Disney disbands its metaverse team amid large layoff
Disney had picked Polygon for the metaverse project. Disney was targeting NFTs for its next-generation storytelling and consumer experiences. The company is currently in the...
7 details in the CFTC lawsuit against Binance you may have missed
The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today. In addition to allegations of...
Voyager’s $1B sale to Binance.US put on hold by US court
Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge after a request by the United States government for an...
Dan Dolev’s view on Coinbase stock after CFTC sued Binance
CFTC sued Binance for violating federal laws to attract U.S. clients. Mizuho’s Dan Dolev reiterates his $30 price target on Coinbase stock. He prefers Bitcoin...
Biden’s policy on crypto taxation undermines his environmental goals
Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to...
Breaking: Binance CEO CZ rejects allegations of market manipulation
Binance CEO Changpeng 'CZ' Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing the company "does not trade for profit or 'manipulate'...
MakerDAO passes new ‘constitution’ to formalize governance process
MakerDAO, the decentralized autonomous organization that governs the Dai (DAI) stablecoin, has passed a new proposed “constitution” intended to formalize governance processes and help prevent...
Institutional investors put $160M into crypto products
Investors put $160M into crypto investment products amid concerns around traditional finance. Bitcoin recorded the largest inflows of $128 million as a six-week streak of...
CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification
The United States Commodity Futures Trading Commission filed suit against Binance on March 27 for violations of the Commodities Exchange Act and CFTC regulations. Those...
Ted Cruz and Ron DeSantis take on the ‘digital dollar’: Law Decoded, March 20–27
Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency (CBDC). Florida Governor Ron DeSantis — expected...