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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Chainlink Integration Brings Data Feeds to Binance’s DeFi Project
Jul 23, 2020 at 12:00 UTC(Shutterstock/Modified by CoinDesk)Chainlink Integration Brings Data Feeds to Binance’s DeFi ProjectSmart Contract (BSC) platform with data provider Chainlink, according to a blog post shared with CoinDesk. The collaboration was announced Thursday. The integration highlights Binance’s intention to create an alternate platform for Ethereum dapps, particularly aimed at the currently popular…

XRP Spikes 8% as Grayscale Launches XRP Trust in the U.S.
Crypto fund manager Grayscale is launching an XRP trust that could pave the way for a spot XRP exchange-traded fund (ETF) in the U.S. The closed-end fund will offer accredited investors direct exposure to XRP (XRP). Grayscale previously offered an XRP Trust but dissolved it in 2021 following the U.S. Securities and Exchange Commission’s 2020

Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip
news Bitmain Technologies has announced a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency. The new ASIC (application-specific integrated circuit), called the BM1397, is said to provide improvements in performance, chip size and energy efficiency for mining proof-of-work cryptocurrencies based on the SHA256 algorithm, such as bitcoin (BTC) and…

MakerDAO Set to Increase DAI Fees Above 15% in Bid to Stabilize Stablecoin
news A majority vote to increase fees on programmatic lending platform MakerDAO has passed an initial round of polling today. This time, the winning vote is to increase fees by 2 percent, which, in comparison to past weeks, is a comparatively small increase to the usual 3 or 4 percent. As is custom, the 2…

Grayscale’s Victory Ignites a GBTC Trading Frenzy as Investors Bet on Narrowing Discount to Bitcoin Price
Grayscale’s court win ignited a trading frenzy with GBTC shares, pushing trading volume to the highest since June 2022.Some traders who had bet on narrowing discount to net asset value took profits, but there could be more upside in case of a conversion, Digital Asset Research's CEO said.Grayscale’s flagship bitcoin fund was in the epicenter…

Ethereum Fees Plummeted 65% in October as DeFi Volumes Fell Back to Earth
Nov 3, 2020 at 16:18 UTCUpdated Nov 3, 2020 at 16:40 UTC(SunnyGraph/Shutterstock)Miners’ income from processing transactions on the Ethereum blockchain more than halved in October as the mania for decentralized finance (DeFi) cooled.Ethereum users paid $57.49 million in transaction fees in October – down 65% from September's record monthly tally of $166.39 million, according to…

TUSD Loses $1 Peg Amid Binance’s FDUSD Focus: Analyst
The trueUSD (TUSD) stablecoin remains off its intended $1 peg as the Asia business day continues, and is currently trading at $0.988, CoinDesk Indices data shows.Data from crypto exchange Binance shows that in the last 24 hours, there have been over $444 million in TUSD sell orders versus $301 million in buy orders, resulting in

Crypto Exchange Coinbase Receives License To Operate in Bermuda
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Helene is a U.S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin. She is a recent graduate of New York University's business and economic reporting program.Join the most important conversation in crypto and Web3 taking place…