CRYPTO

Traders aggressively betting on further moves south for Bitcoin could be caught unawares in the coming days and weeks, with the derivatives market forming a setup primed for a short squeeze.

That’s according to research-led digital assets brokerage K33’s latest analysis, which found a mix of both negative perpetual swap funding rates in recent weeks and a spike in open interest.

As Decrypt reports, K33's call for a short squeeze hinges on the 7-day average funding rate, (more…)

By Ezra Reguerra of CoinTelegraph

In a significant update to the United Arab Emirates’ judiciary approach to crypto, the Dubai Court of First Instance recognizes salary payments in crypto as valid under employment contracts. 

Irina Heaver, a partner at UAE law firm NeosLegal, explained that the ruling in case number 1739 of 2024 shows a shift from the court’s earlier stance in 2023, where a similar claim was denied because the crypto involved lacked precise valuation. 

Heaver (more…)

Authored by Nik Hoffman via BitcoinMagazine.com,

The Democratic Party's official 2024 platform was released today on day one of the Democratic National Convention, without any mention of Bitcoin or cryptocurrency.

This decision aligns with the past four years of the Biden-Harris administration's hostility towards the industry.

Despite the growing significance of Bitcoin and digital assets, neither Kamala Harris or Tim Walz, who are running for (more…)