U.S.-based cryptocurrency exchange Gemini plans to allow users in Colombia to trade crypto through a partnership with its largest private bank, Bancolombia. Starting on Dec. 14, Gemini will allow a select group of Bancolombia’s users to trade bitcoin, ether, litecoin and bitcoin cash through an on-and-off-ramp, Cynthia del Pozo García, Gemini’s principal of strategy and […]
Yes, it’s a Ponzi scheme. But who cares? So are the dollars in your pocket. If you haven’t heard about it, Olympus DAO is a decentralized finance (DeFi) protocol whose primary use case seems to be “making people extremely angry.” Skeptics argue that its core functionality – a staking scheme with an annual percentage yield […]
Continue ReadingCelo (CELO) is a blockchain that aims to tackle one of the key user experience problems with cryptocurrency: confusing public keys. Celo swaps public keys – long scrambled strings of characters used to identify cryptocurrency accounts – with a mobile phone number. That makes sending and receiving cryptocurrency much easier and more accessible for newcomers […]
Continue Reading
Publicly traded companies, large privately held companies and even national governments are stealing the crypto headlines nowadays thanks to their investment in crypto treasuries. MicroStrategy CEO Michael Saylor is the ultimate evangelist for the idea. His company holds over 121,000 of the 21 million bitcoins that will ever exist. That said, substituting cash reserves with […]
Continue ReadingNKN is the native cryptocurrency of the New Kind of Network (NKN), an open-source, peer-to-peer network that allows internet users to share a network connection and bandwidth in exchange for rewards paid in NKN. NKN price The NKN token is an ERC-20 utility token that serves as an incentive and payment system for services on […]
Continue ReadingUMA is the native cryptocurrency of the UMA protocol (Universal Market Access protocol), a protocol that allows users to create their own synthetic assets – digital tokens that represent and track the price of any real-life asset. These tokenized assets are known as “priceless financial contracts” on the platform. UMA price UMA is an ERC-20 […]
Continue ReadingThis episode is sponsored by NYDIG. Today on “The Breakdown,” NLW looks at the dramatic move downward in the crypto markets that started late Friday night U.S. time. He looks at both market structure factors such as low liquidity and thin weekend order books as well as macro factors including, insecurity around the new Omicron variant […]
Continue ReadingThe 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 […]
Continue Reading
The company’s CEO Sam Bankman-Fried will ask investors to purchase shares in its U.S. affiliate, FTX.US, at an $8 billion valuation. Dec 4, 2021 at 7:18 p.m. UTC Updated Dec 6, 2021 at 5:17 p.m. UTC FTX CEO Sam Bankman-Fried (Eva Marie Uzcategui/Bloomberg via Getty Images)
Continue Reading
Austria’s Federal Ministry of Finance hopes to boost confidence in cryptocurrencies by taxing them like mainstream stock and bond investments, according to a Bloomberg story. UPDATE (Nov. 10, 11:41 UTC) Replaces quote from Bloomberg in last bullet with emailed comment from finance minister.
Continue Reading