Cryptocurrency news

• Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees

  06-06-2023 23:30 via cointelegraph.com
  
  The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software.
  
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• Life insurer with premiums paid in cryptocurrency - Royal Gazette

  06-06-2023 23:21
  
  Life insurer with premiums paid in cryptocurrency  Royal Gazette
  
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• SEC's Latest Crackdown Could Drive Crypto Firms Out of the U.S.

  06-06-2023 23:19
  
  Companies such as Coinbase and Binance may not want to, but they could be forced to focus their efforts elsewhere.
  
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• Coinbase reminds world it tried to ‘embrace regulation’ as SEC sues for violations

  06-06-2023 23:08 via cointelegraph.com
  
  Coinbase met with the SEC 30 times in 2022 seeking regulatory guidance, and now it will “vigorously defend” itself, it says.
  
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• Bitcoin Crash To $25,800 Sends 6.5% Of Supply Into Loss

  06-06-2023 23:00 via newsbtc.com
  
  On-chain data shows yesterday’s Bitcoin crash from $27,300 to $25,800 alone sent 6.5% of the supply into a state of loss.
  Bitcoin Supply In Profit Shrunk Down To 62.5% Following The Price Plunge
  According to data from the on-chain analytics firm Glassnode, a further 1.26 million coins were lost after the latest price plummet. The relevant indicator is the “percent supply in profit,” which measures the percentage of the total circulating Bitcoin supply currently being held at a
  
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• SEC files motion for restraining order against Binance

  06-06-2023 22:49 via cointelegraph.com
  
  The SEC has accused Binance of mishandling funds and operating an unregistered securities exchange.
  
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• 9 benefits of cryptocurrency in business - TechTarget

  06-06-2023 22:46
  
  9 benefits of cryptocurrency in business  TechTarget
  
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• SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets

  06-06-2023 22:37
  
  The 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.
  
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• The Implications of Growing Cryptocurrency Acceptance for Major Retailers and Companies - Finance Magnates

  06-06-2023 22:25
  The Implications of Growing Cryptocurrency Acceptance for Major Retailers and Companies  Finance Magnates
  
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• Bitcoin Rallies Above $27K as Crypto Market Shrugs Off SEC Lawsuits Against Binance, Coinbase

  06-06-2023 22:24
  
  Cryptocurrencies 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.
  
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• Coinbase CEO responds to SEC suit, says team is ‘confident’ in facts and law

  06-06-2023 22:08 via cointelegraph.com
  
  In a social media post, Brian Armstrong said he thinks the SEC’s rules are unclear and that the courts need to make rulings to clarify them.
  
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• Coinbase CEO responds to SEC suit, says team is ‘confidant’ in facts and law

  06-06-2023 22:08 via cointelegraph.com
  
  In a social media post, Brian Armstrong said he thinks the SEC’s rules are unclear and that the courts need to make rulings to clarify them.
  
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• Bitcoin (BTC) Rollercoaster Ride: Is $23,000 The End Of The Line?

  06-06-2023 22:00 via newsbtc.com
  
  Bitcoin (BTC) has experienced a negative reaction following the SEC’s continued crackdown on the crypto industry. The regulatory body recently filed a complaint against the largest exchange in the industry, Binance, contributing to Bitcoin’s decline. 
  However, there may be a glimmer of hope for the cryptocurrency, as it has managed to recover the $26,000 level. This is an important threshold for Bitcoin, as it must maintain this level if it hopes to continue its uptrend.
  Despite
  
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• Gary Gensler’s Evolving Position on Crypto – in Quotes

  06-06-2023 21:50
  
  The SEC chair has gone from supporting the technology at MIT to a full-swing offensive on the crypto industry.
  
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• Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point

  06-06-2023 21:45 via cointelegraph.com
  
  On-chain data from Glassnode shows market participants averting risk and seeking shelter in stablecoins and BTC as the crypto market nears a decisive move.
  
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• Google Cloud launches free courses to help users build their own GPT-style AI

  06-06-2023 21:40 via cointelegraph.com
  
  The new corpus includes nine courses and a set of labs that students can challenge to earn a Google Cloud skills badge.
  
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• Optimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain

  06-06-2023 21:32
  
  Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times.
  
