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

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News Analysis

Harris Likely to Pick Pennsylvania Gov. Shapiro for Veep, Prediction Markets Say

Also: the Democrat gains on Trump but hasn't closed the gap, unlike in polls; Polymarket punters trade on Olympic women's boxing controversy.

AMBLER, PENNSYLVANIA - JULY 29: Pennsylvania Governor Josh Shapiro speaks during a campaign rally for Vice President Kamala Harris on July 29, 2024 in Ambler, Pennsylvania. Shapiro and Michigan Governor Gretchen Whitmer campaigned to bring supporters behind Vice President Harris's campaign to protect Americans' freedoms, lower costs for families, and slam Trump's Project 2025 agenda. (Photo by Hannah Beier/Getty Images)

Policy

Bitcoin as a Strategic Reserve

Both former President Donald Trump and Sen. Cynthia Lummis proposed the U.S. hold its bitcoin.

Former President and 2024 Republican presidential candidate Donald Trump (Jon Cherry/Getty Images)

Finance

Bitcoin Miner Marathon's Shares Tumble After Revenue Unexpectedly Misses Wall Street's Estimates

The miner said its adjusted EBITDA swung to loss, compared to previous year's profit.

Marathon Digital CEO Fred Thiel (CoinDesk)

Policy

EU Regulator Details How It Classifies Unlawful Overseas Businesses Under MiCA

The European Securities and Markets Authority released an opinion to aid firms that may do business with overseas firms in order to prevent them breaching the rules on Wednesday.

The EU's MiCA law starts to take effect at end-2024. (Pixabay)

Policy

Crypto Exec Pushing for Industry Support of Kamala Harris for President

J.P. Thieriot, a board member and ex-CEO of Uphold, backs the vice president in her U.S. presidency bid and says he's hoping to build a digital assets advocacy for the Democrat.

Kamala Harris.  (Megan Varner/Getty Images)

Policy

Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request

Kwon has been in custody in the Balkan country since March 2023, when he was arrested for using a fake passport en route to Dubai.

Terraform Labs co-founder Do Kwon (CoinDesk TV)

Markets

Bitcoin Tumbles Below $65K Post-FOMC as Middle East Tensions Flare

The price action happened as Iran's leadership reportedly ordered retaliatory attacks against Israel, increasing concerns about a broader conflict in the Middle East.

Bitcoin price on July 31 (CoinDesk)

Policy

Does the SEC Really Have Jurisdiction Over NFT Art? Two Artists Sue SEC to Get an Answer

The SEC’s approach towards NFTs, plaintiffs argue, “has the potential to bleed into the traditional art and collectibles markets in an unprecedented and boundless manner.”

Lejilex v. SEC is a classic case of “impact litigation.”(Jesse Hamilton/CoinDesk, modified)

Policy

Stablecoin Balance Sheets Can Be Supervised, BIS and UK Central Bank Project Claims

Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, a report said.

BIS building (BIS)

Policy

Russia Legalizes Crypto Mining and Brings an Experimental Regime

The State Duma passed two bills on Tuesday.

Russian flag (Egor Filin/ Unsplash)