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U.S. Treasury Says DeFi Needs to Comply With Anti-Money Laundering Rules in New Report
The U.S. Treasury Department released a 40-page report stating that DeFi needs to comply with anti-money laundering rules. TRM Labs Head of Legal and Government Affairs Ari Redbord unpacks this report titled "Illicit Finance Risk Assessment of Decentralized Finance." He added, "DeFi is disintermediated...and that's the paradox we have here."
'Shapella' Upgrade Likely to Be a 'Nonevent' for ETH Price: Ether Capital CEO
Ether (ETH) sits around $1,800 as market participants eye Ethereum’s April 12 "Shapella" upgrade, which aims to permit staked ETH withdrawals. Ether Capital CEO Brian Mosoff shares his expectations, saying, "this is going to be a nonevent in terms of price."
Is Ether Considered a Security or Commodity?
While the SEC suggests ether (ETH) might be a security, the CFTC says it's a commodity. Ether Capital CEO Brian Mosoff discusses his outlook for ETH and how investors could be affected. "For people who recognize that it's a global asset, a global ecosystem, it shouldn't matter what it's bucketed as," Mosoff said.
Former FTX US President Quit After ‘Protracted Disagreement’ With Bankman-Fried: Report
A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrison resigned last September partly because of a “protracted disagreement” with CEO Sam Bankman-Fried and members of his inner circle. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest.
What Ethereum’s ‘Shapella’ Upgrade Means for Crypto Markets
Two major Ethereum network upgrades dubbed together as "Shapella" are slated to take place simultaneously on April 12. Ether Capital CEO Brian Mosoff breaks down what to expect, the implications for staking, and the potential impact on the broader crypto markets, explaining why the move could prove bullish for ether (ETH) long-term. Plus, how Ether Capital is navigating crypto winter.
Tether's Market Capitalization Nears Record High; PostFinance to Offer Customers Crypto
Data from CoinGecko shows that Tether's (USDT) market capitalization has increased by over 20% this year. Separately, PostFinance, Switzerland’s fifth-largest financial services firm, says it will begin offering its users access to cryptocurrency thanks to a partnership with regulated digital asset services provider Sygnum Bank.
Bitcoin Continues to Move in Lockstep With the Nasdaq to S&P 500 Ratio
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests that cryptocurrency is still a risky asset. Christine Lee presents "The Chart of the Day."
Bitcoin Outlook Ahead of Ethereum's 'Shapella' Upgrade
Bitcoin (BTC) hovers around $28,000 as the largest cryptocurrency by market capitalization and has risen roughly 70% since the beginning of this year. ETC Group co-CEO Tim Bevan discusses the sustainability of bitcoin's 2023 rally. Plus, insights on the decline in the ratio between trading volumes in bitcoin and ether's spot markets.
Bitcoin Rewards App Fold Expands Partnership With Visa to New Regions
Bitcoin (BTC) rewards app Fold and Visa have expanded their ongoing partnership. The U.S. payments giant will now serve as the exclusive network partner for Fold's prepaid debit products in North America, Europe, Latin America and the Caribbean. Fold CEO Will Reeves breaks down the significance of this partnership expansion and his outlook on mainstream crypto adoption.
India Stepping Up CBDC Testing, Targeting One Million Digital Rupee Users By July
India's retail central bank digital currency (CBDC-R) architects are aiming to scale the user base of the digital rupee to one million users and have prioritized solving the challenge of creating an offline version, two people familiar with the matter told CoinDesk. "The Hash" panel discusses the latest in India's retail and wholesale CBDC pilots.
