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Following Fall of FTX & Silvergate, The Crypto Market Needs Sensible Regulation

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2 years ago

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The FTX collapse guarantees that crypto regulation will be on the US legislative agenda for 2023 — at long last. In total, six bills were introduced in 2022, focusing on a mix of aspects connected to the crypto industry for investor protection or compliance. 

As the SEC and the CFTC are jockeying for positions, the number of voices in the room is going to increase. Some don’t want any sort of regulation to exist, but others people in the industry and anti-crypto lawmakers think regulating crypto will legitimize its existence. 

The time is right for crypto custody and all other types of platforms to be supervised with certain regulations. The US has the strongest financial market in the world, and that is due in large part to regulation. Regulation will make crypto markets stronger.

No regulatory regime administering traditional finance is created in one fell swoop. Along with the system, the regime also evolves to become better, inclusive, and stronger according to the needs. Disasters like FTX become a teaching lesson for the rulemakers to improve the regulatory system. 

The digital asset industry is still in its infancy, but problems like FTX are familiar. There have been previous such events at QuadrigaCX and at Mt. Gox. To prevent these types of massive losses that also deteriorate the market trust, regulatory oversight must begin. Here are five modest, sensible steps that could be taken now that don’t even require much crypto knowledge.

  • Stablecoin Reserves

As stablecoins are intended to be less volatile, they play an important role in the digital asset ecosystem. Moreover, they are more practical for everyday transactions. However, these stablecoins have not always been so stable.

These stablecoins are intended to be exchangeable for the underlying asset at a 1:1 ratio. However, stablecoin issuers are not required by law to maintain reserves that are equivalent to the available supply. There is a chance that holders will rush to redeem their coins when a stablecoin loses its peg, creating a situation that resembles a bank run.

That’s exactly what happened with TerraUSD in May of 2022. Recently, the US SEC has found another strong point of concern against the platform, making the former stronger. It relied on trading based on a mint and burn algorithm linked to the supply of LUNA, a cryptocurrency issued by Terra. Ironically, Sam Bankman-Fried is now under investigation for manipulating the market for TerraUSD, whose collapse touched off the industry crisis that ultimately exposed his other misdeeds at FTX.

Yet, none of that is necessary to know in order to determine whether a stablecoin is backed by a dollar. The quantity of circulating stablecoins is equal to the number of dollars in reserve. Stablecoin issuers should be required to keep 1:1 reserves at FDIC-insured banks.

The birth of FDIC insurance came after the bank failures during the early 1800s. Quarterly audits of reserves and real-time reporting on mint and burn activity should be mandatory. We also need to implement safety and soundness controls with a diversity of banks proportional to reserve size.

  • Separate Trading And Custody

Customers’ requirement to maintain their money with the exchange under the current market structure is fundamentally wrong. It is not necessary to be an expert in cryptography to understand why that is a bad idea. Imagine that the Nasdaq asked the SEC to serve as its own custodian, is it possible?

The issue with counterparty risk persists even after being entirely honest. Many of these crypto custody platforms and exchanges also engage in different kinds of lending. They engage in market-making and arbitrage. As they continue to trade and hedge on other exchanges, identifying the counterparty risk on the exchange is impossible. The reason being it’s the sum of the exchange’s risk plus the risk of whatever other markets they’re participating in that plays an important role in risk assessment. 

If there’s anything one should learn from the FTX collapse, it’s that assets should be stored until required for trading by external, qualified, regulated, and insured custodians. This creates a check-and-balance for verifying reserve assets under any exchange’s control.

The public may have learned sooner that FTX was in a crisis in a fractional reserve position if trading and custody had been kept separate. After the bankruptcy, it would have been simpler to stop asset theft and hacking.

  • Require Digital Asset Exchanges To Be 100% Digital

Discontinuing direct trading of digital assets with fiat or off-chain assets will make all exchanges on-chain auditable. As a result, it will enable Proof-of-Reserves that actually work. At present, Proof of Reserves does bring some level of transparency, but they are not a foolproof solution for separating who’s solvent and who’s not, for two reasons.

  1. No one can practice it for reserves on fiat because they cannot be represented in a digital way. 
  2. It’s not possible to give proof of non-liabilities, which is really the thing that matters most. FTX combined fiat, and digital reserve components and their liabilities far outstripped their reserves. 

