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☆ Bitcoin rises after SEC sues Coinbase alleging it acted as an unregistered broker
▼ + stars: | 2023-06-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Cryptocurrency prices were slightly higher Tuesday after the Securities and Exchange Commission sued crypto services provider Coinbase. On Tuesday, the SEC filed a lawsuit in New York federal court alleging that Coinbase has been acting as an unregistered broker and exchange. The news came one day after the SEC alleged that Binance, the largest crypto exchange in the world by volume, and its co-founder, Changpeng Zhao, violated securities laws. Since January, the SEC has charged Kraken, Genesis and Gemini Trust with offering unregistered securities to investors. It also issued a Wells Notice to Coinbase earlier this year warning the company of potential securities charges.

Persons: Bitcoin, Ether, Coinbase, Gary Gensler, Polygon's, Binance, Changpeng Zhao, Matt Hougan Organizations: Securities and Exchange Commission, Coinbase, Metrics, SEC, Solana, . U.S, Gemini Trust, Bitwise Asset Management, CNBC Locations: New York, .

☆ Kraken says systems operational after issue with crypto gateways
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: 1 min

June 6 (Reuters) - Cryptocurrency exchange Kraken said on Tuesday that it had resolved an outage that affected several funding gateways including Bitcoin, Ether and ERC20s. "All systems operational," Kraken said on its status page, without giving details on what caused the issue. Kraken had earlier said deposits and withdrawals were delayed, without providing additional details. Reporting by Nilutpal Timsina in Bengaluru; Editing by Andrew Heavens and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Kraken, Nilutpal, Andrew Heavens, Dhanya Ann Thoppil Organizations: Thomson Locations: Bengaluru

June 5 (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry. The SEC crackdown has prompted some crypto companies to increase compliance, spike products, and expand overseas, moves that some marketwatchers said would likely be accelerated by this latest action against the world's largest crypto exchange. In April, the SEC charged crypto exchange Bittrex Inc with operating an unregistered securities exchange, broker and clearing agency, and settled with Kraken in February for $30 million over the exchange's U.S. crypto staking service. Shares of Coinbase (COIN.O) were down 9.1% on the news of the SEC's charges against Binance. Both Coinbase and crypto exchange Gemini launched international exchanges for crypto derivatives in May.

Persons: Binance, Changpeng Zhao, Binance's cryptocurrency, Gary Gensler, marketwatchers, John Reed Stark, Kraken, Bittrex, James Angel, Gemini, Rajeev Bamra, Sinéad Carew, John McCrank, Manya Saini, Hannah Lang, Michelle Price, Leslie Adler, Lisa Shumaker Organizations: U.S . Securities, Exchange Commission, Reuters, SEC, Washington , D.C, Internet, Coinbase Global Inc, Georgetown University, Binance, Inc, Marathon, Mining, Moody’s Investors Service, Thomson Locations: Washington ,, U.S, New York, Bengaluru, Washington

☆ Bitcoin drops below $26,000 after SEC sues crypto exchange Binance
▼ + stars: | 2023-06-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Cryptocurrency prices dropped Monday after the U.S. Securities and Exchange Commission charged Binance, the largest crypto exchange in the world, with violating securities laws. Binance Coin , a token used to pay transaction and trading fees on the Binance exchange, tumbled 9.5%. The declines came after the SEC alleged Binance and its co-founder, Changpeng Zhao, comingled billions of dollars of investor funds with their own and violated securities laws. "Any regulatory action against a major player in the cryptocurrency space creates uncertainty and leads to increased market volatility in the short term. Bitcoin last week capped its worst month of trading since November, finishing May down 7.9% after trading in a narrow range of between $26,000 and $28,000.

Persons: Bitcoin, Binance, Changpeng Zhao, Sam Callahan, Swan Bitcoin Organizations: U.S . Securities, Exchange Commission, Metrics, SEC, Binance, Futures Trading, CNBC, Gemini Trust Locations: bitcoin

☆ Crypto bill from Republicans lays out clear roles for SEC and CFTC
▼ + stars: | 2023-06-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The bill proposes a clearer pathway for the registered offer and sale of digital assets. Crypto exchanges have been calling for regulatory clarity in the wake of expansive enforcement actions that have left companies and developers scrambling to move operations beyond the U.S. Crypto exchanges Coinbase and Gemini have both announced off-shore exchange operations. Coinbase also is engaged in a bruising courtroom battle with the SEC over the very issues that apparently prompted the McHenry-Thompson bill. The crypto exchange received a Wells notice, a warning of impending enforcement action, from the SEC earlier this year. The draft bill will likely be reshaped and modified in coming weeks and months, but it represents a powerful vote of support from two influential Republican members.

