Crypto news

Grayscale Investments has received regulatory approval to list what it calls the first publicly-traded digital currency index fund. Following assent from the Financial Industry Regulatory Authority (FINRA), the Digital Large Cap Fund (DLC) will be listed on over-the-counter markets and trade under the initials GDLCF.  The DLC is Grayscale’s fourth publicly-quoted investment product, after Bitcoin

Cryptocurrency exchange Coinbase has been granted an e-money license by the Central Bank of Ireland. Writing in a company blog Saturday, Coinbase UK CEO Zeeshan Feroz said the exchange is one of the very first firms to receive the license from the central bank, following a Dublin office opening a year ago. The license will

When cryptocurrency fans gathered in Osaka, Japan, this week for the Devcon developer conference, the halls were filled with buzz about smaller projects seeking access to ethereum’s decentralized finance smorgasbord, especially loans and financial products, via interoperability. “Connecting to other chains doesn’t seem to be an ethereum developer’s priority,” Summa co-founder James Prestwich told CoinDesk.

When it comes to trading there are several steps you can take in order to reduce your exposure to the market extremes of price volatility. A combination of both technical and fundamental analysis can be used to determine the true worth of a company or asset, securing a greater chance of success with a particular investment

A firm part-owned by Overstock’s tZERO is seeking regulatory approval to launch one of the first markets for publicly traded, registered security tokens. The Securities and Exchange Commission (SEC) on Friday released a rule change proposal that would allow Boston Securities and Token Exchange (BSTX) to create an automated equity trading platform, with ownership records

The U.S. Securities and Exchange Commission (SEC) secured an emergency restraining order against the Telegram Group and its subsidiary TON Issuer for their $1.7 billion token sale. The SEC announced late Friday that it filed for and received an emergency action and restraining order halting Telegram from selling or otherwise distributing its gram tokens within

The World Federation of Exchanges (WFE) has asked UK regulator Financial Conduct Authority (FCA) not to ban the sale of crypto derivatives to retail investors. A proposed ban would envelop regulated exchanges and CCPs who operate under stringent regulations to provide pre- and post-trade risk management standards that are designed tot foster safe and efficient

The creator of an “open” alternative to Facebook’s Libra stablecoin initially misrepresented which organizations are involved in the project, CoinDesk has learned. Four individuals and organizations have disavowed the OpenLibra project, which was unveiled Oct. 9 at Devcon. Others say the extent of their involvement was overblown. “I showed up to one community call for OpenLibra.

The leaders of crypto payment app Metal Pay, Marshall Hayner and Erik Finman, are launching an investment fund. Dubbed Metal VC, the $1 million dollar fund will focus on micro and angel investments, primarily in early-stage companies involved in banking and decentralized finance. The fund will allow the startup to align with partners as it

This has been another tumultuous year for the blockchain industry, rife with tragedy and comedy, mystery and strife, innovation and disappointment. Just consider some of 2019’s biggest stories: QuadrigaCX’s CEO took hundreds of millions in customer funds to the grave. Craig Wright threatened legal action against a cartoon cat. Coinbase hired (then fired) a team of

Venture studio Consensys is giving $175,000 to seven different open source software projects on the ethereum network. Announced on Oct. 10, these projects include a forward-looking ethereum software client called Lighthouse, an oracle network for off-chain data called Tellor, as well as, a mobile decentralized app builder called Alice, among others. About the new wave

The U.S. Securities and Exchange Commission (SEC) has rejected the latest attempt at creating a bitcoin exchange-traded fund (ETF). The SEC announced Wednesday that the ETF proposal, filed by Bitwise Asset Management in conjunction with NYSE Arca, did not meet legal requirements to prevent market manipulation or other illicit activities. The order read: “The Commission is disapproving this

Two U.S. Senators have publicly asked Visa, Stripe, and Mastercard to remove themselves from the Facebook-led cryptocurrency payment network, Libra. Senator Brian Schatz (D-HI) and Sherrod Brown (D-OH) sent three separate letters Tuesday to Visa CEO Alfred F. Kelly Jr., Stripe CEO Patrick Collinson and Mastercard CEO and president Ajaypal Singh Banga over the firms’ participation in

[embedded content] On location in Tel Aviv at the Ethereal Summit, hosted September 15, CoinDesk’s Daniel Kuhn spoke with some of the major players in the ethereum space about where the second largest blockchain is heading. Billed as “the world’s computer,” ethereum has not lived up to its initial marketing campaign. ConsenSys and a crowd

The Chinese government is indirectly participating in a security token offering (STO). The Nervos Network STO kicks off on Oct. 16, aiming to raise an undisclosed amount within two weeks through the CoinList platform. So far, Polychain Capital confirmed to CoinDesk it will contribute $5.7 million to the STO, in addition to previous investments. Nervos

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. The only certain thing to say about the implications of any isolated Securities and Exchange Commission

The NBA’s Sacramento Kings are the first U.S. professional sports team to develop a crypto token for fan rewards. “Fans can get those points and put them in their wallets and experience it all on the blockchain platform,” Kings CTO Ryan Montoya told CoinDesk. Further, Montoya said the token, called Kings Token, will pair with

The Hyperledger blockchain consortium’s technical steering committee (TSC) is discussing potential changes to its elections in hopes of boosting voter turnout. On Wednesday, Arnaud Le Hors, a blockchain staff member at IBM and TSC chair for 2019-2020, placed on the committee’s agenda five proposals to spread awareness and encourage participation in the annual elections. The suggestions

Rachel-Rose O’Leary is a reporter at CoinDesk covering how cryptocurrencies are used in areas of economic, social and political unrest. This article is part of her series from Rojava, Syria.  As Islamic State (ISIS) sought to dominate large parts of Syria and Iraq, it used a subtle weapon to go with the car bombs and suicide attacks: money. The self-declared

Jeff Dorman, partner at crypto asset management firm Arca Funds, spent 18 years on Wall Street and in fintech before turning his focus to developing crypto asset strategies and products. This article originally appeared in ‘Institutional Crypto,’ a weekly CoinDesk newsletter focused on the institutional investors interested in crypto assets. The opinions expressed in this

Algo Capital, an investment firm focused  on the Algorand blockchain, lost a few million dollars in USDT and ALGO tokens after its chief technology officer’s phone was breached, CoinDesk has learned. According to a source familiar with the matter, Algo Capital reported to its limited partners Friday that Pablo Yabo, its CTO, had his mobile

Dash, one of the top-20 cryptos by market cap, has picked up momentum over the past month with five new exchange listings. Coinbase, Coinbase Pro, and local exchanges in Mexico, Brazil and Switzerland have bucked the trend against delisting so-called privacy coins and added Dash to their listings. Dash Core Group CEO Ryan Taylor recently

The domain names stolen from the Ethereum Name Service’s (ENS) auction have been returned. As CoinDesk reported at the time, the ENS bidding process managed by digital-collectibles marketplace OpenSea was exploited, allowing a hacker to nab 17 domain names for lower bids than other users placed. ENS and OpenSea asked the hacker to return the

PayPal has withdrawn from the Libra Association, the company announced Friday. A PayPal spokesperson told CoinDesk in a statement that the payments firm “made the decision to forgo further participation” in the Facebook-initiated crypto project, to instead “continue to focus on advancing our existing mission and business priorities as we strive to democratize access to