In The War Between Crypto Companies And Regulators, Everyone Loses
Order has been restored after the latest clash between the American Securities and Exchange Committee (SEC) and Coinbase, the largest cryptocurrency exchange platform in the USA. This time, the heat was focused on Coinbase’s intention to launch its Lend program, where users of the platform can basically let the company make loans with their digital funds.
What happened: $89,221,699 worth of Ethereum (CRYPTO: ETH) was just moved between 2 anonymous cryptocurrency wallets in a single transaction.
This mysterious person's Ethereum wallet address has been identified as: 0x88a7ef2f047f8b07c6c917a6fd1a13438e9d8424
Someone with a lot of money to spend has taken a bearish stance on Uber Technologies (NYSE:UBER).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.