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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto derivatives have been enjoying widespread popularity among investors, especially institutional clients. In July 2023, their trading volume on centralized exchanges surged 13% to $3.12 trillion compared to the previous month, meaning derivatives account for 69% of total cryptocurrency volumes, which also includes spot market trades. You might also like: Crypto 2023 in review: the most significant events that shaped the industry Yet, despite the growth of crypto derivatives and their potential to onboard institutional investors, regulatory complexities have introduced numerous challenges for market players. Regulatory landscape for crypto derivatives While traditional derivatives are regulated in most jurisdictions, many nations lack the appropriate legislation for their digital asset variants. Regulatory uncert...

US Senator Ted Budd (R-NC) has introduced a new bill to protect the right of citizens to self-custody Bitcoin and other crypto. Indeed, Budd first introduced the bill to 118 Congress this week in a larger push for digital assets and financial freedom among United States citizens. Dubbed the “Keep Your Coins Act”, the bill “protects an individual’s right to conduct transactions with cryptocurrency assets without the need to utilize a third-party intermediary.” Moreover, Budd has stated that the act seeks to prevent third-party risks to consumers amid the FTX collapse. JUST IN: 🇺🇸 US Senator Ted Budd introduces bill to protect the right to self-custody #Bitcoin & crypto. — Watcher.Guru (@WatcherGuru) November 8, 2023 Also Read: Deputy Treasury Secretary Says Congress Must Fight Illicit Crypto Use US Senator Introduces ‘Keep Your Coins Act’ The United States has spent much of the year establishing its regul...

The coalition includes Google sibling company SandboxAQ and the University of Waterloo. IBM Quantum and Microsoft have formed a coalition to tackle post-quantum cryptography alongside not-for-profit research tank MITRE, U.K.-based cryptography firm PQShield, Google sibling company SandboxAQ, and the University of Waterloo. We’re proud to be a part of a new community of cybersecurity organizations to accelerate adoption of post- quantum cryptography in commercial & open-source technologies. Learn more about the #PQC Coalition. https://t.co/pSrFX1qPPB | #QWC2023 #UWaterloo pic.twitter.com/vXG6CilQVx — University of Waterloo (@UWaterloo) September 26, 2023 Post-quantum cryptography (PQC) addresses the potential threat posed by quantum computers of the future. Current cryptography schemes rely on mathematical problems to stymie decryption attempts. Cracking or bypassing such encryption with a classical computer would be close to impossible. Some experts estimate that it would t...

What To Expect From The Upcoming Financial Services Committee Hearings? The first hearing, titled “Oversight of the SEC’s Division of Investment Management,” is scheduled for Tuesday, September 19, 2023, at 10:00 AM ET, and will take place in 2128 Rayburn House Office Building. advertisement This session is expected to delve into the intricate workings of the Securities and Exchange Commission (SEC) Division of Investment Management, providing an invaluable opportunity for lawmakers to scrutinize and assess the division’s performance. Key aspects of this hearing, such as the live stream, committee memo, pertinent legislation, and the list of witnesses, can be accessed from the official website and will be continuously updated in the run-up to the event. The second hearing, entitled “A Holistic Review of Regulators: Regulatory Overreach and Economic Consequences,” is slated for the same day, Tuesday, September 19, 2023, at 2:00 PM ET. ...

The former U.S. President returned to X for the first time since January 2021 to post his mugshot, which has now been thoroughly manipulated for memes by many users. The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States President as part of his criminal case in the state of Georgia for allegedly attempting to subvert the will of voters in the 2020 election. According to data from NFT marketplace OpenSea, the floor price of Trump’s line of digital trading cards first released in December 2022 increased more than 62% from 0.138 to 0.224 Ether (ETH) on Aug. 24 shortly after the former president’s mugshot became public. The image, which shows Trump looking angrily at the camera amid his surrender at the Georgia Sheriff's Office in Fulton County, has gone viral as the first mugshot of a current or former U.S. President facing criminal cases. Trump, who has largely restricted his social media activity to...

Also Read: FUD Alert: Reports Of US DOJ Fraud Charges On Binance Resurface advertisement Meanwhile, Southern District of New York Judge Jed Rakoff contested Judge Torres’ verdict by allowing the SEC to proceed with its lawsuit against Terraform Labs and founder Do Kwon. This essentially meant that Judge Rakoff rejected the ruling that retail token sales are not securities. In a latest, attorney Bill Morgan raised the question of the Ripple on-demand liquidity (ODL) linked sales, which was earlier flagged by the company’s chief technology officer David Schwartz. XRP ODL Sales: Securities Or Not? The attorney wondered if the ODL sales can be justified as securities, even if the institutional clients hold the XRP tokens for mere seconds. The Ripple ODL transactions involve customers holding XRP for a few seconds to facilitate quick cross-border payments. This means it is used just as a means for payments and does not necessarily involve ...

US Futures Rise On “McCarthy” Deal The House’s approval of the bill came as a relief to investors who had been growing increasingly concerned about the looming threat of a US debt default. Treasury Secretary Janet Yellen had warned that the default could occur as early as Monday, leading to growing apprehension in the markets. However, with a triumphant 314-117 vote in favor, the bill will now move to the Senate, followed by the President’s signature to finally make it a law. advertisement Read More: Multichain Suspends Cross-Chain Services, Fails To Contact CEO  While US markets found reasons for optimism, the technology-heavy Nasdaq Composite experienced a minor setback. The buzz generated by the artificial intelligence hype — which has been a key driver of the recent Nasdaq rally — encountered a snag after Nvidia’s blowout earnings report last week. This development prompted some caution among investors in the tec...

Also Read: Biden-McCarthy Debt Ceiling Deal To Finalize Today; PCE Inflation Rises To 4.7% advertisement This comes at a time when another top crypto exchange Coinbase is launching an advertisement campaign targeted at creating awareness on crypto, the technology. The US based exchange recently revealed plans to launch an ad campaign in Washington DC, in what could be a strategic plan to influence top government officials and lawmakers. Binance: Behind The Scenes With Cristiano Ronaldo The crypto exchange shared few pictures with the football star, saying that they are “working on something with Cristiano.” Sharing the pictures from the photo shoot, Binance said in a tweet, Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Also Read: MicroStrategy Replies To FASB Standards To Update Bitcoin Holdings advertisement Gemini Warned In Philippines According to the report, Gemini was issued the warning notice on May 18, 2023, over unauthorized operation of the derivatives exchange. The regulatory agency warned the country’s public against investing in new products and suggested they halt existing investments. This marks a stumbling block in Gemini’s way after launching the derivatives exchange just a month ago. The notice said, “The derivatives exchange does not have the necessary license and/or authority to solicit, accept or take investments/placements from the public nor to issue securities.” On the other side, Gemini said the Digital Currency Group (DCG) missed out on a recent $630 loan payment, which means it may need to consider providing DCG with exception on enforcing the debt as a means to avoid default. Recommended Articl...