Bets Against Bitcoin’s Price Are Nearing Record Highs
BTC/USD shorts on Bitfinex are nearing record highs, leaving many to wonder if a short squeeze will occur like it did when the prior mark was set.
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Hong Kong Considering Tax Concessions for Crypto Investments
Virtual assets could be included in a new set of tax concessions. Regulatory updates are also in the works for stablecoin issuers, OTC trading services and custodians. 02:32 Microsoft Urges Shareholders to Vote Against Bitcoin Proposal 12:56 Bitcoin Option Volumes Soar, Institutions Eye $100K BTC Post-U.S. Election: Kaiko 11:20 Regulatory Game-Changer: OKX's Crypto Expansion in
Ex-Employee at Australian Science Agency Avoids Prison After Mining Crypto on Supercomputers
Sep 18, 2020 at 08:28 UTCUpdated Sep 18, 2020 at 08:36 UTC(Nils Versemann/Shutterstock)A former employee of an Australian federal agency has avoided prison after he was caught using government supercomputers to mine for cryptocurrency. According to a report by The Sydney Morning Herald on Friday, Jonathan Khoo, 34, worked as a contractor for the Commonwealth…
BitMEX to List Futures for New Crypto Coins for First Time in Over 2 Years
BitMEX said early Friday morning it plans to introduce futures markets for two cryptocurrencies, the first new coins to appear on the exchange in over two years. The stalwart cryptocurrency derivatives exchange announced new futures markets for chainlink (LINK) and tezos (XTZ), two cryptocurrencies with triple-digit year-to-date returns, in addition to new contracts for EOS…
Seeking Yield on $37M Ether Treasury, JPEG’d DAO Mulls Airdrop Farming
The hunt for high-yield crypto investments has prompted one on-chain lending project to consider deploying its treasury in airdrop farming, a favorite pastime for many trading degens.JPEG'd DAO, the governance group that runs the Ethereum-based lending platform that accepts NFTs as collateral, on Monday began voting on a proposal to deploy up to 50% of
Colu May Buy Back ICO Tokens in Pivot Away From Blockchain
news Blockchain startup Colu is eliminating blockchain from its business plan. Citing regulatory uncertainty, technical challenges and growth in non-blockchain related opportunities the company is concluding its blockchain project, the Colu Local Network (CLN), according to a statement. As part of the scale down, the company will repurchase approximately 54 million tokens sold during its…
How Much Is Too Much to Spend on FTX’s Bankruptcy?
The legal fees for FTX’s bankruptcy process have already topped $200 million, a cost that is likely to grow.One activist FTX victim is raising questions about those extraordinary costs, which pay for restructuring the allegedly fraudulent crypto exchange, and recovering victim’s funds from a dizzying array of recipients. Those costs are undeniably out of the…
Canaan Opens Above $15 After 20% Premarket Surge, New Bitcoin Price Record
Canaan shares have gained 230% so far in February. Canaan mining machine(Canaan)Feb 16, 2021 at 2:36 p.m. UTCCanaan Opens Above $15 After 20% Premarket Surge, New Bitcoin Price RecordNasdaq-listed cryptocurrency mining machine maker Canaan Creative (CAN) has rocketed past its initial listing price near $12 to over $15, after rising 20% in US premarket trading,…
Robinhood Would Likely Win Crypto Court Case With the SEC: KBW
The SEC issuing Robinhood a Wells Notice is surprising, KBW said.The broker expects no change to the platform’s current U.S. crypto operations or asset listings.Robinhood has a higher likelihood of winning a case with the SEC than most of its U.S. competitors, the report said.Robinhood (HOOD) being issued a Wells Notice by the Securities and