Analysis

The “digital dollar” took just eight days to get into Congress. Advocates for digitizing coronavirus relief payments began working with Congressional staffers earlier this month to outline how the Federal Reserve could potentially distribute funds to unbanked individuals quickly as the country’s economic downturn worsened. Morgan Ricks, an associate professor at Vanderbilt Law School, told
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Officials in Missoula County, Montana, are considering turning a temporary measure for bitcoin mining operations – that offsets energy consumption with renewables – into a permanent fixture. The Missoula County Board of Commissioners voted unanimously Thursday to extend a measure to reduce the environmental effects of high-energy-consumption mining operations by another year, until April 3,
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A number of cryptocurrency firms have been exempted from holding a payments license in Singapore till this summer. An extensive list of companies posted by the Monetary Authority of Singapore (MAS) includes well-known exchanges and custodians such as Binance, Coinbase, Ripple and BitGo, with all being allowed to continue operating without a payments license until
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Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early stage startups with Slow Ventures. Yesterday, it was reported that 3.28 million Americans filed for unemployment in the past week.
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U.K residents are being warned against scammers claiming to offer information on locals infected with coronavirus for payments in bitcoin. Local councils from the counties of Pembrokeshire, Manchester and Norfolk have issued warnings to local residents against scams using the COVID-19 outbreak to exploit fear and uncertainty through text messages and emails posing as an
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Like the lingering bit of advice from 1967’s “The Graduate,” plastics as a field of opportunity is being reimagined for the blockchain age. But this time, it’s for plastics recycling.  Blockchains are proving extremely useful for tracking materials across all sorts of supply chains and creating transparent and immutable audit trails. Meanwhile, governments around the
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After three weeks of listening, recording and talking bitcoin (BTC) in Africa, podcaster Anita Posch is back in part 2 of her six-part documentary podcast series. Presented in audio and full written transcript below. Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS. See also: In Zimbabwe, Crypto
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The European Commission is calling for future-oriented defense solutions including innovative blockchain concepts. A European Defense Industrial Development Programme (EDIDP) tender, issued March 24, includes a 42-strong itemized list calling for small-to-medium enterprises (SMEs) to offer up solutions that drive innovation and adapt technologies for civil and defense purposes. The program will accept proposals relating
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Privacy-focused browser Brave Software is hoping to facilitate in-browser cryptocurrency trading, though it’s not quite ready yet. Brave announced Tuesday it was partnering with Binance to develop an in-browser crypto trading tool which will ultimately let users deposit, swap, purchase and trade crypto right from Brave Browser’s launch and new tab windows. There, a natively-integrated
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Malta’s financial regulator has issued warnings against two crypto websites that falsely claimed to be licensed by the nation.  The Malta Financial Services Authority (MFSA) called out the “COINMALEX” and “Crypto Foxtrades” crypto exchanges in twin warnings Wednesday. Both entities had claimed to be licensed, registered or domiciled in Malta, all of which MFSA denied.
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Legislation introduced to the U.S. Congress this week signals that the Overton Window – a metric of what’s politically feasible – is opening in favor of national digital currencies.  While it’s unlikely we’ll see a digital dollar any time soon, the coronavirus crisis may help precipitate adoption of novel forms of money, members of the
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Mobile bank Revolut has launched in the U.S., with an eye to offering its cryptocurrency services sometime in the near future. The London-based challenger bank announced Tuesday that U.S. customers could now register for an account and sign up for a payment card. Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to
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Even as markets were shaken by the rapid spread of the novel coronavirus, exchange and payment provider Crypto.com says interest in cryptocurrencies reached an all-time high. CEO and co-founder Kris Marszalek told CoinDesk that transaction volumes on Crypto.com more than doubled between December and February, with app downloads also hitting all-time highs. “We saw a
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The Australian Securities Exchange (ASX) has postponed the launch of its long-awaited distributed ledger technology (DLT) trading system due to “uncertainty” prompted by the coronavirus outbreak. The Sydney-based stock exchange paused the launch plans for its new DLT-based system that would provide same-day settlements for trades on Wednesday. Originally scheduled for April 2021, consultation on
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The trustee of the now-defunct bitcoin exchange Mt. Gox intends to liquidate cryptocurrencies other than bitcoin and bitcoin cash, according to a draft rehabilitation plan. The trustee, attorney Nobuaki Kobayashi, shared with creditors an outline of the draft rehabilitation plan on Tuesday ahead of a meeting Wednesday. The plan marks a significant step toward concluding
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Some crypto startups, like Solana and Dapper Labs, are eager to execute fundraising plans regardless of any coronavirus-induced downturn. Likewise, CasperLabs, the startup advised by Ethereum Foundation researcher Vlad Zamfir, is now partnering with the Singapore-registered exchange BitMax to conduct its token sale in the form of an Exchange Validator Offering (EVO).  “It’s a really
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