Genesis Mining to End Unprofitable Crypto Contracts

news Marco Polo, the trade finance blockchain network launched in 2017 by R3 and TradeIX, is moving slowly but surely toward production. The latest milestone in the 22-bank blockchain consortium’s methodical piloting process allows a third party to a trade (in this case a logistics provider) to trigger a payment to a supplier in real-time…

The U.S. federal government on Wednesday charged three people with a yearslong phone hacking conspiracy that culminated in the infamous theft of $400 million from FTX as Sam Bankman-Fried's crypto exchange was collapsing.In an 18-page indictment filed in D.C. court, prosecutors accused Robert Powell, Carter Rohn and Emily Hernandez with conspiracy to commit wire fraud

NEWS Oct 12, 2018 at 15:30 UTC Crypto exchange Coinbase is shutting down its institutional-investor focused index fund product, a spokesperson told CoinDesk. A Coinbase spokesperson told CoinDesk that the Coinbase Index Fund – first launched earlier this year – will be formally closed by the end of the month, with customers instead directed to the recently-announced…

Dec 11, 2019 at 10:15 UTCUpdated Dec 11, 2019 at 10:19 UTCYao Qian via CoinDesk archiveChina’s SEC May Soon Have a Crypto-Savvy Department Chief: ReportChina's securities watchdog is reportedly setting up a technology regulation bureau and may soon appoint Yao Qian, the former head of China's central bank digital currency initiative, as its new department…

news Justin Sun, founder of Tron and CEO of peer-to-peer file sharing protocol BitTorrent revealed through tweet that he placed a record-breaking bid of $4.57 million to lunch with crypto-skeptic Warren Buffett as part of the “Oracle of Omaha’s” annual charity auction for the Glide Foundation. The 28 year-old Sun will meet Buffett at Smith…

Sep 30, 2020 at 23:54 UTCUpdated Oct 1, 2020 at 00:08 UTCTwitter CEO Jack Dorsey tweeted his disapproval of Coinbase CEO Brian Armstrong steering his company away from corporate activism.Armstrong wrote in an open letter published Sunday that Coinbase had "an apolitical culture," and that the exchange would not engage in "broader societal issues" or entertain employee…

Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia.Marathon Digital Holdings (MARA), one of the largest publicly traded crypto miners in North America, reported a narrower-than forecast first-quarter loss per share as a rising bitcoin price and increased production helped lift the Florida-based company back toward profitability.The company also said it received another subpoena…

The new compliance services could further boost China’s efforts in the blockchain race against the U.S. (Shutterstock)Feb 5, 2021 at 3:14 p.m. UTCUpdated Feb 5, 2021 at 3:23 p.m. UTCChina’s State-Backed Blockchain Services Provider Partners With EY to Add Ethereum Compliance ToolsThe Blockchain-based Service Network (BSN), the blockchain infrastructure provider backed by the Chinese government,…