Bitcoin Price Hits One-Week Low In Drop Below $8K

news Azarus, a blockchain game developer, raised $1.8 million from several crypto VC funds including Galaxy Digital (via its Galaxy EOS VC Fund), Kleiner Perkins and SVK Crypto. The money will fund Azarus’ efforts to build out its game network “smart challenge,” a proprietary Twitch plug-in built on the EOS blockchain, which allows users to compete…

feature Can a logo symbolize the ethos of a project? An industry? An entire movement? This is perhaps too much meaning to attribute to any one design, but if any logo has come close to the task, it’s that of bitcoin. Belonging to no corporation, no in-house graphic design team at a shiny Silicon Valley…

news A cryptocurrency exchange claiming to settle bitcoin futures contracts physically just landed $10 million in financing from Polychain Capital and Bitcoin.com chairman Roger Ver, among others. The exchange, CoinFlex, launched in February of this year and says it is the first exchange to close futures contracts in bitcoin as opposed to a cash settlement. Speaking…

Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or…

news Members of ethereum’s open-source development team have reached agreement on an activation time for Constantinople, a proposed code change designed to give users the option to update the blockchain with additional features. Speaking at a bi-weekly core developer meeting Friday, the developers assembled agreed on block 7,080,000 on the ethereum blockchain as an activation…

Officials from the Internal Revenue Service and the U.S. Treasury were interested in how the industry might self-identify assets that have nothing to do with finance and whether stablecoins should be left out of the proposal.After an incredible 124,000 comments have come in on the IRS proposal, the window closes Monday, beginning the final months

news The Web3 Foundation is studying how to adopt blockchain startup Kadena’s Pact smart contract programming language for the Polkadot ecosystem. The two organizations signed an agreement to kick off a research project studying how Pact can be integrated into different blockchain platforms, beginning with Polkadot, Kadena announced on Tuesday at CoinDesk’s Invest: NYC event.…

Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.Using distributed ledger technology (DLT) in securities markets could create savings north of $100 billion per year, a report produced by a major traditional-finance lobby group has said.In a report published Tuesday evening, the Global Financial Markets…

Coinbase (COIN) topped analyst estimates for the third quarter on earnings and revenue, while falling short in total trading volume expectations.The crypto exchange reported a third-quarter adjusted loss of $0.01 per share, compared to FactSet estimates for a loss of $0.55 per share, marking it the third consecutive earnings beat for Coinbase. Total revenue for