Y Combinator’s New China Chief Is Bullish on Blockchain

The House of Representatives voting overwhelmingly in favor of a crypto market structure bill is an interesting prelude to CoinDesk's annual conference. We'll be talking about these things in Austin this week.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Sea

news Switzerland-based Pangea Blockchain Fund is making its debut after closing a $22 million seed round backed by crypto investor Roger Ver. Announcing the news on Wednesday, Pangea said other investors in the round included Copernicus Asset Management, a Swiss firm regulated by the country’s Financial Market Supervisory Authority. Copernicus is also acting as investment manager for…

May 11, 2020 at 12:00 UTCLolli investor Michelle Phan in the offices of Em Cosmetics. (Credit: Mark Sacro for CoinDesk)E-commerce startup Lolli, which gives shoppers bitcoin rewards for online purchases at retailers like Sephora, just attracted investment from the YouTube beauty queen herself, Michelle Phan.The $3 million seed round with Phan and Ashton Kutcher’s VC…

news An Indonesian financial watchdog has set out new regulations for the trading of crypto assets on futures exchanges in the country. The Commodity Futures Trading Regulatory Agency (Bappebti), an agency under Indonesia’s Ministry of Trade, announced the new rules Monday, stating that cryptocurrency futures exchanges must be registered and approved before operating. The agency…

Mar 16, 2020 at 16:23 UTCUpdated Mar 16, 2020 at 16:37 UTCCoinbase Chief Legal Officer Brian Brooks has been named the new chief operating officer and first deputy at the Office of the Comptroller of the Currency. (Image courtesy Coinbase)Coinbase's chief legal officer, Brian Brooks, is leaving the crypto exchange to become the second in…

Oct 12, 2020 at 20:28 UTCCoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Bumps Close to $11.6K; Ether Options Open Interest DipsBitcoin bounced close to $11,600 before retreating a bit while ether options traders are less active than they were in September.Bitcoin (BTC) trading around $11,552 as of 20:00 UTC (4 p.m. ET). Gaining 1.7% over…

A well-designed central bank digital currency can improve payment systems even as other solutions proliferate, according to staff at the International Monetary Fund (IMF) who are getting ready to publish a handbook on the subject.A paper presenting initial findings on CBDCs to the IMF's executive board published Tuesday said it offers "initial guidance" to policymakers

Feb 18, 2020 at 20:00 UTCUpdated Feb 18, 2020 at 20:30 UTCAre two recent attacks taking advantage of "flash loans," low liquidity and price oracle issues the first of more to come?For early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or…

In spring 2018, as initial coin offerings (ICOs) fueled a massive boom in crypto, the RSA Conference brought together nearly 50,000 professionals in Las Vegas to discuss the latest updates in internet security and cryptography.Each year, the event ends with a fireside chat featuring some of the industry’s earliest pioneers. In 2018, these luminaries –…