Wingbits, a decentralized physical infrastructure (DePIN) startup focused on the aviation industry, has raised $5.6 million in funding. DePIN, the model of using hardware secured by a decentralized network, could be seen as a blockchain equivalent of the cloud computing services offered by Big Tech giants like Amazon and Google. The investment round, which takes … Read more
It’s been a rough year for the Ethereum Foundation, the grant-giving nonprofit that helps support Ethereum, the best-known blockchain behind Bitcoin. As Ethereum loses market cap and mindshare to competitors, the foundation has been beset by scandal. Vitalik Buterin, Ethereum’s co-founder and chief figurehead, has laid out a new plan to right the ship. “We … Read more
Gary Gensler only officially stepped down as chairman of the U.S. Securities and Exchange Commission (SEC) yesterday, but the federal agency’s approach to crypto is already getting an overhaul. Acting Chair Mark Uyeda announced Tuesday that the agency has created a crypto task force dedicated to “developing a comprehensive and clear regulatory framework for crypto … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3890.01, down 0.4% (-15.92) since 4 p.m. ET on Monday. Ten of 20 assets are trading higher. Leaders: DOT (+1.9%) and POL (+1.5%). Laggards: ADA (-3.2%) and HBAR (-2.4%). … Read more
CoinDesk Indices, a subsidiary of CoinDesk, has introduced the CoinDesk 80 Index to address the increasing institutional demand for liquidity across diverse digital assets. The new offering is designed to track the performance of the next 80 digital assets beyond the CoinDesk20 Index, according to a press release. The Bullish exchange, which has surpassed $1 … Read more
Circle, the crypto company behind the $48 billion USDC stablecoin, said Tuesday it has acquired tokenized real-world asset (RWA) issuer Hashnote. The companies closed the deal this morning, a Circle spokesperson told CoinDesk and was announced in Davos, Switzerland during the annual World Economic Forum meeting. The companies didn’t reveal pricing details. Circle aims to … Read more
Crypto issuers surely seem to think anything is possible now that Donald Trump is in office. Exchange-traded fund issuer Rex Shares and crypto asset manager Osprey Funds on Tuesday filed for numerous crypto-focused exchange-traded funds (ETF), including a Trump ETF, according to a filing with the Securities and Exchange Commission (SEC) on Tuesday. The ETF … Read more
Smart Valor, a crypto exchange and AI-led investment company, is exploring a possible sale of all or part of its business. The Zug, Switzerland-based company is conducting a strategic review after receiving a number of inquiries from large global exchanges, crypto platforms and traditional finance (TradFi) institutions including banks and trading platforms, CEO and co-founder … Read more
Bitstamp, the longest running cryptocurrency exchange, plans to roll out regulated crypto derivatives trading in Europe, according to two people with knowledge of the matter. With its long-standing focus on compliance, Bitstamp is one of a select group of crypto trading platforms to hold a Markets in Financial Instruments (MiFID) license, a pan-European regulatory framework … Read more
KULR (KULR), a maker of advanced energy-management systems, said it spent $8 million on bitcoin (BTC) to take its total holdings to 510 tokens. At a weighted average price of $101,695, that equates to almost 79 bitcoin and means the company’s total investment is now $50 million. The purchase follows the Houston, Texas-based company’s Dec. … Read more