Monthly Archives: October 2020

What BitMEX scandal? Bitcoin futures data shows traders focused on $12K

Bitcoin futures and options sentiment held steady despite the BitMEX and Kucoin news, signaling a $12K bull run is near. BitMEX used to be the indisputable leader of Bitcoin (BTC) futures trading and if something similar to yesterday’s civil enforcement action were to happen back in 2015-2018 the crypto markets would have completely collapsed. Regardless of partial recovery to $10,600, which was relatively quick, derivatives markets held steady during the $500 drop down to $10,400. Neither BTC futures or options displayed any signs of discomfort to the […]

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Pro-crypto Colombian congressman highlights legalization challenges

He went so far as to call for the preconceptions surrounding crypto to be demystified. Mauricio Toro, Colombian congressman of the Alianza Verde party, has authored a draft bill meant to regulate the crypto industry within his country. During a recent interview with Confidential Colombia, Toro outlined some of the hurdles his proposed legislation may face. Toro, who believes Colombia is lagging behind other nations in terms of crypto regulation, said that one of the main challenges is to make certain that the crypto industry is compliant […]

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CFTC promises to protect ‘the burgeoning markets for digital assets such as Bitcoin’

The CFTC continues its roll of crypto announcements this week in a recent fraud bust-up. On Friday, the Commodity Futures Trading Commission made a fraudster pay back $7.4 million to investors while vowing to protect the Bitcoin market. Per the CFTC’s announcement, James McDonald, Director of the commission’s enforcement division, said The CFTC will continue working to protect our markets, including the burgeoning markets for digital assets such as Bitcoin, from fraudulent schemes, and will work in parallel with our criminal law enforcement colleagues where appropriate. Today’s announcement concerns […]

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Technology itself is deflationary, Diginex CEO says

Answers on money printing and rising markets during a pandemic. Over the years, technology has improved by leaps and bounds, therefore making life more cost-effective and efficient. Such technological improvements, however, may not save citizens money as intended, due to inflationary efforts, according to Diginex CEO Richard Byworth. “Technology is just so deflationary on many of our goods and services,” Byworth told Cointelegraph in an interview. Diginex stands as a company helping produce framework for blockchain and crypto solutions.  Byworth remembers buying music albums on CDs decades ago, […]

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Law Decoded: The year of the Crypto Futures Trading Commission, Sept. 25–Oct. 2

The end of the U.S. federal government’s fiscal year brought a cascade of major announcements from agencies. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note In a tweet late last night, President Trump said that he and Melania had tested positive for COVID-19. If you weren’t already aware of that, you may want to catch up on a deluge of wishes for life and death, alongside speculation as to Trump’s announcement being a hoax, […]

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Stacking Satoshis: Leveraging Defi Applications to Earn More Bitcoin

As decentralized finance (defi) has become more popular, digital currency proponents are making money off of more than 140 yield-bearing cryptocurrencies. While most of the defi ecosystem revolves around the Ethereum network, a number of people leverage these defi applications in order to earn more bitcoin. The following list is a few defi platforms that allow individuals to stack satoshis by utilizing liquidity pools and lending apps. A great number of people hold bitcoin (BTC) for a long period of time whether in a noncustodial wallet or […]

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Price analysis 10/2: BTC, ETH, XRP, BCH, BNB, DOT, LINK, CRO, BSV, LTC

The bulls are buying the dips in Bitcoin and a few altcoins, suggesting that investor sentiment remains positive. The shallow pullback in Bitcoin (BTC) following the news of the CFTC’s regulatory crackdown on BitMEX and the late announcement that U.S. President Donald Trump tested positive for coronavirus shows that the underlying sentiment is still bullish. Generally, most damage during such periods of negative news flow is caused by the squaring up of leveraged positions. Data shows that Bitcoin futures volume and open interest has been dropping since […]

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Coinbase customers can now dodge bank withdrawal wait times

New update from Coinbase quickens the transmutation of crypto into fiat. Coinbase has unveiled a faster way for its customers to move digital currencies out of crypto and into their bank accounts. The U.S. friendly crypto platform now allows 40 different countries faster cash withdrawals, Coinbase wrote in a Oct. blog post. “Customers in the U.S., U.K. and Europe can withdraw funds with a linked Visa debit card,” the post said. “In the U.S., customers will be able to also withdraw funds with their Mastercard.” This fresh […]

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The Cardano Foundation will preserve its independence, says new CEO

This inherent separation of power is all in accordance with Charles Hoskinson’s vision. The Cardano (ADA) ecosystem has a complex governance structure, not dissimilar from the way the U.S. democracy operates, with its built-in checks and balances.  There are three main players: the Cardano Foundation, EMURGO and IOHK; according to the Foundation’s incoming CEO Frederik Gregaard, the governance will only get more complicated as more organizations join. He also said that he intends to maintain the Foundation’s independence from Cardano’s founder and IOHK CEO, Charles Hoskinson, who […]

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With Round 1 Fully Sold Out, ClinTex Launches Round 2 of the CTi Token Sale

2nd October 2020, London, United Kingdom: The lack of coordination, and major issues with bureaucracy are taking a heavy toll on the medical trials industry. Costing anywhere from $600,000 to upto $8 million USD per day, every single day a medicine is delayed not only leads to huge financial losses, but also affects millions of people as they are deprived of crucial, life saving drugs. And ClinTex’s solution comes at the perfect time – With the disruption of the $350bn/year medical trials market firmly in their sights […]

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