[ad_1] According to a Bloomberg report, crypto exchange Binance is considering ending relationships with U.S. business partners. Allegedly the largest cryptocurrency exchange in the market is weighing the option of delisting tokens from any firms based in the U.S. jurisdiction due to a tightening in regulatory policies by the Securities Exchange Commission (SEC). After the allegations by the SEC that BUSD, a stablecoin pegged to the US dollar, is a security and suing the crypto firm Paxos, the climate between exchanges and the U.S. watchdog has escalated to concern and uncertainty. In addition, the report said that Binance is reassessing…
Author: Ronaldo Marquez
[ad_1] The market-making firm Citadel Securities, owned by Ken Griffin, has recently made a big bet on the crypto-friendly Silvergate Bank, worth $25 million, according to a filing released by the Securities Exchange Commission (SEC) on February 14. According to the SEC file, the market maker hedge fund reported a 5.5% stake in Silvergate for a purchase of $0.01 per share for a total of 1.6 million shares. Silvergate’s Shares Get Their Valentine Valentine’s day has come for Silvergate, the crypto-friendly bank suffering from the tumultuous events in 2022 after the crypto exchange FTX debacle that led to a crisis…
[ad_1] Following the settlement reached by Kraken and its subsidiaries Payward Ventures and Payward Trading with the Securities Exchange Commission (SEC) on February 9, covered by Bitcoinist, Commissioner Hester M. Pierce stated in a report that she disagreed with and dissented with the closure of the crypto exchange’s staking program. The regulator argued that this staking program should have been registered with the SEC as a securities offering. SEC Commissioner Pierce, also known as “Crypto Mom,” argues whether or not registration would have been possible in the current crypto-related climate: An offering like the staking service at issue here raises…
[ad_1] With the FTX crypto exchange debacle in the rearview mirror, the ghosts of the industry’s former leading exchange are still haunting the cryptocurrency market, given the exclusion of this year’s National Football League (NFL) biggest night. Super Bowl LVI was the night for the crypto industry in sports. Starring the commercials of the closing season of the NFL, companies such as FTX, Crypto.com, Coinbase, and eToro raised the flag for the industry at the Mercedes-Benz Stadium in Atlanta, Georgia. This year in Super Bowl LVII, the crypto industry will have no representation in the commercials for American football’s big…
[ad_1] The Bitcoin (BTC) mining and data center hosting company Riot has recently announced its production and operations update for January 2023. It has produced a new all-time high of 740 Bitcoin in the last month. Can the recent reports of eased inflation and the change of tightening policies by the Federal Reserve (FED) in 2023, plus the return of capital to the crypto market, be a sign of the end of the bear market and the renaissance of the new bull cycle? Another Sign Of Recovery For Bitcoin After the reeling collapse of the crypto exchange FTX and the…
[ad_1] The conditions of the cryptocurrency market have changed drastically; according to an analysis by QCP Capital, the options market in its current state makes the crypto industry look like a major crisis, such as the shutdown of crypto exchange FTX after filing for bankruptcy, never happened. Trading desk QCP Capital published observations on the crypto industry, revealing some key points to consider for the coming months. The Crypto Market Comes Back To Life QCP’s analysis points out that Bitcoin (BTC) risk reversals have been trading in positive territory over the past week, which tells us that calls (buys) have…