This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories The U.S. Securities and Exchange Commission (SEC) is delaying a decision on an application by Hashdex to convert…
Presidential hopeful Vivek Ramaswamy has revealed a crypto plan that aims to protect core aspects of the industry, including software developers and unhosted digital wallets. He says he wants to shrink the federal government dramatically and steer crypto into a clear regulatory structure that generally considers tokens to be commodities.…
Crypto industry stakeholders have asked the U.K. government to consider extending regulatory exceptions for foreign TradFi firms to crypto. The U.K. government has said it doesn’t plan to do so. The tough requirements on foreign crypto firms could drive business away from the aspiring digital asset hub, lawyers told CoinDesk.…
Decentralized finance (DeFi) platform Sushi said it is expanding to layer-1 blockchain ZetaChain to add native bitcoin (BTC) support. The addition of ZetaChain, which raised $27 million earlier this year, introduces the first native bitcoin trading in DeFi, enabling users to swap the largest cryptocurrency across 30 networks without wrapping,…
Upon returning from Token2049 in Singapore, my perceptions have been profoundly reshaped. What truly astounded me was the depth and dynamism of the Asia-Pacific (APAC) region in the Web3 realm. While the United States and Europe often dominate the global crypto conversation, I’d always sensed that APAC held more than…
Benefits of blockchain technology include trust, transparency and traceability, alongside many other performance improvements. Yet the misconception that crypto is used primarily for money laundering still prevails. Based on publicly available data, there’s been a record increase of 237% of bitcoin wallet holders with over $1 million in them –…
Decentralized finance (DeFi) users will receive an airdrop from pricing oracles network Pyth next week with 255 million tokens set to be issued to 90,000 wallets. Pyth network competes with the likes of Chainlink. It will work by gathering first-party pricing data from exchanges, trading firms and institutions before relaying…
Taproot Wizards, a Bitcoin-focused Ordinals project, raised $7.5 million in seed funding to try and “make bitcoin magical again.” The investment round was led by crypto-focused venture capital firm Standard Crypto, with contributions from Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey and Newman Capital, according to a…
Nassau, The Bahamas — In early 2022, Ryan Austin was part of a non-profit foundation devoted to teaching people in The Bahamas how to code. One of the early donations it received was from FTX, Sam Bankman-Fried’s now-defunct cryptocurrency exchange that operated from the nation. The $30,000 contribution was made…
This op-ed is part of CoinDesk’s Tax Week, presented by TaxBit. Matan Doyich is the co-founder and CEO of Crypto Index. Far from being just another set of rules, the Internal Revenue Service’s (IRS) proposed “broker rule” aims to establish an overarching taxation framework for digital assets. It’s also become…