Day: April 21, 2020

Banks Could Intercept Your COVID-19 Stimulus Checks — Enter Crypto

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Payments of $1,200 from the CARES Act to Americans in need have begun to go out to those who authorized the Internal Revenue Service to make direct deposits into their bank accounts. However, the money may never reach its targets. Intended to help families through the coronavirus crisis, the payments were not exempted from private debt collection, which means banks and other creditors could lawfully intercept the emergency payments. If ever there was evidence that cryptocurrencies were a safer way for people to receive funds, CARES Act payment interceptions and…

Libra Adapts White Paper to Appease US Regulators, Hopes for Changing Tides

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Following an overhaul of Libra’s original white paper that was met with strong skepticism from United States policymakers, a member of the House Financial Services Committee — Democrat Rep. Sylvia Garcia from Texas — has come out and stated that the updated version of Facebook’s white paper does not contain any substantive changes and that the token should still fall under the purview of the U.S. Securities and Exchange Commission. In Garcia’s view, the newly proposed version of Libra still derives its value from a basket of digitized currencies that…

CFTC Greenlights Bitnomial to Offer Bitcoin (BTC) Derivatives

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Bitnomial Exchange, a Chicago-based Bitcoin derivatives platform, recently gained approval from the U.S. Commodities Futures Trading Commission (CFTC) to offer traders physically-delivered bitcoin derivatives contracts and options trading. Bitnomial Set to Roll Out Bitcoin Derivatives The bitcoin derivatives exchange announced the approval via a press release on Monday (April 20, 2020). With the nod from the CFTC, Bitnomial can now function as a designated contract market (DCM) in the U.S. The company also said that it was the first exchange to launch a “margined and physically delivered Bitcoin futures and…

BARR Fractal Sees Tezos Cryptocurrency 50% Higher; Fundamentals Agree

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Tezos’ native cryptocurrency XTZ confirms forming Inverse BARR, a bullish reversal indicator. The XTZ/USD pair is waiting to close above a crucial technical resistance while setting its upside target 50 percent higher. Promising utility growth confirms a bullish scenario in the Tezos market. XTZ, the native token of multi-purpose blockchain Tezos, could surge by 50 percent in the second quarter, according to a textbook bullish indicator. XTZ/USD validates inverse BARR formation | Source: TradingView.com The ninth-largest cryptocurrency painted an inverse Bump and Run Reversal indicator, or BARR, a pattern that…

‘Cointelegraph Talks’ Online Meetup to Discuss E-Payments and Digital Dollar

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Cointelegraph is launching Cointelegraph Talks, a series of online events featuring top blockchain and cryptocurrency experts and executives. The first Cointelegraph Talks event kicks off at 3:00 PM EST on Tuesday, April 21, featuring major industry figures including Binance.US CEO Catherine Coley and Robert Beadles, president at blockchain company Monarch. The meetup’s live stream will be available on Cointelegraph’s YouTube channel. The event will consist of two panels, at which industry experts will discuss the impact of the coronavirus outbreak on the development of digital payments, as well as the…

After Pundits Predicted Bitcoin’s Death for 11 Years, Barrels of Crude Oil Trade Below Zero

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Global markets had a historical day on Monday, as the price of oil dropped below zero and closed the day at -$36 per barrel of crude. The oil crash below zero has never happened in anyone’s lifetime and economists worldwide are uncertain about the future of the world’s financial system going forward. The meltdown also caused global stock markets to slide significantly and traders offloaded equities and commodities with great fervor during the course of the day. History Is Made: Oil Prices Plunge 300% Dropping Below Zero to Negative $36…

After Pundits Predicted Bitcoin’s Death for 11 Years, Barrels of Crude Oil Trade Below Zero

boss

Global markets had a historical day on Monday, as the price of oil dropped below zero and closed the day at -$36 per barrel of crude. The oil crash below zero has never happened in anyone’s lifetime and economists worldwide are uncertain about the future of the world’s financial system going forward. The meltdown also caused global stock markets to slide significantly and traders offloaded equities and commodities with great fervor during the course of the day. History Is Made: Oil Prices Plunge 300% Dropping Below Zero to Negative $36…