Elizabeth Warren Calls for US to Create a CBDC

Posted: 31 Mar 2022 06:09 PM PDT

"I think it's time for us to move in that direction," the Democratic senator told NBC's Chuck Todd in an interview to be aired Thursday night.

First Mover Asia: Tailwinds for South Korea's Crypto Industry; Bitcoin, Ether Plunge

Posted: 31 Mar 2022 04:03 PM PDT

The report earlier this week of SK Group's $1.6 billion investment over the next three years on semiconductors and blockchain follows a presidential campaign that made crypto-friendly policies an important issue; major altcoins also decline.

Newly Introduced Bill Aims to Bring Transparency to the Stablecoin Marketplace

Posted: 31 Mar 2022 03:11 PM PDT

The days of murky stablecoin reserves might soon be over.

OpenSea Exec Who Quit After ‘Insider Trading’ Scandal Is Back With NFT Platform

Posted: 31 Mar 2022 03:09 PM PDT

Two pitch decks seen by CoinDesk show that OpenSea's former head of product, Nate Chastain, is building a platform to simplify the NFT discovery process.

Bitcoin Miner Greenidge Q4 Revenue Matches Estimate; Reiterates Hashrate Guidance

Posted: 31 Mar 2022 02:47 PM PDT

The company also said permission for its operations to continue at its New York facility has been delayed again.

What Netflix’s QuadrigaCX Documentary Gets Right – and Wrong – About One of Crypto’s Worst Scandals

Posted: 31 Mar 2022 02:01 PM PDT

Is "Trust No One: The Hunt for the Crypto King" worth watching? Two CoinDesk staffers watched the film and came away with different conclusions.

Blockchain Security Firm CertiK Just Raised $88M, SEC Docs Show

Posted: 31 Mar 2022 01:45 PM PDT

The equity sale opened on March 23 and 15 investors have chipped in funding.

Wall Street Watchdog Cautions Banks on Trading Crypto Derivatives

Posted: 31 Mar 2022 01:41 PM PDT

Goldman Sachs completed a novel crypto OTC trade last week, something Acting Comptroller of the Currency Michael Hsu warned may lead to further tail risks.

Market Wrap: Cryptos Slide Amid Higher Volatility; Returns Typically Strong in April

Posted: 31 Mar 2022 01:22 PM PDT

Bitcoin (BTC) and other cryptos declined on Thursday as bullish sentiment began to fade. In March, altcoins outperformed bitcoin, which typically occurs in a rising market. Seasonal data points to higher returns in April and May for both cryptos and stocks.

I’m Not Anti-Crypto, Says Architect of Controversial EU Money Laundering Proposal

Posted: 31 Mar 2022 01:10 PM PDT

In an exclusive interview, Belgium's Assita Kanko tells CoinDesk she just wants to stop anonymous payments being used for crime – but her claims seem unlikely to impress an industry that complains of privacy violations and stifling innovation.

Buenos Aires to Create Digital Identity Platform

Posted: 31 Mar 2022 01:03 PM PDT

The framework is expected to be operational no later than the first quarter of 2023, according to a city official.

Bitcoin Slides for Second Day as Analyst Warns of Dip Below $45K

Posted: 31 Mar 2022 12:37 PM PDT

Bitcoin Dips From $48K Resistance; Support at $43K

Posted: 31 Mar 2022 11:48 AM PDT

Bitcoin (BTC) is declining from overbought levels, although buyers could remain active around $43K support. Sellers could remain active into the Asia trading day until oversold signals appear on intraday charts.

Vitalik Buterin on Ethereum's 'Roads Not Taken'

Posted: 31 Mar 2022 11:30 AM PDT

CFTC Chief Says FTX Plan Could Make Crypto Markets 'More Efficient'

Posted: 31 Mar 2022 10:41 AM PDT

CFTC Chair Rostin Behnam told House lawmakers Thursday his agency was giving a FTX.US proposal on directly clearing customers' derivatives trades serious consideration. He suggested the FTX idea could improve market efficiency, though he said he didn't yet support the proposal. Behnam repeatedly said the CFTC must support "responsible innovation."

