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Fractional Reserve Banking Is a Fraud (but It’s Genius)
George Kaloudis is a research analyst and columnist for CoinDesk.The recent buyout of First Republic, the second-largest bank failure in the U.S. ever, has raised serious questions about solvency and liquidity across the global banking system. Banks are supposed to be stodgy operations: Customers deposit money into a bank account for safekeeping and withdraw it…
Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike
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.Sweden, the last remaining stronghold of bitcoin miners in Europe, is abolishing tax incentives for data…

Story Protocol Developer Raises $80M Series B, Led by A16z, for Intellectual Property Chain
In a July 2023 op-ed, actor Joseph Gordon-Levitt argued that if artificial intelligence uses your work, it should pay you. That's the basic premise behind the intellectual property-focused blockchain Story Protocol, and it's quickly becoming a well-funded investment theme. On Wednesday, PIP Labs, the initial core contributor behind Story, announced an $80 million Series B

Y00ts NFT Collection is Migrating to Ethereum After Accepting $3M Grant From Polygon
Y00ts, a non-fungible token (NFT) collection that was once among the top projects on Solana, has announced that it will be migrating away from Polygon and would return the $3 million grant it received from the Ethereum layer 2 earlier this year.Instead, y00ts said it planned to migrate to Ethereum in order to "unite the…

Global Trust in Crypto Potential Grows to 48%, Edelman Survey Finds
May 11, 2020 at 12:00 UTCUpdated May 11, 2020 at 14:13 UTCEdelman surveyed 34,000 people across 26 different markets, gauging their thoughts on the overall crypto space. (Credit: Edelman)China, already well positioned to dominate government-run blockchain services and central bank-issued digital currency, has another advantage in the race to mass adoption: its citizens overwhelmingly trust…

Cosmos Will Have 3 Coding Languages – Here’s Why That Matters
news In a move that could compromise ethereum’s long-held dominance as the world’s top platform for smart-contract development, blockchain interoperability project Cosmos will offer users the choice to code in at least three different programming languages. The first language to be supported on Cosmos is called Ethermint, a direct replica of ethereum’s smart contract language…

Will RFK Jr. Debate Trump or Biden? Probably Not, Prediction Market Says
This week in prediction markets…Will there be a Biden-Trump-Kennedy debate?When will OpenAI's Sora launch?It's gone to the catsSolana vs. Ethereum: Which chain will earn more in fees?A presidential debate that includes independent candidate Robert F. Kennedy Jr. alongside President Biden or Republican frontrunner Donald Trump is unlikely to happen, bettors on crypto-based predictions platform Polymarket

NYDFS Chief Dismisses ‘Choke Point 2.0’ Theory of Signature’s Closure as ‘Ludicrous’
Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy.…