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Sonnenshein argued that the SEC, while approving Teucrium's application under the '33 Act, defined the underlying market as being restricted to the Chicago Mercantile Exchange (CME)-listed bitcoin futures. However, the CME futures are influenced by the unregulated spot market. So, the regulator can no longer deny spot-based ETFs, stating they
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“We’re excited about the prominent players in this industry coming forward to join us and amplify how important market integrity is,” Kathy Kraninger, vice president of regulatory affairs at Solidus Labs, told CryptoX. Before coming to Solidus Labs, Kraninger worked in government, most notably as the director of the Consumer
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Bitcoin (BTC) and other cryptos traded lower on Wednesday. Altcoins underperformed, indicating a lower appetite for risk among crypto traders. Hawkish Fed minutes contributed to losses as well. Source
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The Crypto Market Integrity Coalition, an organization founded two months ago by 17 cryptocurrency exchanges, firms and industry associations worldwide, announced 13 new members have joined. The group is centered around a pledge endorsed by members’ CEOs or chief compliance officers that (among other things): “We will integrate principles that
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Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with April 6’s drop below $44,000, there is still mounting evidence that the market structure is healthy. On Dec. 3, 2021, Bitcoin initiated a 25.6% correction that lasted 18 hours and culminated with a $42,360 low. Four months later,
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The crypto market is maturing and is no longer driven by speculation, according to a new report from BTC Markets (BTCM). According to the report by the Australian cryptocurrency exchange, the crypto market's growth in 2021 was driven by utility.The BTCM Investor Study Report 2021 is an in-depth analysis of
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The metaverse, despite all the interest from venture capital and the world’s major brands, is struggling to attract users, and token prices have begun to reflect this. Tokens for the three major metaverse protocols, Decentraland, Axie Infinity and The Sandbox are all down year-to-date, and significantly underperforming bitcoin. Original Source
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The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex.In a Tuesday announcement, the Treasury Department said it had worked with the Department of Justice, the Federal Bureau of Investigations, the Drug Enforcement
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Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has already developed draft regulatory legislation in accordance with the requirements of international agencies.Gvenetadze said the size of the Georgian
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The Crypto market has been fluctuating heavily in the past couple of weeks but with last week’s rally had finally landed into the greed territory. However, as the rally had slowed down and the inevitable market correction had begun, sentiment had begun to shift once again into the negative. This
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