Mt Gox Creditors Are Preparing to Claim for Bitcoin Repayments

feature Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Now two blockchain startups, Summa and Keep, are launching the Cross-Chain Working Group to bridge that divide with a protocol for using bitcoin on ethereum-based systems. The group hosted its first meeting on Thursday with more than 40 participants, including curious…

David Z. Morris is CoinDesk's Chief Insights Columnist. He holds Bitcoin, Ethereum, Solana, and small amounts of other crypto assets.Earlier this week, we considered the challenges of creating viable long-term regulations for decentralized finance (DeFi) protocols. These systems can ostensibly remove intermediaries from the trading of any asset represented on a blockchain, but those intermediaries…

It's only been six months since Ethereum, the dominant smart-contract blockchain, had its last major upgrade. But there are so many developer priorities for what to tackle next that there's a growing realization they can't all happen at once. So now, Ethereum developers are considering dividing the highly anticipated Pectra upgrade into two parts. Pectra

This month marks one year since the Terra-Luna fallout and six months since the implosion of FTX. These spectacular events, which marked the beginning and culmination of several other collapses respectively, severely shook confidence in cryptocurrencies and arguably triggered the industry’s most daunting existential crisis in its 15-year history. While the asset class has recovered…

Solana-based decentralized finance (DeFi) protocol Parrot.fi is voting on a proposal to phase out its PRT token and distribute the project’s treasury – once estimated at nearly $80 million – among token holders.PRT holders would redeem their tokens at $0.0045 apiece, according to the proposal posted late Thursday. That redemption rate locks in a major…

SALT LAKE CITY — "We're going to need a bigger boat."So said Barrett, the host of Solana's largest community-run coworking meetup, after surveying his fast-filling WeWork in Salt Lake City on Monday. His cowboy boots clopped past rows of desks and laptops and crypto developers at the seasonal retreat. Some 50-odd out-of-towners had already arrived

news According to reports in the crypto press Thursday, cryptocurrency exchange Binance is talking to Facebook about getting involved in the social media giant’s upcoming Libra project. Finance Magnates says it spoke to Binance at the FinTech Junction event in Israel on Thursday, with the exchange’s CSO, Gin Chao, saying that early discussions have taken place with Facebook over…

BTC fell below the 200-day SMA line for the first time since October. The focus now is on the trendline representing the surge from October lows. Bitcoin's (BTC) decline gathered pace as the largest cryptocurrency fell for a third straight day, dropping below the 200-day simple moving average (SMA), a good indicator of long-term price

Aug 13, 2020 at 19:00 UTCPreston Pysh on Why We’ve Entered a Fundamentally New Era of Bitcoin AccumulationThe prominent podcaster and bitcoin advocate joins The Breakdown to explain why we’re seeing a phase shift in the corporate and institutional relationship with BTC. For more episodes and free early access before our regular 3 p.m. Eastern time releases,…