News from around

CZ is stepping down as Binance U.S board chairman, transferring his voting rights to a proxy.

  • Standard Chartered Bank maintains its prediction that Bitcoin will hit $100,000 by 2024, emphasizing that the approval of U.S.-based spot Bitcoin ETFs could serve as the upcoming catalyst

  • Brian Armstrong believes that the recent settlement between Binance and the US DOJ signifies a turning point for the industry, allowing it to move past the era of bad actors.

  • Bank for International Settlements official Cecilia Skingsley assured on Tuesday that central banks have no interest in personal data, addressing privacy concerns related to national digital currencies.

  • Miguel Fernández Ordóñez, former Bank of Spain Governor, believes a digital euro could serve as a secure asset and potentially resolve banking crises or even lead to the deregulation of banks.

  • Chainlink’s significant v0.2 upgrade to its native staking system has gone live, increasing the staking pool size to 45 million LINK.

  • DCG and Genesis Global have agreed to a repayment plan to resolve their lawsuit, outlined in a recent bankruptcy filing. DCG has already paid around $227.3 million of its $620 million debt. The settlement involves DCG making three additional payments totaling $275 million to Genesis by April, a portion of which will be in both U.S. dollars and bitcoin.

  • Coinchange secured $10 million in Series B funding to expand its API-based yield service for leading cryptocurrencies like BTC, ETH, and major stablecoins. G1[.]VC, Spirit Blockchain, Good News Ventures, K2[.]CA, Atoia Ventures led the funding round, joined by Mintfox.

  • The UK government urged crypto users to voluntarily disclose unpaid capital gains or income taxes and issued guidance on how to report them. This includes gains or income from exchange tokens such as BTC, NFTs, and utility tokens.

  • The Philippines Securities and Exchange Commission is considering blocking access to Binance, citing the exchange’s lack of a license to operate in the country. Binance is accused of unauthorized sale or offer of securities to the public and promoting crypto trading to Filipinos on social media, which could carry criminal liability for the promoter.

  • Singapore-based exchange holds $97.1 million in debt. Zipmex’s latest restructuring proposal suggests paying creditors 3.35 cents on the dollar, potentially rising to 29.35 cents depending on debt restructuring results. However, major creditors have pushed back, requesting an asset and liability review.

  • dYdX Chain, has initiated the distribution of DYDX rewards to users, marking the start of full trading on the protocol. This move came after a definitive governance vote.

  • CF Benchmarks introduced the CF Staking Reward Rate Series, a new index series tailored for institutional clients. This series offers investors reward rates derived from select proof-of-stake protocols.

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