CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.

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The fallout continues from the crypto industry's slump, with fresh filings from Celsius, layoffs at OpenSea and a short-squeeze in Voyager's tokens. PLUS: We talked to a Singapore-based lawyer about the Gordian knot that is the Three Arrows bankruptcy case.
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5ire Raises $100M to Fund Expansion of Sustainable Blockchain
The company will use what it calls a Proof-of-Benefit mechanism, saying it is the only sustainability-focused blockchain unicorn in the world.
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New Revenue Opportunities for veCRV Holders
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Celsius Acknowledges $1.2B Hole in Balance Sheet
The news comes after the ailing crypto lender filed for bankruptcy protection Wednesday.
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OpenSea Lays Off Roughly 20% of Its Staff
CEO Devin Finzer cited an “unprecedented combination of crypto winter and broad macroeconomic instability.”
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By Omkar Godbole
Jul 12, 2022 at 2:48 p.m. UTC

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Giving Up the Ghost? It’s Chapter 11 Time for Celsius

Celsius Networks has moved into bankruptcy proceedings.

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Crypto News Roundup for July 14, 2022

With the crypto market trading up despite widespread risk aversion and more negative news from crypto lenders, plus a look at how to make working from home more secure, CoinDesk’s “Markets Daily” is back with the latest news roundup.

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Tezos: What Makes It Different?

The energy-efficient platform has participants "baking" instead of staking their XTZ and allows forkless upgrades.

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Satoshi Wept: How Crypto Replayed the 2008 Financial Crisis

It only took 13 years for crypto to recreate the same kind of financial crisis it was designed to prevent. Here’s how it (almost) all went down.

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Crypto Explainer+

Crypto Explainer+

Crypto Explainer+

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First Mover Asia: It Won't Be Easy for Creditors to Untangle Three Arrows Case, Singapore Lawyer Says

The fallout continues from the crypto industry's slump, with fresh filings from Celsius, layoffs at OpenSea and a short-squeeze in Voyager's tokens. PLUS: We talked to a Singapore-based lawyer about the Gordian knot that is the Three Arrows bankruptcy case.
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CoinDesk - Unknown
Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike
U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.
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No, Mt. Gox Payouts Aren’t Going to Torpedo Bitcoin's Price
Mostly because honey badgers don’t care. Also, logistics.
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Circle’s Detailed Reserve Report Shows Only Cash, Short-Term Treasurys Back USDC Stablecoin
The asset breakdown comes at a time when crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.
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Three Arrows Liquidators Ask Singapore Court to Recognize Company's BVI Bankruptcy: Straits Times

Three Arrows’ liquidators are working to get Singapore courts to recognize the British Virgin Islands liquidation order against it, in order to preserve the company's Singapore assets.

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5ire Raises $100M to Fund Expansion of Sustainable Blockchain

The company will use what it calls a Proof-of-Benefit mechanism, saying it is the only sustainability-focused blockchain unicorn in the world.

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CoinDesk - Unknown

Bitcoin Mining Rig Prices Slump to Near 2-Year Lows Amid Celsius Bankruptcy

Celsius’s mining unit is said to have auctioned off some of its newly purchased mining rigs at fire-sale prices back in June, before filing for bankruptcy.

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Participación de mercado de Coinbase cae a menos de 3%, según Mizuho

Es probable que el declive coloque a la compañía fuera de los 10 principales exchanges cripto, según su volumen promedio en dólares.

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Congreso de Brasil pospone proyecto de ley cripto hasta las elecciones presidenciales de octubre

El texto, que ya fue aprobado por el Senado, se iba a debatir en la Cámara de Diputados esta semana.

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Digital Euro Would Be a Success Only if Widely Used, ECB Says

The European Central Bank expects to complete the investigation phase of its digital euro project in the autumn of 2023.

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India's Crypto Industry Advocacy Body Disbanded

The Blockchain and Crypto Assets Council was the country's only crypto lobbyist group.

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Brazilian Congress Postpones Crypto Bill Vote Until After October Presidential Elections

Deputies were originally scheduled to consider the text this week, which has already been approved by the Senate.

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US Claims Bitcoin Mining Crown Following China Crackdown

China’s share has effectively dropped to zero, according to the Cambridge Centre for Alternative Finance.

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CoinDesk 2021 Annual Crypto Review

Thanks to 2021 most people have at least heard of crypto by now not just Bitcoin and Ethereum but altcoins like DOGE and SHIB as well as terms like NF Ts and the metaverse In Coin Desk Research’s 2021 Annual Crypto Review we aim to summarize some of the key themes and metrics that marked [...]

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Building on the News: Introducing Layer 2 by CoinDesk

Our new digital magazine goes beyond the daily headlines to put crypto and blockchain developments in perspective.

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