CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

By coindesk.com August 10, 2023 In Banks, Bitcoin, Blockchain, Cryptocurrencies, Ethereum, Mining

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

PARIS, FRANCE - FEBRUARY 26: In this photo illustration, the Coinbase cryptocurrency exchange logo (C) is seen on the screen of an iPhone on February 26, 2021 in Paris, France. Cryptocurrency trading platform Coinbase has filed for registration with the SEC on Thursday for an IPO via direct listing on the Nasdaq and will likely be the largest IPO of the year. Coinbase reported $ 1.28 billion in revenue in 2020 (+ 140% year on year), for net profit of $ 320 million. (Photo illustration by Chesnot/Getty Images)

Coinbase Officially Launches Base Blockchain in Milestone for a Public Company

The largest U.S. crypto exchange says its blockchain is the first to be launched by a publicly traded company and gives it a new revenue opportunity.

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PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits

While it seems positive for crypto, the PYUSD stablecoin will benefit PayPal’s own coffers most of all.

Financial Institutions in the Crypto Ecosystem: Opportunities and Risks

Sponsored by Ciphertrace, a Mastercard company

Jul 31, 2023 at 9:49 a.m. PDT

Bitcoin’s ‘Taker Buy-Sell Ratio’ Surges, Signals Renewed Bullish Vigor

The ratio shows more optimism at $29,000.

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As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks

Curve, a leading decentralized exchange on Ethereum, was hacked for more than $70 million in July. Questions continue to linger around the platform’s long-term viability and potential contagion risk.

‘The Next Crypto Gem’ TV Show Aims to Be ‘The Apprentice’ for Crypto

The new reality show pits contestants against one another for a prize package estimated to be worth over $150,000.

Microsoft, Aptos Labs Team Up on New Blockchain AI Tools

The price of Aptos’ token is surging on news of the collaboration.

Aug 9, 2023 at 5:30 a.m. PDT

Grimes Made More Money From NFTs Than From Her Entire Music Career: Wired

The artist also said she hopes that the tokens and crypto can “come back” to help compensate digital artists.

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Discovery

Money Reimagined Podcast Cover

CoinDesk’s Money Reimagined

Twitterverse, Now ‘X’ in Chaos as Crypto Regulation Heats Up!

A possible ‘Crypto Twitter’ exit is likely as the algorithm changes with “forever” signups and Elon battles Mark over threads and data. Meanwhile, the FEDNow launches and the U.S. has achieved a historic moment with a bipartisan consensus on crypto regulation in the House…finally!

Aug 2, 2023

(Ryan Quintal/Unsplash, Modified by CoinDesk)

RWA Tokenization: What Does it Mean to Tokenize Real-World Assets?

Traditional finance giants are excited about the idea of putting ownership of assets like precious metals, art, homes and more on the blockchain.

Jul 25, 2023

From a ReelStar promotional video (YouTube)Consensus Magazine

Bitget Exchange Faces Lawsuit by Advisor of ReelStar Token Project After the Listing Goes Sour

Influencer Evan Luthra says the exchange froze his account and destroyed his advisory relationship. Bitget says Luthra was dumping the REELT token as he advised his followers to buy.

Aug 3, 2023

AuthorJeff Wilser stares into the Orb. (Jeff Wilser/CoinDesk)

Consensus Magazine

The Untold Story of Worldcoin’s Launch: Inside the Orb

Is Sam Altman’s UBI startup a smart countermeasure to AI, or a privacy nightmare? Jeff Wilser reports.

Jul 24, 2023

Gideon Powell, who runs the family business Cholla Mining, sees bitcoin miners as modern day wildcatters. (Gideon Powell)

Consensus Magazine

‘We’re Compute Cowboys’: Gideon Powell on the Pioneer Spirit Driving Bitcoin Mining

An interview with the CEO of Cholla Inc., an oil & gas exploration company that’s investing in bitcoin mining.

Jul 28, 2023

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CoinDesk Podcast Network

Fake PayPal USD Tokens Pop Up; Binance Receives License to Offer Crypto Services in El Salvador

The most valuable crypto stories for Tuesday, August 8, 2023.

Aug 8, 2023

(Shutterstock/CoinDesk)

Wrapping Up Consensus 2023

Missed Consensus 2023? Catch up on some of the most important conversations here.

May 4, 2023 at 2:39 p.m. PDT

U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

Trending in Crypto

A Wild Month for Treasuries Is Slow Going for Crypto: Crypto Long & Short

Aug 9, 2023

(Logan Weaver/Unsplash)

Featured Story | What Crypto’s Future Has to Do With LIBOR’s Death

Aug 9, 2023

Bitcoin is up ahead of the release of July's U.S. inflation numbers on Thursday. (CoinDesk archives) Bitcoin's taker buy-sell ratio surged to 1.36 on Aug. 1. (CryptoQuant) bitcoin 8/8

Crypto News Today: Bitcoin’s Rally Toward $30K, PayPal’s Stablecoin Fakes, and More

Aug 8, 2023

bart simpson sculpture (mendhak/Wikimedia Commons, modified by CoinDesk)

What Is Crypto’s ‘Bart’ Chart Pattern and Does It Mean Bitcoin’s Price Is Heading Towards a Rally?

Aug 9, 2023

(Mike Doherty/Unsplash)

Early Base Whales Have an Affinity for Meme Tokens, Nansen Says

The top 22 depositors to Base as of July 31 have allocations in a telegram trading bot token, several meme tokens and an on-chain casino token.

Aug 9, 2023

Web3 Security Startup Cube3.ai Emerges From Stealth With $8.2M Seed Funding

Aug 9, 2023

It was almost a dead man's Curve. (Unsplash)

As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks

Curve, a leading decentralized exchange on Ethereum, was hacked for more than $70 million in July. Questions continue to linger around the platform’s long-term viability and potential contagion risk.

Aug 9, 2023

Policy

Bank of England (Camomile Shumba/CoinDesk)

Policy

Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase

The Bank of England is recruiting academics for its central bank digital currency engagement forum and asking stakeholders for more information.

Aug 9, 2023

Rep. Maxine Waters (D-Calif.) (Sarah Morris/Getty Images)

Policy

Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin

The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday.

Aug 9, 2023

Vladimir Putin. (DimitroSevastopol/Pixabay)

Policy

Russia to Test Digital Ruble With Banks, Clients

The country’s central bank will begin real-world tests of the digital currency with 13 banks and limited clients on Aug. 15.

Aug 9, 2023

The Federal Reserve has announced a new program to help it oversee banks' involvement in cryptocurrencies. (Jesse Hamilton/CoinDesk)

Policy

Fed Starts New Program to Oversee Crypto Activity in U.S. Banks

Fresh crypto guidance from the U.S. central bank doesn’t represent a departure from previous policy, but it provides more details on what the Federal Reserve expects from banks.

Aug 8, 2023

FTX Logo (Unsplash)

Policy

Former FTX Exec Ryan Salame Talking to Prosecutors About Plea Deal: Bloomberg

It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.

Aug 8, 2023

A user from GCR getting their iris scanned with a Worldcoin Orb in Paris on July 21. (Eliza Gkritsi/CoinDesk)

Policy

Bavaria’s Data Regulator Had Not Concluded Assessment of Worldcoin When the Project Launched

The Sam Altman co-founded project has been shut down in Kenya over privacy concerns.

Aug 8, 2023

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