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Brian Frye @ CoinDesk · 08/29/2024 10:23 EDT

Art Is Not a Security

NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issued a Wells notice against OpenSea, claiming the NFT platform has violated securities law. Read more

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CoinDesk
CoinDesk Indices, Tracy Stephens @ CoinDesk · 08/29/2024 09:29 EDT

CoinDesk 20 Performance Update: UNI and ICP Lead Gains as Index Climbs 1.1%

Uniswap gained 3.4% and Internet Computer rose 2.8% in overnight trading. Read more

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CoinDesk
Jamie Crawley @ CoinDesk · 08/29/2024 08:23 EDT

First Mover Americas: BTC Regains $60K Following Slide This Week

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 29 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more

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CoinDesk
Danny Nelson @ CoinDesk · 08/29/2024 08:00 EDT

'Pig Butchering' Scams Remain Dangerous Threat in Crypto Markets, Chainalysis Report Says

While other types of illicit activity are growing, scams are the biggest issue, Wednesday's report from the analytics firm said. Read more

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CoinDesk
Amitoj Singh @ CoinDesk · 08/29/2024 07:03 EDT

Banks Using Permissionless Blockchains for Transactions Face Multiple Risks: BIS

Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision said. Read more

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CoinDesk
Amitoj Singh @ CoinDesk · 08/29/2024 06:48 EDT

Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs

Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs. Read more

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CoinDesk
Will Canny @ CoinDesk · 08/29/2024 06:03 EDT

Crypto Market Has Evolved in the Past Year, Canaccord Says

In the last 12 months, the digital assets industry has transitioned from a post-FTX recovery period back to a growth phase, the report said. Read more

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CoinDesk
Amitoj Singh @ CoinDesk · 08/29/2024 05:47 EDT

Indian Court Orders Scam Websites Using Crypto Exchange Mudrex's Name to Be Taken Down

Indian cryptocurrency exchange Mudrex won a court order telling the country's Ministry of Communication to take down as many as 38 websites that were exploiting the company's name to carry out scams. Read more

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CoinDesk
Sam Reynolds @ CoinDesk · 08/29/2024 04:18 EDT

Polymarket Bettors Miss Out on $270K Due to Pavel Durov's Early Release

Bettors were fairly sure the Telegram CEO would be released in September. His release on Wednesday tossed the market on its head. Read more

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CoinDesk
Sam Reynolds @ CoinDesk · 08/28/2024 23:15 EDT

TON Back Online After Second Outage

TON says its core developer team is looking into why the DOGS token continues to crash the chain. Read more

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CoinDesk
Bradley Keoun @ CoinDesk · 08/28/2024 15:00 EDT

Protocol Village: Proof of Play Adds 'Boss' as 2nd Arbitrum Orbit Chain, Lombard Launches LBTC, Dragonfly and Polychain Back Restaking-Powered Stablecoin

Protocol Village: Proof of Play Adds 'Boss' as 2nd Arbitrum Orbit Chain, Lombard Launches LBTC, Dragonfly and Polychain Back Restaking-Powered Stablecoin Read more

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CoinDesk
Bradley Keoun @ CoinDesk · 08/28/2024 14:00 EDT

The Protocol: The Impact of Telegram CEO's Arrest on TON Blockchain

Blockchain analysts are reminding investors how closely the messaging app Telegram, whose just-arrested CEO Pavel Durov awaits a hearing in a French court, is intertwined with the fate of TON blockchain and its native cryptocurrency, toncoin. ALSO: What's up with Vitalik's DeFi diss? Read more

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CoinDesk
Ben Schiller @ CoinDesk · 08/28/2024 13:51 EDT

OpenSea Gets SEC 'Wells Notice' – Industry Reaction

Rounding up commentary on the SEC's latest enforcement action. Will all NFTs be treated as securities? Read more

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