CoinDesk

Centralized intermediaries have seeped deep into the crypto user experience, but they continue to be its main path to adoption.

A draft bill seen by CoinDesk also covers stablecoins, crypto derivatives and companies outside the bloc.

Data sourced from Dune Analytics shows an address supposedly owned by Crypto.com transferred 1.8 trillion shiba inu to Binance.

Some investors see cryptocurrencies taking 10-15 years to become fully mainstream, the report said.

Some lawmakers worry if the upcoming crypto regulations are tough enough to stem wider structural problems in the industry.

Non-fungible token (NFT) and gaming investor Animoca Brands plans to set up a fund worth as much as $2 billion to invest in metaverse businesses, the firm’s co-founder has said in an interview, Nikkei Asia reported Wednesday.

London’s High Court has ordered six cryptocurrency exchanges including Binance, Coinbase, Luno and Kraken to disclose client information to trace $10.7 million that was stolen from a UK-based exchange in 2020.

Singapore state fund Temasek’s investment in FTX has caused reputational harm, but “it is the nature of investment and risk-taking,” said Deputy Prime Minister Lawrence Wong.

Binance bought Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange regulated by the country’s Financial Services Agency (FSA), for an undisclosed amount.

On Monday, GMX earned $1.15 million in trading fees, surpassing Uniswap’s $1.06 million for the first time on record.

Terraform Labs’ co-founder is being charged with violating the Electronic Financial Transaction Act, according to media reports.

Genesis is in talks with creditors and potential investors, Bloomberg News reports.

ALSO: Sam Reynolds writes that most of Grayscale’s digital asset trusts are trading at a deep discount, and that other digital asset trusts that have significant assets are facing the same predicament.

An enterprise blockchain project from bygone bear markets will wind down after five years.

The bill still requires the approval of the executive branch before it becomes law.

The move is meant to prevent confusion about the meaning of Web5.

The Texas State Securities Board has been investigating FTX US since October.

The company will send a digital token to users via Huobi Prime, its exclusive token offering platform. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.

Crypto fintech Prime Trust’s CEO, Tom Pageler, was fired this week, CoinDesk has learned.

The former Texas Democratic candidate for governor was uncomfortable accepting such a large unsolicited donation, according to the Texas Tribune.

Chet Stojanovich, 38, went to great lengths to pose as a broker of crypto mining equipment and hosting services – but kept his customers’ money for himself.

The deal is noteworthy partly because of its connections to the crypto billionaire Justin Sun, founder of the Tron blockchain where the Caribbean island’s new token will reside.

Binance.US and Coinbase (COIN) are on a list of crypto companies questioned this week by the chairman of the U.S. Senate Finance Committee about how they protect the investors using their services in light of the widespread damage caused by the fall of FTX.

Sasha Hodder, founder of Hodder Law Firm, discusses why the SEC may get paid before retail investors and the low probability that traders will ever get their money back.

Crypto lender BlockFi became the latest industry heavyweight to file for bankruptcy, joining Celsius Network, Voyager Digital and FTX. FTX’s collapse directly contributed to BlockFi’s filing, but the lender presented an optimistic view nevertheless in its first day pleadings.

The FTX founder said he unpaused Bahamian FTX withdrawals to “appease” local customers, and also added his lawyers to the groups of people he said can “go f-ck themselves.”

Crypto lender BlockFi has about $355 million in cryptocurrencies currently frozen on crypto exchange FTX, attorney Joshua Sussberg told a bankruptcy court in New Jersey on Tuesday.

BNB Chain, one of the world’s most actively used blockchains by daily active users, will allow sales of its NFTs on OpenSea beginning in Q4 2022.

Coinbase will delist tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP) and Stellar (XLM) from its wallet service, according to an update on the company’s website.

Liquidity issues at BlockFi, Genesis, Celsius and other lending firms has tarnished this once promising growth sector. But not all crypto lenders are created equal.