Coinbase Taps Amazon Web Services Vet as Engineering VP

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.Binance.US says it's temporarily transitioning to an all-crypto exchange as of June 13, citing pressures from the U.S. Securities and Exchange Commission (SEC), which targeted the company with…

Nearly three years in, Matic, an India-based scaling side chain, has finally launched its mainnet. Credit: MaticMatic Launches Mainnet Aiming to Bring More ‘Firepower’ to EthereumMatic, a sidechain scaling solution for Ethereum, began deploying its mainnet on Sunday. The India-based Matic Foundation announced via a blog post that it had brought 10 nodes online, the…

Mar 16, 2020 at 15:00 UTCUpdated Mar 16, 2020 at 15:29 UTCWorking at internet giant Baidu provided too much temptation for one employee, who got in legal hot water for harnessing the firm's massive trove of servers to mine cryptocurrency.According to a report from China-focused news site Abacus on Monday, An Bang – a senior…

Jul 14, 2020 at 12:44 UTCUpdated Jul 14, 2020 at 13:14 UTCVitalik Buterin attends a recording of Laura Shin's Unchained Podcast. (Credit: Christine Kim for CoinDesk)Five Years On, Ethereum Really Is the ‘Minecraft of Crypto-Finance’Camila Russo is the founder of The Defiant and author of “The Infinite Machine,” the first book on the history of…

In August alone, the M2 money supply rose nearly 1%, and the Fed since has trimmed interest rates 50 basis points, with what looks like another 50 basis point rate cut coming in November. Aggressive monetary easing by China and the U.S. Federal Reserve has driven asset price increases, with cryptocurrencies leading the charge since

Blockchain startup Oasis Labs has teamed up with some notable venture capital firms and hedge funds to launch a new technology startup program. Announced Tuesday, the Oasis Startup Hub will focus on aiding firms building "privacy-first computing on blockchain" platforms, according to a press release. Accel, a16z crypto, Binance Labs, Pantera Capital and Polychain Capital will…

markets View Bitcoin has charted a so-called death cross with recent the drop to $7,400. The bearish cross comes as a result of the 47 percent slide from the 2019 high of $13,800, and as such is a lagging indicator. Historical data shows BTC tends to bottom out after a death cross. The cryptocurrency has…

Is the XRP Army ready to storm Ethereum?Announced Friday, Wrapped XRP (wXRP), a digital asset backed 1:1 by XRP, will make the cross-chain jump into Ethereum-based decentralized finance (DeFi) starting in December, courtesy of Wrapped and Hong Kong-based crypto custodian Hex Trust.The new connectivity for XRP holders will allow access to various DeFi applications, whether…

Tether is doing "the best we can" to crack down on illicit crypto use, CEO Paolo Ardoino told CoinDesk. USDT's role in illicit finance is a "drop in the ocean" compared to the U.S. dollar's, he added. The company "doesn't expect any political favors by anyone," he said of Howard Lutnick's role in Donald Trump's