Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

Social networking app MeWe said it was able to migrate around 170,000 of its users to Web3 while avoiding disrupting their experience in the months following its integration with the Frequency blockchain, according to an emailed announcement shared with CoinDesk on Tuesday.MeWe said at Consensus 2023 in April that it would be adopting the Polkadot

Bitcoin may face selling pressure in the second half of April as the supposedly bullish impact of halving is already well entrenched, Hayes said in a blog post.U.S. tax payments could suck dollar liquidity from the financial system, fueling risk aversion and a fire sale of risk assets, Hayes said.Gear up for some pain in

A serious attempt to bring Ethereum-like smart contract functionality to Bitcoin called OP_CAT has finally been granted a “BIP number:” 347. This is the first step towards actually launching the long-proposed software upgrade.“Getting a BIP number does not signal any sort of consensus on the part of the community," Ethan Heilman, one of the co-authors

news Marco Polo, the trade finance blockchain with more than 20 global banks on board, is piloting its first trading arrangement between Germany and Russia. The pilot announced Friday involves Alfa-Bank and Novolipetsk Steel Company (NLMK) on the Russian side and Commerzbank plus metals engineering firm Vesuvius GmbH in Germany. Marco Polo, a joint undertaking between…

Former FTX CEO Sam Bankman-Fried wants the court to bar "millions" of pages of documents from being used as evidence this late in the case, but prosecutors are countering that he's long had access to them.The Department of Justice is also alleging that Bankman-Fried has potentially mislabeled documents to keep them from being used.Federal prosecutors…

news Jihan Wu, co-founder of crypto mining giant Bitmain, has argued that ASIC miners make blockchain networks more decentralized – the opposite of what is often argued by members of the crypto community. Speaking at a keynote to discuss proof-of-work and decentralization during a blockchain event in Chongqing, China, on Wednesday, Wu told a mix…

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…

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 slipped below $39,000 during the European morning, its lowest level since the start of December, as institutional sales tied to recently launched ETFs continue to

A U.S. judge has shot down FTX founder Sam Bankman-Fried's attempt to subpoena law firm Fenwick & West as part of his criminal defense, a court order from Friday shows.The founder of crypto enterprise FTX – who now faces criminal charges from U.S. prosecutors over the dramatic collapse of the exchange while it undergoes separate…