Crypto news

The United States Commodity and Futures Trading Commission (CFTC) has ordered Tether and Bitfinex to pay fines worth $42.5 million. In a release from today, October 15th, Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited – all companies associated with the issuer of the largest stablecoin USDT, Tether, were ordered to pay a fine worth $41 million. This was issued by the CFTC on the grounds of “misleading statements and...

For the first time since April, Bitcoin’s price is back at $60,000. It’s a major psychological level, even though, from a technical standpoint, it doesn’t contain that much resistance. In any case, this followed a considerable weekly increase and rumors of the approval of a futures-backed Bitcoin ETF in the US. Let’s take a dive. This time last week, Bitcoin was trading at around $54K, but it was mostly up from there. It had almost reached $58K by Tuesday when BTC went...

Ethereum Ethereum managed to increase by 6.4% this week as it continues to climb higher inside an ascending price channel. The price channel formed at the start of October after ETH found support and reversed at $2800. Last week, ETH found resistance at $3600, causing it to fall into the support at $3400. It bounced from $3400 on Wednesday as it hit the lower boundary of the price channel. Yesterday, ETH managed to break $3600 and push higher into resistance at $3790 (bearish...

[PRESS RELEASE – Tallinn, Estonia, 14th October 2021] Leading digital asset wealth management platform grows assets to $339 million and sponsors West Ham United just eight months from public launch. YIELD App, a FinTech company and digital asset wealth management platform, has published its Q3 report, showing the firm continuing on a strong growth trajectory over the third quarter of 2021, which saw it double its managed assets and strike a high profile partnership with...

Binance, the world’s biggest cryptocurrency exchange, has continued to express its support for the ecosystem development of the sharded heterogeneous multichain blockchain network, Polkadot. In an official announcement on Friday, the company revealed that it will start the Polkadot Parachain Slot Auction which is scheduled to commence in November. “A separate announcement will be posted with more details. Please stay tuned for the upcoming initiatives!,” the exchange said....

Ravendex, a new Cardano project has made a demo version of its first decentralized exchange, having features like Swap Pools, Light & Dark Mode. While the company continues to make rapid progress after the private token sale started, which has 100 million $RAVE tokens available for the investors, while 82 million $RAVE tokens are already said to be sold out. Ravendex team is committed to launching a working DEX on the cardano ecosystem before the year ends. The...

Bitcoin cash price started a major increase above the $550 zone against the US Dollar. The price is now trading above the $600 zone and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $602 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating gains and it could eye more upsides above $635 and $650. Bitcoin cash price is showing positive signs above $600 against the US...

Coinbase, the leading exchange in America, wants to take the relationship with the U.S. government to the next level, issuing a fairly comprehensive proposal on how it believes the cryptocurrency markets and industry should be regulated in the country. In a presentation titled “Digital Asset Policy Proposal,” the company explains that the ecosystem has grown so much that today it is imperative to improve the regulatory framework, adapting it to the needs of modern society....

Binance – the world’s largest cryptocurrency exchange – recently hired Mark McGinness as its Chief Regulatory Liason Officer. McGinness is a former Head of International Relations at the Dubai Financial Services Authority (DFSA). How McGinness Helps Binance According to a press release shared with CryptoPotato, the hire is part of Binance’s effort to better cooperate with regulators. They’ve made many recent hires for similar purposes, expanding its compliance team by over...

Compassion International – a leading company platform in the field of child development and one of the biggest nonprofits in the United States – has partnered with Engiven, Inc. The purpose? To establish a system that will allow it to accept crypto donations in the future. Compassion International Gives a Greenlight to BTC Payments Engiven is a cryptocurrency donation platform, and it is working to bring the reality that was always designed for bitcoin and its digital...