US Senators Raise Crypto Mining Concerns, Propose Government Blockchains
The U.S. Senate Committee on Energy and Natural Resources hosted a hearing Tuesday on the “energy efficiency of blockchain and similar technologies.”
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Hacked Crypto Exchange Bitpoint Discovers More Millions Are Missing
news After announcing a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it’s discovered that another $2.3 million is missing. A report from Japan Today on Monday said the extra losses were discovered at exchanges outside Japan that were using Bitpoint’s trading system and announced Sunday. The firm announced Friday that it had suffered a…
China’s Digital Currency May Come With Hardware Wallets as Well
China Construction Bank briefly allowed public access to a digital yuan wallet over the weekend. (Jwh/Wikimedia Commons)China’s Digital Currency May Come With Hardware Wallets as WellMobile apps may not be the only medium for storing and transacting China’s digital yuan, according to the Terms and Services agreement from a major Chinese bank. The roll-out of…
U.S. Added 187K Jobs in July, Missing Estimates 200K; Bitcoin Slips to $29,100
The U.S. added 187,000 jobs in July, according to the Bureau of Labor Statistics (BLS), TKTK forecasts for 200,000 jobs and up/down from a downwardly revised 185,000K added in June. June's job gain was originally reported as 209,000.The unemployment rate edged down to 3.5% in July versus forecasts for 3.6% and 3.6% in June.The price…
Digital Currency Group Appoints Mark Shifke as Chief Financial Officer
Digital Currency Group (DCG) has hired Mark Shifke as chief financial officer, filling the gap left when former CFO Michael Kraines stepped down in April.The finance department of DCG, which is the parent company of CoinDesk, had been run on an interim basis by Chief Strategy Officer Simon Koster.DCG was hit hard by the collapse…
As EtherRocks Hit Sotheby’s, Who Is Laughing Hardest?
This Valentines Day, buy your lover a rock. That may just be the marketing angle legendary auction house Sotheby’s is hoping to play up for tomorrow, Feb. 14, when it will begin a sealed auction of EtherRock NFTs.According to the auction page, the EtherRock collection is a “pivotal” part of NFT history. There’s certainly a
Snowden: ‘The Most Important Thing Bitcoin Is Missing Right Now Is Privacy’
news Bitcoin’s biggest flaw is its lack of privacy, said Edward Snowden at the Bitcoin 2019 conference. The cybersecurity expert noted the importance of privacy as a source of liberty. “The lack of privacy is an existential threat to bitcoin. Is the only protection users have from political change,” Snowden said. Snowden also stated that…
Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case
Terraform Labs founder Do Kwon has been sentenced to four months in jail by a Montenegro court after being found guilty of document forgery.A Basic Court in the country's capital Podgorica shared the verdict on Monday, adding that the time spent in detention will be included in the sentence.The South Korean national was arrested in…
Happy 48th Birthday, Satoshi Nakamoto
Alex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Alex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.George Kaloudis is a research analyst and columnist for CoinDesk.Alex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take…