Bitcoin’s (BTC) volatility has dropped toward historically low levels thanks to macroeconomic uncertainty and low market liquidity. However, on-chain and options market data alludes to incoming volatility in June. The Bitcoin Volatility Index which measures the daily fluctuations in Bitcoin’s price shows that the 30-day volatility in Bitcoin’s price was 1.52%, which is less than half of the yearly averages…
A United State District Judge has referred a motion requesting the appointment of an independent examiner for bankruptcy crypto exchange FTX to appellate court. In documents filed in U.S. District Court for the District of Delaware on May 30, Judge Colm Connolly said the U.S. Trustee in FTX’s case, Andrew Vara, requested an appeal following bankruptcy court rejecting a motion…
Former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle charges of insider trading brought against them by the United States Securities and Exchange Commission (SEC), the agency announced onMay 30. The brothers were accused of using knowledge of nine crypto assets that would be listed on Coinbase in the future to purchase before listing. The…
Cryptocurrency exchange Binance is reportedly exploring a potential solution to reduce counterparty risk by allowing some of its institutional clients to keep their trading collateral at a bank instead of on the crypto platform, according to Bloomberg. Binance is discussing a proposal to let some customers keep their collateral for margin trading in a bank account, which could reduce counterparty…
The central banks of Hong Kong and the United Arab Emirates have announced plans to strengthen their financial cooperation—and work together on regulating virtual assets. A bilateral meeting was held in Abu Dhabi, with financial infrastructure and cross-border trade settlements also on the agenda. Last month, the UAE’s Securities and Commodities Authority began allowing crypto firms to apply for operating…
On May 30, Air Nippon Airways (ANA), the largest airline in Japan, launched an aeronautical-themed nonfungible tokens (NFTs) marketplace with its subsidiary ANA Neo. Dubbed the “ANA GranWhale NFT Marketplace,” the platform will feature an inaugural collection created by aerial photographer Luke Ozawa. As told by developers: “From May 30, aerial photographer Luke Ozawa’s first digital photo will be converted…
The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation. Source: https://cointelegraph.com/public/index.php/news/what-the-anti-mining-bill-means-for-the-crypto-industry-in-texas
After a long period of unusually low volatility, Bitcoin’s next major price move is likely imminent and could drive BTC to $32,000, according to James Check, the lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cointelegraph. To calculate Bitcoin’s average cost basis – the average…
It’s been a year of retreat and punishing losses for Bitcoin miners—but undeterred, Tether is stepping into the breach. The stablecoin issuer has unveiled plans to invest in “sustainable Bitcoin mining operations” based in Uruguay, and will partner with a licensed company on the ground. The South American country may seem like an unusual choice at first—not least because its…
Stablecoin issuer Tether has announced it will be launching Bitcoin mining operations in Uruguay. In a May 30 announcement, Tether said it planned to start a mining arm in the South American nation “in collaboration with a local licensed company” in addition to investing in Uruguay’s energy production. The stablecoin issuer claimed the venture would utilize renewable energy sources aimed…
