Tag Archives: CoinDesk

Amid Chaos, Our Decentralized Future Is Being Built

Amid Chaos, Our Decentralized Future Is Being Built

  If, during CoinDesk’s Consensus conference in May 2017, I’d predicted the crypto and blockchain industry’s subsequent experiences, you wouldn’t have believed me. Back then, CoinDesk’s Bitcoin Price Index (BPI) was around $2,400. Six months later, it passed through $10,000 – right when 1,300 investors and financial professionals attended the inaugural Consensus: Invest conference. But that was […]

JP Morgan Blockchain Spin-Off Raises $2.25 Million

JP Morgan Blockchain Spin-Off Raises $2.25 Million

Smart contract startup Kadena has raised $2.25 million in a pre-A financing private-placement SAFT round for its new blockchain project. According to the startup, Metastable, Kilowatt Capital, Coinfund and Multicoin Capital all invested in Kadena through a private-placement SAFT round. The funding goes to support Chainweb, a project focused on scaling and security issues and realized […]

A Little Lightning Project Has Two Big Implications for Bitcoin’s Tech

A Little Lightning Project Has Two Big Implications for Bitcoin’s Tech

How will the Lightning Network change bitcoin? Although it might be too soon to know, it’s a question everyone’s seemingly asking following tests that take the long-anticipated tech closer to launch. The network’s garnered its fair share of excitement over the past few months, so much so that individuals and businesses are looking to take advantage of its […]

Bitcoin Price Seeks Direction as Trading Range Narrows

Bitcoin Price Seeks Direction as Trading Range Narrows

Bitcoin’s price range continues to narrow with each passing day, but a big move on either side could happen soon, the technical charts suggest. Having witnessed a bull reversal on Wednesday, prices on CoinDesk’s bitcoin price index (BPI) rose to $11,711 at 03:59 yesterday. It appeared as though bitcoin (BTC) would break above $12,000 and confirm completion […]

Louis Dreyfus Trials Bank-Backed Blockchain Platform for Soybean Trade

Louis Dreyfus Trials Bank-Backed Blockchain Platform for Soybean Trade

Louis Dreyfus, a major commodities trading company, has announced that it has piloted a blockchain-based transaction system developed by a group of financial institutions including ING. In addition to Louis Dreyfus, one of the world’s largest commodities traders, the test involved Shandong Bohi Industry Co., Ltd (Bohi) and financial institutions ING, Societe Generale and ABN […]

Microsoft Resumes Bitcoin Payments After Halt Over ‘Instability’

Microsoft Resumes Bitcoin Payments After Halt Over ‘Instability’

Tech giant Microsoft is once more accepting bitcoin payments on its online store. According to Bleeping Computer, Microsoft temporarily suspended bitcoin transactions last week, with company sources citing the “unstable” state of the cryptocurrency. The reason was likely due to bitcoin’s current high volatility and fees, the tech news source added  An unnamed spokeswoman from Microsoft […]

Proving Ground? Ethereum Gears Up for Show of Force at Devcon Event

Proving Ground? Ethereum Gears Up for Show of Force at Devcon Event

Ethereum is out to prove itself at its annual developer event, set to begin next Wednesday. Once arguably the most active corner of the booming cryptocurrency market, it’s safe to say enthusiasm for the project has cooled, if only by comparison. Despite meteoric growth that has seen the protocol rise to $29 billion in value, not […]

US Logistics Agency Launches Blockchain Sector Mapping Tool

US Logistics Agency Launches Blockchain Sector Mapping Tool

The U.S. government agency in charge of logistics is taking the next step in its effort to better understand blockchain. Through its Emerging Citizen Technology (ECT) program, a blockchain analysis effort first announced in September, the General Services Administration (GSA) this week opened to contributions from industry members, according to a post on its website. These contributions will now […]

China Renaissance CEO: Blockchain More Important Than Bitcoin

China Renaissance CEO: Blockchain More Important Than Bitcoin

The head of a Chinese investment bank says he believes bitcoin’s underlying technology is more important than the cryptocurrency itself. Fan Bao, the CEO of China Renaissance, said in an interview with CNBC that while bitcoin’s market may be a bullish one, he believes that underlying blockchain tech is more attractive and “probably the most disruptive technology…in […]

Bitcoin is ‘just going to implode one day’: Saudi Prince Alwaleed

Bitcoin is ‘just going to implode one day’: Saudi Prince Alwaleed

Add Saudi billionaire Prince Alwaleed bin Talal to the roster of high-profile investors and financiers who don’t believe bitcoin and other cryptocurrencies are here to stay. “I just don’t believe in this bitcoin thing. I think it’s just going to implode one day,” Alwaleed told CNBC in an interview Monday morning. “I think this is Enron in […]