U.S. Supreme Court to Hear First-Ever Crypto Case Tomorrow
Though the case the high court will hear Tuesday involves crypto, it is not itself a crypto case. Instead, this case is a fairly esoteric, procedural argument over whether a lawsuit can proceed in federal court while one party – in this case, Coinbase – is attempting to send the dispute to arbitration.
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Everyone Needs a Manifesto
Yesterday, Ethereum creator Vitalik Buterin published a long, long blogpost delineating a new philosophy of techno-optimism. It is called d/acc, with the d standing for decentralization, defensive and/or differential and the “/acc” a trendy shorthand on social media for “acceleration.”This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto

Dogecoin Bullish Bets Reach Record $1B
Traders are using prominent meme tokens, such as Dogecoin (DOGE) and bonk (BONK), as ecosystem bets for their respective blockchains, Ethereum and Solana.DOGE futures set a record open interest at $1 billion - indicative of the strong interest in the tokens. Nearly 70% of these bets were on the long side.Traders are continuing to use

Blockchain Bites: Mastercard, BNY Mellon Embrace Crypto; Amazon Floats ‘Digital Currency’ Project
Recently deceased porn mogul Larry Flynt once said, “Hypocrisy is a detriment to progress." His story may have something to offer crypto.(Lloyd Blunk/Unsplash, modified by CoinDesk)Feb 11, 2021 at 5:53 p.m. UTCBlockchain Bites: Mastercard, BNY Mellon Embrace Crypto; Amazon Floats ‘Digital Currency’ ProjectThree trends1. Crypto infrastructure is being laid down across the banking, tech and…

Coinbase Upgraded to Neutral Ahead of Earnings at JPMorgan as Shares Surge
Shares upgraded to neutral from underweight to reflect rising crypto prices.Coinbase stock rose as much as 8% in premarket trading.The crypto exchange reports earnings after the close.JPMorgan (JPM) upgraded the shares of crypto exchange Coinbase (COIN) to neutral to reflect the recent surge in cryptocurrency prices following the approval of spot bitcoin (BTC) exchange-traded funds

Fabric, Startup Building ‘VPU’ Chips for Cryptography, Raises $33M
Fabric Cryptography, a startup focused on hardware, has raised $33 million in a Series A fundraising round co-led by Blockchain Capital and 1kx. Other participating investors included Offchain Labs, Polygon and Matter Labs. The project previously had raised $6 million in a seed round led by Metaplanet. Fabric was founded by MIT and Stanford dropouts

Linda Lacewell: A Friendlier Regulator
“All the regulation that is needed and not a drop more.”That’s the approach New York’s top financial regulator said she’s taking toward the crypto sector, just under two years after first taking on the position. This article is part of CoinDesk's Most Influential 2020 – a list of impactful people in crypto chosen by readers and…

First Mover Asia: Bitcoin Rises Amid Light Weekend Trading
Good morning, Here’s what’s happening:Market Moves: Bitcoin rose over the past 24 hours, and the leading cryptocurrency by market capitalization experienced low volatility. Technician’s Take: Bitcoin is holding support at 60K, and slowing momentum suggests a period of consolidation. Watch CoinDesk TV for insightful interviews with crypto industry leaders and analysis.Bitcoin (BTC): $62,877.06Bitcoin continued to…

Societe Generale-Backed Euro Stablecoin EURCV Starts Trading on Bitstamp
Societe Generale's (GLE) euro stablecoin EUR Coinvertible (EURCV) has started trading on European cryptocurrency exchange Bitstamp.The Ethereum-based stablecoin was developed by the French bank's crypto division, SG Forge, and unveiled in April as a means for institutional clients to bridge traditional capital markets and digital assets. The stablecoin was used Monday by AXA IM, the