Cryptocurrency

This new status enables eligible customers in the United States to access cryptocurrency futures via Coinbase’s platforms.“This is a critical milestone that reaffirms our commitment to operate a regulated and compliant business and be the most trusted and secure crypto-native platform for our customers,” the company said in an announcement.Coinbase filed an application with the NFA for registration as an FCM in September 2021. Nearly two years later, the company received the green light from regulators.“Access to a CFTC-regulated crypto derivatives market is essential to unlocking significant growth and enabling broader participation in the cryptoeconomy.”Coinbase shares rose 5% on the news. More

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The project’s developers have not released anything substantial for quite some time. The immersive gameplay and impressive graphics are not enough to stop the game’s token from plummeting. The same can be said of most GameFi tokens.Continue Reading on Coin Telegraph More

In separate letters dated Aug. 9, House committee Chair Patrick McHenry and 20 other members wrote to SEC Chair Gary Gensler and FINRA president and CEO Robert Cook. The lawmakers questioned the “timing and circumstances” of FINRA approving Prometheum’s SPBD license as they were continuing to consider legislative solutions to regulatory gaps on digital assets.Continue Reading on Coin Telegraph More

Market watchers cite multiple factors behind governments’ push toward CBDCs, from the decreasing use of cash by the general population to geopolitical tensions and events. Whatever the underlying reasons, though, crypto industry players need to keep an eye on developments and consider how the rise of CBDCs could impact the industry and global marketplace. Here, 11 members of Cointelegraph Innovation Circle share their predictions for possible outcomes from the ever-expanding development and introduction of CBDCs.Continue Reading on Coin Telegraph More

BAM Trading, Binance U.S.’ operating company, and BAM Management in a court filing in the US District Court of Columbia said the group had already provided sufficient information to the regulator. The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees and to drop the deposition of BAM’s chief executive and of its chief financial officer, without naming anyone.Binance did not immediately respond to a request for comment, while the SEC declined to comment.U.S. regulators sued Binance and CEO Changpeng Zhao in June for allegedly operating a “web of deception,” listing 13 charges including claims the company artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S. customers from its platform and misled investors about its market surveillance controls.”The SEC has still yet to identify any evidence suggesting that customer assets were misused or dissipated in any way,” the filing said.The SEC has declined BAM’s proposals to meaningfully limit its requests and is opposed to the motion for a protective order, the filing said. More

On August 15, major exchanges such as Binance, Bybit and Bitget jointly listed the network’s native token (SEI). On Binance, the token opened at $0.064 apiece before surging as high as $0.48. It currently trades at $0.18 at the time of publication. The total supply is 10 billion SEI and the initial supply is 1.8 billion SEI. Continue Reading on Coin Telegraph More

This article was originally published on U.Today More