Binance’s recent announcement to delist certain privacy coins, including Secret (SCRT), Zcash (ZEC), and Dash (DASH), has caused backlash from the three projects. In response to the move, a representative from Dash argued that their network is not focused on privacy and that it is simply a fork of Bitcoin. They explained that all transactions
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Bybit, the cryptocurrency exchange, has halted all its services and products being offered in Canada until further notice due to regulatory developments in the country. The exchange announced on May 30 that Canadian nationals and residents of the country would no longer be able to open new accounts with the exchange starting May 31. Bybit
Coinbase CEO Brian Armstrong expressed his disappointment over the regulatory approach of the US lawmakers towards cryptocurrency. He warned that innovation is shifting to other countries, and restrictive US cryptocurrency policies will benefit countries like China. The Effect of Restrictive Policies on Crypto-Innovation Armstrong wrote in a MarketWatch opinion article that the enforcement of restrictive
The US Commodities and Futures Trading Commission (CFTC) has released a warning related to the clearing of digital assets. The CFTC’s Division of Clearing and Risk (DCR) has seen derivatives clearing organizations (DCOs) and applicants expand their offerings, with some related to digital assets. The DCR has expressed concern about “potentially heightened risks” associated with
The volatility of Bitcoin has drastically decreased, hitting historically low levels due to low market liquidity and macroeconomic uncertainty. The Bitcoin Volatility Index shows that the 30-day volatility was 1.52%, which is less than half of the yearly average values. According to Glassnode, such low volatility levels were only seen for 19.3% of Bitcoin’s price
Peer-to-peer cryptocurrency exchange, Paxful, has announced the appointment of Roshan Dharia as its interim CEO. Dharia, who previously served as a senior executive at TrustToken, will be tasked with strengthening operations and exploring strategic alternatives. In a statement, Dharia expressed his excitement about taking on the role and building on the innovative technology developed by
OKX, a cryptocurrency exchange, has sent over $8.3 million worth of digital assets to Alameda Research over the past seven days. The transfers were made in multiple transactions on May 29 and involved various cryptocurrencies, including Wrapped Bitcoin, Celsius, Shiba Inu, MakerDAO, Chiliz, DAI, Axie Infinity, Magic Internet Money, and others. The top five transfers
The US Securities and Exchange Commission (SEC) has reached a settlement with two individuals, Ishan Wahi and his brother Nikhil Wahi, who were involved in an insider trading scheme at Coinbase. Ishan Wahi, a former product manager at Coinbase, allegedly informed his brother and his friend about upcoming Coinbase listings before they were known to
Solana (SOL) has the potential to become the crypto world’s equivalent of tech giant Apple due to its strong focus on user experience, according to Solana co-founder Raj Gokal. In a recent interview with TechCrunch, Gokal compared Solana to Apple, stating that the Mac and iPhone maker’s “relentless focus on simple interaction” is something Solana
The US Securities and Exchange Commission (SEC) has announced that former Coinbase manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle insider trading charges. The SEC filed a complaint against the brothers in July, alleging that Ishan Wahi provided insider information to his brother and his friend Sameer Ramani about which cryptocurrencies