Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader

The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies are using their social media skills as well as the internet to mask the fraudulent nature of their operations. The emergency enforcement order, therefore, stops the flagged companies from continuing to operate from the state of Texas until they get a license from the regulator. Meanwhile, in his comments…

Read More

Uniswap trader spends $9,500 in fees on $120 transaction

A clumsy trader claims to have “destroyed” their life after inadvertently paying $9,500 in fees for a $120 transaction on the decentralized exchange (DEX) Uniswap. On Nov. 5, Reddit user ‘ProudBitcoiner’ posted that he had accidentally paid 23.5172 Ether (ETH) for a single trade after getting the “Gas Limit” and “Gas Price” input boxes confused in the MetaMask wallet. “Metamask didn’t populate the ‘Gas Limit’ field with the correct amount in my previous transaction and that transaction failed, so I decided to change it manually in the next transaction […]…

Read More

BitMEX’s actions likely to scare off mainstream institutions, former CBOE trader says

Cryptocurrency derivatives exchange BitMEX has not played ball by U.S. regulatory rules, which hurts the crypto industry as a whole, according to David Carman, a former veteran Chicago Board Options Exchange trader. Carman currently helps head up a Chicago-based global crypto regulatory association, seeking to bring regulatory clarity to the industry.   “If they’re not going to behave, they’re just going to hurt the industry and drag it down,” Carman told Cointelegraph regarding BitMEX. “What’s BitMEX thinking of? What are any of these companies thinking of that they can operate like…

Read More

Bitcoin price ‘worst-case scenario’ is now $7,000 — trader Tone Vays

Bitcoin (BTC) hitting $7,000 is now the “worst-case scenario,” veteran trader Tone Vays said on Sep. 23.  In the latest episode of his Market Pulse YouTube series, Vays said he was looking for a BTC price bottom of $9,000. Vays: $9,000 BTC price is “very good buy the dip” opportunity BTC/USD has maintained $10,000 support this week but has so far failed to reclaim higher levels after its fall from $11,000 several days ago.  “If we break down, I think $9,000 is a very good ‘buy the dip,’” Vays said.…

Read More

Stocks may push Bitcoin to $10.8K, says trader as USD bull run falters

Bitcoin (BTC) may get a “relief” rally closer to $11,000 as stock markets recover and concerns remain over the U.S. dollar. In a tweet on Sep. 8, Cointelegraph Markets analyst Michaël van de Poppe said that macro movements could serve to strengthen BTC/USD. BTC price may fill the upper futures gap first The rebound would follow testing times for Bitcoin, which has repeatedly dipped below $10,000 support since Friday. In line with long-term trends, the largest cryptocurrency could benefit from a shift in macro sentiment. “Futures bounce back significantly in…

Read More

Bitcoin trader sees 6 bullish signs for BTC after Fed ‘non-event’

Bitcoin (BTC) can still top $13,000 and higher as a series of “non-events” still leave bulls in a powerful position. Data from Coin360 and Cointelegraph Markets showed BTC/USD climbing towards $11,500 on Aug. 28, as one analyst said that the level is crucial to reclaim for gains to continue. Cryptocurrency market daily snapshot, Aug. 28. Source: Coin360 BTC price: $11.5K close extends “bullish re-accumulation” In an update to subscribers of his Telegram trading channel on Friday, filbfilb said that despite the previous day’s volatility, he remained long BTC. “In context…

Read More

No Trader Interest or Calm Before the ETH Storm?

Media magnate Steve Forbes recently criticized cryptocurrencies for their volatility, saying that one day they can be a steak, and the next day they can turn into dog food. Price fluctuations have accompanied the digital currency market since its inception and have been an important reason for the interest of traders in cryptocurrency. But it seems that something has gone wrong in the last couple of months. As strange as it seems, Bitcoin (BTC) and Ether (ETH) have been demonstrating unusual stability since late May. And while a relatively stable…

Read More

Bitcoin Trader: Google Helps Scam Crypto Trading App Look Legit in Reviews

Bitcoin Trader has been heavily promoting itself as the best and safest automated cryptocurrency trading app that can help people earn $1,300 a day. Numerous fake reviews and scam checks on Bitcoin Trader are highly ranked by Google, making this scam appear legitimate. News.Bitcoin.com investigates this investment scam. Bitcoin Trader Scam Many bitcoin scams have emerged as unemployment rises worldwide during the economic crisis and coronavirus pandemic. One investment scheme that has recently gained more attention due to its aggressive marketing tactics is called Bitcoin Trader. It claims to be…

Read More