SEC Expands Inquiry Into Riot Blockchain, Filing Reveals

news Blockchain investigations firm Chainalysis has added support for five more ERC-20 tokens, expanding the reach of its anti-money laundering tracking service. New coins include Basic Attention Token (BAT), OmiseGO (OMG), Dai (DAI), Maker (MKR) and 0x (ZRX). Together, they represented about 0.4% of the overall crypto market cap, and 0.002% of the market’s 24-hour…

Aug 13, 2020 at 17:16 UTCUpdated Aug 13, 2020 at 17:58 UTCBitcoin mining machines (Michal Bednarek/Shutterstock)Canadian bitcoin miner Hut 8 announced its Q2 2020 earnings Thursday, reporting a sharp drop in revenue. However, the rising value of the firm’s bitcoin holdings helped Hut 8 finish the quarter in the black. The publicly traded company mined…

Nov 26, 2020 at 12:25 p.m. UTCRussian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent ScamsMikhail Mishustin, the Russian prime minister, raised the subject of cryptocurrencies and the need to protect users during the government session on Thursday, according to a transcript.Acknowledging the growing interest in this “relatively new tool,” Mishustin said the government…

When BitTorrent sold to the founder of controversial crypto startup Tron, it wasn't just one of web 2.0's earliest and most prestigious startups that changed hands. It turns out, the peer-to-peer sharing company now owned by Tron founder Justin Sun also took a small stake in Chia Network, a soon-to-be-launched cryptocurrency protocol helmed by BitTorrent…

The wind-up of crypto exchange FTX is set to be “very expensive by any measure” with professional fees already amounting to over $200 million, a court-appointed examiner said in a filing made on Tuesday.Katherine Stadler, a bankruptcy attorney appointed in March to check fees, said lawyers and other professionals had already racked up nearly 35,000…

What do we talk about when we talk about progressive proof-of-work (ProgPoW) on Ethereum?On the surface, ProgPoW is a proposed update to the mining algorithm of the world’s second-largest blockchain by market cap that would theoretically favor less well-resourced miners. At its core, though, ProgPoW has become a flashpoint for how Ethereum makes big decisions. The…

Jul 27, 2020 at 03:00 UTCDevcon 2019 (CoinDesk archives)Ethereum as Lifestyle Brand: What Unicorns and Rainbows Are Really AboutThe lights were dimmed during the last day of Devcon in October 2019. A hush fell over the auditorium in Osaka, Japan. A haunting melody rippled through the crowd of roughly 1,000 people. Everyone knew the dance…

Investing and trading platform Robinhood (HOOD) holds over $3 billion in bitcoin (BTC) in a single wallet that attracted the holdings over several months, wallet data from Arkham Intelligence shows. This makes it the third-largest bitcoin holder behind crypto exchanges Binance and Bitfinex, which hold $6.4 billion and $4.3 billion worth of tokens on single…

Insurance broker Marsh has introduced a digital asset custody insurance product providing capacity up to $825 million, the largest facility of its kind, the firm said in a press release on Tuesday.Marsh, which has over 45,000 staff and is part of professional services giant Marsh McLennan, said the new insurance product will support organizations with