This Tiny Crypto Startup Has Lessons for Libra’s ‘Unbanked’ Dreams

U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief portion of her testimony posted Monday.Yellen is appearing before the House Financial Services Committee on Tuesday to

Jul 24, 2020 at 17:09 UTCUpdated Jul 24, 2020 at 17:33 UTC(Tingey Injury Law Firm/Unsplash)Bitcoin is a form of “money” covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday. In the case of United States v. Harmon, Chief Judge Beryl A. Howell wrote that money is "commonly means a medium of exchange, method of…

The list of alleged lies from former Celsius Network Chief Executive and co-founder Alex Mashinsky is long. And if the lawsuits filed by multiple U.S. agencies Thursday are to be believed, Mashinsky’s campaign of deception – intended to entice users to treat the now bankrupt crypto lending firm like a bank – started at the very…

When we founded Blockchain Association five years ago it was an open question whether or not the digital assets industry could make effective use of a trade association to argue its priorities in front of Congress and other federal regulatory agencies.Kristin Smith is the CEO of the Blockchain Association.Some of the most persistent questions in

news Binance has announced the acquisition of crypto exchange JEX in a bid to boost its crypto derivatives offerings for pro traders. Seychelles-registered JEX offers spot and derivatives (including options and futures) trading in cryptocurrencies such as bitcoin and ether. Going forward under Binance management, the derivatives exchange will be known as Binance JEX. JEX offers its…

news Bitcoin miners made the case for their industry as a driver of clean energy adoption, rather than the ecological disaster depicted by critics, at Fidelity’s Mining Summit Friday. The venue for the daylong event was as notable as the talks. The Fidelity Center for Applied Technology, an R&D division that has dabbled in bitcoin mining,…

Nov 25, 2019 at 17:00 UTCUpdated Nov 25, 2019 at 17:20 UTCWelcome to the CoinDesk Markets Daily Podcast, a 10-minute look at what's driving the crypto markets today. The podcast appears daily and we'd love you to subscribe in your favorite podcast app or grab the MP3 here.Tune in as CoinDesk podcasts editor Adam B.…

Aug 18, 2020 at 11:59 UTCElliptical shadows (Shutterstock)Elliptic has added Binance Chain and its native payments token BNB to its monitoring platform, becoming only the second blockchain analysis company to do so. Starting Tuesday, Elliptic’s automated compliance, wallet monitoring and transaction tracing tools can all tap into Binance Chain activity.Binance executives said they seek to…

A multi-million dollar exploit of stablecoin-focused decentralized exchange (DEX) Curve Finance has traders pivoting toward the rival Uniswap's UNI token.Funding rates in perpetual futures tied to UNI have surged to an annualized 19% in the wake of the exploit, according to data tracked by crypto services provider Matrixport.A positive funding rate means the perpetual contract's…