Day: October 15, 2021

CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million – Bitcoin News

On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin.” CFTC Issues Two Fines to Tether and Bitfinex, CFTC Expects ‘Honesty and Transparency in the Developing Digital Assets Marketplace’ The stablecoin issuer Tether and Ifinex have been charged by…

CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million – Bitcoin News

On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin.” CFTC Issues Two Fines to Tether and Bitfinex, CFTC Expects ‘Honesty and Transparency in the Developing Digital Assets Marketplace’ The stablecoin issuer Tether and Ifinex have been charged by…

Bitcoin Is Actually, Finally About to Have an ETF

This episode is sponsored by NYDIG. Download this episode On today’s episode, NLW looks at the buzz and excitement around a bitcoin futures ETF. The historical moment could be an inflection point for new audiences to get into the asset class. At the same time, there are some who suggest that a bitcoin futures ETF won’t be all it’s cracked up to be. See also: Bitcoin Climbs Above $60K After Report That SEC Won’t Block Futures ETF “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell…

ShapeShift hopes to create ‘rarest and most historical’ NFTs with 80% trading card supply burn

Non-custodial cryptocurrency exchange ShapeShift has burned hundreds of themed collectible “cards” from the blockchain-based mobile game Spells of Genesis. The team said that the remaining cards in its possession will be placed under the control of its new decentralized autonomous organization, or DAO, and unlocked in limited tranches over the coming two years.  According to on-chain data, ShapeShift has burned at least 817 of the digital cards titled “ShapeShift the Wanderer.” This follows an Oct. 12 announcement that the exchange intended to burn the majority of cards to make those…

ShapeShift hopes to create ‘rarest and most historical’ NFTs with 80% trading card supply burn

Non-custodial cryptocurrency exchange ShapeShift has burned hundreds of themed collectable “cards” from the blockchain-based mobile game,  Spells of Genesis. The team said that the remaining cards in its possession will be placed under the control of its new DAO, and unlocked in limited tranches over the coming two years.  According to on-chain data, ShapeShift has burned at least 817 of the digital cards titled “ShapeShift the Wanderer”. This follows an Oct. 12 announcement that the exchange intended to burn the majority of cards to make those in circulation “among the…

D.A. Davidson's Luria explains why he's bullish on Coinbase

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Gil Luria, director of research At D.A. Davidson, is very bullish on Coinbase. He joins ‘Closing Bell’ to explain why. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily…

Coinbase Wants Coders to Help With Its Crypto Regulation Proposal

Fresh on the heels of Coinbase asking the U.S. government to create a new regulator to oversee the cryptocurrency industry, the exchange is seeking public input via GitHub. A repository published Thursday by the crypto giant is seeking suggestions from techno-savvy observers. “This framework represents our good-faith suggestions on a U.S. regulatory framework for digital assets,” Coinbase wrote. “We encourage your contributions to this discussion about the role of digital assets in our shared economic future.” A Coinbase spokesman confirmed it’s the first time the company has used GitHub to…

Bitcoin all-time highs ‘just a matter of time’ after a BTC ETF approval looks certain

Optimism is bordering euphoria in the cryptocurrency market after a trove of documents pointed toward the eventual approval of Valkyrie’s Bitcoin (BTC) exchange-traded fund, or ETF, application by the United States Securities Exchange Commission before the end of the month.  Data from Cointelegraph Markets Pro and TradingView shows that price action for BTC spiked in the early trading hours on Friday, with bulls managing to rally to an intraday high at $61,880, marking the first time BTC has surpassed $60,000 since April. BTC/USDT 1-day chart. Source: TradingView Here’s what traders and…

Ethereum Looks Set To Explode As 400,000 ETH Exits Coinbase

On-chain data shows crypto exchange Coinbase saw a withdrawal of 400k Ethereum yesterday. This could be a sign of activity from institutional investors, and could prove to be bullish for the coin. Coinbase Observes Outflow Of 400,000 ETH As pointed out by a CryptoQuant post, about 400k ETH (1.5 billion at the current exchange rate) was withdrawn yesterday from the crypto exchange Coinbase. The indicator used here is the Ethereum outflow, which shows the total number of coins exiting wallets of the exchange. When the metric shows a big spike,…

NFTs allow people to ‘interact with crypto in a hands-on way’ — Shaq

Nonfungible tokens, or NFTs, have been a revolutionary force in the crypto, arts and sports industries, not only because of the financial liberation successful projects offer to creators but also their ability to bring art lovers closer to creators and bring athletes closer to their fans.  Prior to 2021 — and a few blockbuster sales from Beeple — NFT-based art was relatively obscure. And while OpenSea was in existence, the massive trading volumes seen in the last six months were unimaginable. The success of Dapper Labs’ NBA TopShot NFTs proved…