FTX reaches $200M settlement with IRS on tax bill

On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of hours as soon as BTC broke through the $11,000 resistance.Whenever Bitcoin's volatility gets too…

Interoperability between blockchain networks has emerged as one of the most important concepts in the cryptocurrency ecosystem due to the fact that users are looking for the most cost-effective ways to transfer value across the ecosystem.One interoperability-focused protocol that has seen its price skyrocket to a new all-time high is Quant (QNT), a project designed…

Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering (AML) and terrorism financing standards, according to United States Treasury Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker.Major business news outlet Reuters reported Mandelker’s remarks on Sept. 10.Cryptocurrencies must complyPer the report, U.S. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker also told reporters…

This week, as a $2 trillion economic stimulus package was put forth by U.S. lawmakers, the performance of major market indexes improved and the Dow registered its best day since 1933, gaining 11% after the major pullback of the last few weeks. In the meantime, gold increased slightly over 5%. The recent market fall-out gave rise to Bitcoin…

The United States Department of Justice filed an appeal against the approval by a New York judge allowing a billion-dollar sale of assets from Voyager Digital to Binance.US. 453 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe United States Department of Justice (DOJ) has filed an appeal…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.The first ever bitcoin was mined 10 years ago on…

Regulation has been a major talking point in the cryptocurrency sphere in 2018 - mainly due to the monumental crypto-craze in 2017.This has come to the fore in Europe, after the Financial Action Task Force (FATF) updated its policy on cryptocurrencies in October, which were initially established back in 2015.To understand the implications of these…

The downside does not last long with an abrupt return to form taking Bitcoin price action back to mid-May levels. 1419 Total views 29 Total shares Bitcoin (BTC) was back at $57,000 on Oct. 13 as a classic move left hopeful traders liquidated to the tune of $200 million.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader…

A new NFT drop featuring music industry icons such as Snoop Dogg and Billy Ray Cyrus is bringing together music communities from across the genre spectrum, as well as blockchain networks. 120 Total views 3 Total shares Nonfungible tokens (NFTs) are stepping into the next wave of Web3 with utility capabilities and community building at…