Algorand 2.0’s New Non-Turing-Complete Smart Contracts Are a Feature, Not a Bug

For months, Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, have stood at their son’s side as he faced multiple federal charges of fraud, money laundering and campaign finance violations related to the collapse of FTX.This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond.

Binance's expensive deal with U.S. prosecutors this week bears harsh consequences but could leave the world's largest crypto exchange with a brighter outlook going forward.After a months-long investigation by the U.S. Department of Justice, co-founder and CEO Changpeng "CZ" Zhao on Tuesday pleaded guilty to violating federal crimes and Binance cut a check worth $4

Jul 3, 2020 at 17:11 UTCUpdated Jul 3, 2020 at 17:15 UTCFormer U.S. Treasury Secretary Lawrence SummersFormer US Treasury Secretary Larry Summers Expects ‘A Ton of Innovation’ Around StablecoinsFormer U.S. Treasury Secretary Lawrence Summers praised stablecoins, but said he would be surprised if a global digital currency became a reality in his lifetime. During a…

Bitcoin (BTC) is teasing a decent bullish move, having cleared crucial resistance a few hours ago. The leading cryptocurrency moved past $6,400 earlier today, signaling that bearish exhaustion – as indicated by Tuesday's spinning bottom candle – is paving way for a corrective rally. Notably, the positive price action was preceded by a solid defense…

A federal judge has signed off on crypto exchange Binance's $4.3 billion plea deal with the U.S. Department of Justice.During a sentencing hearing Friday, Judge Richard Jones of the U.S. District Court for the Western District of Washington approved the top-line fine itself, though he did not yet sign off on any monitor for the

The capital city of Seoul is in the top tier for regulatory structure and scored high for ease of doing business and digital infrastructure – all criteria in which the government has a strong influence. Its grassroots’ embrace of crypto puts the country within the top 15% of the world in the crypto adoption index.…

markets View Bitcoin’s short-term bullish view remains intact. Daily chart indicators are biased bullish, while the 4-hour chart is reporting a bullish reversal pattern. So BTC could rise to $9,000 in the days ahead. The bullish case would weaken if prices drop below key support at $8,110. Bitcoin (BTC) continues to look north and may…

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 slid toward $62,000 during the Asian and European mornings on Wednesday as part of a broader dip across the crypto market in which tokens lost

Apr 23, 2020 at 13:55 UTCEXCEPTION: Glen Weyl favors “emergent cooperation,” but says the COVID-19 pandemic calls for concentrating power over “a very narrow part of the economy.” (Credit: Christine Kim for CoinDesk)How a Crypto Guru Shaped Harvard’s Roadmap for Reopening the US EconomyAn intellectual firebrand of the Ethereum community has played a key role…