FTX Direct Clearing Plan Was Nowhere Close to Being Approved, CFTC Chief Says
Rostin Behnam had previously said the plans to streamline financial market structure were a potentially unique disruptive innovation.
Rostin Behnam had previously said the plans to streamline financial market structure were a potentially unique disruptive innovation.
Keith Grossman, president of TIME, has left the media firm to join crypto payments infrastructure firm MoonPay.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 28, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
DeFi protocols rely heavily on centralized exchanges to be able to function and it would likely take a long time until price discovery shifts from centralized to decentralized exchanges, JPMorgan said.
Crypto derivatives trading is likely to shift to regulated venues, and the Chicago Mercantile Exchange is expected to emerge as a winner, the bank said.
Japanese social media company LINE has announced that it will close Bitfront, a crypto exchange that it launched in 2020.
Cryptocurrency exchange Coinbase has made four new appointments to its European team to help further its expansion plans across the continent.
The Paris-based startup is betting on the growth of staking services after Ethereum’s Merge.
The U.K. is currently in a recession and the cost of living has increased, making some people vulnerable to fraudsters.
On-chain researcher Lookonchain warned of selling pressure in ether after a whale moved large amounts of the cryptocurrency to Binance.
Ryan Pinder, the Attorney General of The Bahamas, defended his country’s actions through the collapse of crypto exchange FTX, but did not provide much new information about the local regulator’s efforts to investigate the company.
The popular meme coin’s upswing was an exception in crypto markets as bitcoin and most other major tokens traded sideways.
This has been an overall bad year for crypto, but here are some positive things. Crypto Long & Short is CoinDesk’s weekly newsletter featuring insights, news and analysis for the professional investor.
The exchange claimed the breached personal data wasn’t likely seen “by the bad actor” and customers’ assets are “secure in cold storage and are not at risk.”
Cryptocurrency exchange Huobi has said rumours that it will merge with Poloniex are “categorically untrue.”
Several regulators, including the Alabama Securities Commission, are looking into whether Genesis may have violated securities laws, according to Barron’s.
Cryptocurrency exchange Binance delisted three Serum (SRM) trading pairs on Friday as the fallout from FTX’s collapse continues.
Wright, the self-proclaimed inventor of Bitcoin, was granted permission to serve papers on Cobra as he sought a declaration of his ownership of the copyright to the Bitcoin white paper.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 25, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The country’s Financial Crimes Investigation Board MASAK says the founder of the collapsed crypto exchange Sam Bankman-Fried is also under investigation.
The strategy involves owning bitcoin while selling weekly call options with strike prices above the market level.
Matrixport has $5 billion in trading volume every month, along with $10 billion in assets under management and custody.
Other prominent crypto players, including Aptos Labs and Jump Crypto, have also joined Binance’s initiative.
The project closed a $10 million round led by now bankrupt crypto hedge fund firm Three Arrows Capital last year.
Officials hope to fend off a rising number of questions about how crypto should be regulated and when they should be treated as securities.
Several prominent crypto companies including Aptos Labs and Jump Crypto will contribute $50 million to the planned $1 billion Industry Recovery Initiative (IRI).
Reasons for the 38% cut also include uncertainty in the venture capital market, CEO Marcelo Cavazzoli said.
Staked ETH withdrawals made the cut – but the timeline for when that will happen still isn’t any clearer.
Lawmakers had already accepted amendments to a new bill to make it easier for law enforcement to target crypto and related property linked to crime.