Derivatives data suggests that Bitcoin’s $39K bounce was a mere blip
BTC price briefly flashed bullish, but derivatives data show bear are in control of January’s $2.3 billion monthly options expiry. Go to Source Powered by WPeMatico
Regulation
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SEC rejects application for Fidelity’s Wise Origin Bitcoin Trust spot ETF
The regulatory body said any rule change in favor of approving the ETF would not be aimed at preventing “fraudulent and manipulative acts and practices” nor would it necessarily “protect investors and the public interest.” Go to Source Powered by WPeMatico
US Unveils Bill Giving Treasury Secretary ‘Unchecked and Unilateral Power’ to Ban Crypto Transactions, Advocate Warns
A new bill introduced in the U.S. has a provision that “would essentially give the Treasury Secretary unchecked and unilateral power” to ban cryptocurrency transactions, warned crypto advocacy organization Coin Center. Treasury Secretary Janet Yellen will be able to prohibit any crypto transactions “without any process, rulemaking, or limitation on the duration of the prohibition.” … Read more
Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela
Sunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for lack of compliance with current regulations. The announcement was made by Joselit Ramirez, superintendent of Sunacrip, who also mentioned the exchanges that are approved by the institution, leaving some big names like Binance off of the list. Sunacrip Tightens Compliance Requirements … Read more
US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors
A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S. Department of Justice (DOJ) … Read more
SEC pushes decision on ARK 21Shares Bitcoin ETF to April 3
The regulatory body said it was “appropriate to designate a longer period” to approve or disapprove of the proposed Bitcoin ETF. Go to Source Powered by WPeMatico
Crypto policy advocacy group warns of ‘disastrous’ provision in a new US bill
According to Coin Center director, the proposed bill would essentially bypass existing checks and balances on the Treasury Secretary’s authority in surveilling financial institutions, including crypto firms. Go to Source Powered by WPeMatico
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem Crypto Project Mark Zuckerberg’s Meta, formerly Facebook, is trying … Read more
Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment
Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange Commission, and the Ministry of Finance. Cryptocurrency Will Be a Means of … Read more
Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban
Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow. Belarus to Keep Favorable Crypto Regulations Officials in Belarus do … Read more