cryptocurrency provision

Senator Who Wrote Controversial Crypto Tax Rule Proposes Modest Revision

James RubinAug 6, 2021

The bill excludes only proof-of-work mining, or the selling of hardware or software that gives individuals control of private keys to access digital assets.

DeFi

How a ‘Lazy Robot’ Might Solve a Big Problem for Crypto’s Whale Traders

Brady DaleAug 5, 2021

Big trades can spook the market unless the trader can effectively signal they aren't trying to scare anyone.

Bitcoin ETF

Gensler’s Preference for Bitcoin Futures Products Is Likely Bad News for a Spot BTC ETF

Nate DiCamilloAug 5, 2021

The SEC chairman's comments this week are causing issuers to readjust their expectations for the approval of a spot bitcoin ETF.

Ether

Market Wrap: Ethereum Hard Fork Rally Outperforms Bitcoin

Damanick Dantes Frances YueAug 5, 2021

Ether is up 3% over the past 24 hours.

Ethereum

What Crypto Analysts Are Saying About the Ethereum Hard Fork

Lyllah LedesmaAug 5, 2021

"The notion of ethereum becoming a deflationary cryptocurrency in the future is now tangible, and the effects on ethereum’s valuation could be profound," said one analyst.

Custody

Why US Government Yanked BitGo’s Contract and Gave It to Anchorage

Danny NelsonAug 5, 2021

A tale of crypto rivalry, multimillion-dollar contracts, and bureaucratic definitions of “small business.”

NFTs

Audius Brings NFT Galleries to EDM-Heavy Streaming Service

Danny NelsonApr 8, 2021

The decentralized library of underground tunes is letting artists pool their NFTs in a single online gallery in a bid to be a one-stop shop for their biggest fans.

Oracles

Chainlink Unveils Crypto ‘Keepers’ and Anti-Fraud Blockchain Bridges

Ian AllisonAug 5, 2021

“Keepers” can do things like execute limit orders, liquidate under-collateralized loans or just remind a blockchain what time it is.

Podcasts

With EIP 1559, Has ETH Become Ultra-Sound Money?

Nathaniel WhittemoreAug 5, 2021

Beyond just the meme, what consequences will the London hard fork have to investor perception of the Ethereum network?

Opinion

The End of Exorbitant Privilege: Inflation, the Global Dollar and What Comes Next

David Z. MorrisAug 5, 2021

What would it mean for the dollar to lose its global reserve status? Why might it happen? And what could take its place?

CFTC
CFTC

CFTC Commissioner Says SEC Lacks Authority Over Commodities, Including 'Crypto Assets'

James RubinAug 5, 2021

Quintenz's comment follows remarks by SEC Chairman Gary Gensler, who this week reiterated his view that stock and "stable value tokens backed by securities" qualify as securities.

HUSD
HUSD

Huobi-Branded HUSD Reveals Breakdown of Reserves: All Held in Cash

Frances YueAug 5, 2021

Though USDT and USDC still captured the largest market share, smaller stablecoins are trying to prove that they are backed by safer assets.

Infrastructure Bill
Infrastructure Bill

Sen. Portman Announces Support for Narrowed Crypto Tax Rule

Nikhilesh DeAug 5, 2021

Sen. Rob Portman is believed to have authored the original crypto tax reporting provision with support from the Biden administration.

Real Estate
Real Estate

New York City to Explore Blockchain for Preventing Deed Fraud in Land Sales

Jamie CrawleyAug 5, 2021

The city's finance department will work with Medici Land Governance on a proof of concept blockchain for land records.

Polygon
Polygon

Mark Cuban's NFT Platform Lazy.com Completes Polygon Integration

Omkar GodboleAug 5, 2021

Executives say the move could help drive mainstream adoption of digital collectibles.

Recent

Bitcoin Payments

Philipp Plein Becomes First Major Fashion Brand to Accept Crypto Payments

Cheyenne Ligon

The retailer will accept 15 cryptocurrencies for both online and in-store purchases.

Audius

Decentralized Music Streaming Service Audius Now Has 5M Users

Cheyenne Ligon

Over 100,000 artists use the platform, including acts such as deadmau5 and Skrillex.

Crypto Finds Cultural Acceptance and Corporate Investment in the Middle East

"Community Crypto" explores crypto adoption in the Middle East, whether bitcoin is halal, the centers of innovation in Dubai and Abu Dhabi, and the growth of the crypto industry more broadly in the region. Host Isaiah Jackson sits down with Matthew Martin of Blossom Labs, corporate crypto attorney Irina Heaver, Fred Pye of 3iQ, and Zachary Cefaratti of Dalma Capital.

