Why the SEC wants to ban crypto staking and stablecoins under scrutiny — Watch The Market Report live
This week in The Market Report, Cryptooshala resident experts discuss why the US Securities and Exchange Commission is staking cryptocurrencies and why stablecoins have been in the news lately.
We kick off the show this week with the latest news from the markets:
SEC lawsuit against Paxos over BUSD baffles the crypto community
On February 13, the SEC issued a Wells Notice to Paxos Trust Company, which is issuing the Binance USD (BUSD) stablecoin, alleging that the stablecoin is an unregistered security. On the same day, the New York City Department of Financial Services ordered Paxos to stop issuing BUSD. This has led various members of the crypto community to take to Twitter to give their views on the situation. Members of the crypto community have come up with various theories regarding accusations that BUSD is an unregistered security, from ignoring the issue as “FUD” to naming an attack on the Binance exchange. We will review some of these theories and propose our own.
Out of Sequence: Bitcoin Average Block Size Hits All-Time High
The average bitcoin block size hit an all-time high of over 2.5 megabytes for the first time since its inception in 2009, thanks to the launch of the Ordinals Non-Fungible Token (NFT) protocol in January 2023. As reported by Cryptooshala, participants in the bitcoin mining ecosystem have already made over $600,000 processing Ordinals transactions, which have been dubbed Bitcoin-based NFTs. Our experts discuss why this is an important moment for Bitcoin and also explain what ordinals actually are.
Our experts cover these and other evolving stories, so be sure to tune in to keep up to date with the latest happenings in the world of crypto.
What follows is a segment called “Quick Crypto Tips” which aims to give newcomers to the crypto industry quick and simple tips to get the most out of their experience. This week’s tip: Leverage.
Market expert Marcel Pechman then takes a close look at the Bitcoin (BTC) and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the prospects for the next few months? Pechman is here to break it.
Finally, we have information from Cryptooshala Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cryptooshala Markets Pro to identify two altcoins that have stood out this week, so be sure to tune in to see which ones make the list.
Do you have a question about a coin or a topic not covered here? Don’t worry – join the YouTube chat and post your questions there. The person with the most interesting comment or question will have a chance to win a $100 monthly subscription to Markets Pro.
The market report is broadcast live every Tuesday at 12:00 pm ET (5:00 pm UTC), so be sure to visit Cryptooshala Markets & Research YouTube Page and hit the “Like” and “Subscribe” buttons for all our future videos and updates.
Credit : cointelegraph.com