Day: February 7, 2020

Derivatives Trading on FTX Suggests Users Think Trump Will Win the 2020 Election

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Crypto derivatives exchange FTX recently launched “TRUMP,” a new futures trading product that lets users bet on President Trump’s re-election in 2020.  “So far most of the volume has traded on the offer, implying that traders think Trump is likely to win re-election,” an FTX representative told Cointelegraph. The TRUMP crypto product is merely a futures contract that is worth $1 if Trump wins the 2020 presidential election and $0 if he does not. TRUMP’s value at any given moment can be understood as an expression of how likely the…

New ‘TRUMP’ Token Giving 62% Odds of US President’s Reelection

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U.S. President Donald Trump tweeted last year he isn’t a huge fan of bitcoin (BTC) and other cryptocurrencies.  They’re “not money,” he wrote in July, saying their value is “highly volatile and based on thin air.” Now, crypto traders outside the U.S. can make their feelings known – and perhaps some money – on the 45th U.S. president. This week a digital token, Trump 2020 with the symbol TRUMP, launched courtesy of cryptocurrency exchange FTX. FTX says the new token will work like a futures contract, allowing traders to take…

New ‘TRUMP’ Token Giving 62% Odds of US President’s Reelection

boss

U.S. President Donald Trump tweeted last year he isn’t a huge fan of bitcoin (BTC) and other cryptocurrencies.  They’re “not money,” he wrote in July, saying their value is “highly volatile and based on thin air.” Now, crypto traders outside the U.S. can make their feelings known – and perhaps some money – on the 45th U.S. president. This week a digital token, Trump 2020 with the symbol TRUMP, launched courtesy of cryptocurrency exchange FTX. FTX says the new token will work like a futures contract, allowing traders to take…

Bitcoin Cash Community Begins Crafting Q&A Stack Exchange Site to Build Knowledge Base

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On February 6, Bitcoin Cash supporters were introduced to a new BCH-centric Stack Exchange community called bitcoincash.stackexchange.com. The goal of the Q&A site aims to build a “knowledge center” for Bitcoin Cash developers and individual researchers interested in learning about BCH. Also Read: IOTA, EOS, XLM, ADA – 4 ‘Bitcoin Contenders’ With Zero Use Cases and Barely Any Infrastructure The Curation of a Bitcoin Cash-Centric Q&A Community Begins BCH proponents and developers are engaged in bringing Bitcoin Cash to the masses but there’s still a lot of work to be…

Bitcoin’s New 2020 High, US Marshals Bitcoin Auction and More on the Bad Crypto Podcast

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This week’s episode of the Bad Crypto podcast condenses the latest blockchain news into easy listening format. And it’s a good week to be in the know on crypto and blockchain topics. Bitcoin’s bull run continues, and the price is lately flirting with $10,000. The Winklevoss twins have gone on a stablecoin patent extravaganza, and Ethereum godfather Vitalik Buterin shared his unflattering opinions on Bitcoin Cash. Though Coinbase is a large and established exchange, some users reported issues withdrawing more than $10 in BTC per day. And there is rising…

A Major Ethereum Signal Just Flashed. Last Time it Did, ETH Surged 400%

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The crypto market has found itself in a steep recovery over the past 50 days. Ethereum, especially, has strongly surged higher off the December lows, rallying from $120 to $220, which is where the second-largest cryptocurrency sits as of the time of this article’s writing. According to a prominent trader, this recovery in the price of ETH has allowed a major technical indicator to flip bullish, suggesting a long-term uptrend that will take Ethereum hundreds of percent higher is starting. Related Reading: Bitcoin Funding Rate Hits 0.12% on BitMEX: BTC…

Reward Halving May Reduce Mining Profit but Limited Impact to Pools

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The prices of bitcoin have been standing firmly above 9500 levels as markets are less than 100 days away from the highly anticipated bitcoin reward halving event. While traders could have been expecting a positive price trajectory as the halving approaches, miners could find themselves in a completely different story, as halving could reduce their profits and trigger a shape increase in hash rate. However, a fresh study from OKEx shows that the impact of reward halving to mining pools may not be as severe as before. Positive momentum Bitcoin…

CFTC Asked to Provide Opinion in SEC Case Against Telegram ICO

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A U.S. judge has asked lawyers from the Commodity Futures Trading Commission (CFTC) to provide an opinion in the case brought by the Securities and Exchange Commission (SEC) against Telegram’s $1.7 billion token sale. On Thursday, Judge Kevin P. Castel of the Southern District of New York issued an order inviting the CFTC’s office of the general counsel “to express its views on the issues presently before the Court.” The opinion can be submitted in writing, the judge said. Whether “gram,” the native token of Telegram’s TON blockchain, is a…

Chinese Startup Donates $14K to Fight Coronavirus While Launching a Blockchain Data Platform

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Chinese startup FUZAMEI has rolled out a philanthropy-focused blockchain-based platform for tracking and managing data. Dubbed “33 Charity,” the platform is designed to boost the transparency and efficiency of businesses’ internal processes, including charitable organizations, according to a press release published on Feb. 7. The platform appears to be a shared network where organizations can register, store and manage information about individuals. Improving the social trust system Donors and recipients are able to make requests under their own names, while medical institutions can apply for certificates of authority through identity…

Now More Than Ever, SEC Is Scrutinizing Unregistered Token Offerings

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News about initial coin offerings (ICOs) is back with a vengeance. Only this time, it’s not about how much money there is to be raised, but how much money there is to be paid back. In January, two new ICOs completed in 2018 were charged by the U.S. Securities and Exchange Commission (SEC) with fraudulent sales of unregistered digital asset securities. The individuals and entities charged in these cases are still awaiting a final judgment and fine. However, in both cases, the SEC has recommended all funds raised by the…