Nikhilesh De

Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. He owns < $50 in BTC and < $20 in ETH. He won a Gerald Loeb award in the beat reporting category as part of CoinDesk's blockbuster FTX coverage in 2023, and was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.

Nikhilesh De

Latest from Nikhilesh De


Policy

U.S. Senate Hearing on Crypto Taxes Reveals Headaches for Both Industry and IRS

A top Coinbase tax executive suggested the IRS isn't ready for the flood of tax reporting about to come in, even as many crypto rules still need to be written.

IRS (Jesse Hamilton/CoinDesk)

Markets

Bullish Launches U.S. Spot Crypto Trading Following NYDFS Approval

Now live in 20 states, Bullish expands into U.S. markets as institutional appetite for crypto strengthens.

Crypto exchange Bullish goes public on the New York Stock Exchange. (Aoyon Ashraf/Modified by CoinDesk))

Markets

Legacy Users ‘Not Forgotten’ as OpenSea Balances Newcomers, OGs Ahead of Token Launch: CMO Hollander

In an interview with CoinDesk, OpenSea’s Adam Hollander shares about the platform's revamp plans.

OpenSea platform (OpenSea)

Finance

SBI Crypto Reportedly Hit by $21M Hack With Suspected DPRK Links

SBI Crypto, a subsidiary of Japan’s SBI Group, has reportedly suffered a $21 million exploit with blockchain sleuths pointing to possible ties with North Korean hackers.

Lazarus Group, a cybercrime organization run by the North Korean government, may have links to this week's exploit of Euler Finance. (Micha Brandli/Unsplash)

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Tech

The Protocol: Solana’s Firedancer Proposes Uncapping Block Compute-Unit Limit

Also: Denials of Bitcoin Hard Fork, UN Experiments With Blockchain, and Gate Rolls Out Token Launcher.

Solana (SOL) Logo

Finance

Aleo and Paxos Labs Launch Privacy-Focused Dollar Stablecoin Aimed at Institutions

The USAD token encrypts transaction data end-to-end, aiming to enable private, programmable digital dollars.

Paxos Labs co-founder Bhau Kotecha (Paxos Labs)

Finance

MEXC Ventures Raises Ethena Investment to $66M

The new investment builds on previous purchases of ENA and USDe, its synthetic stablecoin that tracks the value of the dollar without traditional reserves.

Seed Funding Investment coins in a jar (Towfiqu barbhuiya/Unsplash/Modified by CoinDesk)

Policy

White House Withdraws Pro-Crypto Brian Quintenz's Name From CFTC Chair Nomination

Gemini's co-founders Tyler and Cameron Winklevoss opposed Quintenz's nomination.

Brian Quintenz (Senate Agriculture Committee, screen capture)

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Policy

U.S. SEC Takes Preliminary Step to Expand Universe of Crypto Custody to State Trusts

Another no-action letter from the agency staff signals the SEC's view that state-chartered trusts are fine for handling digital asset custody.

U.S. SEC headquarter in Washington (Jesse Hamilton/CoinDesk)

News Analysis

SEC's Bow to DoubleZero Carries Major Weight for Decentralized Infrastructure: Peirce

The U.S. regulator's decision to give the project's token distributions a pass represents the right get-out-of-the-way approach, Commissioner Hester Peirce said.

U.S. SEC headquarters in Washington (Jesse Hamilton/CoinDesk)