Lawmakers are set to end even the smallest anonymous crypto transactions, and plan measures that could see unregulated exchanges cut off. European Union lawmakers voted today in favor of controversial measures to outlaw anonymous crypto transactions, a move the industry said would stifle innovation and invade privacy. More than 90 lawmakers voted in favor of the proposal, according to documents seen by CoinDesk. The proposals are intended to extend anti-money laundering (AML) requirements tha...

Lawmakers are set to end even the smallest anonymous crypto transactions, and plan measures that could see unregulated exchanges cut off. European Union lawmakers voted today in favor of controversial measures to outlaw anonymous crypto transactions, a move the industry said would stifle innovation and invade privacy. More than 90 lawmakers voted in favor of the proposal, according to documents seen by CoinDesk. The proposals are intended to extend anti-money laundering (AML) requirements tha...

At the inaugural Avalanche Summit in Barcelona, Spain, the speedy Ethereum alternative looked to court users onto its subnets. To the crypto-conscious, blockchain industry conferences have become annual pilgrimages of sorts, drawing each chain’s respective believers to multi-day extravaganzas in exotic locales around the world. There’s the familiar Bitcoin conference (which appears to have found a home in Miami) and Ethereum’s long-running ETHDenver. Starting last autumn, new, billion-dollar ...

At the inaugural Avalanche Summit in Barcelona, Spain, the speedy Ethereum alternative looked to court users onto its subnets. To the crypto-conscious, blockchain industry conferences have become annual pilgrimages of sorts, drawing each chain’s respective believers to multi-day extravaganzas in exotic locales around the world. There’s the familiar Bitcoin conference (which appears to have found a home in Miami) and Ethereum’s long-running ETHDenver. Starting last autumn, new, billion-dollar ...

It is the third multimillion-dollar crypto attack to make headlines in recent days. Ethereum-based lending protocol Inverse Finance (INV) said Saturday that it suffered from an exploit, with an attacker netting $15.6 million worth of stolen cryptocurrency. According to Inverse, the attacker targeted its Anchor (ANC) money market – artificially manipulating token prices to borrow loans against extremely low collateral. This is the third multi-million dollar hack of a decentralized finance (DeF...

It is the third multimillion-dollar crypto attack to make headlines in recent days. Ethereum-based lending protocol Inverse Finance (INV) said Saturday that it suffered from an exploit, with an attacker netting $15.6 million worth of stolen cryptocurrency. According to Inverse, the attacker targeted its Anchor (ANC) money market – artificially manipulating token prices to borrow loans against extremely low collateral. This is the third multi-million dollar hack of a decentralized finance (DeF...

Investors in the region were more risk-averse this week amid fresh evidence of the U.S. central bank's commitment to hawkish monetary policy and an unsettled macroeconomic environment; cryptos were mixed. Good morning. Here’s what’s happening: Prices: Bitcoin and ether were roughly flat over the past 24 hours. Insights: Bitcoin has been underperforming major Asian stock indices amid investors' concerns about interest rate hikes and uncertain macroeconomic conditions. Technician&apos...

Investors in the region were more risk-averse this week amid fresh evidence of the U.S. central bank's commitment to hawkish monetary policy and an unsettled macroeconomic environment; cryptos were mixed. Good morning. Here’s what’s happening: Prices: Bitcoin and ether were roughly flat over the past 24 hours. Insights: Bitcoin has been underperforming major Asian stock indices amid investors' concerns about interest rate hikes and uncertain macroeconomic conditions. Technician&apos...

To longtime finance observers, blaming shorts often looks like the last desperate deflection of a project in denial about its failures. A complex and increasingly bitter drama is unfolding at Waves, a layer 1, or base, smart-contract blockchain. The system, an Ethereum analog with smart contract and decentralized finance (DeFi) functionality, has seen extreme price volatility in its eponymous native token over the past few days, while its algorithmic stablecoin, neutrino USD (USDN), has drama...

To longtime finance observers, blaming shorts often looks like the last desperate deflection of a project in denial about its failures. A complex and increasingly bitter drama is unfolding at Waves, a layer 1, or base, smart-contract blockchain. The system, an Ethereum analog with smart contract and decentralized finance (DeFi) functionality, has seen extreme price volatility in its eponymous native token over the past few days, while its algorithmic stablecoin, neutrino USD (USDN), has drama...

Ethereum mastermind and co-founder Vitalik Buterin published a blog post Friday that, with compelling logic and detail, defended “Bitcoin maximalism.” The post seems largely serious, though its publication on April Fools’ Day introduces all sorts of questions about his real intentions. The maximalist ethos broadly resists change to Bitcoin itself, while also arguing that more complex blockchain systems have inherent and inevitably fatal flaws. Buterin’s praise for maximalists is shocking beca...

Ethereum mastermind and co-founder Vitalik Buterin published a blog post Friday that, with compelling logic and detail, defended “Bitcoin maximalism.” The post seems largely serious, though its publication on April Fools’ Day introduces all sorts of questions about his real intentions. The maximalist ethos broadly resists change to Bitcoin itself, while also arguing that more complex blockchain systems have inherent and inevitably fatal flaws. Buterin’s praise for maximalists is shocking beca...

