Bitcoin Drops Below $7K as Traditional Markets Flatline

This was the first thought that crossed the mind of Reetika, a Dubai-based bitcoin (BTC) and crypto trader, during her usual routine of checking prices after waking up.An unexpected and major sell-off in the crypto markets jolted what was an otherwise boring few weeks for crypto and the sentiment was likely shared worldwide among traders…

news Although Libra hasn’t yet officially launched, pundits, politicians, and developers are already weighing in with warnings, celebrations, and memes. US representatives from both sides of the aisle have already chimed in. “Facebook is already too big and too powerful, and it has used that power to exploit users’ data without protecting their privacy,” Representative…

Nike's Web3 community platform .SWOOSH has teamed up with popular online multiplayer game Fortnite to offer a virtual experience that will reward players with digital sneakers. This brings a massive audience for Nike's .SWOOSH with over 240 million users logging into Fortnite in the past 30 days alone."Airphoria," a collaboration between Nike, Fortnite creator Epic…

Aug 19, 2020 at 20:34 UTCPrices for ren, the token for the RenVM DeFi network, surged by more than 100% over the past week. That’s because the total amount of renBTC, a tokenized bitcoin that is locked in RenVM, broke 10,000 on Monday, according to data collected by DeFi Pulse. The total value locked in…

Unpaid social media influencers fall within the scope of U.K. financial advertising rules and may be breaking the law if they fail to get appropriate approval, according to the Financial Conduct Authority (FCA), which gained oversight of crypto promotions with the approval of the Financial Services and Markets Act at the end of June.Influencers who…

Featured SpeakerYat SiuCo-Founder and Executive ChairmanAnimoca BrandsWhere is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global…

XRP and cardano (ADA) prices slid for a second straight day as traders eased off riskier alternative cryptocurrencies, with no major token in the green. Both fell as much as 3%.Losses in ADA came even as on-chain data analytics tool Santiment reported that development activity on Cardano was the highest among all networks in the…

People like to call for the death of decentralized autonomous organizations, aka DAOs, these days. Just like they do for crypto. It is pretty easy to find flaws with groups and money. Especially on the internet.But the real idea behind DAOs is that people don’t need to trust each other to make decisions as a

Dec 10, 2019 at 15:32 UTCUpdated Dec 10, 2019 at 15:32 UTCThis post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. It’s apt that Nic Carter’s favorite book is Candide, a satirical novella published during the age of enlightenment.…