The Other FTX Case

Businesses "usually have little to no knowledge of suppliers further up the [supply] chain,” wrote the WEF contributors. (Image via Shutterstock)The World Economic Forum (WEF) said Monday that blockchain and digitization can help supply chains survive crises like COVID-19.In a co-written blog post by WEF’s Head of Digital Trade Ziyang Fan and Rebecca Liao, executive…

Sep 17, 2020 at 22:50 UTCUniswap’s Distribution Is Built on Something That Can’t Be Forked: Actual Users“I think that Uniswap is one of the premier DeFi [decentralized finance] protocols, and its token is as well,” Sam Bankman-Fried, CEO at Alameda Research, told CoinDesk via email. “It has been the largest decentralized trading venue for a…

news Multicoin Capital announced Monday that it has led a $2.5 million seed round in a company that makes it easier to gather data from public blockchains. There’s plenty of useful data accumulating on blockchains, but the database structure doesn’t make it simple for everyone to collect and utilize. A team called The Graph is building open…

Dec 13, 2019 at 21:03 UTCKrona image via ShutterstockAccenture Picked to Build Sweden’s E-Krona Digital Currency PilotSweden’s central bank has tapped Accenture to develop its e-krona digital currency pilot project, the Riksbank announced in a press release Friday.Accenture will build out the e-krona’s consumer-facing features – such as how a user would pay on various…

Bitcoin reversed Tuesday's decline to climb above $73,000 early Wednesday.Spot BTC exchange-traded funds noted the highest inflows in both bitcoin and dollar terms since they started trading in January.Bitcoin's price behavior suggests institutional investors are leading the market activity, some observers said.Bitcoin (BTC) climbed above $73,00 early Wednesday, adding 2.5% in 24 hours to reverse

Oct 15, 2020 at 09:16 UTC( Arun Kuchibhotla/Unsplash)A 40-year-old man from Auckland, New Zealand, faces a wave of charges for money laundering via allegedly shady cryptocurrency transactions and luxury car purchases.According to reports by the NZHerald, the man, granted interim anonymity after he appeared at the Auckland District Court on Thursday, faces 30 charges in…

Cryptocurrencies slid Tuesday as Kraken started to distribute assets to creditors of defunct exchange Mt. Gox, with the potential sell pressure weighing on the market. Bitcoin {{BTC}} tumbled to $65,500, down nearly 4% over the past 24 hours, while bitcoin cash {{BCH}} plummeted more than 7% over the same period. The broad-market crypto benchmark CoinDesk

Money doesn't make the world go round; credit does. Credit predates any known form of currency and was in use at least as far back as the ancient civilization of Sumer around the year 3500 B.C.E. In Sumer, citizens could get loans for agricultural purposes, later paying these back via a percentage of their crop.…

Cathie Wood's ARK Invest sold around $12.85 million worth of Grayscale Bitcoin Trust (GBTC) shares from its Next Generation Internet (ARKW) exchange-traded fund (ETF) on Monday, the biggest sale in more than a year.The offload of 395,945 GBTC shares from ARKW leaves the fund with about $112.7 million worth of GBTC, a weighting of 6.95%.