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.Source
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Entries by GRYZUoDLu7t8z22
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.Source
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%.Source
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.Source
Twitter Briefly Suspends Official Arbitrum Account
Twitter’s reasoning remained unclear at press time.Source
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Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past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.Source
First Citizens to Buy Silicon Valley Bank: Bloomberg
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.Source
ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day
Cathy Wood’s fund bought COIN and SQ on Thursday and Friday last week after Coinbase tumbled on getting hit with a Wells Notice and Block took a hit following a short-seller’s report.Source
First Mover Asia: Bitcoin Is Ready for a Consolidation Phase
ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders current caution, but at least one analyst is optimistic that the situation will change.Source