Ardoino said the DeFi space faced systemic risk if it only...