The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says. “Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post. Cumberland said the filing was agreed in principle between Cumberland…
The US Senate has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS). The Senate voted 70 to 27 on March 4 to approve a motion to repeal the rule that would expand existing IRS reporting requirements to include decentralized exchanges and require brokers to disclose…
Bitwise’s executives have criticized the U.S. crypto reserve’s inclusion of ETH, XRP, SOL, and ADA, arguing bitcoin alone is a true reserve asset. Bitwise Reacts to Trump’s Crypto Reserve—Did Altcoins Just Weaken the Plan? Many leaders in the cryptocurrency industry, including executives at asset management firm Bitwise, have voiced their opinions on the U.S. crypto […] Source: https://news.bitcoin.com/bitwise-criticizes-us-crypto-reserve-for-including-xrp-sol-ada/
The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says. “Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post. Cumberland said the filing was agreed in principle between Cumberland…
Cryptocurrency derivatives traders suffered more than $1 billion in liquidations in the past 24 hours as fears of a looming trade war sent markets tumbling, according to data from CoinGlass. More than 87% of liquidations came from long positions after a volatile start to March that saw double-digit losses on March 4 erase similarly large gains from only days earlier,…
A Manhattan federal court judge has delayed the US government’s case against former Terraform Labs CEO Do Kwon after prosecutors requested more time to review another four terabytes of evidence. In a March 3 order, Judge Paul Engelmayer moved a hearing slated for March 6 to April 10 after the prosecutors said in a Feb. 27 letter that they anticipated…
Cryptocurrency derivatives traders suffered more than $1 billion in liquidations in the past 24 hours as fears of a looming trade war sent markets tumbling, according to data from CoinGlass. More than 87% of liquidations came from long positions after a volatile start to March that saw double-digit losses on March 4 erase similarly large gains from only days earlier,…
El Salvador’s President Nayib Bukele has publicly refuted terms laid out by the IMF to secure a $1.4 billion December loan agreement, just days after the global financial watchdog announced new requirements that seek to apply pressure to the Central American nation. “‘This all stops in April.’ This all stops in June.’ This all stops in December.’ No, it’s not stopping,”…
Cryptocurrency derivatives traders suffered more than $1 billion in liquidations in the past 24 hours as fears of a looming trade war sent markets tumbling, according to data from CoinGlass. More than 87% of liquidations came from long positions after a volatile start to March that saw double-digit losses on March 4 erase similarly large gains from only days earlier,…
El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for an extended arrangement under its $1.4 billion fund facility to El Salvador, which called on the country’s public sector to stop voluntarily accumulating Bitcoin (BTC). “No, it’s…
