This key trading algo spotted bullish altcoin setups even as BTC price fell

Last week was challenging for crypto traders, with Sept. 24’s FUD-triggering crypto-ban news out of China wiping out much of the gains investors managed to rake in earlier in the week. Between Sept. 18 and Sept. 25, the top 100 altcoins shed as much as 14.4% of their aggregate value, while Bitcoin (BTC) lost 12.5%. The number of altcoins posting double-digit returns was unusually low as well. Data from Markets Pro, Cointelegraph’s subscription-based data intelligence platform, shows that only eight assets out of the hundreds tracked gained more than 10%…

Kraken Faces $1.25 Million Fine From CFTC

Key Takeaways The CFTC has placed a $1.25 million fine on Kraken, stating it failed to register as a futures merchant. Kraken will need to cease and desist certain activities; this will presumably not affect its main crypto exchange. Kraken has not yet commented on the matter. Share this article Kraken has been fined by the U.S. Commodity Futures Trading Commission, according to a statement from the regulator. Kraken Illegally Offered Futures Trading The CFTC’s Sept. 28 statement says that Kraken failed to register as a futures commission merchant. As…

Lending Platform Affirm Will Allow Customers to Buy and Sell Crypto

Affirm Holdings Inc., the publicly traded, consumer lending platform, plans to allow customers to buy and sell crypto, according to a presentation posted Tuesday on the company’s website. The fintech company made the announcement as part of its Investor Forum. The news was first reported by Bloomberg. Affirm joins other companies such as PayPal, which last year gave customers the ability to buy, sell and hold cryptocurrency. Last month, PayPal extended its crypto service to the U.K., allowing customers to buy, sell and hold four different cryptocurrencies on its platform.…

CFTC hits Kraken with $1.25M in fines over alleged illegal offering

The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto exchange Kraken to pay more than a million dollars in civil monetary penalties related to allegations the exchange is violating the Commodity Exchange Act. In a Sept. 28 statement, the CFTC said U.S.-based crypto exchange Kraken — operating under the name Payward Ventures — has failed to register as a futures commission merchant and is illegally offering margined retail commodity transactions in digital assets. The order requires the exchange to pay a penalty of $1.25 million and “cease and…

Stablecoin launch and NFT integration back COTI’s rise to a new all-time high

The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of decentralized finance (DeFi) and nonfungible tokens (NFT). One project that has benefited from the increased capabilities of blockchain technology and the recent launch of smart contracts on Cardano is COTI (COTI), an enterprise-grade fintech platform focused on helping organizations create their own payment solutions and digitize any form of currency as a way to facilitate decentralized payments. Data from…

Traders Seek Protection as Crypto and Stocks Dip on US Debt Ceiling Impasse — CoinDesk

The trading volume of ETH put options expiring on Oct. 8 has soared, according to data from Deribit, a crypto futures and options exchange. A large number of put options is seen around the $2,700 price level, which, if breached, can trigger long liquidations. A put option is a contract giving the owner the right, but not the obligation, to sell, or sell short, a specified amount of an underlying security at a pre-determined price within a specified time frame. Source link

Kraken to Pay $1.25M Fine After Settling Charges With CFTC — CoinDesk

In a statement, a Kraken spokesperson said, “We appreciate that today’s settlement acknowledges our cooperation and engagement on the issue. We are committed to working with regulators to try to ensure the rules governing digital assets create a level playing field globally – one that allows the crypto space in the U.S. to flourish, while protecting the interests of individuals and the integrity of the industry.” Source link

Alibaba Has Banned the Sale of Crypto Miners

Share this article The China-based e-commerce company Alibaba has banned sales of cryptocurrency miners on its website. Alibaba Will Close Two Categories Alibaba’s announcement states that two categories will be closed: blockchain miners and blockchain miner accessories. The prohibition means that sellers will be prohibited from selling technology and software, as well as tutorials and strategies. Alibaba will also ban the sale of cryptocurrencies including Bitcoin, Litecoin, BeaoCoin, QuarkCoin, and Ethereum, although it does not appear that cryptocurrency is currently sold on the site. The company cited various regulations as…

Dapper Labs Is Bringing Its NFTs to the NFL: Report

Dapper Labs, a creator of non-fungible tokens (NFTs) and the Flow blockchain, has reached a deal with the NFL to create an NBA Top Shot-style marketplace for digital football collectibles, according to a report by Sports Business Journal. Sources told the publication that the deal makes Dapper Labs the NFL Players Association’s second-largest source of digital licensing revenue behind EA Sports’ “Madden” video game franchise. Just like its basketball counterpart, the NFT marketplace will run on the Flow blockchain and is expected to be released during the current NFL regular…