Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies. The United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance for violations of trading and derivatives laws. The lawsuit, filed on March 27, alleged that the global crypto exchange offered its...Continue Reading

The U.S. prosecutors reportedly agreed to allow Sam Bankman-Fried to stay home while restricting using some electronic devices and apps. The story of FTX founder Sam Bankman-Fried continues to unfold as lawyers and the court continue to argue about SBF’s bail conditions. SBF lawyers have reportedly reached a new bail agreement with the United States...Continue Reading

Delphi Labs general counsel Gabriel Shapiro tweeted that the ruling can also be potentially applied to developers with multisigs. In a new update to the class-action lawsuit against bZX DAO members, a United States district judge ruled that the ability for developers to upgrade a smart contract where the key is in the hands of...Continue Reading

BTC price action repeatedly tests the mettle of $27,000 support, with Bitcoin analysis differing over what comes next. Bitcoin (BTC) attempted to rescue $27,000 support on March 28 as the dust settled on United States regulatory action against the Binance cryptocurrency exchange. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance CEO dismisses “disappointing” complaint Data...Continue Reading

Cointelegraph analyst and writer Marcel Pechman explains how the monetary supply affects cryptocurrencies. The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on...Continue Reading

Zero-knowledge proofs have powered the development of Ethereum layer 2s — and now they’re coming to Bitcoin. Bitcoin (BTC) users will soon be able to make use of zero-knowledge proofs (ZKPs) to expedite the process of verifying individual blocks and, eventually, the entire blockchain.  Swiss-based nonprofit ZeroSync Association is developing tooling which allows users to...Continue Reading

Binance’s Bitcoin balance was reduced by over 3,900 BTC in the past week, of which 3,400 BTC were pulled out in the last 24 hours alone. Soon after the United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and its CEO Changpeng “CZ” Zhao for regulatory violations, the entrepreneur sought damage control measures while...Continue Reading

In twelve hours preceding the indictment, almost $1.5 billion of crypto left several centralized platforms, according to Thanefield Capital. Right before the exchange platform Binance and its CEO Changpeng Zhao have been accused of regulatory violations by the United States Commodity Futures Trading Commission (CFTC), almost a billion dollars in crypto reportedly left the platform’s...Continue Reading

Analysts are speculating that the Bitcoin hash rate has seen a significant spike recently as miners come back online to reap the rewards of the BTC price hike. Bitcoin’s (BTC) hash rate spiked to all-time highs of 398 terahashes per second (TH/s) on March 23, with analysts speculating miners are starting to turn their rigs...Continue Reading

THORChain has once again halted its network, taking action as a precautionary measure while verifying reports on a potential network vulnerability. Cross-chain liquidity protocol THORChain has paused its network due to new claims of a potential network vulnerability. THORChain took to Twitter on March 28 to announce that it has halted all trading amid reports...Continue Reading