Bitcoin Dominance Rate Hits 50% For First Time in 2018

news An initiative led by crypto exchanges to categorize digital assets has drawn mixed reactions from leading legal experts and industry players. Coinbase, Kraken, Bittrex and a number of other exchanges announced Monday that they were forming the Crypto Rating Council (CRC) to clarify whether cryptocurrencies are securities. The CRC uses a 1-5 rating scale,…

Electric car maker Tesla (TSLA) took an impairment charge of $51 million in the third quarter to account for its bitcoin holdings.Elon Musk’s electric vehicle company reported no new sales or purchases of digital assets, according to its 3Q earnings presentation. The company currently holds $1.26 billion in bitcoin.Bitcoin gained roughly 30% in the third…

Jun 9, 2020 at 10:00 UTCUpdated Jun 9, 2020 at 14:01 UTCChainalysis said only 0.9% of zcash transactions are shielded, letting it track the other 99%. (Credit: Shutterstock)Blockchain intelligence firm Chainalysis is drawing back the curtain on privacy coins. Chainalysis announced Monday its Reactor and Know Your Transaction (KYT) products can now trace zcash and…

news Hong Kong-based cryptocurrency exchange Gatecoin will shut down and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute with a former payment services provider. Announced yesterday, the company distributed the message to customers via their corporate website. There, the team behind the project explained the suspension of the service occurred…

Get the Latest from CoinDeskSign up for our newsletterBy signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policyPlease enter a valid email addressGet the Latest from CoinDeskSign up for our newsletterBy signing up, you will receive emails about CoinDesk products and you agree to…

Apr 21, 2020 at 17:00 UTCUpdated Apr 21, 2020 at 17:25 UTCCrypto payments for child sexual abuse material is a small, but growing, area. (Credit: Chainalysis)Crypto Payments for Child Porn Grew 32% in 2019: ReportNearly $1 million in bitcoin and ethereum flowed into child pornography-linked wallet addresses in 2019, continuing a multiyear upward trend that…

May 21, 2020 at 16:00 UTCSpoooky! BTC saw a ghost Wednesday and scared the markets. It's CoinDesk's Markets Daily podcast.For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Today's stories:For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Disclosure Read More The leader in blockchain news, CoinDesk…

Sony, the Japanese electronics giant famous for developing the Betamax and Walkman in the 1970s, is now starting its own blockchain. Sony Block Solutions Labs, a joint project between Sony Group and Singapore-based Startale Labs, said Friday it's coming out with a new layer-2 network atop the Ethereum blockchain called Soneium. The news signals that

Jun 20, 2020 at 12:22 UTCPhoto by Jon Moore on UnsplashStefan Loesch is a director and board member of a tokenization firm. He used to serve as a consultant at McKinsey, and as a banker at JP Morgan. He is the author of a book on financial services regulation and a lecturer at the University…