Day: September 28, 2021

Two Fed Presidents Resign After Embarrassing Trading Revelations

This episode is sponsored by NYDIG. Download this episode Today on “The Breakdown,” NLW explores traditional financial system actors behaving badly, including why two Federal Reserve presidents are retiring early after revelations that they were actively trading stocks at the height of last year’s market crisis. He also covers: A new WSJ investigation that found 131 federal judges had broken the law by not recusing themselves from cases where they had a financial interest The latest macro issues around Evergrande, inflation and more More crypto companies leaving China for good…

ETH 2.0 moves closer to fruition as devs set Altair upgrade for October

The Ethereum network’s long-planned upgrade to a scalable, proof-of-stake consensus model grows closer as developers set a date for the Altair upgrade.  Altair, which is described as the first mainnet upgrade to the Beacon Chain, is scheduled to take place at epoch 74240, or roughly Oct. 27, according to Ethereum Foundation researcher Danny Ryan. Ryan described the technical upgrade as follows: “This upgrade brings light-client support to the core consensus, cleans up beacon state incentive accounting, fixes some issues with validator incentives, and steps up the punitive params as per…

Signs of fear emerge as Ethereum price drops below $3,000 again

Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. Today, Ether (ETH) might be 30% below its May 12 high at $4,380, but the current $3,050 price is 78% higher than the 6-month low at $1,700. To understand whether this is a “glass half full” situation, one must analyze how retail and pro traders are positioned according to derivatives markets. Ether price at Coinbase in USD. Source: TradingView On Sept. 24, Chinese authorities announced new measures to curb crypto adoption, causing the…

Market Mania | Stocks, Crypto, NFTs & More

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Do you want to make money in stocks and crypto & laugh while you do it? Insightful, unfiltered analysis of the hottest markets each weekday at 11:30am EST ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

OP Crypto Capital founder cites gaming, Web 3 as drivers of crypto economy

Fresh off the launch of its $25 million venture fund, OP Crypto Capital Management Ltd. seeks to play a more active role in the lifecycle of blockchain startups ranging from gaming to Web 3.0. Former Huobi executive turned founder David Gan spoke with Cointelegraph about the transition from his former company, the growth potential of crypto niches and the role his fund will play in bootstrapping the next generation of crypto startups. Seamless transition After more than three years at Huobi Ventures and Huobi Labs, Gan transitioned to his new…

Green Bay Packers Running Back Aaron Jones Joins Crypto Exchange FTX’s Ambassador Team – Bitcoin News

On Tuesday, the crypto firm FTX Trading Ltd, announced that the Green Bay Packers running back Aaron Jones has joined the company as an FTX Ambassador in a long-term partnership. The collaboration with the NFL player follows the firm’s partnership with seven-time Super Bowl winner Tom Brady and his wife Gisele Bündchen. FTX Inks Long-Term Partnership With NFL Running Back Aaron Jones Crypto asset company FTX continues to make deals in the world of professional sports as just last week, FTX partnered with the Mercedes-AMG Petronas Formula One team. FTX…

CFTC commissioner Dan Berkovitz will become SEC general counsel

Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, will be joining the Securities and Exchange Commission as general counsel following his departure in October. In a Sept. 28 announcement, the Securities and Exchange Commission, or SEC, said Berkovitz would assume the role of general counsel starting on Nov. 1, two weeks after stepping down as a commissioner of the Commodity Futures Trading Commission, or CFTC, where he has served since 2018. Berkovitz said he will be working with SEC chair Gary Gensler on…

Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown

China continued its crackdown on crypto, leading to massive amounts of bitcoin and Ethereum being moved from exchanges. Immense pressure from Chinese central banks following the latest iteration of the China crypto ban has seen exchanges suspending operations in the region. In light of this, large amounts of crypto are being moved from exchange wallets to presumably safer wallets. The transactions are thought to be going to cold wallet storage. Crypto crackdowns in the country caused a surge in USDT sell-offs against the Yuan as users tried to get rid…