With pure digital exchanges representing fiat digitally as a regulated stablecoin, Proof of Reserves for everything can become a reality. The last thing to be solved is the liabilities component. 

A reasonably solid and effective system with compliance can be built by fixing settlement and clearing to be entirely digital. Exchanges are currently attempting to establish a business in a hybrid world because they have no other option. So, as a transition, it is preferable to package fiat and securities in digital form. The ability to work in a digital environment will be significantly improved after the archaic wrappers have been removed.

  • Regulate Digital Asset Exchanges’ Use Of Omnibus Wallets

In an omnibus wallet, the funds of multiple clients are stored under a single address. The benefit is that it makes key management easier for the custodian and also makes it easier to enable efficient off-chain transactions.

However, one of the main limitations is that individual customers no longer have visibility into the transactions. Neither do they have any information on the counterparty risk. It’s also unclear what happens to each customer’s funds in the event of bankruptcy.

Omnibus wallets are only acceptable when the qualified crypto custody platform is aware of each of the exchange’s clients in the omnibus pool and assets are segregated in such a way as to provide bankruptcy protection to each client. The custodian must also participate in AML/KYC compliance of exchange clients.

  • Define Securities For The Digital Era

The SEC is still using an ancient definition of securities which was developed in the 1940s. The result is it leads to underpinning their enforcement efforts. Builders in crypto have honest questions about how the rule applies to them, and they deserve answers.

Can the SEC not update their definition and upgrade the meaning of securities while taking into account the crypto era? How hard would it be for the SEC to provide an updated definition, detailed guidance, and sensible grandfathering policies? Having that clarity would go a long way toward providing protection to innovators and investors alike.

They should listen more to Commissioner @HesterPeirce, who has an open opinion that the agency should not be leading with enforcement. Enforcement is clearly in their purview, but there’s an opportunity to make the enforcement load a lot lighter by providing appropriate guidance, to begin with.

What occurred at FTX was a common form of financial fraud that has been practiced for ages. The sole connection between cryptocurrency and blockchain technology is that a lack of regulation created a level playing field for dishonest players.

Conclusion

At present, the crypto community understands SEC’s Custody Rule. These rules are meant to safeguard the crypto industry. As per this rule, the crypto custody and other types of platforms are required to separate custody from trading. This move is hailed as a positive aspect of the crypto industry. 

The crypto industry is in dire need of regulatory administration aimed at preventing catastrophic investor losses. Designers and builders are more than capable of architecting a better system to meet the requirements of regulators. Once people can’t be rug pulled or defrauded, the next discussion will be about more nuanced issues and building something more comprehensive.

It will take a collective effort to get through this phase. FTX isn’t the first exchange to run into trouble; it’s just the biggest. It is easy to compartmentalize it as one guy who was a charlatan and go back to business as usual. However, doing so will be like setting the industry up for the next failure. To come out stronger and better, it is essential to use this opportunity to take a few simple steps in the direction to lead the industry into a new direction in order to thrive.

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Press Release

An Insight Into Delta Exchange: A Leading Crypto Derivatives Trading Platform

Published

2 weeks ago

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July 15, 2025

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India’s crypto market has moved beyond buying and holding digital coins. In the modern landscape, traders are exploring more advanced strategies like crypto derivatives (futures and options) to maximise profits and manage risks effectively in the volatile market. 

As crypto adoption grows and innovation unfolds, the Indian crypto market is expected to cross $10 billion in revenue, with 123+ million users by 2026. With this growing demand comes the need for more structured, flexible, and accessible crypto trading platforms. This is where Delta Exchange comes into the picture.

Delta focuses exclusively on crypto derivatives trading and offers a space where you can explore the market and trade futures and options contracts on some of the major cryptocurrencies. In this post, we’ll discuss how Delta Exchange fits into India’s evolving crypto sector, what it brings to the table, and why it’s becoming the preferred choice for those looking beyond the basics.

Delta Exchange at a Glance

Delta Exchange has positioned itself as one of the best crypto derivatives trading platforms for Indian and global users – thanks to its active focus on security, compliance, and a growing suite of product offerings. 

Delta, under the Financial Intelligence Unit (FIU), provides Indian users with some clarity in the crypto derivatives space. With the capability of handling daily trading volumes of over $4 billion, the Delta Exchange app simplifies access and trading, especially for the country’s young, tech-savvy population, which is showing a deep interest in derivatives. 

