The Risks of Overbuilding Crypto Infrastructure - web3, l3, defi, zk, Crypto, ai, CoinDesk, new, ethereum, l2

The Risks of Overbuilding Crypto Infrastructure

The Web3 ecosystem is often regarded as the next infrastructure of the internet. However, nearly 10 years after the release of the Ethereum white paper, we have very few mainstream applications running on that infrastructure. Meanwhile, we continue t

How MicroStrategy and Others Are Taking on Billions in Debt to Buy More Bitcoin - six, mstr, CoinDesk, notes, Crypto, one, bitcoin

How MicroStrategy and Others Are Taking on Billions in Debt to Buy More Bitcoin

Have Michael Saylor and MicroStrategy stumbled onto an infinite money glitch?It would be hard to blame anyone for thinking so. While the Saylor-led company began buying bitcoin more than four years ago, over the past 10 months MicroStrategy has use

Next U.S. Senate Banking Chair Calls Crypto 'Next Wonder' of World - donald trump, CoinDesk, crypto, Crypto, sec, senate, house, trump

Next U.S. Senate Banking Chair Calls Crypto 'Next Wonder' of World

WASHINGTON, D.C. — The crypto industry got a promise for action Tuesday from the Republican U.S. lawmakers who will have the authority to move digital assets legislation, with key members of the Senate and House of Representatives saying the sector w

Fed Rate Cut Guidance Will Exceed Wall Street’s Bearish Outlook - CoinDesk, Crypto, growth, second, four, pce, 2024

Fed Rate Cut Guidance Will Exceed Wall Street’s Bearish Outlook

Wall Street’s rate cut outlook is overly pessimistic.This week brings an important update for investors everywhere. The Federal Reserve will update its interest rate policy on Wednesday Dec. 18. The consensus expectation is for a 25 basis point cut,

Nigeria Arrests Almost 800 Over Crypto Scams: Reuters - people, crypto, Crypto, CoinDesk, america, one

Nigeria Arrests Almost 800 Over Crypto Scams: Reuters

Nigeria arrested 792 people following a raid at a building where people allegedly committed crypto-related scams, Reuters reported on Monday. The suspects would lure victims, typically from America and Europe, with romantic offers before asking them

Layer-2 Network Fuel to Airdrop 10% of New Token Supply to 200K Wallets - fuel, ethereum, token, base, Crypto, CoinDesk, layer, arbitrum

Layer-2 Network Fuel to Airdrop 10% of New Token Supply to 200K Wallets

Fuel, a layer-2 network built on Ethereum, has announced that airdrop claims for its native token will open on Dec. 19, with ten percent of the total supply being allocated to more than 200,000 eligible wallets.The window for airdrop claims will run

U.S. Shuts Down North Korean Crypto Money Laundering Network - korea, crypto, Crypto, CoinDesk

U.S. Shuts Down North Korean Crypto Money Laundering Network

The U.S. Treasury Department on Tuesday said it had shut down a North Korean money laundering network that used crypto to clean millions of dollars for the hermit kingdom, a global leader in crypto crime.A front company in the UAE called Green Alpine

Stablecoin Payments Platform BVNK Raises $50M to Fuel U.S. Expansion - may, london, Crypto, CoinDesk, stablecoin

Stablecoin Payments Platform BVNK Raises $50M to Fuel U.S. Expansion

Stablecoin infrastructure platform BVNK has raised $50 million in Series B funding as it seeks to expand its U.S. operations.Formed in late 2021, BVNK raised $40 million in Series A funding the following May and won registration in Spain a few months

Staking Will Define Bitcoin's Role in the Global Digital Economy in 2025 - ethereum, bitcoin, btc, Crypto, CoinDesk, one, pos

Staking Will Define Bitcoin's Role in the Global Digital Economy in 2025

Bitcoin has historically been used for two main things: as a store of value and a medium of exchange. These two use cases have served the burgeoning digital economy well, as evidenced by bitcoin's roughly $2 trillion market cap and millions of instit

Crypto Daybook Americas: Penguins Add to Bitcoin Bull Run's Holiday Spirit - ai, pce, sec, flare, songbird, mpc, riot, boe, bitcoin, eth, CoinDesk, may, donald trump, trump, Crypto, dec, glxy, one, avalanche, netz, meme, ena, pengu

Crypto Daybook Americas: Penguins Add to Bitcoin Bull Run's Holiday Spirit

By Jacob Joseph and Jamie Sly (All times ET unless indicated otherwise)As the year winds down, the crypto market seems to be catching an early dose of holiday fervor. Bitcoin touched an all-time high just below $108,000 yesterday and is now holding s

