There’s a Huge Opportunity for Everyone in Crypto, It’s Called KYC/AML
If our goal is mass adoption, blockchain and crypto firms should work closely with regulators and come up with new ways to solve big thorny problems.
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SEC Chairman Jay Clayton Stepping Down at End of Year
Nov 16, 2020 at 1:34 p.m. UTCUpdated Nov 16, 2020 at 1:40 p.m. UTCJay Clayton, SEC chairman(CoinDesk archives)SEC Chairman Jay Clayton Stepping Down at End of YearU.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton will leave his role at the end of this year.Announced in a press release Monday, Clayton led the U.S. regulator…

CasperLabs Pivots Away From Ethereum to Fundraise With Its Own Blockchain
Mar 25, 2020 at 09:00 UTCTeam image via CasperLabsCasperLabs Pivots Away From Ethereum to Fundraise With Its Own BlockchainSome crypto startups, like Solana and Dapper Labs, are eager to execute fundraising plans regardless of any coronavirus-induced downturn.Likewise, CasperLabs, the startup advised by Ethereum Foundation researcher Vlad Zamfir, is now partnering with the Singapore-registered exchange BitMax…

Down 36%: Bitcoin Price Faces Worst Weekly Loss Since April 2013
MARKETS With bitcoin prices dropping further early on Sunday, the cryptocurrency now looks to be heading for its worst weekly loss in over 5 years. At press time, the leading cryptocurrency by market capitalization is trading at $3,520 on Bitstamp, representing a 36 percent drop from Monday’s opening price of $5,553. Unless the bulls can…

No Crypto Banking Port Has Really Opened Up in This U.S. Storm
The largest U.S. bank, JPMorgan, hasn’t slammed the door on crypto companies, but it’s being especially careful with any new customers, according to a person familiar with the situation. It won’t take on any full-on crypto businesses, but it’s still willing to extend basic banking services to a handful of companies that touch the industry,…

Coinbase’s Wallet Service Now Lists Ink Protocol’s New Payments Dapp
Ink Protocol announced Tuesday that its decentralized payments app, Ink Pay, is now available on Coinbase Wallet.

U.S. Election Betting Delay Would Be ‘Devastating’ to Kalshi, Firm Says
Kalshi, the U.S. prediction market platform that just won a lawsuit against its regulator, said its future depends on being able to list election betting contracts while there's still time before Americans cast their votes on Nov. 5. In a court filing Sunday, the New York-based company pushed back against the Commodity Futures Trading Commission's

Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong
"Deutsche Bank share slide reignites worries among investors" – was the BBC headline when everything clicked. It added to the increasingly worrying set of events that have affected the global banking system over the past few weeks: another sign that we may be at the dawn of the Great Financial Crisis 2.0. Except this time…

Market Wrap: Analysts Expect Further Upside After Bitcoin Hits All-Time High
Bitcoin rallied to an all-time high of around $66,000 on Wednesday, reversing a nearly 50% correction earlier this year. Traders remain optimistic and expect further upside across cryptocurrencies as the ProShares Bitcoin Strategy ETF (NYSE: BITO), the first U.S. bitcoin-linked exchange-traded fund, made its debut on Tuesday.At this point, “short-term corrections outweigh the positive expectations…