The Meaning of Community in Crypto Discussed at Consensus 2023
Consensus 2023 participants explored how user-focused design, cultural understanding, and gradual decentralization can drive mainstream crypto adoption
Defiant by Default: Why Regulators Must Understand, Not Police, DeFi
Consensus 2023 visitors discussed DeFi’s growth, its need to comply with regulations, and the challenges of balancing crypto-native concepts with traditional finance requirements.
First Mover Americas: Binance.US Suspends Dollar Deposits
The latest price moves in bitcoin (BTC) and crypto markets in context for June 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Trades at Narrow Discount on Binance.US
News of a possible halt in U.S. dollar withdrawals sparked an increase in bitcoin trading as customers looked to remove their assets from the exchange, one observer said.
Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected
The delays are impairing the miner’s hashrate and bitcoin production.
Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, Official Says
Crypto airdrops and NFTs themselves will not be banned, but using such incentives alongside promotions that encourage people to invest would be, said FCA’s Matthew Long.
EU Governments Friendly to Tough Crypto Bank-Capital Restrictions, Negotiator Says
A deal on new banking laws may be imminent, and will likely treat lenders’ crypto holdings as highly risky.
Hong Kong Monetary Authority to Prepare for Retail CBDC
The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD.
Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move
OKX periodically buys back and burns the tokens to gradually reduce their supply on the open market.
Cardano Developer Rejects SEC Claim Its ADA Token Is a Security
“Under no circumstances is ADA a security under U.S. securities laws,” IOG said.