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

news The proof-of-work (PoW) algorithm used by bitcoin and some other cryptocurrencies is not viable in the long-term and needs to be replaced, argues a new study from the Bank of International Settlements (BIS). BIS, considered to be the central bank of central banks, published a research report on Monday, saying that PoW – which…

Dec 16, 2019 at 19:35 UTCUpdated Dec 16, 2019 at 19:58 UTCCipherTrace Chief Financial Analyst John Jefferies image via CipherTraceJohn Jefferies has yet to find a retail bank that doesn’t have crypto-related transactions on its payment network. CipherTrace's chief financial analyst published research Monday showing that the top 10 retail banks by asset size in the…

In August, before it was fully clear the U.S. Department of Justice (DOJ) would bring charges against Binance, news leaked that the federal prosecutors building the case were worried an indictment could cause customers to panic and withdraw their funds en masse, potentially creating panic in the crypto markets, wider industry contagion or even a

A highly anticipated technology designed to make blockchain privacy features more scalable will be tested in the wild soon. Named "bulletproofs," the tech, which was invented by cryptographers Benedict Bunz and Jonathan Bootle, promises to dramatically decrease the weight of confidential transactions, and on Thursday, Oct. 18, privacy-oriented cryptocurrency monero will put that to the…

Dec 11, 2020 at 12:56 p.m. UTCWallets With Over 1,000 Bitcoin Have Hit Record Number: ChainalysisThe popular narrative that institutional bitcoin investors have been leading the 2020 price rally looks to be backed up by on-chain data.In 2020, the number of wallets – defined as a set of blockchain addresses controlled by a single entity…

Jul 13, 2020 at 15:05 UTCAbra CEO Bill Barhydt (CoinDesk archives)Crypto financial app Abra has settled charges from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) relating to its offering of swaps deemed unlawful by the regulators. In two statements Monday, the SEC and CFTC said they had filed charges against…

news NChain chief scientist Craig Wright has criticized ethereum to a top U.S. regulator, while again claiming to be bitcoin’s pseudonymous inventor, Satoshi Nakamoto. In a response to the U.S. Commodity Futures Trading Commission’s (CFTC) request for input on crypto asset mechanics and markets, the Australian entrepreneur briefly set out his case that he is…

A federal judge has let the U.S. Securities and Exchange Commission (SEC) argue it can appeal against her ruling that Ripple didn’t violate securities laws in making XRP available to retail traders by putting it on exchanges.Judge Analisa Torres, of the U.S. District Court for the Southern District of New York, granted the request for…

Mar 10, 2020 at 18:00 UTC"Bithumb had an immediate need for Reactor to manage their hack last year, and wanted to focus on boosting their investigative skills," said Chainalysis' Maddie Kennedy. Image by Danny NelsonCryptocurrency exchange Bithumb is clamping down on suspicious transactions less than a week after South Korea, its home country, moved to…