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• Cardano Founder Unveils SEC Motivation For Suing Binance

  06-06-2023 21:00 via newsbtc.com
  
  The US Securities and Exchange Commission (SEC) sued the world’s largest crypto exchange Binance and its founder for allegedly violating securities laws. 
  In light of this, Cardano founder Charles Hoskinson has expressed his concerns over the SEC’s complaints against Binance. 
  Cardano Founder Analyzes SEC’s Complaints Against Binance
  Charles Hoskinson to Twitter to disclose his belief regarding the recent SEC lawsuit against Binance and its CEO, Changpeng Zhao. The Ca
  
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• Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits

  06-06-2023 20:43
  
  The 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.
  
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• One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto

  06-06-2023 20:42
  
  The 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.
  
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• Small business lending protocol Defactor tokenizes $100M in bonds

  06-06-2023 20:30 via cointelegraph.com
  
  The bonds are tokenized on Polygon using the ERC-3643 token standard.
  
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• New Malware Campaign Leveraging Satacom Downloader to Steal Cryptocurrency - The Hacker News

  06-06-2023 20:21
  New Malware Campaign Leveraging Satacom Downloader to Steal Cryptocurrency  The Hacker News
  
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• House Ag Committee looks at digital assets regulatory bill, Dems ask how to pay for it

  06-06-2023 20:00 via cointelegraph.com
  
  The full Agriculture Committee heard testimony from CFTC chair Rostin Behnam, a full roster of former regulators and Coinbase’s chief legal officer.
  
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• Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers

  06-06-2023 20:00 via newsbtc.com
  
  Coinbase, the leading cryptocurrency trading platform in the United States, has recently found itself embroiled in a legal battle with the US Securities and Exchange Commission (SEC). The SEC filed a lawsuit on Tuesday, accusing Coinbase of operating without proper registration, thereby violating regulations designed to safeguard investors.This lawsuit has sent shockwaves through the crypto market, impacting not only the global cryptocurrency market but also Coinbase’s stock value and trig
  
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• How AI is Transforming Music Creation in Web3

  06-06-2023 19:27
  
  While AI and automation threaten to kill creative jobs, here's how the Web3 music world is embracing the technology to enhance their craft.
  
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• Sequoia Capital announces three-way split to separate China business

  06-06-2023 19:00 via cointelegraph.com
  
  One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches.
  
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• Not Immune To FUD? Binance Sees $1.5 Billion In Outflows In 24 Hours

  06-06-2023 19:00 via newsbtc.com
  
  EThe United States Securities and Exchange Commission (SEC) announced on June 5 that it had sued the largest crypto exchange in the world, Binance, for alleged securities fraud. The announcement triggered a market crash as BNB’s price and others suffered, and users clamored to remove their crypto from the exchange.
  $1.5 Billion In Withdrawals In 24 Hours
  In the 24 hours following the SEC’s announcement, the volume of withdrawals from Binance saw a surge, as expected. According to dat
  
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• Bitcoin price bounces past $26K as Coinbase news fails to shake bulls

  06-06-2023 18:55 via cointelegraph.com
  
  Bitcoin price stages a sudden comeback from its lowest levels since mid-March.
  
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• Lanistar Launches Cryptocurrency Integration in Brazil Through ... - FinanceFeeds

  06-06-2023 18:53
  
  Lanistar Launches Cryptocurrency Integration in Brazil Through ...  FinanceFeeds
  
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• Are Centralized Exchanges in the U.S. Doomed?

  06-06-2023 18:45
  
  With the SEC’s Binance and Coinbase lawsuits, the agency is signaling it really is now or never to “come into compliance.”
  
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• Louis Vuitton To Release $42,000 Physical-Backed NFTs

  06-06-2023 18:43
  
  According to a Vogue Business, the collectibles are being sold as soulbound tokens, meaning they are non-transferable once purchased.
  
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• Coinbase Violated Securities Laws With Staking Program, Multiple U.S. State Regulators Allege

  06-06-2023 18:42
  
  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.
  
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• Cryptocurrency CFDs and Its Risks - Business News This Week

  06-06-2023 18:37
  
  Cryptocurrency CFDs and Its Risks  Business News This Week
  
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• How to Build a Compliant Crypto Exchange Post-Coinbase

  06-06-2023 18:15
  
  Crypto 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.
  
