Crypto traders are currently displaying a pessimistic outlook on the embattled crypto exchange Binance’s native coin, BNB, in the derivatives market. This negative sentiment comes as Binance continues to face increasing regulatory scrutiny from various global jurisdictions. Regulators from Australia, Europe, and the US have tightened their grip on the crypto exchange, with allegations ranging
The proposed bill to regulate stablecoins in the United States may soon see a breakthrough as Republicans and Democrats are likely to come to an agreement. After initial disagreements between the two parties, it seems that both sides are now aligned on the need for comprehensive regulation around stablecoins. This article will explore the recent
The current state of the Bitcoin market suggests that the price could potentially drop below $29,000 in the near future. On July 13, Bitcoin encountered difficulties in breaking above $31,800, leading to a 6.3% correction down to $29,700 on July 17. This downward trend reflects the concerns of investors regarding ongoing regulatory developments and macroeconomic
The Financial Stability Board (FSB) has recently finalized its global regulatory framework for crypto-asset activities. This framework aims to address the intrinsic volatility and structural vulnerabilities of crypto-assets and related players. It also acknowledges the potential risk that collapses in the industry can have on the broader financial market. To mitigate this threat, the FSB
National Australia Bank (NAB) has recently taken steps to address the growing issue of cryptocurrency scams in the country. Over the last four months, NAB blocked over A$270 million in customer payments that raised scam concerns, highlighting the severity of the problem. These scams predominantly involved transactions to crypto platforms, but the bank did not
Cryptocurrency exchange Binance, one of the largest in the industry, has announced a reduction in employee benefits, citing a decline in profit margins. This decision comes as a result of the challenging market environment and regulatory climate that has negatively impacted the company’s bottom line. Effective June 19, Binance employees will no longer receive mobile-phone
Wall Street Memes, the prominent retail investing community, is making waves in the cryptocurrency world with its highly anticipated $WSM token. Born out of the 2021 movement where small investors rebelled against big institutions, Wall Street Memes has gained a massive following of 1 million users across various social media platforms. This growing community has
Bitcoin (BTC) hitting the $30,000 mark has proven to be the most popular “buy” level ever, according to recent on-chain data analysis. Crypto analytics firm Glassnode reveals that a significant amount of BTC was traded near the current spot price, indicating strong demand for the largest cryptocurrency in the market. The data shows that $30,200
Terra Luna Classic (LUNC) has recently captured the attention of investors, showcasing a bullish trend with a nearly 4% increase in the last 24 hours and an impressive 8% surge over the past seven days. The renewed sentiment surrounding LUNC has been further fueled by the recent disclosure of LUNC holdings by the Binance CEO,
Cathie Wood’s Ark Invest made another move in the market last week, selling 478,356 shares of Coinbase valued at $53 million. This follows the previous sale of 135,152 Coinbase shares worth $12 million just a week earlier. The investment management firm seems to be reducing its exposure to the crypto exchange, taking advantage of the