XRP Surges to Five-Month High as Some Point to Bitcoin Commodities Mention
The U.S. Security and Exchange Commission (SEC) accuses XRP of being an unregistered security in a court case that’s expected to be completed soon.
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Disney Lays Off Metaverse Team: WSJ
Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction.
First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard
Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around?
Binance CEO Zhao Calls CFTC Suit an ‘Incomplete Recitation of Facts’
In a blog post, Changpeng Zhao wrote that the company did not agree with “the characterization of many of the issues, and touted the exchange’s compliance technology. He also wrote that he had only two Binance accounts.
Judge Puts Voyager Sale to Binance.US on Hold Pending Government Appeal
A federal judge paused Voyager's efforts to sell its assets to Binance.US in response to the U.S. government's filing for an emergency stay.
UK Treasury Cancels Plans for Government-Backed NFT
Initially proposed in April 2022, the Royal Mint's plans for an NFT are not moving forward “at this time” but the proposal will remain under review.
Bankrupt Crypto Lender BlockFi to Refund More Than $100K to California Clients
The company will distribute more than $100,000 in loan repayment refunds through its servicer to former clients, pending bankruptcy court approval.
Bitcoin Sinks Below $27K After CFTC Files Suit Against Binance
BTC dropped to the lowest level since March 17 after the agency sued the crypto exchange for alleged regulatory violations. Binance Coin (BNB)’s price declined by 5%.
Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’
If the U.S. were to design a digital dollar that protects the privacy of its users and is free of surveillance tools, it could reach mass adoption, the Digital Dollar Project co-founder said.
Twitter Briefly Suspends Official Arbitrum Account
Twitter’s reasoning remained unclear at press time.
Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows
Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.
U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks
The Federal Deposit Insurance Corp. is investigating the actions of the leaders of Signature Bank and Silicon Valley Bank to hold them accountable for their collapses, said Chairman Martin Gruenberg, who detailed their mismanagement and dangerous…
US Crypto Firms Eye Overseas Move Amid Regulatory Uncertainty
Citing an ongoing regulatory crackdown, crypto companies are considering shifting to more favorable jurisdictions. Jeff Wilser reports.
The ‘Skull of Satoshi’ Proves Bitcoin Mining Discourse Isn’t Dead
An artist made great art and learned about Bitcoin.
Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward With ‘Endgame’ Plan
The approved proposal aims to set a new foundation for the largest decentralized lending protocol’s major restructuring called “Endgame.”
Binance's Bitcoin Trading Volume Hits Lowest Level in 8 Months Following Termination of Zero-Fee Trading
Zero-fee trade volume accounted for 66% of Binance’s trading volume in mid March prior to the decision to eliminate the zero-fee promotion.
Illia Polosukhin: Building Near's Blockchain, Embedding AI
NEAR's cofounder, a speaker at CoinDesk’s Consensus festival, is taking on Ethereum and he already boasts 25 million accounts and 446,000 daily transactions.
Crypto-Related Stocks Drop Alongside Bitcoin on CFTC Binance Suit
Shares of rival crypto exchange Coinbase fell by the most since Wednesday.
CFTC Sues Binance, CEO Zhao Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products
The U.S. Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and founder Changpeng “CZ” Zhao Monday on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. The…
Gucci and Yuga Labs Are Bringing High Fashion to the Otherside
The luxury fashion brand said on Twitter Monday that it’s teaming up with Yuga Labs, “blurring the boundaries between the physical and digital.”
EU Lawmakers to Vote on Limited Ban on Self-Hosted Crypto Payments
Anti-money laundering plans have slightly liberalized but are set to bring NFT platforms into the regulatory fold
Polygon zkEVM Mainnet Beta Goes Live; Ethereum’s Buterin Sends First Transaction
The release of Polygon’s zkEVM comes just days after competitor Matter Labs released its own zkEVM, zkSync Era.
Wassies NFT Prices Surge as Crypto Twitter Lore-Themed Hotel Opens in Singapore
A room at the Wassie-themed hotel goes for $129 a night as of Monday.
Franklin Templeton Sees Web3 Driving Next Wave of Tech Innovations
In a new report, the asset management giant outlines tech-driven megatrends that are shaping society, including decentralization.
MicroStrategy Pays Off Silvergate Loan, Buys More Bitcoin
The company in March 2022 had borrowed $205 million from Silvergate Bank.
First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank
The latest price moves in bitcoin (BTC) and crypto markets in context for March 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley
Traders on Binance now set the daily price for BTC with the crypto exchange’s share of trading volume reaching 80%, the report said.
G-7 Will Push for Tighter Global Crypto Regulations: Kyodo
Discussions on a global framework will speed up ahead of a May meeting of finance ministers and central bankers.
FTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet
A wallet controlled by the FTX bankruptcy estate has received tranches of the Arbitrum airdrop from several wallets linked to Alameda Research, on-chain data shows.