Fed Preview: Powell Likely to Raise Rates by 25 bps Against Crypto Market’s Hope for Status Quo

feature Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in cryptoassets, with news and views on crypto infrastructure delivered every Tuesday. Sign…

news New improvements to an existing code repository are set to make it easier for developers to build their own features into bitcoin’s lightning network, the in-progress tech layer many see as the cryptocurrency’s best hope for its use in payments. Announced Thursday, Blockstream is making the largest upgrade to its c-lightning software in eight months,…

Nov 2, 2020 at 14:00 UTCUpdated Nov 2, 2020 at 14:57 UTCXend Finance founder and CEO Aronu Ugochukwu (center)(Xend Finance)A Nigeria-based startup is looking to bring decentralized finance (DeFi) to the world of credit unions. Built on the Binance Smart Chain, Xend Finance announced Monday its public launch and a $1.5 million strategic funding round.“A…

news Tron CEO Justin Sun is moving his $4.6 million lunch date with Warren Buffett to “the heartland of tech” aka Silicon Valley. This is the first time since the annual “power lunch” tradition started in 2000 that the meal will take place in San Francisco. “We want this lunch to be a bridge between…

Bitcoin was created in response to the Great Financial Crisis as the people’s currency to bypass the manipulation and mismanagement of the financial systems by governments, financial institutions and special interest groups. And while there’s an ongoing debate on whether or not Bitcoin is highly concentrated, it is undeniable that it is becoming increasingly so

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news The U.S. Commodity Futures Trading Commission (CFTC) has cleared the way for crypto derivatives provider ErisX to offer futures contracts with a new license approval Monday. ErisX announced, which is backed by U.S. brokerage TD Ameritrade, that the CFTC granted it a derivatives clearing organization (DCO) license, acting as a secondary approval on top…

Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC above CoinDesk’s disclosure threshold of $1,000.Balaji Srinivasan on Tuesday said his $1 million bet on bitcoin (BTC) has been closed out ahead of time, and he has donated $1.5 million ($500,000 more than required) to three different entities as settlement.The former chief technology officer…

Bitcoin’s open source development is an often heralded strength, a show of the network’s resiliency and difficulty to capture. But take a closer look, and anything as complex as developing, updating and patching up a blockchain in real time often has its challenges.This is an excerpt from The Node newsletter, a daily roundup of the