Crypto news

It pays to be a miner and process cryptocurrency transactions on a proof-of-work blockchain. The Ethereum miners know this especially well as they made a record $166 million last month from transaction fees. Bitcoin miners, however, could barely manage to scoop up $26 million.Ethereum Miners Made 6X More Money Than Bitcoin Miners in SeptData from on-chain insights provider Glassnode shows that miners operating on the second most popular blockchain platform made a hefty $166 million from...

Bitcoin’s price continues to tumble in response to yesterday’s breaking news that the United States Commodity and Futures Commission (CTFC) and the Federal Bureau of Investigation (FBI) have both decided to take legal action against leading Bitcoin derivatives exchange, BitMEX. $18 billion has been wiped out from the global crypto market since the announcement, and over $20.3 million worth of long positions have been liquidated on BitMEX. There’s also talks that the market...

Recent data revealed that cryptocurrency traders had withdrawn the first batch of 23,200 BTC (worth over $240 million) from BitMEX in the initial hours following yesterday’s developments.This substantial amount represented about 13% of all bitcoins held on the popular Bitcoin derivatives exchange.The Glassnode data indicated that this is the “largest hourly BTC outflow from BitMEX” since the company keeps track. Bitcoin Withdrawals on BitMEX. Source: GlassnodeThe withdrawals accelerated in...

The principal of a cryptocurrency escrow company, Jon Barry Thompson, has pled guilty in Manhattan federal court to commodities fraud. In 2018, he took over $3 million from one company and failed to deliver bitcoins worth that amount.Crypto Fraudster Pleads GuiltyThompson served as the director of Volantis Escrow Platform LLC and Volantis Market Marking LLC. According to the statement from the US Department of Justice (DOJ), he issued numerous promotional materials on behalf of the two...

Yesterday, the United States Commodity Futures Trading Commissions (CFTC) filed charges against BitMEX and its executive team, pressing both criminal and civil allegations. Its CTO, Samuel Reed, was arrested. The platform’s CEO, Arthur Hayes, and its cofounder Ben Melo are still under the radar.The news spread quickly throughout Crypto Twitter, and of course, the community reacted with mixed but well-argued opinions.The Bitmex Case is BadAs soon as the news came out, the nervousness of the...

Following a positive Covid-19 test result from one of Donald Trump’s closest aides, the POTUS himself took the test which produced the same result for him and the First Lady. He tweeted the news a couple of hours ago.Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!— Donald J. Trump (@realDonaldTrump) October 2, 2020Global stock markets have already reacted in a heavy slide, and crypto markets...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 983. Im heutigen Video geht’s um folgende Themen: CFTC klagt BitMEX wegen unrechtmäßigem Derivathandel an, Bitcoin vor den Behörden sicher bis zu diesem Preis & World-of-Value-Investmentkonferenz. 1.) CFTC klagt BitMEX wegen unrechtmäßigem Derivathandel anhttps://de.cointelegraph.com/news/cftc-charges-bitmex-with-illegally-operating-derivatives-exchange 2.) Stärkere Regulierung – Bis zu diesem Preis ist...

Bitcoin was riding high around $10,900 before dumping below $10,500 following the controversial BitMEX news from yesterday. Most alts have copied the move downwards, resulting in a $15 billion loss for the market cap.Bitcoin Tumbles On BitMEX NewsAs CryptoPotato reported yesterday, the US Commodity and Futures Trading Commission charged the owners of one of the largest Bitcoin derivatives exchange, BitMEX, for illegally operating the platform and anti-money laundering violations.Being such an...

Bitcoin cash price failed to clear the $235 resistance and declined sharply against the US Dollar.The price is now trading near the key $220 support and the 55 simple moving average (4-hours).There was a break below a crucial bullish trend line with support near $227 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either continue lower towards $200 or it might recover from the $220 support.Bitcoin cash price is struggling to hold gains above $220 against the...

It looks like banks and financial institutions are still split right down the middle when it comes to cryptocurrency.Many Banks Are Still Iffy on the Subject of CryptoFor the most part, the gap between both centralized and decentralized finance has been somewhat bridged over the past few months. After all, many banks have now been given the green light to offer crypto custody services to their customers, but how many are looking to do this willingly?It appears many of them are still having...