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Bitcoin Traders Shrug Off U.S. SEC's Action Against Binance, Coinbase
Implied volatility metrics show no signs of panic after the SEC's filed lawsuits against the two cryptocurrency exchanges.
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Social Media Targeted in EU Consumer Group Complaint About Crypto Ads
BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto.
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Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection
If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.
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DeFi Unfazed by SEC's Classification of Tokens as Securities
These forces will likely only drive “more financial activity to DeFi,” one trader said.
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UK Lawmakers Clash Over Government Plans to Regulate Crypto as Financial Services
While some lawmakers have aligned with the government’s proposal, others want the volatile assets to be treated as gambling.
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Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20
Emerging economies in the G-20 are concerned widespread stablecoin use may threaten their monetary policy, and are seeking stricter measures, two high-level officials privy to discussions at the forums told CoinDesk.
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Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says
SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited.
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Binance Says Gensler Once Offered to Be an 'Informal Advisor'
A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder.
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First Mover Asia: Bitcoin Falls Below $26.5K as Crypto Market Fades Amid Coinbase, Binance Angst
ALSO: Stablecoin balances may provide additional insight into price direction.
June 7th
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Arbitrum Temporarily Stopped Processing Due to Software Bug
The Ethereum layer 2 network went out of service for several hours due to a bug in the sequencer and a resulting transaction backlog that stressed the network. A fix was deployed and the network is now processing again.
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UK FCA Proposes Ban on Crypto Incentives in Tough New Marketing Rules
The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.
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‘Stand With Crypto’ NFT Spreads Across Crypto Twitter Amid SEC Crackdown
After the SEC announced separate lawsuits against Binance and Coinbase this week, figures across the crypto space have been minting Coinbase’s “Stand with Crypto” NFT to show their support.
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Coinbase CEO Armstrong Says Not Shutting Down Staking Service
The country’s largest exchange will continue to offer staking services despite facing lawsuits over the service from federal and state regulators.
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BNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble
Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.
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12 Ways Web3 Media Could Embrace AI
From chatbots to deep blockchain data analysis, artificial intelligence can help Web3 news organizations function. But there are plenty of pitfalls too.
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Bitcoin Halving Is Coming and Only the Most Efficient Miners Will Survive
Only the miners with the lowest energy costs and most efficient equipment will survive the once-every-four-years event.
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Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment
Investors remain bullish about crypto in derivatives markets, as the CoinDesk Indices Ether Trend Indicator signals “significant uptrend”
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NFT Lending Is Trending, Raising Concerns of ‘Predatory’ Platform Behavior
Amid an extended crypto winter that has cooled NFT trading, platforms like Blur, Binance and Astaria have introduced new lending options to boost liquidity. While some traders support NFTfi, others say the trend is risky.
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Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted
The companies’ top lawyers testified in a House crypto hearing that they spent months trying to get the SEC to help them comply before being rebuffed.
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The SEC Is Fighting the Last War
SEC chair Gary Gensler wants you to think Coinbase and Binance are the same as FTX and Celsius. They’re not.
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The Petrodollar and Its Discontents Point to Bitcoin's Role in the Financial Future
Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a Bitcoin-like currency do better?
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Bitcoin, Ether Trade at Premiums on Binance.US as Investors Flee Following SEC Actions
The SEC was seeking to freeze assets on Binance.US after suing the exchange and its related global entity Binance.
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To Identify or Not in a Web3 World?
By striking a balance between privacy and identity verification, blockchains can realize their full potential and lure institutional money.
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Bitcoin (Somewhat) Takes Binance Accusations in Stride
As the U.S. government’s fight against crypto intensifies, there is some evidence the industry is weathering it better than past shocks.
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Health and Fitness App Sweat Economy to Vote on 'Reallocating' 2.5B Inactive Tokens
The 2.5 billion “abandoned” SWEAT tokens, which constitute around 13% of the total supply, were allocated to users at the app's conception last September.
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U.S. SEC Enforcement Could Boost Europe's Crypto Chances, Officials Say
EU officials are hoping to tempt crypto innovators as exchange platforms Binance and Coinbase complain of regulation by enforcement in the U.S.
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Crypto Needs to Be Private by Default, Some Consensus 2023 Guests Say
Participants at Consensus 2023 describe the tension between the need for privacy, transparency and regulation in crypto and DeFi in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.
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No More FTXs! Consensus 2023 Attendees Discuss Future of Crypto Custody
FTX's collapse reignites the self-custody debate with Consensus 2023 attendees in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.
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First Mover Americas: Bitcoin Shows Resilience Amid SEC Lawsuits Against Binance, Coinbase
The latest price moves in crypto markets in context for June 7, 2023.
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Kim Kardashian EMAX Suit to Proceed as Court Considers Updated Complaint
A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint.
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Research Shows Majority of Pepe Investors Caught in High-Stakes Game of Musical Chairs
The majority of investors do not stand to gain from Pepecoin's herculean rise, indicating a limited window for potential gains.
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Crypto Tokens' Status as Securities or Commodities Is Key to SEC's Binance, Coinbase Suits: Bernstein
Regulation of the industry has become a political debate and a turf battle between the SEC and CFTC, the report said.
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Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet
The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday.
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Bitcoin, Dogecoin Lead Bounce in Crypto Majors Day After Record 8-Month Liquidations
Crypto markets added 3.3% to overall capitalization in the past 24 hours as some opined the recent SEC filings could strengthen bitcoin's value proposition among investors.
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U.S. Lawmakers Urge IRS, Treasury to Hurry Crypto Tax Rules
Congressmen Brad Sherman and Stephen Lynch called the industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations on reporting requirements.
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SEC’s Binance.US Probe Started in 2020, Court Filings Show
The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as it seeks to freeze company assets.
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Stablecoin Issuer Circle Receives Digital Token License in Singapore
The issuer of USDC received in-principle approval in November last year.
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Cathie Wood's ARK Buys $21.6M Coinbase Shares as SEC Suit Sends Stock Tumbling
The purchase took ARK Invest's total Coinbase holdings to 11.44 million shares.
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U.S. Court Tells SEC to Respond to Coinbase's Rulemaking Petition Within a Week
A U.S. judge has ordered the SEC to respond to Coinbase’s rulemaking petition or explain why it shouldn’t.
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First Mover Asia: Why Did Bitcoin Regain $27K? ‘No One Is Surprised by Gensler’s Actions,’ Crypto CEO Says
ALSO: Why Binance's alleged co-mingling of assets isn't the same as FTX's alleged co-mingling of assets.