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First Mover Asia: Why Did Bitcoin Regain $27K? ‘No One Is Surprised by Gensler’s Actions,’ Crypto CEO Says
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 7 June 2023, 12:34 amALSO: Why Binance’s alleged co-mingling of assets isn’t the same as FTX’s alleged co-mingling of assets.Read More
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Atomic Wallet Was Breached by North Korean Hackers: Elliptic
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 10:48 pmWallets that siphoned Atomic users’ funds are connected to the known Lazarus group’s addresses, crypto tracing firm said.Read More
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SEC's Latest Crackdown Could Drive Crypto Firms Out of the U.S.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 9:19 pmCompanies such as Coinbase and Binance may not want to, but they could be forced to focus their efforts elsewhere.Read More
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SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 8:32 pmThe U.S. Securities and Exchange Commission (SEC) asked a court to grant a temporary restraining order to freeze assets tied to Binance.US on Tuesday.Read More
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Bitcoin Rallies Above $27K as Crypto Market Shrugs Off SEC Lawsuits Against Binance, Coinbase
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 8:23 pmCryptocurrencies recovered some of their losses a day after Monday’s sell-off when the U.S. Securities and Exchange Commission sued Binance and deemed multiple altcoins unregistered securities.Read More
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Gary Gensler’s Evolving Position on Crypto – in Quotes
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 7:50 pmThe SEC chair has gone from supporting the technology at MIT to a full-swing offensive on the crypto industry.Read More
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Optimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 7:14 pmDevelopers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times.Read More
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One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 6:26 pmThe U.S. Securities and Exchange Commission (SEC) tore off crypto’s bandage this week, with its back-to-back enforcement actions against two of the most prominent digital assets platforms, Binance and Coinbase (COIN), finally establishing its legal argument against the industry and setting up the future court fights that could decide everything.Read More
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Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 6:22 pmThe U.S. Securities and Exchange Commission sued Coinbase for violating federal securities laws on Tuesday, a day after filing a lawsuit against rival exchange Binance.Read More
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How AI is Transforming Music Creation in Web3
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 5:25 pmWhile AI and automation threaten to kill creative jobs, here’s how the Web3 music world is embracing the technology to enhance their craft.Read More
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Are Centralized Exchanges in the U.S. Doomed?
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 4:45 pmWith the SEC’s Binance and Coinbase lawsuits, the agency is signaling it really is now or never to “come into compliance.”Read More
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Louis Vuitton To Release $42,000 Physical-Backed NFTs
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 4:43 pmAccording to a Vogue Business, the collectibles are being sold as soulbound tokens, meaning they are non-transferable once purchased.Read More
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How to Build a Compliant Crypto Exchange Post-Coinbase
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 4:15 pmCrypto isn’t going anywhere — though Coinbase might — so what the market needs is a fresh start: new exchanges that can avoid the ever-present threat of SEC enforcement by being structured correctly in the first place, writes Preston Byrne.Read More
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Lightning Data Analytics Firm Amboss Launches New ‘Liner’ Index for Bitcoin Yield
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 4:00 pmThe company says the new index dubbed Lightning Network Rate (Liner) could be like Bitcoin’s version of the London Interbank Offered Rate (Libor), a global reference rate for loans. Liner complements Magma, the Lightning liquidity marketplace launched by Amboss last year.Read More
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Haun Ventures Leads $10M Seed Round for Web3 Gaming Studio Argus
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 4:00 pmArgus also announced the World Engine, an SDK that helps developers build their own blockchain-based gaming ecosystems.Read More
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Luxembourg Antitrust Authority to Probe Blockchain, Web3 Competition
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 3:26 pmThe market study may be the first of its kind to examine Web3 competition dynamics.Read More
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How the Metaverse May Revolutionize the Creator Economy
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 2:59 pmConsensus 2023 attendees unpack the future of Web3 and its implications for creator-first digital economies in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.Read More
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If Crypto Wants Institutional Dollars, It Needs an ESG Game Plan: Consensus 2023 Attendees
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 2:58 pmAttendees at Consensus 2023 argue that the crypto industry should embrace ESG and not hide from it in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.Read More
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Coinbase Shares Slump After SEC Files Suit Against Company
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 2:22 pmCoinbase’s stock (COIN) took a major hit on Tuesday after the company was sued by the U.S. Securities and Exchange Commission (SEC) on allegations of violating federal securities law.Read More
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U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 2:16 pmGensler’s comments follow landmark suits filed this week against Binance and Coinbase.Read More
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Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions to Blockchain Networks
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 2:04 pmIn a new set of experiments Swift will collaborate with major financial market institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group.Read More
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Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 2:00 pmMeanwhile’s target audience is U.S. citizens with large BTC holdings, an audience from which it has “seen a lot of early demand.”Read More
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Bankers Shopping FTX's 'Hundreds of Millions of Dollars' Stake in AI Startup: Report
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 1:45 pmAt the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival Claude.Read More
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Coinbase Violated Securities Laws With Staking Program, Multiple U.S. State Regulators Allege
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 1:32 pmThe crypto exchange is facing scrutiny from a task force of 10 U.S. state securities regulators including in Alabama and California after getting sued by the SEC on the same day.Read More
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Altcoins Dip Following Second SEC Lawsuit Against Crypto Exchange
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 1:19 pmThe SEC’s lawsuit against Coinbase named thirteen altcoins as securities.Read More
