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MTI’s self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said. The top U.S. commodities watchdog charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud on Thursday, alleging the global, multilevel marketing scheme “misappropriated” all of the bitcoin it amassed. The Commodity Futures Trading Commission (CFTC)describedthe case as its “largest ever fraud...
Investors who purchased a breadbasket of blue chip coin offerings about five years ago would have generated an 819% return, even with the current bear market; most cryptos fell in Tuesday trading. Investors who hodled bluechip ICOs generated sizable returns. (Cryptograffiti) Good morning. Here’s what’s happening: Prices:Bitcoin slogs toward $20K; ether and other cryptos slide. Insights:The performance of blue chip...
With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 BTC. With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning...
Coinbase Derivatives Exchange hopes to capitalize on a market that is $3 trillion in volume worldwide and provide hedging options for traders. Coinbase Derivatives Exchange, formerly known as FairX,is launchingits first crypto derivatives product this month, hoping to attract more retail traders. The CFTC regulated futures exchange will launch its derivatives product, Nano Bitcoin futures (BIT), on June 27, according...
Ransomware actors raked in all-time-high of $731 million in crypto payments in 2021 – and 2022 is on track to be another record year for crypto-enabled cyber crime. Chainalysis CEO Michael Gronager (Danny Nelson) Blockchain research firm Chainalysis has launcheda new hotlinethat will provide support for organizations that have been targeted by a crypto-related cyber attack or ransomware demand. The...
The price of bitcoin bounced 16.7% off of its Saturday lows. Ether followed with a 29% gain. Bitcoin surged past $20,000 Sunday afternoon to $20,580 a coin, a 16.9% gain off its Saturday lows. The rally comes just one day after bitcoin, the largest cryptocurrency by market capitalization, fell below $20,000, its lowest price since November 2020. As of press...
Kristin Johnson also suggested her agency might be able to be more responsive than the SEC because it's smaller. Kristin Johnson, one of the newest commissioners of the Commodity Futures Trading Commission (CFTC), said that while her agency may be smaller than the Securities and Exchange Commission (SEC), she likes its chances of becoming a primary regulator for the crypto...
As firms shiver from the harsh effects of thecrypto winter,Binancehas announced plans to aggressively expand its reach by hiring and striking lucrative deals. Changpeng Zhao, Binance’s CEO, hasshared plansfor the largest exchange in the world to bolster its staff strength with new hires amid the unsavory prices in the markets. He disclosed this at the Consensus 2022 conference through a...
A weak macroeconomic environment and systemic risk from within the crypto space have caused nearly twelve successive weeks of losses for the asset. Bitcoin plunged to below $25,000 amid a weak macroeconomic environment. (Mike Powell/Getty Images) Bitcoin (BTC) plummeted under $25,000 on Monday morning amid weakness in the macroeconomic environment and systemic risk from within the crypto market, data shows....
Drop Party uses merchandise drops to connect brands and consumers Digital payments firm Flexa plans to buy marketing technology company Drop Party to engage with customers through various online campaigns. Terms of the deal weren’t disclosed. Drop Party is an online agency that uses merch drops to connect brands and consumers. Under Flexa, Drop Party will continue its mission and...
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