Cryptocurrency Analysis and News Portal
The leader in news and information on cryptocurrency, digital assets and the future of money, 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 Group, which invests in cryptocurrencies
Read More
Ethereum co-founder Vitalik Buterin has unveiled how he will use $100 million in cryptocurrency from India’s Covid Crypto Relief Fund (Cryptorelief) to accelerate relief efforts and “bring great benefit to Indians and non-Indians.” The crypto is part of the Shiba Inu funds Buterin donated to Cryptorelief last year. Vitalik Buterin to
Read More
Crypto-focused venture capital fund ChainLink Capital Management has set a target to reach $100 million of assets under management for each of its Luna and Ama funds this year, General Partner Andrew Hoppin told CryptoX in an interview. The funds had approximately $30 million and $13 million under management, respectively,
Read More
After five weeks of constant outflows, institutional investment is finally trickling back into crypto funds with BTC the asset of choice and ETH falling out of favor.In its weekly Digital Asset Fund Flows report published on Jan. 24, crypto investment firm CoinShares observed inflows for some institutional products.It is the
Read More
As crypto traders suffered last week through the market's worst stretch in months, investors in digital-asset funds appear to have bought the dip.Cryptocurrency funds brought in $14.4 million of new investor money during the seven days through Jan. 21, ending a streak of five straight weeks of outflows, according to
Read More
Andreessen Horowitz (a16z), a venture capital firm that has invested extensively in the crypto industry, is looking to raise $4.5 billion for new funds, the Financial Times reported.The firm told investors it is looking for $3.5 billion for a crypto venture fund, the FT said, citing people briefed on the
Read More
The saga started earlier this week when Multichain instructed its users to remove approvals for six tokens, warning that otherwise their assets would be exposed to a security vulnerability. The tokens were WETH, PERI, OMT, WBNB, MATIC and AVAX. Multichain tweeted on Tuesday that hackers had siphoned about $1.4M in
Read More
Investors pulled money out of cryptocurrency funds for a fifth straight week, reflecting the bearish market mood as bitcoin suffers one of its worst-ever starts to a year.Digital-asset investment products saw $73 million of outflows during the seven days through Jan. 14, according to a report published Monday by the
Read More
Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March. Bitfinex Stops Providing Services to Ontario Customers Crypto exchange Bitfinex announced Friday that it is making changes to the services it provides to Ontario customers. Effective
Read More
North Korean hackers stole cryptocurrency worth about $400 million last year in at least seven major attacks on crypto platforms. “Only 20% of the stolen funds were bitcoin … And for the first time ever, ether accounted for a majority of the funds stolen at 58%,” said blockchain data analytics
Read More