Regaining Purpose in Crypto: CoinDesk’s Projects to Watch 2023

The Terra community on Tuesday night passed a popular proposal to burn about 88.7 million terra (LUNA) tokens, worth roughly $4.5 billion at current prices, and mint about 4 million to 5 million terraUSD (UST) stablecoins, a decision that should further boost the Terra project, according to analysts.The “burning,” or permanent removal of the tokens…

Nov 10, 2020 at 6:30 p.m. UTCMicrostrategy CEO Michael Saylor (CoinDesk )MicroStrategy CEO Explains Why Bitcoin Is ‘a Million Times Better’ Than ‘Antiquated’ GoldMicroStrategy’s headline-grabbing bitcoin bet was a rational response to a macroeconomy in chaos, said Chief Executive Michael Saylor.Appearing Tuesday at CoinDesk’s Bitcoin for Advisors virtual conference, Saylor shed new light on one…

Aug 5, 2020 at 09:30 UTCUpdated Aug 5, 2020 at 09:41 UTCSquare CEO Jack Dorsey. Credit: ShutterstockSquare’s bitcoin business is continuing its rapid growth, with Q2 revenue 600% up year-on-year. Announcing Tuesday, the San Francisco payments company said revenue made from selling bitcoin to its Cash App customers in Q2 came to a total of…

Will Gottsegen is CoinDesk's media and culture reporter. He holds less than $300 in ETH, and two NFTs above CoinDesk's disclosure threshold of $1000, which you can find at smush.eth.It makes sense, in a way – smart contracts let you put any sort of computer program on the blockchain, and shiny new tech can be…

Since at least 2021, you could trace the arc of crypto by following the word “metaverse.” It was once filled with buzz and hype and potential to be The Next Big Thing — even Facebook changed its name to Meta — and then lost its luster during Crypto Winter, as prices plunged and excitement cooled.But

The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it erased what would have been its first formal definition of “digital asset” from its latest hedge fund rule.While the SEC had initially included the definition in its 2022 proposal to overhaul mandatory disclosures for…

Parties solicited to invest in the pre-initial public offering (IPO) funding round for Bitmain Technologies, Ltd., the leading maker of cryptocurrency mining software and hardware, received pitch decks falsely suggesting the company had secured financial backing from Digital Sky Technologies Global and GIC Private Limited, an investigation by CoinDesk has found. The question is who…

Popular trading platform Robinhood (HOOD) has seen a steep decline in crypto trading volume in May, the company reported on Monday, even while volume for equities and options remained high.The company reported that trading volume for cryptocurrencies dropped to $2.1 billion in May, down 43% from the prior month. On a yearly basis, crypto trading…

Jul 16, 2020 at 12:06 UTC(thatkasem14/Shutterstock)With bitcoin looking heavy this week, short-term sentiment in the options market has flipped bearish. The leading cryptocurrency by market value fell to $9,070 soon before press time, reversing the 2.5% rise to $9,450 seen last week, according to CoinDesk’s Bitcoin Price Index.Prices are now closing on the lower end…