Author: Coindesk
“Before Mt. Gox, nobody in Japan knew what bitcoin was, but when the Mt. Gox bankruptcy happened, it was covered all over national TV. Despite having only 10,000 to 20,000 customers in Japan, the event was streamed live on every TV station and widely reported,” he said. Read the full article here
The network hashrate, a proxy for competition in the industry and mining difficulty, increased for the second straight month, the bank noted. “The network hashrate averaged 631 EH/s in August, up 16 EH/s from last month, and about 20 EH/s below prehalving levels,” the authors wrote. Read the full article here
Bitcoin’s price fell over 2.7% to $57,500 on Tuesday, reversing Monday’s bounce. The losses came after the U.S. ISM manufacturing PMI printed below 50, indicating a continued contraction in the activity in August. The data revived growth fears, weighing over risk assets, including cryptocurrencies. Read the full article here
Lara and Tiffany Trump, the wife of Eric Trump and daughter of Donald Trump, respectively, tweeted what they described as “the only official” blockchain addresses for World Liberty Financial. Lara Trump tweeted: Our goal at World Liberty … is to utilize our governance token on Solana, $WL, to support our DeFi lending protocol.” Read the full article here
BTC briefly fell to $55,500, its lowest since August 8, to reverse nearly all gains in the past month. The broader market tracked by CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell nearly 6%. Major tokens solana’s SOL and ether (ETH) dropped over 7%, leading losses. Read the full article here
“As compared to other Middle Eastern countries, Qatar’s approach is notably advanced, offering a more structured and clear regulatory environment,” said Navandeep Matta, a senior associate at Kochhar & Co. Legal. “This positions Qatar at par with the UAE’s Digital Assets Framework, establishing a robust regulatory regime that aligns with international best practices.” Read the full article here
After bitcoin’s roughly 10% decline for the month of August, at least some were hoping for a September bounce, but that could prove wishful thinking. According to Galaxy Research chief Alex Thorn, bitcoin fell during seven of the last 10 Septembers. However, that data set contains some good news, said Thorn, as October has typically been bitcoin’s best month of the year and the rest of the Fall has usually brought positive returns as well. Read the full article here
Zachary Folkman and Chase Herro – listed in the white paper as World Liberty Financial’s head of operations and its data and strategies lead, respectively – built Dough Finance, a person familiar with the matter said. (Herro used to link to Dough Finance’s Telegram group in his bio on the messaging app, according to a screenshot reviewed by CoinDesk.) Octavian Lojnita, the project’s smart contracts lead, also previously worked on Dough Finance, according to his online resume. Boga, World Liberty Financial’s pseudonymous front-end developer, is listed as an author (under 0xboga) in Dough Finance’s source code. Read the full article…
“And then the second one is a means for, effectively, validators to receive emissions,” Boiron added. “Effectively, if you think of these new chains that pop up, what’s going to happen is that with time, they’re going to want to decentralize. And so instead of just having a centralized sequencer, they’re going to need to incentivize people to actually run a decentralized group or a decentralized prover. And if they don’t have a token, or if they don’t want to launch a token yet, how do they do that? Well, effectively, what this does is that a portion of that…
The alleged exploiter drained roughly $27 million of crypto assets including various types of staked ether (ETH), Ethena’s sUSDE and wrapped USDC stablecoin from the protocol, blockchain data shows. Later, it converted the proceeds to ETH using predominantly Li.fi and forwarded to asset to a new address, according to Etherscan data. Read the full article here