Bitcoin News Daily Official TheBitTimes.com

The recent regulatory approval for the international subsidiary of Coinbase comes within a month of getting the NFA nod to offer crypto derivatives services to institutional clients in eligible US states. Coinbase International Exchange, a class F license holder from the Bermuda Monetary Authority (BMA), announced that it has received additional regulatory approval, allowing the platform to offer perpetual futures trading to non-US retail customers. Launched in May 2023, Coinbase International already offered crypto derivates services to institutional clients. With the latest regulatory approval, the crypto platform will begin to offer eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform in the coming weeks. The exchange notified that the Perpetual Futures accounts are maintained by Coinbase Bermuda Limited regulated by the BMA.  The crypto exchange claimed in its announcement that nearly 75% of crypto trading volume comes from the deri...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses Ripple’s latest win against the SEC and what it means for the crypto market. In the latest episode of The Market Report , Cointelegraph analyst and writer Marcel Pechman discusses Ripple’s partial victory against the Securities and Exchange Commission and its impact on the crypto market. Although people traded based on emotion after headlines popped out, the next day, as investors could process what happened, the altcoins gave away half of the gains. On July 13, the United States District Court for the Southern District of New York ruled that Ripple’s XRP (XRP) token is not a security — but only for programmatic sales on digital asset exchanges. The question of sales to institutional investors remains an open case. Moreover, according to a former chair of the Commodity Futures Trading Commission, Timothy Massad, the SEC could appeal the judge’s decision. Therefore, this initial win for Ripple could...

Bitcoin's upward momentum could continue according to Asian stablecoin demand and the BTC futures premium. It might seem like forever and a day ago when the Bitcoin (BTC) price was trading below $18,000, but in reality, it was 40 days ago. Generally, cryptocurrency traders tend to have a short-term memory and, more importantly, they attribute less importance to negative news during bull runs. A great example of this behavior is BTC’s 15% gain since Feb. 13, despite a steady flow of bad news in the crypto market. For instance, on Feb. 13, the New York State Department of Financial Services (NYDFS) ordered Paxos to "cease minting" the Paxos-issued Binance USD (BUSD) dollar-pegged stablecoin. Similarly, Reuters reported on Feb. 16 that a bank account controlled by Binance.US moved over $400 million to the trading firm Merit Peak — which is supposedly an independent entity also controlled by Binance CEO Changpeng Zhao. The regulatory pressure wave continued on Feb. 17 as Th...