In April 2020, at the height of the first wave of the coronavirus pandemic, Silicon Valley heavyweight Marc Andreessen published a call to action for the innovators and dreamers of the world: “It’s time to build.” The U.S. seemed to be in dire straits, according
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks the cryptocurrency industry is playing a game with his agency. He has said that companies are well aware of what they have to do to operate legally within the U.S. but they’ve decided not to do it &ndas
Perhaps the most important sign of resilience in Web3 is the fact that builders remain unfazed by current market conditions. After the recent hype fizzled out and the illusion of infinite money evaporated, most developers have stayed around, proving there are important, real-life
Yes, bear markets are for BUIDLing in crypto. Yes, I am bullish on 2023 being the year more builders start to impact the real world through the growing interest in bringing real world assets (RWA) on-chain and, importantly, the explosion of interest and projects in the regenerati
At the end of January, the Hong Kong Monetary Authority (HKMA) indicated it may require firms to keep to their principal business and have a locally incorporated entity in Hong Kong if they want to obtain stablecoin licenses, according to its consultation conclusions.The HKMA&rsq
The news that Ian Allison and Tracy Wang are joint recipients of a Polk Award, one of the most prestigious in journalism, for three November scoops that led to the unraveling of FTX’s empire is a source of immense pride for all of us at CoinDesk.This is a milestone, not onl
Let me posit two reasons why, over the past month, bitcoin has surged to its highest level since mid-August and outperformed every other major asset in both crypto and traditional markets.Together, they highlight the unique advantage that Bitcoin draws from its status as the olde
The U.S. Securities and Exchange Commission late Thursday released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs, the so-called "company" Kwon founded to develop the Terra blockchain. Broadly, the SEC alleges that Kwon and others “
Last year, failings at crypto issuer Terra ricocheted across the crypto ecosystem, ultimately claiming crypto exchange FTX, a giant in the space. This investigation of court records shows how the millions – if not billions – of dollars’ worth of exposures among
Hong Kong is warming up to crypto, and a licensing regime for Virtual Asset Service Providers (VASP) – the local term for crypto exchanges – kicks in on June 1.Does this mean crypto is going "fully legal" in the city for everyone, as a tweet suggests? Not at all.
The U.S. has been busy cracking down on crypto firms these past two weeks, but on the other side of the pond the U.K.’s financial regulator has barely moved an inch. It may, however, just be the calm before a storm.The U.S. Securities and Exchange Commission has not been sh
On Wednesday, Feb. 15, non-fungible token (NFT) marketplace Blur overtook OpenSea in daily Ethereum trading volume, according to data analytics platform Nansen.ai.Other data aggregators point to Blur's steady rise over the past month. A Dune dashboard created by data scientist Hi
In his immediate response to media queries, the former dean of Stanford’s law school, Larry Kramer, gave a very personal explanation for why he’d pledge $500,000 to get Sam Bankman-Fried out on bail. Kramer, along with Stanford computer scientist Andreas Paepcke, were
Bitcoin's (BTC) price movement is on fire, and it is now testing a significant level of resistance that may open the floodgates for bulls and propel the BTC price far higher.
Stock market returns are overwhelmingly driven by a small group of winners. We expect the same trend in digital assets.Between 1926 and 2016, just five out of 25,300 publicly traded companies drove 10% of the entire U.S. stock market’s $35 trillion of total wealth creation:
There are three things commonly known about Sam Bankman-Fried. The first is he led one of the biggest derivative cryptocurrency exchanges in the world. The second is he will be tried for eight counts of money laundering, financial and elections fraud.Together, these charges &ndas
Dutch prosecutors investigating Tornado Cash developer Alexey Pertsev have recently gained access to his laptop, and are now using the data to probe key features of the case including whether he personally profited from the privacy service.An otherwise largely procedural hearing
They say time moves faster in crypto, and I’m not sure anyone feels that more than we journalists. We’re tasked with keeping track of more or less everything that’s going on, and tuning out for even a few days can leave you feeling so behind there’s no hop
Brian Armstrong is wrong: Staking is a security and the U.S. Securities and Exchange Commission (SEC) just proved it. He just misunderstood their position. This is where the lack of understanding of regulations on the crypto side is starting to get concerning. If we saw the same
This week, Glenn Williams Jr. taps his equity research analyst background – the land of price-to-earnings ratios and other valuation techniques – to sort out whether bitcoin is under- or overvalued.Then, Jennifer Murphy, the CEO of Runa Digital Assets, puts digital as