Author: Coindesk
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
2024 is the year when account abstraction (which hides from users some of the technical wiring of blockchain transactions) picked up across Web3. The realization that the current Web3 user experience may not be compelling enough to persuade mainstream users to transition from Web2 has recently generated a lot of attention. Today, there are a large number of companies focusing on UX and account abstraction. At the same time, we’re seeing ERC-4337, the 2023 Ethereum upgrade focused on exactly this, really finding adoption with a wide range of projects, including DePIN. Meanwhile, AI has been experiencing a renaissance since the…
It’s important to note that Polymarket, which officially bans U.S. residents from using the platform, began the election with a significant premium for Trump, and it’s tempting to dismiss its accuracy because of the embargo on Americans – the actual voters – as market participants. Read the full article here
The VPUs are “poised to drastically improve the speed and cost of running advanced cryptographic workloads, compared to CPUs, GPUs and fixed-function cryptography,” according to the press release. They “will do for cryptography what Nvidia’s GPUs and many other startups’ chips are doing for AI.” Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
Crypto think tank Coin Center will get another shot at suing the U.S. Treasury Department over what it says is an “unconstitutional” amendment to the tax code that would require Americans to disclose the details of certain crypto transactions to the Internal Revenue Service (IRS). Read the full article here
The complainant alleged the company stopped paying their salary without reason for five months before terminating the contract. The court ordered the employer to pay 62,867 dirhams ($17,116) and 39,200 of the ecowatt (EWT) cryptocurrency, as unpaid dues. The token’s value on different price-tracking websites varies widely, making it difficult to value the payment in dollar terms. Read the full article here
The case alleged that O’Neal acted as the face of Astrals urging investors to “[h]op on the wave before its too late.” Even when cryptocurrency exchange FTX collapsed in November 2022, O’Neal sent out a graphics interchange format (GIF) on the community message board Discord, from The Wolf of Wall Street that read, “I’m not F***ing Leaving,” the court document said. The lawsuit alleged that O’Neal fled the project after that and “the value of Astrals financial products plummeted.” Read the full article here
“In many projects with incomplete product models, crypto accelerates their decline. However, in a project with a comprehensive business model, crypto can be the core support that sustains upward development,” Wong wrote. “This is because the user base and the Catizen ecosystem are continually reinforced by robust token incentives.” Read the full article here
“Every time ETH gas fees drop to rock bottom has often signaled a price bottom in the mid-term,” Ryan Lee, chief analyst at Bitget Research, in Friday note to CoinDesk. “ETH prices tend to strongly rebound after this cycle, and when this moment coincides with an interest rate cut cycle, the market’s wealth effect is full of possibilities.” Read the full article here