Facebook’s David Marcus Steps Down From Coinbase’s Board

news A system-wide upgrade is coming to ethereum’s Ropsten test network on Wednesday. And while “Istanbul” should ultimately introduce network efficiencies, the testnet launch won’t be smooth sailing for everyone. For governance platform Aragon, in particular, the code changes are expected to break roughly 680 smart contracts, according to Aragon One CTO Jorge Izquierdo. These…

news Bithumb Global has launched an over-the-counter (OTC) trading desk for digital assets. Announcing the news on Thursday, the firm said that the new Hong Kong-based venture – Ortus – is a “block deal, matchmaking service” for institutional clients. In an OTC deal, two parties trade directly with each other, unlike on an exchange where…

Aug 27, 2020 at 14:22 UTCUpdated Aug 27, 2020 at 14:31 UTCBitcoin whipsawed on Thursday after the Federal Reserve’s chairman signaled tolerance for high inflation, as expected.  The leading cryptocurrency jumped from $11,400 to $11,594 in 20 minutes to 09:30 EDT only to give up gains in the next few minutes. At press, bitcoin is…

CME bitcoin futures open interest hit $6.2 billion Tuesday as institutions increasingly bet on a spot bitcoin ETF approval.The trend may soon reverse as investors will quickly unwind positions if ETFs get approved, K33 Research predicted.Bitcoin (BTC) futures open interest on the top U.S. marketplace hit a record-high on Tuesday as institutional players keep piling

May 20, 2020 at 11:54 UTCUpdated May 20, 2020 at 11:55 UTCFirst Mover: Bitcoin Just Got Easier to Mine, But for How Long?Bitcoin's mining "difficulty" has undergone its first adjustment since last week's halving, dropping the figure by 6%.Mining difficulty is part of an automatic procedure that takes place on the Bitcoin blockchain every 2,016 data blocks, or…

Jul 15, 2020 at 11:30 UTCJack Abramoff in 2011 (Lessig/Abramoff)Jack Abramoff has entered a plea agreement for his involvement in the alleged AML BitCoin ICO scam that has been accused of defrauding thousands of investors in 2018. The agreement, dated July 13, means Abramoff has pled guilty to charges of conspiring to commit wire fraud…

Peer-to-peer cryptocurrency exchange AirTM has raised $7 million in a Series A funding round. The Mexico-based startup, which seeks to help individuals conduct transactions and bypass traditional banking services, revealed the news Wednesday, saying it will direct the funds toward growing its reach across various markets in South America. In particular, the firm intends to…

Token debuts at $1.66, $3 billion market cap.Heavy congestion on Solana-based decentralized exchange OpenBook causes downtime.A 6% share of the total supply was allocated to the airdrop.11:59Crypto Tax: Everything You Need to Know02:21Bitcoin Drops Below $66K; Sam Bankman-Fried Says He Feels Remorse01:01Bitcoin Cash Hit Highest Price Since November 202100:56DOGE May Become the 'Official Currency of

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Stronghold Digital Mining (SDIG) raised its year-end bitcoin mining computing power forecast to 4 exahash/second (EH/s)…