Category Archives: CoinDesk

What China’s Cashless Revolution Can Teach the West About Crypto

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cash appears to be disappearing from China’s teeming cities. Foreign tourists talk of struggling to buy things because… Read More »

Bitcoin’s White Paper Gave Us Liberty – Let’s Not Give It Back

One of bitcoin’s earliest entrepreneurs, Charlie Shrem is the former founder of BitInstant and co-founder of cryptocurrency intelligence service CryptoIQ. This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” opinion series. Ten years after Satoshi published the white paper that gave us bitcoin – and the explosion of innovation it launched –… Read More »

Tether Floods Into Kraken Exchange, Where Crypto Traders Can Get Dollars

Tether (USDT) tokens are flooding into a wallet address controlled by the Kraken exchange, one of the few places where the troubled stablecoin can be converted into U.S. dollars. The exchange’s wallet balance stands at nearly 47.8 million USDT at the time of writing, making it the eighth-most valuable wallet holding this asset, according to the Tether Rich List.… Read More »

Ethereum’s Constantinople Hard Fork Is Being Delayed Until 2019

Ethereum upgrade Constantinople will be postponed until early 2019, developers confirmed in a meeting Friday. Initially targeted to activate in November this year, developers opted to postpone the hard fork push after several bugs were found in the code that was released on a test network. Now aiming for sometime in late January or February, developers on the… Read More »

Global AML Watchdog to Release Crypto Regulations By Next June

A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer. According to a Reuters report Friday, the Financial Action Task Force (FATF) – the France-based intergovernmental body founded in 1989 to develop policies for tackling money laundering – said that global jurisdictions will have to bring into force licensing schemes or regulations for… Read More »

North Korean Hacking Group Lazerus Stole $571 Million in Cryptos: Report

North Korea’s infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. According to an article published Friday by The Next Web, the coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571 million from the… Read More »

Sia Network Releases Hard Fork Code to Block Crypto Mining Giants

The sia blockchain network has released the formal code for an imminent hard fork that will block miners using hardware produced by Bitmain and other major manufacturers. David Vorick, founder and CEO of Nebulous – the for-profit firm behind the $239 million distributed storage protocol – announced the release of code version 1.3.6 in sia’s official channel on Discord… Read More »

Bitcoin’s Price Breaks Through Key Support As Stocks Go South

Bitcoin (BTC) has dropped out of the tight trading range seen recently, paralleling losses in the U.S. stock markets. The leading cryptocurrency, which was trapped in a triangle pattern (narrowing range) above $6,400 yesterday, looked set for a breakout. However, the bullish technical setup failed and BTC found acceptance below the triangle support of $6,430 at 17:30 yesterday,… Read More »

Crypto Exchange Huobi Now Lets Users Swap Between 4 Different Stablecoins

Huobi, the Singapore-based cryptocurrency exchange, has just launched a new solution that enables users to switch between different types of fiat currency-pegged cryptocurrencies, or stablecoins, in event of market fluctuations. Announcing the solution, called HUSD, at a press conference on Friday, the firm said Paxos’ PAX, TrustToken’s TUSD, Circle’s USDC and the Gemini exchange’s GUSD tokens are being… Read More »

Chip Maker TSMC Forecasts Weaker Crypto Mining Demand in Q4

Chip-making giant Taiwan Semiconductor Manufacturing Company (TSMC) has predicted that demand for processors from cryptocurrency miners will remain low for the fourth quarter. TSMC, the primary supplier for crypto mining giant Bitmain, announced in its Q3 2018 earnings call Oct. 17 that its revenue growth will be impacted by “continued weakness” in the crypto mining market. As a… Read More »