Coinbase (COIN) filed a brief in the U.S. Supreme Court case involving an Internal Revenue Service request for data on hundreds of thousands of its customers back in 2016, arguing the court should “protect Americans’ privacy interests in digital information stored by third-party service providers.” The U.S. tax agency — in an action during the […]
Eric Trump, son of U.S. President Donald Trump and executive vice president of the Trump Organization, said banks will need to utilize blockchain technology if they want to survive the next decade. “The modern financial system is broken, it’s slow, it’s expensive,” he said in an interview with CNBC on Wednesday. “There’s nothing that can […]
New York prosecutors are seemingly considering whether or not to drop their case against Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill, according to a Monday court filing. In a joint letter to District Judge Richard Berman of the Southern District of New York (SDNY), both prosecutors and lawyers for Rodriguez and Hill requested […]
When Dean Skurka joined Bitbuy in 2018, the platform had only four employees, a few thousand users, and about $25 million in trading volume. Fast-forward to today, Skurka now oversees WonderFi: A company that’s consolidated multiple Canadian exchanges, boasts 1.7 million accounts, and guards $2 billion in client assets. But Skurka isn’t just sitting on […]
Arizona has broken new ground in what’s been a race among U.S. states to see which may become first to set up a crypto reserve as a formal part of their fiscal strategy, getting legislation approved with mostly Republican lawmakers in support. It’s unclear whether Governor Katie Hobbs, a Democrat, will look favorably on the […]
Base, the popular layer-2 network from cryptocurrency exchange Coinbase (COIN), is now a “stage 1” rollup, said the company, setting up its path towards full decentralization. The transition to a “stage 1” rollup comes as other layer-2s have also reached that milestone, making these networks less reliant on centralized entities. The move means that Base […]
Robinhood’s (HOOD) record crypto trading revenue from the last quarter of 2024 may prove hard to repeat, according to JPMorgan analyst Kenneth Worthington, who forecast a drop in digital asset volumes for the first quarter of this year. The online trading platform reports first quarter results after the U.S. market close on Wednesday. The fourth […]
Did AI write the sentence that you’re reading right now? Did AI create the photograph you just saw online? Was the shocking, controversial story that tipped an election actually real, or AI-fueled misinformation? These are questions Clara Tsao has wrestled with for years, ranging from protecting national security (where she was the CTO of a […]
Political bettors on Polymarket and other platforms are paying attention to Canada as the nation heads to the polls. As the country’s 45th election comes to a close, a contract asking bettors to predict who will be Canada’s next Prime Minister gives the Liberal Party’s Mark Carney a 78% chance, and the Conservatives’ Pierre Poilievre […]
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2800.9, up 1.3% (+34.92) since 4 p.m. ET on Friday. Nine of 20 assets are trading higher. Leaders: XRP (+5.8%) and SUI (+5.2%). Laggards: BCH (-6.2%) and UNI (-4.8%). […]
Strategic allocation away from U.S. assets by investors could see bitcoin hit a new all-time high in the second quarter of the year, Standard Chartered’s Geoff Kendrick said in a report Monday. Kendrick sees the world’s largest cryptocurrency as reaching $120,000 this quarter as he reiterated his previous target of $200,000 by the end of […]
Ethereum Foundation researcher Dankrad Feist on Sunday filed the Ethereum Improvement Proposal 9698, a plan to let the blockchain’s gas limit grow on autopilot over the next four years. Feist is best known in crypto circles for his efforts in scaling the Ethereum network. The “danksharding” element of the network’s Dencun update was named after […]