With advanced crypto analysis tools and safe regulations, Delta gives you an edge in a fast-moving market and seems to be scaling right alongside it. 

What Makes Delta Exchange Unique for Crypto Derivatives?

Delta Exchange has built a strong user base by offering features that directly serve the needs of crypto derivatives traders. 


Source | Trade crypto derivatives (futures) on major cryptocurrencies 

Here’s what makes it stand out in the crypto derivatives trading space:

  1. Multi-asset futures and options

You can access multiple contracts, including BTC, ETH, SOL, XRP, and several other altcoins. Whether you’re interested in perpetual futures or options with daily, weekly, or monthly expiries, the platform covers it all. An extra layer of convenience is added by the INR-based trading, which makes entries and exits smoother, without any currency conversions.

  1. Strategy builder and advanced tools

Delta supports multi-leg setups with a simple strategy builder, helping you create complex trades without overcomplicating the process. Features like basket orders save time on execution, and margin trading gives more flexibility with capital – all within the Delta Exchange app.

  1. Real-time risk controls

To manage risks better, Delta offers built-in payoff charts, integrated stop-loss settings, and a demo account for testing before investing a real amount. Automated trading bots are also available for those who prefer a rules-based execution approach. 

  1. Strong customer support

Through a ticket-based support system, most issues see quick resolution. If you’re new to crypto derivatives or want to handle a large volume of trades, the platform’s 24/7 customer support is available. 

All this makes Delta Exchange a reliable derivatives exchange platform for trading crypto futures and bitcoin options chain. 

Delta Exchange is Designed for All Types of Traders

Delta strikes a balance between simplicity and innovation for both newcomers and experienced traders. If you’re a beginner, you can practice crypto derivatives trading using the demo mode or by placing small-lot trades, with a minimum amount as low as ₹5,000 for BTC and ₹2,500 for ETH. 

For experienced traders, there’s no shortage of advanced features. You’ll find 100x leverage, margin tools, and a variety of deep ITM and OTM futures and options contracts. The platform allows you to start small, test strategies, and gradually move to high-volume trades, once you’re confident enough. 

Trading on the Go with the Delta Exchange App

The Delta Exchange app provides a clean and responsive interface for those who prefer to trade on the go. Available for both Android and iOS, it brings key features of the desktop platform to mobile – including live price tracking, position management, and smart alerts.

To get started, simply visit the official website, sign up, complete your basic Know Your Customer (KYC) process, and you’re ready to deposit INR directly. You can explore a wide range of futures and options contracts, track markets in real time, and withdraw INR when needed. 

It’s a comprehensive crypto derivatives experience, ideally suited for you if you want to stay connected to the larger crypto market.

Final Thoughts

If you’re looking to go beyond buying and holding, Delta Exchange opens up opportunities to actively manage exposure through tools like futures and options, margin trading, INR-based contracts, and much more. 

As more traders look to build intent-led investment portfolios, crypto derivatives trading on platforms like Delta is shaping what the next phase of participation might look like. 

Disclaimer: Crypto trading carries inherent risks due to its high volatility. This article is for informational purposes only. Kindly do your own research and consult experts before making any investments in crypto.

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Press Release

BigPictureCoin Launches Global Presale as Bitcoin Surges Past $122,000

Published

2 weeks ago

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July 15, 2025

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  • A New Layer 1 Blockchain Aims to Bring Bitcoin-Grade Tech Into Real-World Use

As Bitcoin reaches historic highs above $122,000, a new blockchain project is making waves by bringing crypto infrastructure into real-world commerce, media, and creator economies. BigPictureCoin (BPC) has officially launched its public presale, now live exclusively at www.BigPictureCoin.com.

Built on Substrate—the same architecture that powers Polkadot—BigPictureCoin is a fully independent Layer 1 blockchain, not a token on Ethereum or Solana. It offers high throughput, low fees, and seamless interoperability designed to power everyday financial and media applications.

Co-founded by Peter Kallinteris and John Sill, BPC is operated from both Hollywood and Athens, and is fully registered in Greece, adhering to U.S., EU, and international compliance standards.

“BigPictureCoin isn’t just another blockchain. It’s infrastructure for the real-world digital economy—decentralized, modular, and built for creators, innovators, and everyday users,” said co-founder John Sill.

