
Regulation


USD Coin
USD coin (USDC) is an Ethereum-based stablecoin – a type of digital asset whose value is pegged 1:1 with the U.S. dollar. That means holders can redeem 1 USD coin for $1 at any time. […]

Kleiman v. Wright: A Story of Physical and Financial Tribulation
MIAMI – The federal civil trial of Kleiman v. Wright continued in Miami Thursday, with witnesses for the defense suggesting it was unlikely that Dave Kleiman had a business partnership with Craig Wright to invent […]

Digital Currency Group Raises $600M in New Credit Facility
Digital Currency Group (DCG), the crypto investment company whose holdings include asset manager Grayscale, crypto lender Genesis and independent news outlet CoinDesk, said it raised $600 million in a new credit facility, marking its first […]

Biden and the Fed: Why Powell or Brainard Won’t Change Much for Crypto
Placing bets on which candidate for Federal Reserve chair would be best for cryptocurrencies? The answer might disappoint: Both incumbent Jerome Powell and leading alternate Fed Governor Lael Brainard are seen as having roughly the […]

Banksy Paintings Sell For 3,093 ETH in Auction House First
As CoinDesk previously reported, the sale is the first time the auction house has denominated a sale in cryptocurrency. The pieces, “Trolley Hunters” and “Love Is In The Air” (2006) were estimated to sell for […]

Acala Wins Neck-and-Neck Race With Moonbeam
“There’s real competition and this is really what we want with the auction,” Wood told CoinDesk in an interview. “It’s something that wouldn’t really have happened in a traditional auction, where they would have kept […]

What Hic et Nunc’s Resurrection Says About Decentralized Infrastructure
Late last week, an NFT (non-fungible token) marketplace called Hic et Nunc suddenly went down without explanation. All URLs tied to hicetnunc.xyz were broken, and all NFTs on the site were inaccessible. The site’s Twitter […]