Industry

Binance CEO Changpeng “CZ” Zhao rejected the CFTC’s allegations, arguing that the cryptocurrency exchange “under no circumstances operates for profit or ‘manipulates’ the market.”

According to the proposal’s official forum page, MakerDAO, the decentralized autonomous organization governing the Dai (DAI) stablecoin, has adopted a new proposed “constitution” designed to standardize the governance process and help prevent hostile actors from taking over the protocol.

The United Kingdom has shelved plans to launch a government-backed “UK NFT,” originally proposed by crypto-friendly Prime Minister Rishi Sunak.

Entertainment giant Disney has reportedly ditched its Metaverse division as part of a broader restructuring plan that will slash $5.5 billion in operating expenses and lay off 7,000 employees within two months.

Do Kwon, co-founder of Terraform Labs, set up a company in Serbia for less than $1 a few weeks after being flagged by Interpol for a “red notice,” according to documents from Serbia’s business registry.

Troubled cryptocurrency lending platform Vauld has won another creditor protection extension from the Singapore High Court until March 24

In a new blog post published on Feb. 28, Ethereum co-founder Vitalik Buterin documents the need for continuous improvements to the network to better facilitate Ether as a means of payment.

The supply of wrapped Bitcoin (wBTC) fell to its lowest level since May 2021 after its second-biggest single-day burn on Feb. 27.

Following the cease and desist order, the Nevada Department of Financial Institutions has filed another application against cryptocurrency custodian Prime Trust

Elon Musk's brain-computer interface (BCI) startup Neuralink has reportedly received approval from the US Food and Drug Administration (FDA) to conduct some form of "human" trials of its surgically implanted brain devices.

Another centralized exchange (CEX) is in trouble, with Hotbit announcing that it will shut down operations due to the unfavorable business environment.

The market dominance of dollar-pegged stablecoins has shifted somewhat over the past year. While most of them are in a downtrend, Tether, according to data from CoinGecko, it has recovered to record highs.

The company also boosted its US Treasury bills to a new high of more than $53 billion, or 64% of its reserves. Combined with other assets, USDT is now backed by 85% cash, cash equivalents, and short-term deposits, the report said.

Cryptocurrency exchange Binance will suspend U.S. dollar bank transfers starting Wednesday,

Researchers at IT security firm Check Point security have flagged Dingo Token as a potential scam after discovering a feature that allows project owners to manipulate transaction fees of up to 99% of the transaction value.

Binance’s new tax tool will let users calculate taxes related to their cryptocurrency trading activities.

Assurance firm BDO confirmed that Tether has assets worth at least $67 billion and a surplus reserve of at least $960 million.

Recent reports indicate Bankman-Fried is being transferred from his current detention facility to a new prison location.

Shares in several US regional banks tumbled in after-hours trading on May 3, even after Federal Reserve Chairman Jerome Powell called the banking sector "solid" and "resilient" just hours earlier.

Microsoft recently announced a host of new artificial intelligence (AI) features for its Bing chatbot and Edge web browser. Chief among these changes is that Bing users now have full access to the GPT-4 model the same underlying engine that powers ChatGPT's “Plus” subscription service.