Author: Journalist

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Source link

U.S. President-elect Donald Trump wants Cantor Fitzgerald CEO Howard Lutnick — a vocal cryptocurrency enthusiast who has been stablecoin giant Tether’s (USDT) Wall Street banker for years — to serve as his Commerce Secretary, not Treasury Secretary.Lutnick was one of many vying for the powerful Treasury Secretary role, but reports over the past few days suggested his stock had fallen in Trump’s eyes. Tuesday’s announcement that he would be nominated to the Commerce role instead supports that, despite Lutnick’s role as part of Trump’s transition team. Punchbowl News and The Wall Street Journal first reported his new designated position earlier…

A notable 76% of family offices surveyed during the second half of this year have crypto exposure, according to a report authored by Aspen Digital.DeFi, AI, and DePin are key areas of interest.Private wealth is long-term bullish on crypto, expecting BTC to trade in five figures by the end of December.A growing number of Asia-based private wealth managers are entering the crypto market, with some forecasting bitcoin (BTC) will hit $100,000 by year’s end, according to a report by digital asset technology platform Aspen Digital.Digital assets have emerged as an alternative investment class for private wealth in Asia, with 76%…

Hex Trust says it has received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution License.This has been a multi-year process for the custodian, but will be well worth it as regulation is the future, its CEO Alessio Quaglini said in an interview.Crypto custodian Hex Trust announced on Wednesday that it has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license.Major Payment Institution licenses allow firms in Singapore to conduct multiple payment services and deal with Digital Payment Tokens (DPTs). The licensing regime was created under the Payment Services…

The company behind the ENS blockchain domain service has cinched a plan to build its own layer-2 blockchain, dubbed “Namechain.”Namechain will be a zero-knowledge rollup, and will likely go live around the end of 2025.ENS Labs, the company behind the Ethereum Name Service, is moving ahead with a plan to launch its own layer-2 network.Namechain, as the new network is called, should go live around the end of next year, ENS Labs’ chief operating officer, Katherine Wu, told CoinDesk. It will use zero-knowledge rollups, a scaling technology that speeds blockchain transactions and reduces the cost of executing them by compressing…

Over two years ago, Sam Altman, co-founder of OpenAI, launched Worldcoin, a blockchain project known for its distinctive metal orb used to scan eyeballs.Recently rebranded as “World Network,” the platform provides users with digital passports — verified through the iris scans — to help online services differentiate humans from bots in an AI-driven internet.Now, a group of crypto veterans, including the co-founders of decentralized finance juggernaut Lido, are preparing to launch “Y,” a blockchain identity platform aimed squarely at competing with World Network.CoinDesk obtained an internal planning document for the new project. A person close to Cyber Fund, the venture…

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Source link

Bitcoin has become the seventh largest asset on the planet, recently surpassing Saudi AramcoBitcoin dominance continues to make new highs, recently touching 61.38%U.S. spot-listed ETFs see over $4.7 billion in net inflows in the past six trading daysBitcoin (BTC) is on a roll.The largest cryptocurrency by market capitalization has just become the seventh-largest asset by market cap on the planet, overtaking oil giant Saudi Aramco. Its dominance over the crypto industry set a high of 61.38% and the price hit a record of over $93,000 on Wednesday.A large part of the recent success is due to U.S. President-elect Donald Trump’s…

Flare and Red Date Technology are conducting trials in Hong Kong to allow mainland Chinese residents to purchase stablecoins issued by IDA through anonymous registration and compliance with Chinese real-name laws.The initiative uses the China Real-Name Decentralized Identifier System (RealDID) to enable legal transactions with stablecoins like HKDA, aligning with Hong Kong’s new stablecoin regulations.Major stablecoins such as Tether and Circle’s U.S. dollar stablecoins do not appear to be included in these trials.Layer-1 blockchain Flare and decentralized cloud infrastructure company Red Date Technology have announced two trials that will allow mainland Chinese residents to buy stablecoins issued by virtual asset…

Cardano’s ADA hit the highest level since May 2022.On-chain activity shows large traders are participating in the price rally.As bitcoin (BTC) gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — capital is rotating into alternative cryptocurrencies, creating a buzz in the broader crypto market.Amid the excitement, proof-of-stake smart-contract blockchain Cardano’s native cryptocurrency ada (ADA) is having its moment. The token has surged 10% in the past 24 hours, trading at 90 cents early Friday on Coinbase and other exchanges. That’s the highest price since May 2022, according to CoinDesk Indices data.The price…