Bitcoin's March Gains Help Erase Memories (and Losses) From Awful 2022 Start

Posted: 31 Mar 2022 10:34 AM PDT

Cardano and Solana were up 27%, outperforming bitcoin's monthly gains.

US Firms Providing Custody Services Should Account for Crypto Assets as Liability, Disclose Risk, SEC Says

Posted: 31 Mar 2022 09:45 AM PDT

Galaxy Digital Tweaks BitGo Purchase Terms as It Awaits SEC Action

Posted: 31 Mar 2022 09:34 AM PDT

The acquisition was announced last May with an expectation of closing by the end of 2021.

Crypto Should Disrupt Current Anti-Money Laundering Practices, Not Adopt Them

Posted: 31 Mar 2022 09:30 AM PDT

Modern know-your-customer, anti-money laundering regulations are ineffective; crypto represents a better option to address this problem.

Ola Finance Exploited for $3.6M in Re-Entrancy Attack

Posted: 31 Mar 2022 08:56 AM PDT

The attack took place on the DeFi protocol's implementation on the Fuse blockchain.

The UK Wants to Regulate Crypto: Here's What That Could Look Like

Posted: 31 Mar 2022 08:02 AM PDT

The United Kingdom is set to create a broad regulatory framework detailing how cryptocurrency businesses can set up shop and operate in the country.

DeFi Portal 1inch Launches Wallet App on Android

Posted: 31 Mar 2022 08:00 AM PDT

The move comes nearly one year after the app became available on Apple's iPhone.

Binance Is Sponsoring the Grammys This Year

Posted: 31 Mar 2022 07:27 AM PDT

The crypto exchange said Web 3 initiatives with the Recording Academy are also in the works.

Russia Sanctions Could Spur Use of Crypto: IMF's Gopinath

Posted: 31 Mar 2022 07:23 AM PDT

Gita Gopinath advocated for a coordinated approach to fill the gap in international regulation.

A16z Leads $4.8M Round for P2E Gaming Startup Battlebound

Posted: 31 Mar 2022 07:00 AM PDT

Battlebound will use the capital for phased launches of its two newest game titles.

BitMEX CEO, CFO's Bid for German Bank Fails: Report

Posted: 31 Mar 2022 06:43 AM PDT

The deal, which was expected to complete later this year, was called off by a mutual agreement, according to report.

Biden Executive Order, Ukraine War Present US Lawmakers an Unprecedented Crypto Learning Opportunity

Posted: 31 Mar 2022 06:30 AM PDT

Ukraine's use of crypto to secure valuable donations and the Biden Administration's Crypto Executive Order will allow the industry to show how digital assets can be a force for good.

First Mover Americas: Ether-Bitcoin Ratio on Track for Monthly Gain

Posted: 31 Mar 2022 06:23 AM PDT

The latest moves in crypto markets in context for March 30, 2022.

EU Parliament Passes Privacy-Busting Crypto Rules Despite Industry Criticism

Posted: 31 Mar 2022 06:18 AM PDT

The move by lawmakers Thursday is set to end even the smallest anonymous crypto transactions, and could see unregulated exchanges cut off from the financial system.

Fed’s Preferred Inflation Gauge Up 6.4% in February to Four-Decade High

Posted: 31 Mar 2022 06:12 AM PDT

Bitcoin traders were monitoring the PCE Price index for signs of whether price increases are accelerating.

BNY Mellon to Custody Assets Backing Circle's USDC Stablecoin

Posted: 31 Mar 2022 06:01 AM PDT

The relationship likely carries publicity upside for both financial brands.

CleanSpark Aims to Be Among Top Bitcoin Miners With Up to 500MW Expansion

Posted: 31 Mar 2022 06:00 AM PDT

The deal with Houston-based Lancium will give CleanSpark a mining hashrate of 16 EH/s by spring 2023.

The Growing Digital Asset Lifeline in Ukraine

Posted: 31 Mar 2022 05:50 AM PDT

Crypto donations have been a major source of support for Ukraine's defense and humanitarian efforts. Meanwhile, Russian citizens may also embrace crypto more as their economy and currency craters due to international sanctions.

