Dennis 
Crypto exchange Bybit will suspend its services in the UK starting from October 1, in response to new regulations imposed by the Financial Conduct Authority (FCA). The company stated that it is proactively embracing the regulation by pausing its services in the UK. In another development, Binance Holdings, its US counterpart, and CEO Changpeng Zhao … Read more
Coinbase (COIN) Has Recently Held Talks to Buy FTX Europe: Fortune FTX Europe, a financial exchange, has garnered interest from potential buyers due to its licenses for offering lucrative derivatives products, including perpetual futures for bitcoin. Along with Crypto.com and Trek Labs, other parties have expressed interest in acquiring FTX Europe, as it is the … Read more
The Commodity Futures Trading Commission (CFTC) is potentially hindering the growth of prediction markets by utilizing regulatory controls. While the value of betting markets is debatable, the fact that various academics, companies, and even DARPA have recognized the potential of crowdsourcing truth is noteworthy. However, the CFTC’s actions suggest an attempt to eliminate prediction markets … Read more
According to the filing, Congress has evaluated numerous proposals since 2019 to establish a structured and practical framework for crypto assets and their trading platforms. Importantly, none of these proposals aimed to grant exclusive regulatory jurisdiction to the SEC over the cryptocurrency industry. Despite this, the SEC has filed a lawsuit seeking to extend its … Read more
Binance CEO Responds To Rumors That He Received A $250 Million Loan From The Exchange Binance CEO Changpeng “CZ” Zhao has denied claims that he received a $250 million loan from BAM Management. The claims were made in a report following a court filing related to a lawsuit between Binance and the US Securities and … Read more
What The SEC’s Latest Announcement Means For The Crypto Industry The US Securities and Exchange Commission (SEC) has announced plans to take action against more crypto companies that are breaking the law, indicating that the crypto industry may face further challenges. The SEC has already filed lawsuits against major crypto exchanges Binance and Coinbase, and … Read more
The price of Ethereum has experienced a downward correction after failing to break the $1,670 resistance level. It is currently trading below $1,640 and the 100-hourly Simple Moving Average. A key bearish trend line is forming with resistance near $1,640. To see another increase, Ethereum must stay above the $1,600 support zone. If it fails … Read more
DYdX Founder Antonio Juliano in Exclusive Interview Discusses Blockchain’s Migration to Cosmos Layer 2 protocols are expected to become more decentralized in the future, with the sequencers forming a network rather than being controlled by a single operator. Currently, having a single sequencer on layer 2 poses a problem as it is not censorship-resistant. An … Read more
The next Bitcoin halving is set to occur in April 2024, which will cut the production of new coins by 50%. While the halving historically leads to an increase in Bitcoin’s price, it poses challenges for miners who rely on block rewards for revenue. Miners must adapt their strategies to compensate for reduced rewards, focusing … Read more
Why is Litecoin price up today? Litecoin (LTC) has seen a 3.85% increase in price, reaching a three-week high amid a broader cryptocurrency market rally. However, LTC has underperformed the crypto market in 2023, with a 3.85% decline year-to-date compared to the market’s 39% gains. The price increase is attributed to bets of a rate … Read more
