Handshake Revealed: VCs Back Plan to Give Away $100 Million in Crypto

NEWS Oct 8, 2018 at 10:30 UTC  |  Updated  Oct 8, 2018 at 10:32 UTC Binance, currently the world's largest cryptocurrency exchange by trading volume, has announced that it will now disclose all cryptocurrency listing fees and donate the funds to charity. According to a company blog post published Monday, token projects seeking to be listed on…

feature One of the underwriters behind BitGo’s $100 million cryptocurrency insurance policy has accused the custodian of exaggerating the scope of its coverage by using “ambiguous language” in public statements. The controversy boils down to three words. In its February 20 press release, BitGo listed “third-party hacks” among the risks covered by a group of…

The topic of identity on-chain has stirred an active debate among participants. The proponents of a fully permissionless ecosystem cite “access for all” and preserving privacy as key arguments for not identifying users on a blockchain. However, the answer to the question of whether it could be beneficial to verify aspects of one’s identity while…

U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl.Prosecutors say Rui-Siang Lin, 23, operated Incognito Market under the pseudonym “Pharoah” and oversaw all of its operations, including employees, vendors and customers

Sam Bankman-Fried must remain in Brooklyn jail until federal appellate judges rule on his motion for pretrial release, the Court of Appeals for the Second Circuit ruled Wednesday.Bankman-Fried faces a litany of financial crimes related to his crypto exchange’s November 2022 collapse. He had been out on bail until the federal judge overseeing his case

Phase one of the trial was exciting. Former FTX exchange insiders told a jury that Sam Bankman-Fried had directed them to let his hedge fund Alameda “borrow” billions of dollars from exchange customers in a secret arrangement facilitated through internal backdoors and hidden behind falsified documents.We seem to be moving into phase two now, with

Amitoj Singh is CoinDesk's regulatory reporter covering India. He holds BTC and ETH below CoinDesk's disclosure threshold of $1,000. The Group of Seven (G-7) intergovernmental political forum has signaled its commitment to implementing the Financial Stability Board's (FSB) forthcoming norms for regulating crypto assets and the International Monetary Fund's (IMF) recommendations on central bank digital…

The Grayscale Bitcoin Trust: What It Is and How It WorksThe Grayscale Bitcoin Trust (GBTC) is the world’s largest bitcoin fund and the first investment vehicle of its kind to report financials regularly to the U.S. Securities and Exchange Commission (SEC).GBTC shares are part of a range of traditional financial products that track cryptocurrency prices…

An impending default of tokenized loans on blockchain-based credit platform Centrifuge has put MakerDAO’s $1.84 million investment at risk of loss, a governance forum post said.ControlFreight, underwriter of the credit pool under distress, warned Friday that the $2.7 million pool’s largest borrower is facing liquidation due to a legal dispute.“There is a significant risk of…