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CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernstein

[Mar 28, 2023 1:43 AM] The crypto exchange will look to safeguard its dominant international business, which is its cash cow, the report said.

Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks

[Mar 28, 2023 1:30 AM] Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other…

Disney Lays Off Metaverse Team: WSJ

[Mar 27, 2023 11:32 PM] Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction.

Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’

[Mar 27, 2023 1:28 PM] 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

[Mar 27, 2023 1:12 PM] Twitter’s reasoning remained unclear at press time.

Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows

[Mar 27, 2023 12:50 PM] Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past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.

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

[Mar 27, 2023 12:30 PM] After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino…

Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward With ‘Endgame’ Plan

[Mar 27, 2023 11:34 AM] The approved proposal aims to set a new foundation for the largest decentralized lending protocol’s major restructuring called “Endgame.”

CFTC Sues Binance, CEO Zhao Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products

[Mar 27, 2023 9:05 AM] 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…

Wassies NFT Prices Surge as Crypto Twitter Lore-Themed Hotel Opens in Singapore

[Mar 27, 2023 7:07 AM] 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

[Mar 27, 2023 7:00 AM] 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

[Mar 27, 2023 6:25 AM] The company in March 2022 had borrowed $205 million from Silvergate Bank.

FTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet

[Mar 27, 2023 4:55 AM] 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.

First Citizens Buys Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits

[Mar 27, 2023 12:20 AM] The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which is potentially worth up to $500 million.

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

[Mar 26, 2023 10:30 PM] Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of…

First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg

[Mar 26, 2023 8:52 PM] Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT.

Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate

[Mar 25, 2023 9:30 AM] On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting…

NFTX DAO Eyes Treasury Rebalancing After USDC Wobbles

[Mar 24, 2023 3:34 PM] The decentralized autonomous organization’s token holders are voting to diversify $2 million of its treasury’s assets amid a turbulent crypto market.

Shares of Deutsche Bank, Other Euro Lenders Tumble

[Mar 24, 2023 3:30 PM] Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and…

Eversheds Sutherland Files for Property Rights Over FTX.com Customer Assets

[Mar 24, 2023 12:24 PM] Lawyers asked the court for an early stage summary judgment, to ring-fence FTX assets frozen in the accounts of non-U.S. customers.

Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs

[Mar 24, 2023 11:39 AM] BlockFi filed for bankruptcy in the wake of FTX's collapse.

A Three Arrows Capital Founder Talks About His New Crypto Bankruptcy Exchange

[Mar 24, 2023 9:53 AM] Less than a year after Three Arrows Capital imploded along with $2.5 billion of its clients' money, the hedge fund's founders Su Zhu and Kyle Davies are back on the scene with what appears, to their credit, to be an impressive bankruptcy exchange…

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

[Mar 24, 2023 8:00 AM] The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely…

Nasdaq Aiming to Debut Crypto Custody Service by Q2 End: Bloomberg

[Mar 24, 2023 6:53 AM] Nasdaq announced its intentions last September as it looked to respond to the demand from institutional crypto investors.

Binance Suffers Two-Hour Spot Market Outage Due to Software Bug

[Mar 24, 2023 5:45 AM] Bitcoin slightly dipped as Binance spot trading was suspended.

Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein

[Mar 24, 2023 5:14 AM] The next main catalyst for the sector is the reward halving in early 2024, the report said.

California Leads the Way as U.S. Federal, State Agencies Consider Blockchain’s Applications: Bank of America

[Mar 24, 2023 4:21 AM] The tokenization of vehicle titles could enable fractionalized vehicle ownership, the report said.

Zipmex Acquisition Stumbles as Buyer Misses Payment: Bloomberg

[Mar 24, 2023 4:10 AM] The payment was due on March 23 and was required to fund working capital.

U.S. Banking Crisis Could Present an Opportunity for Some Crypto Exchanges: JPMorgan

[Mar 24, 2023 3:27 AM] Stablecoin trading volumes have increased following the run of bank collapses in the U.S., the report said.

DeFi Protocol ROOK ‘Gagged’ From Sharing Roadmap by Clients, CEO Says

[Mar 23, 2023 4:22 PM] “We’re bound by the will of the order flow providers,” the pseudonymous CEO Hazard said on a community governance call.