OKEx Confirms $9 Million Clawback After ‘Enormous’ Bitcoin Future Fails

The Fed faces split rate cut expectations as markets price in 50% probability for both 25 bps and 50 bps move this Wednesday. Bitcoin has pulled back from above $60,000 amid rate cut uncertainty. The coming week is shaping up to be that rare one when markets are left guessing about the Federal Reserve's impending

Bitcoin’s (BTC) price remained largely unchanged at near $28,500 as the U.S. central bank did what was widely expected and raised interest rates by 25 basis points (bps). The increase sends the Federal funds rate to a target range of between 5% and 5.25%.The largest cryptocurrency by market capitalization was recently trading at around $28,460,…

The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.“Investigation and research are very different from decision making about next steps in terms of payments system development, and we are a

Oct 26, 2020 at 09:05 UTCUpdated Oct 26, 2020 at 09:12 UTC(crazystocker/Shutterstock)The U.S. government is pursuing a civil forfeiture claim on more than 300,000 units of the tether (USDT) cryptocurrency after they were reported stolen in a hack earlier this year.The funds, co-owned by Shixuan Cai and business partner Lin Jian Chen, were later frozen…

Last week’s launch of the ProShares Bitcoin Strategy ETF (BITO) was a smash hit by any measure. Yet it may be that at least part of its success could in part be the result of how the instrument is structured rather than pure demand from buyers hoping for bitcoin exposure.In just a few hours, the…

Jul 14, 2020 at 20:19 UTCSen. Lindsey Graham is one of three sponsors of the LAED Act and the main sponsor of the EARN IT Act. (Sen. Graham's website/Youtube) Cryptocurrencies Have ‘No Way’ to Comply With US Anti-Encryption BillsMultiple bills that threaten encryption are moving through the U.S. Senate and could pose a threat to…

OKX has launched “Nitro Spreads,” a feature on its over-the-counter (OTC) institutional liquid marketplace that allows traders to make complex basis trades in one-click.Basis trading refers to trading the difference between an asset’s price on two separate markets in an attempt to generate returns, for example, trading the difference of an asset on spot markets…

news Japanese financial services giant SBI Holdings has established a new subsidiary to manufacture cryptocurrency mining chips and systems. The new venture, SBI Mining Chip Co. (SBIMC), is a part of SBI’s strategy on digital assets-related businesses, according to an announcement on Friday SBIMC will be carrying out the development and manufacturing of cryptocurrency miners in partnership…

The Mobility Open Blockchain Initiative (MOBI) has launched a development "tournament" to explore how vehicles will communicate, co-operate and transact in the smart cities of the near-future. The 4-month MOBI Grand Challenge kicks off on October 12, with a public demonstration of winning technologies to be hosted by BMW Group in Munich, Germany on next…