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The U.S. Securities and Exchange Commission (SEC) sued U.S. crypto exchange Coinbase (COIN) on allegations of violating federal securities law. This comes a day after the agency filed a similar lawsuit against Binance. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest.

Jun 6, 2023

According to Nansen data, 67% of new non-fungible token (NFT) mints in May are profitable. Separately, Dune Analytics notes a declining number of monthly active traders this year on Opensea, the largest NFT marketplace, amid increased weekly volume on Blur, an NFT platform geared towards professional traders. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Jun 5, 2023

Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter. "The Hash" panel discusses stablecoin issuer Tether's investment in the project and the state of bitcoin mining around the world.

Jun 5, 2023

The crypto industry’s latest causality occurred over the weekend as nearly $35 million worth of various tokens were stolen from Atomic Wallet, a centralized storage and wallet service. "The Hash" panel discusses privacy and security in the crypto industry.

Jun 5, 2023

The appointment of Richard Teng to oversee Binance’s regional markets outside the U.S. has positioned the one-time Abu Dhabi regulator as the most likely successor to Changpeng Zhao, who founded the world’s largest crypto exchange in 2017. The news came just before the SEC announced a lawsuit against Binance on allegations of violating federal securities laws. "The Hash" panel weighs in on what this means for the exchange.

Jun 5, 2023

The U.S. Securities and Exchange Commission sued crypto exchange Binance, the operating company for Binance.US and Binance founder and CEO Changpeng "CZ" Zhao on allegations of violating federal securities laws on Monday. "The Hash" panel reacts to the developing news.

Jun 5, 2023

The Blockchain Association has filed an amicus brief in an ongoing lawsuit by the think tank Coin Center against the Treasury Department and its sanctions watchdog, the Office of Foreign Asset Control (OFAC). In the suit, filed last October, Coin Center has alleged that OFAC's sweeping sanctions against crypto mixer Tornado Cash harmed Americans and their ability to transact privately using the Ethereum network. Blockchain Association CEO Kristin Smith discusses the move and the state of U.S. crypto regulation. "OFAC can use more targeted sanctions against specific persons... [and] wallets, without sacrificing an entire class of technology," Smith said.

Jun 5, 2023

CoinDesk's 'Consensus @ Consensus' report collates insights from diverse stakeholders, tackling crucial issues from regulation to environmental concerns that shape the crypto world. As Michael J. Casey, CoinDesk's Chief Content Officer, puts it, the report provides an insight into "polemical issues that have been bothering the industry," and fosters dialogue among "investors, regulators, developers, entrepreneurs."

Jun 5, 2023

Leaders of the House Financial Services Committee and House Committee on Agriculture released a draft bill that aims at building a guideline for crypto exchanges to register with the SEC and operate within the United States. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the draft legislation.

Jun 5, 2023

This week, from privacy to regulation to governance and self-custody, CoinDesk is exploring some of the biggest themes and challenges facing the crypto community based on conversations held at Consensus 2023. CoinDesk Chief Content Officer Michael J. Casey shares an overview of the 'Consensus @ Consensus' report and its key takeaways.

Jun 5, 2023