The three co-founders have been ordered to pay hefty fines for what the CFTC calls their involvement in serious violations of regulations and the Commodity Exchange Act. The U.S. District Court for the Southern District of New York has ordered a total of $30 million civil monetary penalties from the three co-founders of BitMEX crypto...Continue Reading

After almost seven months and over 8.4 million emails on the waitlist Coinbase opened its NFT marketplace to the public but only recorded 150 transactions on the big day. Coinbase, one of the largest crypto exchanges by volume, opened its beta non-fungible token (NFT) marketplace to the public on May 4 with on-chain data showing...Continue Reading

The total value locked on Vector Finance hit a new high after the protocol integrated multiple stablecoins in the Avalanche ecosystem in order to become the network’s largest liquidity hub. The battle to attract stablecoin liquidity has been a trending theme across the cryptocurrency landscape for the past year, especially as decentralized finance users have...Continue Reading

BTC and ETH price imploded toward swing lows as the Dow tumbled by 1,000 points and the Nasdaq lost 5%, marking the worst trading day for stocks since 2020. Global financial markets plunged into disarray on May 5 as the Dow Jones saw a 1,063 point drop and Bitcoin (BTC) price plummeted to $35,571 on...Continue Reading

Registered Bitcoin service providers in El Salvador include Chivo, the firm behind the state-issued crypto wallets and kiosks, Paxos Trust Company, Paxful and OpenNode. Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador. In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salvador...Continue Reading

Catch up on the latest funding and partnership news about GameFi and Web3 gaming. This week Cointelegraph covers LootRush, Axie Infinity and Polygon Studios. SpongeBob and Warhammer mobile game scores Polygon partnership Free-to-play mobile games publisher Tilting Point has entered a multiyear partnership with Polygon Studios to launch 10 Web3 games over the next two years....Continue Reading

ETH derivatives metrics and technical analysis point toward further downside for Ethereum price. Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870 resistance....Continue Reading

During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products, including BTC and ETH derivatives. Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME Group executive director with experience in...Continue Reading

A full reversal and then some for BTC means that bulls are coming to terms with months of ground given up. Bitcoin (BTC) hit its lowest level in over two months later on May 5 as Wall Street trading saw volatility return with a bang. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView DXY celebrates as...Continue Reading

Most of the NFT market is in a downtrend, but data shows funds continuing to flow into blue-chip tier projects. In May 2021, OpenSea closed out nearly $140 million in total volume. Fast forward a year and the most dominant nonfungible token (NFT) marketplace closed over $880 million in less than a week partially because...Continue Reading