The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has reiterated his agency's claim that Bitcoin and Ether, the two leading cryptocurrencies by market capitalization, should be classified as commodities and regulated by his agency.
Financial services giant Block (SQ) and leading Bitcoin miner Core Scientific (CORZ) announced an agreement centering on Block's newly developed 3-nanometer Bitcoin mining ASICs, created by their internal Proto team.
Cryptocurrency exchange BitMEX pleaded guilty to violating the Bank Secrecy Act (BSA) between 2015 and 2020, but the company is pushing for an expedited sentencing with no additional penalties, arguing it has already addressed the issue.
Top stories in the Crypto Roundup today:
- CFTC Chair Reaffirms Bitcoin and Ether are Commodities
- Block and Core Scientific Partner for 3nm Bitcoin Mining Chips
- BitMEX Pushes for Expedited Sentencing on 'Old News' Charges
- Stablecoin Sector Reaches Highest Market Cap Since April 2022