State of Crypto: Interpreting the Paxos-Binance Tea Leaves

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Remember how the U.S. Securities and Exchange Commission’s declaration of war against crypto staking was big news for like two days? This week we’re looking at the other big news from last week: Paxos and the Binance USD stablecoin it issues. The SEC has apparently alleged the sale […]

Bitcoin Soars Past $24K to Reach 2-Week High

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Investors liquidated some $37 million of BTC short positions over the past 24 hours, pushing the price higher Wednesday, data shows. Ether also climbed.Publish at: February 15, 2023 at 08:30PM

Is the SEC Really the Bad Guy?

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data It’s easy to say the SEC is going after the wrong targets in its crypto crackdown. But it’s all a consequence of real failures by the industry, says CoinDesk’s David Z. Morris.Publish at: February 15, 2023 at 06:03PM

Crypto CEOs Need to Accept That Existing Regulations Also Apply to Them

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Coinbase’s CEO thinks the rules that apply to other financial services don’t apply to his multi-billion-dollar financial services company. His ignorance – either intentional or literal – is concerning.Publish at: February 15, 2023 at 05:52PM

Crypto Long & Short: Sorting Out Bitcoin’s P/E Ratio

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data This week, Glenn Williams Jr. taps his equity research analyst background – the land of price-to-earnings ratios and other valuation techniques – to sort out whether bitcoin is under- or overvalued. Then, Jennifer Murphy, the CEO of Runa Digital Assets, puts digital assets into very broad historical context […]