Cryptocurrency

Speaking to Cointelegraph at the Permissionless II conference in Austin, Texas on Sept. 11, Peirce said she wouldn’t have expected the SEC to be “this far behind” in finding a solution for a regulatory framework on cryptocurrencies when she joined the commission in 2018. She pointed to countries like Switzerland and Singapore as seemingly ahead of the curve on crypto regulations globally but said they largely couldn’t be compared to the situation in the United States. Continue Reading on Coin Telegraph More

The funds will operate as Blockchain Capital’s sixth early stage fund and its first “opportunity fund,” with the latter serving as an inroad to companies who’ve already secured major funding elsewhere.Continue Reading on Coin Telegraph More

Citi Treasury and Trade Solutions (TTS), which has banking licenses in over 90 countries, has completed two pilots of the service. It worked with Danish shipping company Maersk and an unnamed canal authority on a program that made instant payments to service providers via smart contracts, reducing transaction processing times from days to minutes. The service replaces bank guarantees and letters of credit, the statement said. Continue Reading on Coin Telegraph More

Speaking to Cointelegraph at the Permissionless II conference in Austin, Texas on Sept. 11, Emmer said certain candidates running for office in 2024 may underestimate the impact of issues surrounding crypto and blockchain. He pointed to financial privacy concerns, specifically mentioning government oversight of central bank digital currencies, or CBDCs.Continue Reading on Coin Telegraph More

Meanwhile, Magistrate Judge Zia Faruqui of the U.S. District Court for the District of Columbia issued an order granting the SEC’s motion to unseal or remove the redaction from 18 sealed documents and another nine partially sealed or redacted documents. The partially sealed documents total 117 pages. Among them are internal Binance.US documents, emails and SEC court filings, including the memorandum on Binance.US’s compliance with SEC discovery efforts. Continue Reading on Coin Telegraph More

In the first half of September, the exchange registered a trading volume of merely $115.7 million, a sharp decline compared to $286 million in August. The bulk of this reduction happened after March, when Changpeng Zhao, the founder of Binance, was charged with violations by the US Commodity Futures Trading Commission.The legal issues for Binance.US and Zhao escalated in June when both were sued by the US Securities And Exchange Commission (SEC) for multiple violations. These included misrepresentation of trading controls and oversight on the Binance.US platform. The company is currently defending these charges in court.The SEC’s allegations have had a profound impact on Binance.US’s operations. Following the SEC complaint in June, the exchange lost its banking support and suspended US dollar deposits. It also initiated a series of layoffs, culminating last week with the departure of CEO Brian Shroder and the dismissal of a third of the remaining staff.As of Monday, Binance.US recorded a daily trading volume of approximately $10.5 million according to data from CoinGecko. This is in stark contrast to Coinbase (NASDAQ:COIN) Global Inc., the largest US-based cryptocurrency exchange, which reported a daily trading volume of $948 million.Binance.US, headquartered in Miami, has yet to comment on these developments.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Market participants seem to be buoyant on expectations that the Federal Reserve will not hike rates again this year. The CME FedWatch Tool shows a 58% probability that the Fed funds rate will remain at the current level even in the December meeting.Continue Reading on Coin Telegraph More

Bitcoin traded slightly below $26,700 while ether exchanged hands at $1,630 during Asian afternoon hours on Monday. Both cryptocurrencies showed marginal gains of 0.5% in the past 24 hours. The CoinDesk Market Index (CMI) mirrored this sluggish trend, rising by a mere 0.3%.Crypto futures liquidations were recorded at their lowest since mid-August, amounting to only $48 million. Meanwhile, open interest, which refers to the number of futures contracts, grew by 4%, indicating a subdued market sentiment.Among the major tokens, Toncoin (TON) experienced a drop of 1% over the past day. This decrease is likely due to traders cashing in on the 40% surge last week following Telegram’s announcement that it would integrate a TON-based app on its platform.However, the crypto environment could face some turbulence in the coming days with key decisions looming in traditional markets. “Markets could move nervously in the next few days as we await major data prints from the U.K. and U.S., with both countries’ central banks due to announce new rate decisions later this week,” said Simon Peters, a market analyst at investing platform eToro, in a note to CoinDesk.Peters further noted that despite falling inflation rates in both economies, there are signs that this retreat might not be fully felt yet. He added that like other risk assets, crypto assets are sensitive to rate expectations and any hardening in tone could leave investor sentiment bearish.Analysts at the on-chain analytics platform CryptoQuant highlighted that recent price moves have not impacted the estimated leverage ratio on bitcoin and ether. This ratio, which measures an exchange’s open interest divided by their coins reserve, indicates how much leverage is used by users on average. A flat value suggests low trading interest from futures traders.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More