U.S. Senator Margaret Hassan has requested that government agencies take “additional targeted steps to prevent and prosecute the use of cryptocurrency for criminal purposes.” She expressed her concern over “the rise in the use of cryptocurrency for criminal purposes.” US Senator Requests Agencies Take Steps to Prevent and Prosecute Use of Crypto for Criminal Purposes …
Monthly archives: September 2021
Coinbase Announces Ambitious Plans To Expand Customer Offerings on Its Platforms
US crypto exchange Coinbase is seeking membership with the National Futures Association (NFA) amid proposed plans to expand its customer offerings. The company says it is pushing to offer futures and derivatives trading on its platforms. In an interview with The Scoop podcast, head of institutional sales Brett Tejpaul said that Coinbase is already working …
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Biden Administration Preparing To Combat Crypto Ransomware Payments – Here’s How
The Biden administration plans to counter the use of cryptocurrencies during ransomware attacks by imposing sanctions. The U.S. Department of the Treasury plans to hit unnamed targets with sanctions as soon as next week, rather than disabling entire sections of the blockchain infrastructure where fraud is suspected to occur, according to the Wall Street Journal. …
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Crypto Hedge Fund Founder Ordered To Surrender $54,793,000 and Sentenced to Over Seven Years for Digital Asset Scam
Audrey Strauss, the US Attorney for the Southern District of New York, announced that Australian national Stefan He Qin, founder of two New York-based cryptocurrency hedge funds, was sentenced to prison for 90 months. Qin is the founder of Virgil Sigma Fund LP and the VQR Multistrategy Fund LP (VQR). The two crypto hedge funds …
Cardano Announces Launch of Custom DeFi Platform After Rolling Out Smart Contracts
Blockchain network Cardano (ADA) says it’s preparing to launch its own decentralized finance (DeFi) platform after completing a crucial mainnet upgrade last week. The recent rollout of ADA’s Alonzo hard fork brought smart contract functionality to the blockchain, giving Cardano developers their first crack at launching DeFi platforms, decentralized applications (DApps), and non-fungible tokens (NFTs) …
Price analysis 9/17: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, LUNA
Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong floor on any declines. On the upside, analysts remain bullish. Bloomberg Intelligence chief analyst Mike …
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Finance Redefined: Maverick Vitalik in Time Mag, Sept. 13–17
Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Despite Cardano founder Charles Hoskinson’s claim that the DeFi space is now “up for grabs,“ it was rival Vitalik Buterin who stole the headlines this week with a feature in Time Magazine. What you’re about to read is the smaller version of this …
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Veteran trader explains when it’s the best time to cash out of the market
2021 has been a wild ride for the cryptocurrency market as Bitcoin shocked its naysayers by setting a new record high at $64,863, and the DeFi and NFT sector made headlines around the world. Crypto traders need to be wary of times like these because the notoriously volatile nature of the cryptocurrency market can see …
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Texas and New Jersey regulators go after Celsius Network
The Texas State Securities Board has filed for a hearing with the potential to impose a cease and desist order against crypto lending firm Celsius Network for not offering securities licensed at the state or federal level, while the New Jersey Bureau of Securities has ordered the platform to stop offering and selling interest-earning cryptocurrency …
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The League Of Parachains: Polkadot
Polkadot has a novel answer to the multi-chain problem analogous to coexistence between nation states within the international community. Each nation pursues its own destiny and vision for the future, yet these disparate cultures come together to form alliances, engage in trade and live in a world of diplomacy rather than warfare. This is the …
Bybit Launchpad Debuts With BIT Token Listing
September 17, 2021 – Singapore, Singapore Bybit, a popular platform for crypto lovers around the globe, has announced today its token launch site Bybit Launchpad. The first new token to feature on Bybit Launchpad will be $BIT. Introducing Bybit Launchpad Bybit Launchpad is designed to help connect innovative crypto projects and users who may be …
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Crypto Asset That Surged More Than 8,600,000% This Year Now Listed on Coinbase
Coinbase is continuing its recent spree of listing new crypto assets by adding support for a popular Dogecoin (DOGE) copycat. The exchange’s newest addition is Shiba Inu (SHIB), a meme token that aims to be an Ethereum-based alternative to DOGE. ADVERTISEMENT The 47th-ranked asset by market cap was trading at $0.00000000008 on January 1st. …
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Solana chart ‘bull flag’ eyes $250 despite SOL price down 40% since last week
Solana (SOL) price extended its slide on Sept. 17 as a major network outage over the past week — pointing to heightened security risks — hit traders’ confidence. The SOL/USD exchange rate fell up to 13.27% to its intraday low of $133.53 in a corrective trend that began after it topped out near $221.38 on …
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Canadian politician says he supports Bitcoin as federal election looms
Maxime Bernier, founder and leader of the People’s Party of Canada, has said he supports the adoption of cryptocurrencies in the country. In a Tuesday tweet, Bernier said cryptocurrencies are “another new and innovative way” to counter the actions by central banks, which he claimed are “destroying our money and economy.” The Canadian politician has …
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Here’s how traders knew LUNA and RAY were on the verge of a bullish breakout
Online information flows have a tremendous influence on the prices of crypto assets. Just this week, investors witnessed how even fake news can sometimes make the market value of a token explode, even if for just an hour. Fortunately, the effects of legitimate news tends to last longer, but the trick for investors is to …
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