Were DraftKings NFTs actually unregistered securities?
On July 30, sports betting platform DraftKings announced that it was shutting down its NFT Marketplace as well as “Reignmakers,” its first NFT-based fantasy football game, due to “recent legal develop...
Bitcoin slides to two-week low as election odds shift
The price of bitcoin hit a two-week low of $62,700 today before clawing back some gains. The drop follows a heady weekend for the digital asset that saw former President Donald Trump pitch a “strategi...
The math behind the misery: How much bitcoin mines make while torturing neighbors
Bitcoin has been dominating news cycles again following a record-setting price rally and former President Donald Trump’s move to latch onto crypto as a “wedge issue” in his presidential campaign. But ...
Larry Fink suddenly likes bitcoin because BlackRock investors suddenly like bitcoin
In October 2017, as bitcoin hit a then-record high of $5,800, BlackRock's CEO Larry Fink believed bitcoin was “an index of money laundering,” saying , “Bitcoin just shows you how much demand for money...
Trump VP pick J.D. Vance said he had more than $100K in bitcoin
J.D. Vance is a bitcoiner. That's according to financial disclosures made by former President Donald Trump's newly announced running mate. Fortune reports that last year the Ohio Senator said he owned...
How to make (and lose) millions in the crypto economy without losing your mind
Sherwood’s Jack Raines interviewed Nat Eliason about his new book, “ Crypto Confidential ,” and the two discussed Nat’s experience making and losing millions of dollars, his thoughts on tokenomics and...
More than a quarter of all ethereum is locked up
27% of the total supply of ethereum (ETH) is tied up in staking, according to Coinbase. Ethereum’s proof-of-stake consensus mechanism relies on people (dubbed “validators”) to process transactions and...
Mt. Gox fails to navigate the HODLer prisoner’s dilemma
One of the funnier aspects of the bitcoin investor community is the widely accepted belief that one should “ HODL ” (a reference to a 2013 forum post in which a bitcoin trader misspelled “hold”) their...
Bitcoin price plummets; will it drop under $50,000?
The original cryptocurrency is suffering a meltdown in price after long-defunct crypto exchange Mt Gox moved over 47,000 bitcoin (well over $2 billion) to start repaying its $9 billion debt to former ...
SEC sues crypto-friendly bank as it failed to spot suspicious FTX transfers
The SEC’s going into the holiday week with its regulatory guns blazing. The agency sued Silvergate Bank parent Silvergate Capital Corporation on Monday, accusing the crypto-friendly bank of failing to...
Terraform Labs, firm behind disgraced algo stablecoin, agrees to $4.5B fine
Terraform Labs, the crypto company whose blowup helped kick off a crypto winter in 2022, agreed to an enormous fine on Wednesday. Terraform Labs said it’d pay $4.47 billion in fines and penalties foll...
FTX makes deal with IRS, reduces bill from $24B to under $1B
The IRS just did FTX’s former customers a solid. The bankrupt crypto exchange said in a court filing that it’d reached an agreement with the IRS to hand over $865 million to them. The US government ag...
Nearly 500K tokens were minted on solana last month as meme coin mania moons
Meme coins are having a moment, and they have solana to thank. A collection of traders, investors, degens, and crypto speculators launched 455,000 new tokens last month on the solana blockchain. Accor...
Crypto has diverted into two markets: traditional finance and meme-based silliness
If the cryptocurrency market of 2021 could be summarized in one word, that word would be “stupid.” A non-exhaustive list of defining moments from 2021 to illustrate my point: JPEG images of rocks sold...
Fyre Fest Felon Billy McFarland won an “Influencer Fight” at Consensus
If the crypto industry wants to be taken seriously after its recent scam spree, spotlighting Billy McFarland — the infamous scammer and convicted felon behind the Fyre Festival — at CoinDesk’s Consens...
Controversial bitcoin ordinals developer Rodarmor calls out bad crypto projects
The crowd at the Consensus crypto conference in Austin, Texas, was all cheers Friday morning. But the audience seated in front of the main stage wasn’t celebrating the launch of a new coin or layer 2 ...
CFTC commissioner blasts the regulator’s handling of prediction markets
Commissioner Summer Mersinger of the Commodities Futures Trading Commission has a bone to pick — with the CFTC. The Biden-nominated official took the stage Thursday at the Consensus crypto conference ...
Crypto venture capitalists are still throwing money into NFTs in 2024
Crypto is a cyclical industry that works something like this: When the prices of “blue chip” coins, such as bitcoin and ethereum, increase, more money flows to the sector. Some of this money, chasing ...
A Costco hot dog memecoin is trying to hit $1.50
There are two trucks parked outside CoinDesk’s Consensus crypto conference in Austin this week. One is promoting Robert F. Kennedy’s presidential run. The other is promoting Costco Hotdog , a memecoin...
Bitcoin mining’s future: get big by going small
Bitcoin mining may be destined for smaller, and better, things. Industry execs see the industry shifting into smaller operations and the background of everyday life to such an extent that people will ...