Altcoins

Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24, where he added that he thinks Gary Gensler, chair of the SEC, thinks otherwise or at least hasn’t certainly declared one or the other.Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has reaffirmed that Ethereum, the second-biggest cryptocurrency in the crypto market, is a commodity.Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24,...

The CFTC has been working closely with the SEC to help provide crystal clear cryptocurrency regulations.The cryptocurrency market is getting shaped by global geopolitics. In the United States, the Commodity Futures Trading Commission (CFTC), under Chair Rostin Behnam, has been at the forefront of cryptocurrency industry regulations. However, it has been regarded as a friendlier regulator than the Securities and Exchange Commission (SEC).During a panel discussion hosted by law firm Lowenstein...

ADA price seems to be forming a support base above the $0.34 level against the US Dollar. The price is now trading above $0.35 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.375 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.380 and $0.400 levels. Cardano price is showing positive signs above $0.350 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price is gaining pace above the $1,300 level against the US Dollar. ETH price is now trading above $1,320 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,320 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it clears the $1,370 resistance zone. Ethereum price is rising above the $1,320 level against the US Dollar. ETH/USD could rise further if it clears the...

South Korea’s top monetary regulator – the Financial Service Commission (FSC) – thinks cryptocurrencies and stablecoins could facilitate money-laundering activities. As such, it will reportedly closely monitor the actions of the country’s largest crypto holders (those who own over $70,000 worth of digital assets). According to a local coverage, the Financial Intelligence Unit (a division of the FSC) will oversee the transactions of South Korea’s crypto whales. The regulator...

Kim Kardashian has agreed to pay a $1.26 million fine to the Securities and Exchange Commission (SEC) due to what may have been an unlawful promotion of a new digital currency known as Ethereum Max. Kim Kardashian Settles with the SEC Kardashian is not in trouble for promoting the currency. This happens all the time with celebrities, though what Kardashian allegedly failed to do was tell all her social media followers she was promoting the asset that she had garnered...

Binance CEO Changpeng Zhao revealed that the company has most of the compromised funds and is ‘narrowing down’ the identity of the hacker.Crypto exchange Binance is reportedly narrowing down the identity of the hacker behind its $570 million crypto attack. This development comes after the company’s CEO Changpeng Zhao revealed that Binance received a tip from law enforcement. As Zhao put it:“We’re still actually chasing … helping [authorities] to chase the bad players, working with law...

Since the announcement, the Freeway (FWT) token has sunk to approximately eighty percent.Crypto platform Freeway has recently paused a few operations due to unforeseen instability in the foreign exchange and crypto marketplaces.In a post by the company on October 23rd, the platform revealed its plans to pause purchases and deposits. It also disclosed the company’s plans to cancel plans of buying Supercharger simulations until a new strategy is chalked out for the way forward. The...

Stellar lumen price started a fresh decline from the $0.1165 resistance zone against the US Dollar. XLM price is now trading below $0.1120 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.1100 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.1080 and $0.1065 support levels. Stellar lumen price is trading below $0.1200 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.5500 resistance against the US dollar. The price is now trading below $0.500 and near the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4580 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it clears the $0.4850 and $0.5000 resistance levels. Ripple price is struggling below $0.500 against the US...