Coinbase Acquires Digital Identity Startup Distributed Systems

Lybra Finance, a protocol built on liquid staking derivatives that aims to provide a decentralized interest-bearing stablecoin, has seen its total value locked (TVL) skyrocket nearly 400% in the past two weeks, nearing $100 million as of Friday.Launched one month ago, Lybra’s surge in TVL coincides with Lido upgrading to its second version on May…

Friend-to-crypto U.S. Rep. Tom Emmer (R-Minn.) was the Republican nominee for speaker of the House of Representatives for a single afternoon before reportedly giving up under opposition pressure within his party.House Republicans are having an epic, no-holds-barred political showdown with themselves, and the abortive campaign of Emmer demonstrates that they've now burned through the most

With bitcoin hovering around $32K for a fourth straight day and top Ivy League universities said to be accumulating crypto, CoinDesk’s Market’s Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories: The brain trust has blessed cryptocurrencies, with endowments for Harvard and…

Circle's USDC dollar-pegged stablecoin fell to as low at $0.74 on three separate occasions today following a marketwide sell-off spurred by a report casting doubt over whether a spot bitcoin (BTC) ETF will be approved this month.Between 12:10 and 12:21 UTC, USDC suffered three spikes down to $0.74, $0.80 and $0.79 against its tether (USDT)

Decentralized exchange volume since January 2019July trading volume on decentralized exchanges set its second consecutive record high, rising 174% from June, according to data from Dune Analytics. Aggregate trading volume on decentralized exchanges reached $4,32 billion in July, up from $1.52 billion in June.41% of July’s volume came from Uniswap, on which traders speculate on…

May 19, 2020 at 14:00 UTCKadena founder Stuart Popejoy (Credit: CoinDesk archives)Kadena is now integrated with data provider Chainlink for streamlined pricing feeds.Announced Tuesday, the project helmed by former JPMorgan blockchain leads has inked a deal to use Chainlink’s existing set of off- and on-chain oracles for pricing Kadena-based assets, beginning with kadena (KDA), co-founder…

Circle apparently thinks Tron isn’t up to snuff. On Wednesday, the major stablecoin issuer announced it will cease minting on the layer-1 blockchain effective immediately — the first move in a “phased transition” to completely vacate the network founded by Justin Sun, who faces legal challenges in the United States.This is an excerpt from The

Non-fungible tokens tied to an animated web series starring Mila Kunis and Ashton Kutcher were illegally offered, according to a Securities and Exchange Commission (SEC) order on Wednesday that said the royalty-generating NFTs used to finance the series were unregistered securities.The order alleges that Stoner Cats 2 (SC2) reaped at least $8 million in sales

Why It’s Time to Pay Attention to Mexico’s Booming Crypto MarketLuis Sosa, 39, the creative director at a startup in Mexico City, watched with skepticism as his friends invested in bitcoin a decade ago. Even after they made good on their investments, Sosa kept his distance.  Now, his attitude toward crypto is changing, but not…