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• Local MSMEs warned against cryptocurrency scams - BusinessWorld Online

  06-06-2023 18:02
  Local MSMEs warned against cryptocurrency scams  BusinessWorld Online
  
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• Lightning Data Analytics Firm Amboss Launches New ‘Liner’ Index for Bitcoin Yield

  06-06-2023 18:00
  
  The 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.
  
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• Haun Ventures Leads $10M Seed Round for Web3 Gaming Studio Argus

  06-06-2023 18:00
  
  Argus also announced the World Engine, an SDK that helps developers build their own blockchain-based gaming ecosystems.
  
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• Bitcoin Slips Below $26,000, Triggers Over $300 Million In Liquidations

  06-06-2023 18:00 via newsbtc.com
  
  The cryptocurrency market experienced a significant jolt as Bitcoin, the largest cryptocurrency by market capitalization, slipped below its previously plateaued threshold of $26,000. This downward movement has led to a surge in total liquidations, with traders losing more than $300 million within a span of 24 hours.The repercussions of this event are reverberating throughout the market, with major exchanges recording substantial liquidation figures.
  Record Liquidations Hit The Market
  The crypto
  
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• Luxembourg Antitrust Authority to Probe Blockchain, Web3 Competition

  06-06-2023 17:26
  
  The market study may be the first of its kind to examine Web3 competition dynamics.
  
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• KAVA Holds In Green Despite Bears Taking Control Of Crypto Market 

  06-06-2023 17:20 via newsbtc.com
  
  The cryptocurrency market has been volatile in the last day, with prices often experiencing significant fluctuations. However, while the market plummets, KAVA coin managed to defy the trend by surging 10% in a single day between June 5 and the early hours of June 6.
  As of the time of writing, KAVA still shows massive network activities as the trading volume depicts a gain of 320% in 24 hours. The significant surge in KAVA’s trading volume and market cap suggests heightened investor in
  
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• Coinbase stock plunges 20% on SEC lawsuit

  06-06-2023 17:20 via cointelegraph.com
  
  The cryptocurrency exchange faces scrutiny from state regulators simultaneous to the SEC litigation.
  
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• SEC sues Coinbase as feds crack down on cryptocurrency companies - CBS News

  06-06-2023 17:10
  
  SEC sues Coinbase as feds crack down on cryptocurrency companies  CBS News
  
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• Is Cryptocurrency Still a Viable Asset Class? - Talk Business

  06-06-2023 17:01
  
  Is Cryptocurrency Still a Viable Asset Class?  Talk Business
  
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• How the Metaverse May Revolutionize the Creator Economy

  06-06-2023 17:01
  
  Consensus 2023 attendees unpack the future ofWeb3 and its implications for creator-first digital economies in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.
  
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• 10 industry insiders’ tips for devs who are new to blockchain coding

  06-06-2023 17:00 via cointelegraph.com
  
  If they start in the right place and leverage the many available resources, devs new to blockchain can become thriving community members.
  
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• If Crypto Wants Institutional Dollars, It Needs an ESG Game Plan: Consensus 2023 Attendees

  06-06-2023 16:58
  
  Attendees 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.
  
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• SEC accuses Coinbase cryptocurrency exchange of breaking US regulations - The Guardian

  06-06-2023 16:47
  SEC accuses Coinbase cryptocurrency exchange of breaking US regulations  The Guardian
  
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• House of Representatives Unveils Cryptocurrency Regulation Bill - ETF Trends

  06-06-2023 16:35
  House of Representatives Unveils Cryptocurrency Regulation Bill  ETF Trends
  
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• Gateway Issues Cause Withdrawal And Deposit Delays For Kraken Exchange

  06-06-2023 16:30 via newsbtc.com
  
  Renowned exchange Kraken is battling issues with its crypto funding gateways, which include BTC, ETH, and ERC-20, as users experienced delays in deposits and withdrawals. 
  On their status page, Kraken informed users that the Kraken Futures platform would not be available for approximately 10 minutes on June 6, 2023, at 10:30 UTC. As such, users cannot carry out financial transactions on the exchange within the specified period. 
  Updates Users Of Payment Delays
  Kraken informed users of
  
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• U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

  06-06-2023 16:22
  
  Gensler's comments follow landmark suits filed this week against Binance and Coinbase.
  
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