Non-Believable Tokens: The 7 Strangest Crypto Collectibles Explained
It started with CryptoKitties, but it keeps getting weirder. CoinDesk takes you on a wild ride through the world of non-fungible tokens.
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Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging ‘Fraud’
Crypto trust firm Gemini sued Digital Currency Group on Friday, alleging the industry conglomerate and its founder Barry Silbert committed "fraud" through DCG subsidiary Genesis, which held funds for Gemini tied to the latter company's Earn program.The lawsuit is intended to recover Gemini's funds from DCG, a filing made to the New York County Supreme…

Former FTX Ventures Head Amy Wu Joins Menlo Ventures
Amy Wu, who previously headed venture capital investments for FTX prior to its collapse, has joined investment firm Menlo Ventures as a general partner to lead investments in the consumer and gaming sectors.Wu resigned from FTX Ventures last November as the centralized exchange stared down a liquidity crisis that ended in bankruptcy and criminal charges…

Ripple Expands Custody Business to Offer ‘Bank-Grade’ Service to Crypto Firms
Ripple, a provider of digital asset infrastructure, has introduced new functionality to its custody service The company is associated with the XRP token, which rose as much as 3.75% Thursday, its biggest intraday gain in almost two weeks, Coindesk Indices data show. 02:15 "Inside Trump's Crypto Project; Ripple's Upcoming Stablecoin To Launch in 'Weeks': Garlinghouse

Ripple’s Xpring Looks to Build XRP DeFi Products With New Acquisition
news Ripple has made its first move towards building decentralized finance (DeFi) products based on XRP. With its acquisition of decentralized payments platform Logos Network, Ripple’s investment arm, Xpring, will add nine New York-based engineers. Logos founder and CEO Michael Zochowski will become Xpring’s “Head of DeFi Products.” Xpring did not disclose the price of…

MARKETS DAILY: Crypto News Roundup for Jan. 28, 2020
Jan 28, 2020 at 17:00 UTCBitcoin rallied to near $9,150 as stocks dropped over Coronavirus fears, plus IBM's new "Self-Aware Token" approach. For early access before our regular noon eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Today's roundup:Disclosure Read More The leader in blockchain news, CoinDesk is…

Bitcoin’s Mining Difficulty Sees Largest Percentage Drop in 9 Years
Nov 3, 2020 at 09:29 UTCUpdated Nov 3, 2020 at 09:47 UTCNegative difficulty adjustments in Bitcoin's historyBitcoin’s mining difficulty just recorded its largest percentage decrease since the advent of ASIC mining machines in late 2012, dropping by just over 16% and giving miners a reason to celebrate as their profitability is set to increase significantly.Difficulty…

Tim Draper-Backed Fund Joins $5M Series A for LunarCrush
LunarCrush, a platform that helps users make crypto investment decisions based on social media trends, has raised a $5 million Series A round co-led by Draper Round Table, an investment network founded by noted venture capitalist Tim Draper, and INCE Capital.Other investors in the round included Draper Associates, WWVentures, TRGC, Bitcoin Frontier Fund, Draper Goren…

What Are NFTs and How Do They Work?
What Are NFTs and How Do They Work?Non-fungible tokens (NFT) are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers. One of the main benefits of owning a digital collectible versus a physical collectible like a Pokemon card or…