A majority of bitcoin ETF issuers have chosen Coinbase as a custodian, which is a concentration of risk. Even if that is the safest option, new cybersecurity standards are needed for making crypto custody truly safe. Original
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…
XRP and Stellar (XLM) are two cryptocurrencies that have been constantly compared in terms of price growth and development. Both digital assets are dedicated to facilitating cross-border transactions. Given their considerable similarities, the Chief Technology Officer (CTO) of Ripple, David Schwartz has attempted to uncover the factors contributing to the persistent price correlations between the cryptocurrencies. Ripple CTO Explores XRP And XLM Price Trends Schwartz has recently taken to X (formerly Twitter) to share a chart illustrating a strong correlation in the price movements and patterns between XRP and XLM…
Expect greater stability on Ethereum, the convergence of CBDCs and stablecoins, and progress on industrial applications of blockchain tech, says EY’s Paul Brody. Source
Decimal Digital founder Henry Robinson projects a potential Bitcoin supply shock amidst the growing investment inflow in spot Bitcoin ETFs. In an exclusive comment to crypto.news Robinson remarks that Bitcoin ETFs are a game-changer, poised to revolutionize the industry by unlocking unprecedented investment opportunities. According to him, these financial instruments will attract substantial new investments into Bitcoin from diverse sectors, including pensions, endowments, insurance companies, sovereign wealth funds, and trusts. Robinson’s insight comes following the U.S. SEC’s approval of several Bitcoin ETFs, which has sparked a trading frenzy with reports…
The Oasis Network uses a token-incentivized architecture to enable privacy-preserving AI computations on blockchain. ROSE tokens, which have a market cap of $567M at the time of writing, coordinate the network of nodes, providing secure computing via technologies like Intel SGX, differential privacy, and federated learning. Source
Decentralized finance (DeFi) has grown significantly and has become an integral part of the global crypto markets. However, its continued growth heavily depends on how secure the technology is against attacks. According to data from DefiLlama, over $5 billion in the total value of assets has been lost in DeFi protocols to date. To remedy this situation, the Ethereum community has come up with a new token standard called ERC-7265. Source
PlanB, the creator of the renowned Stock-2-Flow (S2F) model, has once again captured the community’s attention with three bullish Bitcoin (BTC) forecasts. In a YouTube video recently uploaded, the S2F creator shared bold predictions. In the short term, PlanB sees Bitcoin soaring to above $50,000 before the upcoming halving event scheduled for April. The S2F model creator noted in the YouTube video: I think in the next four months towards the halving, we will start to see Bitcoin rise even further towards $50,000 [to] $60,000 region. This prediction aligns with…
Cryptocurrency OTC desks play an essential role in facilitating large cryptocurrency trades in the global crypto markets. Source
Ideally, once a transaction has been corectly processed in a financial system, the chance of it being reversed should be slim to none. However, this isn’t usually the case in traditional finance. Blockchain systems, on the other hand, seek to mitigate this discrepancy through block finality. Source