Daily Crypto NewsEDITION #41, 02 October 2020

Trials & Crypto

Hey #Moni Maker ✋

Today, in 1836, Charles Darwin returned from his round the world journey, which led to the creation of his theory of evolution. And while hundreds of scientists are still studying evolution, you and I (perhaps without even realizing it) are taking part in the greatest revolution in human history; the financial revolution, the one without vandalized storefronts, water cannons and burning cars, it's happening on the Internet, and the main thing here is to keep your eyes peeled, so let's not waste time...

…and dive right in!

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against BitMEX Cryptocurrency Exchange and its owners, including the co-founder and CEO Arthur Hayes.

The owners of the platform are charged with servicing an unregistered trading platform and violating the CFTC's anti-money laundering and customer identification rules. The Technical Director of BitMEX has already been arrested.

“The complaint charges BitMEX with operating a facility for the trading or processing of swaps without having CFTC approval as a designated contract market or swap execution facility, and operating as a futures commission merchant by soliciting orders for and accepting bitcoin to margin digital asset derivatives transactions, and by acting as a counterparty to leveraged retail commodity transactions. The complaint further charges BitMEX with violating CFTC rules by failing to implement know-your-customer procedures, a customer information program, and anti-money laundering procedures.” ©

So what?

Sherlock, could you give us a hand with sorting this out.

Opinions on this situation vary: some believe that the U.S. protects its monopoly on crypto control, others believe that Bitmex really gets what it deserves.

Let's wait until at least the first court hearing is over. We will deal with it then.

According to Cryptorank, BTC has closed a historically difficult quarter with a 17.6% growth.

Moreover, the closing of the third quarter of 2020 with the price of $10,754 is the second most profitable moment in the history of Bitcoin.

So what?

Wait a little and we will say "We told you so" with an eccentric look when Bitcoin will rise up and start to fire people's hearts again.

Analyst Willie Woo believes that we are now seeing a surge in activity of new Bitcoin members, which is not yet reflected in the price, and this doesn’t happen often.

So what?

Traders call this situation divergence, and it is definitely bullish, which should have a good impact on BTC price.

This is not financial advice, but holding dirty fiat will only pull you down. We're flying high with crypto instead 🚀