Category: Crypto

Trump Pulls Brian Quintenz Nomination for CFTC

The White House has withdrawn Brian Quintenz as Donald Trump’s pick to chair the commodities regulator, Politico reports. News COINTELEGRAPH IN YOUR SOCIAL FEED The Trump administration has reportedly pulled Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission. Politico reported on Tuesday, citing two people who knew of the decision ahead of its […]

Don’t blindly Cheer for a Bitcoin Strategic Reserve — Crypto Exec

Establishing a national Bitcoin (BTC) strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique told Cointelegraph that any government holding significant portions of the BTC supply could manipulate prices by dumping its holdings onto […]

BlackRock Proposes Bitcoin Premium Income ETF to Complement IBIT

Asset management giant BlackRock filed to register a Delaware trust company for its proposed Bitcoin Premium Income ETF on Thursday, signaling a push to broaden its Bitcoin offerings. Bloomberg ETF analyst Eric Balchunas said BlackRock’s proposed product would sell covered call options on Bitcoin futures, collecting premiums to generate yield.  The regular distributions would, however, […]

Tether Denies Claims it Abandoned Uruguay Crypto Project

Stablecoin issuer Tether has denied widespread local media reports that it is exiting Uruguay over a $4.8 million debt dispute with one of the country’s state-owned electricity entities. According to local news source Telemundo, Tether abandoned its crypto mining operations and future plans after the National Administration of Power Plants and Electric Transmissions (UTE) unplugged […]

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