Review: HTC Exodus 1s, the Full Bitcoin Node Smartphone

When it launched during The Lightning Conference in October 2019, HTC’s Exodus 1s smartphone took on the ambitious mission of endowing Bitcoiners with a device that delivers the security of a hardware wallet and the privacy and sovereignty of a full Bitcoin node.  At a retail price of 219 euro (approximately $245), plus shipping tax, the device is more affordable than a Casa Node and twice as expensive as a Ledger Nano X hardware wallet. Weighing less than 6 ounces and sporting a shiny 5.7-inch screen, the HTC Exodus 1s…

Libra Association Sets Up Five Member Oversight Committee

The Libra Association, the non-profit organization overseeing Libra, has established a five-member Technical Steering Committee (TSC) to oversee and coordinate the technical design and development of the Libra network. The responsibilities of the TSC are to direct the technical roadmap of the Libra network, form working groups to fast track research into specific issues, guide codebase development, and build a healthy and engaged community of developers. The association has said that the establishment of the oversight committee is an important step forward in realizing its vision of a self-governing and…

Plaintiffs Combine Their Market-Manipulation Lawsuits Against Bitfinex and Tether

Plaintiffs in three separate putative class action lawsuits against Bitfinex and Tether have moved to consolidate their cases, according to a Thursday court filing. Court filings by David Leibowitz et al, Eric Young et al, and Bryan Faubus et al, accuse the sister companies of manipulating the crypto markets. Their cases share common threads, filings show, including allegations that Bitfinex and Tether manipulated the price of bitcoin and bitcoin futures in violation of federal law. All three cases were filed in the U.S. District Court for the Southern District of…

Cointelegraph Partners With Oxygen7 to Raise Funds for Australia Relief Efforts

January 16, 2020 — As a company, Cointelegraph cares about the environment and the world in which we all live. The wildfire crisis in Australia has mobilized us as an organization to take action to help the current recovery efforts down under. Cointelegraph is pleased to announce a partnership with ecological preservation organization Oxygen Seven. We have created a bitcoin donation fund with all money raised going directly to the Australian Wildfire Fund (https://aussieark.org/). Helen Vitalie Lang, Deputy CEO of Cointelegraph: “After seeing the horrific scenes coming out of Australia…

The Prospect of Building a New International Monetary System Is Getting Real

This is part of a series of op-eds previewing the World Economic Forum in Davos, Switzerland. CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Follow along by subscribing to our pop-up newsletter, CoinDesk Confidential: Davos. Jeremy Allaire is co-founder, chairman and CEO of Circle, which, with Coinbase, pioneered the open standards CENTRE Consortium and USD Coin (USDC) – a dollar-backed stablecoin used in millions of financial transactions around the world. He has also been named…

Ex-NFL Team Owner Intends to Plead Guilty to Running Unlicensed Money Transmitter

Former “shadow banker” Reginald Fowler intends to plead guilty to charges of operating an unlicensed money transmission business during a court hearing Friday. In a hearing before the Southern District of New York, Fowler, a former co-owner of the National Football League’s Minnesota Vikings, changed his original plea from not guilty, essentially admitting to providing exchanges with banking services through his alleged operations with Crypto Capital, a payment processor that served exchanges including Bitfinex, QuadrigaCX and CEX.io.  While Fowler intends to plead guilty, the prosecution and defense must first come…

Tyrone Ross on Why Financial Advisors Are Taking Notice of DeFi

Financial advisor and crypto advocate Tyrone Ross joins The Breakdown for a discussion on financial advisors, DeFi and the most important company in crypto. One man. Three piping hot takes. In this special interview episode of The Breakdown, financial advisor and crypto advocate Tyrone Ross shares his thoughts on: Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests…

Canadian Regulatory Group Targets Crypto Exchanges Holding Users’ Digital Assets

Canada’s top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users’ digital assets. The Canadian Securities Administrators (CSA) said in guidance published Thursday the common exchange practice of custodying users’ assets – “merely providing users with a contractural right or claim to an underlying crypto asset” – could subject them to securities legislation. “Whether a crypto asset has been immediately delivered to a Platform’s user is an important component in evaluating whether, and the extent to which, the transaction…

Telegram CEO’s 18-Hour Deposition Transcript Is Published Online

Telegram CEO Pavel Durov gave a deposition regarding the company’s alleged violation of United States securities law by conducting $1.7 billion Gram token sale in 2018. In line with a relevant court order, the deposition was held on Jan. 7 and Jan. 8 before a court reporter designated by the court reporting service engaged by plaintiff represented by the United States Securities and Exchange Commission (SEC). SEC uses the 18-hour deposition to continue grill Telegram on how it spent $1.7 billion According to the official transcript document, the deposition was…

Davos Needs to Wake Up to the Ills of Centralization

This is part of a series of op-eds previewing the World Economic Forum in Davos, Switzerland. CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Follow along by subscribing to our pop-up newsletter, CoinDesk Confidential: Davos. Michael J. Casey is the chief content officer of CoinDesk. The opinions here are his own. As the world’s most influential and self-entitled gather in Davos, Switzerland, for next week’s World Economic Forum, a predictable set of problems are on…