3 Chinese E-Commerce Giants Join Latest Digital Yuan Lottery Trial: Report

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest Prices(CoinDesk)Top StoriesBitcoin treaded water around $40,000 during European trading hours, largely unmoved in the last 24 hours, down around 0.6%. "It's clear the market is steadily recovering

Jul 31, 2020 at 17:36 UTCUpdated Jul 31, 2020 at 18:34 UTCMoney Reimagined: Let’s Be Privacy ScoldsMichael Casey is on vacation this week. The following essay was written by Marc Hochstein, CoinDesk’s executive dditor. Once, I pried into a stranger’s affairs for no good reason at all. This happened almost 20 years ago, but the story…

The U.S. Securities and Exchange Commission (ETF) said recent filings to launch a spot bitcoin ETF are inadequate, reported the WSJ Friday morning, citing sources close to the matter.The news sent the price of bitcoin (BTC) plunging by $1,000, or more than 3%, in the space of a few minutes. At press time, bitcoin was…

news The founders of lending protocol Nuo are launching a “neo-bank” to attract more retail users. Varun Deshpande, Ratnesh Ray and Siddharth Verma – who launched the Nuo protocol in 2018 – are now launching a new digital banking platform called Juno. Juno will be built on top of ethereum, rely on the Nuo protocol…

A&G, a Spain-based banking entity focused on private banking, launched the first crypto fund under Spanish jurisprudence.The firm, with €12.4 billion ($14 billion) in assets under management as of the end of 2022, launched a hedge fund that will be accessible to professional investors, A&G said in a statement released on Monday.The fund managed by…

Jan 7, 2021 at 9:56 p.m. UTCInstitutional interest pushed bitcoin's price to new heights in the fourth quarter.(Shutterstock)Bitcoin Goes Institutional, Ethereum Spreads Its Wings: CoinDesk Q4 2020 ReviewIf the 2020 Q1 was the quarter of market turmoil, Q2 the bitcoin halving and Q3 the explosion of stablecoins and decentralized finance applications, Q4 was the quarter…

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler conceded that the regulator's loss in court over rejecting Grayscale's application for a spot bitcoin exchange-traded fund (ETF) left it little recourse but to approve about a dozen such proposals Wednesday.Gensler called the approvals "the most sustainable path forward" in a statement issued just after the

Nov 27, 2019 at 12:52 UTCUpdated Nov 27, 2019 at 13:18 UTCGhanaian cedis image via ShutterstockGhana May Issue Digital Currency in ‘Near Future,’ Says Central Bank ChiefGhana is joining the ranks of nations eyeing the launch of a central bank digital currency.The governor of the West African nation’s central bank, Ernest Addison, said Tuesday that…

Paul Brody is EY's global innovation leader for blockchain. The views expressed are his own. The Y2K program (does anyone remember that?) came about because software developers assumed, in the early days of computing, that newer, better enterprise systems would come along very soon and that their efficient two-digit date systems would be replaced long…