ESMA Publishes Final Guidance on MiCA Implementation Days Before Deadline - crypto, Crypto, CoinDesk

ESMA Publishes Final Guidance on MiCA Implementation Days Before Deadline

The European Securities and Markets Authority (ESMA) has released its final guidance on Tuesday to help member states implement the impending rules.ESMA published its final report on reverse solicitation, systems, what crypto may constitute as a fina

Tether Invests in MiCA-Compliant Stablecoin Issuer StablR - Crypto, stablecoin, CoinDesk, tether, usdt

Tether Invests in MiCA-Compliant Stablecoin Issuer StablR

Tether, the crypto company behind the $140 billion USDT cryptocurrency, said on Tuesday it has invested in European stablecoin company StablR.StablR issues euro and U.S. dollar stablecoins EURR and USDR and obtained an electronic money institution (E

Bitcoin Holder Semler Scientific's Shares Now Available for Options Trading - bitcoin, ai, Crypto, million, CoinDesk, second, atm

Bitcoin Holder Semler Scientific's Shares Now Available for Options Trading

The analyst who wrote this piece owns shares of Semler Scientific (SMLR) and MicroStrategy . Shares of Semler Scientific (SMLR), the small-cap medical device maker that adopted a bitcoin treasury strategy earlier this year, are now available for opti

Ethereum's ENS Identity System Picks Consensys' Tech for Its Layer-2 - Crypto, zero, l2, ethereum, one, CoinDesk, ens, layer

Ethereum's ENS Identity System Picks Consensys' Tech for Its Layer-2

ENS Labs, the company behind the Ethereum Name Service, said Tuesday that it picked Linea's technology to build its upcoming layer-2 network, Namechain.Linea is a zero-knowledge rollup that came out in July 2023 and was built by Ethereum infrastructu

MicroStrategy's Addition to Nasdaq-100 May Pave Way for S&P 500 Inclusion: Benchmark - Crypto, CoinDesk, index, three

MicroStrategy's Addition to Nasdaq-100 May Pave Way for S&P 500 Inclusion: Benchmark

The analyst who co-wrote this piece owns shares of MicroStrategy .MicroStrategy's addition to the Nasdaq-100 index is a big deal, but its potential inclusion in the U.S's S&P 500 index could be an even bigger opportunity in the medium-term, broker B

OpenSea Cayman Islands Registration Sparks Airdrop Speculation - million, token, wif, nft, Crypto, CoinDesk, azuki

OpenSea Cayman Islands Registration Sparks Airdrop Speculation

Non-fungible token exchange OpenSea sparked speculation it is preparing a potential token airdrop after it registered an entity in the Cayman Islands.X user Waleswoosh, a pseudonymous researcher at Azuki, posted a screenshot of the OpenSea registrat

British Columbia Maintains Bitcoin Mining Ban Despite Vancouver's 'BTC-Friendly City' Motion - bitcoin, CoinDesk, Crypto, ai

British Columbia Maintains Bitcoin Mining Ban Despite Vancouver's 'BTC-Friendly City' Motion

While Vancouver's City Council has passed a motion to explore becoming a 'bitcoin-friendly city', British Columbia still has a province-wide ban on mining BTC until December 2025.B.C.'s bitcoin mining ban began in December 2022 to address energy conc

Bitcoin Traders No Longer Chasing Record Price Rally Like Before, Options Data Show - Crypto, dec, term, CoinDesk, btc, four

Bitcoin Traders No Longer Chasing Record Price Rally Like Before, Options Data Show

While bitcoin continues to reach new lifetime highs, the latest options market trend indicates that traders aren't chasing the uptrend with the same zeal as before.On Monday, BTC's price rose above $107,000, surpassing the previous peak on Dec. 5 an

Revolut to Strengthen Crypto Fraud Protections With Added Security, Risk Scores - Crypto, CoinDesk, ai, crypto, card

Revolut to Strengthen Crypto Fraud Protections With Added Security, Risk Scores

Fintech giant Revolut plans to extend its battle-tested security wrapper, Revolut Pay, to crypto customers from the start of 2025 to improve protection against fraudulent attacks.As it stands, Revolut says, there is limited visibility into card trans

Ripple’s RLUSD Stablecoin Attracts Frenzy Bids for 800 XRP Ahead of Release - one, token, nft, xrp, Crypto, CoinDesk

Ripple’s RLUSD Stablecoin Attracts Frenzy Bids for 800 XRP Ahead of Release

Ripple’s upcoming RLUSD stablecoin is attracting bids up to 836 XRP ($2068) on onchain marketplaces ahead of its Tuesday release, a sign of frenzy among enthusiasts who may want to be the first to hold the token.These bids range from 500 XRP ($1237)