Day: June 19, 2019

CFTC Launches Action against U.K. Firm for Laundering More than 22,800 Bitcoin (BTC)

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According to a report by Finance Feeds published on June 18, 2019, the U.S. Commodity Futures Trading Commission (CFTC) has filed a complaint against a U.K.-based firm named Control-Finance Ltd. and its sole Director Benjamin Reynolds. The regulator reported that they stole more 22,800 bitcoin (approx. $147 million) from customers by guaranteeing them healthy profits on their investments. Investors Duped of $147 Million Worth of BTC Per sources close to the matter, the U.S. watchdog filed a complaint with the New York Southern District Court against Control-Finance Ltd. alleging that…

Ripple (XRP) Price Approaching Key Supports: Can Bulls Regain Strength?

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Ripple price started a downside correction after rallying towards $0.4630 against the US dollar. The price declined sharply and broke the $0.4400 and $0.4300 support levels. This week’s followed bullish trend line was breached with support near $0.4365 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently holding the $0.4200 support level and is trading near a key resistance area. Ripple price is currently struggling to hold gains against the US Dollar and bitcoin. XRP is likely to climb higher again as long…

Ethereum (ETH) Price In Corrective Decrease: $260 Support Holds Key

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ETH price started a downside correction after it failed to clear $275 against the US Dollar. The price declined below the $265 support level, but it is holding the $260 and $262 supports. Recently, there was a break above a declining channel with resistance at $264 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to climb higher again as long as it is trading above the $260 support area. Ethereum price is showing signs of a correction versus the US Dollar, and remains bearish…

U.K Brokerage Firm TP ICAP to Trade Bitcoin Derivatives

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According to a Bloomberg article published on June 17, 2019, financial services firm TP ICAP is set to enter the cryptocurrency industry starting with offering cash-settled futures contracts on the Chicago Mercantile Exchange (CME). Another Finance Firm Forays into the Crypto Industry As bitcoin (BTC) looks to regain its lost momentum, a number of traditional firms are steadily warming up to the unpredictable crypto waters to rejuvenate their slowing core businesses – the latest being TP ICAP. Per sources close to the matter, the company’s ICAP offshoot now enables its…

TRON Announces MainNet Upgrade Designed to Enhance Security and Convenience

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Odyssey, the mainnet for the blockchain-based platform TRON, will be upgraded to version 3.6 soon, according to an official blog post by the TRON Foundation on June 18. The TRON network aims to be a platform for creating entertainment-focused decentralized applications (DApps). As stated in the post, developers can create DApps on both the TRON protocol as well as the Tron Virtual Machine. Odyssey version 3.6 will reportedly contain new features designed to make DApp creation easier, as well as provide network protection from bad actors. As per the report,…