Market maker Citadel Securities has recommended that the Securities and Exchange Commission tighten regulations on decentralized finance when it comes to tokenized stocks, causing backlash from crypto users. Citadel Securities told the SEC in a letter on Tuesday that DeFi developers, smart-contract coders, and self-custody wallet providers should not be given “broad exemptive relief” for…
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The US state of Connecticut has hit Robinhood, Kalshi and Crypto.com with cease and desist orders, accusing the platforms of offering unlicensed sports betting through event contracts. The Connecticut Department of Consumer Protection (DCP) sent letters to the three platforms on Wednesday, claiming they were “conducting unlicensed online gambling, more specifically sports wagering,” with event…
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Bitcoin is seeing renewed optimism of a recovery, as crypto market analysts are eyeing six figures for the cryptocurrency as it gained above $92,000 after a fall to $84,500. “This is what you’d want to see. [Bitcoin] coming back up again, after a weird move down on the 1st of this month,” MN Fund founder…
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A crypto analyst argues maximum pain for Bitcoin this cycle will be a fall to $55,000, based on technical indicators — rather than $35,000 as some predict. A fall to $35,000, as predicted by some, would involve a retrace of 72%. It has happened before. Bitcoin fell by 77% from a high of $69,000 in November…
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Japanese government bond yields have jumped to their highest level in decades, prompting some analysts to speculate that it could be behind the recent crypto market sell-off on Sunday. Japan’s 10-year government bond yield hit 1.86% on Monday, its highest level since April 2008, according to MarketWatch. Yields in the 10-year bonds have almost doubled…
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Bitcoin failed to break key resistance over the weekend and slumped almost 5% in just three hours on Sunday. The asset had spent most of the weekend trading around $91,500, where it appeared to be consolidating toward the end of the month, but suddenly declined to $86,950 on Coinbase, according to Tradingview. The almost 5%…
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Bitcoin is likely to close November at its worst loss since at least 2019, but analysts say it sets the cryptocurrency up for a good start to 2026 as some investors could buy back in. “While November will be printing in the red for crypto, the capitulation signals an opportunity for smart investors to start…
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The South African Reserve Bank says it doesn’t see a need for a central bank digital currency in the near term, instead saying the country should modernize its payments system. The South African central bank said in a paper released on Thursday that there was no “strong immediate need” for a retail CBDC, though deploying…
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A long-term technical trend indicator for Bitcoin has turned bearish, leading at least one analyst to believe that the bull market may be over. “From a technical standpoint, the bull market is over,” crypto analyst “Crypto₿irb” told his 700,000 X followers on Thursday. Bitcoin (BTC) exhibits a “persistent trend shift, confirmed by price percentage traveled,…
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Continued selling pressure from Bitcoin whales could result in the asset falling further, cautioned analysts at CryptoQuant. Bitcoin (BTC) exchange inflows reached a peak of 9,000 on Nov. 21 as the price of Bitcoin declined to $80,600 on Coinbase, its lowest in seven months, it said in a market summary on Wednesday. When crypto exchange…
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