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 […]
State of Crypto: Interpreting the Paxos-Binance Tea Leaves
Former Paxos Exec: Regulators Failed to Address Crypto Collapses, Now They’re Going After ‘On-Ramps’
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Jesse Austin Campbell, former head of portfolio management at the firm, says that because regulators did not adequately address the collapses of Celsius Network, Terra Luna and FTX, they are now in pursuit of on-ramps to get to Binance.Publish at: February 15, 2023 at 08:57PM
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
FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The agency issued a cease-and-desist letter on Wednesday.Publish at: February 15, 2023 at 07:21PM
US Judge Orders Bankman-Fried’s Lawyers to Reveal Bond Signer Names
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data A federal judge ruled that the names of Sam Bankman-Fried’s bond co-signers should be revealed after an appeals court did not take up the matter.Publish at: February 15, 2023 at 06:42PM
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
Lido DAO’s Governance Token LDO Jumps on Treasury Proposal
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The largest Ethereum staking service provider’s DAO has issued a vote over what it should do with its $30 million worth of ether.Publish at: February 15, 2023 at 05:49PM
New Lamborghini NFT Collection Revs Up for Release on VeVe
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The digital collectibles will feature the Huracán STO model of the iconic luxury sports car brand with different rarity traits.Publish at: February 15, 2023 at 05:00PM
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 […]