Binance Australia Halts Australian Dollar Bank Transfers
Exchange blames third-party payment providers, and says that credit as well as debit cards can still be used.
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First Mover Asia: Biden’s Tough Talk, Tether’s Bitcoin Bet Not Moving Crypto
PLUS: We really need to see the Hinman emails.
Crypto Perpetuals Exchange DYdX Considering the Launch of More SubDAOs
The conversation was initiated to promote more decentralization within the dYdX ecosystem ahead of its v4 upgrade.
The Blocksize Wars Revisited: How Bitcoin’s Civil War Still Resonates Today
Amid climbing transaction fees and increased development activity, bitcoiners are warring over the future of the network. Is this a replay or a result of the so-called Blocksize Wars.
Regulators Should Not 'Front-Run' Congress on Stablecoins
The House has made it clear that passing a stablecoin bill is a top priority. Regulators – like the SEC – shouldn’t get ahead of the legislative process, say Bain Capital’s Tuongvy Le and Khurram Dara.
Filecoin Price Drops After SEC Asks Grayscale to Withdraw Application to Make Trust Reporting
The U.S. Securities and Exchange Commission (SEC) asked Grayscale to withdraw its application to launch a Filecoin Trust product, the company revealed Wednesday.
USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default
Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said.
The Risks and Rewards of High-Frequency Crypto Trading
High-frequency trading can be lucrative in newer markets like crypto, but HFT is not without its unique risks.
Ethereum Briefly Stopped Finalizing Transactions. What Happened?
The loss in finality meant that blocks could have been tampered with, and while it isn’t supposed to affect end-user experiences, it did lead to some inconveniences for some applications.
Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets
The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion.
DeFi Must Get Easier to Use to Win Over Retail Customers, Uniswap Survey Finds
Uniswap found that many respondents are put off by the complexity and cost of on-chain trading.
What Does the Debt Limit Showdown Mean for Bitcoin?
A U.S. debt default would be bad for absolutely everything.
Investors Track Pepecoin Whales to Cash In on Meme Coin Mania as Wider Market Stagnates
Crypto investors are attempting to capitalize on the latest wave of meme coin mania by tracking the movements of early pepecoin (PEPE) buyers.
Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say
The state-level campaign against a U.S. digital dollar made its first foray into established law with Governor Ron DeSantis’ signature on Florida’s effort to block the use of virtual government-backed money in business transactions.
Airstack Raises Over $7M for AI-Backed Web3 Developer Platform
The pre-seed funding extension was led by Superscrypt, and Polygon was a prior investor.
First Mover Americas: Axie Infinity Rallies After Apple App Store Debut
The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ripple Buys Crypto Custody Firm Metaco for $250M
Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.
Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.
StanChart-Backed Zodia and LMAX Digital to Provide CoinShares With Crypto Trading Infrastructure
LMAX Digital and Zodia Custody are to provide institutional-grade trading infrastructure and custody to CoinShares.
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.
Axie Infinity's Token Jumps 12% After Firm Lists Game on Apple App Store
The dollar valued locked in the open futures contracts tied to AXS has surged to highest since February, signaling an influx of new money into the market.
China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.
Axie Infinity Game Launches on Apple App Store in Key Markets
The card-based strategy game Axie Infinity: Origins will first launch across Latin America and Asia as it continues its global expansion.
Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says
100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said
Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong
Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications
Dogecoin's Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens Introduced
Transactional volumes on Dogecoin briefly surpassed Litecoin and Bitcoin earlier this week.
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency
UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling
The U.K. Treasury Committee seemingly opposed the government’s proposal to recognize crypto as regulated financial activities.