Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion Is ‘QE’, but It’s Not

South Korea’s Financial Services Commission (FSC) reaffirmed its view that non-fungible tokens (NFTs) generally do not fall under the definition of virtual assets and will not be regulated as such, according to a report from the Korea Herald.“According to the basic position expressed by the International Anti-Money Laundering Organization (FATF), NFTs are not regulated,” the…

Jun 1, 2020 at 19:08 UTCUpdated Jun 1, 2020 at 19:09 UTCBGRocker/Shutterstock.comOn the ‘Bitcoin Fixes This’ MemeAs the U.S. experiences the most sustained civil disobedience in more than a generation, an exploration of what role bitcoin has to play in building a better system. For more episodes and free early access before our regular 3 p.m. Eastern…

A federal judge has rejected Wyoming-based Custodia Bank's argument that it is entitled to a Federal Reserve master account and membership with the Fed.Judge Scott Skavdahl, of District of Wyoming, denied Custodia's motion for judgement on Friday, writing that federal laws do not require the nation's central bank to give every eligible depository institution access

Jun 29, 2020 at 07:28 UTCUpdated Jun 29, 2020 at 07:34 UTC(Chris Liverani, Unsplash)Crypto Long & Short: What Trends in Volatility Could Mean for BitcoinBy this stage, pretty much everyone knows that bitcoin’s volatility is well above that of equity markets. This is still true, even after the ructions of March. What is less well-known…

The European Commission wants to make it easier for commercial lenders to hold stablecoins and tokenized assets, after lawmakers pushed to discourage crypto holdings as part of a wider banking reform.A leaked document seen by CoinDesk seeks to moderate the tough position taken by the European Parliament, which in January sought to anticipate global standards…

Jul 20, 2020 at 16:25 UTCWu Jihan of Bitmain speaks at CoinDesk's Consensus. (CoinDesk archives)Power Struggle Inside Bitmain ‘Hard Forks’ Bitcoin Miner ProductionThe ongoing battle between the co-founders at Bitmain has now essentially hard forked the world’s largest bitcoin miner manufacturer into two different operations and supply chains for making its flagship AntMiner equipment. Wu…

Stablecoin issuer Circle has intervened in the Securities and Exchange Commission’s case against major crypto exchange Binance, arguing that financial trading laws shouldn’t spread to stablecoins whose value is tied to other assets.In June, regulators charged Binance with multiple legal violations for facilitating trades in cryptocurrencies, such as solana's SOL, cardano's ADA and the Binance

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.Latest PricesTop StoriesFnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $95 million in Series B funding led

As expected, the Bank of Canada Wednesday morning cut its benchmark overnight rate by 25 basis points to 4.75%.The move was anticipated by most economists as policymakers in Canada had previously signaled satisfaction with the direction of inflation alongside some concern about slowing economic growth."[It is] reasonable to expect further cuts to our policy interest