CoinDesk Crypto

The news this week that PayPal (PYPL) will issue a U.S. dollar stablecoin on the Ethereum network has understandably lit up the crypto world, even setting off a minor rally in other tokens. Optimists see it as a watershed moment of validation for blockchain and smart contracts fr

Since the start of the year, I’ve been pre-occupied by a question I can’t seem to get decent answers to. I’ve asked it at conferences, on live panels, on podcasts, and to smart friends over zoom. It’s pretty simple: “If you couldn’t get rich of

Exploiting DeFi protocols has long become crypto’s most popular type of crime, while traditional exchange hacks have become far less frequent. But cybercriminals haven’t lost all interest in the good old digital robbery.The recent hack of a crypto payment processor Co

Here’s some confirmation that crypto isn’t entirely toxic: In the hours after internet payments pioneer PayPal announced a stablecoin on Ethereum, the company’s stock rallied 2%. That may seem a tiny rally for anyone used to triple-digit gains on s**tcoins, but

In September 2021, El Salvador adopted Bitcoin as its second legally-recognized national currency alongside the U.S. dollar. It is the first nation to adopt the “Bitcoin Standard,” serving as a testing ground for other countries looking to adopt the digital currency a

In September 2021, El Salvador adopted Bitcoin as its second legally-recognized national currency alongside the U.S. dollar. It is the first nation to adopt the “Bitcoin Standard,” serving as a testing ground for other countries looking to adopt the digital currency a

So much for pausing development. On Monday morning, it was announced that global payments giant PayPal (PYPL) is launching PayPal USD (PYUSD), a U.S. dollar stablecoin fully backed by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents.There are so many

In a recent interview with the Financial Times, Armstrong claimed that, as part of its battle with the SEC, the agency ordered it to essentially shut down all business activities outside of bitcoin.

The issuance of crypto tax documents – like traditional 1099 forms – was finally required in the law two years ago, but the delay in proposing it may mean it slips another year.The new infrastructure could be difficult for the industry, though it could finally relieve

The blockchain industry has attracted more than its fair share of scammers and fraudsters. The past two years have been especially painful as the collapses of Luna, Three Arrows Capital and FTX have brought the industry to its knees.Thankfully those of us with a long-term vision

I’ve seen a couple articles in the past few days about the death and decay of decentralized finance (DeFi).The impetus has been the recent issues in DeFi caused by an exploit and crypto founder who is a horrible risk manager. In short: The founder of a prominent automated m

Whenever the U.S. credit rating comes into view – as it did with Fitch’s surprise downgrade this week – it’s an opportunity to discuss the connection between money, debt and power and to explore how Bitcoin and crypto could upend those relationships.To sta

Telegram has become the home of a new generation of trading bots that toe the line between convenience and chaos. 

“Just a sec. I gotta make sure I win this digital auction for a super expensive, priceless piece of digital art that I'm hanging in my virtual beach house,” Adam DeVine says at the start of a new crypto ad. “Done! Got it,” he declares before launching into

Most gamers don’t spend much time analyzing why we game and what games we enjoy. In fact, much of the pleasure in gaming derives from the ability to disconnect from the real world. Nevertheless it’s worth asking: What makes gaming fun in the first place?Richard Bartle

We seemingly have an answer to one of crypto’s most enduring mysteries. Ilya Lichtenstein, husband of criminal rapper Razzlekhan (aka Heather Morgan), confessed yesterday to the 2016 hacking theft of 120,000 bitcoins from offshore crypto exchange Bitfinex. But the circumsta

It appears that the split decision in the Ripple ruling created more confusion and ambiguity rather than the clarity that the crypto industry and investors have been hoping for. Is there a way to resolve this confusion and gain clarity?

Tough requirements and high costs for applicants could weed out smaller companies.Platforms are able to serve retail customers, which may give institutional investors more confidence to enter crypto markets.Crypto exchanges may have to shell out as much as $20 million for an oper

SALT LAKE CITY — The way Barrett from Cypher Protocol sees it, Solana’s comeback depends on one thing: tokens.Specifically, new tokens from teams on the Solana blockchain that haven’t issued them before. They’re the key to driving liquidity, trading activi

As the global economy continues to absorb geopolitical tensions, we see increasing speculation that the U.S. dollar’s global dominance could wane, with a steady decline in the dollar’s share of central bank reserves and increasing de-dollarization efforts among BRICS