Crypto News Roundup for Oct. 22, 2021
Markets Daily Crypto Roundup
With crypto markets taking a breather after this week’s wild bitcoin ETF-driven rally, plus a look at the fragility of the global financial system, CoinDesk’s Markets Daily is back with the latest news roundup.
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Crypto 2018 Was a Tale Told By An Idiot – But It Doesn’t Have to Signify Nothing
opinion James Greaves is the co-founder of Glyph, an identity service built for the blockchain era. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. I’m completely out of crypto and I’ve been selling my bitcoin and ether all year. Does that disgust you? Disappoint you? If you just met me, I’m…
cLabs Acquires Summa to Boost Crypto Interoperability on Celo
Aug 13, 2020 at 20:30 UTCUpdated Aug 13, 2020 at 20:52 UTCCelo community gathering in California (cLabs)It was a match made in Silicon Valley heaven. The token-funded startup cLabs just acquired the decentralized finance (DeFi) startup Summa, best known for making wrapped Ethereum tokens that can represent locked amounts of bitcoin. The acquihire bolsters cLabs’…
Australian Government Employee Charged With Mining Crypto at Work
news A 33-year-old Australian government employee has been charged after he was caught mining cryptocurrency at work. In a media release Tuesday, the Australian Federal Police (AFP) alleged that the IT contractor from the Sydney suburb of Killara had modified government computer systems to mine cryptocurrency worth over AU$9,000 (US$6,184) for his own gain. The…
FATF Needs Entirely New Approach to Regulating Crypto, Says V20 Summit
Nov 18, 2020 at 4:02 p.m. UTCUpdated Nov 18, 2020 at 4:21 p.m. UTCFATF meeting(Hervé Cortinat/OECD)FATF Needs Entirely New Approach to Regulating Crypto, Says V20 SummitThe Financial Action Task Force (FATF) needs an entirely new approach when it comes to policing crypto, according to Sian Jones, the driving force behind much of the sector’s anti-money…
IFC-Backed Carbon Opportunities Fund Uses Chia Network to Settle Tokenized Carbon Credits
Carbon Opportunities Fund, a private equity fund for the development of carbon credit verification, settled its first transactions of tokenized carbon credits using the Chia blockchain.Investment company Sumitomo Corporation of Americas (SCOA) purchased a batch of tokenized carbon offsets from the fund, which was developed on Chia by World Bank affiliate International Finance Corporation. (IFC).Carbon…
Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate
Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia.Cipher Mining (CIFR) announced the purchase of 11,000 bitcoin mining rigs from Canaan Inc. (CAN) after reaching 6 exahash/second (EH/s) of computing power, the firm said Tuesday.The new Canaan model A1346 rigs will boost its computing power to 7.2 EH/s when installed, with energization expected by…
BlackRock Exec Says Bitcoin Could Replace Gold ‘to a Large Extent’
Nov 20, 2020 at 2:04 p.m. UTCUpdated Nov 20, 2020 at 2:44 p.m. UTCBlackRock’s Chief Investment Officer Says Bitcoin Could Replace Gold to a Large ExtentThe chief decision maker for where BlackRock, the world’s largest asset manager, invests its funds said bitcoin could take the place of gold to a large extent because crypto is…
First Mover Asia: Bitcoin Rises Past $28K on Debt Ceiling Deal
Good morning. Here’s what’s happening:Prices: Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively.Insights: China didn't say much new about Web3 in a paper it released over the weekend, but the report represented progress…