Bitt Inks Blockchain Deal With Another Caribbean Central Bank

Skeptical remarks from key Democrats Wednesday are questioning the chances for U.S. stablecoin legislation that the crypto industry has been relying on as the first real oversight effort.The House Financial Services Committee held its first hearing on stablecoins in 2023 on Wednesday, anchoring to a discussion draft bill created by Reps. Maxine Waters (D-Calif.) and…

A lawsuit brought by a trio of venture capital firms against the CEO of decentralized finance giant Curve Finance, Michael Egorov, was rejected by a California judge partly because the defendant didn’t live in the state when the alleged misdeeds took place.ParaFi Capital, Framework Ventures and 1kx had accused Egorov of engaging in a “brazen”

Oct 9, 2020 at 12:39 UTCUpdated Oct 9, 2020 at 12:50 UTCS&P 500 companies have a combined $2.3 trillion in cash and short-term investments, a new money pot for bitcoin marketers. (Oskay/Creative Commons, modified by CoinDesk)First Mover: Bitcoin Hits $11K as Square Exposes $2.3T Corporate Money PotPayments company Square’s announcement that it would put some…

Aug 10, 2020 at 18:33 UTCEthereum Classic’s Terrible, Horrible, No Good, Very Bad WeekEthereum Classic developers were still licking fresh wounds late last week when yet another 51% attack was launched against their blockchain early Thursday morning.  And as the bits settle, the proof-of-work blockchain’s future remains in question more than ever. The first attack…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Brandy covers crypto-related venture capital deals for CoinDesk. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Investment in crypto companies, which poured in at a record pace during the 2021 bull market, slowed…

news Venezuela and Russia are in talks to use the ruble in mutual trade settlements, thereby abandoning the commonly-used US dollar in country-to-country transactions. Further, the two countries are considering using El Petro, Venezuela’s oil-pegged cryptocurrency, as another medium of exchange. Venezuela‘s UN representative, Jorge Valero, told Russian house organ Russia Today about the upcoming…

news CoinDesk will be visiting Buenos Aires tomorrow and we’d love to meet some of our readers for an informal gathering on Friday, August 16 at 6pm. We will meet at AvantGarten, Av. Del Libertador 3883.We’re happy to pick up a few beers and a little food for the group but it sadly won’t be…

Web3 payments infrastructure provider Transak joined Visa Direct, making it easier for its users to convert their cryptocurrency holdings into regular currency.Transak’s payment and onboarding services allow users to buy and sell crypto assets, handling the know-your-customer (KYC) requirements, risk monitoring and compliance on behalf of its clients, which include MetaMask and Coinbase Wallet. The

Feb 12, 2020 at 21:00 UTCUpdated Feb 12, 2020 at 21:20 UTCOpyn co-founder Zubin Koticha. (Courtesy photo)Options Protocol Brings ‘Insurance’ to DeFi Deposits on CompoundTrustless insurance has arrived on decentralized finance (DeFi). At least on the Compound protocol, the collateralized lending platform that runs on ethereum. The new product, from a company called Opyn, allows people…