Crypto’s Unfulfilled Dreams Get a Tailwind From U.S. Crackdown on Binance, Coinbase
The crypto revolution was supposed to make finance more decentralized, but much of the industry is centralized. Regulatory pressure could change that.Source
Archive for month: March, 2023
Ethereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process
Users will receive a transferable non-fungible token representing their request withdrawal for their staked ether.Source
Zebedee Debuts Global Payment Service Powered by Bitcoin’s Lightning Network
The service is currently available in the U.S., UK, EU, Brazil and the Philippines, but Zebedee plans on expanding the service to accommodate “all countries and currencies across the world.”Source
Bitcoin Seesaws Around $27K as Investors Digest Binance-CFTC Lawsuit
The largest cryptocurrency by market capitalization has changed hands within a narrow range over the past 24 hours following the CFTC’s filing against Binance and its CEO, Changpeng Zhao.Source
Chicago-Based Radix Trading Is One of Three Quant Firms in Binance Suit: WSJ
The CFTC’s lawsuit against Binance and CEO Changpeng Zhao noted at least three U.S.-based quantitative firms that were active on the exchange.Source
U.S. CFTC Chief Behnam Reinforces View of Ether as Commodity
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.Source
Former CFTC Chairman: Regulator’s Lawsuit Against Binance ‘Is a Big Deal’
“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.Source
UK Crypto Promotions Laws Hoped to Be in Place by Late 2023
The Financial Services and Markets Act amendment, which would enable the new rules, will soon be discussed in Parliament.Source