Author: Coindesk
When asked if the twins were responsible for getting their dad into crypto, Tyler Winklevoss said the short answer is yes. “When Cameron and I first discovered bitcoin back in 2012, no one called it crypto, it was just bitcoin,” he said. “There was no Ethereum white paper yet, we told our dad about bitcoin shortly after first learning about it, so we were definitely responsible for getting him into bitcoin.” Read the full article here
Ethena’s USDe, which uses BTC and ETH as backing assets, combining them with equal-value short perpetual futures positions to generate yield, and DeFi platform Pendle’s BTC staking, which, as of last week, offering a floating yield of 45% stands to benefit as well, Hayes explained. Read the full article here
“The size of the rate cut matters because it could lead to different market reactions. While a 25 bps cut would likely boost markets, a 50 bps cut might signal recession concerns, potentially triggering a deeper correction in risk assets,” said Alice Liu, research lead at CoinMarketCap, in an email to CoinDesk. Read the full article here
“The main reason for launching USDS is that, while existing stablecoins serve a good function, we see an opportunity to create a more open and fair system that promotes innovation and, most importantly, rewards those who build the network,” CEO Mike Belshe said in an interview with CoinDesk before his keynote at Token2049. “A stablecoin’s true value comes from the people using it, the liquidity they provide, and the access points for interchange.” Read the full article here
The string of outflows took place alongside a tumble in the price of bitcoin (BTC) during late August and into early September amid uncertainty about the direction of global markets the U.S. presidential election and the upcoming Fed decision on interest rates. For the month of August, bitcoin fell 9% and it plunged even further during the first week in September. The price has rebounded a bit since, returning to $60,000 Tuesday morning for the first time since late last month. Read the full article here
Singapore – Animoca Brands is hoping to go public soon, but the final decision on the timeline is dependent on a key component, the “market’s status, amongst other” aspects, the Web3 giant’s chairman Yat Siu told CoinDesk in Singapore on Monday. Read the full article here
The use of stablecoins in Brazil has already led large regional companies to recently launch initiatives in the segment. In August, Mercado Pago, the digital bank unit of Latin America’s largest company, Mercado Libre (MELI), introduced a stablecoin in Brazil tied to the U.S. dollar, called Meli Dollar. Read the full article here
The dynamics are not necessarily that straightforward, as the prospect of larger cuts could cause a panicky reaction for risk asset prices, K33 Research analysts noted. “Similar large cuts occurred during the 2001 and 2007 recessions, often signaling heightened recession risks in the U.S,” K33 Research said in a Tuesday report. Read the full article here
Web3 industry leaders have launched a non-profit organization called the Decentralized AI Society (DAIS), dedicated to tackling the probability of the monopolisation of the Artificial Intelligence (AI) industry, the chair of DAIS, Michael Casey told CoinDesk in an interview on the sidelines of Token 2049 on Tuesday. Read the full article here
Many crypto users and investors haven’t been thrilled with Ethereum’s token (Ether) performance over the last two years. With many positive drivers, like successful technology upgrades, scaling solutions, restaking, and the recently approved spot Ether ETFs, most expected these factors to significantly increase demand for the largest smart contract platform’s token. But ether’s price hasn’t delivered. Read the full article here