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$16.7 million worth of decentralized finance (DeFi) liquidity protocol Kyber Network’s KNC token have been locked up in staking within 24 hours of the service’s launch.The milestone was noted by Kyber co-founder Loi Luu, who tweeted to announce that nearly 10.5 million KNC had already been staked.Hype for the...
Chicago based firm Ceres wants to build a “seed to sale” transaction network for cannabis on the blockchain using its dollar-backed stablecoin – if the digital security is approved for sale by the U.S. Securities and Exchange Commission (SEC).  Launched in 2017 by West Point graduates and former U.S. soldiers...
Centre, the company that issues the stablecoin USD Coin (USDC) has blacklisted an Ethereum address holding $100,000 in USDC in response to a law enforcement request. In the first of its kind, the address had a “blacklist(address investor)” function called on June 16, 2020.It’s not yet clear the reason...
U.S. sanctions in response to Hong Kong’s national security law – and Beijing’s tighter grip over the city’s financial system – could pose challenges for local crypto brokerage firms.  The U.S. Senate passed the Hong Kong Autonomy Act on Thursday to penalize China for eroding Hong Kong’s autonomy. The bill...
Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. There are 1.7 billion unbanked people around the world, and if you had the chance to ask each and every one of them what they...
BitFlyer, the biggest crypto exchange in Japan in terms of trading volume, has announced a partnership with Brave, the privacy-protecting browser. According to the announcement, BitFlyer and Brave will develop “a crypto asset wallet for Brave browser users”. No further details about the new crypto wallet have been made available. Japanese...
Animoca Brands, the firm behind blockchain-powered games The Sandbox, F1 Delta Time, and Crazy Defense Heroes, has reported unaudited revenue for the first four months of 2020 of $7.34 million amid the COVID-19 pandemic.The first quarter was Animoca Brands’ strongest on record with $4.33 million in revenue, followed by...
A Colorado company is betting it can make the decentralized web more accessible with a no-frills server you can install in your own home. Start9 Labs’ Embassy server, housed in a Raspberry Pi, sets up its own private internet network and comes with its own operating system as well as...
Brazil may be getting its first token boom in 2020, three years after the trend swept Silicon Valley, powered by a growing interest in stablecoins.  According to Binance’s representative in Brazil, Mayra Siqueira, the number of “Brazilian stablecoins traders” quadrupled since January 2020. The exchange’s two most popular stablecoins among...
Coinbase has hired Paul Grewal, former U.S. magistrate judge and Facebook legal alum, to lead the cryptocurrency exchange giant’s legal team. Article First Published here