Coindesk

Crypto asset manager Bitwise has uploaded documents to launch an exchange-traded fund (ETF) tied to the price of dogecoin (DOGE), a filing with the US. Securities and Exchange Commission on Tuesday shows.The filing, an S-1 document, is a requirement for companies seeking to issue a new security and be listed on a public stock exchange.Earlier this month, investment managers Rex Shares and Osprey Funds filed paperwork for several crypto ETFs, including dogecoin among other memecoins.However, Bitwise’s filing differs in that it is filed under the ‘33 Act as opposed to the 40 Act, which Rex and Osprey filed under, Bloomberg Intelligence senior ETF analyst Eric Balchunas pointed out.S-1s filed under the ‘33 Act are typically used for niche, commodity-based ETFs...

Lorien Gabel has spent decades building internet infrastructure companies, from ISPs to cloud security firms. In 2018, recognizing the transformative potential of proof-of-stake networks, he co-founded Figment, which has since become one of the world’s largest independent staking providers, offering technology and services that enable users to stake their tokens without having to use a centralized exchange or custodian.Today, the company manages $15 billion in assets and serves over 500 institutional clients.This series is brought to you by Consensus Hong Kong. Come and experience the most influential event in Web3 and Digital Assets, Feb.18-20. Register today and save 15% with the code CoinDesk15.Here, Gabriel, who will be a speaker at Consensus Hong Kong, discusses Figment’s expansion into Asia, bitcoin staking...

French authorities have expanded a probe into Binance, investigating alleged money laundering, tax fraud and other crimes at the crypto exchange from 2019 to 2024, according to a Tuesday report from Reuters.Binance has denied the allegations, telling CoinDesk in an emailed statement that it will “vigorously fight any charges made against it.”The investigation, which was opened by JUNALCO, the division of the Paris public prosecutor’s office that handles economic and financial crime, involves alleged offenses that took place in France as well as the broader European Union (EU). French authorities first began investigating Binance in June 2023 for “aggravated money laundering” and the “illegal” provision of crypto trading services before it received regulatory approval from the AMF, the French financial...

A recently published journal article by researchers at BTQ, a startup working to build blockchain technology that can withstand attacks from quantum computers, has proposed an alternative to the Proof of Work (PoW) algorithm involving quantum technology.Proof of Work is a blockchain consensus mechanism that secures the Bitcoin network. Participants crunch through vast amounts of math problems to validate transactions. Some have criticized the process as being too energy-intensive, while others have argued the opposite.Quantum computing involves moving away from a process reliant on binary code, ones and zeros, which open and close transistor gates. Quantum bits (qubits) exist in multiple states simultaneously, vastly increasing computational power to the point where modern-day encryption built by classical computers – reliant on...

The native token of Movement, an Ethereum layer-2 network built using the Facebook-created MoveVM coding language, jumped on Tuesday after Donald Trump-backed World Liberty Financial purchased tokens. There was also a fresh report that the network is among the blockchains in discussion with the Elon Musk-led Department of Government Efficiency (DOGE).The MOVE token spiked as much as 20% to $0.89 on the news before paring some of the gains, still up 13% during the day at press time.The advance happened as World Liberty Financial, which is backed by President Donald Trump and his family, acquired a total of $2 million worth of MOVE tokens in several batches during the U.S. morning hours, with the first transaction occurring at 14:22 UTC,...