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Binance Coin is Going to Zero as the SEC Clamps Down on Crypto Exchanges but Eco Friendly Project Ecoterra Just Hit $4.8 Million – What's Going On?
7.6.2023
As the aftermath of the seismic SEC v. Binance lawsuit sinks in, crypto markets are reeling at the mass enforcement move by the SEC which has raised major red flags around big projects such as BNB, SOL, MATIC, and ADA.
Among the worst hit, BNB suffered a sudden -17% cascade as traders took stock...
Today in Crypto: US Court Orders SEC to Respond to Coinbase's Rulemaking Petition Within 7 Days, Circle Gets Its Singapore MPI Licence, Cathie Woods Uses Drop in Coinbase Stock Price to Stock Up
7.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: US Court Orders SEC to Respond to Coinbase's Rulemaking Petition Within 7 Days, Circle Gets Its Singapore...
U.S. SEC Enforcement Could Boost Europe's Crypto Chances, Officials Say
7.6.2023
EU officials are hoping to tempt crypto innovators as Binance and Coinbase complain of regulation by enforcement in the U.S
Investor loses $2.8 million in Atomic wallet hack – This AI crypto could help prevent future hacks
7.6.2023
In a startling incident highlighting the inherent risks associated with the cryptocurrency ecosystem, ZachXBT reports that an investor lost a staggering $2.8 million in the Atomic Wallet hack. This unfortunate event serves as a reminder to install robust security measures to protect user assets....
Bitcoin Trading at Premium on Binance US Amid SEC Lawsuit and Asset Freeze Motion
7.6.2023
As of June 7, 2023, recent data reveals that the value of bitcoin (BTC) is experiencing a premium on the Binance US exchange. The statistics show that on the American crypto trading platform, BTC is trading almost $400 higher for those utilizing the BTC/USD pair. Binance US Witnesses Bitcoin...
Heilpern loves Bitcoin, hates bullshit… was a China state media journo: Hall of Flame
7.6.2023
Layah Heilpern has attracted a big following for her no-bullshit take on Bitcoin. Weirdly, in a former life she worked for China state media
No More Wild West: SEC Introduces New Era for Crypto
7.6.2023
The recent action taken by the US Securities and Exchange Commission (SEC) against major crypto exchanges Binance and Coinbase has made it clear once and for all that the wild west days of crypto are over, according to a Bloomberg columnist.
Writing in an opinion piece on Tuesday, Bloomberg...
Crypto Needs to Be Private by Default, Some Consensus 2023 Guests Say
7.6.2023
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
No More FTXs! Consensus 2023 Attendees Discuss Future of Crypto Custody
7.6.2023
FTX's collapse reignites the self-custody debate with Consensus 2023 attendees in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report
Former Minnesota Vikings Co-Owner Slapped With 75 Month Jail Term for Processing $750M Worth of Crypto Transactions
7.6.2023
U.S. Attorney’s Office for the Southern District of New York announced on June 5 that the former co-owner of Minnesota Vikings, Reginald Fowler, has been sentenced to 75 months in prison for processing more than $700 million of unregulated transactions on behalf of crypto exchanges. Folwer...
Crypto Exchange Bybit Announces AED 1 Million Scholarship Fund at UAE University
7.6.2023
As the regulatory environment in the United States become too hot to handle, cryptocurrency exchanges continue expanding their reach for better business environments. The United Arab Emirates (UAE) presents as one of these greener pastures. One of the most popular exchanges in the world, Bybit,...
SEC lawsuit against Binance and Coinbase unifies the crypto industry
7.6.2023
Blockchain Association CEO Kristin Smith said that while the SEC's approach to regulation is expected due to its anti-crypto stance, it’s still "unacceptable."
Crypto Tokens' Status as Securities or Commodities Is Key to SEC's Binance, Coinbase Suits: Bernstein
7.6.2023
Crypto regulation has become a political debate and a turf battle between the SEC and the CFTC, the report said
The Philippines delays publishing crypto framework
7.6.2023
Despite a tumultuous year, the Philippines’ financial regulator decided not to rush a legal framework on the crypto industry, which was initially planned for late 2022
Bitcoin, Dogecoin Lead Bounce in Crypto Majors Day After Record 8-Month Liquidations
7.6.2023
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
SEC Crackdown Spurs Robinhood to Review Its Crypto Operations
7.6.2023
Popular brokerage firm Robinhood is reconsidering its cryptocurrency offerings after the Securities and Exchange Commission took action against two major digital asset trading platforms earlier this week.
During a meeting focused on digital assets, Dan Gallagher, Robinhood's legal chief and...
U.S. Lawmakers Urge IRS, Treasury to Hurry Crypto Tax Rules
7.6.2023
Congressmen Brad Sherman and Stephen Lynch called the crypto industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations
Russian Investigator Took Over 1,000 BTC in Bribe Money From Hackers, Report
7.6.2023
An investigator working in Moscow has been caught with a record-breaking bribe paid by a hacking group in cryptocurrency. According to a Russian press report, the corrupt official accepted millions of dollars’ worth of bitcoin and saved the digital money for his retirement years....
US Financial Services Committee sets date to discuss future of crypto
7.6.2023
The committee did not disclose all the specific topics for discussion, but the community anticipates that the hearing will address critical issues in the space
Cboe Receives CFTC Approval to Launch Leveraged Crypto Derivatives
7.6.2023
Crypto exchange and clearinghouse Cboe Digital will be able to offer margined bitcoin and ether futures contracts with the approval of the U.S. derivatives markets regulator. This will allow its clients to trade cryptocurrency futures with less collateralized capital upfront. Cboe Wins Regulatory...