Newsflash of October 9th, 2020

Market Cap at 8:10 (UTC) – $344,963,159,027

Bitcoin dominance: 58.5% 

BTC $10,900.54 (+2.69%)
ETH $351.42 (+3.76%)
XRP $0.250284 (+1.93%)

Department of Justice take actions toward crypto

Newsflash of October 9th, 2020 - 4C Trading

The US Department of Justice (DOJ) has published a framework to engage with the possible threats created by crypto. The 83-pages document consists of several parts including the main usage of crypto, the role of crypto in criminal activities and how DOJ is going to tackle those problems. Full report can be found here.

Arthur Hayes steped down from Bitmex

Newsflash of October 9th, 2020 - 4C Trading

After CFTC charged Bitmex for operating illegal derivatives exchange, 100x Group has agreed to remove Arthur Hayes from his CEO position. Not only Arthur but also Samuel Reed, Ben Delo and Greg Dwyer will also have to resign from their positions. Currently, Viven Khoo will take place of Arthur to manage Bitmex operations.

Stay safe and happy trading.



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