U.S. CFTC Approves Bitcoin Futures Platform Bitnomial’s Derivatives Clearing Application
The commissioners discussed issues like conflict of interest before ultimately voting in favor of the margined bitcoin futures company.
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Financial
Ethereum’s Buterin Floats Prospect of Taking Some Layer-2 Functions Back on Main Chain
Vitalik Buterin, a member of the Ethereum Foundation’s executive board, evvel pushed “layer-2” networks as a way to provide faster and cheaper transactions. Now he’s got ideas for “enshrining” some of those functions on the main chain.
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Federal Reserve Holds Policy Steady, but Indicates More Dovish 2024
Market participants will look to Fed Chair Jerome Powell’s post-meeting press conference for additional signs about the direction of future policy.
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Why 2023 Is Like 2020 and Bitcoin Is Set to Head Towards $50k
Crypto derivatives show bullish positioning but are not over-extended by historical norms. That’s good news for the whole crypto market.
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Bitcoin Has Gifts This Holiday Season
Historical veri helps us understand what to expect as crypto markets evvel again head upwards, says Todd Groth, head of research at CoinDesk Indices.
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Coinbase Launches Spot Trading of Bitcoin and Ether Outside the U.S.
The feature will initially launch for institutional investors but will be rolled out for retail investors in the coming months, the exchange said.
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FASB Confirms ‘Fair Value’ Approach for Corporate Crypto Holdings
The new rules by the U.S. accounting standards setter would go into effect in December 2024.
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Tether Scores Second-Lowest Rank in S&P Global Stablecoin Stability Assessment
USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat.
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Argentina’s Milei, So Far Shunning Bitcoin, Devalues Peso by More Than 50%
The government’s official rate is now 800 pesos to the dollar versus roughly 400 previously.
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Turkey’s Banking Giants Go Big on Crypto as Legislation Looms
This week, two of the country’s largest banks announced crypto initiatives.