Crypto news

Fidelity’s charity arm, Fidelity Charitable, said late last month that it has received more than $100 million in cryptocurrency donations since 2015. In total, more than $106 million worth of cryptocurrencies has been granted to Fidelity Charitable since it first began accepting this form of donation, according to the firm’s annual report published late last

Roham Gharegozlou is the CEO of Dapper Labs, the company behind the viral blockchain game CryptoKitties. Brian Flynn works on the Dapper Labs product team.  Introducing as many people as possible to the benefits of decentralization is a cause almost everyone in this industry shares. The issue is that, in making the technology more accessible,

The Takeaway: Monolith turned a $16.9 million ICO into $25 million-worth of assets by riding the bull market of 2017 then taking out DAI loans. This DAI strategy is increasingly common among ethereum-centric startups. MakerDAO and Monolith are now collaborating to connect DeFi loans to a European Visa debit card. Ether fans can spend crypto

Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Bitcoiners notoriously hate the ethereum-centric world of decentralized finance (DeFi), fueled by automated loan software. But two blockchain startups, Summa and Keep, are launching the Cross-Chain Working Group to bridge that divide with a protocol for using bitcoin on ethereum-based systems. The

Crypto exchange Coinbase disclosed a potential vulnerability Friday, announcing that a tiny fraction of its customers’ passwords were stored in plain text on an internal server log. However, the information was not improperly accessed by outside parties, the exchange said. In a post-mortem shared with CoinDesk, Coinbase outlined “a password storage issue,” impacting less than

Ethereum core developers finalized late Thursday a list of six different code changes to be activated for ethereum’s next system-wide upgrade, Istanbul. As agreed in prior meetings, Istanbul will be executed in two parts. The first, which will feature all six code changes, or ethereum improvement proposals (EIPs), is tentatively expected to execute on ethereum

A British man has been handed 20 months in jail and ordered to forfeit over £400,000 ($487,000) for offering hacking services and stolen private data in return for cryptocurrency. Nineteen-year-old Elliot Gunton was sentenced at Norwich Crown Court on Friday, having pleaded guilty at a previous hearing, according to a local police news report. Police

The Takeaway: QuadrigaCX’s former users are running out of patience with Miller Thomson and EY, the court-appointed companies tasked with recovering their missing funds. The users want more transparency into EY’s investigation of Quadriga’s missing funds, as well as a better understanding of how the audit firm accidentally lost 103 bitcoin earlier this year. Some

Maryland Attorney General Brian Frosh said Wednesday that the state’s securities market watchdog will become part of an international effort to crack down on cryptocurrency related fraud. The state is the latest to join “Operation Cryptosweep,” an initiative led by the North American Securities Administrators Association (NASAA). As part of the second wave of the

Bitcoin has dipped beneath the 100-day moving average, potentially opening the doors to support near $8,500 if the bulls can’t keep prices above the MA. Total weekly volume for the bears is lower than expected, offering a small hope for a bullish rebound. Price would need a firm close above the 100-day MA in hopes

Walmart has reasserted its interest in blockchain-backed drones with a recent patent application. Commerce giant Walmart filed for an application entitled “Cloning Drones Using Blockchain” in January 2019 with the United States Patent and Trademark Office publishing the patent on August 1. The patent for an unmanned aerial vehicle (UAV) blockchain-based coordination system was published the same

Marco Polo, the trade finance blockchain network launched in 2017 by R3 and TradeIX, is moving slowly but surely toward production. The latest milestone in the 22-bank blockchain consortium’s methodical piloting process allows a third party to a trade (in this case a logistics provider) to trigger a payment to a supplier in real-time at

The most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found a replacement in U.K. upstart Clearbank, according to people familiar with the situation, the change has indirectly inconvenienced the exchange’s users. That’s because, aside from

Bitcoin derivatives provider Seed CX has begun testing its margin swaps products with users, the company said Tuesday. Investors can now onboard to try out Seed CX’s swaps product matching platform during the testing period through its subsidiary Seed SEF, a regulated swap execution facility (SEF), the company announced Seed CX’s CEO Edward Woodford told CoinDesk that the testing

A settlement between the SEC and a startup that raised funds in an initial coin offering has defendants paying out the big bucks. According to court filings, defendants Dominic Lacroix, Sabrina Paradis-Royer and PlexCorps agreed to pay fines and never again participate in securities sales. A judge has yet to sign off on the settlement. Lacroix

The U.S. Securities and Exchange Commission (SEC) delayed making a decision on three bitcoin exchange-traded fund (ETF) proposals Monday. The ETFs, proposed earlier this year by asset managers Bitwise Asset Management, VanEck/SolidX and Wilshire Phoenix, and filed with exchanges NYSE Arca and Cboe BZX, are all seeking to become the first such investment vehicle based on bitcoin. The filings

An official at China’s central bank has said the institution is nearing the launch of its digital currency. Speaking at an event in China over the weekend, Mu Changchun, deputy director of the payments unit at the People’s Bank of China (PBoC), said its researchers have been hard at work since last year to complete the

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter for institutional investors interested in crypto assets. Sign up here. Last week’s kerfuffle over the launch-that-wasn’t of LedgerX’s physically delivered futures

A new patent application from IBM describes a blockchain-based web browser. Filed on August 6 by the United States Patent and Trademark Office, IBM’s patent is for a web browser backed by a peer-to-peer network. The browser collects pre-specified information from web browsing sessions, according to the patent. The information is then transferred to a

In the wake of a recent network upgrade, a number of nodes have been separated from the bitcoin SV blockchain, a development that highlights why “hard forks” have long been the subject of passionate infighting among cryptocurrency developers. According to block explorer Blockchair, roughly 20 percent of BSV nodes are still running an older version

A new report on the nascent ecosystem of blockchain-based games indicates that one of the model’s most-trumpeted characteristics — the ability to mix and swap data between games – isn’t panning out. The idea of cross-overs between games isn’t exactly new. Series like Nintendo’s Super Smash Brothers perhaps best exemplify this approach, with familiar characters

May’s Binance hacker has been hard at work washing his stolen bitcoins through a mixing service. Clain.io, a Luxembourg-cryptocurrency capital flows research team, says the 7,074 stolen coins are being laundered through mixing service Chipmixer. Clain says at least 4,836 bitcoins were laundered since June 12th. A bitcoin tumbling service mixes a bitcoin’s unspent transaction

The SK Group, one of the largest conglomerates in South Korea, is creating a blockchain-based donation platform, reports IT Chosun, the technology publication of the Chosun Ilbo. The company also proposed two new tokens have been proposed in the design of the platform. According to the report, SK Corporation C&C, the group’s IT arm, made

View Bitcoin has charted a narrowing price range over the last three days, neutralizing the immediate bullish setup. A bull revival needs a UTC close above Wednesday’s high of $12,145, according to a double inside bar pattern seen on the daily chart. The outlook would turn bearish if prices print a UTC close below Wednesday’s