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Latest headlines from Coindesk.

Why the DOJ May Have Recommended a Three-Year Sentence for CZ

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.

https://www.coindesk.com/policy/2024/04/29/why-the-doj-may-have-recommended-a-three-year-sentence-for-cz/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Stablecoin Legislation Must Respect the Dual-Banking System

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...

https://www.coindesk.com/consensus-magazine/2024/04/29/stablecoin-legislation-must-respect-the-dual-banking-system/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

CZ Sentencing Letters Paint Former Binance CEO as Devoted Family Man, Friend

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 ...

https://www.coindesk.com/policy/2024/04/29/cz-sentencing-letters-paint-former-binance-ceo-as-devoted-family-man-friend/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tether Buys $200M Majority Stake in Brain-Computer Interface Company Blackrock Neurotech

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

https://www.coindesk.com/business/2024/04/29/tether-buys-200m-majority-stake-in-brain-computer-interface-company-blackrock-neurotech/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Trades At Slight Premium in Yen Terms Amid Suspected BOJ Intervention

The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention.

https://www.coindesk.com/markets/2024/04/29/bitcoin-trades-at-slight-premium-in-yen-terms-amid-suspected-boj-intervention/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein

Investment platforms will take some time to establish the necessary compliance framework to sell bitcoin ETF products, the report said.

https://www.coindesk.com/business/2024/04/29/bitcoin-etf-slowdown-is-a-short-term-pause-not-the-beginning-of-a-negative-trend-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Wasabi Wallet-Developer Blocks U.S. Citizens and Residents After Samourai Wallet Arrests

U.S citizens residing abroad are also banned from using the service

https://www.coindesk.com/policy/2024/04/29/wasabi-wallet-developer-blocks-us-citizens-and-residents-after-samourai-wallet-arrests/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

South Africa’s Election Won’t Interfere With Crypto Policy: Industry Watchers

South Africa's upcoming election isn't expected to derail the country's agenda for digital assets, several members of the crypto community told CoinDesk.

https://www.coindesk.com/policy/2024/04/29/south-africas-election-wont-interfere-with-crypto-policy-industry-watchers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Chart Veteran Who Predicted Bitcoin’s 2018 Collapse Says The Bull Market May Be Over

Brandt's latest view is based on a statistics concept called "exponential decay."

https://www.coindesk.com/markets/2024/04/29/chart-veteran-who-predicted-bitcoins-2018-collapse-says-the-bull-market-may-be-over/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg

The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, is expected to approve the first spot-Bitcoin {BTC} exchange traded funds (ETFs) before the end of 2024, ...

https://www.coindesk.com/policy/2024/04/29/australian-securities-exchange-could-approve-spot-bitcoin-etfs-before-2024-end-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Here’s How EU Nations Are Preparing to Enforce MiCA

With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.

https://www.coindesk.com/policy/2024/04/29/heres-how-eu-nations-are-preparing-to-enforce-mica/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Mango Markets Exploiter Charged with Possession of Child Pornography

FBI Computer Analysis and Response Team agents first found the material during a search of Eisenberg's devices in January 2023

https://www.coindesk.com/policy/2024/04/29/mango-markets-exploiter-charged-with-possession-of-child-pornography/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin, Ether Nurse Losses as U.S. Stagflation Fears Grip Market

The crypto market is balancing the threat of stagflation against a liquidity injection from the Treasury General Account (TGA), and the launch of Hong Kong's bitcoin ETFs.

https://www.coindesk.com/markets/2024/04/29/bitcoin-ether-nurse-losses-as-us-stagflation-fears-grip-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Japan's Embrace of Web3 Uncertain as Ruling Party Under Threat

Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September.

https://www.coindesk.com/policy/2024/04/28/japans-embrace-of-web3-uncertain-as-ruling-party-under-threat/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DOJ Disputes Roman Storm's Characterization of Tornado Cash Operations in New Filing

The U.S. Department of Justice rebuffed Roman Storm's motion to dismiss criminal charges against him late Friday.

https://www.coindesk.com/policy/2024/04/27/doj-disputes-roman-storms-characterization-of-tornado-cash-operations-in-new-filing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge

Lawyer-turned-politician John Deaton further reinforced his credentials as an outspoken crypto ally on Friday, filing a friend-of-the-court brief in Coinbase Inc.'s (COIN) effort to get a higher U.S. ...

https://www.coindesk.com/policy/2024/04/26/warren-rival-for-senate-race-john-deaton-argues-for-coinbase-in-sec-challenge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Chops Around $64K, With Japanese Yen's Tumble Maybe Signaling 'Currency Turmoil,' Analyst Says

The yen's volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interv...

https://www.coindesk.com/markets/2024/04/26/bitcoin-chops-around-64k-with-japanese-yens-tumble-maybe-signaling-currency-turmoil-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Custodia Bank Appeals Court Loss in Fed Membership Lawsuit

Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve's rejection of its bid for a master account and membership.

https://www.coindesk.com/policy/2024/04/26/custodia-bank-appeals-court-loss-in-fed-membership-lawsuit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines