$4.2 billion in BTC options expire on March 31, and despite weeks of harsh regulatory action against the crypto sector, bulls are well positioned to profit. Source: https://cointelegraph.com/public/index.php/news/3-reasons-why-bitcoin-bulls-are-well-positioned-to-profit-from-this-week-s-4-2b-options-expiry
The United States Office of the Comptroller of the Currency (OCC) officially announced the establishment of its Office of Financial Technology on March 30. The new office will broaden the OCC’s technology focus and help it stay abreast of the rapid developments in the banking industry, it said. The Office of Financial Technology will open on April 10 under the…
Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto trading platforms in order to be laundered. Over 90% of Pro-Russian Crypto Transfers Identified in a Study…
A federal judge in Pasadena, California, earlier this week denied a series of motions attempting to excuse members of the bZx DAO from liability in a novel class action lawsuit filed against the decentralized autonomous organization. The ruling means a court has found that simply owning a token could create legal liability for holders, sending shockwaves throughout the crypto community…
The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the country. In a policy paper released on March 30, the U.K. Treasury and Home Office said it planned to “robustly” regulate crypto to fight illicit use of digital assets. The focus on regulation…
Ex-Binance US CEO Catherine Coley has hired an attorney to advise her in the Commodities Futures Trading Commission’s lawsuit against Binance, an anonymous source told Reuters. Coley is said to have hired Sullivan & Cromwell partner James McDonald, a former director of enforcement at the CFTC until 2020. Sullivan & Cromwell did not immediately respond to a request for comment…
The growing hype surrounding Ordinals has established Bitcoin as an emerging frontier for trading digital collectibles. And as the landscape develops, the Solana-based NFT marketplace Magic Eden has quickly emerged as a new leader. Ordinals—a protocol that enables content like art and text to be inscribed on individual satoshis, the smallest unit of measure that Bitcoin can be divided into—has…
Boerse Stuttgart Digital, the digital asset brand of the Boerse Stuttgart exchange group, announced March 30 that its blocknox service has received final licensing from the German Federal Financial Supervisory Authority (BaFin) to operate as a crypto custodian. Boerse Stuttgart Group now offers fully regulated brokerage, trading, and custody of digital assets, it said. Its final licensing makes Boerse Stuttgart…
Ahoy, Arbitrum! Pirate Nation is a role-playing game (RPG) with a boxy voxel-art aesthetic and dynamic NFTs, and is almost entirely on-chain. But while many games announce that they’re building on the Ethereum sidechain Polygon, studio Proof of Play is instead setting sail for new shores with Pirate Nation. Proof of Play co-founder and CEO Amitt Mahajan—a veteran of Zynga…
The Ethereum Foundation has announced April 12 as the date of deployment of the much-anticipated Shanghai and Capella upgrade, together dubbed as Shapella. The upgrades will enable withdrawals from Ethereum 2.0 staking contracts. The staking contract was first launched in December 2020. It only accepted one-way deposits of ETH, which will change after the upgrade. To date, users have deposited…
