Christy Goldsmith Romero, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has commented on a proposal amending the government body’s Risk Management Program with respect to digital assets. In a June 1 notice, the CFTC said it would be opening a proposed rule change for amendments to its risk management requirements applicable […]
The United States Commodity Futures Trading Commission (CFTC) hasactually provided a personnel advisory letter to signedup derivatives cleaning companies (DCOs) and DCO candidates, advising them of the threats associated with broadening the scope of their activities. The letter from the CFTC Division of Clearing and Risk (DCR) particularly dealtwith digital possessions. Staff advisory letters can […]
A bearish market structure hasactually been pushing cryptocurrencies’ costs for the past 6 weeks, driving the overall market capitalization to its leastexpensive level in 2 months at $1.13 trillion. According to 2 derivative metrics, crypto bulls will have a difficult time to break the sag, even however examining a muchshorter timeframe supplies a neutral view […]
Crypto requires to develop itself as a “brand-new” element of standard financing, rather than shot to capture itself into existing monetary items, recommends the CEO of crypto exchange Bittrex Global. The business’s United States arm justrecently submitted for Chapter 11 insolvency, announcing it meant to return consumer funds and wind U.S. operations. It included it would […]
Since May 12, Ether’s rate hasactually been havingahardtime to sustain its $1,800 assistance level, as financiers face pressures from a gettingworse crypto regulative environment and the Ethereum network’s high gas charges. Also adversely affecting Ether’s (ETH) price are 3 signs signaling minimized need for its decentralized applications (DApps) and a absence of utilize purchasing need from […]
Bitcoin’s rate broke listedbelow its 55-day resistance at $27,000 on May 12, down 12.3% in 30 days. But more significantly, it decoupled from the S&P 500 Index, which is essentially flat from 30 days ago and 15% listedbelow its all-time high. Bitcoin cost in USD (right) vs. S&P 500 futures (left), 12-hour. Source: TradingView As […]
Bitcoin’s cost (BTC) broke listedbelow its 55-day assistance at $27,000 on May12 In result, the two-day, 7% correction to $26,155 triggered $100 million worth of long BTC futures agreements to be liquidated. However, Bitcoin margin and futures markets showed strength throughout the down-move, fueling hope of a healing towards $28,000. Regulatory pressure, morepowerful U.S. dollar […]
For the past 14 days, cryptocurrency markets have been trading within an unusually tight 7.1% range. In other words, investors are unwilling to place new bets until there’s additional regulatory clarity, especially in the United States. The total crypto market capitalization fell by 1% to $1.2 trillion over the seven days ending May 4, primarily […]
The Bitcoin rate effectively safeguarded the $28,000 assistance on May 2, however it has yet to show the strength required to recover the $29,200 level from April30 $30K endsupbeing vital for Bitcoin bulls Some experts will pin the current drop on the expectation of an interest rate boost by the United States Federal Reserve on […]
Ether (ETH) rate hasactually revealed weakpoint after stoppingworking to break above the $1,950 resistance on April26 The subsequent correction drove ETH to $1,810 on May 1, nearing its leastexpensive level in 4 weeks. Curiously, the motion occurred while the First Republic Bank (FRB) was closed by the California Department of Financial Protection and Innovation. Curiously, […]
Decentralized exchange Level Finance has skilled a security breach permitting an aggressor to take more than $1 million of the exchange’s native Level Finance (LVL) token. Level Finance notified its 20,000 Twitter fans that more than 214,000 of the exchange’s LVL tokens hadactually been drainedpipes and switched into 3,345 Binance Coin (BNB), with an approximate […]
Bitcoin (BTC) saw significant volatility inbetween April 25 and May 1, varying inbetween $27,200 and $30,000. From a trading viewpoint, the 10.5% relocation sounds disconcerting, resulting in $340 million in leveraged BTC futures agreement liquidations. However, from a wider angle, Bitcoin cost is up 72% year-to-date in 2023, while the S&P 500 stock market index […]