US


Tech

Bitcoin Mining Difficulty Drops as Miners Feel the Texas Heat

It's the third consecutive downward adjustment – the first time that's happened since last July.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

Finance

My Big Coin Founder Convicted of Defrauding Investors of More Than $6M

Randall Crater was found guilty of peddling a cryptocurrency scam.

(Oleksandr Berezko /EyeEm/Getty Images)

Policy

US Justice Department Seizes $500K in Ransom Payments and Crypto From North Korean Hackers

Deputy Attorney General Lisa Monaco said the FBI has identified a new type of ransomware used by the state-sponsored hackers.

Department of Justice (Getty Images)

Layer 2

Ex-CFTC Chairman Discusses Celsius' Bankruptcy and CBDC Adoption

The former Commodity Futures Trading Commission chief joined CoinDesk TV’s “First Mover” to discuss why the bankruptcy of lender Celsius Network could set legal precedent in future crypto hearings, and why the likelihood of CBDC adoption worldwide could be based on Chinese technology.

Former CFTC Chief J. Christoper Giancarlo on "First Mover." (CoinDesk TV screenshot)

Policy

US Congressional Group ‘Disturbed’ by Crypto Mining Energy Usage

The six Democratic lawmakers found that seven large crypto miners consume enough energy to power all the households in Houston, Texas.

(David McNew/Getty Images)

Markets

US Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls

The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.

Small Shrinking Currency Dollar in Inflation  (iStock)

Markets

US CPI Preview: Inflation Likely to Climb to New 40-Year High

A hotter-than-expected core CPI figure could bring renewed selling pressure to the bitcoin market.

Inflation in the U.S. probably rose to another four-decade high in June. (Mediamodifier/Pixabay)

Finance

Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation

The troubled lender lacks the assets and liquidity to honor its obligations to investors, DFR said.

Alex Mashinsky, Founder and CEO of Celsius Network (CoinDesk)

Policy

US Treasury Opens Door for Public Comments on Biden’s Crypto Order

The U.S. agency will accept comment letters by Aug. 8 on the president’s March order to establish a regulatory regime for crypto.

Treasury Secretary Janet Yellen at American University in April 2022 (Jesse Hamilton for CoinDesk)

Policy

Digital Dollar Could Be Good for Financial Stability, US Federal Researchers Say

Though critics of a central bank digital currency have warned it could amplify bank runs, the Office of Financial Research says it may actually help.

(Image modified by CoinDesk)