Monthly archives: July 2024

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Proprietary trading, or “prop trading,” is quickly becoming a famous trend in financial markets. Therefore, to accommodate the growing demand for prop trading among traders and the need for specialised software solutions among brokers, B2Broker introduced …

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US Secretary of the Treasury Janet Yellen said the Treasury is not responsible for ‘quarterbacking’ between the CFTC and the SEC regarding their opposing positions toward crypto regulation. Yellen made the statement during a July 9 hearing before the House Financial Services Committee. Opposing positions House Financial Services Committee Chairman French Hill said that the SEC …

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The sentencing for senior FTX executives Gary Wang and Nishad Singh is set for later this year, as per a July 9 court docket. Wang, former CTO and co-founder of the defunct exchange will be sentenced on Nov. 30. Meanwhile, former engineering director Singh’s hearing is slated for Oct. 30. Judge Lewis Kaplan, who presided …

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The Chamber of Progress, a prominent tech industry coalition, urged President Joe Biden to back comprehensive crypto regulation in an open letter sent on July 9. The letter, penned by Chamber of Progress’ Director of Financial Policy Kyle Bligen, emphasized the urgent need for clear and supportive digital asset policies amid growing adoption and regulatory …

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Onchain Highlights DEFINITION: The sum liquidated volume (USD Value) from long positions in futures contracts. Over the past month, Bitcoin has experienced notable price fluctuations, with the price dropping from around $60,000 in mid-May to below $55,000 by early July. This period saw spikes in futures long liquidations, suggesting significant volatility in the market. Bitcoin: …

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Paxful Inc. co-founder and former CTO Artur Schaback pleaded guilty to conspiracy charges related to failing to maintain an effective anti-money laundering (AML) program on July 8, according to a Department of Justice press release. The DOJ said that Schaback’s negligence turned Paxful into a hub for money laundering, sanctions violations, fraud, romance scams, extortion schemes, …

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Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta revealed on Tuesday. In his speech to the Italian Banking Association, Panetta highlighted that MiCA considers electronic money tokens (EMTs) and asset-reference tokens …

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On July 9, 2024, a dormant bitcoin wallet transferred 149 BTC at block height 851,440 while bitcoin (BTC) was trading just below $58,000. The wallet, created on Nov. 20, 2013, had remained inactive for over ten years and seven months. At that time, bitcoin was valued at $644 per coin, making the entire cache worth …

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According to the latest data, Blackrock’s BUIDL fund on Securitize has surpassed $500 million, becoming the first tokenized money market fund to reach this milestone. This achievement coincides with the value of tokenized U.S. Treasuries reaching $1.81 billion. Half Billion Milestone for Blackrock’s BUIDL Fund This week, Blackrock’s USD Institutional Digital Liquidity Fund, also known …

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