Justin Sun is a lot like Sam Bankmain-Fried and Do Kwon. All three have outsized ambitions, SEC case files and have gambled with bitcoin. And all three have sat at the top of crypto trading empires that would cause cascading problems across the industry if they were to implode. T
With the Federal Reserve now committed to making monetary policy decisions on the fly, this year’s in Jackson’s Hole may matter more than ever. All eyes are on this resort in the Grand Teton mountains, where the polyester vests are multiple, double entendre
I’m not going to call Roman Storm or Roman Semenov innocent for their work building the now-sanctioned Tornado Cash protocol. I’m not even going to say the two aren’t guilty of the three specific crimes of which they were accused. But I am willing to say the two
On Sept. 1, the U.K. will implement the “travel rule,” an international anti-money laundering law for crypto set by the Financial Action Task Force (FATF).Crypto firms want further guidance and regulatory leeway for cross-border transfers as they work on compliance.U.
On Sept. 1, the U.K. will implement the “travel rule,” an international anti-money laundering law for crypto set by the Financial Action Task Force (FATF).Crypto firms want further guidance and regulatory leeway for cross-border transfers as they work on compliance.U.
News emerged today that Sam Bankman-Fried has settled on a legal strategy ahead of his criminal trial this October, and it amounts to this:The lawyers made me do it.
Right before the volatility in digital assets late last week and the breakout of bitcoin (BTC) to the downside due to rising interest rates and low market liquidity, Javier Milei made global news by unexpectedly winning the Argentinean primary election.A libertarian candidate and
NFL Players Association terminated its deal with Italian collectibles company Panini three years early in favor of rival Fanatics.Panini might chose to keep its NFT markets open, though there probably won’t be a mint happening anytime soon.An escalating legal war between tw
To a casual observer, creating AI-generated art is comically easy. You just use a tool like Midjourney and type in some text, such as “The Beatles playing tennis at the North Pole, in the style of Rembrandt.” Seconds later, voila, art. Or, if not quite “art,&rdq
A federal judge ruled against a group of Coinbase-backed investors and developers last week who alleged the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash. In doing so, he found that Tornado Cash had a DAO that could be sanctioned.You’re read
Payments, especially those across borders, are often touted as a key use case and value proposition for the blockchain industry. Unfortunately, a look at both the technology, competition, and regulatory environment doesn’t really support that idea. And the launch of F
In this article, we will unravel the mysteries surrounding NFTs, shed light on their differences from cryptocurrencies, and share why they are more than just digital images of apes and punks.
It’s fair to say that 2022 was a disappointing year for the cryptocurrency landscape. However, as momentum steadily builds within the industry in 2023, is it finally time for a bull run?
This week, as I travel around El Salvador, I met with two people who are actively working to help increase the speed of Bitcoin adoption and to help foreign investors start Bitcoin-related businesses.The current market price of Bitcoin, approximately $29,500, puts the prospect of
This article is meant to give a little insight into the current headspace at CoinDesk — we’re hoping it becomes a recurring thing. The company recently laid off some of the finest reporters and editors covering crypto, which sucks. No one here is happy.Could things be
Following months of beleaguered financial operations, Nevada-based crypto custodian and digital assets firm Prime Trust has filed for Chapter 11 bankruptcy.
Sadly, I must open up this week’s newsletter on a down note.On Monday, CoinDesk made the necessary but extremely difficult decision to let go of 24 colleagues — the bulk of them from our editorial operations — to reduce costs in the face of a brutally challengin
Coinbase Inc. is the first crypto firm to get the gold-standard registration as a futures commission merchant, even as it remains in a legal battle for its life.The Commodity Futures Trading Commission granted Coinbase the ability to handle bitcoin and ether futures, which is ano
It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?”
As the end of July arrived, House Financial Services Committee Republicans achieved its goal of passing a bipartisan stablecoins bill. Still, they left D.C. without the broad bipartisan vote Chair Pat McHenry had labored to achieve. The session ended with new recriminations over