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Fabio Panetta likened the ecosystem to gambling and a Ponzi scheme.

The Payment Systems Regulator will be looking at what happens if a crypto payment system goes wrong and the measures needed to protect consumers against fraud, Nick Davey, a Payment Specialist, told CoinDesk in an interview.

Polychain Capital and Variant co-led the round for the decentralized derivatives protocol.

Mazars performed a proof-of-reserves and proof-of-liabities audit on the centralized exchange.

OneCoin was a $4 billion ponzi scheme.

The exchange will also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens.

The initiative seeks to promote the development of public policies and technological solutions based on blockchain.

The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 7, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Exchange owners cautioned against downloads of malicious as attackers zeroed in on gullible users with a very relevant and specific narrative.

ChatGPT, CoinDesk’s new, robot-guest contributor, explains how AI might help (and harm) the future of DeFi.

The crypto storage provider has rolled out a new service designed to protect clients’ digital assets from insolvency of crypto exchanges.

The New York Bankruptcy Court wants to gain information about the collapsed crypto hedge fund’s founders and investment managers

The plan will see Mercurial launch its popular products as a separate project under the name Meteora.

The company launched staking on its platform on Tuesday.

Cryptocurrency exchange Binance generates 90% of its revenue from transaction fees, CEO Changpeng “CZ” Zhao said.

With a favorable environment for alternative cryptocurrencies far away, a rise in open interest in AXS futures implies traders shorting the rally, one trader said.

The under $1 billion valuation is a far cry from the $3.2 billion valuation it had received in 2021.

Developers proposed to divert 100% of fees generated on the platform to SushiSwap’s multisig for one year or until new tokenomics are implemented.

The State Department will have to report on payments it makes in crypto and their effects, according to a draft of the NDAA.

CONCORD, New Hampshire — Federal prosecutors say early bitcoin pioneer and Libertarian activist Ian Freeman and a group of his associates helped scammers and other criminals launder more than $10 million using bitcoin through a network of bitcoin vending machines and in-person and virtual cash-for-bitcoin trades from 2016 until their arrests in 2021.

ALSO: Sam Reynolds writes that Asia is ready for a scaled up, crypto-friendly bank, particularly if the U.S. oversteps in regulating the industry following the recent FTX debacle.

Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s loan defaults.

CoinDesk published its annual Most Influential series on Monday, highlighting a number of regulators, lawmakers and similarly impactful individuals. I spoke to Carole House, one of the authors of the White House executive order on crypto, to take a look at the document, its origins and where we are now.

Nearly a quarter of the Wall Street bank’s current deposits come from crypto-related businesses.

The hedge fund wants more details about the Grayscale Bitcoin Trust, which has fallen by nearly 75% this year. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.

The miner paid $50 million initially, $8 million of which was written off and only about half of the rest are expected to be recovered.

The voluntary program to lower power consumption during high demand period, might go live around Jan. 1, 2023.

The former head of the now-bankrupt crypto exchange, Bankman-Fried has yet to be charged with any crimes.

Rep. Madison Cawthorn (R-N.C.) is already exiting the U.S. Capitol after losing his seat in this year’s elections, but an ethics investigation unveiled Tuesday will secure something of a legacy for the young congressman: How not to promote cryptocurrency while in Congress.