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The U.S. Federal Reserve chairman, Jerome Powell, recently announced that the Fed will now shift its focus from targeting inflation to closing “unemployment shortfalls.” The Fed, in essence, is doubling-down on the same inflationary policies with which it experimented during the 2008 global financial crisis. Speaking at a virtual Jackson Hole event recently, Powell said […]

Huobi, the third-largest crypto exchange by derivatives trading volume, is now giving users a way to earn relatively attractive interest rates on a bitcoin or USDT savings account. The product, launched Sept. 7, is the exchange’s latest bid to beat its competitors as it boosts its assets under management.  Huobi’s addition targets retail traders less […]

A California judge has thrown out a $200 million damages claim against mobile operator AT&T from crypto investor Michael Terpin over a SIM-swap hack, but has allowed the rest of the case to proceed. Read the dismissal order below: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest […]

While it’s notable that some enterprises are beginning to deploy blockchain solutions this year, it’s important to point out that very few have done so. A report from Everest Group Research published in June shows that while 79% of projects have completed their pilot phases, only 7% have been deployed to production in 2020. That […]