Author
571 posts
Bena Ilyas
Latest Articles
Bitcoin Traders Hedge Downside as Put-Call Ratio Rises Above One
By Bena Ilyas
• 2 mins read
Deribit’s data highlights that traders are concentrating on put options at strike prices of $58,000, $52,000, and $48,000. This behavior suggests that traders either anticipate potential support at these price levels or are actively hedging against a decline.
Bitcoin Mining Profitability Rebounds in June after Halving Impact
By Bena Ilyas
• 3 mins read
U.S.-listed mining companies increased their share of newly minted Bitcoin from 19.1% to 20.8% in June, due to added mining capacity and a decline in network hashrate, according to Jeffries.
FTX Founder SBF’s Family Implicated in $100M Political Donation Scandal
By Bena Ilyas
• 2 mins read
Leaked emails obtained by The Wall Street Journal point towards SBF’s family playing a central role in a $100 million financial scandal involving misused company assets for political donations.
EU Extends Crypto Travel Rules, Mandates Compliance in 6 Months
By Bena Ilyas
• 2 mins read
The EBA acknowledges that achieving compliance may financially strain crypto exchanges and service providers, but it expects the long-term benefits to outweigh the initial costs.
Bitcoin (BTC) Plummets 8% amid $685M Crypto Liquidations
By Bena Ilyas
• 2 mins read
Bitcoin unsurprisingly led the liquidation pack, with over $230.39 million liquidated.
New Zealand Targets Untaxed Crypto Income from 227,000 Users
By Bena Ilyas
• 3 mins read
IRD spokesperson Trevor Jeffries emphasized the department’s capability to track and analyze crypto activity. He dismissed popular misconceptions about blockchain anonymity.
UK Election Front-Runners Remain Silent on Crypto Issues
By Bena Ilyas
• 2 mins read
Despite political silence on crypto, the industry remains hopeful for regulatory clarity post-election.
Hong Kong to Review Crypto Rules as Industry Evolves, Says Finance Secretary
By Bena Ilyas
• 2 mins read
Christopher Hui, Secretary for Financial Services and the Treasury, emphasized the need for adaptable regulations. He assured that the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) will review requirements for virtual asset.
Germany Moves Another $17.6M Bitcoin to Exchanges amid Sell-Off Speculation
By Bena Ilyas
• 2 mins read
The German Federal Criminal Police Office (BKA) sent another 100 BTC ($6.2 million) to Coinbase, 150 BTC ($9.4 million) to Bitstamp, and 32.74 BTC ($2 million) to Kraken on July 2, according to Arkham.
Silvergate to Pay $63M to Settle Federal and State Probes over FTX Collapse
By Bena Ilyas
• 2 mins read
Gurbir Grewal, SEC’s Enforcement Director, said Silvergate failed to detect nearly $9 billion in suspicious transfers between FTX and its affiliates. Silvergate neglected its anti-money laundering duties and potentially allowed illegal activity.