Solana’s SOL Highest Gainer Among Major Cryptos as Bitcoin Holds $47K

Posted: 31 Mar 2022 05:37 AM PDT

Investors are now looking to allocate to altcoins and other major cryptocurrencies as appetite for risk is back, one analyst said.

Zilliqa's ZIL Quadruples on Optimism Around Start of Metaverse Service Metapolis

Posted: 31 Mar 2022 04:28 AM PDT

Metapolis, a metaverse-as-a-service offering powered by Zilliqa's blockchain, is scheduled to launch on April 2.

Crypto Industry Mobilizes Against Proposed EU Transparency Rules

Posted: 31 Mar 2022 04:03 AM PDT

Crypto Popularity Could Pose Stability Risk, EU Watchdog Warns, as It Ponders New Powers

Posted: 31 Mar 2022 02:11 AM PDT

Fintech firms could soon face the kind of caps on lending that banks face when markets like housing overheat, the European Systemic Risk Board said.

Crypto Firms Weigh Options as UK Registration Deadline Looms

Posted: 31 Mar 2022 12:00 AM PDT

Crypto companies wanting to operate in the U.K. have until Thursday to receive Financial Conduct Authority (FCA) approval. So far, just 33 have passed the regulator's checks.

Shiba Inu's Metaverse Will Feature More Than 100K Land Plots

Posted: 30 Mar 2022 08:41 PM PDT

Developers have decided to use Ethereum's native cryptocurrency ether as a land pricing token.

Crypto Exchange Hits $14B Valuation in Lightspeed-Led Funding Round

Posted: 30 Mar 2022 07:21 PM PDT

The raise more than doubles the previous value of the company.

First Mover Asia: India Continues Its Restrictive Approach to Crypto; Bitcoin, Ether Run in Place

Posted: 30 Mar 2022 03:29 PM PDT

The Indian tax authority's revision in the amounts that it seized in taxes and penalties from crypto exchanges and the number of platforms it targeted reflects the government's harsh stance toward digital assets; Solana has a banner day.

Phoenix Suburb Now Takes Bitcoin for Utility Bills

Posted: 30 Mar 2022 02:31 PM PDT

Chandler, Arizona will take PayPal-held bitcoin, ether and litecoin for water bill payments.

Bitcoiner Bruce Fenton Confirms He’s Running for New Hampshire Senate Seat

Posted: 30 Mar 2022 01:39 PM PDT

The long-time crypto proponent hopes to take on vulnerable incumbent Sen. Maggie Hassan (D-N.H.) and is initially funding his campaign with $5 million of personal bitcoin wealth.

Can Avalanche Win Over Wall Street and 'Degens' Alike?

Posted: 30 Mar 2022 01:36 PM PDT

At the inaugural Avalanche Summit in Barcelona, Spain, the speedy Ethereum alternative looked to court users onto its subnets.

Bitcoin Flirts With 9-Day Winning Streak, Nears $48K

Posted: 30 Mar 2022 01:30 PM PDT

Market Wrap: Crypto Sentiment Improves, Though Risk Remains as Russia Plays Down Peace Talks

Posted: 30 Mar 2022 01:22 PM PDT

Bitcoin (BTC) traded in a tight range on Wednesday as geopolitical risks weighed on markets. Altcoins, however, continue to outperform BTC, which means traders are still comfortable with risk.

How a Post-Merge Ethereum Could Attract Institutional Investment

Posted: 30 Mar 2022 12:40 PM PDT

Ethereum's staking derivatives offer many of the qualities institutions look for in investments.

Galaxy’s Novogratz and Bakkt’s Michael Differ on Bitcoin’s Case as Digital Gold

Posted: 30 Mar 2022 11:55 AM PDT

Bakkt CEO Gavin Michael and Galaxy Digital chief Mike Novogratz each spoke on Wednesday at the Barclays Crypto and Blockchain Summit.

If Money Is Speech, CBDCs Should Be Tools for Freedom

Posted: 30 Mar 2022 11:32 AM PDT

EU's MiCA Bill to Enter Next Phase of Negotiations on Thursday

Posted: 30 Mar 2022 11:14 AM PDT

The landmark Markets in Crypto Assets legislative framework will now be discussed between the European Parliament, Council and Commission.

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