RGB protocol may offer solution to Bitcoin’s Ordinals jam, claims proponent
Just a moment...
South Korean Politicians Must Report Their Bitcoin Holdings Under New Law
South Korea’s National Assembly has officially passed a bill into law requiring lawmakers and high-ranking government officials to disclose their crypto asset holdings. The new law is a response to a recent scandal involving a politician allegedly violating campaign finance laws using cryptocurrency. The “Kim Nam-guk Prevention Law” According to a report from local news…
Nike OF1 NFT Sale Surpasses $1M Despite Delays, Tech Issues
Nike's .SWOOSH Web3 platform has released its first non-fungible token (NFT) sneaker collection, surpassing $1 million in sales despite persistent delays and technical issues that hindered the user experience.The sale of the highly-anticipated Nike virtual creations began on May 15, nearly a week after their previously-announced start date of May 8. The first round of…
U.S. Presidential Candidate Ramaswamy Takes Potshot at DeSantis Bitcoin Remark
Bitcoin has suddenly found itself at the center of campaign trash-talking and chest-thumping ahead of the 2024 U.S. presidential election.Biotech-entrepreneur-turned-Republican-candidate Vivek Ramaswamy told CoinDesk in an interview that he is the only candidate who understands Bitcoin deeply enough to discuss it intelligently on the presidential debate stage.His remarks came after fellow hopeful and Florida Governor…
DCG Sunsets Trade Execution, Prime Brokerage Unit TradeBlock
Digital Currency Group (DCG), the parent company of CoinDesk, is closing down its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties.The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told CoinDesk in an emailed statement. "Due…
Bitcoin Lingers Below $26.5 Amid Debt Ceiling Worries
The U.S. announced unexpectedly strong unemployment and GDP data, but crypto investors had debt ceiling negotiations on their minds, Thursday.They recently kept bitcoin lingering under $26,500, up about 0.3% but below its most recent nearly two-week-long range between this threshold and $27,500. The largest cryptocurrency by market capitalization has lost some of its 2023 gains…
Etonec and Mina Foundation to Create ZK-Powered Compliance Tool By Year’s End
Crypto payments company Etonec, in partnership with Mina Foundation, will roll out a new zero-knowledge (ZK) proof-powered regulatory compliance tool for the decentralized finance (DeFi) and Web3 spaces, according to a Thursday press release.The tool will begin “address[ing] existing gaps within the privacy and compliance space” by providing know-your-customer (KYC) and anti-money-laundering (AML) services on…
CoinDesk at 10: The Ghost of Libra Lives On
Facebook’s Libra stablecoin was going to let anyone, anywhere, transact money over the internet. A basket of fiat currencies would ensure Libra’s price stability, while a group of 28 varied companies would oversee the project.Libra users wouldn't even need to have a Facebook account to send money, the social media giant revealed in 2019. Libra,…
