Category: Breaking

More than 160 of Changpeng “CZ” Zhao’s loved ones, friends and colleagues have written to a Washington judge ahead of the Binance founder and former CEO’s sentencing tomorrow, asking for leniency and painting a picture of Zhao as a devoted father and friend, and a “geeky” tech nerd who shuns luxury purchases despite his immense personal wealth.

France will serve as BCB’s regulatory base in Europe. The payments firm has been authorized as an Electronic Money Institution…

The investment will fund the roll-out and commercialization of the company’s medical devices.

The latest price moves in bitcoin (BTC) and crypto markets in context for April 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Former Binance CEO Changpeng “CZ” Zhao now faces the genuine possibility that he’ll spend three years in federal prison in the U.S. – well above the possible 18 months laid out in his plea agreement.

The Lummis-Gillibrand stablecoin bill subordinates state regulation to federal control, giving Washington too much power as to which entities can issue these important digital assets, say Jack Solowey and Jennifer J. Schulp at the Cato Institute.

Financial nihilism is a common philosophy in Web3 but, ultimately, there’s no way to build long-lasting value without finding real customers for real products and services that solve actual problems, says Lex Sokolin.

Also, the CFTC wants to bar Americans from betting on elections – even though it’s already illegal in most U.S. states.

The biggest risk factors in the new era of decentralized finance may be economic, not technical, says Jesus Rodriguez, CEO of IntoTheBlock.

Some 45% of the EIGEN token supply will go towards the EigenLayer community, while investors will be allocated 29.5% of the token supply, and 25.5% will go towards early contributors.