Predicting a market bottom is pretty much impossible, but clever traders use options strategies like the Iron Condor setup to target a particular trading price range. Bitcoin hit a 2022 low at $17,580 on June 18 and many traders are hopeful that this was the bottom, but (BTC) has been unable to produce a daily… More
Bulls placed too much hope on $32,000 flipping to support, an error that is bound to show by Fridayâs $800 million BTC options expiry. Bitcoin (BTC) briefly broke above $32,000 on May 31, but the excitement lasted less than four hours after the resistance level proved to be tougher than expected. The $32,300 level represented… More
Downside pressure for Terraform Labs’ LUNA2 mounts amid investigations and rumors from a “Terra insider.” Terra (LUNA2) reversed a portion of the losses this June 9 as its price per token rose by as much as 67.5% on the day, catching many traders off-guard with their perpetual swap positions.LUNA2 traders are shorting itIn detail, LUNA2’s… More
âIf the law has clauses related to money laundering activities â Anti-Money Laundering activities â thatâs very important for us,” said Panama President Laurentino Cortizo. Laurentino Cortizo, the president of Panama, has said he wonât sign off on a crypto bill recently approved by the countryâs National Assembly without additional Anti-Money Laundering rules.Speaking at the… More
Commenting on the recent market volatility, Fabio Panetta also said stablecoins were still âvulnerable to runs,â just as investing in cryptocurrencies carried certain risks. Fabio Panetta, an executive board member of the European Central Bank, or ECB, has said that a digital euro could come within four years, potentially designed with a person-to-person payment solution.In… More
The absence of a well-defined regulatory landscape sows uncertainty in the crypto industry. What should the regulators do to set things right? Regulatory attitudes toward crypto are constantly evolving, often at a slower pace than the crypto industry itself. Institutions and the broader public will not seriously consider working with cryptocurrencies without clear and comprehensive… More
The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research. The administration of the newly-elected President of South Korea, Yoon Suk-yeol, wastes no time in his drive to maintain the countryâs stature as a center for innovation, as South Korea hopes to roll out comprehensive crypto legislation in 2023… More
“All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete and accurate,” said Kristina Littman. The United States Securities and Exchange Commission, or SEC, has announced that it has settled charges against Nvidia â the company behind graphics cards used by many crypto miners â in regards… More
The move came less than two months after Sheikh Mohammed bin Rashid Al Maktoum established VARA and announced a new legal framework for crypto in Dubai. The Dubai Virtual Asset Regulatory Authority, or VARA, has purchased land in the virtual reality world The Sandbox (SAND) as part of its plans to set up a metaverse… More
“We are going to become the first city in the world to mine Bitcoin here on site at city hall,” said Fort Worth Mayor Mattie Parker. Fort Worth, Texas has launched a pilot program to mine Bitcoin in partnership with the Texas Blockchain Council.In a Tuesday city council meeting, Fort Worth approved a resolution to start running… More
The bank hinted that the OCCâs actions might help establish a regulatory precedent that could encourage other firms in the space to set up federally regulated digital asset banks. The United States Office of the Comptroller of the Currency, or OCC, has said it intends to pursue cease and desist proceedings against cryptocurrency custody bank… More
âWe solemnly call on consumers to […] be vigilant and stay away from NFT-related illegal financial activities,â said the associations. The China Banking Association, the China Internet Finance Association and the Securities Association of China issued a joint statement warning the public about the âhidden risksâ of investing in nonfungible tokens, or NFTs.In a Wednesday… More
According to Bertrand Perez, some lawmakers are still making decisions âtoo fast or without having educationâ on crypto, but Libra may given them a push to develop a framework. Bertrand Perez, chief operations officer of the Web3 Foundation, one of the firms behind the Polkadot blockchain, said a certain level of regulation was necessary in… More
The Financial Conduct Authority named CEX.IO, Revolut, Copper, Globalblock and Moneybrain as companies in the crypto space temporarily allowed to operate in the United Kingdom. The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five. According to a Thursday… More
Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal. The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putinâs âbrutal aggression against Ukraine and its… More
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