Author: Coindesk
“The industry has superficially recovered this year, in part due to controversial approval of spot BTC ETPs by the Securities Exchange Commission,” the letter said. “Yet, the scams, hacks, theft, instability, reckless promotional activities, and regulatory evasion that were present during the last crypto bull market remain endemic in the industry today.” Read the full article here
MEV SNIPING! It’s not clear exactly what started it all, but top Ethereum developers locked horns on the social-media platform X, in an intense and almost uncomfortable-to-observe debate touching on the practice of maximal extractable value, or MEV – essentially, the use of sophisticated trading bots to frontrun user transactions at the point of execution. On May 16, Ethereum core developer Péter Szilágyi tweeted about his despair over the lack of progress in pushing to solve some of the blockchain’s most vexing issues. “Voila, the banking system recreated,” he wrote. One of his points was that Ethereum had “glorified” MEV,…
For those unfamiliar, a public blockchain transparently records information in a time-bound manner, accessible to all, globally, and without gatekeeping. This allows anyone to verify the validity of information, such as its creator or a timestamp, making it a source of truth. Public blockchains are also decentralized, eliminating the need for a central decision-maker, and reducing the risk of manipulation. This decentralized structure also offers high network security by eliminating single points of failure, and ensuring an immutable and tamper-resistant record. Read the full article here
The commission, an independent statutory body, started an investigation into into the iris biometric cryptocurrency project in December following privacy concerns. It carried out 10 visits between December 2023 to January 2024 across six premises that were involved in the operation of the project. Read the full article here
“This is a great sign of Starknet’s growth and maturity,” said the CEO of StarkWare, Eli Ben-Sasson, in a statement to CoinDesk. “Starknet dared to be different, and use the powerful Cairo language, instead of Solidity. At the same time, some developers want the zkEVM approach, and for that reason, this is excellent news for the network.” Read the full article here
“We have seen demand for accessing a turnkey broad-based digital asset solution,” said Adam Sporn, Head of Prime Brokerage and U.S. Institutional Sales at BitGo, in a press release. “We’re excited to partner with CoinDesk Indices and provide our customer base with access to the top digital assets within the CoinDesk 20 Index, as investors seek to increase exposure to digital assets beyond Bitcoin.” Read the full article here
Bitcoin hovered around the $70,000 mark during the European morning, a slight drop following Tuesday’s rally to as high as $71,400. BTC is currently priced at $70,069, around 1.6% lower over 24 hours. The CoinDesk 20 Index (CD20), offering a measurement of the broader digital asset market, fell about 0.5%. BlackRock’s spot bitcoin ETF (IBIT) recorded over $290 million in inflows on Tuesday, its highest one-day figure since April 5 and nearly three times the previous high this month: $93 million on May 16. As a whole, ETFs took on nearly $300 million in net inflows on Tuesday. Read the…
“Lyra options markets are implying a ~20% chance of ETH reaching $5,000 by June 28,” Nick Forster, Lyra’s founder and a former Wall Street options trader, told CoinDesk in an email. “There is a 20% chance of ETH moving above $5,500 by July 26, as traders have increased positioning post the ETF speculation.” Read the full article here
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“This work will include sharing best practices, threat intelligence, and other tips and information to help keep users safe and protected before they become victim to an online fraud scheme such as romance scams or crypto scams such as ‘pig butchering’,” the coalition said. Read the full article here