Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman

Apr 16, 2020 at 11:48 UTCUpdated Apr 16, 2020 at 11:52 UTCCredit: Shutterstock/naskamiFirst Mover: Coronavirus Trillions Get Bitcoiners Wondering if Halving Still MattersBefore the coronavirus hit, bitcoiners were looking forward to next month's "halving" – a once-every-four-years reduction in new supplies of the cryptocurrency – as the primary factor that would drive prices higher, potentially even a 13-fold increase…

Since January, over $1.5 billion worth of bitcoin has been tokenized into ERC-20 tokens to use in the emerging decentralized finance (DeFi) ecosystem on Ethereum. These DeFi applications offer an increasingly large array of potential use cases for bitcoin investors looking for alternative ways to issue loans or make trades on new exchange platforms. Tokenizing bitcoin serves as a bridge…

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest PricesTop StoriesThe U.S. Securities and Exchange Commission (SEC) must review its rejection of Grayscale Investments' attempt to convert its Grayscale Bitcoin Trust (GBTC) into an ETF, a

Bitcoin's price has been positively correlated with the size of the People's Bank of China's (PBOC) balance sheet over the past eight years. The PBOC is considering a massive stimulus of up to 1 trillion yuan ($142 billion) to bolster its economy, leading to a surge in Asian stock markets, including a notable rise in

Jul 27, 2020 at 03:00 UTCDevcon 2019 (CoinDesk archives)Ethereum as Lifestyle Brand: What Unicorns and Rainbows Are Really AboutThe lights were dimmed during the last day of Devcon in October 2019. A hush fell over the auditorium in Osaka, Japan. A haunting melody rippled through the crowd of roughly 1,000 people. Everyone knew the dance…

news DX.Exchange is hitting pause as it seeks a new owner. The firm, which offered tokenized shares in companies listed on the Nasdaq stock exchange, announced the move following a vote by its board on Monday to discontinue operations as it pursues “a merger or outright sell of the company.” Should a buyer not be found, “the…

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Oct 16, 2020 at 15:50 UTCUpdated Oct 16, 2020 at 15:51 UTCAlleged “shadow banker” Reginald Fowler may be headed back to the plea bargain table in a second attempt to resolve criminal finance charges stemming from Bitfinex-linked firm Crypto Capital.The ex-National Football League investor had balked at prosecutors' February demand for $371 million in forfeiture,…

The new entrants coming into Bitcoin via the recently launched ETF and prices bounce back up towards $50,000, it’s a good time to dig a bit into the Bitcoin halving, as we’re expected to go into another halving event in mid-April.The Bitcoin halving cycle refers to the recurring event that reduces the blockchain rewards paid