LensLinks: Issue 123

CFTC Sues Binance, CEO CZ, brought to you by Regiment LLC

Author

Len Pacek
March 28, 2023

Today in LensLinks:

  • CFTC Sues Binance, CEO CZ for Allegedly Breaking US Laws

  • Italy led crypto trading in Q4'22 – $112K per user

  • Metaverse Gaming Revenues to Surge by 40% Year-over-Year to $13.8B in 2023

  • Banks Welcome Crypto Firms After Signature/Silvergate Downfall

  • Epic Games-backed Hadean secures additional $5M to supercharge the metaverse with web3

  • Coinbase is encouraging developers to work on 'flatcoins' that will keep pace with inflation

  • Over 1,200 German Banks Looks To Offer BTC Trading To Retail Customers Via WpNex Platform

  • Singularity: Who’s Winning the AI Race? It’s Not That Simple.

  • ESG: Biden's policy on crypto taxation undermines his environmental goals

  • And Much, Much, More…

QUOTABLE

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“Today’s enforcement action demonstrates that there is no location, or claimed lack of location, that will prevent the CFTC from protecting American investors. I have been clear that the CFTC will continue to use all of its authority to find and stop misconduct in the volatile and risky digital asset market. For years, Binance knew they were violating CFTC rules, working actively to both keep the money flowing and avoid compliance. This should be a warning to anyone in the digital asset world that the CFTC will not tolerate willful avoidance of U.S. law.”

- CFTC Chairman Rostin Behnam

NOTABLE

CFTC Sues Binance, CEO CZ for Allegedly Breaking US Laws

The U.S. commodities regulator accuses Binance and CEO CZ of ‘willful evasion’ of US federal law.

www.bsc.news/post/cftc-sues-binance-ceo-cz-for-allegedly-breaking-us-laws

Italy led crypto trading in Q4'22 – $112K per user

The U.K. and the U.S. followed as the second and third highest individual crypto trading volumes with $91,716 and $73,279, respectively.

cryptoslate.com/italy-led-crypto-trading-in-q422-112k-per-user

Metaverse & Gaming

Metaverse Gaming Revenues to Surge by 40% Year-over-Year to $13.8B in 2023

As one of the largest segments of the metaverse industry, metaverse gaming continues growing in popularity, with more and more gamers searching for a

sportslens.com/news/metaverse-gaming-revenues-to-surge-by-40-year-over-year-to-13-8b-in-2023

Blockchain, Tokens & DeFi

European DeFi startups saw 120% increase in VC investment in 2022: Data

European crypto startups providing financial services saw over half of all VC investment (52%), followed by infrastructure and Web3 startups.

cointelegraph.com/news/european-defi-startups-saw-120-increase-in-vc-investment-in-2022-data

Crypto Trading

Banks Welcome Crypto Firms After Signature/Silvergate Downfall

Cryptocurrency firms left bankless following the downfall of two industry lenders have found new homes.

www.pymnts.com/cryptocurrency/2023/banks-welcome-crypto-firms-after-signature-silvergate-downfall

Metaverse & Gaming - a little more…

World Blockchain Summit Dubai 2023 Showcases Best Evolving Crypto Startups

World Blockchain Summit (WBS), a part of Trescon, is the world's longest-running blockchain, crypto, and web 3.0-focused summit series. It works as a

gadgetstouse.com/blog/2023/03/27/world-blockchain-summit-dubai-2023

Epic Games-backed Hadean secures additional $5M to supercharge the metaverse with web3 — TFN

The potential for immersive experiences is enormous. Customers are intrigued about immersive technology, especially the metaverse, and immersive

techfundingnews.com/epic-games-backed-hadean-secures-additional-5m-to-supercharge-the-metaverse-with-web3

Blockchain, Tokens & DeFi - a little more…

Coinbase is encouraging developers to work on 'flatcoins' that will keep pace with inflation

Billionaire investor Ray Dalio is one high-profile name who's backed the idea of an inflation-linked coin in the past.

www.businessinsider.in/cryptocurrency/news/coinbase-says-its-working-on-flatcoins-that-will-keep-pace-with-inflation/articleshow/99040764.cms

Crypto Trading - a little more…

Bitcoin, Ethereum, Dogecoin Mixed As Banking Worries Deepen: Analyst Says 'Trading Isn't Black And White', Predicts Apex Crypto To Reach $40k

Major coins traded mixed on Sunday evening as the recent banking crisis in the United States has caused many investors to question the reliability of the traditional banking system.

www.benzinga.com/markets/cryptocurrency/23/03/31505089/bitcoin-ethereum-dogecoin-mixed-as-banking-worries-deepen-analyst-says-trading-isnt-black-

Trading Browser urges crypto investors to remain calm as inflation ramps up – CryptoMode

Investors tend to seek security during times of market uncertainty to protect their assets. However, many people become concerned about losing money during inflation

cryptomode.com/trading-browser-urges-crypto-investors-to-remain-calm-as-inflation-ramps-up

Over 1,200 German Banks Looks To Offer BTC Trading To Retail Customers Via WpNex Platform

Securities services giant Deutsche WertpapierService Bank AG (dwpbank) just unveiled its new platform, wpNex. The new system enables over 1,200

blockzeit.com/over-1200-german-banks-looks-to-offer-btc-trading-to-retail-customers-via-wpnex-platform

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

Who’s Winning the AI Race? It’s Not That Simple.

Figuring out who’s ahead is a lot tougher than counting rockets or warheads.

foreignpolicy.com/2023/03/27/us-china-ai-competition-cooperation

ESG (Environmental, Social & Governance)

Biden's policy on crypto taxation undermines his environmental goals

We don’t tax houses while they’re under construction, according to Todd White and Ralph Benko. We shouldn’t impose taxes on cryptocurrency while it’s staked.

cointelegraph.com/news/staking-gains-shouldn-t-be-taxed-until-they-re-sold

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.