Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Dociko on October 02, 2020, 08:55:44 PM
-
The crypto industry was shocked to hear that the U.S. Commodities and Futures Commission (CFTC) formally charged the three co-founders of BitMEX today. This sent shockwaves throughout the entire market, while also particularly impacting the tokens within the DeFi sector.
Many smaller tokens saw massive 10%+ drops on the news, which came about as investors fled beta assets in search of greater stability.
Bitcoin itself saw a strong selloff, with the crypto’s price plunging from daily highs of $10,900 to lows of $10,400.
Details: https://www.newsbtc.com/2020/10/02/heres-why-the-cftcs-charges-against-bitmex-are-bad-for-defi/