Reclaiming Purpose in Crypto: CoinDesk’s Projects to Watch 2023

Raft, a stablecoin issuer whose flagship token is backed by staked ether (stETH) from Lido, crossed $55 million in total value locked today, a sign of strength for the roughly three week-old protocol.Raft’s TVL has increased 4,595% since June 5, growing even as other protocols building stETH-backed stablecoins have stalled, such as Lybra, whose TVL…

(Aristo Rinjuang/Unsplash)OKCoin Exchange Awards Grant to One of Bitcoin Core’s Most Active DevelopersAnnounced Thursday, exchange OKCoin is awarding their largest individual grant so far to Bitcoin Core maintainer Marco Falke, the second most prolific contributor to Bitcoin Core in the software’s history.  OKCoin is awarding Falke an Independent Developer Grant, which is the “equivalent of…

news View Bitcoin closed below $9,614 on Tuesday, confirming a bearish reversal on the daily chart. The invalidation of bullish higher-lows pattern is backed by bearish developments on the short-term charts. Prices risk falling to $9,097 (May 30 high) in the next 24 hours. A close below that would expose the 100-day moving average line,…

BlackRock last week unveiled its first tokenized fund on a public blockchain.The investment manager has involved key institutions from both the TradFi world and the crypto sector.On-chain funds could be a new category of growth for asset managers, Bernstein said.The launch of BlackRock’s (BLK) first tokenized fund on a public blockchain is significant because of

news Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances. According to a report from SBS-AAP, the country’s Communist government announced on state-run TV that it would potentially use crypto as part of a package aimed to boost incomes for as much as a quarter of Cubans and…

news A new startup called CasperLabs has launched with the aim of building a new blockchain based on a version of proof-of-stake (PoS), the experimental consensus protocol most associated with ethereum. Ethereum Foundation researcher Vlad Zamfir will serve as lead consensus protocol architect of the company, confirming earlier reports of his association with the startup.…

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Hydra Head, a scaling tool to make transactions on the Cardano blockchain even faster, is now active on the mainnet, the developers tweeted Thursday.The tool is the first in…

AI and crypto combined could add a total of $20 trillion to the global economy by 2030, the report said.Bitwise notes that bitcoin miners have all the resources that AI firms need.Crypto and AI have the potential to intersect in other areas other than mining such as information validation and virtual assistants.Artificial intelligence (AI) and

Bitcoin whales can significantly impact the price of bitcoin when they decide to buy or sell BTC in large quantities, making them some of the most important Bitcoin market participants.Read on to learn more about bitcoin whales, how they influence the market, and how you can spot them.This is partner content sourced from Laura Shin’s Unchained and