News

Fuse, a London-based renewable energy startup, is looking to reshape the way energy is generated, distributed, and consumed by offering incentives—including cryptocurrency—using mobile apps and decentralized technology. The initiative is a decentralized physical infrastructure network (DePIN), a fast-growing sector enlisting blockchain-based technology and tokens in infrastructure projects—in Fuse’s case, renewable electricity. “When you send power down a power line, there are power losses,” Fus...

The European Central Bank (ECB) dropped the interest rate for its deposit lending facility by another 25 basis points on Thursday, reaffirming its newly dovish monetary policy stance—and Bitcoin and major stock market indices are slightly up following the news. The central bank expects core inflation to rapidly decline over the next two years. That said, its latest projections for economic growth are now weaker than they were in June, and economic activity remains “subdued” due to weak private c...

Digital asset manager Grayscale today launched a new trust giving investors exposure to XRP, the seventh biggest cryptocurrency by market cap and the coin created by the founders of payments platform Ripple. In a Thursday announcement, Grayscale said that it believed the asset had the "potential to transform the legacy financial infrastructure." The trust will allow investors to buy shares that track the price of XRP, but it will operate differently to its Bitcoin and Ethereum exchange-traded fu...

Eve Online creator CCP Games announced Thursday that its upcoming survival-centric blockchain game, previously referred to as Project Awakening, will launch as Eve Frontier instead—and that it’s being built within the Ethereum ecosystem. Eve Frontier, as it has been rebranded, is an on-chain space simulation game that players will be able to mold and expand as they see fit—and they must collaborate or face certain doom, CCP Games founder and CEO Hilmar Veigar Pétursson told Decrypt’s GG earlier...

Just days after former President Donald Trump and Vice President Kamala Harris faced off in their first debate, Polymarket odds have shifted to show Harris pulling ahead. However, an analyst at British multinational bank Standard Chartered believes a new Bitcoin all-time high price will come this year regardless of who wins the election. At the time of writing, crypto bettors favor Democratic candidate Harris to win the 2024 Presidential Election in November by a narrow margin—50% to Republican...

The U.S. Securities and Exchange Commission (SEC) chair Gary Gensler has come under fire for allegedly hiring civil servants based on political affiliations—a violation of federal law. The allegations come from a joint letter sent by the House Judiciary, Financial Services, and Oversight Committees. While the allegations don’t appear to overlap with crypto enforcement actions from the regulator, they do arrive at a time when firing Gensler has become one of Republican nominee Donald Trump’s camp...

Financial trading platform eToro has settled charges from the U.S. Securities and Exchange Commission, the regulator announced Thursday, with the firm agreeing to pay a penalty and stop offering all but three crypto assets for trade in the United States. According to the SEC announcement, eToro will only offer Bitcoin, Ethereum, and Bitcoin Cash trading going forward to U.S. customers. The regulator said that eToro settled charges related to operating "an unregistered broker and unregistered cle...

Popular Solana NFT collection Claynosaurz and the 3D animation studio behind it are expanding into gaming. On Thursday, the makers of Claynosaurz announced a collaboration with leading game publisher Gameloft to develop a mobile game based on the brand. While specific details about the game have yet to be fully revealed, the development team hinted that it will combine elements of a "choose your own adventure" experience with gameplay reminiscent of hit location-based game, Pokémon Go. The game...

A new Bernstein report highlights how U.S. brokerage Robinhood will benefit from a growing generational shift in financial preferences, with younger investors increasingly turning to crypto and blockchain-based solutions while older generations remain skeptical. Younger investors preferring new tech isn’t exactly shocking. But it has impacted how Bernstein rates some of the publicly traded finance and tech companies it tracks. On Thursday the firm shared that FINRA data shows 48% of crypto owner...

America’s biggest crypto exchange Coinbase has launched its wrapped Bitcoin token—first teased in August—at a time when the leading version of the token is stirring lots of controversy in the fast-moving space. The idea with the new token—called Coinbase Wrapped BTC, or cbBTC—is that traders can use their Bitcoin on Ethereum: It runs on the crypto network behind ETH, the second-biggest cryptocurrency by market cap, but is backed 1:1 with Bitcoin.  Why? So traders can use their Bitcoin on decentr...