Day: October 15, 2021

CFTC slaps Tether and Bitfinex with a combined $42.5 million fine

On Oct. 15, the Commodity Futures Trading Commission, or CFTC, handed sister crypto companies Tether and Bitfinex fines totaling $41 million and $1.5 million, respectively, citing violations of the Commodity Exchange Act, or CEA, and of a prior CFTC order. The regulator has found that Tether, the firm behind an eponymous stablecoin, has only held sufficient fiat reserves to back the dollar-pegged asset for 27.6% of time during the 26-month period under review between 2016 and 2018. The agency also stated that Tether violated the law by holding part of the…

BE CAREFUL on BITCOIN NOW!!!!! + Next SUPPORT!!! Bitcoin Price Prediction 2021 // Bitcoin News Today

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Month-long consolidation puts Solana price en route to $275

Solana (SOL) price technicals suggest SOL can hit $275 in the coming sessions. The upside outlook for the world’s sixth-largest cryptocurrency by market capitalization comes as it consolidates inside a range that appears like a Bull Pennant. In detail, Bull Pennants are bullish continuation indicators that form as the price consolidates inside a Symmetrical Triangle-like structure following a strong move upside. The consolidation trend accompanies declining volumes, reflecting on the trend’s underlying weakness. And, as the price approached the apex—the point where the Pennant’s trendlines converge, it tends to undergo…

Nasdaq listing hints that the SEC may soon approve ETF application from Valkyrie

The U.S. Securities and Exchange Commission, or SEC, may soon approve an application from crypto asset manager Valkyrie for a Bitcoin Strategy exchange-traded fund, with the shares to be listed on the Nasdaq Stock Market. According to an Oct. 15 notice from the SEC, the agency has accepted the registration of shares of Valkyrie’s Bitcoin Strategy exchange-traded fund, or ETF, for listing on the Nasdaq. In a letter from Nasdaq vice president of listing qualifications Eun Ah Choi filed the same day, the exchange said Valkyrie’s Bitcoin ETF shares had been certified.…

More Prizes, Better Odds and Aggregated Liquidity

“This is something that’s been around and is super popular, and this works way better on a blockchain,” he added. “To really break out, to get to one billion, two billion, ten billion, [dollars] we needed this architecture, and now thousands of people can win each week.” Source

Bitcoin Returns To $60K, What’s Holding Off From New ATHs?

At the time of writing, Bitcoin has smashed its way through the $60,000 resistance and seems ready to take on new highs. The first cryptocurrency by market cap records a 11.6% and 4.2% profit in the weekly and daily charts, respectively. BTC rejected from the $60k zone in the daily chart. Source: BTCUSD Tradingview Pseudonym analyst Pentoshi expects Bitcoin to entered uncharted territory in the near future. As he pointed out, BTC’s price was capable of breaking out of its macro low high by forming a new trend. Related Reading…

The future of the vast oil and gas industry depends on blockchain

The age of digital transformation has arrived, leading traditional industries to adopt new technologies to accommodate a fully digital future. As such, it shouldn’t come as a surprise that the trillion dollar oil and gas industry has quietly started to leverage blockchain technology for business success.  Douglas Heintzman, chief catalyst at the Blockchain Research Institute, told Cointelegraph that the oil and gas sector is particularly ripe for blockchain development due to its uniquely positioned supply chain: “There are many participants in downstream and upstream operations within the oil and gas industry.”…

Why this investor says it's a great time to buy stocks, crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC’s “Squawk Box” team discusses markets, Fed, crypto and more with Sylvia Jablonski of Defiance ETFs and Joe Terranova of Virtus Investment Partners. For access to live and exclusive video from CNBC subscribe to CNBC PRO: The price of bitcoin dropped sharply Monday as investors began shedding risk amid a global equity markets decline. Many people have argued that bitcoin is most useful as a safe-haven asset, but that narrative could be changing as people realize its price often goes down with…

Bitcoin Is Now World’s 8th Most Valuable Asset — BTC Now Targets Silver’s $1.31T Market Cap – Market Updates Bitcoin News

The price of bitcoin had crossed the $60K zone at 1:30 a.m. (EST) early Friday morning. The leading crypto asset’s latest price jump has made it so bitcoin’s overall market valuation of $1.119 trillion has surpassed Facebook’s market capitalization. The digital asset is also nearing the entire net worth of all the silver in the world as bitcoin is 17.3% away from surpassing the precious metal’s overall capitalization. Bitcoin Surpasses Facebook’s Overall Worth, Needs to Gain More Than 17.33% to Exceed Silver Bitcoin is currently the eighth-most valuable asset in…