On October 10, the Securities and Exchange Commission (SEC) unveiled a significant action against Cumberland DRW, a Chicago-based crypto market maker, alleging it operated as an unregistered securities dealer. This marked a critical moment in the ongoing legal and regulatory turmoil surrounding the cryptocurrency landscape. According to the SEC’s complaint, Cumberland has executed trades exceeding
admin
The situation surrounding the Nigerian Securities and Exchange Commission’s (SEC) case against Binance, the largest cryptocurrency exchange in the world, exemplifies the increasing complexities of regulatory oversight in the crypto market. The legal troubles escalated when Tigran Gambaryan, Binance’s head of financial crime compliance, found himself entangled in accusations of money laundering and complicity in
The burgeoning field of stablecoins—a digital asset class designed to maintain a stable value—has gained considerable attention from policymakers, particularly in the United States. Recent initiatives from members of Congress highlight the potential of stablecoins to revolutionize payment systems while concurrently addressing the nation’s pressing economic concerns. Senator Bill Hagerty of Tennessee is at the
The world of cryptocurrency is characterized by its volatility, and Ethereum (ETH) is currently facing a crucial juncture that may dictate its trajectory in the near future. Recently, the digital asset attempted to breach the $2,500 threshold but ultimately found itself unable to sustain this breakout, creating a sense of uncertainty among traders and investors
On October 11, a significant event in the cryptocurrency derivatives market took place with the expiration of approximately 18,800 Bitcoin options contracts, amounting to a notional value of around $1.1 billion. This expiry mirrors the previous week’s conditions, highlighting a decline in implied volatility. As the market matures, these expiry events tend to generate lesser
In the dynamic realm of cryptocurrency, few figures stand as prominently as Best Owie, Managing Editor at NewsBTC. With a remarkable journey stretching over six years in the crypto industry, Best has not only established a reputation for producing compelling and insightful content but also a commitment to fostering financial literacy. This article delves into
In a proactive move, South Korea’s Financial Services Commission (FSC) is launching an inquiry into Upbit, the nation’s premier cryptocurrency exchange, as part of an overarching effort to ensure fair practices within the rapidly evolving digital asset market. This investigation is especially pertinent in light of the growing dominance Upbit commands in the cryptocurrency ecosystem,
Bitcoin, the largest cryptocurrency by market capitalization, has recently made headlines due to significant price fluctuations. After a brief surge above $66,000, it has retreated below several crucial support levels, setting the stage for a bear market. The crypto landscape has become increasingly dominated by bearish sentiment, causing investors and analysts alike to reassess their
The world of cryptocurrency, particularly Bitcoin, has been characterized by extreme volatility and fervent investor sentiment. Currently, Bitcoin hovers around the significant $60,000 mark, grappling to maintain its footing in the face of market fluctuations. Although recent prices have dipped, insights from on-chain data reveal a strong divergence in behavior between short-term and long-term investors.
In a pioneering move that aligns with the evolving landscape of digital gaming, Ubisoft, a premier name in the gaming industry, has revealed its inaugural title that incorporates Web3 technologies. Titled “Champions Tactics: Grimoria Chronicles,” this tactical role-playing game (RPG) is set to hit the gaming world on October 23. It will be made available