US Regulators Debate Authority Over Crypto Regulation, JPMorgan to Allow Private Bank Clients to In-House Bitcoin Fund

"All About Bitcoin" looks at Thursday's trending stories, JPMorgan is allowing its Private Bank clients access to an in-house bitcoin fund, and Sen. Juan Satori in Uruguay is proposing a bill that would allow businesses to accept crypto payments. Plus, the impact of U.S. Senators' amendment on crypto tax provisions in the new infrastructure bill. Genesis Trading Head of Market Insights Noelle Acheson and AlphaPoint General Counsel Reba Beeson share their insights.

Opinion

The Node: I Don’t Understand Bitcoin Maximalism

Daniel Kuhn

Bitcoiner's bitcoiners give me their spiel.

Opinion

Challenges of Dealing With Cryptocurrencies in Israel

Lior Yaffe

A mix of high taxes, burdensome regulation and an antagonistic banking sector makes starting a crypto business in the Holy Land unviable.

Ether

Furniture Retailer Ethan Allen, Tired of Its Search Traffic Going Into the Ether, Changes Stock Ticker

Cheyenne Ligon

Ethan Allen’s stock prices soared earlier this year as traders confused its ticker for the symbol for ether.

Marathon Digital

Fidelity Takes 7.4% Stake in Marathon Digital

Nelson Wang

The investment reflects growing institutional and individual interest in investing in crypto-related companies.

Coinbase

Coinbase Is Expanding Its Payment and Cash-Out Methods

Cheyenne Ligon

users with any Visa or Mastercard debit card linked in their Apple Wallets will automatically have Apple Pay appear as a payment method when transacting with Coinbase on their cellphones.

Learn

Recent

What Ethereum Upgrade Means for Crypto World, Oscar Mayer's Single Pack "Hot Doge Wiener" Sold for 10,000 Dogecoins

"The Hash" hosts discuss today's top stories: Ethereum's price jumped after the London upgrade; here's what that means for the industry and investors. JPMorgan is now offering an in-house bitcoin fund for private bank clients. Oscar Mayer managed to auction off a single pack of "Hot Doge Wiener" for 10,000 dogecoins. What's behind the frenzy? Plus, U.K. fashion house Burberry gets into the hot NFT market in collaboration with Mythical Games.

Huobi

Huobi Trust Hires Ex-Homeland Security Agent as COO

Jamie Crawley

Huobi Technology's U.S. subsidiary hired the veteran with 20 years law enforcement experience to help it meet regulatory requirements.

Messari

Hedge Fund Billionaire Steven Cohen's Point72 Leads $21M Funding Round in Messari

Tanzeel Akhtar

Messari will use the funding to triple its engineering and research headcount and beef up its analyst hub.

Podcasts

Crypto News Roundup for Aug. 5, 2021

Adrian BlustAdam B. Levine

With Ethereum’s latest upgrade going live plus a look at the impact of crypto lobbyists in Washington, D.C., CoinDesk’s Markets Daily is back with the latest news roundup.

Ethereum

Ethererum Hard Fork Sends Price Jumping as Fees Start to Burn

Lyllah Ledesma

Crypto traders have been hotly anticipating the upgrade while monitoring the deployment for signs of how the changes might affect the pace of new issuance of ether.

Bitcoin Mining

Open-Source Blockchain Explorer Scores Foundry Development Grant

Marc Hochstein

While small in dollar terms, the grant represents an investment in the further decentralization of the Bitcoin ecosystem.

DeFi

Telecoms Giant Swisscom Launches Chainlink Node for DeFi Data

Tanzeel Akhtar

Swisscom joins Deutsche Telekom in providing data to the oracle service.

Axie Infinity

FTX Strikes Deal With Yield Guild Games to Sponsor Axie Infinity Players

Tanzeel Akhtar

The deal gives FTX lifetime naming rights to sponsor 137 players from developing countries.

Ethereum London Hard Fork Activated, Senators File Amendment to Infrastructure Bill After Crypto Industry Backlash

"First Mover" looks into Ethereum's London hard fork activated just moments ago. This comes as the community seeks to reduce Eth supply and improve gas fees. What does that mean for Ether's price in the short and long term and the wide industry as a whole? Plus, the discussion around the crypto tax rules included in the new infrastructure bill continues. Blockchain Association Executive Director Kristin Smith, Fairlead Strategies Founder and Managing Partner Katie Stockton and CoinDesk's Christine Kim join the discussion.