Before the ‘Bomb’ Hits: Why the Race Is on to Alter Ethereum’s Economics

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is doubling down on his crypto objections in his first remarks following the second recent court setback in his agency’s sweeping legal fight with the industry.After decisions in the Ripple case that energized crypto advocates and the even more pronounced failure of the SEC’s Grayscale bitcoin

news Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market. The exchange announced that it will immediately support dollar trading pairs with bitcoin, bitcoin cash, litecoin and ethereum, as well as bitcoin trading pairs with the other three cryptocurrencies at launch. While ErisX…

Dec 9, 2020 at 5:58 p.m. UTCUpdated Dec 9, 2020 at 6:34 p.m. UTCOKEx pool hashrate since Nov. 2020OKEx Bitcoin Mining Pool Shows Signs of Life After Precipitous Hashrate DropCryptocurrency exchange OKEx is seeing slight signs of activity from its mining pool after losing 99.5% of its hashrate this autumn after the exchange suspended withdrawals…

Options contracts tied to ether (ETH) worth $2.3 billion are set to expire on dominant crypto derivatives exchange Deribit this Friday.Ahead of the pivotal quarterly settlement, the market is witnessing a low spread between Deribit's forward-looking 30-day implied volatility index for ether (ETH DVOL) and bitcoin (BTC DVOL).According to Deribit, the negative spread indicating relative…

A U.S. district judge sentenced Jabara Igbara to seven years in prison.He purported to be a crypto millionaire and targeted Muslims through a company called Halal-Capital LLC.Jabara Igbara, also known as “Jay Mazini,” who claimed to be a crypto millionaire on Instagram, was sentenced by U.S. District Judge Frederic Block to seven years in prison

news “Is it a security? Is it a commodity pool? Is it a payment token? Is it a utility token? It’s a particularly important question … not just domestically, but also internationally.” So said Jeff Bandman, a former fintech advisor at the U.S. Commodity Futures Trading Commission (CFTC), speaking to CoinDesk about Facebook’s Libra cryptocurrency…

news Cryptocurrency exchange BITPoint Japan has said that the roughly 50,000 users who lost funds in its recent hack will be reimbursed in cryptocurrency. The company told reporters in Tokyo on July 16 that customers will receive refunds of crypto on a 1:1 basis, The Asahi Shimbun reports Wednesday. The company’s latest estimate of losses from…

The privacy-centric zcash cryptocurrency just took a small step toward greater decentralization. Revealed exclusively to CoinDesk, ethereum-focused startup Parity Technologies is partnering with the non-profit Zcash Foundation to create the first zcash node software that isn't built or managed by the Zerocoin Electric Coin Company led by Zooko Wilcox. As part of that shift, the foundation is…

news Coinsource, a Texas-based bitcoin ATM operator, announced a partnership with the Maker Foundation to make the Dai stablecoin available on its machines this summer in preparation for the launch of a full remittance service. Coinsource will be updating all of its 230 machines in 29 US states and the District of Columbia to allow…