“Fabric’s VPUs can accelerate the timeline for wider adoption of zero-knowledge technology from three to five years to six to 12 months,” Polygon co-founder Mihailo Bjelic said in the press release shared with CoinDesk. “For Polygon Labs, implementing this tech will massively accelerate the development of the AggLayer, bringing real-time, affordable proofs that nobody thought
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According to the report published Monday, investment fraud was the most pervasive – and expensive – type of crypto-related fraud in 2023. Of the more than 69,000 reports of crypto-related crime the agency received last year, nearly half were reports of investment fraud, and investment fraudsters made off with a whopping $4 billion. And while
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
If granted, the stay would mean Kalshi wouldn’t be allowed to list its election markets until late September at the earliest. The company, which settles trades in U.S. dollars, has been locked out of this year’s election betting boom, dominated by crypto-based rival Polymarket, which is barred from serving U.S. residents under its own settlement
I want to focus on this part, as it raises some interesting regulatory questions. Trump, of course, has spent the past few months campaigning to crypto voters, making promises about installing industry-friendly regulators and making the U.S. the “crypto capital of the planet” in various public remarks.
“For the reasons stated in the Court’s forthcoming memorandum opinion, the Court GRANTS Plaintiff’s motion for summary judgment … and DENIES Defendant’s cross motion for summary judgment,” Cobb wrote. “Defendant’s September 22, 2023 order prohibiting Plaintiff from listing its congressional control contracts for trading is hereby VACATED.”
DeFi, in its current form, has proven that an on-chain financial system can be created that provides all the core primitives that an open, globally accessible, and robust financial system would require: payments, swaps, lending, derivatives, insurance, and much more.
“Although the market liquidity for ETH pairs on centralized exchanges remains greater than what was at the beginning of the year, the liquidity has dropped by nearly 45% since its peak in June,” Jacob Joseph, a research analyst at CCData, told CoinDesk in an interview. “This is likely due to the poor market conditions and
What really makes Max memorable today, and notable for the purposes of NEAR’s rather cringey gambit, is the broadcast that wasn’t supposed to be: the Max Headroom incident. In 1987, an unknown signal pirate hijacked a “Dr. Who” broadcast in Chicago and went on a 90-second nonsensical ramble, all while wearing a Max Headroom mask.
“We are pleased to put this matter behind us,” said Lucas Moskowitz, Robinhood Markets’ general counsel in an emailed statement. “The settlement fully resolves the Attorney General’s concerns related to historical practices, and we look forward to continuing to make crypto more accessible and affordable to everyone.”
“During the Relevant Period, the digital assets traded on the Protocol through the Interface included a limited number of leveraged tokens, which provided users approximately 2:1 leveraged exposure to digital assets such as ether (ETH) and bitcoin (BTC), both commodities in interstate commerce,” a CFTC filing said.
BTC briefly fell to $55,500, its lowest since August 8, to reverse nearly all gains in the past month. The broader market tracked by CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell nearly 6%. Major tokens solana’s SOL and ether (ETH) dropped over 7%, leading losses.
“As compared to other Middle Eastern countries, Qatar’s approach is notably advanced, offering a more structured and clear regulatory environment,” said Navandeep Matta, a senior associate at Kochhar & Co. Legal. “This positions Qatar at par with the UAE’s Digital Assets Framework, establishing a robust regulatory regime that aligns with international best practices.”
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a
CIP-1694, an official “Cardano Improvement Proposal,” describes the new community governance structure and establishes three user-led governance bodies: the Constitutional Committee, Delegate Representatives (dReps), and Stake Pool Operators (SPOs). Moving forward, Cardano’s three founding entities—the Cardano Foundation, Input Output Global (IOHK) and Emurgo—will no longer have the keys to trigger chain upgrades or “hard forks.”
The crypto industry has been begging for issue-specific legislation in the U.S. for years, in the hopes that this legislation may create clear permissions for companies to develop and issue tokens, manage blockchain networks or otherwise operate free of the concern that regulators may come knocking. The closest Congress has gotten so far is the
For cryptocurrencies, the decision cuts Brazilian users off from a platform that has for years served as the industry’s town square. Crypto-supporter Jack Dorsey, who co-founded X when it was called Twitter, has supported two alternative platforms: Nostr and Bluesky, though he’s distanced himself from the latter.
“Trump has been reaching out to the crypto community, and it seems to have paid off,” said Dan Cassino, professor of Government and Politics at Fairleigh Dickinson and executive director of the poll, in a Friday press release. “It might be easy to dismiss them as insignificant, but I don’t think people realize exactly how
Headlining the data next week will be the Friday Sept. 6 Nonfarm Payrolls Report for August. The July jobs report was a weak one and likely was the final straw forcing the Fed’s hand in promising a September rate cut. Currently, however, market expectations are for only a meek 25 basis point cut in mid-September.
“Risk reversals until Oct are still skewed towards puts in both BTC and ETH, indicating that the market remains cautious about the downside,” QCP said. “In the lead-up to next week’s non-farm payroll report, we expect market volatility to continue its downtrend as the market positions itself for potential rate cuts by the Fed.”