In the face of growing interest and investment in digital assets, the call for a structured regulatory environment has never been more pressing. Senator Bill Hagerty (R-TN), a prominent member of the Senate Banking Committee, recently introduced a discussion draft aiming to clarify the regulatory landscape surrounding stablecoins. His proposal seeks to harness the full
Options expiry events can be pivotal moments in the cryptocurrency markets. This upcoming Friday, October 11, approximately 18,800 Bitcoin options contracts will expire. With a combined notional value nearing $1.1 billion, these events have substantial implications for market participants. Options contracts provide traders with the ability to speculate on future price movements, but when they
In a recent development that highlights the dynamic nature of the cryptocurrency trading landscape, Binance, the world’s largest cryptocurrency exchange, has made noteworthy changes to its trading options. As of October 11, the platform has introduced trading bot services for three new currency pairs: PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY. This move not only signifies the exchange’s
On October 10, 2023, the U.S. Securities and Exchange Commission (SEC) took a significant step in regulating the burgeoning cryptocurrency industry by charging Chicago-based crypto market maker Cumberland DRW. The SEC alleges that Cumberland has been operating as an unregistered securities dealer since at least March 2018, facilitating over $2 billion in cryptocurrency transactions deemed
Over the past two weeks, the Shiba Inu (SHIB) cryptocurrency has faced significant headwinds, experiencing a troubling decline of approximately 13%. This downturn is primarily attributed to negative sentiment gathering momentum on platforms such as Telegram, coupled with dwindling network activity. Despite a recent minor rebound, SHIB continues to grapple with instability. The current situation
The ongoing legal saga surrounding Binance, the world’s largest cryptocurrency exchange, underscores a complex interplay between global finance and national jurisdictions. The Nigerian Securities and Exchange Commission (SEC) continues to challenge Binance’s practices, leading to the detention of Tigran Gambaryan, the company’s head of financial crime compliance. Since his detention in February, Gambaryan has faced
In a significant development for the cryptocurrency landscape, Arkham Intelligence is gearing up to launch its own crypto derivatives exchange next month, as reported by Bloomberg News on October 11. This announcement has triggered a remarkable 12% increase in the platform’s native token, ARKM, which has already been experiencing a notable uptrend amid the broader
As Bitcoin consistently hovers around pivotal support levels, the cryptocurrency’s market sentiment appears precarious. Recent data from on-chain analytics firm Santiment reveals a concerning influx of Bitcoin (BTC) to exchanges, raising the alarm for potential sell-offs. The movement of more than 30,000 BTC—equating to approximately $1.83 billion—into exchanges within a short time frame illustrates how
Fidelity Investments, a leading player in the global asset management arena, recently reported a significant data breach that has compromised the personal information of over 77,000 customers. This breach, which unfolded between August 17 and 19, 2024, allowed an unauthorized individual to access sensitive data from two customer accounts, raising serious concerns about data security
In the fast-paced world of cryptocurrency and decentralized finance, where understanding the intricacies can prove transformative, the role of a seasoned editor emerges as indispensable. One such figure is Best Owie, who stands as the Managing Editor at NewsBTC. Best exemplifies the profound influence that skilled editorial guidance can have on the dissemination of knowledge
