Is BitMEX too big to fail, or are the charges a serious threat? On the morning of Oct. 1, the United States government authorities in New York issued indictments for four of the senior team of BitMEX, the famed “wild card” exchange based in Hong Kong. Despite that, the crypto exchange still continues to operate […]
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Three blockchain analytics firms reportedly have Monero-tracking abilities, which could affect XMR price — but can anyone actually track it? Recently, the United States Internal Revenue Service caused a stir in the crypto community when it put a bounty on the head of anonymity-focused crypto-asset Monero (XMR), offering $625,000 to anyone who could effectively track […]
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Bitcoin’s stability throughout an eventful week shows traders are confident that the bullish uptrend will resume soon. Bitcoin (BTC) price appears on the verge of closing another week pinned below the $11,000 resistance but given the major events of the week, things could have been so much worse. Cryptocurrency daily market performance snapshot. Source: Coin360 […]
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Gemini, Binance, OKEx and Huobi appear to be the biggest gainers of the BitMex fallout. Over 45,000 Bitcoin has been withdrawn from BitMex since the U.S. government levied charges against the exchange and its leadership. October 1 brought two devastating blows to BitMex. First, the CFTC and DOJ brought charges against the exchange. Shortly thereafter, its founders […]
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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 […]
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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. […]
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Bitcoin price slipped as the Dow Jones sharply dropped, but three key reasons might prevent a prolonged pullback. The United States stock market plunged as the Dow Jones Industrial Average (DJIA) dropped 358 points in pre-market trading. The Bitcoin (BTC) price dropped to as low as $10,374 across major exchanges, but a larger pullback is […]
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The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up. One of the Founding Fathers of the United States, Benjamin Franklin, once said: “But in this world, nothing can be said to be certain, except death and taxes.” While this phrase was realized in 1789, the same […]
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The winning bidder will need to provide the auction house with a crypto address hosted on a registered, compliant trading platform. The Romanian authorities are set to host their first-ever auction of cryptocurrency, seized from a fraud case. On Oct. 2, the National Agency for the Management of Seized Assets (ANABI) announced its forthcoming auction […]
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Wrapped Bitcoin is now even safer with Chainlink oracles checking custody wallets every ten minutes. Wrapped Bitcoin custodian BitGo has adopted Chainlink’s Proof of Reserve mechanism in order to boost the transparency and auditability of the tokenized asset for DeFi protocols. The functionality, which is currently live on testnet, enables Ethereum-based dApps to completely automate […]
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