Chinese Bank Issues Securities Worth $66 Million on a Blockchain

Crypto markets took a sizable gut punch over the weekend, sending investors' sentiment to the basement from euphoric highs only a few weeks ago.Bitcoin (BTC) tumbled below $62,000 on Tuesday, lower by more than 15% from its latest record price above $73,000, while altcoin darlings solana (SOL), pepe coin (PEPE) and dogwifhat {{WIF}} suffered 40%-50%

news EnCirca, an internet domain registrar, is launching an ethereum naming service (ENS) to provide domain names at .eth locations. The firm is in the pre-registration phase and will accept domain applications until August 10. Similar to the domain name system (DNS) currently in play on the web, ENS will link to alphanumeric ethereum addresses…

news Chuck Kimble, head of financial institution (FI) partnerships at Circle, has left the company for a similar role at another blockchain startup, Celo. As Celo’s new head of strategic partnerships, Kimble will be helping the digital payments company “to bring better financial products to emerging markets and under-served populations around the world,” the company…

May 11, 2020 at 21:57 UTCHut 8 Mining Revenue Continues Decline in Q1Hut 8 Mining, one of Canada’s largest mining operations, reported less-than-stellar first-quarter 2020 earnings Monday, the same day as the bitcoin halving.Earnings lowlights included falling revenue, decreased adjusted EBITDA margin and increased collateral requirements on debt.For the third consecutive quarter, revenues declined; this…

A federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign

CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).Meme coin shiba inu (SHIB) continues to see outsized gains among the CoinDesk 20, more than doubling in value so far this week and now up nearly

Voltz Protocol, an automated market maker (AMM) for interest-rate swaps, is bringing one of the stalwarts of traditional finance (TradFi) on-chain.Anyone who can access Voltz will be able to trade products tied to the Secured Overnight Financing Rates (SOFR) – a benchmark used to set interest rates on loans, bonds and other credit products in…

Decentralized exchange (DEX) KyberSwap has been attacked for nearly $50 million, and administrators are advising users to withdraw all funds as a precautionary measure as the exploiter says negotiations will soon commence.On-chain data shows that the attacker is stealing funds mostly in Ether, wrapped ether (wETH) and USDC. The attacker has also hit multiple cross-chain

Crypto Founders on Crypto Hubs is a series of interviews with entrepreneurs about where their startup is located and why. It is part of Crypto Hubs 2023. In this installment, CoinDesk senior editor Jeanhee Kim interviewed Mitchell Amador, founder and CEO of bug bounty platform Immunefi. Their conversation was transcribed and edited for clarity and…