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Crypto News
Nearly $360M in Bitcoin Moved to Ethereum in October Despite DeFi Cool Off
Ethereum is still the most popular off-chain destination for bitcoins (BTC) as the total supply of tokenized BTC reached 150,000 BTC ($2.05 billion) at the end of October, up 21% since September.Growth has slowed significantly, however,…
Biden Confirms Crypto-Savvy Gary Gensler Will Lead Financial Policy Transition Team
Gary Gensler, a Washington and Wall Street veteran who has closely studied the budding cryptocurrency field, will lead the financial policy transition team for projected U.S. President-elect Joe Biden.A former chairman of the Commodity…
Market Wrap: Bitcoin Flat at $15.3K; Crypto Locked in DeFi at All-Time High
Bitcoin is sideways Tuesday, with little price action. However, traders seem to be jumping into decentralized finance to maximize their crypto yield.Bitcoin (BTC) trading around $15,345 as of 21:00 UTC (4 p.m. ET). Slipping 0.30% over the…
Multisignature Wallets Can Keep Your Coins Safer (If You Use Them Right)
In traditional business, “key person risk” refers to when a company relies too much on one individual to succeed. Cryptocurrency businesses are prone to a very literal version of this risk when handling funds. The most infamous example may…
Legendary Investor Stan Druckenmiller Turns Bitcoin Bull
The billionaire investor made his pro-bitcoin comments on an appearance on CNBC.A few months ago, Stan Druckenmiller told CNBC that he could imagine inflation of 5%–10%. Yesterday, he returned to the network to discuss…
ShapeShift Delists Privacy Coin Zcash Over Regulatory Concerns
ShapeShift, the Colorado-based cryptocurrency exchange that allows users to self-custody their assets, has delisted another privacy coin.Zcash has been removed from the trading platform in addition to monero and dash. Decrypt reported last…
Volume Surge Brings 25% Turnover to ‘CoinDesk 20’
Goodbye, dai and bitcoin sv. Hello, kyber and cosmos.A swelling in volume in the crypto markets over the third quarter has changed the list of noteworthy digital assets beyond bitcoin and ether that matter most to traders and investors.…
Former NFL Player’s Lawyers Seek to Withdraw From Crypto ‘Shadow Banking’ Case
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which…
Ex-Microsoft Dev Gets 9 Years in Prison Over $10M Theft Involving Bitcoin Mixing
A former software engineer at Microsoft received a nine-year prison sentence Monday for an elaborate multi-million dollar criminal scheme involving bitcoin and digital gift cards.Ukrainian citizen Volodymyr Kvashuk, 26, was sentenced in the…
Hong Kong’s Amber Group Picks BitGo Trust in Quest for Institutional Investors
Crypto market maker Amber Group will service its clientele of institutional traders with the help of BitGo Trust, the custodial arm of the Palo Alto-based digital asset financial services firm.BitGo’s status as a qualified custodian should…