Solana Leads in Blockchain Payments, Faces Limitations, as Stablecoin Market Expands: Bernstein

Solana is conducting pilots with Visa and Shopify, but it’s unclear whether the blockchain can break into more mainstream consumer and business-to-business payments, which would require a massive jump in scalability, the note said. “Scalability requirements for consumer payments would require 15-20 fold growth from here (Solana ~700 TPS versus 10K+ for payment networks), and … Read more

DeFi Firm 1inch Introduces Web3 Debit Card in Partnership With Mastercard and Baanx

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a … Read more

Metaplanet Shares Soar as Japanese Firm Adopts Bitcoin (BTC) Buying Policy

The strategy also mimics that of Tysons Corner, Virginia-based MicroStrategy, the software developer that in 2020 said it would start building up its holdings of bitcoin. Since then, its stock price has often mirrored the fluctuations in bitcoin’s price, reflecting investor sentiment toward the cryptocurrency market. It is now the largest corporate owner of bitcoin, … Read more

Crypto Does Not Have an Illicit Finance Problem, Bad Actors Do

While Senators weigh the merits of Adeyemo’s important testimony, they should also weigh the consequences of more than five years of U.S. policy inaction in regulating the very wayward corners of the crypto industry that pose the greatest threats to consumers, markets and, indeed, national security. U.S. policymakers and regulators, from Treasury Secretary Janet Yellen, … Read more

Crypto Trader Eisenberg’s $110M Fraud Trial to Put DeFi Under Microscope

In court on Monday, prosecutors and defense teased upcoming testimony from Mango’s founder, Dafydd Durairaj. He spoke with a ransomware negotiator for assistance in the wake of Eisenberg’s trade, prosecutors said. This fact, they argued, could help the jury understand that Durairaj did not view the negotiations as an “arm’s-length” deal between two parties, but … Read more

Ether (ETH) Rallies to $3.6K as Bitcoin (BTC) Holds Steady at $71K

Some traders were positioned for bitcoin leadership after the ether-bitcoin ratio dipped below key support last week. As such, ETH’s market-beating rise has brought rapid adjustment in market positioning, leading to a sharp uptick in the perpetual funding rates or cost of holding long/short positions, Singapore-based QCP capital explained in a note on Telegram. The … Read more

What’s at Stake for the Crypto Universe

“A close election is a given,” said Abel Seow, the Seoul-based BitGo Asia-Pacific director. “But it’s hard to say whether crypto will be a deciding factor. What I can say is that with the passage of time and each cycle, the market has become bigger and bigger. Not only the involvement of investors but also … Read more

BCB Group Moves Custody of Digital Asset Operations to Metaco’s Platform

“We continue to empower new global financial ecosystems, by connecting the global crypto industry,” Oliver Tonkin, BCB’s co-founder and CEO, said in the release. “Our collaboration with Ripple, Metaco and IBM Cloud is a paramount step in that direction, as it enables BCB Group to continue delivering superior top tier services to the digital asset … Read more