Market Color YouTube

Market Color Podcast

Episode Summary

  • Kraken as settle with the CFTC and has been fined $1.25 million, due to violating the Commodities Exchange Act between June 2020 till June 2021.
  • The CFTC Commissioner proposed opening up a rule-making procedure to provide clear “rules of the road” for exchanges and other crypto entities to abide by.
  • Two U.S. senators have introduced a bill on Monday requiring the Treasury Department to take a closer look at crypto mining across the world.
  • Decentralized Ethereum-based exchange DeversiFi is reassuring users after a 100,000 of tether transaction cost the platform $23.7 million in fees.
  • Dan Berkovitz, a commissioner at the U.S. Commodity Futures Trading Commission, will serve as general counsel of the U.S. Securities and Exchange Commission starting in November.
  • Coinbase is adding a new feature which allows user to deposit a portion of their paycheck into their Coinbase account.
  • Revolut, which has a $33 billion valuation, is looking to launch its own crypto token, according to two sources.
  • Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal.
  • CoinGecko, CoinMarketCap and TradingView are currently all blocked by China’s internet firewall, according to tests run by The Block, in a move from China’s internet censorship agency.
  • Bitmain, one of the world’s largest manufacturers of bitcoin mining machines, is planning to suspend sales of its machines to miners in mainland China.

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