Tag Archives: Features

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 »

Enough with the ICO-Me-So-Horny-Get-Rich-Quick-Lambo ‘Crypto’

CoinDesk asked cypherpunk legend Timothy May, author of the “Crypto Anarchist Manifesto,” to write his thoughts on the bitcoin white paper on its 10th anniversary. What he sent back was a sprawling 30-page evisceration of a technology industry he feels is untethered from reality. The original message is presented here as a fictional Q&A for clarity. The message… Read More »

Monero to Become First Billion-Dollar Crypto to Implement ‘Bulletproofs’ Tech

A highly anticipated technology designed to make blockchain privacy features more scalable will be tested in the wild soon. Named “bulletproofs,” the tech, which was invented by cryptographers Benedict Bunz and Jonathan Bootle, promises to dramatically decrease the weight of confidential transactions, and on Thursday, Oct. 18, privacy-oriented cryptocurrency monero will put that to the test. The first… Read More »

The Crypto Protocol Trying to Unite Every Exchange Order Book

Imagine the liquidity of every crypto exchange, but in one giant pool – one all-seeing order book that listed every conceivable bid and ask for any asset. That’s the promise of a new startup announcing its equity seed round Tuesday exclusively with CoinDesk. Led by Polychain Capital, with participation by Dragonfly Capital Partners and Chapter One, the Paradigm… Read More »

Bitfinex Says Withdrawals Are Fine, But Crypto Exchange Customers Disagree

Crypto exchange Bitfinex said Monday that withdrawal services are operating “without the slightest interference” – but some of its users would seem to disagree. “Processing complications” led to crypto exchange Bitfinex suspending fiat deposits into customer accounts last week, according to the October 15 blog post. Its move to pause such deposits is a temporary one, and such activities… Read More »

Startup Bringing Blockchain Privacy to Central Banks Wins $15 Million Funding

Blockchain startup Adhara, which boasts a stellar line-up of former banking innovators, has secured $15 million in new funding from Consensys, the ethereum design studio. The funding will help Adhara continue its work on international payments, which includes introducing central banks to the type of cryptography normally confined to math labs and academic circles. For example, Adhara has… Read More »

Blockchain Refresh: Why KPMG’s New Strategy Focuses on Customs

KPMG has decided to “refresh” its distributed ledger technology (DLT) strategy, according to new U.S. blockchain lead Arun Ghosh, who took over the group in September. Revealed exclusively to CoinDesk, the Big Four consultancy has taken to expanding its blockchain activities beyond the pure financial services work it had been doing, to explore a less-traveled path. Specifically, KPMG… Read More »

How a Left-for-Dead, $0.22 Crypto Asset Became a Lifeline for Activists

“It exists everywhere.” That’s how Athens-based crypto enthusiast named “Sporos” describes faircoin – a tiny, $0.22 asset that in terms of daily trading volume, is barely a glitch on global cryptocurrency exchanges. Although it’s listed at number 1,134 on CoinMarketCap, faircoin users aren’t phased by the market’s disinterest. Instead, they pride themselves on faircoin’s utility – which they… Read More »

Not Everyone Wants to Fix Bitcoin’s ‘Time Warp Attack’ – Here’s Why

Bitcoin’s open-source developers don’t agree on many things, but you’d be forgiven if you thought something best known as an “attack” might be one of them. Still, there’s a divide forming in conversation surrounding bitcoin’s long-standing “timewarp attack” – and for good reason. First and foremost, Blockstream co-founder Mark Friedenbach recently found that the exploit could be harnessed to… Read More »

EOS’ Grand Governance Experiment Has a New Enemy: China’s Great Firewall

Distributed though it may be, the EOS community has fought hard to remain united. As of June, two rival groups were briefly in competition to launch the official EOS blockchain (or mainnet) using code released by the company behind the protocol, Block.One. The standoff was resolved, and the EOS community launched a unified network later that month. However,… Read More »