Why SEC wants to ban crypto betting and stablecoins under investigation – Watch the market report live
This week on The Market Report, the resident experts at Cointelegraph discuss why the United States Securities and Exchange Commission is going after crypto stakes and why stablecoins have been in the news recently.
We start this week’s show with the latest news on the markets:
SEC lawsuit against Paxos over BUSD confuses the crypto community
On February 13, the SEC issued a Wells Notice to Paxos Trust Company, which issues the Binance USD (BUSD) stablecoin, alleging that the stablecoin is an unregistered security. The same day, the New York Department of Financial Services ordered Paxos to stop issuing BUSD. This led to various members of the crypto community taking to Twitter to give their views on the situation. From dismissing the issue as “FUD” to calling it an attack against the Binance exchange, crypto community members variously theorized about the claims that BUSD is an unregistered security. We take a look at some of these theories and offer some of our own.
Out of the ordinary: Bitcoin average block size hits all-time high
Bitcoin’s average block size has reached records above 2.5 megabytes for the first time since its inception in 2009, driven by the launch of nonfungible token (NFT) protocol Ordinals in January 2023. As Cointelegraph reported, participants from the Bitcoin mining ecosystem have already made over $600,000 processing transactions of Ordinals, which have been called 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 developing stories, so make sure you tune in to stay up-to-date on the latest in the crypto world.
Next up is a segment called “Quick Crypto Tips,” which aims to provide newcomers to the crypto industry with quick and easy tips to get the most out of their experience. Tip of the week: Take advantage.
Market expert Marcel Pechman then closely examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.
Finally, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so be sure to tune in to find out which ones went down.
Have a question about a coin or a topic not covered here? Don’t worry – join the YouTube chat room and post your questions there. The person with the most interesting comment or question will have a chance to win a one-month subscription to Markets Pro worth $100.
The market report streams live every Tuesday at 12:00 PM ET (17:00 UTC), so be sure to head over to the Cointelegraph Markets & Research YouTube page and smash the Like and Subscribe buttons for all future videos and updates.
