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Circle Confirms Freezing $100K in USDC at Law Enforcement’s Request

News From Coindesk - Wed, 07/08/2020 - 19:41
CENTRE froze $100,000 in USDC in response to a request from law enforcement, the group said Wednesday.

Kyber Network Is Bringing Yield Farming to DEXland

News From Coindesk - Wed, 07/08/2020 - 17:13
Fresh pastures are opening in the world of yield farming. Kyber, a decentralized exchange (DEX), is preparing to share trading fees with KNC token holders.

Market Wrap: Bitcoin Jumps Past $9,400 Despite Weak July Volumes

News From Coindesk - Wed, 07/08/2020 - 16:38
A short rally popped bitcoin's price to $9.4K during what’s been a month of sluggish volumes.

Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud

News From Coindesk - Wed, 07/08/2020 - 15:46
Texas' securities watchdog ordered Mirror Trading International to cease operations, alleging the South African bitcoin and forex "investor club" is a multilevel marketing scam.

Coinbase Taps Former Facebook Lawyer to Head Legal Team

News From Coindesk - Wed, 07/08/2020 - 15:30
Coinbase has hired Paul Grewal, former U.S. magistrate judge and Facebook legal alum, to lead the cryptocurrency exchange giant’s legal team.

TikTok Let the Doge Out: Why TikTok Doge Is Everything About 2020 Finance in One Story

News From Coindesk - Wed, 07/08/2020 - 15:00
After a week of viral videos on TikTok, dogecoin is up 35% in price and 2,000% in volume. What gives?

Brazil’s Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction

News From Coindesk - Wed, 07/08/2020 - 14:16
Brazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.

Electroneum Mines Multi-Country Charity Donations During COVID-19

News From Coindesk - Wed, 07/08/2020 - 13:49
U.K.-based Electroneum is helping students in Nigeria and India with block rewards reaped from its token, ETN. The strategy also helps its business.

23-Year-Old Who Lied to Bank About Bitcoin Holdings Pleads Guilty to Fraud

News From Coindesk - Wed, 07/08/2020 - 13:19
Randall Joseph Smail faces up to 30 years in prison for lying to a bank about having $640,000 in bitcoin to get a loan.

Start9 Labs Pitches a Private At-Home Server. And It Works

News From Coindesk - Wed, 07/08/2020 - 12:52
Start9 Labs’ Embassy server sets up its own private internet network and comes with its own operating system. We tried it.

Libra Hasn’t Abandoned Multi-Currency Stablecoin: Policy Director

News From Coindesk - Wed, 07/08/2020 - 12:22
The Libra Association's head of policy said ongoing dialogues with central bankers had not dented their original ambition.

What DeFi Can Learn From ‘InFi’

News From Coindesk - Wed, 07/08/2020 - 12:14
By studying informal financial cooperation, including lending circles, blockchain developers can uncover new opportunities, says our columnist.

Blockchain Bites: DiDi to Trial the Digital Yuan and a Look at Chainlink’s Gains

News From Coindesk - Wed, 07/08/2020 - 12:05
The "Chinese Uber" will join the nations CBDC project, TikTok threw Dogecoin a treat and Nexo tapped Chainlink.

Marlin Releases Open-Source ‘Layer 0’ Transaction Relayer for Ethereum

News From Coindesk - Wed, 07/08/2020 - 12:00
Marlin has open sourced its OpenWeaver relay network to help speed up low latency mempool syncs of the Ethereum network and support decentralization.

Bitcoin News Roundup for July 8, 2020

News From Coindesk - Wed, 07/08/2020 - 12:00
Very crypto, much wow. With Dogecoin back in the news, CoinDesk's Markets Daily is back with another bitcoin news roundup.

Only 23% of Hodlers Have a Crypto Estate Plan: Survey

News From Coindesk - Wed, 07/08/2020 - 11:50
The late Gerald Cotten wasn't the only investor who failed to make a plan for his crypto, according to a survey by the Cremation Institute.

Hong Kong’s National Security Law Could Threaten Local Crypto Brokerages

News From Coindesk - Wed, 07/08/2020 - 11:00
The U.S. sanctions on financial institutions in Hong Kong could put the city’s growing crypto brokerage businesses in jeopardy.

Introducing the CoinDesk 20: The Assets That Matter Most in Crypto

News From Coindesk - Wed, 07/08/2020 - 11:00
Based on "real volume" from eight reputable exchanges, these 20 digital assets attract most of the sector's legitimate trading activity.

Tata Consultancy Launches Crypto Trading Solution for India’s Financial Firms

News From Coindesk - Wed, 07/08/2020 - 10:54
India's crypto renaissance continues, with Tata Consultancy unveiling a solution allowing banks and financial institutions to offer digital asset trading.

Copper Now Enables Funds to Create Complex Crypto-Backed Securities

News From Coindesk - Wed, 07/08/2020 - 10:42
The service allows institutional investors to securitize a range of crypto-based products, from token trackers to complex trading strategies.

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