Month: August 2020

A former hedge fund manager and financial dissident gives his take on what ails the U.S. economy and why the Federal Reserve should be more, not less, irresponsible.  Our main conversation is with former hedge fund manager Hugh Hendry. After a few years of focusing on a “volatility at the end of the world trade”
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With bitcoin increasingly acting like gold and one company betting a quarter of a billion dollars on BTC, CoinDesk’s Markets Daily is back for your news roundup! Bitcoin is increasingly taking cues from gold, a tried-and-tested store of value asset. Digital gold is now the “principal holding” of MicroStrategy’s revamped treasury reserve strategy. Internet is
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Blockchain infrastructure startup Alchemy, which helps decentralized finance (DeFi) projects run or access nodes, just launched its full suite of products to the public, after a two-year closed beta serving teams including MakerDAO and Kyber Network.  DeFi projects like MakerDAO, 0x and others all use Alchemy’s solutions to access Ethereum blockchain data, rather than run
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Castle Rock, Colorado-based cryptocurrency mining company Riot Blockchain reported earnings for the June quarter Monday, noting an increase in bitcoins mined despite a decrease in mining revenue from a year ago. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set
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India’s crypto trade volumes have soared since the Supreme Court of India lifted banking restrictions for exchanges in March. According to Coin Dance’s Paxful and LocalBitcoins volume data, India’s bitcoin peer-to-peer trade volume reached an all-time high in July. Siddhartha Dutta, CEO of Marlin, a tech startup in Bangalore, said the recent spike in demand
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Key takeaways: The League of Entropy is launching the first production-ready version of drand, a network that produces “randomness” (also known as entropy) for anyone to use. Randomness is essential to cryptographic security. Filecoin is the first protocol to use this version of drand in its upcoming mainnet launch to create decentralized, verifiable randomness for
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Betting against bitcoin has been a losing battle for months amid gaining more than 200% since its March lows. Benefiting from this rally, moreover, cryptocurrency mining stocks trading on U.S. markets are significantly outperforming the benchmark cryptocurrency. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards
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The Belarus presidential election ended with mass protests and a nationwide internet outage. The country went offline on Sunday during its presidential election. Major social networks and message sites including Viber, Telegram, Facebook, Twitter and Instagram were inaccessible, as were local news outlets.  Following weeks of tension, people streamed into the streets of the capital
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Three blockchain analysis firms are among the companies shortlisted in the “TechSprint” regulatory technology hackathon co-sponsored by the Bank for International Settlements (BIS) Innovation Hub and the Saudi G20 Presidency. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of
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Cryptocurrency exchanges holding user funds have risked falling into numerous security pitfalls by failing to ensure security protocols are properly implemented, according to new research. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an
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Stephanie Hurder, a CoinDesk columnist, is a founding economist at Prysm Group, an economic advisory focused on the implementation of emerging technologies, and an academic contributor to the World Economic Forum. She has a PhD in Business Economics from Harvard.  If you follow our writing at Prysm Group, you know one of our mantras is
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Bitcoin climbed above $12,000 early Monday, before dipping once more, as traders weighed U.S. President Donald Trump’s move to provide emergency aid amid new signs that the labor market recovery is stalling.  The oldest and largest cryptocurrency is up 63% on the year. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team,
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