Binance derivatives market share shrinks to 2020 levels as CEX trading slumps

Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8. In a letter sent to United States Attorney General Merrick Garland, Senators Elizabeth Warren and Chris Van Hollen asked the Justice Department to investigate whether Binance made…

The United Kingdom's Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets. 112 Total views 32 Total shares Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent…

Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index. 2209 Total views 9 Total shares The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over…

We have all heard hundreds of stories about the life-changing money being made in the crypto space. Anonymous Twitter traders regale us with tales of turning $1,000 into millions in a matter of months, flipping altcoins and making 100x on investments daily. Moon. Lambo. To the outside observer, this seems like an easy and sure way…

Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors. As such, many crypto miners are highlighting environmentally friendly practices by acquiring carbon offsets. Yet, some would argue that this isn’t enough…

Wire transfers in the world’s largest economy could attract more high-net-worth individuals to crypto.

The crypto license legislation might be the first nationwide crypto-focused regulation. However, various free zones in the country had introduced crypto regulations as early as 2018. 556 Total views 81 Total shares The United Arab Emirates is reportedly planning to issue a federal crypto license for virtual asset service providers by the end of the…

The Crypto Rating Council announced the addition of NY-based CrossTower as its newest member. 380 Total views 10 Total shares Cryptocurrency exchange CrossTower is now part of the Crypto Rating Council, or CRC. They join as the council’s newest member, alongside 11 other industry companies.According to the announcement on June 10, the CRC were pleased…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.Hester Peirce, commissioner at the United States securities regulator, believes that the…