Category Archives: coindesk.com

Russia’s Largest Banks Are Piloting Bitcoin and Crypto Portfolios

Two of Russia’s largest banks are piloting cryptocurrency portfolios for their private clients, the Kommersant newspaper reported Friday. Under the watch of the Bank of Russia, Sberbank and Alfa Bank will offer their clients shares in a special fund that will be trading the six most popular cryptocurrencies on major exchanges, including Kraken and Bitstamp, according to the… Read More »

Metropolitan Bank Is Handling Millions for Crypto Clients (And It Wants More)

To most banks in the U.S., cryptocurrency businesses are pariahs. To Metropolitan Commercial Bank, they’re “pioneers.” At least, that’s how the New York financial institution’s chief technology officer, Nick Rosenberg, describes them. “We’re certainly very interested in growing this vertical,” Rosenberg told CoinDesk of the bank’s crypto clientele. “We’ve learned that it’s a serious industry. There are some… Read More »

Chip Maker Nvidia Adds Blockchain-AI Startup to Incubator

Nvidia appears to be expanding its interest in blockchain. CoinDesk has learned the graphics card producer, which saw a headlines-grabbing business boost from crypto mining demand last year, is now working with a startup called Ubex to develop a smart online marketing platform that uses blockchain and artificial intelligence. Abhinav Agrawal, a spokesperson for the startup, told CoinDesk that… Read More »

In the Scramble to Fix Digital Identity, uPort Is a Project to Watch

Talk to any three blockchain entrepreneurs, and at least one of them will pitch a way for internet users to own their own data. Recent privacy debacles at Yahoo, Equifax and Facebook have driven home the realization that anyone with a smartphone is walking, talking, searching, eating, posting, browsing fodder for advertisers, machine learning algorithms and thieves. And… Read More »

EOS May Be Live But the Debate with Crypto Critics Continues

After a messy weeks-long process, CoinDesk broke the news yesterday that the EOS blockchain is officially live. To some, it’s already an event for the cryptocurrency history books. Still, if you haven’t been following the event closely, it might beg the question, ‘What is EOS anyway?’ When we talk about EOS, think about a cloud computing service like… Read More »

Token Swaps: What Are They, How They Work & Why They’re Happening Now

So, your token is being sent to a new blockchain… Far from an elaborate crypto scam, the decision to carry out this process, known as a “token migration” or “token swap,” has become increasingly popular among blockchain projects. Notably, two of the top 25 cryptocurrencies trading globally – Tron and EOS – are in the midst of such… Read More »

Bank of International Settlements to Publish New Crypto Research

The Bank of International Settlements (BIS) is dedicating two chapters of its forthcoming annual economic report to cryptocurrencies. BIS – considered to be the central bank’s central bank – will publish those two chapters this weekend on June 17, the institution announced this week. The full report will be published on June 24. The upcoming report will follow… Read More »

Quantstamp Defends QSP, Says Dollars, Ether Accepted Out of ‘Necessity’

A week after Quantstamp community members began accusing the smart contracts auditing startup of undermining the value of its $65 million token, the company responded with a statement on Thursday. As previously reported by CoinDesk, for at least the past week, Quantstamp token holders have been alleging that the company misled them by accepting U.S. dollars and ether,… Read More »

Proposed Ethereum Roadmap Would Activate Its Biggest Upgrades Together

The developer team behind ethereum is considering possible changes to a planned rollout of new technology upgrades. Addressing rumors that such plans are now under review, ethereum creator Vitalik Buterin told a meeting of the platform’s open-source developers Friday that the idea is that the team might seek to alter the sequence in which Casper and sharding, perhaps its two… Read More »