WATCH: The Joy of Blockchain

The U.S. Consumer Financial Protection Bureau (CFPB) wants to oversee large nonbank payment providers to ensure they're complying with the same laws that more traditional financial institutions abide by – and some subsectors of crypto transactions are included.Tuesday's proposal would, if adopted, let the CFPB look after parties involved in "general-use digital consumer payment applications,"

Feb 19, 2020 at 09:00 UTCMOVING PARTS: How does a whole network smoothly upgrade in a way that's backward-compatible, allowing those with older versions of the software to continue participating? (Image via Library of Congress/Rawpixel)Bitcoin Coders Confront an Old Quandary: How to Upgrade an Entire NetworkAn old debate is resurfacing in the bitcoin developer community,…

Consumers are wary about using CBDCs, despite the fact that most central banks are exploring using these cryptocurrencies, according to a survey by Deutsche Bank. The COVID-19 pandemic hastened the shift towards digital payments, the report said Only 16% of those surveyed thought that central bank digital currencies would go mainstream. 00:50 First Neiro on

Last month, Binance's combined market share in spot and derivatives volume dropped to its lowest level since September 2020, according to CCData. Overall trading volumes in September fell to the lowest since June, with trading activity expected to pick up in the last quarter amid Fed rate cuts, CCData said. Crypto exchange giant Binance's lead

Millions of dollars worth of crypto assets have been moved out of official wallets linked to FTX and its trading firm Alameda in the past 24 hours, according to Spotonchain, as the bankrupt exchange labors under court supervision to salvage value and maximize its token holdings.More than $13 million worth of various crypto tokens were

May 29, 2020 at 08:00 UTCIt’s Tough Getting Approved in Gibraltar, Says Green-Lighted Crypto Derivatives ExchangeReceiving regulator approval to operate in Gibraltar is anything but easy, crypto derivatives exchange ZUBR told CoinDesk. ZUBR, which began trading in March, said Wednesday it had received in-principle approval from the Gibraltar Financial Services Commission (GFSC) as a Distributed…

Traditional-finance giants JPMorgan and Apollo successfully worked with a handful of blockchain firms to demonstrate "proof of concept" for how asset managers could tokenize funds on the blockchain of their choice, according to a press release.JPMorgan’s Onyx Digital Assets collaborated with interoperability layer Axelar, infrastructure provider Oasis Pro and Provenance Blockchain to manage large-scale client

The Turkish crypto exchange that sponsors Premier League soccer team Hull City is reportedly at the heart of a high-profile fraud scandal in the country.Yavuz Usta, the owner of exchange platform Tomya, was among 25 people detained as part of an investigation by the Istanbul Büyükçekmece Chief Public Prosecutor's Office, CoinDesk Turkey reported Wednesday.While there

As the global economy continues to absorb geopolitical tensions, we see increasing speculation that the U.S. dollar’s global dominance could wane, with a steady decline in the dollar’s share of central bank reserves and increasing de-dollarization efforts among BRICS nations (Brazil, Russia, India, China and South Africa) and other emerging markets.Yiannis Giokas is senior director of…