One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data 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 […]

Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data 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.Publish at: June 06, 2023 at 07:22PM

How AI is Transforming Music Creation in Web3

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data While AI and automation threaten to kill creative jobs, here’s how the Web3 music world is embracing the technology to enhance their craft.Publish at: June 06, 2023 at 06:25PM

Are Centralized Exchanges in the U.S. Doomed?

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data With the SEC’s Binance and Coinbase lawsuits, the agency is signaling it really is now or never to “come into compliance.”Publish at: June 06, 2023 at 05:45PM

How to Build a Compliant Crypto Exchange Post-Coinbase

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data 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.Publish at: June 06, 2023 at 05:15PM

Lightning Data Analytics Firm Amboss Launches New ‘Liner’ Index for Bitcoin Yield

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data 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.Publish at: June 06, 2023 at 05:00PM

How the Metaverse May Revolutionize the Creator Economy

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Consensus 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.Publish at: June 06, 2023 at 03:59PM