Bitcoin has the best quarter in the past two years / US CFTC sues Binance and Zhao CEO[3/25-3/31 top news]| coindesk JAPAN | Coindesk Japan

The U.S. Commodity Futures Trading Commission (CFTC) could ask Binance to cease operations in the U.S. as part of the terms of the settlement, Bernstein said in an investigative report dated March 28. Here’s a digest of this week’s top news.

A number of fintech payment firms and offshore banks are trying to fill the void left by the failures of America’s Silvergate Bank, Silicon Valley Bank and Signature Bank, but the new It will take time for the banking network to become established, JPMorgan said in a March 22 research report.

The California Department of Motor Vehicles (DMV) tokenization project is just one example of how companies, state and federal agencies are using blockchain-based solutions to increase efficiency and reduce costs. Bank of America said in a March 23 research report.

On the afternoon of March 24, US CoinDesk editor Nikhilesh De received an email from Amazon’s official account asking him to complete the NFT purchase and confirm the gallery.

Rumors of Amazon launching an NFT marketplace have been circulating for several weeks. Amazon has yet to comment publicly.

Expectations of more liquidity in the U.S. dollar underpinning the banking sector after a series of forced shutdowns are driving bitcoin’s (BTC) rally, but other factors are at play, Morgan Stanley said. It states in the March 26 investigation report.

Bitcoin, the world’s largest crypto asset by market capitalization, is up 69% this year.

Cryptocurrency exchange Binance and its founder, Changpeng Zhao, are accused of violating federal law by offering unregistered crypto derivatives products in the United States. The Commission (CFTC) sued both on March 27.

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), stablecoins Tether (USDT) and Binance USD (BUSD) are commodities, according to a complaint filed in the U.S. District Court for the Northern District of Illinois on the 27th. It was said.

Amendments to the European Union’s Data Act, announced by member states of the European Union (EU) on March 27, will require smart contracts to include a kill switch.

Binance CEO Changpong Zhao posted on his blog on March 27 that the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) that day contained an “incomplete enumeration of facts.”

The U.S. Commodity Futures Trading Commission (CFTC) could ask cryptocurrency exchange Binance to cease operations in the U.S. as part of the terms of the settlement, Bernstein said in March. He said in the investigative report on the 28th.

Three German computer scientists have founded the ZeroSync Society in Switzerland, a non-profit organization to help Bitcoin scale using zero-knowledge (ZK) proofs, a cryptographic technique that exploded in rival Ethereum. established.

On March 28, Mitsubishi UFJ Trust and Banking, Soramitsu, and Datachain started a technical partnership to realize smooth mutual transfers and exchanges among the wide variety of stablecoins that are expected to be issued in Japan. Announced. It aims to build a financial infrastructure that can be used globally by building advanced use cases in the world.

Financier, known for its blockchain-based token-issuing crowdfunding service FiNANCiE, announced on March 28 that it had raised funds with Marui Group, a major retail and financial company, as its underwriter.

According to CoinDesk data, the market capitalization top cryptocurrency has jumped about 72% this year to $28,500, marking the highest quarterly gain in the past two years. This price increase has boosted the market value of crypto assets to $542 billion.

Stacks (STX) — the native token of the Stacks Network — saw its price rise in March amid the Bitcoin Ordinals boom, which enables Bitcoin NFTs, and the protocol’s Total Value Locked (TVL) growth. rose. The project will also be upgraded this year to increase speed and scalability.

Government-licensed pension funds are required to disclose information about their crypto investments to the Office of the Superintendent of Financial Institutions (OSFI), the Canadian government said. The Canadian government is tightening regulations on crypto assets.

The “Exchange Stablecoins Ratio (ESR)” provided by CryptoQuant – the exchange’s bitcoin reserves divided by the exchange’s holdings of stablecoin reserves – has been increasing since May 2021. has risen to a high level of

Freeport, the soon-to-be-launched blockchain-based platform for investing in fine art, will exclusively offer four works by Andy Warhol as security tokens (digital securities).

The four works are Warhol’s representative works “Marilyn” (1967), “Double Mickey” (1981), “Mick Jagger” (1975), “Rebel Without a Cause (James Dean)” (1985). , divided into 1000 tokens each and provided.

Game-specific blockchain Oasys announced on March 29 that it has released a block chain game information booklet “Blockchain Famitsu” produced by “Famitsu”, one of the largest comprehensive game information media in Japan. The PDF version will be open to the public on Oasys’ official website and official Twitter, and a paper version is also planned.

On March 29th, Obers announced that it would start a new idol group creation project “IDOL3.0 PROJECT” with Yasushi Akimoto as general producer. We aim to be an idol group that is “updated” according to the changing times and needs, without being bound by conventional idol images, activity areas, and group management.

The crypto asset (virtual currency) X R P (XRP) is rising. This is because the issuer, Ripple Labs, has won a lawsuit with the U.S. Securities and Exchange Commission (SEC), and there are widespread expectations that risk taking will progress in a wider market.

US cryptocurrency trading giant Coinbase is in talks with regulators about continuing to operate in Canada as the country tightens regulations on cryptocurrency exchanges, a person familiar with the matter said. But rival Binance is likely to pull out.

Argentinian low-cost carrier (LCC) Flybondi will issue electronic tickets as NFTs.

Built on the Algorand blockchain, NFT ticketing technology allows passengers to rename, transfer and sell NFT tickets on their own.

Bitcoin (BTC) has shown resilience amid regulatory headwinds by gaining more than 17% over the past two weeks, suggesting the asset is in the early stages of a bull market. On March 30, it briefly exceeded $29,000 and then traded at around $28,500.

According to on-chain data, some traders and whales (a colloquial term for people with large amounts of tokens) have taken profits after weeks of gains, which could drive a decline in the coming days.

Euroclear, a traditional international securities clearing house, could complete a new platform for securities based on distributed ledger technology (DLT) as early as this year, said one of its staff members. said on March 30.

According to a blog post by MixBytes, developer of decentralized finance (DeFi) staking service Lido, Lido launched its Polkadot (DOT) and Kusama (KSM) staking programs on Aug. 1. finish.

NEC announced on March 30 that it had signed a memorandum of understanding with Hong Kong’s Animoca Brands and Gryfyn on March 28 with the aim of creating and expanding the digital wallet market in the Web3 area. Starting with entertainment such as games and content (IP), we aim to realize a trustworthy web3 society and create and expand markets.

South Korea’s crypto-asset (virtual currency) trading fanatics seem to be back, boosted by the rise of XRP (XRP).

XRP’s trading volume surged to billions of dollars on three South Korean exchanges: UpBit, Bithumb and Korbit, after its price rose 26% over the past week.

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