CZ Responds To CFTC Lawsuit And More

Binance has been facing serious regulatory trouble, especially since the CFTC brought charges of insider trading and evading KYC against the exchange’s founder Changpeng Zhao (CZ). The latter is also facing accusations of hiding his connections and dealings with China over the years. Let’s find out more. 

Bitcoin

Mike Novogratz of Galaxy Digital has commented that Bitcoin was created by Satoshi Nakamoto precisely for the kind of over-printing and debasement of currency the world is experiencing.

Author and billionaire entrepreneur Robert Kiyosaki has urged Twitter followers to buy Bitcoin, gold, silver, and top brands before they become too expensive.

Ethereum

Ethereum developers have announced that the Shapella upgrade will take place on the 12th of April, 2023. 

Matter Labs has announced the launch of the first-ever permissionless zkEVM mainnet, called zkSync Era.

DeFi

MakerDAO recently passed a new “constitution” aimed at formalizing its governance process and bolstering decentralization.

Sushi Swap Head Chef Jared Grey has expressed his disillusionment with the state of the crypto industry as regulatory crackdowns have intensified.

The Euler Finance exploiter sent over 51,000 ETH ($89.2 million) of the stolen $200 million back to the protocol. 

Altcoins 

TRON founder Justin Sun was removed as a diplomat for Grenada after the New National Party lost the election to the National Democratic Congress. 

Circle has announced that the USDC stablecoin will be launching in the Cosmos ecosystem through its partnership with the Noble network. 

Technology

Nvidia CTO Michael Kagan recently expressed his belief that cryptocurrencies do not “bring anything useful for society.”

Business

Crypto hardware company Ledger has secured €100 million ($109 million) funding in its latest funding round at a $1.4 billion valuation for the company. 

The Gemini crypto exchange is working on launching an international crypto derivatives exchange to fill the hole left in the derivatives market by the FTX ecosystem collapse. 

Paxful CEO Ray Youssef has stated that the firm will be refunding all impacted users of its Paxful Earn program.

A judge has recently passed a ruling to temporarily halt the sale of the Voyager Digital company and its assets to the crypto exchange, Binance.US. 

Regulation 

Crypto exchange Bittrex announced on Friday that it would suspend its U.S. operations by April 30 due to regulatory hurdles.

Crypto exchange Kraken has demonstrated its commitment to Canada’s financial sector by signing a pre-registration undertaking (PRU) with the Ontario Securities Commission.

SEC chief Gary Gensler has requested more financial support to keep up with the technological advances of the crypto sector.

Binance chief Changpeng Zhao and other senior executives have been accused of hiding the crypto exchange’s connections to China for years. 

Changpeng Zhao has responded to the CFTC charges, as the world’s largest exchange saw depositors withdraw large sums following the news of the charges brought against the company. 

NFT

Low-budget Argentinian carrier, Flybondi has started issuing all its flight tickets as NFTs on the Algorand blockchain. 

The UK Treasury has halted plans to launch a Royal Mint NFT, as announced by Economic Secretary of the Treasury, Andrew Griffith.

Web3

The metaverse team at Disney has been laid off as a part of its company-wide staff reduction. 

Security

DeFi project Safemoon has announced that its liquidity pool has been compromised. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.