A New Crypto Bear Market Begins: CoinDesk Quarterly Review 2021 Q2

news Ethereum’s next system-wide upgrade, Istanbul, is scheduled to arrive on mainnet the week of Dec. 4. The decision was made during an ethereum core developer call on Oct. 25. Later on Friday, Danno Ferrin, blockchain protocol engineer at ethereum venture studio ConsenSys, proposed activating Istanbul at block number 9,056,000 in accordance with the targeted…

Put simply: the structure of finance today prevents billions of people from accessing baseline financial services and economic opportunity.Centralized institutions are designed to serve a disproportionate percentage of the population. Consequently, the underserved masses are limited in their access to capital, credit and services. Key, but decades-old, infrastructure like SWIFT and ACH that guide the

Jul 6, 2020 at 13:00 UTCUpdated Jul 6, 2020 at 13:23 UTCLondon (Engel Ching/Shutterstock)A London-based subsidiary of cryptocurrency exchange Kraken has been approved to operate its derivatives platform by the U.K.’s financial regulator. Crypto Facilities, also known as Kraken Futures, announced it had been granted a Multilateral Trading Facility (MTF) license from the U.K.’s Financial…

Nov 18, 2020 at 8:15 a.m. UTCUpdated Nov 18, 2020 at 8:30 a.m. UTCMexico’s Second Richest Man Reveals 10% of His Liquid Assets Are in BitcoinMexican billionaire Ricardo Salinas Pliego just declared 10% of his portfolio is now tied up in bitcoin.Announced in a tweet on Wednesday, Mexico’s second-wealthiest man responded to questions that “many…

Dec 29, 2020 at 8:36 p.m. UTCFormer White House Communications Director Anthony Scaramucci (Chris Williamson/Getty Images)SkyBridge Capital Has Already Invested $182M in BitcoinAnthony Scaramucci’s SkyBridge Capital investment firm has invested $182 million in bitcoin, according to an investor brochure shared with CoinDesk about its forthcoming bitcoin fund. The firm, which has $9.3 billion under management, is…

Among some crypto journalists, there is a sense the ongoing criminal trial of disgraced FTX founder Sam Bankman-Fried may be the last great crypto trial. FTX’s implosion, and the subsequent market contagion and negative feedback loop of media coverage it kick started, has done the blockchain industry irreparable damage. The size of the estimated losses

(Daniel Acker/Bloomberg via Getty Images)Feb 2, 2021 at 9:53 p.m. UTCUpdated Feb 2, 2021 at 10:28 p.m. UTCCrypto Long & Short: GameStop, Dogecoin y un nuevo paradigma de mercadoEs difícil ser justo con el significado e importancia que ha tenido el escándalo de Reddit-Robinhood-GameStop ocurrido la semana pasada. Con esto no quiero decir que no haya…

Mar 23, 2020 at 22:21 UTCBitcoin and Gold: Evaluating Hard-Cap Currencies in Times of Financial CrisisHow would a bitcoin economy react to coronavirus? For now, we don’t know. However, we can turn to a proxy for insight: gold.Bitcoin’s “digital gold” narrative has stuck well, namely because of the cryptocurrency’s low issuance supply schedule and a…

Shiba Inu fell on Coinbase amid a volatile crypto trading session.Such a drop usually occurs when a sell order exceeds the available market depth.Shiba Inu (SHIB) prices briefly fell 50% on U.S. exchange Coinbase (COIN) in early Asia morning hours on Tuesday before returning to normal in an unusual move.SHIB slipped from $0.000044 to $0.000022