Data Shows US Dollar, Not Japanese Yen, Is Dominating Bitcoin Trade
Inconsistency in the way data providers count trades across exchanges has overstated the yen’s importance as a trading pair, CoinDesk research finds.
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DCG’s CFO Steps Down as Crypto Conglomerate Repays $350M Loan
Aoyon Ashraf is managing editor with more than a decade of experience in covering equity marketsCrypto conglomerate Digital Currency Group (DCG) said Chief Financial Officer Michael Kraines stepped down in April and revealed that it fully repaid a $350 million senior secured term loan during the first quarter.Kraines became CFO two years ago. DCG has…

Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations
Heavily indebted nations face the risk of a sudden loss of market confidence, BIS warned Sunday. The umbrella body for central banks cautioned against premature easing of monetary policy. The Bank of International Settlements (BIS) warned heavily indebted nations on Sunday of a sudden loss of market confidence, validating the long-standing concern in the crypto

The End of the End of Crypto
Trying to figure out whether crypto is here to stay isn’t as simple as tallying up the industry’s wins or losses. For a while there it genuinely seemed possible that the U.S. Securities and Exchange Commission (SEC) could wipe crypto off the map (maybe with the help of other government agencies).Then again, there’s practically a…

Decentralized Exchange ZkLink Raises $8.5M Ahead of Market Launch
Decentralized exchange (DEX) ZkLink has closed a $8.5 million funding round led by Republic Crypto to help ramp up for its market launch later this year.ZkLink aims to become the first multi-chain DEX to enable one-click, cross-chain transfers across both Ethereum Virtual Machine (EVM) and non-EVM-compatible chains.At launch, the first layer 1 chains to be…

US Lawmakers Try Again on Tax Relief for Small Crypto Payments
Jan 16, 2020 at 21:15 UTCUpdated Jan 16, 2020 at 21:34 UTCDavid Schweikert image via Gage Skidmore/Flickr Creative CommonsU.S. lawmakers have resurrected a bipartisan push to exempt gains from small cryptocurrency transactions from being taxed. On Thursday, Reps. Suzan DelBene (D-Wash.), David Schweikert (R-Ariz.), Darren Soto (D-Fla.) and Tom Emmer (R-Minn.) introduced “The Virtual Currency Tax…

First Mover Asia: Ether Price Hits Fresh 11-Month High
Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.James Rubin is CoinDesk's U.S. news editor based on the West Coast.Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies. Featured SpeakerAlex ThornHead of…

This Binance Labs-Backed Crypto Startup Wants to Anonymize Everything
news “We’ve been fucking up this mixnet idea for 39 years.” That’s how lead developer David Stainton introduced the mixing tech that powers Nym Technologies, a stealth anonymity startup that sports a roster of privacy activists and cryptography heavyweights from around the world. An open infrastructure based on a near-forgotten anonymity system named mix networks,…

Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked
news You don’t have to have a Facebook account to use Libra. That’s the hands-off approach the social media giant is working toward as it announces its new blockchain and the token of the same name that will run on top of it. While Tuesday’s announcement is still early days, the scope of the project…