Concordia, now live in public testnet on Aptos, offers a multi-chain risk and collateral management platform for digital assets. Source: https://www.coindesk.com/business/2023/06/16/defi-credit-protocol-concordia-raises-4m-in-round-led-by-tribe-kraken/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tether’s banking relationships were detailed in a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin, in documents obtained by CoinDesk under a Freedom …

crypto traders flock to OTC Source: https://www.coindesk.com/business/2023/06/16/crypto-traders-flock-to-otc-markets-as-exchange-liquidity-dries-up-amid-regulatory-clampdown/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for June 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

Binance is accused of illegally canvassing local customers outside of the legal framework, and for implementing poor money laundering checks. Source: https://www.coindesk.com/policy/2023/06/16/binance-under-investigation-in-france-accused-of-aggravated-money-laundering/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A survey by Nomura’s digital asset subsidiary shows investors overwhelmingly say digital assets represent an important diversification opportunity. Source: https://www.coindesk.com/business/2023/06/16/professional-investors-still-have-an-appetite-for-digital-assets-survey/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown. Source: https://www.coindesk.com/policy/2023/06/16/central-banks-successfully-test-more-than-30-cbdc-use-cases-including-offline-payments/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Total crypto market capitalization rose nominally with dogecoin (DOGE) leading gains among major tokens. Source: https://www.coindesk.com/markets/2023/06/16/bitcoin-shorts-lose-16m-as-blackrock-etf-filing-sparks-bullish-outlook/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The platform will allow for users to set up fully regulated on-chain funds. Source: https://www.coindesk.com/business/2023/06/16/avantgarde-agio-digital-unveil-institutional-onchain-funds-platform/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corp. (FDIC), the U.S. banking regulator ordered late Thursday, complaining the …