"I think it's time for us to move in that direction," the Democratic senator told NBC's Chuck Todd, in an interview to be aired Thursday night.By Greg Ahlstrand Apr 1, 2022 at 9:09 a.m. Updated Apr 2, 2022 at 4:10 a.m. U.S. Sen. Elizabeth Warren (Win McNamee/Getty Images) U.S. Sen. Elizabeth Warren (D-Mass.) says it's time for the U.S. to create its own central bank digital currency (CBDC). Warren spoke with NBC's Chuck Todd on "Meet the Press Reports," scheduled to air at...

"I think it's time for us to move in that direction," the Democratic senator told NBC's Chuck Todd, in an interview to be aired Thursday night.By Greg Ahlstrand Apr 1, 2022 at 9:09 a.m. Updated Apr 2, 2022 at 4:10 a.m. U.S. Sen. Elizabeth Warren (Win McNamee/Getty Images) U.S. Sen. Elizabeth Warren (D-Mass.) says it's time for the U.S. to create its own central bank digital currency (CBDC). Warren spoke with NBC's Chuck Todd on "Meet the Press Reports," scheduled to air at...

While cryptocurrency struggles daily to gain acceptance among merchants and consumers, one corner of the blockchain space is enjoying sevenfold annual growth: play-to-earn. When something is expanding that fast – especially from a low baseline – it can’t be assumed that everyone who ought to know about it by now actually does. So let’s start with the obvious question: What exactly is play-to-earn? P2E for short, it’s the gaming model where “a platform provides its players with a chance to ear...

While cryptocurrency struggles daily to gain acceptance among merchants and consumers, one corner of the blockchain space is enjoying sevenfold annual growth: play-to-earn. When something is expanding that fast – especially from a low baseline – it can’t be assumed that everyone who ought to know about it by now actually does. So let’s start with the obvious question: What exactly is play-to-earn? P2E for short, it’s the gaming model where “a platform provides its players with a chance to ear...

Crypto markets followed moves in bitcoin amid reports of multimillion-dollar purchases of the asset by a major blockchain entity. Bitcoin (BTC) held over the $47,000 mark during the European hours on Monday following a surge from Sunday’s $44,700 level, leading to a broader recovery and a 5.4% addition or $100 billion to the overall capitalization of the crypto markets, in the past 24 hours. Some funds attributed bitcoin’s surge to demand generated by Luna Foundation Guard (LFG). The LFG inte...

Crypto markets followed moves in bitcoin amid reports of multimillion-dollar purchases of the asset by a major blockchain entity. Bitcoin (BTC) held over the $47,000 mark during the European hours on Monday following a surge from Sunday’s $44,700 level, leading to a broader recovery and a 5.4% addition or $100 billion to the overall capitalization of the crypto markets, in the past 24 hours. Some funds attributed bitcoin’s surge to demand generated by Luna Foundation Guard (LFG). The LFG inte...

A report by the crypto exchange Gemini found that about two in five Indonesians own cryptocurrencies; ether also held its ground. Good morning. Here’s what’s happening: Prices: Bitcoin and ether were flat on Monday. Insights: Indonesian investors are moving into crypto, a Gemini report found. Technician's take: BTC's short-term momentum turned negative, which typically occurs during the first week of the month. Catch the latest episodes of CoinDesk TV for insightful interviews with ...

A report by the crypto exchange Gemini found that about two in five Indonesians own cryptocurrencies; ether also held its ground. Good morning. Here’s what’s happening: Prices: Bitcoin and ether were flat on Monday. Insights: Indonesian investors are moving into crypto, a Gemini report found. Technician's take: BTC's short-term momentum turned negative, which typically occurs during the first week of the month. Catch the latest episodes of CoinDesk TV for insightful interviews with ...

The Taproot-powered “Taro” protocol aims to bring low-fee stablecoin and asset transfers to the Bitcoin Lightning Network. Bitcoin is getting a boost by way of a new Taproot-enabled protocol known as Taproot Asset Representation Overlay, or Taro (like the root vegetable, not the playing cards). Taro is an open-source protocol powered by the Lightning Network (LN). On Tuesday, Elizabeth Stark, co-founder and CEO of Lightning Labs, announced Taro and its bid to bring assets, like stablecoins, t...

The Taproot-powered “Taro” protocol aims to bring low-fee stablecoin and asset transfers to the Bitcoin Lightning Network. Bitcoin is getting a boost by way of a new Taproot-enabled protocol known as Taproot Asset Representation Overlay, or Taro (like the root vegetable, not the playing cards). Taro is an open-source protocol powered by the Lightning Network (LN). On Tuesday, Elizabeth Stark, co-founder and CEO of Lightning Labs, announced Taro and its bid to bring assets, like stablecoins, t...

The latest crypto hack may be the largest yet. The gaming-focused Ronin Network announced Tuesday a loss of over $625 million in USDC and ether (ETH). According to a blog post published by the Ronin Network’s official Substack, the exploit affected Ronin Network validator nodes for Sky Mavis, the publishers of the popular Axie Infinity game, and the Axie DAO. An attacker “used hacked private keys in order to forge fake withdrawals” from the Ronin bridge across two transactions, as seen on Eth...

The latest crypto hack may be the largest yet. The gaming-focused Ronin Network announced Tuesday a loss of over $625 million in USDC and ether (ETH). According to a blog post published by the Ronin Network’s official Substack, the exploit affected Ronin Network validator nodes for Sky Mavis, the publishers of the popular Axie Infinity game, and the Axie DAO. An attacker “used hacked private keys in order to forge fake withdrawals” from the Ronin bridge across two transactions, as seen on Eth...