Category: CoinDesk
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act. Source: …
Coinbase’s former CTO, among others, has predicted that bitcoin will reach $1 million as the dollar fades, but these doomsayers are ignoring other historical precedents. Source: https://www.coindesk.com/markets/2023/03/24/crypto-pundits-romance-the-hyperinflation-and-dollar-death-narrative-is-it-a-real-scare/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
In an email to CoinDesk’s Nikhilesh De, Amazon appeared to confirm that digital tokens, an NFT gallery and resale opportunities are coming to the site. Source: https://www.coindesk.com/web3/2023/03/24/amazons-nft-plans-teased-in-a-receipt-mailed-friday-afternoon/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
But the largest cryptocurrency by market capitalization is still up about 16% in March. Ether dropped below $1,800. Source: https://www.coindesk.com/markets/2023/03/24/bitcoin-edges-below-28k-as-investors-weigh-deutsche-bank-contagion-fears/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The NFT marketplace has teamed up with Yield Guild Games, Game7 and Fenix Games to bring Web3 games mainstream. Source: https://www.coindesk.com/web3/2023/03/24/magic-eden-forms-web3-games-collective-with-leading-publishers-communities/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership. …
Despite U.S. efforts to sanction Tornado Cash and other crypto privacy tools, Aztec says it shut down its Ethereum zero-knowledge tools for “commercial” reasons. Source: https://www.coindesk.com/consensus-magazine/2023/03/24/founders-deny-regulatory-pressure-forced-aztec-connect-zkmoney-shutdown/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
U.S. accounting standards may be overhauled to specifically factor in crypto accounting, establishing a fair-value approach that would demand certain digital assets be measured at what they’d go for …
DeFi protocols have been hackers’ favorite targets since 2021. Now they’re preying on NFT projects too, a blockchain intelligence firm says. Source: https://www.coindesk.com/consensus-magazine/2023/03/24/119m-in-stolen-crypto-so-far-in-2023-nft-rug-pulls-on-the-rise-crystal-blockchain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Treasury curve suggests the widely-anticipated U.S. economic recession is near. Historically, the signal has brought pain to risk assets. Source: https://www.coindesk.com/markets/2023/03/24/heres-why-crypto-traders-should-be-attentive-to-de-inversion-of-treasury-yield-curve/?utm_medium=referral&utm_source=rss&utm_campaign=headlines