Crypto exchange Bittrex to wind down operations in the US

    The exchange shared that all customer funds are safe but advised its U.S. customers to withdraw their funds by April 30, 2023. Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to the challenging regulatory and economic environment. The announcement was made on the platform’s ninth anniversary, marking a…

    Arbitrum airdrop-related selling subsides, but DApp use sustains while smart money accumulates ARB

    The ARB airdrop followed the sell-the-news narrative, but Arbitrum’s DApp use and fundamentals remain strong and smart money continues to buy ARB tokens. The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with…

    Bitcoin bulls remain bullish, but macro and crypto-specific hurdles have BTC pinned below $30K

    All the pieces are in place for BTC to rally to $30,000, but escalating economic uncertainty and regulatory pressure add strength to the key resistance level. On March 23, Bitcoin price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index, which…

    Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

    Crypto exchanges looking to capitalize off the Arbitrum airdrop fever have launched IOU and derivatives for ARB, an early sign of the excitement that will unfold on March 23. Developers from the Arbitrum Foundation announced the launch of Arbitrum DAO and its native governance token, ARB, on March 16. Eligible users and developers will receive…

    What are the Howey test and its implications for cryptocurrency?

    The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more. What is the Howey test? The Howey test is a legal test used in the United States to determine whether a transaction qualifies as an investment contract and, thus, is considered a security under federal law. The test was established by…

    Coinbase met with Australian banking regulators over local crypto regulations

    Coinbase’s vice president of international policy told Cointelegraph the meetings took place in Canberra and Sydney and touched on the government’s token mapping efforts. The Reserve Bank of Australia (RBA) and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia. Responding to Cointelegraph’s…