Indian State Partners with Mahindra to Build ‘Blockchain District’

No matter what views people hold about cryptocurrencies and blockchain technology, there’s no denying the general public has an insatiable appetite for news and information about this field.That’s why CoinDesk is building the leading global media platform for a rapidly growing digital asset industry, one that will be a vital information resource for all those…

Scammers are trying to defraud unsuspecting users, capitalizing on PayPal’s (PYPL) recently launched dollar-pegged PayPal USD (PYUSD) stablecoin, by issuing fake tokens on various networks.Over 66 fake tokens have propped up on networks, such as Ethereum, BNB Chain, Base, and others as of Asian noon hours on Tuesday, DEXTools data shows. The majority of these…

Nov 14, 2020 at 1:24 p.m. UTCMichael Novogratz of Galaxy Digital (CoinDesk )Galaxy Digital Makes Twin Acquisitions in Bid to Strengthen Institutional AppealCryptocurrency merchant bank Galaxy Digital has acquired two firms as it seeks to become the “go to” platform for institutional access to digital assets, the firm said Friday.Announced in a press release, the…

The Central Bank of Nigeria (CBN) has released guidelines for banks on digital assets, a sign the country's regulators are softening their stringent stance on crypto.The guidelines, publicized Tuesday on the bank's website, ​​provide greater details on the regulators’ decision to open accounts for virtual asset service providers last month. The rules are an about-face

news Morgan Creek Digital, an institutional manager focused on cryptocurrencies and digital assets, wants to bet $1 million that such assets will outperform the S&P 500 during the next 10 years. The asset manager is challenging any professional investor or firm that believes cryptocurrencies are “worthless” or that public equities are a better bet to…

news Rhode Island issued a request for proposals aimed at exploring the viability of blockchain technology to improve state operations. This comes on the heels the state relaxing certain security laws for blockchain businesses. Is the second-most dense state by population looking to become a hub for the crypto industry? Director of the Department of…

Japan's financial market watchdog is looking to expand its team focused on crypto-related activities next year to better handle the growing interest among Japanese companies in gaining a cryptocurrency exchange license. The Financial Services Agency hosted the fifth study group meeting on cryptocurrency Wednesday, with trading platforms, scholars, lawyers, and government officials present. Kiyotaka Sasaki,…

A wave of new bitcoin buyers is arriving just as easily-obtained supplies of the cryptocurrency fall to their lowest levels in more than three years. Feb 10, 2021 at 3:28 p.m. UTCFirst Mover: As Wall Street Fixates on Inflation Hedges, Good Luck Finding BitcoinPrice PointBitcoin (BTC) was lower, after an intraday price spike on Tuesday took…

Mercado Pago, the digital bank unit of Latin America's largest company, Mercado Libre (MELI), said on Wednesday that it is introducing a stablecoin in Brazil tied to the U.S. dollar. The company said Mercado Pago's users in Brazil will be able to buy and sell the Meli Dollar stablecoin using account balances in Brazilian reais