Wrapped assets introduced a wave of DeFi innovation that cross-chain protocols are looking to take forward.
DCG Calls Out Genesis’ Settlement With New York as ‘Subversive’
Digital Currency Group (DCG) is objecting to the settlement between the New York attorney general and Genesis – the failed crypto lender that was among DCG’s array of digital assets businesses.
US court approves settlement against Binance, paying $2.7B to CFTC
Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action.
SEC still looking for potential FTX-style fraud at Binance.US: Report
Binance.US attorney Matthew Laroche has asked a federal judge to consider putting an end to the SEC’s investigation for potential fraud.
Is Binance’s $4B settlement the green light for spot Bitcoin ETFs?
One crypto executive predicted five months ago that spot Bitcoin ETFs would only be approved after Binance lost ground on its market dominance.
BNB pops after report that DOJ wants $4B settlement with Binance
BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange.
Opyn DeFi protocol founders are leaving crypto after CFTC crackdown
Two of the founders of crypto options platform Opyn are stepping down from leadership roles to pursue other aims, but Opyn will continue under new leadership.
NFL Quarterback Trevor Lawrence and Two YouTube Influencers Settle FTX Case
Three celebrity promoters of the failed FTX cryptocurrency exchange have opted to settle a case which alleged they helped dupe investors.
Visa taps into Solana to widen USDC payment capability
The global payments firm has expanded its stablecoin settlement capability to include USDC tokens issued on the Solana blockchain.
Bittrex Reaches Settlement With SEC; Agrees to Pay $24M Fine
The bankrupt exchange faced charges of offering U.S. investors access to unregistered securities.
FTX, Genesis reach in-principle agreement to settle bankruptcy case
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement.
Chainlink launches cross-chain protocol bridging blockchain to TradFi
Several top banks around the world are already collaborating with Chainlink to explore applications for the Cross-Chain Interoperability Protocol.
Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities
In January, lawyer John Deaton persuaded the Judge in the SEC vs. LBRY case that secondary LBC token sales don’t constitute a securities offering.
The Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum
The transition is aimed at reducing barriers of entry for The Graph’s users by decreasing gas costs and speeding up transactions.
JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg
The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week.
Australia marks first FX transaction using a CBDC as eAUD pilot continues
The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.
UK may have crypto regulation within a year, says senior minister
The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized.
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.
Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M
ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.
Crypto Is the Solution to Bank Runs, Not the Cause
Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds.