This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on El Zonte, here. There was formidable energy at this year’s Plan B conference in El Salvador. The event, which took place on Jan. 30-31, was historic for many of its 2,500 attendants. It was the … Read more
Argentina’s president Javier Milei has backtracked on a tweet promoting a memecoin called Libra, which rose to a $4.4 billion market cap before plunging by more than 95%. In a now-deleted tweet, Milei initially wrote: “This is a private project dedicated to encouraging the growth of the Argentine economy,” along with a Solana contract address … Read more
Attorneys for the U.S. Securities and Exchange Commission hinted at a potential settlement with Coinbase in a late Friday court filing, citing the regulator’s new crypto task force. The SEC asked a federal appeals court to extend its deadline to respond to Coinbase, which filed an appeal of a federal judge’s ruling last month. District … Read more
Bitcoin (BTC) managed to put in a modest rally early in the U.S. trading session on Friday, but the move was quickly snuffed out. Are bulls lightening up positions ahead of the weekend? They could be forgiven for doing so. In his Friday note, Standard Chartered’s Geoff Kendrick said bitcoin’s price has now declined for … Read more
This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on Bitcoin City, here. The sun was setting as I rolled into El Zonte, a small surfing village on the coast of El Salvador. It was a late January afternoon. The sky had turned pink and … Read more
Consensus, the world’s longest-running crypto conference, opens in Hong Kong next week, offering a unique viewpoint into digital assets in Asia. More than 270 speakers and thousands of attendees from over 90 countries are expected at the Hong Kong Convention and Exhibition Centre for the event being held from Tuesday, Feb. 18 to Thursday, Feb. … Read more
Justin Sun wishes he could travel more. But there’s too much to do. “There are too many exciting things happening in crypto every week,” he said in a December interview with CoinDesk at home in Hong Kong. “I don’t really take vacation time. It’s hard to get away for a week.” If Sun did take … Read more
The SafeMoon team is planning on launching a memecoin on Solana (SOL) on Saturday at 1:00 AM UTC. The team has burned 2.2 trillion SFM tokens across the Ethereum, Polygon and Binance Smart Chain networks, the VGX Foundation told CoinDesk. In total, almost the entirety of the Ethereum and Polygon supplies have been eliminated, as well … Read more
Wisconsin’s investment board saw fit to significantly add to its bitcoin (BTC) bet in the last three months of the year. The State of Wisconsin Investment Board (SWIB) disclosed ownership of just over 6 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of the Dec. 31, per a 13F filing on Friday, up from … Read more
Leading stablecoin issuer Tether announced earlier today it has invested in Italian football club Juventus FC, leading to a massive price rise not only for the club’s crypto fan token JUV, but also for other crypto fan tokens. The price of Juventus Fan Token surged more than 200% before seeing a correction that brought the … Read more