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Bitcoin ETF Approval Comparable to ‘Naked Emperor’s New Clothes,’ ECB Officials Say
The approval of spot bitcoin ETFs and the resulting price rally are not proof that the cryptocurrency is a good investment, two officials at the European Central Bank said in a blog post.Bitcoin’s price may rise in the short term, but there is no “fair value” from which serious forecasts can be made, they wrote.“Why

Crypto-Friendly Bank Revolut Launches in the US
Mar 25, 2020 at 16:15 UTCUpdated Mar 25, 2020 at 16:24 UTCCredit: Proxima Studio / Shutterstock.comMobile bank Revolut has launched in the U.S., with an eye to offering its cryptocurrency services sometime in the near future. The London-based challenger bank announced Tuesday that U.S. customers could now register for an account and sign up for…

Unveiling the Uniswap Foundation’s Bridge Report: Winners and Losers
The Uniswap Foundation released its Bridge Assessment Report on Thursday, a major community undertaking that saw the biggest decentralized exchange (DEX) formally examine some of the core infrastructure powering its governance process.Uniswap is the largest DEX by trading volume. It was among the first blockchain-based programs to offer a decentralized alternative to the traditional currency…

DeFi Protocol Cega’s New Options Product Marries Gold, Ether to Offer Up to 83% Yield
The decentralized derivatives protocol unveiled a high-yield structured product called Gold Rush last week.The basket options strategy involves Tether's gold-backed token, XAUT, and ether as underlying assets and a safety component that protects users from a 30% drop in the tokens' prices.00:56How NEAR Enables Multichain Access From One Account00:58Bitcoin Is a More 'Superior Form of

Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations
The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate.Tehran, Iran(vanchai tan/Shutterstock)Jan 18, 2021 at 8:37 a.m. UTCIran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal OperationsAuthorities in Iran have seized tens of thousands of bitcoin mining machines claimed…

Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Join the most important conversation in crypto and Web3 taking place in Austin, Texas,…

Join the CoinDesk Team in Tel Aviv
news Some members of the CoinDesk team will be holding an On Tap event in Tel Aviv on September 12 and we’d love to see you there. You’ll be able to join Leigh Cuen and Daniel Kuhn at Drama Tel Aviv from 8pm to 10:30pm. The goal is to meet some cool people in the…

Kraken Co-Founder Jesse Powell Donates $1M, Mostly Ether, to Donald Trump
Kraken co-founder Jesse Powell donated $1 million to U.S. presidential candidate Donald Trump. Powell joins the Winklevoss twins, founders of the Gemini exchange, in helping fund his campaign. Jesse Powell, a co-founder of the crypto exchange Kraken, said he donated $1 million to Republican presidential hopeful Donald Trump, most of which was in ether (ETH).