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EU ‘Crypto Security’ Debate Turns New MiCA Law on Its Head
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 1:00 pmAn EU study published last week has reopened a debate over whether digital assets should be regulated as securities – though lawmakers appear to favor a tailored approach.Read More
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SEC Sues Coinbase on Unregistered Securities Exchange Allegations
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 12:30 pmThe U.S. Securities and Exchange Commission (SEC) sued U.S crypto exchange Coinbase on allegations of violating federal securities law, a day after filling a similar suit against Binance.Read More
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First Mover Americas: Crypto Markets Stay Down Following SEC Suing Binance
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 12:01 pmThe latest price moves in bitcoin (BTC) and crypto markets in context for June 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Read More
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Turbos Finance Introduces Smart Routing for Stablecoins on Sui
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 12:00 pmThe new feature aims to reduce friction for users coming from other ecosystems to Sui and improve liquidity.Read More
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Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 9:30 amThe amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said.Read More
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Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 8:00 amThe firm said it is the first bank-owned custodian to offer staking services to institutional clients.Read More
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OKX Chooses Nomura-Backed Crypto Storage Firm Komainu as Custodian
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 8:00 amOKX is the first client to use Komainu Connect, a regulated settlement and custody system for institutional customers.Read More
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Binance Lawsuit Triggers $700M in Withdrawals; Metaverse Tokens Named by SEC Lead Decline
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 7:35 amThe unprecedented withdrawals only reflect a small amount of Binance’s reserves, according to data from CryptoQuant.Read More
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First Mover Asia: Why Did Bitcoin Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 6 June 2023, 12:18 amALSO: Lido’s stETH token has become the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko. What’s behind its ascent?Read More
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Apple's New Headset Could Change the Way We Design the Metaverse
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 10:54 pmApple on Monday announced its Vision Pro headset, which it says “seamlessly blends digital content with the physical world.” What could this mean for the future of Web3?Read More
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Crypto Traders Suffer $320M Losses in Liquidations as SEC Lawsuit Against Binance Spurs Market Plunge
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 10:29 pmCryptocurrency prices nosedived Monday as the U.S. Securities and Exchange Commission (SEC) sued the crypto exchange and its chief executive for multiple federal securities law violations.Read More
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Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 9:42 pmThe insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.Read More
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Optimism 'Bedrock' Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to 'Superchain'
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 9:17 pmThe “Bedrock” upgrade will improve the usability of the chain by lowering gas fees and cutting deposit-confirmation times by 90% – pitched as a key step toward the Optimism network’s goal of becoming a “Superchain.”Read More
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Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 9:02 pmIf Coinbase faces charges from SEC, at least 37% of the crypto exchange’s net revenue would be at risk, analysts says.Read More
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Binance Lawsuit Could Be ‘Huge Mistake’ or Bring Needed Clarity to U.S. Crypto Industry
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 8:27 pmThe Securities and Exchanges Commission’s (SEC) suit against the biggest crypto exchange in the world, Binance, could be a huge misstep if other countries allow the crypto industry to develop and it eventually replaces the traditional banking sector, Jim Bianco, president and founder of Bianco Research said.Read More
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BNB, CAKE Plummet Following SEC Crackdown on Binance
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 8:21 pmBoth are significant tokens in the Binance ecosystem and had their prices drop by more than 8%.Read More
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Crypto Hedge Fund Arca Has Trimmed 30% of Its Staff
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 6:22 pmCrypto asset manager Arca has cut 30% of its staff amid a continuing bear market and regulatory uncertainty, the company said Monday.Read More
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Cryptocurrencies Crash After the SEC Charges Binance With Sale of Unregistered Securities
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 4:55 pmThe SEC on Monday charged the crypto exchange and its CEO with violating a number of securities laws, including offering unregistered securities to the public.Read More
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Decentralized Exchange DYdX’s Token Spikes Almost 10% After SEC Sues Binance for Alleged Securities Violations
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 4:39 pmThe surge in DYDX comes as the SEC alleges BNB and BUSD – tokens belonging to centralized exchange Binance – are unregistered security offerings.Read More
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Binance Withdrawal On Track to be Largest Since March Crypto Banking Crisis
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 4:26 pmThe world’s largest crypto exchange was sued for multiple securities law violations by the U.S. Securities and Exchange Commission on Monday.Read More
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Coinbase Shares Drop 10% Following SEC’s Suit Against Binance
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 4:25 pmShares of Coinbase (COIN) were down 10% after news broke that the Securities and Exchanges Commission (SEC) sued Binance on allegations of violating federal securities law on Monday.Read More
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The Lightning Network Doesn’t Fix Everything Wrong With Bitcoin
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 4:21 pmAnd that’s okay.Read More
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SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 3:15 pmThe U.S. Securities and Exchange Commission is suing crypto exchange Binance, Binance.US and its CEO, Changpeng “CZ” Zhao on allegations of violating federal securities laws.Read More
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Virtual Reality Tokens Surge 8% as Traders Await Apple's VR Headset Release
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 3:12 pmCryptocurrency’s virtual reality sector has surged by almost 8% over the past 24 hours as investors anticipate Apple’s VR headset reveal on Monday.Read More
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Optimism-Based Velodrome Token Slides Nearly 8% Ahead of Major Upgrade
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 5 June 2023, 2:24 pmVelodrome’s upgrade is slated for June 15 and is a complete overhaul of the protocol.Read More