Author: Coindesk

A key reason for Crypto.com’s popularity could be the wide range of tokens on offer. It lists over 378, ranging from mainstays bitcoin (BTC) and ether (ETH) to memecoins, such as book of meme (BOME), to ecosystem tokens such as Jupiter’s JUP and deBridge. Coinbase and Kraken, in contrast, are more selective, offering fewer than 290 tokens each. Read the full article here

Native goes live with $2.6 million of seed funding led by Nexus Mutual, and the two firms are offering $20 million on-chain cover per risk, according to a press release on Tuesday. Nexus Mutual currently has a capital pool of about $200 million, mostly denominated in ETH, the token of the Ethereum blockchain, meaning the mutual will be able to write multiple coverage lines per risk from day one, Nexus Mutual said. Read the full article here

“We went from 7,500 square feet to 28,000 square feet,” said Evan Auyang, president of Animoca Brands, during an interview with CoinDesk. “It’s a renter’s market right now in Hong Kong, and we saw this as the perfect time to create a collaborative space not just for us but for other companies in our portfolio.” Read the full article here

The set-up comes with unique infrastructural challenges. For example, the firm needs to make sure not to generate too much heat and make people in the building uncomfortable, Halliburton said, which is why the miner, quite paradoxically, had to also install a dry cooler on top of the building to help regulate the temperature. Read the full article here

The largest and oldest market cap canine-themed crypto has been closely associated with Trump lately after Elon Musk, who has been increasingly involved with the Republican candidate’s campaign, proposed the “Department of Government Efficiency,” abbreviated to D.O.G.E., focused on reining in U.S. government spending. Read the full article here

The term “security” is defined to include, among other things, any stock, note, bond or investment contract. Federal courts have consistently held that crypto assets, in and of themselves, are not securities, but may be sold as the object of an investment contract security. Of course, instruments such as common stock and warrants are securities whether issued in tokenized form or not. But the most widely traded crypto assets more closely resemble currencies, trading cards and other commodities that ordinarily fall outside of the security definition. Read the full article here

Grayscale’s mini BTC fund launched much later than its counterparts, after the asset manager’s flagship bitcoin trust (GBTC), bled large amounts of assets largely due to its relatively high fee of 1.5%. Despite its late start, the newer product has quickly become one of the more successful bitcoin funds, currently standing in sixth place by assets under management with roughly $2.3 billion worth of bitcoin, according to Bloomberg data. Read the full article here

If, for example, an oracle service settles disputes by a vote of token holders and a group of them collude, “they can just choose to resolve markets however they want and pay themselves out with everyone’s money,” Such said. “It’s really, really difficult and a long process to achieve sufficient decentralization in that regard.” Read the full article here

“We are pleased to be in a position to propose a chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors,” the bankrupt FTX’s liquidation CEO John Ray said in a statement when the final plan, which was based on a recovery of as much as $16.3 billion in assets, was announced in May. “I want to thank all the customers and creditors of FTX for their patience throughout this process.” Read the full article here

The project is among those aiming to decentralize blockchain “sequencers” – the component of a layer-2 network that compiles transactions happening on the secondary network, in order to record them on a main layer-1 blockchain, like Ethereum. Metis, a layer-2 network for Ethereum, has developed its own decentralized sequencer, for example. Read the full article here