Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency

Speaking of Bitcoin on the CoinDesk Podcast Network is brought to you by CrystalBlockchain.com.Why did a joke cryptocurrency with zero ambition find massive success, yet a calculated military campaign with plenty of ambition turned into a massive failure? With the right leverage, ten men can fight like one hundred, and one coin can spend like…

Robinhood is reportedly in hot water with a top U.S. regulator for not properly disclosing that it was making revenue by passing customer orders onto market makers. Sources speaking to the Wall Street Journal (WSJ) for a report Wednesday said the Securities and Exchange Commission (SEC) is investigating the app-based trading platformThe allegations are that…

news Venture capitalists are becoming more interested in the concept of truly owning digital items. The latest evidence: Naspers Ventures led a $15 million round in Immutable Games, the maker of Gods Unchained. Michael Novogratz’s Galaxy Digital EOS VC Fund also participated in the Series A funding round. Similar to the mega-hit Hearthstone, Gods Unchained is a digital…

The crypto industry unicorn Coinbase has aggressive growth plans for its newly opened New York office, which caters to institutional clients. The digital asset exchange plans to expand the operation to 150 employees next year, from 20 currently. According to the company, the slump in cryptocurrency prices this year has not quelled institutional demand for…

The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies. (Shutterstock)Feb 11, 2021 at 11:04 p.m. UTCNigeria’s Senate Summons Central Bank Chief to Explain Crypto BanNigeria’s Senate has summoned the country’s top financial regulators for a briefing after the central bank ordered local financial institutions to…

Binance is having a weird moment, perhaps most clearly illustrated by the fact that a national government detained two of its executives for a month now – and one is only free because he seemingly escaped custody.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to

news The SK Group, one of the largest conglomerates in South Korea, is creating a blockchain-based donation platform, reports IT Chosun, the technology publication of the Chosun Ilbo. The company also proposed two new tokens have been proposed in the design of the platform. According to the report, SK Corporation C&C, the group’s IT arm,…

Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.A federal judge ruled that the U.S. Securities and Exchange Commission cannot seal documents tied to former official William Hinman's 2018 speech on crypto and securities to Ripple in the regulator's ongoing lawsuit against the company closely…

U.K.-based cryptocurrency futures exchange Crypto Facilities is adding a bitcoin cash product to its offerings.