• The U.S. Securities and Exchange Commission is advising brokers and investment advisers to use increased scrutiny when making cryptocurrency recommendations.
• Deribit has launched free trading of bitcoin and other tokens, setting up a price war among digital asset exchanges.
• NFT marketplaces have seen decreases in daily users and sales over the last week.
U.S. SEC Recommends Heightened Scrutiny on Crypto Recommendations
The U.S. Securities and Exchange Commission (SEC) is advising brokers and investment advisers that they need to use heightened scrutiny when it comes to making crypto recommendations to ensure the risky products are in the best interests of their clients, the agency said in a new bulletin.
Deribit Sets Up Crypto Exchange Battle with Push into Free Trading
Crypto derivatives exchange Deribit is launching free trading of bitcoin and other tokens, setting up a fresh price war among digital asset exchanges as they seek to re-emerge after a bruising year for the industry.
NFT Marketplaces Sales, Users Drop
The number of daily users and sales has dipped across NFT marketplaces over the last week, according to data pulled from analytics platform Dune, reaching new lows not seen since July 2021.
BTC/USD dove 2.0% in the last session. The Bitcoin-Dollar pair plummeted 2.0% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 27527.3333 and resistance at 31061.3333 .The Stochastic-RSI is signalling an oversold market .
Daily Economic Calendar
Today’s economic calendar includes: US Baker Hughes US Oil Rig Count at 17:00 GMT, Japan’s Jibun Bank Manufacturing PMI at 00:30 GMT, Japan’s Jibun Bank Services PMI at 00:30 GMT and JP Jibun Bank Manufacturing PMI at 00:30 GMT