Bets Against Bitcoin’s Price Are Nearing Record Highs
BTC/USD shorts on Bitfinex are nearing record highs, leaving many to wonder if a short squeeze will occur like it did when the prior mark was set.
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US SEC’s Gensler Releases Another Video Dig at Crypto Industry
“The lack of compliance by these crypto platforms means that you don't have basic investor protections,” Gensler said in his “Office Hours” video series. “These are things like rulebooks and surveillance to prevent fraud and manipulation. Or appropriate custody and segregation of customer assets so they don't get misused or abused or simply become the…
Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of ‘Karma’
Two founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC) will donate "future earnings" to creditors who lost money after its implosion last year, one of them, Kyle Davies, said Monday in a Twitter Spaces hosted by Mario Nafwal.Davies described the plan as a "shadow recovery process," outside the ongoing liquidation proceedings that…
Gemini Exchange Data Is Being Added to CME’s Crypto Indices
news Market data from the Winklevoss twins-founded crypto exchange Gemini is being added to eight crypto indices offered by CF Benchmarks. Formerly called Crypto Facilities, CF Benchmarks’ eight reference products include four indices and reference rates provided for CME Group, which currently offers a bitcoin futures product: the CME CF Bitcoin Reference Rate and CME CF Bitcoin…
Binance Says New York Banks Can Now Use Its Stablecoin After Watchdog Approval
Aug 7, 2020 at 09:45 UTCUpdated Aug 7, 2020 at 09:56 UTCBinance’s USD stablecoin has been green listed by New York’s financial watchdog meaning banks and financial institutions can use the asset without any further regulatory approval. The New York Department of Financial Services (NYDFS) updated its "Greenlist" this week to include Binance USD (BUSD).This…
Binance and Others Are Rushing to Provide Stablecoins to Nigerian Crypto Users
Feb 21, 2020 at 14:50 UTCUpdated Feb 21, 2020 at 15:27 UTCBinance Business Manager Emmanuel Babalola (second from left) at a crypto workshop with traders in Nigeria. (Photo courtesy of Binance)The Nigerian cryptocurrency market may be on the verge of a local bull run, thanks to newly popularized avenues to the global market. Emmanuel Babalola, Binance’s…
Bitcoin Is Poised to Reclaim Crypto’s Spotlight: Berenberg
The sole exception is bitcoin, “which, by virtue of the decentralization stemming from the design of its blockchain protocol, the Securities and Exchange Commission (SEC) and other regulators characterize as a commodity rather than a security,” wrote analyst Mark Palmer.
Open Interest in Bitcoin Futures Hits Yearly High of $12B
A Taipei-based trader at Quantrend Technology, a large market maker on Binance, told CoinDesk in a note that bitcoin has hit the highest level since the collapse of Luna last year, which is also a positive psychological indicator that market sentiment is optimistic.
U.S. Government Allows the Bulk of Voyager-Binance.US Deal to Proceed
Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash,…