Financial Industry News
The California Energy Commission, the state’s primary energy policy and planning agency, is funding an experimental market for carbon-credit trading on a public blockchain. Under a plan announced Friday, digital tokens will be awarded to participating businesses that cut their carbon footprint by powering electric van sharing, said Eduardo Javier Muñoz, CEO of EVShare, the […]
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Continue ReadingSberbank, Russia’s biggest consumer bank, is launching a blockchain platform built on Hyperledger Fabric, potentially with its own stablecoin. The blockchain system is designed for trade finance transactions, including exchanging letters of credit, the bank’s press representative told CoinDesk Thursday. Anatoly Popov, Sberbank’s deputy chair, told the Russian newspaper Vedomosti on Wednesday that the the […]
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Continue ReadingThe same type of crypto scams that plague Twitter are running rampant on Instagram in 2020. For example, there are more than 1.3 million Instagram posts using #Coinbase, an overwhelming number of which display inauthentic behavior. Coinbase declined to comment on any past influencer campaigns, with the short statement: “We don’t have an active influencer […]
Continue ReadingThe escalating internal power struggle at Bitmain is starting to have a more serious impact on its business and customers. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency […]
Continue ReadingMicrosoft and ByteDance have until next month to reach a deal over TikTok. TikTok is reportedly valued at around $50 billion. The U.S. tech giant is notorious for overpaying for acquisitions. Will it finally get a bargain? TikTok presents a golden opportunity for Microsoft (NASDAQ: MSFT) to expand its fledgling digital advertising business in ways […]
Continue ReadingOnline fintech and blockchain investment platform BnkToTheFuture is moving client assets to a Hong Kong-based trust company citing a “systemic risk” with traditional banking. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent […]
Continue ReadingThe teenager arrested for allegedly masterminding the recent Twitter hack comes from a community that’s been targeting crypto users for years. The group’s attacks have one big thing in common: They take advantage of human fallibility rather than code vulnerability. These so-called social engineering attacks are growing in sophistication, and while the Twitter case is […]
Continue ReadingPerpetual swaps that track the price of ether (ETH) are coming to dYdX, the company announced Tuesday. “The main reason people like trading these contracts is because people can trade them with pretty high leverage,” dYdX founder Antonio Juliano told CoinDesk in a phone call. The decentralized finance (DeFi) firm was founded three years ago […]
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