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Paradigm Backs Prediction Market in Legal Battle Against CFTC
8.2.2024
Paradigm has stepped up to back Kalshi in its legal battle against the Commodity Futures Trading Commission (CFTC), defending the right to offer prediction markets in the U.S. Congressional elections, and arguing for the critical role such markets play in risk management and information...
US and UK Financial Regulators Discuss Effective Crypto Oversight
7.2.2024
The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets. US-UK Financial Regulatory Working Group Discusses Crypto Regulation...
OFAC Blocks Venezuelan Gold Business, Warns About Upcoming Oil Sanctions
2.2.2024
The Office of Foreign Assets Control (OFAC) has revoked the license of Minerven, the Venezuela-owned gold company, for commercializing gold in international markets. The sanctions on Minerven, which were eased in October, will be applied again on February 13, with oil and gas sanctions reported...
Polygon Labs Execs Outline Regulatory Framework to Combat Illicit Activity in Defi
31.1.2024
A paper prepared by two Polygon Labs executives and a former Financial Crimes Enforcement Network (FinCEN) director presents a framework to combat illicit activity in decentralized finance (defi) markets. The document proposes three different classes for defi platforms, including platforms...
TD Cowen Sees Slim Chances for Spot Ethereum ETF in 2024
30.1.2024
TD Cowen doesn’t expect a Spot Ethereum ETF will be approved anytime soon, citing “no upside” for SEC Chair Gary Gensler. Following Bitcoin spot fund approvals, an Ethereum spot ETF is the next expected milestone in crypto markets. On Monday, analysts led by Jaret Seiberg said they do not expect...
How Thoreum Outpaces BTC in Price Growth Throughout Bull and Bear Markets
26.1.2024
In the exhilarating world of cryptocurrencies, where fortunes are made and lost in the blink of an eye, Thoreum emerges as a beacon of stability and growth, offering compelling reasons why it outshines even the mighty Bitcoin (BTC) as the premier store of value token. This in-depth analysis delves...
Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses
24.1.2024
Gold bug and economist Peter Schiff has warned of deeper losses for spot bitcoin exchange-traded funds (ETFs), emphasizing that they are “now in bear markets.” Referencing the Proshares Bitcoin Strategy ETF which is down more than 50% in over two years, Schiff predicted that those...
Ethereum Technical Analysis: Bearish Trends Dominate Across Multiple Timeframes
22.1.2024
Similarly to bitcoin’s action, the second largest crypto asset by market cap, ethereum, has seen some market turmoil and a distinct downtrend. As of Jan. 22, 2024, ether has shown a notable decrease, registering a 3.3% drop in 24 hours and a 5.7% decline over the past week. Ethereum...
Immediate Innovault Review – Scam or Legitimate Trading Software
19.1.2024
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content Traders frequently cease trading due to substantial losses resulting from a lack of education in financial markets. Immediate Innovault purports to address this issue, serving as a platform...
Spot Bitcoin ETFs Would Reduce Power of Whales and Increase Stability: Nansen Analyst
19.1.2024
The cryptocurrency landscape is poised for a major change with the recent approval of spot Bitcoin (BTC) exchange-traded funds (ETFs). Aurelie Barthere, Principal Research Analyst at Nansen, believes the approval will specifically impact crypto whales, who control a large share of the current token...
Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies
17.1.2024
Tether, the issuer of the stablecoin USDT, has blasted the findings of a United Nations Office on Drugs and Crime study which ignore the stablecoin’s “role in helping developing economies in emerging markets.” According to Tether, the stablecoin’s use of public...
Best Crypto to Buy Today January 15 – SUI, BNB, TON
15.1.2024
With the Sui price surging 11.88% as the network’s total value locked exceeds $326 million, SUI is positioning itself as one of the best crypto to buy today along with BNB and TON, which are seeing bullish price action amid overall optimism in crypto markets. Beyond these leading names...
Crypto Titans are Strategically Piling into This Dark Horse Token – 14-Day Countdown Begins
11.1.2024
Crypto titans have taken an interest in Launchpad XYZ’s presale offering early access to its AI-powered crypto trading platform. Image by hiddencatch, Adobe Stock. Accurately predicting price movements has long been the holy grail for investors and traders across all markets. But volatility...
XRP Price Prediction as Bitcoin ETF Goes Live – Will XRP Get an ETF Next?
11.1.2024
The XRP (XRP) price predictions remain bearish in the short term as spot Bitcoin ETFs go live in major US financial markets. The XRP price was last around $0.60, roughly flat on the day. The cryptocurrency earlier found strong resistance at its 21 and 50DMAs, which reside at $0.6060 and $0.6160...
FX Review 2024: Sees top executive shifts at Markets.com, IG, and more
8.1.2024
Traders and investors are coming back from their vacations. Meaning, the foreign exchange market, or as it is popularly called, the FX market, will soon start gaining traction. It is too early to predict how the year will unfold, as the Russia-Ukraine and Israel-Hamas wars continue unabated....
Veteran Trader Peter Brandt Issues Scam Proprietary Trading Platform Warning
31.12.2023
According to Peter Brandt, legitimate proprietary trading firms neither charge fees on traders nor impose “restrictions on trading style or markets.” The veteran trader branded as scams any prop firm that fails to adhere to the operating conditions that he outlined. Legitimate Prop...
Lawmaker Raises Red Flags Over Hong Kong’s Stablecoin Regulation Proposal
27.12.2023
A Hong Kong lawmaker expressed worries that new stablecoin regulations could disrupt crypto markets. Image by mehaniq41, Adobe Stock. Today, Hong Kong’s financial authorities—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)—unveiled their plan...
People’s Bank of China Stresses on Global Regulation for Crypto and DeFi Markets
22.12.2023
Source: Eagle/Adobe China’s central bank has called on global financial authorities to regulate the digital asset and decentralized finance (DeFi) markets in its recent financial stability report. The People’s Bank of China released a report on Dec 22 highlighting a regulatory pathway for local...
Worldcoin Discontinues its Orb Verification Services in India, Brazil and France
21.12.2023
Source: Pixabay Worldcoin, the controversial startup led by Sam Altman, has announced plans to discontinue its Orb-verification service in India, Brazil, and France. The decision follows just months after the company’s expansion of its helmet-shaped eyeball-scanning verification device, known...
Russia-China CBDC Payments May Debut in 2024 – Moscow
15.12.2023
Source:Iliya Mitskavets/Adobe A top Russian politician says that Moscow and Beijing could begin using their CBDCs – the digital ruble and digital yuan – to make payments as early as 2024. Per the news agency Tass, the comments came from Anatoly Aksakov, the head of the State Duma Committee on...