According to a report from Bloomberg, this issue stems from conflicting agreements between the parties, with one contract advocating arbitration and another supporting courtroom litigation.Continue Reading on Cointelegraph More
Yet, if you thought this rally was all about the much-discussed spot ETF developments, think again. QCP Research suggests that this latest uptick was driven more by broader macro forces. The unexpected twist came from a reduced Treasury Q1 supply estimate and a dovish stance from the Federal Open Market Committee (FOMC), causing bond yields to plummet. This, in turn, sent risk assets, including , skyward.Source: TradingViewDiving deeper, it remains uncertain whether this signals the beginning of a consistent upward trend in both global equity and bonds. While the rally was certainly a sight to behold for crypto investors, the macro backdrop has not fundamentally shifted. The correction seems more of a response to a highly bearish bond sentiment that perhaps was a tad overblown.As the BTC spot price inches upward, there are notable shifts in the derivatives landscape. Perp funding, term forward, as illustrated in Chart 2, along with implied volatility and risk reversals shown in Chart 3, are hitting or maintaining high levels. Those betting on the surge implied by these derivatives are now eagerly awaiting the green light for the spot ETF.Notably, with the announcement of earnings from giants like and Apple (NASDAQ:AAPL) on the horizon, along with the Non-Farm Payrolls (NFP) data release, the market is poised for potential volatility. These events could very well ignite the already heightened implied volatility and call premium.However, it is essential to exercise caution and reflection. QCP Research emphasizes the critical role of spot ETF approval, signaling a significant upward trajectory for Bitcoin. On the flip side, a drastic move from Gensler could send us spiraling back to sub-32K levels.This article was originally published on U.Today More
The J5 members comprise the criminal intelligence communities from Australia, Canada, the Netherlands, the United Kingdom and the United States, which collaborate in the fight against international and transnational tax crime and money laundering.Continue Reading on Cointelegraph More
OpenSea launched in 2017, when NFTs were an innovation. It operates on a model comparable to eBay (NASDAQ:EBAY) and Etsy (NASDAQ:ETSY) and accepts payment in Ether (ETH). It laid off 20% of its employees in July 2022, citing the crypto winter, after which it had a staff of 230, according to press reports at the time. A spokesperson at the pioneering marketplace told Cointelegraph by email:Continue Reading on Cointelegraph More
From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, with November traditionally one of its most volatile months.Continue Reading on Cointelegraph More
The decline in trading volumes suggests an increase in profit-taking activities, with over 81% of Bitcoin investors currently profitable. Despite this, institutional crypto funds have observed their largest weekly inflow in over a year, signaling enduring confidence in Bitcoin among long-term investors.The U.S. Securities and Exchange Commission (SEC) has indicated potential delays in Bitcoin ETF application approvals until 2024. Despite this, there remains strong anticipation for regulatory approval within the crypto community. The Federal Reserve’s decision to hold off on interest rate hikes has not had a positive effect on Bitcoin’s price as some might have expected.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The crux of the matter is whether an arbitrator or judge should determine the controlling agreement. Users have filed a class-action lawsuit, alleging that Coinbase breached California’s false advertising law with the sweepstakes. They argue that the company did not fully disclose the ability to enter the sweepstakes without crypto transactions.Coinbase maintains that its user policies necessitate arbitration for disputes such as these. Despite their appeal for arbitration based on the initial user agreement, a federal judge in California and the 9th US Circuit Court of Appeals have upheld the decision to proceed in court.The case brings into focus Coinbase’s user policies and consumer rights, and it’s worth noting that Coinbase won a previous litigation stage at the Supreme Court in June. As the case unfolds, the Supreme Court’s decision will be pivotal in determining which agreement holds sway – the initial user agreement advocating for arbitration or the sweepstakes-specific agreement calling for court resolution.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
In response to subpoenas issued by several FBI field offices during the past few months, FTX consultants turned over to law enforcement records of specific customers’ trades on the bankrupt crypto exchange. Continue Reading on Cointelegraph More
