Bitcoin’s price has risen over 40% this month, reaching a new record of $66,879 on expectations the recently listed ProShares exchange-traded fund (ETF) tied to the cryptocurrency’s futures would bring more mainstream money into the market. Such a steep ascent often has investors assessing whether the party is coming to a close, especially when popular […]
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Animoca Brands, a prominent investor in non-fungible tokens (NFT) and decentralized gaming, has completed a capital raise of $65 million at a $2.2 billion valuation. the company announced Wednesday. The company announced Wednesday that investors in the round include Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T, Token Bay Capital, […]
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The Consumer Financial Protection Bureau wants to see information about the payments products, plans and practices of Google, Amazon, Apple, Facebook, Square and PayPal. Oct 21, 2021 at 3:56 p.m. UTC Updated Oct 22, 2021 at 7:32 p.m. UTC (Shutterstock)
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Ernesto, a gastronomic entrepreneur in Cumaná, a coastal Venezuelan city facing the Caribbean Sea, initially thought that Venezuela’s new digital bolivar — English translation of “bolivar digital” — would be similar to a central bank digital currency. He even started talking with friends in different crypto chat rooms about the announcement, until he understood that […]
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Terraform Labs CEO Do Kwon is suing the U.S. Securities and Exchange Commission (SEC). The builder of decentralized finance (DeFi) platform Terra confirmed he was served with an SEC subpoena at Messari’s Mainnet conference last month, according to a lawsuit filed Friday by both Kwon and Terraform Labs. The matter stretches back to May 2021, when SEC’s Enforcement […]
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A non-fungible barrel of 1991 Macallans scotch set whiskey auction records Friday, nabbing $2.3 million on NFT marketplace Metacask. The sale surpasses the previous cask sale record price of $574,000 for a similar barrel at auction house Bonhams last August. This edition came bundled with digital art from Trevor Jones. A pseudonymous buyer who goes […]
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Some $16 million in cryptocurrency was pilfered in an exploit of a decentralized finance (DeFi) protocol last week, and the victims believe they know exactly who did it. Despite threats from the team, however, the alleged attacker – a Canadian teenaged graduate student – is refusing to return the funds, potentially setting the stage for […]
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk […]
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk […]
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Bitcoin’s price continued to decline on Friday, ending the week down about 2% compared to a 1.7% gain in the ether cryptocurrency. Some traders who went long on BTC ahead of the launch of ProShares’ futures-focused exchange-traded fund (ETF) this week appear to be taking profits. Still, some investors expect pullbacks to remain limited for […]
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