Coindesk

Donald Trump's victory in the November presidential election is already ushering in a new era for crypto in the U.S., JPMorgan (JPM) said in a report Wednesday, noting that the total cryptocurrency market cap has jumped about 65% since his reelection."Not only does this new administration bring a sense of crypto friendliness, but it also has shown an eagerness to promote the asset class," analysts led by Kenneth Worthington wrote.The incoming administration has shown a willingness to talk about crypto market regulation and about how to keep future development in the U.S., the report said, adding that the president-elect has already nominated a number of people who will take part in the formulation of crypto policy and enforcement.This means a...

Earlier this year, some users of wrapped bitcoin wBTC were dismayed to find its issuer BitGo was sharing custody of their bitcoin (BTC) with BiT Global, a Hong Kong-based crypto custodian partly owned by TRON founder Justin Sun.The episode "reopened old wounds inflicted by previous centralized custody failure," even though it did not expose any novel flaws, the Bitcoin Builders Association (BBA) said in a report on Wednesday."These wounds cause BTC holders to be unwilling to trade off their self-custody for trusted solutions," the report said.The BBA noted that there's been signs of growing distrust toward centralized entities. WBTC's supply has dwindled to 0.74% of the total bitcoin circulating supply from 1.5% over two years ago.The collapse of numerous crypto...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3834.16, down 2.9% (-116.36) since 4 pm ET.One of 20 assets is trading higher.Leaders: HBAR (+0.8%) and BTC (-1.6%).Laggards: LTC (-7.6%) and FIL (-6.2%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

EMBARGO 9AM ET - 14:00 UTCPatchwork, a startup focused on simplifying blockchain and smart-contract development founded by former Coinbase employees, has released the next version of its low-to-no-code tools for building decentralized applications (dapps).Currently linked to Coinbase’s popular Ethereum layer-2 network Base and backed by Coinbase Ventures, the “Create-Patchwork” picks-and-shovels approach lowers the barriers to building blockchain applications and attaching data to them.Following the trend toward easily generated content, the complex world of blockchains and smart-contract design is on a path to no-code applications, or “text-to-app” experience.Create-Patchwork is the first of several features the team plans to roll out in early 2025 and a foundational step to enable creators to generate contracts and applications in seconds using natural language inputs.“Patchwork...

Swiss cryptocurrency custody specialist Taurus is collaborating with Temenos, a firm that provides core banking software to many of the world’s largest financial institutions, allowing those banks to quickly and easily create crypto wallets and transfer a wide range of digital assets.This collaboration is important as the Geneva-headquartered Temenos is quite big: the firm has 67 offices in 40 countries and serves over 3000 banks and financial institutions. Taurus, whose crypto custody clients include the likes of Deutsche Bank and State Street, says it is the first digital asset custody platform to fully integrate with Temenos.The integration means banks using Temenos can avail themselves of one-click crypto wallets that seamlessly connect with traditional accounts, as well as automated deposit, transfer,...