Tuesday, June 28, 2022

Australian Crypto Exchange Banxa Cuts 70 Staff

The publicly traded crypto exchange said the "crypto winter" drove the decision to reduce headcount by about 30%. Source link

Nexo Sends Cease and Desist Letter to Anonymous Twitter Account Accusing It of...

Nexo has issued a public cease and desist order to a Twitter account run by someone with the handle 'Otter.' Source link

First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading; Solana Web3 Phone Faces...

Prior blockchain phones have failed because the market have realized their functionalities are available already via apps that can be loaded onto any old phone; ether stays above $1,200. Source link

Time for Crypto to Make Nice With Regulators

But regulators, working off the old pre-crypto playbook for keeping financial entities in line, instinctively want someone or some entity to be held accountable. That means they can end up favoring the formation...

Grayscale Bitcoin Trust’s ‘GBTC Discount’ Narrows With ETF Decision on Horizon

Grayscale (whose parent company Digital Currency Group also owns CoinDesk) has applied to convert the GBTC into an exchange-traded fund, or ETF. And for months, some traders have been monitoring the discount as...

Why the Crypto Crash Will Accelerate Regulatory Action

In August 2021, the federal banking agencies launched crypto “sprints” and, in the fall of 2021, laid out their agenda for 2022. In November 2021, the President’s Working Group on Financial Markets (PWG),...

Market Wrap: From GBTC Discount to Short Bitcoin ETF, Traders See Reasons for Optimism

It's hard to imagine that data showing traders piling into a trade designed to profit from further bitcoin price declines might be bullish, but that's how some analysts are interpreting the signal. Source link...

With Bitwise and Grayscale Decisions Looming, Spot Bitcoin ETF Approval Hopes Are Running Low

“It seems that it’s no longer a question of ‘if’ but just a question of ‘when’ the SEC will finally approve a spot ETF,” Bradley Duke, co-CEO of the London-based ETF issuer, ETC...

Investors Pile Into Short Bitcoin ETF Betting on Prices to Fall

Investors have piled into a recently launched bitcoin exchange-traded fund (ETF) that's designed to profit from price declines in the cryptocurrency – to the extent that the vehicle is now the second-largest bitcoin-focused...