CrossTower: A Look Into the Valuable Properties of NFTs

Two artists have filed a lawsuit against the U.S. SEC in a Louisiana court to get a declaratory judgement that would protect their forthcoming NFT projects from regulatory action from the SEC. They say the SEC has set a concerning precedent of potential regulatory overreach by filing charges against two other NFT art projects. Two

Bitcoin Is Good for PayPal, but Is PayPal Good for Bitcoin?Numbers go up! You only live once.That’s two crypto memes to describe how the crypto industry celebrated PayPal’s announcement that, from 2021 onwards, it will enable its 345 million customers worldwide to buy and sell bitcoin and other currencies from their accounts. Ajit Tripathi, a CoinDesk…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Fran is CoinDesk's TV writer and reporter. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Ethereum-based layer 2 blockchains are likely to benefit from the network's upcoming Shanghai hard fork, also known as…

Sep 14, 2020 at 08:13 UTCUpdated Sep 14, 2020 at 08:26 UTC(Tsikhan Kuprevich/Getty Images)A man from Washington, D.C., has been charged with running a diamond investment scam with its own cryptocurrency to fund a life of luxury. Federal prosecutors in South Florida charged the man, Jose Angel Aman, with wire fraud on Friday.Allegations include that…

The U.S. Consumer Price Index rose faster than expected last month, with the year-over-year pace up to 3.2% versus estimates for 3.1% and January's 3.1%, the government reported Tuesday morning. The core rate – which strips out food and energy costs – also disappointed to the upside, coming in at 3.8% against expectations of 3.7%.On

Aug 13, 2020 at 13:31 UTCUpdated Aug 13, 2020 at 13:32 UTCBitcoin prices (CoinDesk BPI)Bitcoin Recovers from $11.3K Despite Losses in European StocksBitcoin has shrugged off a drop to $11,300 for the third day running. The cryptocurrency dipped to $11,287 at 09:10 UTC Thursday, only to chart a quick recovery to levels around $11,500, according…

Dec 29, 2020 at 2:00 p.m. UTCPayments Firm Simplex Becomes Visa Principal MemberIsrael-based payments processor Simplex, announced Tuesday it has become a principal member of the Visa network.Through the membership, Simplex now has permission to issue Visa cards, giving its consumers access to digital currencies daily.“We’re excited to work with leading fintechs like Simplex who…

Key gauge shows that the speculative forth prevalent during the first quarter has dissipated. Speculative washouts mean a healthier market and a potential for a renewed uptick in bitcoin. Bull markets are observed to stall during periods of excessive optimism, only to resume after the speculative froth has been cleared. Capriole Investment's crypto speculation index

A German government agency appears to have transferred $425 million in bitcoin to another wallet, returning some to the original wallet and sending a portion to crypto exchange deposit wallets.Transactional data shows deposits worth $32 million each to Kraken and Bitstamp, which may indicate intentions to sell.A German government agency today moved $425 million in