As the idea of the metaverse — bringing together different gaming worlds and economies under one cohesive secured virtual umbrella — crystalizes in the collective consciousness of gamers, one of the best-known figures in the industry has come out against it.
According to Steiner, the government has been in talks with Acumen since October 2021, following the approval of bitcoin as legal tender in the Central American country. In parallel, it holds negotiations with different crypto lending platforms looking to provide loans to Salvadoran SMEs, Steiner said, adding that, if signed, the agreements could total $200 […]
“As a leading technology company, we are actively evaluating the various innovations and opportunities around this market as it evolves, aiming to be a core participant in this disruption. Digital assets and blockchain technology represent a unique, global and collective phenomenon that breaks barriers and creates a level, open playing field for all users to […]
Ether, Solana, and other L1s also slip during Asia trading day Jan 21, 2022 at 4:11 a.m. UTC Updated Jan 21, 2022 at 4:11 a.m. UTC Bitcoin’s price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index)
Mining difficulty on the Bitcoin network increased by 9.32% and hit an all-time high of 26.64 trillion on Jan. 21, at 3:07 UTC, beating the previous record set on May 13, 2021. The difficulty is automatically adjusted based the amount of computational power on the network, or hashrate, to keep the time it takes to […]
Rep. Cathy Rodgers (R-Wa.), who began the hearing with an off-topic speech about inflation, COVID and the current U.S. president, asked about the potential of blockchain to protect citizens’ privacy, as well as the potential adverse impact of regulation on job and investment growth. Rep. Annie Kuster (D-N.H.) inquired about innovations that could stem from […]
Good morning. Here’s what’s happening: Market moves: The largest cryptocurrency by market capitalization falls under $41,000; ether and other major altcoins also drop. Technician’s take: Oversold conditions are attracting short-term bitcoin buyers. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $40,882 -2.2% Ether (ETH): […]
Retail trading platform Robinhood Markets (HOOD) has launched a beta version of the company’s crypto wallet, selecting 1,000 customers from its waitlist. Robinhood will expand the test to 10,000 customers by March before further expanding it to the rest of its WenWallets waitlist, according to a blog post Thursday. The company said it will add […]
The CEO of the Financial Industry Regulatory Authority (FINRA) said the self-regulatory body will look at potential changes to crypto regulations this year as crypto adoption grows, Barron’s reported, citing a virtual conversation with Securities Industry and Financial Markets Association (SIFMA) CEO Kenneth Bentsen Jr. on Wednesday. CEO Robert Cook said FINRA isn’t looking at […]
On Thursday, Russia’s central bank suggested that lawmakers need to implement regulations to effectively ban domestic crypto-related activities. The bank made it clear, however, that is not suggesting banning ownership of crypto by private citizens. Instead, the proposal targets Russian institutional investors, financial infrastructure providers and other organizations that could facilitate crypto transactions.