How smart contracts are shifting the crypto sector’s balance of power

One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to their previous glory.  During the 2017–2018 bull market and initial coin offering (ICO) boom, which was driven by Ethereum network-based projects, all manner of small smart contract-oriented projects rallied thousands of percentage  to unexpected highs.…

Alabama Securities Commission Also Claims Celsius Violated Securities Laws — CoinDesk

“We are disappointed these actions have been filed and wholeheartedly disagree with the allegations being made that Celsius has not complied with the law. We always have, and will continue to, work with regulators in the U.S. and globally to operate in full compliance with the law. Given our commitment to regulatory adherence, we look forward to addressing this matter quickly. As of now, there are no changes in our services to any of our clients. We will keep our community updated with any development.” Source link

US Officials Add Insider Trading Claims to Binance Investigation: Report

Reported U.S. investigations into Binance, one of the world’s largest crypto exchanges, now include an insider trading and market manipulation probe, Bloomberg reported Friday. Bloomberg said the Commodity Futures Trading Commission (CFTC) has begun recruiting possible witnesses. That could signal a more serious legal investigation than the collaborative inquiry Binance officials have described in earlier reports. Binance already faced a probe from the U.S. Department of Justice and the Internal Revenue Service. The investigation reportedly focused on tax and money laundering claims. The CFTC has also reportedly been investigating the…

Bitcoin is ‘playing mind games’ as its price coils into a tighter range

The general mood across the cryptocurrency market is one of anticipation on Sept. 17 as the price of Bitcoin has traded in an increasingly tighter range over the past couple of days and looks to be coiling in preparation for a move one way or another.  Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has oscillated between $47,150 and $48,150 in trading on Friday as the lack of any major developments or headline-grabbing stories has led to a relatively flat day in the markets.…

U.S. Treasury Will Create Anti-Ransomware Sanctions

Share this article The U.S. Treasury under the Biden administration plans to create anti-ransomware sanctions that target the use of cryptocurrency, according to reports from the Wall Street Journal. Bad Actors and Exchanges Could Be Targeted Though officials have not commented on the plan, experts suggest that the Treasury aims to create sanctions that target specific actors and wallets rather than the entire cryptocurrency infrastructure. However, this could involve sanctions against exchanges that have handled ransomware payments. The WSJ suggests that this could “disrupt that firm’s ability to do business”…

John Cena calls his own NFT sales a ‘catastrophic failure’

Professional wrestler and actor John Cena said fans only purchased 7.4% of his World Wrestling Entertainment, or WWE, nonfungible tokens (NFTs) that he made available last month. Speaking at Florida Supercon 2021 on Sept. 12, Cena said it was a mistake to market his WWE NFTs as part of a package with physical collectibles — a hat, shirt, wristbands, belt, towel, autographed picture, and the digital collectible. The organization offered 500 gold tier packages with the NFT for $1,000, but only a fraction of them sold. “I talk a lot…

Former CEO of Russian Crypto Exchange WEX Is Arrested in Warsaw: Report — CoinDesk

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Build Base Or Bust? Bitcoin Touches Down On Parabolic Support

Bitcoin price is trading in the mid-$40,000 range, unable to get through $50,000 but still holding strong the higher the recovery goes. The series of higher lows continues, potentially creating another base for the cryptocurrency to blast off from. This base would mark the third out of four before the “selling point” according to how parabola works in financial markets. But this is all contingent on Bitcoin price holding a very crucial curved support line, extending from the asset’s bear market bottom. Take a look. Will The Bitcoin Parabola Break…