Bitcoin Seesaws Below $28K as Investors Eye Fed Interest Rate Decision
Ether, the second largest cryptocurrency in market capitalization, was recently changing hands at about $1,731, down 3% from Sunday, same time. Other cryptos among the top 25 by market value were largely in the red, with APT, the token of layer 1 network Aptos, and MATIC, the native crypto of layer 2 platform Polygon recently off more than 8% and 6%, respectively. SOL, the token of the Solana blockchain rose slightly.
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The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution
news One company thinks it knows how to get a bitcoin exchange-traded fund (ETF) approved by U.S. regulators. Wilshire Phoenix, a relatively young financial firm in New York, filed to launch the United States Bitcoin & Treasury Investment Trust ETF in May with NYSE Arca. At that point, a dozen bitcoin ETF proposals had already been…

Everything You Ever Wanted to Know About the DeFi ‘Flash Loan’ Attack
Feb 19, 2020 at 22:50 UTCUpdated Feb 19, 2020 at 23:33 UTCAs the name implies, flash loans are paid back quickly – in the same transaction in which they are taken out. (Image via NASA)Everything You Ever Wanted to Know About the DeFi ‘Flash Loan’ AttackThere’s now a case study for how DeFi can go…

Ledn Launches USDC Stablecoin Savings Accounts With Focus on Latin America
May 14, 2020 at 13:00 UTCThe crypto loan startup Ledn, which primarily serves users in Latin America, is now offering USDC stablecoin savings accounts through a partnership with the lending and trading conglomerate Genesis. (Disclosure: Genesis is owned by CoinDesk’s parent company, Digital Currency Group.)Genesis VP of Originations Matt Ballensweig said in a statement his…

CoinShares Adds On-Demand Audit Reports for Its Exchange-Traded Products
(Moreimages/Shutterstock)Digital asset management firm CoinShares said Tuesday it is adding a real-time audit feature to the crypto exchange traded products issued by subsidiary XBT Provider. According to a press statement emailed to CoinDesk, investors will be able to access audit reports for XBT’s bitcoin, ether, litecoin and XRP products. CoinShares said it has partnered with…

Worldcoin Releases Tokenomics, Report Geofenced for Some Countries
The tokenomics of the Worldcoin (WLD) project were released on Monday after the launch of the mainnet, although CoinDesk reporters in four countries had trouble accessing the site.CoinDesk staff using multiple devices in Greece, India, Italy and the U.K. saw a message saying the content, part of the project's whitepaper, was geofenced, when trying to…

A Russian Nuclear Plant Is Renting Space to Energy-Hungry Bitcoin Miners
Jan 8, 2020 at 17:15 UTCUpdated Jan 8, 2020 at 17:16 UTCSergei Nemchenkov, the head of data centers and digital products at Rosenergoatom / Anna Baydakova for CoinDesk UDOMLYA, Russia – A state-owned nuclear power plant in Russia may soon fuel a bitcoin mining hub.Late last month, Rosatom State Atomic Energy Corporation opened a mining…

Transparency for the Whales, Privacy for the Plebs
Depending on your perspective, this week brought a double dose of black pills for those who held out hope of salvaging cryptocurrency users’ privacy – or white pills for those seeking greater transparency for a $1 trillion market.First, Arkham Intelligence, a on-chain data analytics provider, opened an intel bounty marketplace with the express purpose of…

Early Trading Shows Bitcoin Cash Hard Fork May Not Be Divisive
An experimental market on a major crypto exchange suggests that bitcoin cash users may favor the more established version of the software, Bitcoin ABC, ahead of an expected fork this month. Due to the technical design of the cryptocurrency, currently the fourth-largest by market capitalization, bitcoin cash users must "hard fork" the blockchain, or adopt…