This is the second part of my column about the crackdown on insider trading involving crypto. In the first part, I discussed the criminal indictment of Nathaniel Chastain, a former product manager at the OpenSea NFT marketplace. I also discussed the SEC’s allegations against former Coinbase employee Ishan Wahi, his brother and his friend, based on the “misappropriation” theory of insider trading. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after…
Day: September 15, 2022
Ethereum Classic and Ravencoin’s Hashrate Nearly Doubles After Merge
Computing power on the Ethereum Classic (ETC) and Ravencoin (RVN) networks, or hashrate, has nearly doubled a few hours after mining was rendered obsolete on the Ethereum network, which underpins the world’s second-largest cryptocurrency by market cap. Source
ETH Drops Below $1,600 Following Completion of The Merge – Market Updates Bitcoin News
Ethereum fell below $1,600 on Thursday, despite the successful completion of the highly anticipated Merge event. The event saw a migration from proof-of-work (PoW), to a proof-of-stake (PoS) system. Bitcoin was also lower in today’s session, with the token falling below the $20,000 level. Bitcoin Bitcoin (BTC) fell below $20,000 on Thursday, as sentiment surrounding cryptocurrencies remained bearish. Following U.S. inflation data earlier this week, crypto markets have been hit with a red wave, with bitcoin falling by over $2,500 since the start of the week. This carried over into…
Election Betting Site PredictIt Sues to Block CFTC-Ordered Shutdown
“The CFTC action taken on Aug. 4, 2022, threatens to harm not only the value of modest investments of more than 80,000 PredictIt traders, but the quality of the anonymized data used by more than 200 academic researchers and university educators,” Aristotle wrote in an email to PredictIt traders. Aristotle is the contract service provider for PredictIt. Source
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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Setiap investasi selalu ada resiko jadi pahami dulu dan pelajari dasar dasar trading Jika ingin mendaftarkan akun di aplikasi pluang kalian boleh memasukan kode referal: HEND521531 Silahkan tonton video lainya Dasar dasar investasi dari basic sampai pro biar bisa investasi di semua aplikasi atau platform Social media : Instagram : Facebook : Tiktok. : Twitter : #aplikasipluang #bitcoin ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
F2Pool, Poolin to start Ethereum PoW mining after ETHW mainnet launch
Despite Ethereum’s historic transition to a proof-of-stake (PoS) consensus mechanism, mining pools are increasingly signing up for mining on the upcoming proof-of-work (PoW) version of Ethereum. EthereumPoW, the community advocating for ETHPoW, or the PoW Ethereum version, has released a list of mining pools that are going to continue mining after the ETHW mainnet launch. According to EthereumPoW, some major Ethereum mining pools are going to continue mining despite Ethereum’s switch to the eco-friendly PoS consensus mechanism. At the time of writing, the list of ETHW mining pools composes a…
What do we know about Iran’s new strategy
With the Trade Ministry officially approving the use of cryptocurrencies for foreign trade, Iran will become the first-of-a-kind adopter in the world. The obvious problem with the news is that the country’s innovative policy obviously aims at circumventing financial sanctions that have been hampering its participation in the global economy for many years. These circumstances set an ambivalent tone for Iran’s experiment — while for some, it could prove crypto’s emancipating ability to shirk the all-too-real hegemony of the United States political will and international financial institutions that enforce it,…
The Ethereum Merge Finally Happened: So What?
“The best diagram I’ve seen looks sort of like what you see in subway stations,” said Richard Smith, CEO of fintech investing tool RiskSmith and a specialist on market risk and uncertainty. “You have maps of subway lines, and sometimes two lines run in parallel, and one line kind of ends at a common station and everybody who was on that line has to move over to the line that continues on if they want to go further. That is, in a nutshell, what happens to Ethereum when the Merge…
Bitcoin Price Has Strong Potential To Hit $25,000, Weekly Analysis Suggests
Recently, the market has seen a strong correction due to the Bitcoin price bull run of the past several days. On December 7, 2020, the price hit a low of $19,030.09, which is considered to be a new all-time low. However, the appearance of a double bottom pattern has led to an optimistic outlook on this correction. Bitcoin can rebound, as is now more evident. Obviously, there will be some challenges along the way. The Bitcoin price present momentum is one of the cryptocurrency’s major challenges. The current momentum is…
Ethereum traders shorted ETH price in record numbers during the Merge — 50% crash ahead?
Ethereum successfully completed its long-awaited transition to proof-of-stake via “the Merge” on Sept. 15, while traders have been increasingly shorting Ether (ETH) in anticipation of a sell-the-news event. Ethereum funding rate plumme Ether’s futures funding rates across leading derivatives platforms dropped below zero—to their worst levels to date—before the Merge. The rate dropped to as low as -0.6% on BitMex. ETH funding rates history. Source: Coinglass Funding rates are a percentage of the fee paid to either short or long position holders. The platform decides the fee based on the…