Persons: Patrick McHenry, Glenn Thompson, Coinbase, McHenry, Thompson Organizations: Republican, Financial Services, Futures, Securities, Exchange, SEC, Gemini Locations: North Carolina, Washington ,, R

☆ Cryptos have no intrinsic value and trading in them should be regulated like gambling, UK lawmakers say
▼ + stars: | 2023-05-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Trading in cryptocurrencies is akin to gambling and should be treated as such, British lawmakers said. Unbacked tokens like bitcoin and ether aren't underpinned by underlying assets and have "no intrinsic value," lawmakers on the U.K. Treasury Select Committee said in a report published Tuesday. The Treasury committee said it was concerned by government proposals to regulate consumer crypto trading as a financial service. This, lawmakers said, would create a "halo" effect that leads people to believe crypto trading is safe and protected, when this is not the case. Blair Halliday, U.K. managing director for top U.S. crypto exchange Kraken, said: "We fundamentally disagree with the Treasury Select Committee's conclusion that cryptoassets have no intrinsic value.

☆ It’s been a month since the big Shapella upgrade. Here’s how Ethereum has changed since then
▼ + stars: | 2023-05-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

A little over a month ago, Ethereum underwent a major technology upgrade that allowed investors to withdraw their "staked," or locked up, coins on the network for the first time ever. The change, known as Shanghai or Shapella, was meant to bring more liquidity to the network by allowing investors to withdraw their staked assets. The total value of ether staked has risen, while the supply has fallen dramatically. Here's what else has happened in the month since Shapella: 1. So far, however, ETH fees have outpaced the growth in the amount of ether staked, leading to higher yields, he said.

Major players are hoping that the SEC and Washington takes, what crypto watchers see as bluffs, seriously and soften the hard line that regulators have taken on the industry. Coinbase CEO Brian Armstrong said last week that the SEC was on a "lone crusade" with its tough actions against certain crypto companies. "The SEC is a bit of an outlier here," Armstrong told CNBC's Dan Murphy in an interview in Dubai. But he's created some lawsuits, and I think it's quite unhelpful for the industry in the U.S. writ large." "The biggest fear of crypto companies is that regulation will cause panic among crypto investors and prices will go down.

☆ NHL roundup: Panthers win in OT, move Leafs to brink
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +3 min

The Panthers, who lead the best-of-seven set 3-0, would advance with a home win on Wednesday. Florida also got goals from Anthony Duclair and Carter Verhaeghe, and Aaron Ekblad had two assists. Maple Leafs goalie Ilya Samsonov, who stopped eight shots and allowed no goals, was injured 37 seconds into the second period. Kraken 7, Stars 2Matty Beniers, Alex Wennberg, Eeli Tolvanen and Justin Schultz each had a goal and an assist as Seattle defeated visiting Dallas in Game 3 of their Western Conference semifinal series. Five different players scored second-period goals for the Kraken, who took a 2-1 lead in the best-of-seven series.

☆ The business case for green sports stadiums and arenas is growing
▼ + stars: | 2023-04-29 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

A general exterior view of Climate Pledge Arena before the game between the Seattle Kraken and the Carolina Hurricanes on October 17, 2022. Much like the broader world of commercial real estate, arenas, and stadiums have been slowly adopting sustainable practices over the last few decades, from recycling programs to energy efficiency efforts. That led to what has become the Climate Pledge Arena. AMBSE has even created a "playbook" for other stadium operators to follow if they also want to get to zero waste. It's reached a level of critical mass where people have moved past greenwashing, and they're making substantive changes to their business practices," Cannon said.

☆ Cuervo tequila maker Becle narrows sales guidance after profit slump
▼ + stars: | 2023-04-28 | by ( Isabel Woodford | ) www.reuters.com time to read: +2 min

Becle, which produces the popular Jose Cuervo tequilas, now forecasts annual growth in the high single digits, down from a February guidance for "high single digits to low teens." Becle posted a nearly 10% slump in first-quarter net profit this week as price increases failed to cushion negative currency exchange effects, high inflation and supply chain issues in Latin America. Executives on Friday added it was too early to assess the impact of recent price increases in places like Mexico. In afternoon trading, Becle's share price was down nearly 5%. While the industry has struggled with extended shortages of glass, used to bottle spirits, Becle executives said these appeared to be easing and should have limited performance impact for the remainder of 2023.

Amazon is scheduled to report first-quarter earnings after market close Thursday. Last quarter, Amazon Web Services missed estimates, growing 20% in the period, down from 27.5% in the third quarter. They said AWS growth is likely to come in at 13% in the first quarter. Amazon is also contending with decelerating growth in its core retail segment. Even amid the cost cuts, Jassy said Amazon is investing in areas like grocery, health care, its Kuiper internet satellite service and generative artificial intelligence.

