Press Releases TheBitTimes.com

Dubai’s digital asset regulator, the Virtual Asset Regulatory Authority (VARA), has suspended crypto exchange BitOasis from operating in the region. The regulatory body accused BitOasis of failing to meet the necessary regulatory requirements, prompting the suspension that took effect on July 10. You can continue using BitOasis, knowing your assets are safe and secure, held 1-to-1, and our team will continue working closely with VARA and remediate all outstanding post-licensing conditions of our operational MVP license , and work towards a full market product (FMP) license — BitOasis (@bitoasis) July 11, 2023 BitOasis obtained a Minimal Viable Product (MVP) license from VARA on April 12, enabling the company to provide broker-dealer services. This license allowed traders to buy and sell cryptocurrencies and access digital wallet services through the platform. However, the license was contingent upon BitOasis fulfilling certain undisclosed requirements within 30 to 60 ...

Want some worthless "paper" Bitcoin? With the rise of Bitcoin ETFs, you might soon have the chance to invest in something as worthless as the U.S. dollar. Recent weeks have seen a surge in interest from traditional finance for crypto -based exchange -traded funds (ETFs). After the Securities and Exchange Commission took issue with its initial filing, BlackRock submitted a fresh application for a Bitcoin ETF on July 3. A week earlier, Fidelity led a crop of investment firms in lodging applications with the SEC for Bitcoin-based ETFs. Meanwhile, HSBC has become the first bank to offer Bitcoin (BTC) and Ether (ETH) ETFs to customers in Hong Kong. In the context of Bitcoin, it is often the seemingly positive news that is harmful over the longer term; and vice versa, short-term negative news often serves to strengthen the ongoing case for Bitcoin. A good example of the latter is the 2017 “Blocksize War,” when the Bitcoin community split into the big block camp that launched the B...

While investors may have numerous platforms offering crypto options trading, a new exchange aims to address the shortcomings that currently exist in the space. Cryptocurrencies have revolutionized the way society perceives and trades assets, offering new opportunities for investors and traders alike. While traditional methods of buying and selling digital currencies have gained popularity, the market for crypto trading instruments is continually evolving. From the emergence of futures contracts to the latest advancements in options trading, platforms are striving to bridge the gaps and provide more comprehensive solutions for traders of all levels. Unlocking the potential: Understanding crypto options trading Since the beginning of crypto, the trading volume on exchanges has grown significantly. As with traditional assets, traders are looking for ways to optimize their strategies and maximize returns. Some of the instruments they use include option contracts. Instead of buying Bitcoin...

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 bittersweet moment for the company.  Due to continued regulatory uncertainty, we have made the difficult decision to wind down our U.S. operations , effective April 30, 2023. All funds are safe and can be fully withdrawn immediately. This does not affect customers of @BittrexGlobal https://t.co/MY4u7XLk9z — Bittrex (@BittrexExchange) March 31, 2023 Co-founder and CEO Richie Lai shared that as the crypto ecosystem evolved, regulatory requirements have become increasingly "unclear" and "enforced, without appropriate discussion or input," leading to an uneven competitive landscape. This environment ha...

The Ethereum Name Service rounded off 2022 with over 2.2 million ENS domains registered, helped in part by integrations with exchanges and industry participants. 2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space. According to the service, over 80 percent of the total ENS domains created since the project's inception were registered in 2022. Data from Dune Analytics shows that ENS has around 2.82 million names registered as of Jan. 2, with 630,340 owners of ENS domains. Happy New Year everyone! 2022 was an incredible year for ENS! Over 2.2m ENS names were registered in 2022 (that's 80% of ALL names created) If you're ready for 2023, drop your ENS below — ens.eth (@ensdomains) January 1, 2023 As Cointelegraph previously explored in an exclusive interview with ENS founder Nick Johnson, the service allows users to map human-readable names ...

Bitcoin exchange users get comfortable as "Do Nothing December" sees BTC price volatility drop to record lows. Bitcoin (BTC) exchange users have forgotten all about the FTX scandal this Christmas, data shows. According to on-chain analytics firm Glassnode, exchange outflows have now hit their lowest levels in over six month s. Still not your keys, still not your coins? As Bitcoin volatility sets a new record low in what is being called “Do Nothing December,” exchange users’ habits are also rapidly adjusting to the current climate. After seeing an overwhelming surge in light of the FTX meltdown, BTC withdrawals from exchange wallets have entirely reversed the spike which began around six weeks ago. Having hit a peak of 142,788 BTC on Nov. 14, outflows from the trading platforms tracked by Glassnode have declined over ten times. On Dec. 25, the latest date for which numbers are available, total exchange outflows came in at just 9,352 BTC — a drop of 93.5%. Bitcoin exchange ou...