CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

May 24

How the Coveted ‘COIN’ Ticker Found Its Way to Coinbase

Ian AllisonApr 12, 2021

London-listed Coinsilium has been trading under COIN since 2015. The Winklevoss twins registered the symbol for their proposed bitcoin ETF back in 2014. How did Coinbase land it in 2021?

Cross-chain trades

Thorchain Is Ready to Grease the Wheels of Crypto-to-Crypto Trading

Brady DaleApr 13, 2021

Set to launch Tuesday, the network would allow trading of assets from different blockchains without middlemen or synthetic “wrapped” substitutes.

Europe

Europe’s Investment Bank Plans to Settle Bonds in Euros Using Blockchain: Report

Sebastian SinclairApr 13, 2021

The EU union's lending arm is reportedly readying a digital bond sale using blockchain technology.

Binance

Binance Allows Users to Trade Tokenized Stock Tokens Starting With Tesla

Jamie CrawleyApr 12, 2021

Users will be able to purchase as little as one-hundredth of a Tesla share, with prices settled in Binance USD (BUSD).

Coinbase Listing

Rap Icon Nas Could Net $100M When Coinbase Lists on Nasdaq

Ian AllisonApr 12, 2021

Nasir Jones’ QueensBridge Venture Partners invested in 2013. A source familiar with the matter confirmed QueensBridge is still on the Coinbase cap table.

NFTs

Wall Street NFTs? New York Stock Exchange Apparently Has an NFT Strategy

Danny NelsonApr 12, 2021

The world’s largest bourse has minted a batch of “first trade” NFTs. Oddly, they’re not for sale, according to a source with knowledge.

Mining

Nvidia Revenue Outpaces Q1 Forecasts, Partly Driven by Crypto Chip Demand

Colin HarperApr 12, 2021

The revenue for its crypto-specific GPUs is three times the company's projections.

Institutional Investments

Q1 2021 Industry Trends: Institutional Interest in ETH Ramps Up

Christine KimApr 12, 2021

These three events and two metrics show how ether markets are maturing.

Podcasts

Coinbase Going Public Is the Bitcoin Bull Market’s First Big Test

Nathaniel WhittemoreApr 12, 2021

This inflection point moment could have major implications for where markets head next

Opinion

How to Minimize Your Crypto Taxes

Clinton Donnelly Dennis WohlfarthApr 12, 2021

Your tax strategy may be every bit as important as your investment strategy, say two crypto tax experts.

Opinion

DeFi Governance Needs Better Tokenomics

Chris Berg Sinclair DavidsonApr 12, 2021

The Fei stablecoin's troubled launch last week reveals a misalignment in how DeFi projects are sometimes governed, say two RMIT researchers.

Inflation

Higher US Inflation Expected in March CPI Report, and Bitcoin Traders Are Watching

Damanick DantesApr 12, 2021

Analysts expect higher inflation ahead of U.S. March CPI report despite Fed's wait and see approach.

Stellar

Stellar Foundation Implements Protocol Upgrade Following Node Outage

Sebastian SinclairApr 12, 2021

A fix has been implemented after an outage caused certain nodes, including those run by the Stellar Development Foundation, to go offline.

NFTs

Topps to Launch Official MLB NFTs in Bid to Best NBA Top Shot

Danny NelsonApr 12, 2021

The baseball card company, fresh on the heels of announcing plans to go public, is launching official MLB collectibles on the Wax blockchain later this month.

Bitcoin White Paper

Square-Led COPA Sues Craig Wright Over Bitcoin White Paper Copyright Claims

Benjamin PowersApr 12, 2021

Nobody puts bitcoiners in a corner.

Recent

Thailand

Thailand’s Fourth Largest Bank by Assets Exploring DeFi Offering: Report

Sebastian SinclairYesterday at 9:55 p.m. UTC

The chairman of KBank's technology arm said DeFi is a "key exploration" for the banking group throughout 2021.

Futures

JPMorgan Says Bitcoin ETFs Could Shrink CME Futures Premium

Omkar GodboleYesterday at 8:47 p.m. UTC

"Launching a bitcoin ETF in the U.S. will be the key to normalizing the pricing of bitcoin futures," according to JPMorgan.

Coinbase Listing

Market Wrap: Bitcoin Near $60K as Coinbase Listing Stirs Fresh Crypto Hype

Muyao ShenYesterday at 8:38 p.m. UTC

The listing could spur newbie investors to try cryptocurrencies.

Will Bitcoin Make History This Week Like Coinbase Has?

Paradigm's General Counsel Gus Coldebella joins "All About Bitcoin" to discuss today's top stories, including Coinbase's public listing and valuation, bitcoin ETF applications, and the new pro-crypto trade group Paradigm joined along with Coinbase, Fidelity and Square. Plus, Chart of the Day and bitcoin markets analysis with Matt Weller of Forex.

Yesterday at 7:00 p.m. UTC

Opinion

There’s Certified Fair Trade Coffee, So How About Certified and Persistent NFTs?

Brady DaleYesterday at 6:09 p.m. UTC

As the hype dies down, the pressure is off to mint every NFT imaginable for a quick buck and the industry can turn its attention to less sexy but crucial foundational matters.

Canaan

Canaan Plunges as Inventory Issues Slashed Q4 Bitcoin Mining Machine Sales

Colin HarperYesterday at 6:01 p.m. UTC

Despite bull-market-driven demand for the company’s bitcoin mining machines, Canaan’s Q4 revenue plummeted due to COVID-related supply chain issues.

Cryptocurrency Investments

Digital Asset Fund Inflows Declined Last Week as Bitcoin Prices Stagnated

Damanick DantesYesterday at 5:45 p.m. UTC

Last week was the first week of no outflows across funds since mid-February.

Telegram Is Nearly Done Paying Back TON Investors, Eyes IPO Next

Anna BaydakovaYesterday at 4:58 p.m. UTC

Telegram is closing the page of its $1.7 billion token sale and paying back its last debts to the token buyers. The company just raised more funding via bonds and planning an IPO.

Opinion

Predicting the Future Is Easy, Profiting Is Hard

Paul BrodyYesterday at 4:46 p.m. UTC

There are obvious crypto investments to make but, judged by the dot-com boom, they may not be the best ones, says EY's blockchain lead.

Recent

Bitcoin Mining

BitRiver Is Selling Tokens to Build More Bitcoin Mining Farms in Siberia

Anna BaydakovaYesterday at 4:23 p.m. UTC

Mining company BitRiver is launching its own token, aiming to raise $35 million on Bithumb

Topps Launches MLB NFTs, Tesla Stock Tokens Start Trading and More

"The Hash" panel tackles today's hot topics: Galaxy Digital is the latest to file for a bitcoin ETF, influential investor Daniel Loeb outed as a bitcoin holder, Topps launches MLB NFTs and Tesla stock tokens start trading on Binance.

Yesterday at 4:00 p.m. UTC

Podcasts

Bitcoin News Roundup for April 12, 2021

Lyllah LedesmaAdam B. LevineYesterday at 3:58 p.m. UTC

As BTC's battle with $60K rages on, we're talking news of the day plus a more nuanced take on Peter Theil's recent comments on bitcoin against the modern geopolitical backdrop.