The date of October 25, 2023, marks the expiration of approximately 62,600 Bitcoin options contracts, which collectively hold a notional value of around $4.26 billion. This particular expiry is noteworthy not only due to its volume but also because it coincides with the end of the month, making it significantly more impactful than the routine
Crypto
On October 24, 2023, the Pennsylvania House of Representatives made a significant stride in the realm of cryptocurrency by passing House Bill 2481, affectionately dubbed the “Bitcoin Rights” bill. This legislative measure received overwhelming bipartisan support, signaling a growing acknowledgment of the importance of digital assets in the everyday lives of Pennsylvanians. The final vote
The landscape of cryptocurrency regulation in the United States is on the brink of transformation, as indicated by recent statements from Ripple’s CEO, Brad Garlinghouse. In an interview with Bloomberg, Garlinghouse expressed optimism about the potential for a more constructive regulatory environment following the upcoming presidential election. He highlighted the conclusion of the current administration’s
The recent legal saga involving Tigran Gambaryan, a senior executive at Binance, has drawn considerable attention to the intersection of cryptocurrency and regulatory oversight in Nigeria. Initially, Gambaryan was embroiled in a web of serious allegations, including money laundering and tax evasion. These charges, primarily targeting the cryptocurrency exchange itself, placed Gambaryan in a precarious
The recent theft from Radiant Capital has exposed critical vulnerabilities within decentralized finance (DeFi) protocols. This exploit, which resulted in the loss of approximately $52 million worth of cryptocurrency, has raised serious questions about the security measures used in smart contracts. On October 16, the attacker managed to breach the smart contracts of Radiant Capital,
Alex Mashinsky, the former CEO of the cryptocurrency lending platform Celsius, finds himself at a pivotal moment in his legal battles. Scheduled to appear in the United States District Court for the Southern District of New York on November 13, Mashinsky faces multiple charges that could have astronomical consequences on his life and career. These
In recent discussions surrounding Bitcoin, the discourse has taken a sharp turn following comments made by Michael Saylor, the founder of MicroStrategy. Saylor previously suggested that institutional entities like BlackRock and Fidelity may present safer alternatives for holding Bitcoin compared to decentralized self-custody. This statement has ignited a firestorm of criticism, particularly from those within
As of late 2023, XRP has found itself amidst a tumultuous environment, characterized by fluctuating prices and an ongoing legal battle with the SEC. Trading at around $0.52, XRP continues to underperform, reflecting a 15% dip from early January values. This comparative downturn puts it in a precarious position, especially as the broader cryptocurrency landscape
Ethereum, the second-largest cryptocurrency by market capitalization, is currently navigating turbulent waters characterized by increased short-selling activities among traders. The spike in the Estimated Leverage Ratio (ELR) denotes a precarious sentiment within the trading community, where an increasing number of investors are taking positions that bet against Ethereum’s price. This trend not only highlights market
The landscape of cryptocurrency has garnered significant attention over recent years, leading to a heated discussion surrounding its regulation. As the U.S. Securities and Exchange Commission (SEC) continues its rigorous enforcement activities, the agency finds itself at the center of a contentious debate. Gary Gensler, the current chair of the SEC, has consistently defended the
