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Alabama Securities Regulator Issues Show Cause Order to Coinbase, Joined by 9 Other States, Over Unregistered Securities

[Jun 6, 2023 8:40 AM] After Coinbase was sued by the U.S. Securities and Exchange Commission (SEC), the Alabama Securities Commission (ASC) filed a show cause order against Coinbase and directed the company to show cause on why the firm should not cease and desist from…

Coinbase Shares Slump After SEC Files Suit Against Company

[Jun 6, 2023 8:22 AM] Coinbase’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.

U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

[Jun 6, 2023 8:16 AM] Gensler's comments follow landmark suits filed this week against Binance and Coinbase.

Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions to Blockchain Networks

[Jun 6, 2023 8:04 AM] In 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.

Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding

[Jun 6, 2023 8:00 AM] Meanwhile's target audience is U.S. citizens with large BTC holdings, an audience from which it has "seen a lot of early demand."

Bankers Shopping FTX's 'Hundreds of Millions of Dollars' Stake in AI Startup: Report

[Jun 6, 2023 7:45 AM] At 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.

Coinbase Violated Securities Laws With Staking Program, Multiple U.S. State Regulators Allege

[Jun 6, 2023 7:32 AM] The 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.

Altcoins Dip Following Second SEC Lawsuit Against Crypto Exchange

[Jun 6, 2023 7:19 AM] The SEC's lawsuit against Coinbase named thirteen altcoins as securities.

Coinbase Becomes the Latest Target of SEC: Accused of Unregistered Brokerage and Securities Violations

[Jun 6, 2023 7:13 AM] After the U.S. Securities and Exchange Commission (SEC) sued Binance, it has now filed a legal case against the San Francisco-based exchange, Coinbase. The SEC alleges that Coinbase breached multiple securities regulations and has been functioning…

SEC Sues Coinbase on Unregistered Securities Exchange Allegations

[Jun 6, 2023 6:30 AM] The 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.

First Mover Americas: Crypto Markets Stay Down Following SEC Suing Binance

[Jun 6, 2023 6:01 AM] The 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.

Turbos Finance Introduces Smart Routing for Stablecoins on Sui

[Jun 6, 2023 6:00 AM] The new feature aims to reduce friction for users coming from other ecosystems to Sui and improve liquidity.

Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs

[Jun 6, 2023 3:30 AM] The amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said.

OKX Chooses Nomura-Backed Crypto Storage Firm Komainu as Custodian

[Jun 6, 2023 2:00 AM] OKX is the first client to use Komainu Connect, a regulated settlement and custody system for institutional customers.

Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon

[Jun 6, 2023 2:00 AM] The firm said it is the first bank-owned custodian to offer staking services to institutional clients.

Binance Lawsuit Triggers $700M in Withdrawals; Metaverse Tokens Named by SEC Lead Decline

[Jun 6, 2023 1:35 AM] The unprecedented withdrawals only reflect a small amount of Binance's reserves, according to data from CryptoQuant.

First Mover Asia: Why Did Bitcoin Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

[Jun 5, 2023 6:18 PM] ALSO: 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?

Crypto Traders Suffer $320M Losses in Liquidations as SEC Lawsuit Against Binance Spurs Market Plunge

[Jun 5, 2023 4:29 PM] Cryptocurrency 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.

Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors

[Jun 5, 2023 3:42 PM] The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.

BNB Plunges 9% as Binance Faces Lawsuit, Exchange’s Bitcoin Reserves Record Significant Outflow

[Jun 5, 2023 3:30 PM] Following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance and its founder Changpeng Zhao (CZ), the crypto economy experienced a substantial decline of over 5% against the U.S. dollar, reaching a total…

Optimism 'Bedrock' Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to 'Superchain'

[Jun 5, 2023 3:17 PM] The "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."

Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says

[Jun 5, 2023 3:02 PM] If Coinbase faces charges from SEC, at least 37% of the crypto exchange's net revenue would be at risk, analysts says.

BNB, CAKE Plummet Following SEC Crackdown on Binance

[Jun 5, 2023 2:21 PM] Both are significant tokens in the Binance ecosystem and had their prices drop by more than 8%.

Bitcoin 2023 Was A Demonstration Of The Bitcoin Community’s Resilience And Optimism

[Jun 5, 2023 1:55 PM] Disclaimer: BTC Inc. is the parent company of both Bitcoin Magazine and The Bitcoin Conference.Bitcoin Magazine's Bitcoin 2023 conference in Miami Beach concluded as a resounding success, demonstrating the growing significance of Bitcoin in the…

Crypto Hedge Fund Arca Has Trimmed 30% of Its Staff

[Jun 5, 2023 12:22 PM] Crypto asset manager Arca has cut 30% of its staff amid a continuing bear market and regulatory uncertainty, the company said Monday.

SEC Sues Cryptocurrency Exchange Binance Alleging Violations Of U.S. Securities Laws

[Jun 5, 2023 11:37 AM] The U.S. Securities and Exchange Commission (SEC) has filed a complaint against cryptocurrency exchange Binance, accusing the company of violating federal securities laws.The SEC alleges that Binance, the world’s largest cryptocurrency exchange…

Cryptocurrencies Crash After the SEC Charges Binance With Sale of Unregistered Securities

[Jun 5, 2023 10:55 AM] The SEC on Monday charged the crypto exchange and its CEO with violating a number of securities laws, including offering unregistered securities to the public.

Over 400 Small Businesses In The Philippines Are Now Accepting Bitcoin Payments

[Jun 5, 2023 10:52 AM] Pouch.ph, a bitcoin payment firm launched in 2021, has announced that it is enabling over 400 small businesses to accept and process Bitcoin payments in the Philippines. According to a press release shared with Bitcoin Magazine, the platform aims…

Decentralized Exchange DYdX’s Token Spikes Almost 10% After SEC Sues Binance for Alleged Securities Violations

[Jun 5, 2023 10:39 AM] The surge in DYDX comes as the SEC alleges BNB and BUSD – tokens belonging to centralized exchange Binance – are unregistered security offerings.

Binance Withdrawal On Track to be Largest Since March Crypto Banking Crisis

[Jun 5, 2023 10:26 AM] The world’s largest crypto exchange was sued for multiple securities law violations by the U.S. Securities and Exchange Commission on Monday.