With the US government shutdown expected to end this week, the Senate Agriculture Committee scheduled a hearing to consider President Donald Trump’s pick to head the CFTC. Michael Selig, currently serving as chief counsel for the crypto task force at the US Securities and Exchange Commission, will face questioning from senators next week in a hearing to consider his nomination as the chair of the Commodity Futures Trading Commission. On Tuesday, the US Senate Agriculture Committee updated its calendar to include Selig’s nomination hearing on Nov. 19. The notice came about two weeks after the SEC official confirmed on social media that he was US President Donald Trump’s next pick to chair the agency following the removal of Brian Quintenz. Hearings for Quintenz, whom Trump nominated in February, were put on hold in July amid reports that Gemini co-founders Cameron and Tyler Winklevoss were pushing another candidate. Quintenz later released private texts between him and the Winklevoss twins, signaling that the ...
Analysts say Bitcoin could be starting its Wave III expansion, and if it plays out according to previous instances, BTC could reach the $200,000 to $240,000 range. Key takeaways: Bitcoin’s Wave III expansion could drive prices toward $200,000 to $240,000. The long-term structure remains bullish despite flat futures market activity in Q4. Read more
Swissôtel Hotel in Poiana Brasov, the first under this brand in Romania, expects EUR4.8 million revenue for its first full year in business. The hotel was inaugurated last fall, following a EUR18.5 million investment.
The 2022 FTX bankruptcy pushed crypto toward greater transparency across exchanges and DeFi, yet some who lost funds in the crisis still haven't been paid. When FTX filed for bankruptcy on Nov. 11, 2022, it sent shockwaves throughout the crypto world, erasing billions in market liquidity and shattering confidence in centralized exchanges. The dramatic collapse became a turning point for the digital asset industry, triggering calls for stronger transparency and reactions from regulators. Three years after the exchange’s collapse, transparency initiatives across the crypto industry have proliferated. Proof-of-reserves attestations, audits and onchain analytics represented progress. Still, many of those reforms remain works in progress, and some of FTX’s creditors have yet to be made whole. Read more