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Dems and Reps join forces to pressure SBF to testify before Congress

“Your willingness to talk to the public will help the company's customers, investors, and others," said House Financial Services Committee chair Maxine Waters, addressing SBF. Own this piece of crypto history Collect this article as NFTThe leadership with the United States House Financial Services Committee have separately called on former FTX CEO Sam Bankman-Fried to…

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Huobi’s Derivatives Platform Rebranded as Huobi Futures to Attract More Investors

Huobi Group rebranded its derivatives trading platform as Huobi Futures in a bid to attract more investors to cryptocurrency derivates trading. 3217 Total views 68 Total shares Huobi Group has rebranded its cryptocurrency derivatives exchange platform Huobi DM to Huobi Futures.According to the announcement from spokesperson and head of Huobi global business Ciara Sun the…

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NFT-funded racing aims to disrupt sports sponsorships

German GT racer Laura-Marie Geissler, creative agency Amsterdam Berlin and NFT startup Unblocked partnered up to launch the first nonfungible token, or NFT, funded motorsport team. Named after the driver, herself, the LMG racing team has decided to forgo external sponsors to fund Geissler’s race season by way of NFT sales. Whether she earns the…

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Bitcoin relief rally is underway — Can BTC price reclaim $18K?

Bitcoin (BTC) price dropped severely in the previous week, falling from $19,500 to $16,000. Corrections never occur smoothly as dropdowns are frequently sudden and painful. The recent correction isn’t much different as the drop occurred in a matter of hours. Since then, Bitcoin’s price consolidated above $16,000, which marked a temporary bottom. The primary question is…

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Bitcoin Network Is Moving $3 Billion Daily, Up 210% Since April

Bitcoin’s average transaction volume is topping $3 billion per day, data from crypto analytics site Coinmetrics.io reveals as of July 16.Bitcoin’s Uptrend in Daily Transaction Value Eclipsing Altcoins’The data — which has been adjusted to remove noise and certain artifacts, per Coinmetrics — shows an impressive uptrend in the USD value for the volume of…

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Italy’s Securities Regulator Shuts Down 8 Crypto Trading and Foreign Exchange Sites

Italy’s securities regulator has shut down six foreign exchange websites and two crypto investing and derivative trading sites. According to Finance Magnates’ Feb. 10 report, the Commissione Nazionale per le Società e la Borsa (CONSOB) has accused these 8 FX sites of violating the Mifid2 and the Consolidated Law on Finance (TUF) for providing illegal trading…

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Reddit Crypto Tipping Service TipJar Shuts Down

TipJar, an Ethereum (ETH)-powered service that allowed redditors to send micropayments to each other in Ether and ERC-20 tokens, was shut down on Oct. 7. Its website is still operational but will be also closed on April 10, 2020.In a Reddit announcement published on the same day, TipJar’s developer cited “very little activity on the…

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Why is the crypto market down today?

The cryptocurrency market’s growing correlation with the Nasdaq 100 hinders bullish prospects as the month draws to a close.

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US Grand Jury Indicts Ethereum Researcher Virgil Griffith Over North Korea Trip

The United States District Court for the Southern District of New York has filed an indictment against Ethereum Foundation researcher Virgil Griffith on Jan. 7.According to a court filing on Jan. 7, a federal grand jury charged Griffith with conspiracy to violate the International Emergency Economic Powers Act.The act was introduced in 1977 and is…

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