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Crypto & Web3

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Crypto & Web3CoinDesk ·

Michael Saylor Opposes BIP-110, Warns Against Bitcoin Blockchain Censorship

MicroStrategy executive chairman Michael Saylor has publicly criticized BIP-110, a proposed protocol change aimed at temporarily filtering so-called spam data from the Bitcoin blockchain. Saylor argues the proposal would compromise Bitcoin's core principle of network neutrality. He warns that allowing selective blocking of transactions sets a dangerous precedent that could open the door to broader censorship on the network. The prominent Bitcoin advocate believes such intervention would ultimately harm the integrity and trustworthiness of the blockchain.

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Crypto & Web3CoinDesk ·

Zero-Knowledge Proofs Could Counter Threats Posed by Autonomous AI Agents

Brian Trunzo, chief growth officer at Succinct Labs, argues that the growing presence of autonomous AI agents is posing serious risks to the integrity of the internet. He contends that zero-knowledge proofs, a cryptographic mathematical tool, represent a viable solution to this challenge. Zero-knowledge proofs allow one party to verify the truth of information without revealing the underlying data itself. Trunzo's argument highlights the increasing urgency for robust technical safeguards as AI agents become more prevalent online.

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Crypto & Web3CoinDesk ·

GENIUS Act Deadline Looms: USDT Faces Potential Delisting from US Platforms by 2028

The GENIUS Act, a U.S. stablecoin regulation law, has passed its first anniversary without regulators completing the required rulemaking. Tether's USDT, a widely used stablecoin, now faces a roughly two-year window to comply with the forthcoming regulations. U.S. regulators have missed initial deadlines to draft the necessary rules, though full compliance is mandated by July 2028. If USDT fails to meet the regulatory requirements, it risks being removed from American cryptocurrency platforms. The situation puts pressure on Tether to align its operations with U.S. standards ahead of the deadline.

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Crypto & Web3CoinDesk ·

Kraken launches USD-settled Bitcoin and Ether options to boost derivatives adoption

Crypto exchange Kraken has introduced USD-settled options contracts for Bitcoin and Ether, marking a new step in its derivatives offerings. The Wyoming-based company believes that poor product design, rather than a lack of investor interest, has been the primary barrier to wider crypto derivatives adoption. By simplifying the structure of its options products, Kraken aims to make derivatives more accessible to a broader range of traders. The firm sees this launch as a potential catalyst for unlocking significant growth in the crypto derivatives market.

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Crypto & Web3CoinDesk ·

Project Eleven builds quantum recovery tool for Bitcoin wallets, excludes Satoshi's coins

Project Eleven has developed a proof-of-concept tool designed to help Bitcoin wallet owners recover access if quantum computers become capable of forging cryptographic signatures. The solution uses a wallet's own key-derivation path as a form of ownership verification, bypassing the need for traditional signatures. The tool is notably lightweight, running in just 243 milliseconds on a standard laptop. However, the recovery mechanism does not apply to Satoshi Nakamoto's estimated 1.1 million coins, which lack the necessary derivation path data. The development highlights growing efforts within the crypto community to address quantum computing threats to blockchain security.

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Crypto & Web3CoinDesk ·

Zcash unveils Zakura node aiming to scale private transactions to 50,000 per second

Zcash has introduced a new node client called Zakura, designed to dramatically increase the network's private transaction throughput. The client is the first live component of a broader plan to scale Zcash to payment-network levels comparable to Visa. Currently, Zcash processes approximately one private transaction per second, making the proposed leap to 50,000 transactions per second a significant technical ambition. Zakura represents an early but concrete step toward achieving that large-scale privacy infrastructure.

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Crypto & Web3CoinDesk ·

France Orders ISPs to Block Prediction Market Platform Polymarket

French authorities have directed the country's internet service providers to block access to Polymarket, a popular prediction market platform. The regulator raised concerns about addictive design mechanics built into the platform. Officials also noted the absence of self-exclusion tools, which are typically required to help users manage problematic usage. A significant number of French users had reportedly been circumventing earlier financial restrictions to access the site, prompting the escalated response.

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Crypto & Web3CoinDesk ·

Crypto Leaders Say Gen Z May Skip Traditional Banking Altogether

Teakhouse Financial co-founder Adrian Cachinero has suggested that digitally native generations may have little need for conventional bank accounts. His comments reflect a broader shift in how younger consumers are approaching personal finance. Binance has added weight to this view, noting that younger users are already leading cryptocurrency adoption in emerging markets. The trend points to growing confidence in crypto as a primary financial tool among the next generation of users.

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Crypto & Web3CoinDesk ·

DOG Mode Client Reignites Debate Over Who Controls Bitcoin's Network Rules

A new Bitcoin client called DOG Mode, introduced by a developer known as Leonidas, is challenging the network's default transaction relay policies. The client proposes alternative rules for what transactions nodes will forward, putting it at odds with Bitcoin's established defaults. This has reignited a long-standing philosophical debate within the Bitcoin community about censorship resistance and free-market principles. The dispute raises a fundamental question about governance: who ultimately has the authority to set the rules of the Bitcoin network. The development signals that a significant disagreement over Bitcoin's future direction may be on the horizon.

