Author: Coindesk

The Cardano Foundation has rolled out Veridian, a new open-source platform aimed at helping people and businesses manage their digital identities, according to a Friday release.Alongside it comes the Veridian Wallet, a tool designed to keep personal info secure and let users prove who they are online without the usual hassles of sharing sensitive data.This launch comes at a time when proving one’s identity online is more important and riskier than ever. Whether it’s for healthcare, banking, shipping, or school records, current systems often leave data exposed, and with smart devices and AI popping up everywhere, those flaws are getting…

Read More

Ryan Cohen, the chairman and CEO of video retailer GameStop (GME), increased his stake in the company following the firm’s decision to add bitcoin (BTC) as a treasury reserve asset.According to a Thursday filing to the U.S. Securities and Exchange Commission (SEC), Cohen acquired an additional 500,000 shares of the company’s Class A common stock at $21.55 per share, totaling approximately $10.78 million.This purchase elevates Cohen’s total holdings to 37,347,842 shares, representing about 8.4% of GameStop’s outstanding shares, the filing shows.Cohen’s purchase comes on the heels of GameStop’s board approving a plan in late March to invest part of its…

Read More

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2446.91, up 0.1% (+2.11) since 4 p.m. ET on Thursday.Six of 20 assets are trading higher.Leaders: FIL (+2.3%) and POL (+1.4%).Laggards: APT (-5.0%) and AAVE (-2.6%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Read the full article here

Read More

In 2008, an anonymous person or group of people known only as “Satoshi Nakamoto” released a now-seminal document, the Bitcoin White paper, introducing a peer-to-peer system for value of exchange without intermediaries.With this revolutionary concept, the idea of a “digital asset” was born. Soon after, developers and entrepreneurs expanded on this concept, developing systems where value was exchanged not just for its own sake, but for services and digital products.Over the past decade, innovators have built permissionless, decentralized networks for computing services, file storage, asset exchange, cellular coverage, Wi-Fi connectivity, mapping tools, lending services, and more. Because digital assets can…

Read More

In the early-1990s, telephone companies ran ads for long distance calls highlighting the cost per minute for a U.S. customer to speak to someone in another country. Today, that business does not exist. You can now Facetime or Zoom anyone, anywhere, for free.What changed?The shift to Voice over Internet Protocol (VoIP) ultimately drove the price of calls down to nearly zero.Today, we are experiencing a similar transformation as a global, embedded financial layer emerges within the internet. This will ultimately drive money transfer costs closer to zero, transforming a system long burdened by high fees, delays and middlemen.Stablecoins are the…

Read More

Investors hoping for a sizable dovish pivot from the Fed following the president’s Wednesday tariff announcement and subsequent two-day plunge in stock prices will have to wait at least a bit longer.”We are well positioned to wait for greater clarity before considering any adjustments to our policy stance,” said Fed Chair Jerome Powell in prepared remarks at the Society for Advancing Business Editing and Writing Annual Conference. “It is too soon to say what will be the appropriate path for monetary policy.”Noting that the tariffs are “significantly larger” than expected, Powell said it’s the Fed’s job to make sure what…

Read More

Bitcoin’s original promise of “peer-to-peer electronic cash” hasn’t exactly developed in the way Satoshi intended. More people than ever are eager to pay in crypto, while most vendors want nothing but fiat.While the mismatch has plenty of workarounds in countries with a strong banking and credit card culture, it’s a real problem in places with alternative electronic payment rails, like QR codes, says pseudonymous crypto developer Sheldon Cooper. How can one scan a fiat-only code and pay in stablecoins?Cooper’s claimed solution, P2P.me, does it without ever touching the regular on-and-off ramps. Instead, this blockchain-based service relies on a network of…

Read More

It was a dreadful week for the stock market, with the S&P 500 falling more than 6% over the last five days. That didn’t help Bitcoin, but the original cryptocurrency fared better than the wider market, rising over 1% in the same period.The Nasdaq had one of its largest falls in 25 years Thursday, but bitcoin held relatively steady (CoinDesk’s James Van Straten reported) even if now it’s nowhere near the highs above 100,000 that we saw at the beginning of the year.The big question for bitcoin amid market uncertainty is whether it’s seen as a risk asset to be…

Read More

The U.S. Securities and Exchange Commission has no business with certain stablecoins or their issuers, the regulator’s staff declared in the latest statement outlining the corners of the crypto sector for which it doesn’t have a legal interest.Since the agency was taken over by President Donald Trump-appointed leadership and formed a Crypto Task Force to ease pressures on the digital assets space, its staff has issued a series of statements meant to clarify the crypto areas outside its jurisdiction — so far including memecoins and proof-of-work crypto mining. It’s now added stablecoins to that list. The SEC’s Division of Corporation…

Read More

After a frustrating few weeks in which bitcoin (BTC) prices seemed to move tick for tick with the Nasdaq, the world’s largest crypto is showing some signs of going its own way as stock prices go from struggling to plunging.With the Nasdaq following up its 6% tumble on Thursday with another 5% decline halfway through the day on Friday, the price of bitcoin is holding at around $83,000. That’s about 1% higher over the past 24 hours and lower by just 3.5% since President Trump announced his tariff package on Wednesday evening.Bitcoin is also greatly outperforming crypto-related stock like Coinbase…

Read More