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Mysten Labs CEO on Sui Mainnet Going Live
Layer 1 blockchain Sui launched its mainnet this week, as it aims to edge out rivals like Aptos and other DeFi heavyweights. Evan Cheng, co-founder and CEO of the blockchain's core contributor Mysten Labs, shares insights into the benefits and opportunities of Sui and how it aims to stand out from the competition. Plus, Cheng reflects on the lessons learned from previously working on the Meta-led Diem project, formerly known as Libra.
Why CBDCs Could Become a Talking Point in U.S. Presidential Election
A number of potential presidential candidates have recently taken a strong stance against central bank digital currencies (CBDCs). CoinDesk's Emily Parker, executive director of global content, discusses why the issue is likely to be a talking point during the upcoming presidential election and why privacy concerns are forcing some lawmakers to "sound the alarm."
Coinbase to Stop Issuing New Loans Via Coinbase Borrow; Fedi and OpenSats Receive New Funding
Coinbase Borrow’s customers received an email on Wednesday informing them that May 10 will be the last day to take out new loans with the exchange's borrowing program. Plus, in separate announcements, Fedi announced it raised $17 million in Series A funding, while OpenSats tweeted it received $10 million in additional funding.
Bitcoin's Dominance Rate Jumps After U.S. Banking Jitters
According to TradingView data, bitcoin's (BTC) dominance rate, measuring the cryptocurrency's share in the broader market, has risen sharply since the onset of the ongoing U.S. banking sector instability almost two months ago. CoinDesk Senior Research Analyst George Kaloudis presents "The Chart of The Day."
Bitcoin Remains in Tight Range Ahead of April Jobs Report
Bitcoin (BTC) remains in a tight range on Thursday amid low trading volume and undisturbed by the Fed’s widely expected 25 basis point interest rate hike the previous day and the latest mildly encouraging data that suggests the hot jobs market might be weakening. Digital asset strategist Joe Orsini weighs in on bitcoin's dominance rate and how the largest cryptocurrency by market capitalization is reacting to recent U.S. banking sector jitters.
The Story Behind Defunct Crypto Exchange Mt. Gox
As part of our "CoinDesk Turns 10" series looking back at seminal stories from crypto history, "All About Bitcoin" closely examines the rise and fall of defunct crypto exchange Mt. Gox with author, journalist and CoinDesk contributor Jeff Wilser.
Ex-OpenSea Exec Charged With Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a federal court in New York on Wednesday, according to a report from Reuters. Chastain made approximately $50,000 by buying and trading NFTs with insider knowledge from his position at OpenSea. "The Hash" panel discusses the case.
Nigeria Government Approves National Policy to Create 'Blockchain-Powered' Economy
Nigeria's government approved a national blockchain policy on Wednesday as part of the country's effort to transition to a digital economy. The policy announcement makes no mention of crypto, which the government cracked down on in 2021. "The Hash" panel discusses the outlook for Nigeria's blockchain-powered economy.
North Carolina House Unanimously Votes to Ban CBDC Payments to the State
North Carolina's House of Representatives on Wednesday unanimously passed a bill prohibiting the state's agencies and institutions from accepting payments in central bank digital currencies (CBDC). "The Hash" panel discusses the latest on the digital dollar.
SEC Ordered to Respond to Coinbase Allegations Within 10 Days
The U.S. Securities and Exchange Commission (SEC) has been ordered by a U.S. court to respond to cryptocurrency exchange Coinbase's (COIN) complaint over how it applies securities laws to digital assets. The Third Circuit Court of Appeals said in a Wednesday filing that the SEC must file its response within 10 days. Coinbase may then file a response seven days thereafter. "The Hash" panel discusses the latest in crypto regulation.
