Arbitrum’s ARB Token Trades at $3.99 as 625,143 Wallets Receive Airdrop

The House voted 279 to 136 on Wednesday to pass the much heralded Financial Innovation and Technology for the 21st Century Act (FIT21), which has been cast as a major win for the industry considering this is the furthest any crypto-focused legislation has made it thus far in the U.S. The bill, which saw support

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Major cryptocurrencies targeted as unregistered securities in U.S. Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase continued their sharp declines. BNB, the Binance Smart Chain’s native…

news A subsidiary of Swiss multinational investment bank Credit Suisse has completed a blockchain trial for fund transactions. Fundsquare, the fund distribution arm of the Luxembourg Stock Exchange and the project’s technical partner, announced the news on its blog Thursday, saying Credit Suisse Asset Management and Portugal-based bank Banco Best have “successfully processed live end-to-end fund…

The Top Universities for BlockchainColleges and universities – from small, local schools to elite research heavyweights – perform a number of vital functions in American society. These institutions, because of their size and resources, are often fertile ground for new technologies and research advancements. Blockchain technology benefits massively from university influence, and much of the evolution…

The U.S. 2018 midterm elections saw crypto-friendly lawmakers securing governorships in three states, while maintaining two others. Three new governors and two incumbent are ranked as very crypto-friendly, according to data compiled by the Digital Asset Trade Association (DATA), a blockchain advocacy group. The organization sent surveys to most gubernatorial candidates, rating their blockchain-friendliness based…

Mike Winkelmann sank into the sofa as three cameras recorded his meltdown. The dueling identities that had once structured his life were coming into conflict as his fortunes increased by the second. Unseen crypto billionaires were bidding for his soul, or at least it felt that way. His entire artistic career was being auctioned as

Bitcoin (BTC) has risen 2.8% over 24 hours, trading above $66,500, and ether (ETH) has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had

video A senior executive at Big Four auditor Ernst & Young (EY) thinks blockchain will revolutionize commerce – if the community can solve its privacy issues. “Blockchain is going to be the tool that ties together not just individual companies, but whole business ecosystems and networks,” says EY global innovation lead Paul Brody. “Enterprises will…

Ethereum-based crypto trading protocol Saddle Finance is moving to shut down operations and distribute its treasury to investors.Saddle’s founder Sunil Srivatsa on Tuesday proposed the group liquidate its treasury into Arbitrum (ARB) tokens and airdrop the proceeds to holders of Saddle’s SDL and veSDL tokens, with veSDL holders getting four times as big an allocation.…