$715 Million worth of Bitcoin shorts closed on Bitfinex: Why does this matter?

Ethereum Reaches New All-Time High, Bitcoin Breaks Above $38,000

“The latest crash in cryptocurrency prices led to a drop to the $30000 level for Bitcoin. Following the flash crash of May 19, this crash led to the liquidation of several longs across derivatives exchanges, following several new short positions that were opened. The highlight was the closing of 22500 BTC shorts, worth a total”

Source: AMBCrypto

FTX releases regulation proposals’ list, as Financial Committee meeting draws near

“The cryptocurrency industry in the U.S is reeling under intense regulatory scrutiny and uncertainty. Market participants have been waiting with bated breaths for financial authorities to release a regulatory framework. To that objective, Bahamian-based cryptocurrency exchange FTX released a list of principles and proposals to help policymakers build the regulatory