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Crypto News
Pacific Island Group of Palau Starts Stablecoin Trial on XRP Ledger
The country has been distributing PSC (Palau stablecoin) for three weeks and the test will run through August.
Once a Pioneer, Cosmos Blockchain Project Faces ‘Existential’ Crisis
After the collapse of Terra, and with new competition on Ethereum, a network built for interoperability may be at risk of becoming obsolete.
Canada Unveils New Bank Capital Rules for Crypto Holdings
New rules for banks and insurers are based on international norms, regulators said
Bitcoin Miners Buy Up Rigs as Prices Near All-Time Lows
Despite mining’s doldrums, miners are prioritizing the inclusion of next-generation mining rigs in their operations to prepare for the next Bitcoin halving.
Italy’s Central Bank Taps Polygon, Fireblocks DeFi Project to Help Institutions Dabble With…
The initiative aims to help Italian banks, asset managers and financial institutions, including the $1 trillion banking group Intesa Sanpaolo, experiment with decentralized finance and security tokens.
Bitcoin Mining Machine Efficiency Doubled in Five Years
A recent report by Coin Metrics has news for fans of energy efficiency: ASIC miners overall are reducing their energy consumption per coin produced. But which are the most efficient? For Mining Week, CoinDesk dug deeper to determine which…
It’s Time for Miners to Stop With the Gimmicks
Publicly-traded miners are prone to pursue marketing stunts as a way to raise their stock prices. Press releases about AI and HPC initiatives are the latest examples. This op-ed is part of CoinDesk's Mining Week.
Crypto Firm Flashbots Raises $60M in Paradigm-Led Round
The new capital will help develop the SUAVE decentralized platform for maximal extractable value (MEV).
U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Alex Mashinsky, Attorneys Tell Judge
The U.S. Department of Justice (DOJ) asked a federal judge for six to eight weeks to produce evidence for its case against Alex Mashinsky, the founder and former CEO of crypto lender Celsius.
Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”