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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

Earn Over $58,000 Monthly in BTC and XRP from Your Phone? BAY Miner Is Crypto’s New Favorite

Published

2 weeks ago

on

August 6, 2025

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From Wall Street to mobile wallets, BAY Miner drives passive income for everyday crypto users

The crypto landscape is evolving rapidly, and one platform is gaining massive attention across Europe and the United States — BAY Miner. With Bitcoin prices holding steady above $118,000 and the surge in demand for daily passive income, BAY Miner has positioned itself as a game-changer.

Why? Because it lets users earn over $58,000 per month directly from their smartphones — no hardware, no tech skills, and no stress.

Say Goodbye to Traditional Mining

Traditional mining is complex, costly, and time-consuming. Most people can’t afford mining rigs, and even fewer can manage the technical setup or stomach rising electricity costs. This has created a gap in the market — and BAY Miner is filling it.

With its cloud-based mobile mining solution, BAY Miner offers users a chance to earn BTC, XRP, ETH, and other digital assets simply by using their phones. The best part? It’s fully automated and requires no equipment whatsoever.

What Makes BAY Miner the Crowd Favorite?

1. True Mobile Mining — No Machines Needed

BAY Miner eliminates the need for expensive mining gear. You only need a smartphone and internet access. Just sign up, pick a plan, and start earning. The system handles the rest.

2. Fast Onboarding with Free Bonuses

Register on the official platform and receive a $15 signup bonus. Log in daily and earn an additional $0.60, just for showing up. It’s a straightforward way to start building your crypto portfolio at no initial cost.

3. Flexible Plans for All Budgets

Whether you’re starting with $100 or going all in with $10,000+, BAY Miner supports short-term and long-term contracts. Contract durations range from 2 to 60 days, with daily profits deposited automatically into your wallet.

4. Daily Payouts — Real Profits

Here’s a snapshot of what users are earning right now:

  • $100 / 2 days → $4 daily profit → $108 total
  • $600 / 6 days → $7.20 daily → $643.20 total
  • $3,000 / 20 days → $39 daily → $3,780 total
  • $5,000 / 32 days → $72.50 daily → $7,320 total
  • $10,000 / 47 days → $165 daily → $17,755 total

With optimized strategies and reinvestments, many top users are generating $58,000 or more each month — all from the comfort of their phones.

Effortless Income, Secure Technology

The platform is protected by McAfee® and Cloudflare®. This means you can have piece of mind knowing all users are secure. Your account and your earnings are protected 24/7, and it is operated using renewable green energy!

BAY Miner Supports Major Cryptos

Not only does BAY Miner support Bitcoin (BTC) and Ripple (XRP), but it also mines Ethereum (ETH), Dogecoin (DOGE), and Tether (USDT). This multi-currency support ensures users can diversify and stabilize their earnings even when markets fluctuate.

Who Should Use BAY Miner?

This platform is ideal for:

  • Beginners looking to enter the crypto space with minimal risk
  • Busy professionals who want hands-free passive income
  • Retirees seeking new, low-effort income streams
  • Crypto investors building long-term digital wealth
  • Anyone tired of watching from the sidelines while others profit

How to Start Earning in Minutes

BAY Miner’s setup is incredibly simple:

  1. Visit www.bayminer.com
  2. Register your account and claim your $15 welcome bonus
  3. Download the mobile app (available on all major platforms)
  4. Select a mining contract (starting from just $100)
  5. Start earning passive crypto income daily
  6. Withdraw or reinvest your earnings at any time
  7. Refer friends and earn additional commission bonuses

The entire process takes less than 3 minutes. No long forms, no KYC delays, and no guesswork.

Why BAY Miner Is Taking Over the Crypto Market

Cloud mining is no longer a concept — it’s the present. As more investors search for low-risk, sustainable income options, platforms like BAY Miner stand out with:

  • Zero hardware or maintenance
  • Daily profits with real-time tracking
  • Low entry barriers and global accessibility
  • 24/7 multilingual support in over 180 countries
  • A focus on green mining solutions for a sustainable future

Final Thoughts: Your Phone Is Now a Digital Goldmine

The crypto boom is real, and BAY Miner is helping users around the globe turn their smartphones into income-generating assets. Whether you’re chasing long-term gains or short-term profits, BAY Miner offers the ideal platform.

It’s time to ditch the outdated mining methods. Step into the future with BAY Miner — where anyone, anywhere, can earn over $58,000 monthly with just a phone in hand.

