Category: Markets

CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million

CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million

On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the […]

Continue Reading

Makor Group raises funds at $200 million valuation to expand crypto brokerage

Makor Group raises funds at $200 million valuation to expand crypto brokerage

Makor Group, a brokerage and investment banking firm with a growing crypto business, has closed a Series A fundraise. The round values Makor at $200 million, according to a press release. The press release did not specify how much money had been raised, but a person close to the firm said it had secured $17 […]

Continue Reading

Bitcoin Skyrockets Above $57K, Recaptures Trillion Dollar Market Cap, Double-Digit Weekly Gains

Bitcoin Skyrockets Above $57K, Recaptures Trillion Dollar Market Cap, Double-Digit Weekly Gains

The price of bitcoin continues to climb higher as the crypto asset has captured over 19% in gains during the last seven days. Bitcoin tapped a daily high on Monday reaching $57,678 per unit, jumping 4.4% in the last 24 hours. Bitcoin Outperforms the Pack as Speculators Assume ETF Approval Is Coming It seems crypto […]

Continue Reading

Neobrokerage firm Public.com rolls out crypto trading tools

Neobrokerage firm Public.com rolls out crypto trading tools

New York-based neobroker Public.com is launching crypto trading tools, becoming the latest in a growing number of fintech firms to have made the move, according to a report in the Wall Street Journal.  The stock trading startup, which was valued at $1.2 billion earlier this year, will now support trading in bitcoin, bitcoin cash, ether, […]

Continue Reading

October’s Historical Bitcoin Price Trend Extends Hope for a Renewed Bull Run to End the Year

October’s Historical Bitcoin Price Trend Extends Hope for a Renewed Bull Run to End the Year

Bitcoin logged price losses once again for the crypto asset’s fifth consecutive September in its lifetime, but as soon as the month ended, billions of dollars came back into the crypto economy. Metrics show that while September has consistently been a bad month for bitcoin, October, on the other hand, has traditionally been a good […]

Continue Reading

Why the largest crypto trading firms are becoming venture capitalists as well

Why the largest crypto trading firms are becoming venture capitalists as well

Quick Take Major crypto trading firms are expanding beyond their core capacities and more broadly into the industry. GSR, Wintermute, and Jump Capital have been investing in early-stage crypto startups and projects.  This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Get free […]

Continue Reading

September by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

September by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Most metrics continued to recover in September. Ethereum metrics generally exhibited a higher beta. Total adjusted on-chain volume increased by 33% to $691.7 billion. Stablecoin supply grew slightly by 6.6% to a new all-time high of $120.5 billion. Centralized exchange spot trading volumes increased by 13.6% to $1.247 trillion. This research piece is […]

Continue Reading

Judge dismisses some claims against Bitfinex and Tether but class-action lawsuit continues

Judge dismisses some claims against Bitfinex and Tether but class-action lawsuit continues

A judge has thrown out about half of the claims in a class-action lawsuit alleging that exchanges Bitfinex, Bittrex and Poloniex, stablecoin operator Tether and others manipulated crypto markets. In June of 2020, a group of traders and trading firms grouped up to file an amended complaint against the exchanges in the Southern District Court […]

Continue Reading

R3 is working on a DeFi network with its own token

R3 is working on a DeFi network with its own token

R3, developer of the enterprise blockchain Corda, is exploring the launch of a DeFi network with a corresponding token. The news, first reported by Ledger Insights, was announced at yesterday’s CordaCon 2021 conference. A spokesperson for R3 said the company is working on a proof-of-concept project that will pair transparency for external authorities with a […]

Continue Reading