U.S. Doesn’t ‘Need More Digital Currency’ Because It Has the Dollar, Says SEC’s Gensler
Gensler’s comments follow landmark suits filed this week against Binance and Coinbase.Source
Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions to Blockchain Networks
In a new set of experiments Swift will collaborate with major financial market institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group.Source
Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding
Meanwhile’s target audience is U.S. citizens with large BTC holdings, an audience from which it has “seen a lot of early demand.”Source
Bankers Shopping FTX’s ‘Hundreds of Millions of Dollars’ Stake in AI Startup: Report
At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival Claude.Source
Coinbase Violated State Securities Laws With Staking Program, Alabama Regulator Alleges
The crypto exchange is facing scrutiny from a task force of ten U.S. state securities regulators after getting sued by the SEC on the same day.Source
Altcoins Dip Following Second SEC Lawsuit Against Crypto Exchange
The SEC’s lawsuit against Coinbase named thirteen altcoins as securities.Source
SEC Sues Coinbase on Unregistered Securities Exchange Allegations
The U.S. Securities and Exchange Commission (SEC) sued U.S crypto exchange Coinbase on allegations of violating federal securities law, a day after filling a similar suit against Binance.Source
First Mover Americas: Crypto Markets Stay Down Following SEC Suing Binance
The latest price moves in bitcoin (BTC) and crypto markets in context for June 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Optimism-Based Velodrome Token Slides Nearly 8% Ahead of Major Upgrade
Velodrome’s upgrade is slated for June 15 and is a complete overhaul of the protocol.Source
El Salvador’s Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine
The 241 MW site will be powered by wind and solar energy.Source