Official Website: www.bayminer.com
App Download: https://bayminer.com/xml/index.html#/app

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Press Release

Cold Wallet’s $270M Deal Just Unlocked 2M Users, Is CWT the Next Top Crypto Coin at $0.00924?

Published

3 weeks ago

on

July 31, 2025

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Ownership without reward feels incomplete. In crypto, where self-custody is often equated with empowerment, too many wallets still treat user activity as a fee stream instead of a feedback loop. Cold Wallet ($CWT) and Plus Wallet represent two sides of a new model, one built around actual incentives. 

While Plus Wallet proved that simplicity can scale to millions in months, Cold Wallet has quietly built the mechanics to turn that usage into real, repeatable value. By acquiring Plus Wallet, Cold Wallet didn’t just gain users; it activated a 2M+ entry point for a reward system powered by CWT, placing it ahead in the race to become a top crypto coin. 

Avalanche AVAX Technical Setup Hints at Rebound Potential After Q2 Pullback

Avalanche AVAX technical setup currently reflects a textbook retracement pattern, with price action stabilizing around the 38.2% Fibonacci level after its recent correction from $26.53 to $22.53. This zone has historically served as a reliable support range, and the latest data shows the coin holding its ground while buyers cautiously re-enter.

In addition, what adds weight to the rebound thesis is on-chain activity. Avalanche recorded a 169.9% increase in daily transactions and a 110.4% jump in active addresses in Q2 2025. This suggests growing utility and renewed user interest, both of which provide a strong backdrop for price recovery. 

Pi Coin Price Gears for Tactical Rebound Amid Infrastructure Updates

Recent analysis shows Pi Coin price finding a potential floor near ~$0.40, with slowing token unlocks easing immediate selling pressure. Analyst Dr Altcoin suggests this dip may mark a bottoming phase, hinting at a cautious recovery ahead. 

At the same time, market sentiment also benefits from usability advances. Binance-related support integrations and on‑ramps via Swapfone have simplified access, potentially enhancing liquidity and attracting new buyers. Speculation around a Binance listing adds speculative interest that may feed into price action. 

Moreover, technical indicators reinforce this cautious optimism. MACD is approaching a bullish crossover while Pi remains above near-term support at ~$0.61. A breakout above resistance near ~$0.71 could spark upward momentum. 

Cold Wallet + Plus Wallet: A $270M Power Move Toward Mass Adoption

Cold Wallet’s $270 million acquisition of Plus Wallet marks a defining moment in the race for self-custody dominance. With over 2 million users onboarded in just seven months, Plus Wallet brings more than numbers; it brings momentum. Notably, its rapid user growth and emphasis on clean UX directly address what legacy wallets like MetaMask and Trust Wallet have failed to solve: accessibility for the average user.

Furthermore, this isn’t just another consolidation. It’s a calculated move that puts Cold Wallet on the fast track to scale, pairing its cashback rewards model with a plug-and-play user base already accustomed to transacting regularly. For users, the merger means a smoother path to value: earn CWT rewards on every move, inside an interface that doesn’t require a manual.

Previously, the $2 million domain purchase signaled intent. Now, this acquisition confirms the ambition. Cold Wallet isn’t just building from scratch; it’s absorbing strategic growth engines that compress adoption timelines.

As a result, for a platform that’s flipped crypto participation from cost to cashback, this deal aligns perfectly: more users, lower friction, higher engagement. With Plus Wallet’s infrastructure and Cold Wallet’s reward mechanics now on the same rails, they’re not chasing market share; they’re designing the default.

Ultimately, Trust Wallet and MetaMask may have legacy, but Cold Wallet now has something more powerful: scale with momentum and a model that rewards every click. 

Cold Wallet’s Shortcut to Scale Isn’t Just Bold, It’s Tactical

Growth doesn’t always come from the ground up. Sometimes, it comes from spotting momentum and plugging it into a system built to reward it. Cold Wallet’s acquisition of Plus Wallet isn’t just a headline; it’s a structural shift. 

With over 2 million active users now one step away from real-time crypto rewards, the mechanics are in place for rapid adoption of the CWT token. While others focus on adding features, Cold Wallet is expanding its reach. And in a space where utility needs traction to matter, this move positions it not just as another player, but as a top crypto coin in the making.

Explore Cold Wallet Now:

Presale: https://purchase.coldwallet.com/
Website: https://coldwallet.com/
X: https://x.com/coldwalletapp
Telegram: https://t.me/ColdWalletAppOfficial

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Press Release

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

Published

1 month ago

on

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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