Die größte russische Börse wirkt im Namen der Zentralbank an der Krypto-Regulierung mit.
Kursanalyse, 23. September: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP)
Die makroökonomischen Rahmenbedingungen sind weiterhin schwierig, doch Bitcoin und die großen Altcoins konnten sich in dieser Woche dennoch etwas besser halten als der Aktienmarkt.
CFTC orders crypto firm to pay $250,000 over registration violations
- CFTC’s penalty against bZeroX, its founders and successor firm Ooki DAO relate to illegal offering of off-exchange crypto trading and for breaching the Bank Secrecy Act.
- Ooki DAO operated renamed bZeroX protocol.
- Regulator says actions are aimed at protecting US retail investors amid crypto’s rapidly growing market.
The Commodity Futures Trading Commission (CFTC) imposed a $250,000 fine on crypto lending platform bZeroX and issued it a cease-and-desist order against it for illegal operations that violated the Commodity Exchange Act, CFTC regulations and the Bank Secrecy Act.
The penalty and orders were also filed and settled against bZeroX founders Tom Bean and Kyle Kistner, the agency said in a press release.
“These actions are part of the CFTC’s broader efforts to protect US customers in a rapidly evolving decentralised finance environment,” Gretchen Lowe, the acting Director of Enforcement at CFTC said.
bZeroX violated registration rules
According to the regulator, the crypto firm operated without the requisite registrations and illegally offered digital assets-related leveraged and margined commodity transactions. As such, the platform had offered services that can only be undertaken by a properly registered futures commission merchant (FCM).
“Margined, leveraged, or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations. These requirements apply equally to entities with more traditional business structures as well as to DAOs,” Lowe added.
CFTC also accused bZeroX of violating the Bank Secrecy Act by not adopting and implementing a KYC programme as required of FCMs.
The complaints were also levelled against Ooki DAO, the decentralised autonomous organisation that succeeded bZeroX.
ICYMI: The CFTC imposed a $250,000 penalty against bZeroX, LLC and its founders and charged its successor Ooki DAO for offering illegal, off-exchange digital-asset trading, registration violations, and failing to comply with the Bank Secrecy Act. https://t.co/dG7IeKKJtn
— CFTC (@CFTC) September 23, 2022
According to CFTC, the orders related to the development, deployment and marketing of the blockchain-based software bZx Protocol – from around 1 June, 2019 to 23 August, 2021 and when it changed to Ooki DAO.
The regulator thus said it had filed a civil enforcement action against Ooki DAO, seeking a trading ban, disgorgement, monetary penalties and injunctions against it.
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Optimism token loses another key support. What next?
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Optimism is a Layer-2 scaling solution on Ethereum
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Optimism price is falling amid a decline in ETH following the much-anticipated Merge
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OP, the native token, has lost support and faces further bearish pressure
Ethereum Layer-2 scaling solution Optimism OP/USD shows fewer signs of renewal. A week after the expected Ethereum Merge, Optimism crashed by around 15%. That happens amid fading hype around post-Merge gains in Ethereum-related tokens.
Do not, however, get it twisted. Ethereum’s shift from Proof-of-Work to Proof-of-Stake introduces great benefits. These impacts will be realized in the longer term, and linked platforms such as Optimism will benefit. Meanwhile, investors may have to put up with a bearish market for Optimism after the token lost key support. The bearish market also reflects concerns about tighter economies as Central Banks hike rates to tame inflation.
Optimism prediction as token loses grip of $1.0
Optimism token trades at $0.922, slipping below $1, a support zone. The price level means Optimism has more than halved since its August high of $2.2. That also suggests a bubble burst since it witnessed a strong surge in July on the back of strong fundamentals.
Source – TradingView
A technical outlook shows that Optimism has fallen below the 20-day and 50-day moving averages. The decline below the $1 support opens chances for further declines.
A look at the RSI shows a reading of 38. The reading indicates increased selling pressure. The token has more room to decline before we get to the oversold territory. Optimism will potentially continue to decline to find support at $0.74.
Summary
There is a lack of upside momentum for the Optimism token. The token lost important support at $1. It means that we should look for lower prices. The next support is $0.74 due to the weak sentiment.
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Compound token prediction as price pumps
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The compound token has added 4% in a day as the price defies a bear market
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The protocol plays a role in the DeFi sector through crypto loans
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COMP trades at double its June lows with more upside potential
Compound COMP/USD has gained by more than 4% in the past 24 hours. The gains defy a largely bearish crypto sentiment. Markets are still reeling from a hawkish Fed tone amid faster rate hikes. With no specific factors influencing COMP, buyers could be finding it attractive at low prices.
COMP was trading at $60 as of press time. The price is more than double the low of $27 reached in mid-June. However, the level is significantly low compared to a high of $240 at the beginning of the year. The token’s all-time high remains around $915 as of May 2021. A combination of factors, including tighter economies and the Ukrainian war, caused the decline.
Consequently, investors are finding Compound attractive at low prices. In particular, Compound promises to revolutionize the DeFi sector with crypto loans. The nascent sector presents a massive opportunity, but it will take time before its full potential is realized.
COMP maintains a short-term trend, recovering support level
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Source – TradingView
Technically, the Compound token trades at $56, which is now a support zone. The recent price pump has helped the token to rise above the 20-day and 50-day MA. The 20-day MA is about to close above the 50-day MA, confirming bullish momentum. The MACD indicator shows an increasing bullish momentum after a break above $56.
Concluding thoughts
The Compound token has the potential to continue rising from the current level. The token will face a minor resistance at $66. If the momentum remains, the key target for COMP will be $75.
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