
- U.S. CFTC Chief Behnam Reinforces View of Ether as Commodityby Jesse Hamilton on March 28, 2023 at 7:25 pm
With the ink still drying on its Binance action, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated Tuesday that he believes ether is a commodity – a potentially controversial assertion that seems to counter what his counterpart at the Securities and Exchange Commission (SEC) has contended.
- Former CFTC Chairman: Regulator's Lawsuit Against Binance 'Is a Big Deal'by Fran Velasquez on March 28, 2023 at 6:47 pm
“This is a big deal,” Timothy Massad told CoinDesk TV’s “First Mover” regarding the agency’s action against the largest crypto exchange in the world.
- Why Bitcoin Is Your Best Bet Against Inflationby Tatiana Koffman on March 28, 2023 at 5:38 pm
- How Bad Is the Binance Suit?by Daniel Kuhn on March 28, 2023 at 5:13 pm
- UK Crypto Promotions Laws Hoped to Be in Place by Late 2023by Camomile Shumba on March 28, 2023 at 5:01 pm
The Financial Services and Markets Act amendment, which would enable the new rules, will soon be discussed in Parliament.
- Fear and Greed Index Pulls Back After Hitting 'Greediest' Level Since Late 2021by Lyllah Ledesma on March 28, 2023 at 4:28 pm
The index, which measures the current sentiment in the crypto market, reached its highest point since 2021 last week hitting a rating of 68.
- Staking Protocol EigenLayer Raises $50M Amid Crypto Winterby Brandy Betz on March 28, 2023 at 4:00 pm
Blockchain Capital led the round for the solution that allows Ethereum stakers to reuse those tokens.
- Kraken Lands Sponsorship Deal With Williams Racing Despite U.S. Regulatory Crackdownby Helene Braun on March 28, 2023 at 3:00 pm
Formula 1 team Williams Racing signed U.S. crypto exchange Kraken as a sponsor after losing one of its most prominent drivers, Nicholas Latifi, who reportedly earned the team a large amount of sponsorship fees.
- Paradigm Leads $7M Round for Optimism-Based Startup Conduitby Brandy Betz on March 28, 2023 at 3:00 pm
The newly announced startup will help developers launch Optimism-based applications.
- North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Showsby Eliza Gkritsi on March 28, 2023 at 3:00 pm
The APT43 group steals crypto to fund operations and launders it through cloud mining services.
- Crypto Banking Rules Could Be Modified if Market Reacts, Basel Committee Chair Saysby Jack Schickler on March 28, 2023 at 2:57 pm
Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky
- Binance Case Is Clear Evasion of Law, Says CFTC Chair Behnamby Camomile Shumba on March 28, 2023 at 2:46 pm
The CFTC on Monday filed suit against the crypto exchange and its CEO Changpeng Zhao.
- Crypto Exchange Mango Markets Considers Raising Interest Rates for Popular Tokensby Danny Nelson on March 28, 2023 at 2:14 pm
Only the pool for borrowing and lending SOL tokens would be impacted by the proposed changes.
- ConsenSys Launches zkEVM Public Testnet, Renames It ‘Linea’by Margaux Nijkerk on March 28, 2023 at 2:10 pm
The release comes in the days after competitors, Polygon and Matter Labs, came out with their own zkEVMs.
- Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery Chargeby Nikhilesh De on March 28, 2023 at 1:36 pm
A superseeding indictment was unveiled on Wednesday.
- AllianceBlock Strikes Deal With Crunchbase to Bring Traditional Business Data to DeFiby Oliver Knight on March 28, 2023 at 1:00 pm
AllianceBlock, a blockchain-agnostic platform, has signed a deal with business data provider Crunchbase to import traditional finance data into the DeFi ecosystem.
- Zero Hash Taps Former Stripe, Coinbase Exec as President and COOby Helene Braun on March 28, 2023 at 1:00 pm
Cyril Mathew previously led business development teams at Stripe and Coinbase.
- Binance's BUSD Stablecoin Suffers $500M Outflows After CFTC Lawsuitby Shaurya Malwa on March 28, 2023 at 12:27 pm
Some analysts say Binance’s recent decision to include other stablecoins in its zero-fee trading program could have contributed to lesser dependence on BUSD.
- First Mover Americas: Bitcoin Drops on CFTC’s Suit vs. Binanceby Lyllah Ledesma, Omkar Godbole on March 28, 2023 at 12:24 pm
The latest price moves in bitcoin (BTC) and crypto markets in context for March 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
- EU Lawmakers Vote in Favor of Payment Limits on Anonymous Crypto Walletsby Jack Schickler on March 28, 2023 at 11:58 am
Crypto rules form part of a money-laundering overhaul supported by the European Parliament Committees
- CFTC-Binance Lawsuit Could Worsen Crypto Market Liquidity, Pull Bitcoin Down to $25K: Observersby Omkar Godbole on March 28, 2023 at 10:48 am
Low liquidity means wave of buy or sell orders can have an outsized impact on bitcoin's market price.
- Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoinby Frederick Munawa on March 28, 2023 at 10:00 am
The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries – the software company behind StarkNet, a layer 2 Ethereum zero-knowledge rollup scaling solution.
- EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Saysby Jack Schickler on March 28, 2023 at 8:53 am
The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets.
- Sam Bankman-Fried's Lawyers, Prosecutors Agree on Proposed Bail Conditionsby Jamie Crawley on March 28, 2023 at 8:31 am
The FTX founder will be given a new phone without internet access and a laptop with limited functionality.
- EOS Ethereum Virtual Machine Testnet Goes Live Ahead of April Mainnet Deploymentby Shaurya Malwa on March 28, 2023 at 8:08 am
The network is the final testnet before a mainnet deployment in April as part of a broader revival plan for EOS.
- CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernsteinby Will Canny on March 28, 2023 at 7:43 am
The crypto exchange will look to safeguard its dominant international business, which is its cash cow, the report said.
- Hacker Behind $200M Euler Attack Apologizes, Returns Millions in Ether, Dai to Protocolby Shaurya Malwa on March 28, 2023 at 7:42 am
The attacker sent over 7,000 ether to Euler Tuesday and seemingly apologized for their actions in a transaction message.
- XRP Surges to Five-Month High as Some Point to Bitcoin Commodities Mentionby Shaurya Malwa on March 28, 2023 at 6:58 am
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.
- Disney Lays Off Metaverse Team: Reportby Sam Reynolds on March 28, 2023 at 5:32 am
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 Hardby Sam Reynolds on March 28, 2023 at 2:09 am
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’by James Rubin on March 28, 2023 at 12:06 am
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 Appealby Nikhilesh De on March 27, 2023 at 11:51 pm
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 NFTby Cam Thompson on March 27, 2023 at 10:02 pm
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.
- Macro Is Back to Moving the Digital Asset Marketsby Jeff Dorman on March 27, 2023 at 9:01 pm
- Bankrupt Crypto Lender BlockFi to Refund More Than $100K to California Clientsby Elizabeth Napolitano on March 27, 2023 at 8:40 pm
The company will distribute more than $100,000 in loan repayment refunds through its servicer to former clients, pending bankruptcy court approval.