The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that cryptocurrency “is not going to end well if it stays outside the regulatory space.” The SEC has been criticized for taking an enforcement-centric approach to regulating the crypto industry. SEC Chair Says Crypto Will Not End Well Staying Outside Regulations SEC …
Monthly archives: September 2021
Another Ethereum mining pool forced to close due to China crackdown
BeePool, the fourth largest Ethereum mining pool, is closing amid China’s crypto crackdown. The China-based Ethereum mining pool announced on Tuesday it will suspend operations “in response to the latest regulatory policies.” Effective immediately, the registration of new users and the addition of sub-accounts for existing users will be discontinued, and all mining access servers …
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Dapper Labs to launch Top Shot for NFL, as FTX signs the Packers’ Aaron Jones
Dapper Labs, the creators of NBA Top Shot and top crypto derivatives exchange FTX are both turning to the National Football League as part of their expansion initiatives. Dapper Labs is reportedly working on an NFL collectibles marketplace, while FTX has signed an endorsement deal with star running back Aaron Jones of the Green Bay …
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EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption
Decentralized finance (DeFi) has become an increasingly important addition to the Cardano network following the launch of smart contracts capability. Developers have been working since the Alonzo hard fork to bring their DeFi solutions to the ecosystem. But with decentralized finance already underway on blockchains such as Ethereum and Solana, Cardano has had to play …
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Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling
On-chain data shows whale ratio has exceeded the 0.50 mark, historically a sign that whales are dumping in the short term. Bitcoin Whales Have Started Selling Their Coins As pointed out by a CryptoQuant post, the Bitcoin whale ratio has started going up above the 0.50 level. This signal has usually meant a bearish outlook …
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Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown
China continued its crackdown on crypto, leading to massive amounts of bitcoin and Ethereum being moved from exchanges. Immense pressure from Chinese central banks following the latest iteration of the China crypto ban has seen exchanges suspending operations in the region. In light of this, large amounts of crypto are being moved from exchange wallets …
Trace Network Offers an Extremely Rare Brew as World’s First Craft Beer NFT
Trace Network Labs, which recently announced its foray into the world of NFT and Metaverse, is bringing its first among many Lifestyle items that can be carried to ANY metaverse. Trace has onboarded Vietnam’s award-winning 7 Bridges Brewing Company to launch limited-edition craft beer NFTs that will be metaverse-ready. Considered one of Asia’s most innovative …
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Crypto Roundup: September 27, 2021
Another week of wild volatility has hit the cryptoasset market, as China’s latest ban collides with accelerating adoption to catalyze big market swings. First, fears of the financial collapse of Chinese developer Evergrande sent crypto sliding last Monday, before the market turned around as Twitter added Bitcoin tipping. El Salvador’s President Bukele then bought the …
VORTECS™ Report: This key trading algo spotted bullish altcoin setups even as BTC price fell
Last week was challenging for crypto traders, with Sept. 24’s FUD-triggering crypto-ban news out of China wiping out much of the gains investors managed to rake in earlier in the week. Between Sept. 18 and Sept. 25, the top 100 altcoins shed as much as 14.4% of their aggregate value, while Bitcoin (BTC) lost 12.5%. …
This Explosive Altcoin Is Ready To Go Parabolic After Nearly Doubling in Just Two Weeks, According to Top Trader
A top crypto strategist and trader is keeping a close watch on a red-hot altcoin that he says is ripe to go parabolic even after doubling its value in two weeks. The pseudonymous trader, known in the industry as Pentoshi, tells his 285,000 Twitter followers that he’s bullish on REN, a platform that powers transactions …
‘Last Dip Ever’ Has Arrived for Bitcoin, According to Closely Followed Crypto Trader
A prominent crypto strategist and trader is comparing Bitcoin’s recent slide to when BTC dipped in the spring of 2017 before nearly tripling in value within months. The trader known in the industry as Inmortal suggests to his 75,000 followers that Bitcoin’s price drop that began earlier this month will continue into early October, but …
CFTC hits Kraken with $1.25M in fines over alleged illegal offering
The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto exchange Kraken to pay more than a million dollars in civil monetary penalties related to allegations the exchange is violating the Commodity Exchange Act. In a Sept. 28 statement, the CFTC said U.S.-based crypto exchange Kraken — operating under the name Payward Ventures — …
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Stablecoin launch and NFT integration back COTI’s rise to a new all-time high
The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of decentralized finance (DeFi) and nonfungible tokens (NFT). One project that has benefited from the increased capabilities of blockchain technology and the recent launch of …
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Bitcoin’s Lightning Network Nodes and Channels Achieve Record Highs
The number of Lightning Network nodes on the Bitcoin network has increased by 160% over the past year. The Lightning Network is Bitcoin’s layer-two solution aimed at enhancing the efficiency of Bitcoin’s network. Despite the significant growth over the past year, the number of Lightning Network nodes has only grown by 170% since the beginning …
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U.S Senate candidate proposes Fort Nakamoto as a strategic Bitcoin reserve
The COO of VC firm Thiel Capital and U.S Senate candidate Blake Masters wants to set up “Fort Nakamoto” – a “strategic reserve of Bitcoin,” which he likened to Fort Knox and gold. This move was inspired by China’s renewed crackdown on cryptocurrency last week, which led to further downturns across the market. Masters intends …
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