All articles tagged with #digital asset
Bitcoin has fallen to its lowest level since mid-December as the excitement over new exchange-traded funds (ETFs) fades, with the largest digital asset down about 10% since the US approved ETFs. The token is now underperforming stocks since the beginning of 2024, and smaller tokens like Ether, Solana, and Polkadot are also struggling amidst the market downturn.
Digital Asset has announced the launch of the Canton Network, a privacy-enabled interoperable blockchain network designed to provide a decentralized infrastructure for institutional clients. Participants include BNP Paribas, Deloitte, Cboe Global Markets, Goldman Sachs, Broadridge, S&P Global, and Microsoft, among others. The network connects applications built with Digital Asset's smart-contract language, Daml, allowing various systems in financial markets to interoperate and synchronize. The Canton Network is owned by its participants, which include Digital Asset.
Bitcoin prices are dropping after Binance, a major cryptocurrency exchange, paused withdrawals of the largest digital asset twice due to a high volume of pending transactions.
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Binance and its founder, Changpeng Zhao, for violating the Commodity Exchange Act (CEA) and CFTC regulations. The complaint alleges that Binance knowingly disregarded applicable provisions of the CEA while engaging in a calculated strategy of regulatory arbitrage to their commercial benefit. The CFTC seeks disgorgement, civil monetary penalties, permanent trading and registration bans, and a permanent injunction against further violations of the CEA and CFTC regulations.