New York Finance Watchdog ‘Fiercely Opposes’ Sandboxes for Fintech Firms

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.Derivatives giant Chicago Mercantile Exchange's (CME) regulated bitcoin (BTC) and ether (ETH) futures saw record participation from large traders in the second quarter. The number of large open…

The Celo community voted Friday to approve using Optimism's OP Stack technology for migrating its current standalone blockchain over to a layer-2 network atop Ethereum.The vote, officially proposed May 3 passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure, with two two addresses representing 20,484 CELO abstaining.The

The Financial Stability Board and the Bank for International Settlement both flagged tokenization risks in new reports. "Tokenisation could have implications for financial stability if it scales up significantly," Klaas Knot the FSB chair said in a letter addressing the Group of 20 nations. 21:33 Is Ethereum the 'Blackberry' of Crypto? 01:28 Key Indicator Lends

CoinDCX, one of India's most prominent cryptocurrency exchanges, is cutting about 12% of its staff as the prolonged bear market and India's tax policies hit revenue.The exchange is laying off 71 employees whose roles do not fit into current business priorities, a company spokesperson told CoinDesk on Tuesday. The Mumbai-based company, founded by Neeraj Khandelwal…

U.S.-based custody bank Northern Trust is helping traditional "mainstream" hedge funds expand into cryptocurrencies, says Forbes.

A fake news site has used the likeness of New Zealand Prime Minister Jacinda Ardern to promote articles on Facebook aimed to pump a crypto startup. Local media source Stuff reported Friday that several sponsored posts had recently emerged on Facebook, featuring the image of the PM with headlines such as "New investment plan for…

The waitlist for Robinhood’s crypto wallet is now more than one million customers long, Robinhood CEO Vlad Tenev said at CNBC’s Disruptor 50 summit on Thursday.Robinhood announced last month it was planning to roll out a crypto wallet in early 2022 that would allow customers to trade, send and receive cryptocurrencies, as well as transfer…

Jul 16, 2020 at 19:21 UTCUpdated Jul 16, 2020 at 19:36 UTCTwitter Hack 2020 Was Probably Done by a Bitcoiner – But Not a Savvy OneA cyberattack against Twitter has sparked widespread debate about tech industry regulations and borderless money.  So far the scam has garnered $120,000 worth of bitcoin by tweeting about a fake…

Major cryptocurrencies spiked as much as 13% as a bump in bitcoin (BTC) led to an overall rise in crypto markets, buoyed by hopes of a spot bitcoin exchange-traded fund (ETF) approval.All major tokens reversed losses from the past week, bitcoin jumped above $30,000, and ether (ETH) crossed the $1,600 mark on Friday. XRP gained