Presale Details

  • Token Symbol: $BPCB (Not yet launched)
  • Total Supply: 500 Billion
  • Initial Circulating Supply: 10 Billion
  • Presale Allocation: 100 Billion
  • Presale Price: $0.001 per $BPCB
  • Soft Cap: $2 Million
  • Hard Cap: $10 Million
  • Transaction Fee: 0.1% — routed to a transparent development wallet
  • Website: www.BigPictureCoin.com

The presale is exclusively hosted on the project’s official website. No exchanges or third-party platforms are authorized. Contributions can be made using supported cryptocurrencies (ETH, BTC, USDT, SOL), with no account setup or registration required.

A Decentralized Blockchain with Real-World Purpose

Unlike traditional Layer 1 projects, BigPictureCoin has:

  • No founder or investor token allocations
  • A three-year locked reserve for presale and airdrop use only
  • Transparent governance, with no centralized control
  • A legally structured, compliance-first framework

“Other chains, like Cardano, often delay real-world usability through complex governance. BigPictureCoin is modular, fast, and immediately usable,” said cofounder Peter Kallinteris.

Designed for Global Utility

BigPictureCoin is building an open-source, non-custodial, fiat-integrated ecosystem that connects blockchain infrastructure to real-world industries— including media, entertainment, e-commerce, and creator monetization. The project is currently undergoing its first capital raise. A strategic Series Round, valued at over $400 million, is in development with announcements expected soon.

Key Highlights

  • Built on Substrate – fast, scalable, and future-proof
  • Fully independent blockchain – not a token or sidechain
  • Registered in Greece – legally compliant for global operations
  • Fair launch – no team or investor token advantage
  • Presale-only access – no external launchpads or listings
  • Transparent fee model – 0.1% routed to a public development wallet
  • Backed by global partners – to be announced

How to Participate

The public presale will close automatically once the $10 million hard cap is reached. This is the only authorized opportunity to access BPCB prior to exchange listings.

Visit www.BigPictureCoin.com to participate.

BigPictureCoin is registered in Greece and operates in accordance with applicable U.S., EU, and international regulatory standards. This press release is for informational purposes only and does not constitute investment advice.

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Press Release

Following $600M Token Launch, EstateX Names Former RE/MAX CEO as New Web2 Head

Published

3 weeks ago

on

July 8, 2025

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In the wake of one of the most successful token launches of the year, EstateX is proud to announce the appointment of Steve Craggs as its new Chief Executive Officer of Web2.

Formerly the CEO of RE/MAX England & Wales, Steve Craggs brings decades of leadership in real estate, business development, and international expansion. Under his guidance, RE/MAX England & Wales solidified its presence in one of the UK’s most competitive markets. Now, he joins EstateX at a pivotal moment in the project’s journey, just days after the $ESX token debuted to a $600M fully diluted valuation and secured listings on Kraken, MEXC Global, HTX, Raydium, and Uniswap.

Steve’s appointment reflects EstateX’s commitment to bridging traditional real estate expertise with Web3 innovation. With his deep understanding of property markets and investor behavior, he will lead the next phase of the company’s roadmap, scaling real-world property integrations, expanding the AI-powered Homie ecosystem, and positioning EstateX as a global leader in tokenized real estate.

Steve Craggs said: “I’ve been watching the guys in EstateX over the past few years work tirelessly to achieve this historic launch, and I’m so very proud to accept this appointment. I believe together we can now add the additional layers that will set EstateX apart from the rest. We have seen how partnerships with DAMAC of other RWA projects significantly boosted the presence of the RWA arena, a big turning point for the crypto industry. My new position as CEO allows me to work more closely with my global connections and bring multiple  significant partnership deals to EstateX. Tokenisation of Real World Assets is the future of real estate and I’m very excited to be driving this global machine.”

EstateX’s early momentum continues to pick up speed, bolstered by a wave of strategic hires, upcoming real-world property announcements, and a blockchain infrastructure designed for onboarding the next generation of RWA (real-world asset) projects.

With a CEO rooted in traditional real estate and a team fluent in crypto-native culture, EstateX is uniquely positioned to redefine property ownership and access on a global scale.

About EstateXEstateX is a Web3 platform revolutionizing real estate through asset tokenization, AI powered financial tools, and blockchain infrastructure. By allowing fractional ownership and easy on-chain access to property markets, EstateX is creating a new gateway to the global real estate investment.

Check out $ESX today:

Token: tge.estatex.eu
Telegram: https://t.me/estatexofficial
LinkTree: linktr.ee/estatexeu

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