Business

CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds

[ad_1] The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have called for comments on a proposal which would require large advisers to certain hedge funds to report exposure to crypto.In a joint proposed rule published to the Federal Register on Sept. 1, the SEC and CFTC established a 40-day comment period for amendments to Form PF, the confidential reporting document for
Business

The total crypto market cap continues to crumble as the dollar index hits a 20 year high

[ad_1] From a bearish perspective, there's a fair probability that the crypto market entered a descending channel (or wedge) on Aug. 15 after it failed to break above the $1.2 trillion total market capitalization resistance. Even if the pattern isn't yet clearly distinguishable, the last couple of weeks have not been positive.Total crypto market cap, USD billion. Source: TradingViewFor example, the $940 billion total market cap seen on Aug. 29
Business

Michael Saylor got wrecked, but Bitcoin investors needn’t panic

[ad_1] As cryptocurrency investors know, the market moves in cycles. We had the up-cycle when Bitcoin (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town.One of them mauled MicroStrategy founder and executive chairman Michael Saylor this week. In this case, it was a very powerful bear — Washington, D.C. Attorney General Karl Racine — suing the Bitcoin evangelist for allegedly owing $25 million
Business

Crypto users push back against dYdX promotion requiring face scan

[ad_1] Many users on social media have been lambasting decentralized exchange dYdX over the identification verification process to receive a sign up and deposit bonus of $25.In a Wednesday blog post, dYdX announced that new users who deposited 500 USD Coin (USDC) for their first transactions could receive a bonus promotion of 25 USDC, provided they were willing to do a “liveness check.” According to the exchange, the verification process
Business

Cardano gets listed on Robinhood but ADA bulls are running out of steam, risking 40% drop

[ad_1] Cardano (ADA) market has witnessed back-to-back pieces of good news since Aug. 31, from its listing on Robinhood, a U.S.-based retail investment platform, to the release of its first lending and borrowing protocol, Aada Finance.Additionally, Cardano developer IOHK stated that they are close to clinching "three critical mass indicators" that would lead to the launch of their long-awaited Vasil hard fork in September. Vasil aims to improve Cardano's scalability and transaction throughput
Business

Former CFTC commissioner Jill Sommers joins FTX US Derivatives board

[ad_1] Jill Sommers, who served as a commissioner at the United States Commodity Futures Trading Commission, has joined the board of directors for FTX US Derivatives.In a Thursday announcement, crypto exchange FTX US’ derivatives arm said Sommers had become its latest board member in a move seeming to increase the company’s regulatory efforts. Sommers served as a CFTC commissioner from 2007 to 2013 under former Presidents Barack Obama and George
BLOCKCHAIN

Mayo Clinic taps into blockchain technology for clinical trial design

[ad_1] On Thursday, Dutch blockchain startup Triall announced that it has partnered with American nonprofit medical center Mayo Clinic to optimize clinical trial design and the management of study data. Starting this September, Triall's eClinical platform will support a two-year multi-center pulmonary arterial hypertension clinical trial that includes 10 research sites and more than 500 patients across the United States. The software will support activities such as data capture, document management,
Business

US dollar smashes yet another 20-year high as Bitcoin price sags 2.7%

[ad_1] Bitcoin (BTC) faced familiar pressure on the Sep. 1 Wall Street open as the U.S. dollar hit fresh two-decade highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: DXY could hit 115 before 'slowdown'Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fell to $19,658 on Bitstamp, down 2.7% from the day’s high.The pair faced stiff resistance trying to flip the important $20,000 mark to solid support, with macro
BLOCKCHAIN

ETH price outlook for The Merge: Bullish or bearish?

[ad_1] In this week's episode of Market Talks, we welcome professional trader Dan McDermitt — A Partner and Senior Analyst at ChartGuys .com.He provides knowledge and feedback toward the development of Technical Analysis education, and is responsible for providing in-depth video reports and teaching Technical Analysis to people wanting to learn how to protect capital and become more profitable. The main topic of discussion with Dan will be the price outlook
Business

Crypto.com backs out of $495M sponsorship deal with UEFA Champions League: Report

[ad_1] Cryptocurrency exchange Crypto.com has reportedly dropped out of a half-billion-dollar sponsorship deal with the Union of European Football Associations Champions League.According to a Wednesday report from SportBusiness, Crypto.com pulled out of a $495-million agreement with the Union of European Football Associations, or UEFA, close to being signed off due to its legal team citing regulatory concerns with the exchange’s licenses in the United Kingdom, France, and Italy. Had the