Coinbase Faces SEC Probe Over Crypto Yield, Staking Products

“The Company has received investigative subpoenas and requests from the SEC for documents and information about certain customer programs, operations, and existing and intended future products, including the Company’s processes for listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products,” Coinbase said in the disclosure. Source

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

The United States subsidiary of electronic trading platform developer Clear Markets has reportedly received approval from the Commodity Futures Trading Commission, or CFTC, to offer over-the-counter crypto derivatives products with physical settlement. In a Tuesday notice, SBI Holdings — a stakeholder of Clear Markets — said the CFTC had approved the U.S. subsidiary operating a Swap Execution Facility, in which it plans to offer derivatives trading for U.S. dollar and Bitcoin (BTC) pairs. The Japan-based financial services company said its market maker planned to expand its trading partners in the…

El Salvador Bitcoin mining farm. Green crypto mining with geothermal volcanic energy

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Directly from volcanic geothermal Bitcoin mining farm in El Salvador. Bitcoin city announced by Nayib Bukele will use green energy from this power plant. This crypto mining farm belongs to the government of El Salvador which implemented BTC as a legal tender. Use WhiteCrypto promo code to get a 5% discount for immersion cooling mining installations. Website: Article about immersion cooling: Earn $25 bonus by signing up to crypto.com exchange: Trade Bitcoin on Binance: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io…

$475M in Bitcoin options expire this week — Are bulls or bears poised to win?

Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug. 12 might be a game changer for bulls. Considering the current regulatory pressures in play, there seems to be a good enough rationale for avoiding bullish bets, especially after the U.S. Securities and Exchange Commission pressed charges against a former Coinbase manager for illegal…