News

Bittrex and Poloniex Move for Summary Judgment in Market Manipulation Case

Attorneys representing cryptocurrency exchanges Bittrex and Poloniex notified Judge Failla of the Southern District of New York Friday of their intention to move for summary judgment in a class action case that alleges they, along with Tether and Bitfinex, were involved in fraud and market manipulation, according to court filings. Update (August 8, 02:32 UTC): This …

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5 Years After Launch, Predictions Market Platform Augur Releases Version 2

Augur released the second version of its betting platform Tuesday. The project was one of Ethereum’s first in 2015 with angel investments from Vitalik Buterin. Its v2 adds a suite of new crypto tools including IPFS, MakerDAO’s Dai, 0x Mesh and Uniswap’s pricing oracles. The ultimate decentralized finance (DeFi) money Lego has arrived: Augur Version …

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Social Media Is Democracy’s Faultline: The Breakdown Weekly Recap

From PayPal crypto confirmed to action in central bank digital currencies, these were six themes shaping the week. On this edition of the Weekly Recap, NLW explores: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk …

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Circle Confirms Freezing $100K in USDC at Law Enforcement’s Request

The CENTRE Consortium blacklisted a USDC address in response to a law enforcement request, freezing $100,000 worth of the stablecoin, a spokesperson said Wednesday. CENTRE, which issues the dollar-pegged USDC on top of the Ethereum blockchain, confirmed the move, though Circle spokesperson Josh Hawkins, speaking on behalf of the joint Circle-Coinbase operation, said he could …

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Matic Network Aims for 80% Token Lockup in New Staking Program

Matic Network announced Sunday that the first iteration of its staking solution was now live. Launched in stages, direct staking will initially be restricted to the Matic Foundation, the non-profit behind the Ethereum-based scaling solution, which will stake tokens on users’ behalf, the company said in a press release. The Matic Network is a dapp-ready …

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Market Wrap: Bitcoin Quiet at $9.3K While DeFi Gets Loud

It’s a lethargic Thursday across most markets, including bitcoin. Yet, on a longer-term view, the big growth story remains the Ethereum network’s DeFi movement, which continues to help drive ether’s performance in 2020.  Bitcoin (BTC) was trading around $9,395 as of 20:00 UTC (4 p.m. ET), gaining 0.97% over the previous 24 hours.  At 00:00 …

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Iran Moves to Restrict Crypto Exchanges Under ‘Currency Smuggling’ Laws

The Iranian government just made conduits to cryptocurrency markets riskier, and more confusing, than ever before.  According to Iranian news outlet ArzDigital, the parliament published a proposal this week to include cryptocurrency in existing “currency smuggling” and foreign currency exchange regulations. The result of this prospective regulation is Iranian entrepreneurs face a heightened risk of …

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The CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining

Founded in 2013, the Beijing-based Bitmain Technology remains at the center of the crypto economy. With its flagship AntMiner bitcoin mining equipment still dominating the hardware market and its mining pools accounting for about a quarter of the bitcoin network’s computing power, it retains a uniquely powerful place in the ecosystem of by far the …

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Scams, Schemes and Crypto Privacy, Feat. Preston Byrne

CoinDesk reporter Leigh Cuen is joined by attorney Preston Byrne, a partner at the Washington, D.C., office of Anderson Kill, to talk about schemes, scams and constitutional rights. For daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS. …

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