Liquid, a Japanese cryptocurrency exchange, is introducing Bitcoin perpetuals with 100:1 leverage ratio. The exchange is the latest one that is adding the Bitcoin product to its platform. The difference between futures and perpetual contracts is that unlike futures, perpetuals do not have an expiry date. As stated by Liquid, a perpetual contract also does…
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The cryptocurrency industry may be gaining worldwide recognition from top regulators and financial institutions. The global community, represented at WEF 2020, seems to be warming up to the crypto industry and steps are now taken to shape the sector and help it grow. The 2020 World Economic Forum that took place in Davos announced the…
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The financial regulator in Singapore, the Monetary Authority (MAS) has just announced the introduction of the Payment Services Act (PSA), which aims to serve as the new regulatory framework for cryptocurrency payments. The new framework will promote and boost the consumer confidence in transaction with digital assets, believes the regulator. The legislation was passed in…
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Dukascopy Bank is growing its crypto eco-system by adding new services. The bank’s clients can already fund trading accounts with Bitcoin, exchange Dukascoin, the bank’s own cryptocurrency, on the internal marketplace and trade CFDs on Bitcoin to US Dollar and Ethereum to US Dollar with leverage of up to 1:3. Dukascopy Bank was the first…
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Although Facebook is going forward with their cryptocurrency project Libra (although it was delayed several times), some of the project's key members have continued to leave. After Mastercard and PayPal withdrew as members of the Libra Association, Vodafone is the latest member to leave Facebook's cryptocurrency project. The news comes directly from The Libra Association…
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Huobi Group announced that it's expanding into brokerage services that target institutional investors in the cryptocurrency sector. The platform called Huobi Brokerage was unveiled during WEF 2020 in Davos. The new business line will become part of the Group's Global Institutional Business (GIB) that Huobi launched last November to monitor its institution-related businesses. The institution…
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CoinShares Group, digital asset manager and a digital asset investing company, today announced its continued momentum and significant growth in 2019 for its exchange traded product (ETP) line of business. Highlights include: A 97% increase in assets under management $1.58 billion in trade volume across 8 of CoinShares' ETPs Trade volume for ETPs per day…
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Cryptocurrency exchange Zipmex, based in Singapore, has been awarded a license from the Thai SEC to start offering its services in Thailand. The information comes from The Block on January 20, 2020. Zipmex is now one of the very few crypto players in Thailand that has a license to offer its crypto trading services to…
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Some celebrities do not waste time when it comes to utilizing cryptocurrencies to the maximum. One example is Akon. The singer is reportedly building a city powered by a coin named after himself - Akoin. According to Business Insider, the singer tweeted that he had finalized an agreement to actually build what is called "Akon…
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Bitstamp is a Luxembourg-based crypto exchange that has teamed up with Silvergate Bank for their new product called SEN Leverage. SEN is an abbreviation for Silvergate Exchange Network that allows for 24/7, real-time withdrawal and deposits of US dollars. Silvergate Bank is a California state-chartered bank. Since the launch of the network, some of the largest…
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