FTX, Cryptocurrency Leader, Moves to Reduce High-Risk Transactions

A popular cryptocurrency exchange announced on Sunday that it is blocking a type of high-risk trade that is blamed in part for the sharp fluctuations in Bitcoin value. casino-like atmosphere on such platforms globally. Exchange FTX’s move will cut the amount of leverage it offers from 101x to 20x, reducing the size of the bets …

Cryptocurrency Seeks Spotlight With Spike Lee’s Help

Some celebrity endorsements of cryptocurrencies are in trouble. In 2017, the Securities and Exchange Commission warned that some famous people were exaggerating what are known as virtual currency sales. initial coin offers without revealing that they were paid to promote them. The Commission has since fixed fees against boxer Floyd Mayweather Jr., music producer DJ …