CoinDesk Monthly Review November 2020

Raúl Carrillo is an Associate Research Scholar at Yale Law School. He previously served as Special Counsel to the Enforcement Director at the Consumer Financial Protection Bureau (CFPB) and worked as a Fellow at the Americans for Financial Reform Education Fund.There are many types of financial innovation. Some (ATM withdrawals) are more trustworthy than others…

news Ripple’s second-quarter report released Wednesday came with a few surprises: a gain, a loss, and a new partner. The distributed ledger technology firm’s total sales of XRP increased by nearly 48 percent to $251 million in the quarter, outpacing the first quarter’s $169 million in sales. Direct institutional sales drove the uptick, increasing nearly 73 percent to…

Apr 21, 2020 at 09:20 UTCKik CEO Ted Livingston (Credit: CoinDesk archives)Blockchain Association Tries to Draw Legal Line Between Kik’s Token and Its 2017 Pre-SaleThe Blockchain Association has filed a “friend-of-the-court” brief in the ongoing legal case between the U.S. Securities and Exchange Commission (SEC) and messaging startup Kik, arguing the firm's kin token is…

Jan 3, 2021 at 3:36 p.m. UTC(Surendra Sharma/iStock/Getty Images Plus)It’s Genesis Block Day. Do You Know Where Your Bitcoin Keys Are?Today is Bitcoin Day, the anniversary of the Genesis Block that marked the beginning of the Bitcoin blockchain in 2009. This year, with the price of bitcoin shooting for the moon, Bitcoiners have more reason…

Jan 10, 2020 at 12:00 UTCAjit Pai image via ShutterstockDemocratic lawmakers in the U.S. are demanding are demanding that the Federal Communications Commission (FCC) takes action to tackle the rise in SIM swapping attacks.Responding to the groundswell of reported SIM swap heists, senators Ron Wyden (Ore.), Sherrod Brown (Ohio) and Ed Markey (Mass.) and representatives…

$243 million was stolen from a Genesis creditor on Aug. 19. An investigation into the theft has led to two arrests, according to ZachXBT. More than $9 million of the stolen funds have been frozen. 00:24 Could a 50 Basis Point Rate Cut Trigger a Financial 'Catastrophe?' 00:59 Arthur Hayes Warns: The Global Economy on

The standards setter for securities markets regulation worldwide has provided guidance for handling decentralized finance (DeFi) as its members, which represent some 130 jurisdictions, consider ways to supervise the industry.The International Organization of Securities Commissions (IOSCO), whose members regulate over 95% of the world's securities markets, published its policy recommendations for decentralized finance (DeFi) on

New Binance CEO Richard Teng's debut on center stage was a bit bumpy.In his first public interview since getting the job last month after founder Changpeng "CZ" Zhao was formed to step down amid a $4.3 billion legal settlement with the U.S. government, Teng said Binance’s compliance systems were inadequate in the past and that

Good morning. Here’s what’s happening:Prices: Positive events spurred a crypto market boost and altcoin rally, although the subsequent corrections were to be expected, a crypto fund manager said. BTC is holding comfortably above $30K.Insights: The robust influx into Toronto's Purpose Bitcoin ETF indicates a high retail demand for such products, signaling promise for U.S. companies…