Technology

In the first two months of 2020, Blockforce Capital’s multi-strategy master fund saw a 16.8 percent return compared to a 19.5 percent return in bitcoin, the company announced in a note to accredited investors.  Blockforce is a seasoned ETF issuer which specializes in alternative investment vehicles for investors. In February of last year the company

With assets from oil barrels to bitcoin being pulverized by the coronavirus slowdown, people worldwide are reevaluating their plans for crypto gatherings, especially in geographies where anti-COVID-19 measures are increasingly serious.  In Milan, Italy, which was officially placed in lockdown by the Italian government on Sunday, bitcoin entrepreneur and meetup organizer Mir Liponi is facing

Cryptocurrency exchange Bithumb is clamping down on suspicious transactions less than a week after South Korea, its home country, moved to enact tough new laws for the virtual asset space. Bithumb announced Tuesday it had deployed Chainalysis’ “Reactor” investigations tool to get ahead of illicit activity. Reactor, used in many cryptocurrency law enforcement actions, will

Monday’s historic financial tumult reached beyond stocks, sinking commodities and even bitcoin markets. “I don’t think any asset is safe right now – except cash, U.S. dollars,” said Ali Khedery, formerly Exxon’s senior Middle East advisor and now CEO of U.S.-based strategy firm Dragoman Ventures. While bitcoin prices dropped nearly 10 percent over the weekend,

DISH Network, a major U.S. television services provider, and Kin, the payments platform built by Kik, are reportedly looking to tap up-and-coming Solana as the basis for their blockchain networks. According to a Solana pitch deck seen by CoinDesk, which indicates the company is looking to raise at least $2 and potentially up to $12

Micree Ketuan Zhan, the ousted co-founder of Bitmain, has filed another lawsuit in his fight to regain control of the bitcoin mining giant – this time in his home country. A recent notice from the Changle District court in China’s Fujian province indicates Zhan has filed a lawsuit against Bitmain’s fully-owned subsidiary Fujian Zhanhua Intelligence

GrainChain, a commodities tracing platform that uses smart contracts to open up liquidity for low-income farmers, has raised $8.2 million in its latest funding round, the company announced Friday. Luis Macias said the money will bolster GrainChain’s burgeoning operations in Mexico, Honduras and the southwest United States. “This funding is really going to allow us

Blockchain might help major apparel brands from Nike to Macy’s better share product data across the retail supply chain, according to a white paper Auburn University’s RFID Lab published Wednesday. The study, named the “Chain Integration Project” (CHIP), saw those retailers and others run Hyperledger Fabric nodes on a slice of their mammoth supply chains.

Crypto software firm Zabo, which claims it can connect bank accounts directly to cryptocurrency wallets, raised $2.5 million to build out its engineering team and add new customers. The Dallas-based firm announced Thursday it had successfully completed a funding round, with participation from Castle Island Ventures, the Tezos Foundation, CoinShares and Digital Currency Group. The

Unstoppable Domains, a censorship-resistant web developer, has released a Google Chrome extension in its bid to open up web 3.0. The extension will give users access to .crypto domain names directly from the Chrome browser, currently the most-used web browser. Developed by Unstoppable Domains, .crypto domains are smart contracts on the Ethereum network, meaning to

Beijing-based cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February. Flex Yang, co-founder of Babel Finance, said on Thursday the firm’s outstanding loans have grown from $52 million-worth of USDT as of Q1 2019 to $289 million as of the end of last year,

BitGo, one of the largest and oldest custodians for digital assets, is joining the fast-growing business of lending out bitcoin and other cryptocurrencies to big investors. The Palo Alto-based company announced Thursday it is now offering institutional digital asset lending services.  Founded in 2013 by CEO Mike Belshe, BitGo started testing the new service a

Hours before the U.S. Federal Reserve, the Reserve Bank of Australia (RBA) also cut interest rates in hopes of curbing market reaction to the ongoing coronavirus outbreak. In a meeting held on March 3, the RBA announced it would be cutting the cash rate by 25 basis points (bps) to 0.50 percent, its lowest on

As we all look ahead to Consensus 2020 and Blockchain Week NYC, we wanted to share the following updates with you regarding the recent spread of the COVID-19 virus.  As of today, CoinDesk is moving forward as planned with Consensus 2020 and Blockchain Week NYC, but we will be monitoring the situation on a daily

The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business after the coronavirus outbreak delayed shipments. The average hashing power on bitcoin (BTC) over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s), up 5.4

The Supreme Court of India has ruled against a decision imposed by the country’s central bank nearly two years ago that curbed crypto trading in Asia’s third-largest economy. According to a report from Bloomberg, a three-judge bench of the court ruled on Wednesday in favor of petitions by crypto exchanges and startups that opposed the

Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus.  The largest cryptocurrency by market value was down 2.2 percent to $8,722 as of 15:28 UTC (10:28 a.m. ET). Prices had surged 4.6 percent on Monday, rising alongside U.S.

Alameda Research, the owner of the Binance-backed derivatives exchange FTX, has invested more than $1 million into crypto quant trading firm Folkvang – which is one of Alameda’s competitors. Alameda confirmed Monday it had made a seven-figure investment into Folkvang, a new quant trading and liquidity provider based in Hong Kong. The first from an