☆ NHL roundup: Alexander Kerfoot's OT goal caps Leafs' comeback
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: +3 min

The Maple Leafs hold a 3-1 lead in the series and can clinch with a victory in Game 5 in Toronto on Thursday. The Lightning led 2-0 after a dominant first period and extended their lead to 4-1 through two periods. Alex Killorn had two goals and Mikhail Sergachev had a goal and an assist for the Lightning. Daniel Sprong had a goal and an assist for Seattle, which also got a goal from Will Borgen. William Karlsson and Ivan Barbashev also scored goals for Vegas, which took a 3-1 lead in the best-of-seven series.

☆ Tucker Carlson's texts from the Dominion lawsuit reveal the real Fox News
▼ + stars: | 2023-04-24 | by ( Brent D. Griffiths | Rebecca Zisser | ) www.businessinsider.com time to read: +7 min

Private texts reveal incredible detail about Fox News' inner workings. Among the messages is a thread where Tucker Carlson privately bashes Trump. Top Fox News hosts, including Tucker Carlson, privately insulted Chris Wallace and hatched a plot for a rebellion — November, 16, 2020. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues, including then-"Fox News Sunday" host Chris Wallace, were spared. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues such as then-"Fox News Sunday" host Chris Wallace were spared.

☆ NHL roundup: Golden Knights defeat Jets in 2OT
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +4 min

It was his first career playoff goal. Laurent Brossoit finished with 30 saves for the Golden Knights, who won their 22nd straight playoff game when scoring at least three goals in a game despite blowing a 4-1 lead in the third period. Kyle Connor had a goal and one assist, and Nino Niederreiter, Mark Scheifele and Adam Lowry each scored during the third-period comeback for Winnipeg. The Jets lost All-Star defenseman Josh Morrissey to a lower-body injury after two shifts in the first period following a knee-to-knee collision with Zach Whitecloud. Jaden Schwartz scored twice for Seattle, while Jamie Oleksiak and Matty Beniers also tallied in the franchise's first-ever home playoff game.

The NHL playoffs are in full swing, with 16 teams competing for a chance to play in the Stanley Cup Finals. If you're searching for the latest details on how to watch the NHL playoffs online, we've got you covered. NHL Playoffs live stream quick linksUS: ABC, ESPN, ESPN2, TNT, TBS via Sling Orange + Blue ( $55 $27.50 for the first month)ABC, ESPN, ESPN2, TNT, TBS ( $27.50 for the first month) Watch from anywhere: Use ExpressVPN to stream from Sling TVUse to stream from Sling TV Upcoming games: NHL playoff scheduleHow to watch the NHL playoffs in the USYou can watch the NHL playoffs on ABC, ESPN, ESPN2, TNT, and TBS, with different games spread across each channel. Sling's Orange package is the cheapest way to live stream the NHL playoffs. Though Sling Orange doesn't have ABC, you can add ABC to your package in select cities if you upgrade to the Sling Orange + Blue plan.

☆ NHL roundup: Avs erase 2-goal deficit, edge Kraken
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +3 min

Alexandar Georgiev turned away 27 shots for the Avalanche, who overcame a two-goal deficit and evened the Western Conference series at 1-1. Justin Schultz and Brandon Tanev scored for the Kraken, Yanni Gourde assisted on both goals and Philipp Grubauer made 38 saves. Chandler Stephenson and William Karlsson each finished with a goal and assist and Jack Eichel scored his first career playoff goal for Vegas, which evened the best-of-seven series 1-1. Mitchell Marner added two goals and an assist for the Maple Leafs, who evened the best-of-seven series at one win apiece. William Nylander contributed a goal and an assist and Zach Aston-Reese scored a goal for Toronto.

☆ FTX could relaunch - and one of its former VC backers may lead a $250 million funding round to revive the failed exchange, report says
▼ + stars: | 2023-04-19 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Tribe Capital may lead a $250 million funding round to reboot FTX, according to Bloomberg. Tribe's cofounder Arjun Sethi held talks with the failed crypto exchange in January, sources said. The VC firm and its partners could provide $100 million to fund the relaunch, Bloomberg said. Tribe Capital is considering leading a $250 million fundraising effort to help reboot the failed crypto exchange, Bloomberg said, citing people familiar with the matter. Tribe's proposal in January would relaunch FTX US, FTX Australia, FTX Japan, FTX EU, FTX International and LedgerX, Bloomberg said.

☆ NHL roundup: Lightning rout Leafs in Game 1
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +3 min

Mandatory Credit: John E. Sokolowski-USA TODAY SportsApril 19 - Brayden Point scored twice and the visiting Tampa Bay Lightning defeated the Toronto Maple Leafs 7-3 Tuesday night in the opener of their best-of-seven, Eastern Conference first-round playoff series. Tampa Bay scored the game's first three goals, then scored four straight in the second and third periods to put the game away. Lightning defenseman Victor Hedman left the game in the second period with an injury and did not return. Fox matched his career high for points in a playoff game. Morgan Geekie and Eeli Tolvanen also scored goals for the Kraken, who won their inaugural playoff game against the reigning Stanley Cup champions.

