Coinbase is likely to reveal this week that economic challenges persisted in 2023’s third quarter, though potential positive regulatory developments could ultimately offer tailwinds for the company.  

Executives are set to report the company’s latest quarterly financial results Thursday. Coinbase suffered quarter-over-quarter declines in trading volumes and net revenue from April to June, as previously disclosed.

Read more: Coinbase’s situation ‘tenuous’ despite ‘better than feared’ Q2 results

Despite those second-quarter weak points, the exchange’s adjusted EBITDA — earnings before interest, taxes, depreciation and amortization — remained positive for a second…

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Fifteen years ago today, Satoshi Nakamoto — whose true identity remains a mystery — published their seminal white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”

Spanning just nine pages, this document offered up a blueprint that reimagined the way we perceive and transfer value in a digital age. It delved into the intricacies of cryptographic hashing, the architecture of blocks and the timing mechanisms that would be used to sustain them.

One of the white paper’s main innovations was its proposed proof-of-work system. While not Satoshi’s invention, its application in the context of a decentralized cryptocurrency was novel. Building upon ideas like Adam…

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The members of a community of any type want to feel like they’re involved, connected and part of something that’s genuinely unique and valuable. That’s certainly true of the communities that support nonfungible token projects. 

And it’s not just about a “warm and fuzzy” feeling. A healthy, engaged community can not only provide valuable feedback and long-term investors for NFT project leaders, but its members can also generate buzz, leading to increased demand and, optimally, driving up the value of their investments. Through their own initiatives, they can even grow the project’s ecosystem.

Without a doubt, creative and conscientious NFT project leaders who work to foster…

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MadLads creator Backpack has launched a crypto exchange now that it has secured a VASP license from Dubai.

Backpack Exchange will first be made available as a private beta for existing Backpack and MadLads community members sometime in November. The exchange, which will only offer spot trading for the time being, will publicly launch in the first quarter of 2024. 

Developers will be working to add derivatives and margin trading to the exchange after its launch, according to a press release. 

Backpack founder and CEO Armani Ferrante announced the news early Tuesday morning on X, formerly Twitter, saying that creating this exchange was “the hardest yet most important project” his…

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Bitcoin (BTC) worth over $7.2 billion is still controlled by the United States government — but its losses are mounting.

Data from on-chain analytics firm Glassnode shows that Washington’s seized bitcoins total 210,429 BTC as of Oct. 31.

195,000 BTC sold, $6.3 billion down

The U.S. Department of Justice (DoJ) and Internal Revenue Service (IRS) are well known — perhaps accidentally — as being one of the world’s largest Bitcoin whales.

Through various legal proceedings, lawmakers have confiscated vast amounts of BTC over the years, and only a small percentage of its takings have been resold at auction.

Those who opted to buy the proceeds have profited considerably, and adding to the…

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Decentralized finance (DeFi protocols) are interpreted to be exempt from the scope of the European Union’s Markets in Crypto-Assets Regulation (MiCA), according to consultancy BCAS. But only when it is “fully decentralized” — meaning no person or company controls the platform being used. 

The European Commission will be mandated under MiCA to develop a detailed report assessing the pros and cons of DeFi over the next year or so, Mark Foster, the EU policy lead at the Crypto Council for Innovation told Blockworks.

This will help determine what the next steps for DeFi will be in the EU. 

“If there are risks that have been identified, they can propose legislation at a later…

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Data availability blockchain Celestia is live on mainnet, making it the first modular data availability network to be publicly available. 

Celestia’s mainnet launch will consist of rollups that use the network as its data availability and consensus layer.

The team recently initiated its airdrop efforts, through which 6% of the tokens total circulating supply was set to be awarded to eligible participants.

Read More: Celestia opens airdrop for planned modular data availability network

Data availability refers to the capability network nodes have to download transaction information, store the information and ensure that participants can access the information to verify or dispute its…

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