Statechains, and Trading the Panopticon for Magical Internet Money

Nexus Mutual, a startup that provides decentralized alternatives to traditional insurance, has partnered with InShare, a firm that manages mutual insurance organizations, to bring blockchain-based cover to real world risks.The partnership sees Nexus adding some of its $274 million on-chain capital pool capacity to The Retail Mutual, a U.K.-based mutual organization comprising more than 5,000…

Jul 2, 2020 at 17:45 UTCUpdated Jul 2, 2020 at 18:21 UTCBitcoin News Roundup for July 2, 2020With traditional markets moving up and BTC sticking to its recent tight trading range, Markets Daily is back with another bitcoin news roundup. For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts,…

"Events of the last six months have put a damper on entities wanting to bank this space [crypto]," said another panelist, Richard Booth, chief compliance officer of Fortress Trust Company. "But it's legal business and I think that every business in this country is entitled to access to banking rails." He added that "the regulation,…

Derivatives giant Chicago Mercantile Exchange's (CME) regulated bitcoin (BTC) and ether (ETH) futures saw record participation from large traders in the second quarter.The number of large open interest holders, or entities holding at least 25 bitcoin futures contracts, averaged a record 107 in the second quarter, the CME said in an email to CoinDesk. Ether's…

Dec 1, 2020 at 3:17 p.m. UTCThomas Chippas, Chief Executive Officer at ErisX(CoinDesk archives)Bitcoin Derivatives Firm ErisX Adds Cash-Settled Contracts After Physically-Settled Futures Fall FlatCryptocurrency derivatives platform ErisX launched cash-settled bounded futures on Tuesday, after seeing little interest from the market for its physically-settled futures. ErisX CEO Thomas Chippas said the company had released physically-settled futures…

Foundry Digital, which is among the world’s top five bitcoin mining pools, launched a new business called “Foundry Staking” to provide services to institutions related to various proof-of-stake (PoS) blockchain networks.“We have made significant investments in engineering talent and PoS infrastructure to replicate our mining success in the fast-growing staking industry,” said Foundry CEO Mike…

Decentralized finance (DeFi) died yesterday. No protocols actually failed or tokens crashed to zero – though that was a distinct possibility. The interlinked economy of intermediary-less lenders, exchanges and trading tools is still, technically speaking, chugging along.But the spirit that propelled DeFi forward, the dream of disintermediating money from power and providing easy access to…

The crypto lobby is more powerful than ever this year, and has already shaped some key Congressional electionsThe crypto industry is hoping that a friendlier and more educated group of lawmakers could finally push through a regulatory framework for cryptocurrenciesThough crypto-holding voters tend to prefer Trump for president, industry insiders are split on whether or

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 . Latest Prices 00:52 Ether ETFs Saw Biggest Outflows Since July 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April