Markets

The Commodity Futures Trading Commission (CFTC) announced the addition of key industry members to the newly constituted Technology Advisory Committee (TAC). The official press release stated that the agency has appointed White House official Carole House as the new chair, while blockchain analysis company TRM Labs’ Ari Redboard has been onboarded as the vice chair of its Technology Advisory Committee. Committee Members The Technology Advisory Committee will be joined by...

Popular UK-based financial institution National Westminster Bank (NatWest) has restricted the funds its customers can spend on crypto purchases to reduce their exposure to the volatile asset class. According to a Bloomberg report, NatWest account holders now have a transfer limit of £1,000 ($1,215) per day or £5,000 ($6,090) every 30 days into crypto exchanges. NatWest Restricts Customers’ Crypto Activity NatWest, the UK’s third-largest bank by market capitalization, said the...

Crypto firm Paxos has said it’s expecting to face charges from the Securities and Exchange Commission (SEC) over its issuance of BUSD, the Binance-centered stable coin. It is believed by the financial agency that the company has been issuing the currency as a non-registered security. Paxos Will Likely Be Charged By the SEC The New York state financial regulator has issued a cease-and-desist letter to Paxos claiming that the firm should not be providing investors with...

Bitcoin’s price has surged over the last couple of days and has broken past a key resistance level. While the momentum is highly bullish, there are some caution signals to look out for. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has rebounded decisively from the significant 200-day moving average, located around the $20K mark a few days ago. Since then, the market has been trending impulsively to the upside, finally breaking above the $25K...

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Patrick Duffy – a certified public accountant (CPA) – is just one of several people in the Bay Area (San Francisco, CA) that appears to have fallen victim to heavy crypto fraud purportedly being conducted by a firm known as 7 On Your Side. Patrick Duffy Has Lost Some Cash Duffy commented in a recent interview that he’s been involved in digital currency for a little while, though he hasn’t actually invested in any specific assets. Rather, he’s put money into crypto and...

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ADA price is showing positive signs above the $0.3200 zone against the US Dollar. The price is now trading above $0.320 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3500 on the 4-hours chart (data feed via Bitfinex). The price could resume its increase if it stays above the $0.328 and $0.320 support levels. Cardano price is rising above $0.3350 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price is moving higher above the $1,620 resistance against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,625 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,600 support zone. Ethereum price is consolidating above the $1,620 level against the US Dollar. ETH/USD could rise further if it...