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View More NewsCoinDesk is hosting its second annual Consensus Hong Kong conference, and as always, we’ll have a number of policy-focused sessions. Are you in town? Find me on stage or around the show floor and say hi!You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeCoinDesk’s annual Consensus Hong Kong conference will kick off this Wednesday with a speech from Hong Kong Chief Executive John KC Lee.Why it mattersHong Kong is playing an interesting role in the intersection of financial services between the global East and…
ADA$0.2753 founder Charles Hoskinson said he is sitting on more than $3 billion in unrealized losses during the current crypto market downturn, offering a rare look at his personal exposure during a period of sharp declines.Speaking from Tokyo in a live broadcast, Hoskinson addressed a market rattled by forced liquidations and falling prices in an inspirational message. Bitcoin BTC$69,373.37 dropped to around $60,000 during the week, losing about 16% of its value, while the broader CoinDesk 20 (CD20) index fell 17%. ADA$0.2753 dropped by 15.6% in the week.Hoskinson said he shared the figure to counter claims that crypto founders are…
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There are roughly 195 countries in the world, depending on how one counts. According to the World Bank, 87 qualify as “high-income economies,” with a per capita GDP above US$14,000. These countries account for only around 1.5 billion people out of a global population exceeding 8.2 billion.That figure, however, is about to rise dramatically. China’s per capita income currently hovers around US$13,000. Once it crosses that line, the number of people living in rich countries will jump to around three billion. India may follow in two decades if it can sustain its current unusually high growth for a prolonged period,…
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Tether has frozen more than half a billion dollars in cryptocurrency at the request of Turkish authorities, blocking funds tied to an alleged illegal…
Thursday’s selloff was one of the sharpest and most devastating in crypto market history: More than $2.6 billion was liquidated as bitcoin BTC$67,806.03 tumbled…
Bitcoin (BTC) rebounded above $65,000 on Friday, up 11% from 15-month lows below $60,000, as focus shifted to institutional dip buyers.Key takeaways:Bitcoin finally sees…
Ripple and XRPL contributors have outlined a growing set of “institutional DeFi” building blocks on the XRP Ledger that aim to make the network…
Bitcoin’s next major catalyst may come from the common assumption being flipped on its head that interest rates are bullish for Bitcoin only when…
from the playing-make-believe dept It’s been several years since we last did this, but I’d like to remind you all that the National Football…
BlackRock’s spot bitcoin BTC$70,588.64 exchange-traded fund has been a massive hit since launch, pulling in billions from investors seeking exposure to the cryptocurrency without…
Ether (ETH) has fallen by 30% over the past seven days, sliding to $1,900 from $2,800. The drop was accompanied by a sharp decline…
Bitwise contends that the crypto industry’s obsession with timing a market bottom overlooks a historical pattern where peak investor anxiety often signals the start…
The People’s Bank of China (PBOC), the country’s central bank, and seven Chinese regulatory agencies published a joint statement on Friday banning the unapproved…
In brief Cathie Wood’s Ark Invest sold shares in American crypto exchange Coinbase on Thursday amid Bitcoin’s slide. The firm dropped more than 119,000…
Chinese regulators have broadened their crackdown on crypto activities, imposing strict oversight on tokenization and stablecoin issuance in a Friday notice.”Recently, influenced by various…