For Enterprises, Privacy Is the Critical Blockchain Feature

By |2022-01-26T12:03:28-08:00January 26th, 2022|Bitcoin, Blockchain, Ethereum, Exchanges|

Blockchain privacy is really hard.Central to the magic of blockchain technology is the consensus algorithm, the tool that maintains the validity of the entire network. The simplest way to understand a consensus algorithm is that it involves everyone being able to check everyone else’s work. Zero-knowledge proofs (ZKP) are an almost magical form of math [...]

FTX US Attains $8B Valuation in $400M Fundraise Including SoftBank, Temasek

By |2022-01-26T06:03:20-08:00January 26th, 2022|Exchanges|

Sam Bankman-Fried is raising an army of FTX unicorns.FTX US, the crypto trading giant’s stateside wing, on Wednesday said it raised $400 million at an $8 billion valuation – one of the industry’s largest Series A rounds. Its eponymous parent company commanded a $25 billion valuation last October.The staggering sum adds fuel to one of [...]

Money Laundering Picks Up Steam on DeFi Protocols: Chainalysis

By |2022-01-26T06:03:18-08:00January 26th, 2022|Blockchain, Ethereum, Exchanges|

Money laundering through decentralized finance (DeFi) protocols is gaining popularity with cybercriminals, according to new research from blockchain analytics firm Chainalysis.Cybercriminals laundered at least $8.6 billion in cryptocurrency in 2021, the firm said in research published Wednesday – a 30% jump in money laundering activity from 2020. Decentralized protocols received 17% of crypto sent by [...]

Coinbase Shares Are Very Unattractive Heading Into First Half, Mizuho Securities Says

By |2022-01-26T06:03:16-08:00January 26th, 2022|Bitcoin, Exchanges|

Renewed signs of a “crypto desert” coupled with declining yields make Coinbase especially unattractive heading into the first half of this year, Mizuho Securities said in an analyst report published Tuesday, cutting its price target for the shares to $220 from $300.Mizuho forecasts the crypto exchange had trading volume of about $525 billion in fourth-quarter [...]

Fake Grimacecoin Jumps 285,000% After McDonald’s’ Tesla Joke

By |2022-01-26T00:04:14-08:00January 26th, 2022|Blockchain, Ethereum, Exchanges|

A token created after a McDonald’s joke tweet surged as much as much 285,641% in a few hours as opportunistic actors jumped at the chance to make cash in a tepid crypto market.“Only if Tesla accepts grimacecoin,” said McDonald’s on Wednesday morning, referencing its purple mascot fashioned after a tastebud. That tweet was in response [...]

Diem Mulling Sale of Assets to Pay Back Investors: Report

By |2022-01-25T18:03:17-08:00January 25th, 2022|Exchanges|

The Diem Association, the Meta Platforms (formerly Facebook)-led group behind the creation of a stablecoin, is considering the sale of the project's assets to return money to investors, Bloomberg reported on Tuesday, citing unnamed sources. The group has been speaking with investment bankers about selling Diem's intellectual property and helping the developers of Diem technology [...]

First Mover Asia: Bitcoin Nears $37K Amid Lighter Trading

By |2022-01-25T18:03:14-08:00January 25th, 2022|Bitcoin, Blockchain, Ethereum, Exchanges|

Good morning. Here’s what’s happening:Market moves: Bitcoin led a broader market stabilization with reduced spot trading volume.Technician's take: A decisive break above $40K BTC is needed to pause the downtrend from November.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $36,971 +1%Ether (ETH): $2,460 +1.3%Top gainers Asset [...]

Syndicate Launches Tool for Spinning Up DAOs With Legal Docs

By |2022-01-25T12:03:29-08:00January 25th, 2022|Blockchain, Ethereum, Exchanges|

Spinning up a cryptocurrency-fueled investment community in the form of a decentralized autonomous organization (DAO) should be as easy as creating a group chat.That’s according to Syndicate Protocol, a decentralized investment platform tapping into the power of social networks, which announced on Tuesday the beta launch of its first crypto-native investing tool: Web3 Investment Clubs.The [...]

BSN Introduces NFT Infrastructure Platform in China

By |2022-01-24T18:02:55-08:00January 24th, 2022|Blockchain, Ethereum, Exchanges|

The Blockchain-Based Service Network (BSN), China’s state-sanctioned blockchain infrastructure project, said it is releasing its platform for non-fungible tokens (NFT) in the country today.The BSN-Distributed Digital Certificate (BSN-DDC) network is a structure for building NFTs that is compliant with Chinese regulations, the organization said in a press release. Authorities in China discourage public networks like [...]