Analysis
Adoption
US debt default could make Bitcoin a top 3 asset: Survey
Many investors now consider BTC to be a king of "digital gold" and it has become more popular than every fiat currency.
CBDCs
Florida bans ‘centralized digital dollar’ under state law
Ron DeSantis said that CBDCs would allow the government to do a lot of things that would not be "conducive to freedom."
Crime
Ex-FTX compliance chief confirms celebrity promotional activity originated in Florida
Friedberg's testimony could undermine is a breakthrough in the class action lawsuit that is seeking billions from FTX and the celebrities that promoted it
Exchanges
Binance urges balanced regulatory approach for crypto to ensure innovation, growth are not stifled
Binance said watchdogs need to take a balanced approach to regulating the crypto industry to ensure it can continue to grow and innovate in a competitive environment.
Crime
Law enforcement agencies seize dark-web market amid crackdown on illicit crypto transactions
Law enforcement seized $53 million in cash and crypto as part of the operation — dubbed SpecTor — and arrested 288 vendors selling illegal goods.
Featured
Ripple lawyer claims SEC is ‘exploiting legal uncertainty’ to redefine securities laws
Ripple lawyer John Deaton believes that the regulator's litigation against crypto companies "pushes the boundaries" of what constitutes an investment contract and a common enterprise in the U.S.
Crime
Ex-OpenSea employee charged with insider trading says info he used was not considered confidential
Nate Chastain was in charge of which NFTs would be featured on OpenSea's homepage and used it to make roughly $50,000 in profits via anonymous trades.
Culture
Crypto industry thinks US government is trying to ‘kill crypto’
U.S. financial regulators are making it "unfeasible or impossible" for crypto-related companies to operate in the country via a range of policies and rules that are both "written and unwritten."
Regulation
FDIC says Signature Bank failed due to mismanagement, risky crypto deposits
Before its collapse, Signature Bank had $110 billion in assets under management and was the 29th largest lender in the U.S.
Featured
Ex Coinbase CTO Balaji clarifies 10% chance of sovereign default is ‘very high’
Former Coinbase CTO Balaji Srinivasan said sovereign defaults are only a matter of time as governments are printing trillions.
Adoption
Vigilante hacker burns hundreds of BTC held in wallets used by Russian intelligence
The anonymous vigilante reportedly found 986 unique Bitcoin addresses between March 2022 and April 2022 that they claimed were used by Russian security agencies.
Politics
Congressmen raise concerns over prudential regulators’ effort to ‘de-bank’ crypto industry
The Republican lawmakers have set a May 9 deadline for the regulator to provide all requested information.