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Crypto & Web3CoinDesk ·

Trump Administration Eyes Brazil's Pix System Amid Dollar Dominance Concerns

The Trump administration has raised concerns about Brazil's promotion of non-dollar payment channels, viewing them as a potential threat to dollar-based trade. Brazil's Pix instant payment system is among the channels drawing Washington's scrutiny. Despite these concerns, dollar-linked stablecoins already dominate Brazil's crypto landscape, accounting for roughly 90% of the country's crypto transactions. The situation highlights a tension between U.S. policy objectives and the on-the-ground reality, where dollar-pegged digital assets are quietly expanding their footprint in Brazil's financial ecosystem.

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Crypto & Web3CoinDesk ·

1.6 Billion in Crypto Liquidity Sits Idle, Earning Zero Fees

Roughly $1.6 billion in cryptocurrency liquidity is currently sitting outside active trading ranges, generating no returns for its providers. On a weekly basis, approximately $542 million of this capital remains inactive, contributing nothing to market depth. This idle liquidity earns zero trading fees, representing a significant inefficiency in decentralized markets. The situation highlights a persistent challenge in liquidity management, where capital is deployed but fails to participate in actual price discovery or trading activity.

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Crypto & Web3CoinDesk ·

Large traders place options bets on Bitcoin hitting $72,000 by month end

Options market activity indicates that large traders are positioning for Bitcoin to reach $72,000 by the end of the month. The bets are structured as call spreads, a strategy used to profit from a targeted price rise while limiting risk. The timing is notable as the Federal Reserve is scheduled to meet around the same period, an event that often influences risk asset prices. A Fed decision on interest rates could act as a catalyst for significant movement in cryptocurrency markets. The options flow signals growing bullish sentiment among sophisticated traders in the near term.

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Crypto & Web3CoinDesk ·

84% of Financial Firms Now Treat Tokenization as a Strategic Priority

A new survey by Broadridge reveals that tokenization has moved to the forefront of strategy for the vast majority of financial institutions. Wall Street firms are actively accelerating their efforts to digitize assets on blockchain-based platforms. The findings indicate that the industry is increasingly embracing hybrid market models, where digital and traditional assets operate side by side. This shift signals growing institutional confidence in the long-term viability of tokenized financial infrastructure.

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Crypto & Web3CoinDesk ·

Polymarket odds for CLARITY Act passage hit record low amid Senate stalemate

Prediction market bettors on Polymarket have pushed the probability of the CLARITY Act passing in 2025 to an all-time low. The decline reflects growing pessimism as Senate negotiations continue to stall over unresolved ethics provisions. Talks among senators have dragged on without a clear resolution, dampening confidence in the bill's near-term prospects. The CLARITY Act, which relates to cryptocurrency market regulation, now faces significant uncertainty over whether it can advance through the Senate this year.

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Crypto & Web3CoinDesk ·

Stripe and Swift Compete for Control of Next-Gen Digital Payments Infrastructure

Stripe and Swift are emerging as key rivals in the race to dominate next-generation global payments infrastructure. Crypto and blockchain experts have noted that recent moves by both companies signal an intensifying competition. The two established financial firms are vying for control over the underlying systems that power digital payments worldwide. Industry observers say the developments this week highlight how traditional finance players are staking their claims in the evolving payments landscape.

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Crypto & Web3CoinDesk ·

Cardano shifts core development control to external teams in decentralization move

Cardano is transferring control of its core development infrastructure to outside teams as part of a broader decentralization effort. Input Output, the company behind Cardano, will hand over key components including the Haskell node, Plutus, and Hydra. Founder Charles Hoskinson has stated that the network needs to evolve and resume growth. The move signals a significant structural shift in how the Cardano blockchain is maintained and developed going forward.

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Crypto & Web3CoinDesk ·

Robinhood Eyes 10 Million Users for DeFi Push, but Memecoins Dominate Early Activity

Robinhood is making a major push to bring 10 million retail users onto decentralized finance platforms. The company believes its competitive edge lies in its large base of everyday, non-crypto-native customers. However, early on-chain activity from its users has been largely concentrated in memecoin trading rather than broader DeFi engagement. Meanwhile, Robinhood's original vision of tokenizing real-world assets remains limited in scale. The gap between the company's ambitions and current user behavior raises questions about the strategy's long-term success.

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Crypto & Web3CoinDesk ·

SBI Group consolidates Coinhako, partners Ondo Finance in Asia digital asset push

Japan's SBI Group has announced the consolidation of Singapore-based cryptocurrency platform Coinhako into its operations. The move is part of a broader regional expansion strategy aimed at strengthening SBI's digital asset presence across Asia. The securities giant has also entered a tokenization partnership with Ondo Finance as part of this push. Together, these developments signal SBI's ambition to build a significant cross-border digital asset business in the region.

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Crypto & Web3CoinDesk ·

China's Kimi K3 tops coding benchmark, dragging crypto and chip stocks lower

Chinese AI startup Moonshot's Kimi K3 model has claimed the top position in a frontend coding benchmark, outperforming rivals Claude and OpenAI's GPT. The model is available for free, raising competitive pressure on established Western AI players. The development rattled semiconductor stocks, which declined in response to the news. Bitcoin and the broader crypto market fell alongside chip stocks, reflecting investor concern over shifting AI dominance.

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