Analysis


Tech

‘Sequencers’ Are Blockchain’s Air Traffic Control. Here’s Why They’re Misunderstood

Leading rollup operators are criticized for using "centralized sequencers" to package transactions and pass them down to Ethereum, but the real risks may lie elsewhere.

Air traffic controller (Beckett P/Unsplash, modified by CoinDesk)

Tech

Ethereum Handled Friend.tech Frenzy Without 'Gas Fee' Spike. Why That’s a Big Deal

Friend.tech, Crypto's latest fad, didn't drive up congestion and fees on Ethereum the way frenzies have in the past – possibly a sign that the blockchain's efforts to scale by fostering supplemental "layer-2" networks, like Coinbase's new Base, are bearing fruit.

Even as ETFs capture attention, Jan van Eck is focused on gas fees. (Creative Commons, modified by CoinDesk.)

Markets

It's a Bullish Double Whammy for Bitcoin, but Caution Still Warranted

Grayscale's legal victory over the SEC and disappointing U.S. labor market data support upside in bitcoin. But the bullish scenario is not without risks.

BTCUSD chart (TradingView)

Policy

A Crypto President? Top U.S. 2024 Contenders Aren’t Fans, and Rivals Are Way Behind

A look at the crypto positions of the major presidential candidates shows some of them are huge digital assets supporters but have significant distance to make up in early polling.

Republican presidential hopefuls chose not to mention crypto in the first debate of the GOP primary season in Milwaukee, Wisconsin. (Win McNamee/Getty Images)

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Policy

U.K.’s Travel Rule Troubles Showcase Global Challenge for Crypto

U.K. crypto firms have just days to comply with new anti-money laundering requirements – but they are seeking more guidance given patchy implementation of the controversial FATF rule between jurisdictions.

Cracked globe (Mike Kemp / Getty Images)

Tech

Curve Crisis Shows Pitfalls of Decentralized Risk Management

Top DeFi lenders allowed a crypto CEO to take a risky bet, raising key questions about how they manage risk.

Stani Kulechov, Lens founder, at Consensus 2019 (CoinDesk archive)

Policy

Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.

The firm’s new futures commission merchant status at the CFTC may undermine the other U.S. markets regulator – the SEC – and bolster the case for ether as a commodity.

Coinbase Inc. quietly cleared a major hurdle for getting regulated in the U.S., though it's not with the Securities and Exchange Commission. (CoinDesk)

Tech

As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks

Curve, a leading decentralized exchange on Ethereum, was hacked for more than $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk.

It was almost a dead man's Curve. (Unsplash)

Consensus Magazine

Lessons of a $37M Attack: How a Ukrainian Payment Processor Was Hacked

CoinsPaid, a crypto payment processing company with Ukrainian roots, fell a victim to a social engineering attack, thought to have emanated from Lazarus, a North Korean hacking group.

North Korea's flag painted on a wall (Shutterstock)