Terraform proposes $1M penalty for SEC case, no relief or disgorgement
Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case.
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3 reasons why Bitcoin traders keep a close eye on the futures funding rate
Futures contracts trading has grown immensely over the past year, and proof of this comes from the total rise in open interest. Open interest is the total number of outstanding contracts, and the figure has risen from $3.9 billion to the current $21.5 billion in six months, a 450% increase.Sometimes traders assume that a high…

AT&T Launches Suite of Enterprise Blockchain Solutions Using Tech From IBM, Microsoft
U.S. telecommunications giant AT&T has announced the creation of a suite of blockchain solutions designed to work with tech from IBM and Microsoft, according to AT&T’s September 26 press release.AT&T’s blockchain solutions — which will work with the IBM Blockchain Platform for data recording and Microsoft Azure’s blockchain technology — aim to “bring additional transparency…

Brian Armstrong: Coinbase Signed Up 50,000 Users per Day in 2017
Cryptocurrency exchange Coinbase CEO Brian Armstrong said in an August 14 interview with Bloomberg that it was signing up 50,000 users per day in 2017. Speaking at the Bloomberg Players Technology Summit in San Francisco on Tuesday, Armstrong said that the “technology [Bitcoin] is going through a series of bubbles and corrections, and each time…

Hong Kong’s New Regulation ‘Might’ Be Harmful for Local Crypto Industry, Experts Say
New regulations for crypto-related companies, which Hong Kong’s Securities and Futures Commission (SFC) earlier announced, might prevent crypto entrepreneurs from entering the market. Expert comments on the situation were reported by business media Nikkei Asian Review on Monday, Dec. 17.Timothy Loh, owner of a local law firm, told Nikkei that some entrepreneurs might decide not…

Are crypto and blockchain safe for kids, or should greater measures be put in place?
Crypto is going mainstream, and the world’s younger generation, in particular, is taking note. Cryptocurrency exchange Crypto.com recently predicted that crypto users worldwide could reach 1 billion by the end of 2022. Further findings show that Millennials — those between the ages of 26 and 41 — are turning to digital asset investment to build…

CFTC Charges Head of Crypto Escrow Service with $7M Bitcoin Fraud
The United States Commodity Futures Trading Commission (CFTC) charged Jon Barry Thompson, the head of a Bitcoin escrow service, with a $7 million Bitcoin (BTC)-related fraud.In an official news release published on Sept. 30, the regulator revealed that Jon Barry Thompson of Easton, Pennsylvania, is charged with “knowingly or recklessly making false representations to customers…

Report: No Bank Account Needed to Transfer China’s Upcoming CBDC
Binance Research, the research arm of the major crypto platform Binance, has reported that no bank account will be necessary to use China’s Central Bank Digital Currency (CBDC).Loose coupling and anonymityBinance Research shared its findings on Aug 28. According to the report, China’s CBDC will be transferable without a bank due to its loosely coupled…

Cryptocurrency trading addiction: What to look out for and how it is treated
An often overlooked aspect of the cryptocurrency market’s reputation for volatility is the effect sudden market changes can have on the mental health of traders and investors.Addiction to day trading, or pathological trading, is already well-known among stocks and commodities traders and has been extensively documented by medical professionals. There are even rehab programs devoted…