Crypto

Crypto

Finance

A16z Addresses Downturn in Inaugural State of Crypto Report

The report discussed Web 3 trends and why Ethereum remains the dominant blockchain.

A16z partner Chris Dixon (Steve Jennings/Getty Images for TechCrunch))

Policy

Portugal Makes U-Turn on Cryptocurrency Tax

Reversing its previous hands-off stance, the nation will impose taxes on the exchange and sale of cryptocurrencies.

Portugal has made a U-turn on taxing cryptocurrency. (aayush_gupta/Unsplash)

Finance

Bitcoin Miner Bitfarms Lowers Hashrate Outlook to 6 EH/s This Year

The miner is still assessing other opportunities to expand its capacity to as much as 8 EH/s by the end of the year.

Bitfarms' mining facility in Quebec, Bitfarms (Aoyon Ashraf for CoinDesk)

Finance

Morgan Stanley Says NFTs Next to Watch After UST Collapse

Most speculative and leveraged areas of crypto markets now in focus, the bank’s analysts said.

Morgan Stanley's U.K. headquarters

Policy

Indian Central Bank Says Cryptos Could Lead to ‘Dollarization’ of Economy: Report

RBI officials said cryptocurrencies could undermine the central bank's capacity to regulate the flow of money.

Parliament House in New Delhi, India (Unsplash)

Policy

N.Y. Man Arrested, Charged With Fraud for Alleged Role in $59M Crypto Pyramid Scheme

The FBI says Eddy Alexandre promised investors he could double their money with a “robo-adviser” – and then spent their money on luxury cars and business expenses.

Eddy Alexandre allegedly ran the $59 million pyramid scheme (note: the chyron in the screenshot misspells Alexandre's name). (FBI/modified by CoinDesk)