Crypto News Roundup for Nov. 5, 2021
Markets Daily Crypto Roundup
With bitcoin trading sideways as altcoins push upward and a look at a long-delayed Florida trial that bitcoin insiders are watching closely, CoinDesk’s Markets Daily is back with the latest news roundup.
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Thai Central Bank’s New Blockchain-Enabled Bond Infrastructure Passes Test With $1.6B Bond Sale
Sep 14, 2020 at 21:10 UTCBangkok, Thailand (Thanapol Tontinikorn/Shutterstock)The Thai central bank, Bank of Thailand, announced on Friday that it has launched a blockchain-enabled platform for the issuance of government saving bonds. According to a press release, the Thai central bank sold 50 billion Baht (approximately $1.6B) worth of government savings bonds over one week’s…

Federal Reserve Keeps Rates Close to Zero, Continues Buying Treasurys
Jul 29, 2020 at 18:14 UTCUpdated Jul 29, 2020 at 18:20 UTCFederal Reserve Chairman Jerome Powell (Wikimedia Commons)The Federal Reserve said Wednesday that it would hold benchmark U.S. interest rates close to zero and continue buying Treasury bonds to support the coronavirus-devastated economy. Rate to stay in range between 0 and 0.25%.Fed says "path of…

After the ETF: Bitcoin’s Coming Power Struggle
Last week's spot ETF approvals means giant institutions like BlackRock and Goldman Sachs are entering the bitcoin market. Wall Street could privilege Bitcoin that's mined with green energy or that provably untouched by nefarious activity. That could set off a struggle for Bitcoin's future akin to the acrimonious "Blocksize Wars" starting in 2017.A sizable crypto

Arca Labs Launches Ethereum-Based SEC-Registered Fund
Arca CEO Rayne Steinberg (CoinDesk archives)A bitcoin exchange traded fund may never receive approval from the U.S. Securities and Exchange Commission (SEC), but an even stranger crypto investment vehicle finally has: a blockchain transferred fund. On Monday, Los Angeles-based money manager Arca began selling shares in the “Arca U.S. Treasury Fund,” an SEC-registered closed-end fund…

A Court Date for QuadrigaCX: What to Expect at Tomorrow’s Hearing
news The troubled crypto exchange QuadrigCX has appealed for creditor protection, setting the stage for a significant court hearing on Feb. 5 in Canada. Last Thursday, the exchange’s appeal was made before the Nova Scotia Supreme Court, with QuadrigaCX claiming that doesn’t have access to wallets containing some $137 million (U.S. dollars) in cryptocurrency. As…

New Cryptocurrencies Getting Created at Slowest Pace in 3 Years, CertiK Data Shows
Just as green shoots are appearing in crypto markets, a new data set has emerged showing just how dramatically the pace of blockchain development slowed recently.The amount of new token creation dropped during the third quarter to the lowest since at least the start of 2021, according to blockchain smart-contract auditor CertiK. The company created

Snapshot, Popular DAO Voting Platform, Finally Moves On-Chain, Atop Starknet
Snapshot Labs, developer of an off-chain voting platform used by 96% of decentralized autonomous organizations (DAOs) including those overseeing leading DeFi projects Lido and Aave, is adding a blockchain-based option, built on the Ethereum layer-2 network Starknet. Snapshot X, the new governance protocol, makes use of storage proofs – a cryptographic feature that StarkWare, the

Coinbase Will Be ‘Best Investment’ Over Next 5 Years: Boost VC’s Adam Draper
“If you are a short-term investor, if you are on Wall Street, you think that last year Coinbase was an awful investment," Draper said. "And I would argue that over the next five years, it’s going to be the best investment," he added, noting that right now – "emotionally everyone would hate it [investing in…