CoinDesk Crypto

To hear them tell it, stablecoin issuers’ prayers have been answered.Two of the top 10 issuers hailed this week’s report from the President’s Working Group (PWG) on Financial Markets, which recommended stricter oversight of this mushrooming part of the cryptocur

Today is the fifth day of the civil trial between Craig Wright, chief scientist of crypto research firm nChain, and the estate of Dave Kleiman, Wright’s collaborator and business partner in the early days of Bitcoin. For newcomers to crypto, the name Craig Wright might not

It’s hard to find words to describe the crypto phenomenon that New York is witnessing right now.This week’s NFT.NYC conference, which was first held in February 2019 as a quirky curiosity before an audience of a few hundred early enthusiasts, was spread across six ven

This synergistic energy, brand new to the cryptoverse, has given rise to new ideas, burgeoning partnerships, and perhaps most notably, new buzzwords. So what word will join the list next? Lending. Here's why.

While the lack of financial inclusivity is stark across many continents, fintech is evolving to give communities more opportunities to manage their finance and potentially to fight poverty through better wealth management services.

Now that the former global Bitcoin mining epicenter, China, has cracked down on the cryptocurrency industry, U.S.-based firms have taken the limelight in this lucrative industry, seeing it rise to new heights of profitability.

When I first became aware of cryptocurrencies a little more than a decade ago, no one I knew was investing in them.That changed quickly as people around me began to buy, hold and trade crypto, using trading and custody tools that quickly became more sophisticated and kept changin

The mainstream media has caught on to the latest huge crypto trend, which isn’t a new non-fungible token (NFT) line or a fresh dog token, but small desk tchotchkes made of one of the densest elements humans can safely touch – tungsten. Spearheaded by Neeraj Agrawal at

BitMEX, the Bahamas-based derivatives exchange, is looking to mitigate its environmental footprint by purchasing $100,000 worth of carbon credits. Those credits represent 7,110 metric tons of carbon dioxide emissions, the amount BitMEX figures it’s on the line for through i

A recent rally to all-time highs has sparked yet another wave of interest in Bitcoin (BTC). Logically, much of the renewed emphasis is on Bitcoin as an investment. But BTC is also at its core a digital currency, and with every day that goes by, a growing number of businesses are

The President’s Working Group on Financial Markets wants prudential bank regulators to oversee stablecoin issuers.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editi

Cryptocurrency markets have continued to grow in size and popularity over the past few years, leading some investors to speculate that they are on their way to becoming a mainstream asset class, and others to insist they already are.The infrastructure bill currently before Congre

A new report and recommendations on the regulation of stablecoins issued today by a coalition of U.S. financial authorities is, on the whole, sensible and contains a lot of elements that crypto advocates taking the long view should support. But it strikes a worrying tone of urgen

A group of U.S. regulators urged lawmakers to subject stablecoin issuers to the same strict federal oversight as banks, in a highly anticipated report released Monday.Congress should also require custodial wallet providers to be regulated by a federal agency and limit stablecoin

The big takeaway from Facebook’s disturbing, somnambulant keynote last week is that the company is going all-in on the “metaverse” – a persistent digital layer sitting on top of the real world, accessible via virtual and augmented reality technologies.The

The big takeaway from Facebook’s disturbing, somnambulant keynote last week is that the company is going all-in on the “metaverse” – a persistent digital layer sitting on top of the real world, accessible via virtual and augmented reality technologies.The

There is always the “third coin” in cryptocurrency. This is the rotating coin that occupies the third position in market capitalization behind bitcoin (BTC) and ether (ETH). The third coin is usually characterized as a challenger to the two incumbents. It is favored b

After cooling off in September, stocks surged to new highs in October as the S&P 500 recorded its best month of the year.

There is so much, too much, to be said about Facebook’s announcement yesterday that it is changing its corporate name to “Meta” as part of a refocus on what is, essentially, online virtual reality. Most of what is to be said is really not good for Facebook. This

Twitter and Square CEO Jack Dorsey caused a stir among mainstream economic and political commentators when he tweeted last week about a threat to society from hyperinflation.Hyperinflation is going to change everything. It’s happening.