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,…
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,…
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 SEC’s new Crypto Task Force is launching roundtables to reshape crypto regulation, starting March 21, as enforcement cases drop and pro-innovation policies take hold. SEC’s Crypto Roundtables Signal Major Policy Shift The U.S. Securities and Exchange Commission (SEC) has announced a series of roundtables to explore key aspects of crypto asset regulation, with the […] Source: https://news.bitcoin.com/sec-launches-crypto-roundtables-amid-policy-overhaul-big-changes-ahead/
Bitcoin’s (BTC) recent volatility highlights how markets tend to overreact, especially in situations that can escalate, such as trade wars. The 6.5% drop in the S&P 500 since its all-time high on Feb. 19 might seem minor in absolute terms, but the potential earnings impact is more significant. However, derivatives markets suggest Bitcoin’s dip below $83,000 should be short-lived. Traders…
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…
MARA Holdings’ blocks won and Bitcoin production—two major metrics of mining productivity—fell 6% on a month-to-month basis in February, the bitcoin miner said in a press release Tuesday. MARA attributed the declines to increased network difficulty and February’s three fewer operational days than the previous month. MARA’s shares finished at $13.94, up 1.3% despite lingering in negative territory for a good…
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…
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…
It’s not just Bitcoin’s price taking a hit—Bitcoin mining companies in the U.S. are suffering too. The aggregate market capitalization of 14 top U.S. public miners shed 22%—$6 billion—in February alone, analysts at JP Morgan wrote in their latest crypto report. The companies the top investment bank tracks include Core Scientific, Greenidge, and MARA Holdings, among others. JP Morgan’s report…
