US Senators Raise Crypto Mining Concerns, Propose Government Blockchains

What happens when traditional private credit meets the Web3 on-chain investment opportunity of real-world assets? As decentralized finance, smart contracts and crypto evolve, more products are built on-chain, reflecting products prevalent in traditional finance while taking advantage of blockchain functionalities. Kelly Chambers from KellytheWriter explains the evolution of real-world asset private on-chain credit.Bryan Courchesne from

Oct 29, 2020 at 17:45 UTC‘Flash Loans’ Have Made Their Way to Manipulating Protocol ElectionsFlash loans can be used for more than just siphoning funds out of poorly put-together decentralized finance (DeFi) protocols.That’s one lesson investors can learn from Israel-based startup BProtocol’s manipulation of flash loans to sway election results on DeFi legacy project MakerDAO…

news A new cryptocurrency derivatives exchange that hasn’t yet launched has already won backing from major investors including Coinbase. Called Blade, the exchange platform is planning to go live in a few weeks with a focus on perpetual swaps, TechCrunch reported Monday. The firm was founded by Jeff Byun and Henry Lee, who had previously launched…

May 7, 2020 at 18:51 UTCUpdated May 7, 2020 at 19:04 UTCPORT OF CALL: Tradeshift wants the Danish government to pony up funds for a supply chain relief plan. (Credit: Markus Spiske on Unsplash)Tradeshift, the digital trade finance platform that uses blockchain to make payments instant and transparent, has proposed a scheme to the government…

Value locked on Cardano’s ecosystem grew rapidly in the past few weeks as a recent boost in Ethereum alternatives, such as Solana and Avalanche, is likely pushing crypto investors and users toward other blockchains in search of returns and capital allocation.The total value locked (TVL) of all Cardano-based projects jumped to over $440 million late

Judge Lewis Kaplan, the federal judge overseeing the federal criminal case against Sam Bankman-Fried, has a decision to make.The U.S. Department of Justice and Bankman-Fried's defense team filed their proposed jury instructions, which they hope Judge Kaplan will adopt after witness testimony wraps up in the coming weeks, early Thursday evening. The judge can adopt

Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.CoinDesk wrapped up Consensus 2023 on Friday, marking the end of three days filled with discussions around policy, technology and scams. Catch up on some of the key stories below.You’re reading State of Crypto, a CoinDesk newsletter…

Bitcoin held above $60,000 support level, while many altcoins tumbled. The U.S. dollar surged to its strongest level since mid-August amid strong economic data, geopolitical turmoil, weighing on risk assets. Spike in a key interbank borrowing rate may signal U.S. dollar liquidity stress, a Steno Research analyst noted. Bitcoin (BTC) once again was teetering above

A hack on Boy X Highspeed (BXH) , a decentralized cross-chain exchange, that drained $139 million of funds was probably the result of a leaked administrator key, and possibly an inside job, CEO Neo Wang told CoinDeskBased on a consultation with an external security team, BXH says the hacker was probably able to break into…