🚀BitMEX in hot water up North♨️

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🚀BitMEX in hot water up North♨️

Happy Friday to all our beloved Geckos!

 

One might associate Atari with retro video games in the 70's. But what about cryptocurrency?

 

(Editor's Note: No, the little orbs that Pac-man eats are NOT cryptocurrency.)

 

Atari will begin the public sale of its Atari Token in early November.

 

It will act as an Ethereum (ETH) based entertainment industry payment method.

 

At the end of the public sale, the token would be listed on Bitcoin.com as well as Atari's own crypto exchange.

 

In today's news, Uncle Sam lays down the law, another final testnet launches and new staking services are here.

 

Read on!

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American Authorities Charge BitMEX


The United States Commodity Futures Trading Commission (CTFC) has filed charges against BitMEX for money laundering, amongst other charges. 


CTFC is claiming that BitMEX, which is registered in Seychelles, was illegally operating in the United States. 


Owners Arthur Hayes, Ben Delo, and Samuel Reed are also facing related criminal charges for violating the Bank Secrecy Act which they strongly disagree with and intend to defend. 


DeCrypt

Another "Dress Rehearsal" for Ethereum 2.0

 

Ethereum developers will release a second "dress rehearsal" testnet, Zinken, on October 12th.

 

Spadina, the first "dress rehearsal", was unsuccessful due to critical issues such as configurations and uneven testnet user loads.

 

The main objective of both testnets were to give Ethereum validators another trial run at transferring ether into the Eth2 deposit address.

 

CoinDesk

eToro Enables Staking for Cardano and Tron


eToro now officially offers staking services for both Cardano (ADA) and Tron (TRX) with plans to expand the service to several other digital currencies. 


Yoni Assia, founder and CEO of eToro claims that this new service provides people with accessibility to staking on a secure platform. 


They are one of the first regulated platforms to offer a staking service for Cardano. 


Forbes

Faucet

A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time. Certain sites that monetize faucets involve requiring users to watch advertisements, or complete certain actions before earning their rewards. Faucets are commonly used during the early days of Bitcoin where users are able to request for Bitcoin for free, or in many different altcoins as a marketing move to get users interested in the coin.


Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here

Read more on CoinGecko

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