Binance Denies Report It Was Blocked From Installing Its CEO on Board of Failing Bank

Crypto exchange Binance said the FMA had not rejected an application for CEO Chanpeng Zhao to join the board of the now-defunct Union Bank.

Bitcoin News Roundup for Aug. 11, 2020

With bitcoin increasingly acting like gold and one company betting a quarter of a billion dollars on BTC, CoinDesk's Markets Daily is back for your news roundup!

DEX Aggregator 1inch Raises $2.8M From Binance Labs, Galaxy Digital and More

Launched by software engineers from Porsche and NEAR Protocol, the startup has raised $2.8 million in a funding round led by Binance Labs.

Coinbase’s Existing $8B Valuation Means It Doesn’t Need an IPO, Lawyer Says

An IPO would do little to boost Coinbase's following or $8 billion valuation, said a lawyer that specializes in getting startups to a public offering.

Blockchain to Play ‘Essential Role’ in Farming Supply Chains, Says US Government

An agency attached to the U.S. Department of Agriculture said it expects blockchain will play an important role in the sector's supply chains.

Australian Woman Jailed for Theft of More Than 100,000 XRP

The 25-year-old received a sentence of more than two years for the 2018 theft of XRP worth around $300,000 at the time.

How a Decentralized Randomness Beacon Could Boost Cryptographic Security

Filecoin will be the first protocol to use this production-ready version of drand to create decentralized, verifiable randomness for “leader selection.”

Market Wrap: Bitcoin Tests $12K; DeFi Debt Outstanding Hits Record

Bitcoin’s back on the price roller coaster and DeFi borrowing is hitting a new high.

Mining Stocks Are Beating Bitcoin in a Bullish Cryptocurrency Market

Riot and Marathon have rallied 97% and 128% over the past year while bitcoin has gained 3 percent.

Facebook Taps David Marcus to Lead Payments Initiatives

Marcus will continue running Libra's Novi digital wallet as he takes on Facebook Financial.

Interactive Brokers to Pay $38M in Settlement Over AML Lapses

Publicly traded brokerage firm Interactive Brokers has agreed to pay multi-million dollar penalties to the SEC, Finra and CFTC for failure to flag suspicious transactions and lapses in AML compliance.

Blockchain Bites: Inside Cosmos, Bitcoin at $200B, DeFi Surges

Traders are expecting bitcoin to go higher. DeFi is surging in web traffic. And Cosmos is alive and well, despite internal feuding.

Three Crypto Analysis Firms Advance in ‘TechSprint’ RegTech Competition

The fintech showcase has three $50,000 cash prizes for three regtech focus areas.

Coinbase Snags Lyft Engineering Executive Manish Gupta

Gupta will help Coinbase "through the next phase of company growth."

Bitcoin News Roundup for Aug. 10, 2020

With the price of bitcoin knocking on $12K, CoinDesk's Markets Daily is back with another time-saving news roundup.

Researchers Find Flaws in Security Protocols Developed by Major Crypto Exchanges

Private key protocols for some crypto exchanges have been implemented with bugs that could have been exploited by a well-placed malicious party, researchers say.

Bitcoin Transaction Fees Dropped 58% Last Week as Congestion Eased

The cost of transacting on the Bitcoin blockchain fell sharply last week as the network reverted to less frantic levels of activity.

First Mover: Bitcoin Hits $12K as Trump Orders Checks for Unemployed (Voters)

Bitcoin pushed above $12,000 as President Donald Trump ordered emergency economic aid measures that might just be a precursor to a new spending bill worth trillions of dollars.