True Life: I’m a Bitcoin

Urbit, an idiosyncratic and audacious project to rebuild the entire internet computing stack from scratch, brought back controversial founder Curtis Yarvin after a five-year hiatus. He holds no formal title but is taking the lead on strategy. The board of the Urbit Foundation, the nonprofit that steers core development, fired executive director Josh Lehman. Christopher

news Facebook’s announcement that it would create a stablecoin on a blockchain means more as a competitive answer to WeChat and Alipay’s payment services than it does to the crypto industry, according to AngelList co-founder Naval Ravikant. Ravikant told CoinDesk via email: “I don’t think it means much for crypto because it’s not really (sovereign-resistant)…

Nov 19, 2020 at 4:27 p.m. UTCUpdated Nov 19, 2020 at 4:36 p.m. UTCSEC’s Clayton Says Payment Inefficiencies Are Boosting Bitcoin’s RiseSounding more bullish on the cryptocurrency than he has in years, U.S. Securities and Exchange Commission Chairman Jay Clayton said Thursday the inefficiencies of modern payment systems are “driving the rise of bitcoin.”Speaking on…

I have a friend who has made a significant fortune out of bitcoin. He is one of those enthusiasts who happily hands out the cryptocurrency to others in the interest of spreading adoption. All of that is good. However, one thing has always infuriated me: his boasts, especially last year, that he was spreading belief…

Layer 1 blockchain Canto has experienced a 35% slump in total value locked (TVL) over the past month as liquidity continues to dry up across the decentralized finance (DeFi) sector.After going live last August, Canto experienced a now-familiar hype cycle in which it enjoyed a euphoria-filled first coupe of months that saw its TVL jump…

Apr 15, 2020 at 17:32 UTCUpdated Apr 15, 2020 at 17:33 UTCBlockchain Bites: DLT’s Great Leap Forward, Bitcoin Horders and a16z’s New FundChina is taking charge in the digitization of the world economy. Yesterday, it revealed a testing environment for its DC/EP central bank digital currency (CBDC), which may one day supplant physical cash in…

Shares of bitcoin mining company GRIID Infrastructure (GRDI) extended their drop into the second day after the Cincinnati, Ohio-based firm completed its listing on Nasdaq this week following its merger with a special purpose acquisition company (SPAC) Adit EdTech Acquisition Corp.Shortly after its Nasdaq debut on Monday, GRIID shares were trading at around $7.30, down

NEWS Oct 10, 2018 at 19:30 UTC Bitcoin futures firm 1Broker, which has been charged with violating a number of U.S. securities laws, has announced that it would reopen withdrawals on Thursday. The trading platform, which was accused of acting as an unregistered security-based swaps dealer, as well as violating money laundering and wire fraud…

news Square Crypto, the division of the publicly traded payments company that focuses exclusively on bitcoin, just announced three new hires to work on open source projects. Among them is Facebook and BitGo alum Arik Sosman, most recently a member of the social media giant’s Calibra subsidiary. He told CoinDesk: “My personal areas of interest…