Congressman Brad Sherman, a vocal critic of the crypto industry, again called for a complete ban on cryptocurrencies. Sherman said Bitcoin had no real use other than to fund illicit activities and warned about the risks cryptocurrencies pose to the political and financial stability in the U.S., he said in an interview with Bloomberg. Cryptocurrencies […]
The Commodities and Futures Trading Commission (CFTC) has started an investigation into BitMEX, the largest margin trading platform in the crypto market, according to a Bloomberg report. BitMEX, along with other major margin trading platforms, have not allowed U.S. customers to trade derivatives on the platform to avoid scrutiny from U.S. regulators. The unexpected move […]
The post What the CFTC investigating BitMEX could mean for the Bitcoin and crypto market appeared first on CryptoSlate.
The total amount of Wrapped Bitcoin (WBTC) locked in the Kyber Network had almost tripled in a single day, DeFi Pulse reported. The sudden increase in WBTC reserves could have been a reaction to the news that the DeFi protocol Compound has added WBTC to its offerings. WBTC sees its activity triple on the Kyber […]
The post Total amount of wrapped Bitcoin (WBTC) in the Kyber Network triples after being added to Compound appeared first on CryptoSlate.
The latest results released by the Futures Industry Association (FIA) show some extremely encouraging signs. Not only is the traditional futures industry growing exponentially, but 2018 saw a record number of contracts changing hands globally. Futures and options climbed by 20.2 percent from the previous year to 30.28 billion contracts, an all-time record. The global […]
The post What trading traditional future markets in crypto means appeared first on CryptoSlate.
A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes. The first case of Bitcoin property infringement was resolved in the Hangzhou Digital Court, as first reported […]
The post Chinese court upholds legality of Bitcoin ownership, BTC protected by China’s property laws appeared first on CryptoSlate.
In a historic moment in Congress, pro-cryptocurrency representatives warned the House of Representatives of the “unstoppable” power of Bitcoin, calling for the United States to clarify regulations and seize the lead in blockchain innovation. Meanwhile, Facebook’s Libra continued to face relentless opposition. David Marcus made his second appearance on Capitol Hill this week to testify […]
The post Bitcoin’s allies in Congress, House Committee lauds cryptocurrency while denouncing Libra appeared first on CryptoSlate.
Following a heated debate at the Asia Blockchain Summit, Dr. Nouriel Roubini ramped up his campaign against BitMEX and its CEO, Arthur Hayes. In a recent op-ed piece, Roubini accused Hayes of being involved in “systematic illegal activity” at BitMEX, saying the exchange’s 100-to-one leverage and liquidation profits should be banned. Dr. Doom takes another […]
The post Nouriel Roubini accuses BitMEX CEO Arthur Hayes of ‘systematic illegal activities’ in latest op-ed appeared first on CryptoSlate.
Following a massive sell order of more than 15,000 ETH that triggered a noticeable Bitcoin slump, another Ethereum whale set a buy order for almost 20,000 ETH on Binance. First thought to be a spoof, the order was quickly filled but prompted a widespread discussion on whether this was another whale’s attempt to manipulate the […]
The post Ethereum whale accumulates another 20,000 ETH in massive buy wall appeared first on CryptoSlate.
Bitcoin has been in the spotlight lately after a tweet from U.S. President Donald Trump where he expressed his views on cryptocurrencies, stating that he was “not a fan” of Bitcoin and that its value was highly volatile and based on thin air. Since then, U.S. Secretary of the Treasury Steven Mnuchin held a briefing […]
The post As the U.S. Senate learned about Facebook’s Libra, it realized that Bitcoin cannot be killed appeared first on CryptoSlate.
Binance, the world’s largest cryptocurrency exchange by trading volume, recently revealed that the platform had earned 9.5 million Stellar Lumens (XLM) from staking the cryptocurrency. $775,000 of XLM Will Be Distributed to Binance Users In August 2018, the Stellar team advised Binance’s management regarding how to earn staking rewards by changing various parameters on the […]
The post Binance to distribute 9.5 million Stellar Lumens earned from staking, will add XLM staking support appeared first on CryptoSlate.