☆ Oh Canada, is this the year the Stanley Cup comes home?
▼ + stars: | 2023-04-15 | by ( Steve Keating | ) www.reuters.com time to read: +5 min

Not since the Montreal Canadiens beat the Los Angeles Kings in 1993 has the Stanley Cup been paraded through a Canadian city, an ego-deflating run of failure that has scarred a generation of fans. After winning the Stanley Cup in 1967, Maple Leafs defenceman Larry Hillman allegedly jinxed the team, saying they would not win it again until the club settled a contract dispute and paid him the $2,400 plus interest he believed he was owed. The Maple Leafs' big misfortune is playing in the same division as the Boston Bruins, who this season set NHL records for wins (65) and points (135), and the Tampa Bay Lightning, Stanley Cup finalists for the last three years. These two teams are once again hurdles that must be cleared on the way to a Stanley Cup. When the playoffs open on Monday, the Oilers will be the first of the Canadian teams to hit the ice, hosting the Los Angeles Kings in Game One of their best-of-seven series.

☆ NHL roundup: Knights wrap up West's No. 1 seed
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +12 min

Reilly Smith, Alec Martinez and Chandler Stephenson scored for the Golden Knights (51-22-9, 111 points), who closed the regular season with an eight-game points streak (5-0-3). Liam O'Brien led the Coyotes with a pair of goals and Nick Schmaltz and added a goal and an assist. The Stars, who are looking to win a division title for the first time since the 2015-16 campaign, are atop the division. The Bruins set NHL records for most wins and most points in a single season. Tage Thompson scored his 47th goal of the season for Buffalo, which improved to 8-2-1 over its last 11 games.

☆ NHL roundup: Claude Giroux reaches 1,000 points in Senators' win
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +5 min

Giroux entered the game with 998 points but reached the milestone before the first intermission. Giroux followed up with a backhand shot at the 9:37 mark for his 34th goal of the season, his 1,001st career point and his 52nd career game-winning goal. Jets 6, Sharks 2Defenseman Erik Karlsson reached 100 points this season but couldn't spark his team to victory as host Winnipeg beat San Jose. Stars 6, Red Wings 1Roope Hintz had a goal and three assists to help Dallas earn a road win over Detroit. Wild 4, Blackhawks 2Marcus Johansson scored two of Minnesota's three goals over the final six minutes in its win over host Chicago.

☆ Ukraine's military intel chief privately warned Bakhmut was 'catastrophic' as he made a gamble to get it under control, leaked documents show
▼ + stars: | 2023-04-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

The disclosure offers a glimpse into Ukrainian decision-making as Russian forces were closing in. Ukrainian soldiers ride atop a tank in the frontline in Bakhmut, Donetsk region, Ukraine, Monday, Feb. 20, 2023. The leaked US intelligence on Bakhmut, which offers insight into high-level Ukrainian decision-making, is only a slice of what the documents contain about Kyiv's military. One document in particular includes information about casualties on each side and indicates that more than twice as many Russian soldiers as Ukrainian soldiers have died fighting. Ukrainian soldiers help a wounded comrade into an evacuation vehicle in the frontline in Bakhmut, Donetsk region, Ukraine, Monday, Feb. 20, 2023.

☆ NHL roundup: Connor McDavid hits 150 points in Oilers' win
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +12 min

Tomas Hertl scored, and James Reimer made 29 saves for the Sharks, who have lost seven straight against the Oilers. McDavid notched his 150th point when he scored with 1:44 left in the opening period for a 2-1 lead. Jesper Bratt scored the lone goal and MacKenzie Blackwood made 38 stops for the Devils, who had won back-to-back games. Avalanche 4, Kings 3Denis Malgin scored two goals for visiting Colorado in a win against Los Angeles. Alex Nylander, Danton Heinen and Evgeni Malkin each scored a goal and Tristan Jarry made 19 saves for the Penguins.

☆ NHL roundup: Wild, Stars seal playoff berths
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +2 min

Despite the defeat, the Wild clinched a playoff berth thanks to the point for the overtime loss plus the Nashville Predators' 5-1 loss to the Dallas Stars. William Karlsson had two assists and Keegan Kolesar also scored for Vegas, while Brossoit finished with 30 saves. Matt Boldy scored his 30th goal of the season and also had an assist and Brandon Duhaime and John Klingberg also scored goals for Minnesota. Jared McCann scored two goals for Seattle, and Morgan Geekie, Ryan Donato and Carson Soucy each had a goal and an assist. Lawson Crouse scored the only goal of the game for the Coyotes, who are 0-6-2 in their past eight games.

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