Category: Cryptocurrency News

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The U.S. Securities and Exchange Commission (SEC) is moving to abandon a proposed rule that would have required certain cryptocurrency firms to register as alternative trading systems (ATS), according to acting Chair Mark Uyeda. SEC Shifts Stance on Crypto Regulation The decision, Reuters reported on Monday, marks a shift from the agency’s 2022 effort under […]

Coinbase announced on March 10 that it plans to offer 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures to US residents. The exchange is also launching perpetual futures trading with long-date expirations. According to Coinbase, much of the current crypto derivatives market takes place outside of US borders, with American traders having to navigate fixed hours and expiring contracts, “which can create inefficiencies.”Futures are a type of derivative that involves creating a contract to buy or sell an asset at a certain price and date. When the futures lack a date for the buying and selling of an asset, they are called perpetual futures, or “perpetuals” for short.Regulatory uncertainty surrounding crypto perpetual futures has led many exchanges to disallow US residents from trading such products. In its announcement, Coinbase said it is working with the Commodity Futures Trading Commission for clarity. The agency oversees the trading of perpetuals for commodities to ensure these products “meet regulatory requirements.”Related: US Bitcoin reserve ups volatility, futures recoilThe crypto derivatives market reached $1.3 trillion in monthly trading volume in September 2023, according to Alpha Point, significantly exceeding the spot crypto market. For centralized derivatives, non-US markets lead in trading volume.Coinbase faces competition in US derivatives marketCoinbase’s new services face competition from various companies, including the CME Group, a US derivatives exchange with $6.1 billion in revenue in 2024. In the last quarter of 2024, the CME Group clocked an average daily trading volume of $10 billion for crypto derivatives. However, the derivatives are only available for trading six days a week.In a February 2024 earnings call, Lynn Martin, CME’s chief financial officer, said crypto derivatives were among the “contracts that we saw the largest increases [in] this year.”Coinbase may also face competition from rival Robinhood, which announced in January its own plans to offer Bitcoin and Ether futures. Coinbase already offers a crypto derivatives trading option for US residents on Coinbase Financial Markets.Magazine: Opinion: Coinbase and Base: Is crypto just becoming traditional finance 2.0?

Coinbase announced on March 10 that it plans to offer 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures to US residents. The exchange is also launching perpetual futures trading with long-date expirations. According to Coinbase, much of the current crypto derivatives market takes place outside of US borders, with American traders having to navigate fixed hours and expiring contracts, “which can create inefficiencies.”Futures are a type of derivative that involves creating a contract to buy or sell an asset at a certain price and date. When the futures lack a date for the buying and selling of an asset, they are called perpetual futures, or “perpetuals” for short.Regulatory uncertainty surrounding crypto perpetual futures has led many exchanges to disallow US residents from trading such products. In its announcement, Coinbase said it is working with the Commodity Futures Trading Commission for clarity. The agency oversees the trading of perpetuals for commodities to ensure these products “meet regulatory requirements.”Related: US Bitcoin reserve ups volatility, futures recoilThe crypto derivatives market reached $1.3 trillion in monthly trading volume in September 2023, according to Alpha Point, significantly exceeding the spot crypto market. For centralized derivatives, non-US markets lead in trading volume.Coinbase faces competition in US derivatives marketCoinbase’s new services face competition from various companies, including the CME Group, a US derivatives exchange with $6.1 billion in revenue in 2024. In the last quarter of 2024, the CME Group clocked an average daily trading volume of $10 billion for crypto derivatives. However, the derivatives are only available for trading six days a week.In a February 2024 earnings call, Lynn Martin, CME’s chief financial officer, said crypto derivatives were among the “contracts that we saw the largest increases [in] this year.”Coinbase may also face competition from rival Robinhood, which announced in January its own plans to offer Bitcoin and Ether futures. Coinbase already offers a crypto derivatives trading option for US residents on Coinbase Financial Markets.Magazine: Opinion: Coinbase and Base: Is crypto just becoming traditional finance 2.0?

Join @AndreasFRHA and @poojaranjan19 as we unpack #RIP7759 – the proposal to standardize Layer 2 transaction fees! Learn how this boosts transparency & efficiency across the #Ethereum ecosystem. Tune in now: https://open.spotify.com/episode/7v7qdqktRklAvlHXnSZm0A?si=9tvo_xGqRPK9ImrzG2-Eyw Full Video Podcast: https://youtu.be/j0epnbOy-2g?si=5bhF8rMjv2SGrh7z Podcast edited by @oceansofmilk #education #podcast #ERC submitted by /u/AkashKshirsagar [link] [comments]

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Mine’s £1800/$2300. It’s a sad day but I’m hopeful and will continue to DCA. Stay strong folks! 🙏 submitted by /u/ADHdoer2000 [link] [comments]

The Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6. This followed a debate in which State Senator Charles Schwertner, who introduced the bill, argued that it would help Texas add a valuable and scarce asset to its balance sheet. Amid fears of Bitcoin (BTC) contending against the US dollar as a global reserve currency, Pro-Bitcoin lawmakers argued that Bitcoin was similar to gold and a hedge against inflation. If SB-21 is enacted, Texas will be the first state in the US to have a digital asset reserve. However, the governor must still sign the bill before it becomes law. Continue readingNew York bill aims to protect crypto investors from memecoin rug pullsNew York lawmakers introduced a bill to protect crypto users from memecoin rug pulls, where insiders abandon a project after investors have purchased their token. These scams usually end up with token prices plummeting, causing millions in losses to crypto investors. On March 5, Assemblymember Clyde Vanel introduced the legislation to establish criminal penalties for offenses that involve “virtual token fraud.” This explicitly targets deceptive practices associated with crypto. Fideum co-founder and CEO Anastasija Plotnikova told Cointelegraph that scams and rug pulls should be more thoroughly regulated. “In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” Plotnikova added.Continue readingSEC’s Crypto Task Force to host roundtable on crypto security statusThe Crypto Task Force of the US Securities and Exchange Commission will host a series of roundtables to discuss the “security status” of crypto assets, with the first set for March 21. Crypto Task Force lead Commissioner Hester Peirce said she is looking forward to “drawing the expertise of the public” to develop a workable framework for crypto. The roundtable series is called the “Spring Sprint Toward Crypto Clarity,” and the first topic of discussion is dubbed “How We Got Here and How We Get Out — Defining Security Status.” Continue readingUtah’s Senate passes Bitcoin bill — but scraps key provisionUtah lawmakers passed a Bitcoin bill after removing a section that would have allowed its state treasurer to invest in Bitcoin. While the HB230 bill passed the state Senate, it removed a key reserve clause that would’ve authorized the state treasurer to invest in digital assets with a market cap of over $500 billion.The clause passed the second reading but was scrapped in the third and final reading. Still, the bill provides citizens basic custody protections, the right to mine, run a node and stake, among other things.   Continue readingArgentine prosecutor aims to freeze assets in LIBRA memecoin fraud caseArgentine Federal Prosecutor Eduardo Taiano, the lead prosecutor investigating Argentine President Javier Milei’s alleged role in the LIBRA crypto scandal, requested the freezing of almost $110 million in digital assets related to the memecoin case. Taiano also requested the recovery of Milei’s deleted social posts and detailed records of all LIBRA transactions since its launch. The prosecutor aims to reconstruct the financial operations of Feb. 14 and 15, when the project’s trade volume peaked. Continue reading

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