The Commodity Futures Trading Commission (CFTC) chair, Rostin Behnam, recently expressed confidence in the agency’s ability to take on more responsibilities in the crypto space. He firmly stated that the CFTC could effectively regulate crypto commodities without “biting off more than it can chew.” Behnam highlighted the existing gap in regulation concerning crypto assets and
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Coinbase recently voiced its objections to the Securities and Exchange Commission (SEC)’s $2.6 billion budget request for the 2025 fiscal year. A representative from Coinbase criticized the allocation of funds towards enforcement, stating that it fails to prioritize real crypto rulemaking which would provide much-needed regulatory clarity. The SEC’s budget request includes a significant increase
The recent price crash of Bitcoin, after briefly hitting $69,000, has left many investors wondering about the future of the cryptocurrency. However, despite this dip, the bulls have managed to hold up support above $67,000, indicating that there is still bullish sentiment prevailing in the market. Many are still optimistic about Bitcoin’s price potential, expecting
The recent influx of short-term traders in the Bitcoin market has brought a new wave of energy and liquidity. These traders are looking for quick profits and are more reactive to price fluctuations, as highlighted in a report by Bitfinex Alpha. While spot Bitcoin ETFs have made it easier for new investors to enter the
Bitcoin price recently experienced a strong increase above the $68,500 resistance zone, even testing as high as $70,000. However, following the Federal Reserve’s decision to keep rates at 5.5%, there was a significant bearish reaction in the market. After failing to sustain above the $70,000 resistance zone, Bitcoin has started to decline once again. The
After the $4.5 billion SEC settlement, Terraform Labs CEO Chris Amani announced that Terra will transition into a community-driven project. Amani emphasized the need for the community to take over ownership of the chain as the company prepares to wind down its operations. He highlighted the intention for certain teams and developers to step in
Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin despite the flagship crypto’s recent setback. In a recent X post, he suggested that Bitcoin could rise as high as $300,000 based on his logarithmic growth channel (LGC) indicator. According to the chart he shared, BTC’s rally to this unprecedented price level
XRP, like many other cryptocurrencies, has recently experienced a temporary recovery in the midst of ongoing market volatility. This recovery comes at a time when the cryptocurrency market is facing fluctuations driven by regulatory developments, market sentiment, and overall industry trends. While the temporary uptick in XRP’s price offers some relief to traders and investors,
The Zimbabwean government has taken a proactive step towards regulating the virtual asset industry by initiating a study to develop comprehensive regulations. This move was reported by the Zimbabwe Mail on June 12, indicating that a committee has been established to gather data from crypto companies operating within the country. The primary goal of this
The copy trading industry is continually evolving, with brokers seeking sophisticated platforms that cater to the diverse needs of their traders. B2Broker is at the forefront of this revolution, introducing B2Copy, a next-gen investment platform that combines copy trading, PAMM, and MAM functionalities. This innovative platform is set to shake up the market and provide