The SEC has accused Binance of mishandling funds and operating an unregistered securities exchange.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Coinbase CEO responds to SEC suit, says team is ‘confidant’ in facts and law
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.
Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point
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.
Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point
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.
Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point
On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout.
Glassnode’s analysis of Uniswap and futures trading volumes reveals that the uptrend that began in the first quarter of 2023 began cooling off in April, with regulatory concerns and a lack of liquidity promoting risk-off tendencies among traders.
The report stated that while it might appear that memecoins caused a surge in Uniswap’s trading volume, a closer look at Uniswap’s pools reveals that the majority of volume was for top cryptocurrencies in Wrapped BTC, Ether (ETH) and stablecoins.
Moreover, sandwich attacks and bot trading accounted for a significant amount of this trading activity. The report read:
“If we take into account that many bots engage in arbitrage or sandwich attacks, the degree of ‘organic’ trading volume on Uniswap may well account for over two-thirds of all DEX activity.”
Small business lending protocol Defactor tokenizes $100M in bonds
The bonds are tokenized on Polygon using the ERC-3643 token standard.
House Ag Committee looks at digital assets regulatory bill, Dems ask how to pay for it
The full Agriculture Committee heard testimony from CFTC chair Rostin Behnam, a full roster of former regulators and Coinbase’s chief legal officer.
Sequoia Capital announces three-way split to separate China business
One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches.
Sequoia Capital announces three-way split to separate China business
One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches.
Sequoia Capital announces three-way split to separate China business
One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches.
Sequoia Capital announces three-way split to separate China business
One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches.
Bitcoin price bounces past $26K as Coinbase news fails to shake bulls
Bitcoin price stages a sudden comeback from its lowest levels since mid-March.
Bitcoin price bounces past $26K as Coinbase news fails to shake bulls
Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators.
BTC/USD 1-day candle chart on Bitstamp. Source: TradingViewAnalyst sees Coinbase news marking BTC price low
Data from Cointelegraph Markets Pro and TradingView tracked an ongoing rebound for BTC/USD, which reached $26,250 on Bitstamp.
The pair had dipped to nearly three-month lows of $25,350 earlier in the day amid news that the U.S. Securities and Exchange Commission was suing exchange Coinbase.
An accompanying press release referred to acting as an unregistered broker “engaging in an unregistered securities offering through its staking-as-a-service program” beginning in 2019.
The move followed legal proceedings against the U.S. arm of the largest crypto exchange, Binance, the day prior, this having a much more pronounced impact on crypto markets.
Coinbase stock plunges 20% on SEC lawsuit
The cryptocurrency exchange faces scrutiny from state regulators simultaneous to the SEC litigation.
Breaking: Coinbase targeted by state security regulators concurrent to SEC lawsuit
The SEC is suing the cryptocurrency exchange for alleged unregistered securities offerings.
Tornado Cash 2.0: The race to build safe and legal coin mixers
Projects are racing to create legal coin mixers that preserve privacy while revealing just enough data to stay on the right side of the law.
Tornado Cash 2.0: The race to build safe and legal coin mixers
Projects are racing to create legal coin mixers that preserve privacy while revealing just enough data to stay on the right side of the law.
Tornado Cash 2.0: The race to build safe and legal coin mixers
When the U.S. government sanctioned coin mixer Tornado Cash, many thought it might spell the end for illicit crypto mixing services. But they’re back — and with a glossy new institutional sheen and legit use cases to help traders and funds keep their market moves a “trade” secret.
Tornado Cash is what is known as a “mixer,” a “coin anonymizer” that breaks the identifying links in blockchain transactions, providing a certain degree of anonymity for users.
The reasons people use coin anonymizers vary from criminality to ideology. Bad actors can use Tornado Cash to hide their naughty deeds, effectively laundering the proceeds of crime and preventing stolen crypto from being traced to them on the blockchain. That’s why the United States Department of the Treasury’s Office of Foreign Assets Control sanctioned the protocol last year.
But there are legitimate reasons for not wanting your every transaction tracked, and supporters argue that Tornado Cash provides important privacy infrastructure. But is it possible to build a privacy-preserving protocol that provides regulators with just enough information to know users are staying on the right side of the law?
Various developers are experimenting with redesigned mixers using ZK-proofs and believe there’s a way to make it happen.
Tornado Cash 2.0: The race to build safe and legal coin mixers
Projects are racing to create legal coin mixers that preserve privacy while revealing just enough data to stay on the right side of the law.
Tornado Cash 2.0: The race to build safe and legal coin mixers
Projects are racing to create legal coin mixers that preserve privacy while revealing just enough data to stay on the right side of the law.