(Reporting by Lewis Jackson; Editing by Jamie Freed)
U.S.
regulators sued the world’s biggest cryptocurrency exchange this week, alleging Binance inflated trading volumes and diverted customer funds among other claims.
The SEC charged Coinbase with violating securities laws, expanding a crackdown on the crypto sector” class=”blkBorder img-share” />
Coinbase CEO is seen above.
The SEC charged Coinbase with violating securities laws, expanding a crackdown on the crypto sector
The first bitcoin futures ETF was approved in October 2021, helping send the volatile bitcoin to an all-time high of $69,000 in November 2021, and raising hopes that a spot bitcoin ETF would soon be approved.
June 27 (Reuters) – Asset manager Fidelity is expected to file with the U.S.
securities regulator for a spot bitcoin exchange-traded fund, joining other big money managers seeking to launch bitcoin ETFs, the Block reported on Tuesday citing a source familiar with the matter.
Given the extreme levels of volatility, prices do experience severe downward price action. Cryptocurrencies’ prices do not always move up. Conversely, the Binance Futures trading platform makes it possible for traders to speculate on price moving lower and consequently generate profits.
Government bond yields – a proxy for borrowing rates – eased slightly after a European Central Bank (ECB) survey showed euro zone consumers had lowered their inflation expectations.
As a rule, the cost of the computerized resources is higher when contrasted with the exchanging stages, yet the procedure is way easier.
The absolute most generally prevalent expediting trades incorporate CoinMama and CoinBase.
U.S.
regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web 바이낸스 마진 (my company) of deception”, piling further pressure on the world’s biggest cryptocurrency exchange.
The previous year, Polygon acquired the Mir protocol for $400M, eventually enhancing Eth 2.0 scaling possibilities.
Polygon ($MATIC) is a cryptocurrency that will remain in the center of Web3 for years to come.
Crypto investment products are still a tiny part of the overall market.
Excluding grantor trusts – limited to accredited investors – such as the Grayscale Bitcoin Trust, the current crypto ETF market totals about $2 billion, according to MorningStar Direct, less than 2% of overall crypto market.
The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U.S.
securities regulator on alleged violations of securities laws.
Tether is the largest stablecoin that aims to maintain a 1:1 peg with the U.S.
dollar. Tron is the ninth largest cryptocurrency with a $6.3 billion market value, while ether is the largest after bitcoin, with its $210 billion market capitalization.
Bitcoin, the world’s biggest and best-known cryptocurrency, was last up 5.5% on Wednesday at 29,881.00 after hitting a high of $30,755.00.
It is up roughly 81% for the year-to-date.
First, you have opened a trading account in a regulated digital currency platform.
Nowadays, there are many regulated platforms available in the market; some of the famous are Binance, Bitstamp, Coinbase, Kraken, and Shapeshift. You can begin by purchasing the smallest part of it named “Satoshi”(0.00000001BTC) and get familiar with the process of trading. You can start trading after opening your trading account, and they will charge a small fee for the services they are providing.
The beauty of this digital currency is that you do not need to buy the whole Bitcoin to start trading.
The lawsuits against Binance and Coinbase Global have increased fears the crypto market’s ordeal could be prolonged further after the sector was battered by a string of meltdowns including the bankruptcy of FTX, Binance’s biggest competitor, last year.